Indian Railway Finance Corporation Balance Sheet
- Market cap
- ₹99,909 crore
- P/E
- 13.9
- P/B
- 1.76
- ROE
- 12.8%
- Dividend yield
- 1.20%
As of Mar 2022, Indian Railway Finance Corporation had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 99.71% from Mar 2023.
Indian Railway Finance Corporation balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 13,069 | 13,069 | 13,069 | 13,069 |
| Reserves | 8,500 | 7,775 | 10,945 | 13,141 | 16,004 |
| Borrowings | 1,200 | 4,18,935 | 4,12,039 | 4,12,133 | 4,36,471 |
| Other liabilities | 3,500 | 26,744 | 23,865 | 24,034 | 23,457 |
| Total liabilities | 13,700 | 4,90,359 | 4,85,082 | 4,88,835 | 5,16,676 |
| Fixed assets | 6,500 | 17.93 | 21.07 | 16.93 | 17.96 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 98,072 | 97,016 | 97,767 | 1,03,335 |
| Other assets | 4,300 | 1,47,108 | 1,45,525 | 1,46,650 | 1,55,003 |
| Total assets | 13,700 | 4,90,359 | 4,85,082 | 4,88,835 | 5,16,676 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Indian Railway Finance Corporation balance sheet — frequently asked questions
What is the total debt of Indian Railway Finance Corporation?
Indian Railway Finance Corporation reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹4.19 lakh crore as of Mar 2023.
What is Indian Railway Finance Corporation's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Indian Railway Finance Corporation's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Indian Railway Finance Corporation's total assets?
Indian Railway Finance Corporation's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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