The IRFC (Indian Railway Corporation) and the NHA (National Highways Authority) are likely to be the top beneficiaries of the Indian budget 2022. Investors are searching for the "lifeline" stocks of Indian railway-related companies, including the IRFC.
IRFC SECR, one of the many mini ratna companies owned by IRFC, has seen a steady rise in the last couple of weeks. The IRFC share price target 2024 has been set at Rs.176, which is the highest level since January 29th, 2021. The 52-week Low was Rs. 25, which is the lowest level since March 20th, 2023. The Share price target of IRFC in 2024 is almost 387% higher than the latest 52-week High in the same period.
Let's look at the factors and details related to the IRFC Share price target 2024.
IRFC Share Price Target (2024)
Month (2024) Maximum Target MinimumTarget
JanuaryRs – Rs – February Rs 215.41Rs 193.45 March Rs 216.88Rs 201.86 April Rs 229.13Rs 210.48 May Rs 238.83Rs 212.43 June Rs 245.57Rs 233.55 July Rs 255.29Rs 235.82 August Rs 259.51Rs 237.68S eptember Rs 267.70Rs 252.28 October Rs 277.22Rs 259.06 November Rs 292.87Rs 265.55 December Rs 298.61Rs 285.85
IRFC Share Price Target (2025)
Month (2025) Maximum Target Minimum Target
January Rs 311.17Rs 284.54 February Rs 307.62Rs 281.64 March Rs 321.15Rs 288.44 April Rs 324.87Rs 304.27 May Rs 337.95Rs 312.98 JuneRs 342.18Rs 304.90 July Rs 349.09Rs 324.36 August Rs 355.97Rs 326.89 September Rs 374.36Rs 337.09 October Rs 385.52Rs 344.49 November Rs 392.56Rs 359.73 December Rs 409.80Rs 372.76
IRFC Share Price Target (2026 to 2035)
Year Maximum target Minimum Target 2026 Rs 529.11Rs 373.60 2027 Rs 648.13Rs 456.57 2028 Rs 771.31Rs 551.18 2031 Rs 1106.92Rs 830.18 2035 Rs 1576.79Rs 1178.92
IRFC Financials 2023
Revenue 65.08 Billion INR 4.24% YOY Operating expense 1.71 Billion INR 11.87% YOY Net Income 63.37 Billion INR 4.06% YOY Net Profit Margin 97.3 Billion INR -0.16% YOY Earnings Per Share EBITDA Effective Tax RateTotal Assets 4.91 Trillion INR 12.24% YOY Total Liabilities 4.46 Trillion INR 6.45% YOY Total Equity 454.70 Billion INR Return on assets 1.35% Return on CapitalP/E Ratio 37.75 Dividend Yield 0.85%
IRFC's share price target for 2025 on the NSE is Rs.14935, which is 487% higher than Rs.45 in March 2022. As of January 2024, the total market capitalization of the Indian Central Government for IRFC & ICI is Rs. 2,42 lakh crore. In Share Price Target of IRFC in 2024 is 49% whereas in 2025, the target is over Rs.400, which is a 100% increase till the end of the year. The railway stocks such as IRFC and IRcon have witnessed a huge surge in the last couple of days.
According to the company's FY2023 Annual Report, the company is expected to have a healthy return on investment (ROI) of 4,24% and an increase in Net Income by 4,06% compared to last year. The company's P/E ratio is 37.75 and the dividend yield is 0.85%. Therefore, it is recommended that you consult an expert before putting your hard-earned money into the ill-structured and volatile stock market.
The government of India wants to improve the vital transportation infrastructure of India, which will attract investors who want to invest in the Indian Railway sector. Hence, the government's policy and regulations will affect the railway sector's stock price. Therefore, investors should always keep the volatility of the market and the country's economic situation in mind when investing their money.
In the short term, the financial aggregator of Indian Railways will outperform the price-per-share (PPP). However, the company's financial statement indicates that the company's net profit and revenues will increase moderately in the financial year 2023. The company's business operations have been revolutionized by technology, so investors should keep a close watch on the company's technological developments.
The IRFC's Share Price Target in 2024 suggests a bullish outlook for IRFC stock price.
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