PFC

Power Finance Corporation Limited

State-backed lender for power and infrastructure projects

Financial Services›Financial Services›Finance›Financial Institution

pfcindia.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹333.25
Market cap
1,09,965 Cr
Stock P/E
4.2
P/B
0.83
Dividend yield
0.0%
ROE (FY26)
14.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

PFC (Power Finance Corporation) is a government-promoted non-banking financial company (NBFC) that gives long-term loans to the power sector and, more recently, to logistics and infrastructure projects.

Company snapshot

1stBy market cap

Ranked among 7 companies in Financial Institution.

What we see

Positives
  • ✓Net margin of 29.1% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income7,782 Cr8,456 Cr—9,007 Cr9,392 Cr9,840 Cr12,092 Cr11,054 Cr10,755 Cr10,896 Cr10,833 Cr10,696 Cr
Other income13 Cr22 Cr35 Cr20 Cr33 Cr24 Cr20 Cr90 Cr11 Cr46 Cr-63 Cr36 Cr
Net operating income7,794 Cr8,478 Cr35 Cr9,027 Cr9,425 Cr9,864 Cr12,113 Cr11,143 Cr10,766 Cr10,942 Cr10,770 Cr10,733 Cr
Employee cost116 Cr137 Cr128 Cr129 Cr129 Cr123 Cr172 Cr139 Cr142 Cr152 Cr141 Cr158 Cr
Other expenses385 Cr376 Cr444 Cr158 Cr648 Cr350 Cr623 Cr933 Cr822 Cr456 Cr966 Cr1,109 Cr
Provisions & contingencies————————————
Depreciation13 Cr14 Cr15 Cr12 Cr13 Cr15 Cr16 Cr14 Cr15 Cr18 Cr16 Cr18 Cr
Profit before tax8,629 Cr7,961 Cr9,597 Cr8,894 Cr9,368 Cr9,816 Cr10,554 Cr11,199 Cr10,057 Cr10,502 Cr11,092 Cr11,260 Cr
Tax %23.2%20.9%21.3%19.2%23.0%21.0%20.8%19.8%22.1%21.8%22.5%20.1%
Net profit6,628 Cr6,294 Cr7,556 Cr7,182 Cr7,215 Cr7,760 Cr8,358 Cr8,981 Cr7,834 Cr8,212 Cr8,598 Cr8,998 Cr
EPS (₹)₹14.65₹14.33₹17.04₹16.80₹16.07₹17.66₹19.14₹20.81₹17.40₹19.07₹21.21₹21.25

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income——18,815 Cr20,784 Cr26,162 Cr30,178 Cr29,479 Cr—40,331 Cr43,546 CrSign in free for the trailing twelve months
Other income130 Cr269 Cr43 Cr86 Cr45 Cr83 Cr57 Cr78 Cr97 Cr83 CrSign in free for the trailing twelve months
Net operating income130 Cr269 Cr18,858 Cr20,870 Cr26,206 Cr30,262 Cr29,536 Cr78 Cr40,428 Cr43,629 CrSign in free for the trailing twelve months
Employee cost133 Cr193 Cr363 Cr400 Cr371 Cr407 Cr439 Cr497 Cr553 Cr570 CrSign in free for the trailing twelve months
Other expenses105 Cr107 Cr1,658 Cr5,661 Cr823 Cr2,424 Cr3,863 Cr954 Cr1,779 Cr3,181 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation41 Cr70 Cr15 Cr24 Cr25 Cr35 Cr52 Cr53 Cr56 Cr63 CrSign in free for the trailing twelve months
Profit before tax5,264 Cr8,359 Cr17,862 Cr14,093 Cr19,891 Cr23,382 Cr26,496 Cr33,588 Cr38,632 Cr42,850 CrSign in free for the trailing twelve months
Tax %57.5%30.1%29.2%32.8%21.0%19.7%20.1%21.2%21.0%21.5%Sign in free for the trailing twelve months
Net profit2,236 Cr5,844 Cr12,640 Cr9,477 Cr15,716 Cr18,768 Cr21,179 Cr26,461 Cr30,514 Cr33,625 CrSign in free for the trailing twelve months
EPS (₹)₹8.47₹22.14₹37.58₹26.98₹44.50₹53.08₹60.19₹59.88₹69.67₹78.49Sign in free for the trailing twelve months
Dividend payout %————20.0%24.0%19.4%23.2%26.7%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital2,640 Cr2,640 Cr2,640 Cr2,640 Cr2,640 Cr2,640 Cr2,640 Cr3,300 Cr3,300 Cr3,300 Cr
Reserves33,830 Cr37,221 Cr44,481 Cr46,760 Cr58,127 Cr69,036 Cr81,518 Cr97,847 Cr1,14,438 Cr1,29,561 Cr
Borrowings1,77,242 Cr1,98,423 Cr5,39,488 Cr5,96,563 Cr6,59,682 Cr6,60,476 Cr7,51,158 Cr—9,71,758 Cr10,12,503 Cr
Other liabilities44,749 Cr48,181 Cr26,022 Cr31,792 Cr34,235 Cr34,249 Cr32,973 Cr9,04,589 Cr51,173 Cr58,634 Cr
Total liabilities2,58,461 Cr2,86,465 Cr6,28,994 Cr6,94,521 Cr7,75,707 Cr7,91,000 Cr8,96,112 Cr10,38,877 Cr11,78,087 Cr12,44,579 Cr
Fixed assets (net)62 Cr64 Cr186 Cr229 Cr335 Cr669 Cr738 Cr724 Cr753 Cr748 Cr
CWIP——197 Cr288 Cr336 Cr53 Cr11 Cr28 Cr76 Cr128 Cr
Investments3,591 Cr2,336 Cr4,604 Cr3,854 Cr2,950 Cr3,774 Cr5,973 Cr0.33 Cr12,793 Cr15,550 Cr
Loans & advances——5,73,661 Cr6,46,196 Cr7,22,387 Cr7,32,851 Cr8,32,903 Cr—10,91,898 Cr11,53,255 Cr
Trade receivables——172 Cr137 Cr168 Cr126 Cr171 Cr—274 Cr327 Cr
Cash & bank3,573 Cr553 Cr725 Cr1,905 Cr4,928 Cr914 Cr128 Cr339 Cr319 Cr1,409 Cr
Other assets2,51,235 Cr2,83,512 Cr49,448 Cr41,912 Cr44,604 Cr52,614 Cr56,189 Cr10,37,786 Cr71,973 Cr73,162 Cr
Total assets2,58,461 Cr2,86,465 Cr6,28,994 Cr6,94,521 Cr7,75,707 Cr7,91,000 Cr8,96,112 Cr10,38,877 Cr11,78,087 Cr12,44,579 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1,795 Cr-27,296 Cr-80,252 Cr-42,690 Cr-59,143 Cr1,632 Cr-74,699 Cr-97,820 Cr-92,269 Cr-4,504 Cr
Cash from investing-667 Cr611 Cr-13,463 Cr470 Cr1,741 Cr-367 Cr-1,694 Cr-3,409 Cr-2,312 Cr2,755 Cr
Cash from financing1,950 Cr24,152 Cr93,616 Cr43,399 Cr60,424 Cr-5,279 Cr75,518 Cr1,01,261 Cr94,258 Cr9,306 Cr
Net cash flow3,079 Cr-2,534 Cr-98 Cr1,179 Cr3,023 Cr-4,013 Cr-874 Cr32 Cr-323 Cr7,556 Cr
Free cash flow (OCF − Capex)1,614 Cr-27,734 Cr-80,351 Cr-42,820 Cr-59,257 Cr1,512 Cr-74,822 Cr-98,144 Cr-93,106 Cr-4,842 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %5.8%14.7%15.6%10.8%14.4%14.6%14.2%14.7%14.8%14.9%
Debt / equity4.864.9811.4512.0810.869.218.930.068.257.62