Indian Railway Finance Corporation Ltd.
•₹ 86.4-0.08%
2026-08-21
PROS
- Asset quality is healthy - gross NPA of just 0.0%
- Solid return on assets for a lender - ROA of 1.4%
- Company has been maintaining a healthy dividend payout of 39.2%
- Stock looks reasonably valued - P/E of 16.3 is below its historical median
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Company has a low return on capital employed of 5.7%
- Promoter holding has decreased over last 2 years: -3.5pp
- Effective tax rate is unusually low at 0.0% - earnings may be flattered
- Company has delivered a poor profit growth of 9.7% over past five years
- Expensive relative to growth - PEG of 3.7
- Company's return on assets is weak at 1.4%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | PFC | 376.00 | 4.76 | 124083.83 | 4.93 | 8997.92 | 0.18 | 28526.86 | 0.32 | 10.05 | 99.88 |
| 2. | IRFC | 85.10 | 0.00 | 111212.99 | 2.47 | 1927.21 | 10.40 | 8261.11 | 451.73 | 5.64 | 99.49 |
| 3. | RECLTD | 337.35 | 5.54 | 88831.81 | 5.50 | 4192.76 | -6.11 | 14434.92 | -1.51 | 9.71 | 96.90 |
| 4. | IFCI | 81.60 | 126.04 | 21985.60 | 0.00 | 60.27 | -3.46 | 327.06 | 4.79 | 11.51 | 57.66 |
| 5. | TFCILTD | 131.50 | 71.22 | 6088.15 | 0.46 | 18.38 | -8.25 | 51.00 | -17.46 | 11.13 | 90.10 |
| 6. | SATIN | 224.35 | 6.05 | 2478.42 | 0.00 | 122.65 | 171.94 | 762.14 | 7.70 | 12.15 | 62.96 |
| 7. | TRU | 4.35 | 0.00 | 51.70 | 0.00 | -10.58 | -16.29 | 11.27 | -62.55 | 3.48 | -79.12 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,131 | 2,217 | 2,335 | 2,141 | 1,819 | 1,921 | 2,011 | 1,970 | 1,497 | 2,829 | 2,312 | 2,902 | 8,261 | |
| 29 | 34 | 35 | 34 | 33 | 38 | 39 | 44 | 47 | 49 | 104 | 118 | 6,464 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 1 | 3 | 3 | 0 | 1 | 3 | 1 | 3 | 0 | 58 | -7 | 130 |
| Interest | 5,091 | 5,181 | 5,104 | 4,725 | 5,155 | 5,249 | 5,095 | 4,996 | 5,124 | 4,544 | 4,812 | 5,524 | 6,421 |
| Depreciation | 4 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| 1,551 | 1,545 | 1,599 | 1,717 | 1,577 | 1,613 | 1,631 | 1,682 | 1,746 | 1,777 | 1,802 | 1,684 | 1,927 | |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 1,551 | 1,545 | 1,599 | 1,717 | 1,577 | 1,613 | 1,631 | 1,682 | 1,746 | 1,777 | 1,802 | 1,684 | 1,927 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 |
| Reserves | 33,170 | 33,815 | 34,375 | 36,110 | 37,704 | 38,396 | 38,978 | 39,599 | 41,355 | 43,125 | 43,557 | 43,680 | 45,723 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 |
| Reserves | 33,170 | 33,815 | 34,375 | 36,110 | 37,704 | 38,396 | 38,978 | 39,599 | 41,355 | 43,125 | 43,557 | 43,680 | 45,723 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 2,131
- 29
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5,091
- Depreciation
- 4
- 1,551
- Tax %
- 0.00%
- Net Profit
- 1,551
- 1
- Equity Capital
- 13,069
- Reserves
- 33,170
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 33,170
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,217
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5,181
- Depreciation
- 2
- 1,545
- Tax %
- 0.00%
- Net Profit
- 1,545
- 1
- Equity Capital
- 13,069
- Reserves
- 33,815
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 33,815
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,335
- 35
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5,104
- Depreciation
- 1
- 1,599
- Tax %
- 0.00%
- Net Profit
- 1,599
- 1
- Equity Capital
- 13,069
- Reserves
- 34,375
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 34,375
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,141
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4,725
- Depreciation
- 2
- 1,717
- Tax %
- 0.00%
- Net Profit
- 1,717
- 1
- Equity Capital
- 13,069
- Reserves
- 36,110
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 36,110
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,819
- 33
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5,155
- Depreciation
- 2
- 1,577
- Tax %
- 0.00%
- Net Profit
- 1,577
- 1
- Equity Capital
- 13,069
- Reserves
- 37,704
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 37,704
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,921
- 38
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5,249
- Depreciation
- 1
- 1,613
- Tax %
- 0.00%
- Net Profit
- 1,613
- 1
- Equity Capital
- 13,069
- Reserves
- 38,396
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 38,396
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,011
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5,095
- Depreciation
- 1
- 1,631
- Tax %
- 0.00%
- Net Profit
- 1,631
- 1
- Equity Capital
- 13,069
- Reserves
- 38,978
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 38,978
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,970
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 4,996
- Depreciation
- 1
- 1,682
- Tax %
- 0.00%
- Net Profit
- 1,682
- 1
- Equity Capital
- 13,069
- Reserves
- 39,599
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 39,599
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,497
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5,124
- Depreciation
- 1
- 1,746
- Tax %
- 0.00%
- Net Profit
- 1,746
- 1
- Equity Capital
- 13,069
- Reserves
- 41,355
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 41,355
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,829
- 49
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4,544
- Depreciation
- 1
- 1,777
- Tax %
- 0.00%
- Net Profit
- 1,777
- 1
- Equity Capital
- 13,069
- Reserves
- 43,125
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 43,125
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,312
- 104
- Operating Profit
- —
- OPM %
- —
- Other Income
- 58
- Interest
- 4,812
- Depreciation
- 1
- 1,802
- Tax %
- 0.00%
- Net Profit
- 1,802
- 1
- Equity Capital
- 13,069
- Reserves
- 43,557
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 43,557
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,902
- 118
- Operating Profit
- —
- OPM %
- —
- Other Income
- -7
- Interest
- 5,524
- Depreciation
- 2
- 1,684
- Tax %
- 0.00%
- Net Profit
- 1,684
- 1
- Equity Capital
- 13,069
- Reserves
- 43,680
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 43,680
- Promoter Pledge %
- 0.00%
Jun 2026
- 8,261
- 6,464
- Operating Profit
- —
- OPM %
- —
- Other Income
- 130
- Interest
- 6,421
- Depreciation
- 1
- 1,927
- Tax %
- 0.00%
- Net Profit
- 1,927
- 0
- Equity Capital
- 13,069
- Reserves
- 45,723
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13,069
- Reserves
- 45,723
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,047 | 11,019 | 11,134 | 13,421 | 15,770 | 20,299 | 23,721 | 26,649 | 27,152 | 27,284 | 16,304 | |
| 26 | 38 | 48 | 66 | 113 | 123 | 137 | 137 | 154 | 318 | 6,735 | |
| Operating Profit | 9,022 | 10,982 | 11,085 | 13,355 | 15,658 | 20,179 | 23,628 | 26,523 | 27,002 | 27,020 | — |
| OPM % | 100 | 100 | 100 | 100 | 99 | 99 | 100 | 100 | 99 | 99 | — |
| Other Income | 1 | 2 | 0 | 0 | 0 | 2 | 44 | 11 | 4 | 54 | 181 |
| Interest | 6,888 | 8,437 | 8,183 | 10,163 | 11,237 | 14,075 | 17,447 | 20,101 | 20,495 | 20,005 | 21,302 |
| Depreciation | 0 | 0 | 0 | 0 | 4 | 14 | 14 | 9 | 5 | 6 | 6 |
| 2,133 | 2,545 | 2,902 | 3,192 | 4,416 | 6,090 | 6,167 | 6,412 | 6,502 | 7,009 | 7,191 | |
| Tax % | 56 | 21 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 934 | 2,007 | 2,255 | 3,192 | 4,416 | 6,090 | 6,167 | 6,412 | 6,502 | 7,009 | 7,191 |
| EPS | 1 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 5 | 5 | — |
| Dividend Payout % | 40 | 19 | 17 | 16 | 31 | 30 | 32 | 31 | 32 | 39 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 3 | 2 | 3 | 3 | 5 | 5 | 5 | 5 | 5 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 3 | 2 | 3 | 3 | 5 | 5 | 5 | 5 | 5 | — |
Mar 2017
- 9,047
- 26
- Operating Profit
- 9,022
- OPM %
- 100
- Other Income
- 1
- Interest
- 6,888
- Depreciation
- 0
- 2,133
- Tax %
- 56
- Net Profit
- 934
- EPS
- 1
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 11,019
- 38
- Operating Profit
- 10,982
- OPM %
- 100
- Other Income
- 2
- Interest
- 8,437
- Depreciation
- 0
- 2,545
- Tax %
- 21
- Net Profit
- 2,007
- EPS
- 3
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 11,134
- 48
- Operating Profit
- 11,085
- OPM %
- 100
- Other Income
- 0
- Interest
- 8,183
- Depreciation
- 0
- 2,902
- Tax %
- 22
- Net Profit
- 2,255
- EPS
- 3
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 13,421
- 66
- Operating Profit
- 13,355
- OPM %
- 100
- Other Income
- 0
- Interest
- 10,163
- Depreciation
- 0
- 3,192
- Tax %
- 0
- Net Profit
- 3,192
- EPS
- 3
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2021
- 15,770
- 113
- Operating Profit
- 15,658
- OPM %
- 99
- Other Income
- 0
- Interest
- 11,237
- Depreciation
- 4
- 4,416
- Tax %
- 0
- Net Profit
- 4,416
- EPS
- 4
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 20,299
- 123
- Operating Profit
- 20,179
- OPM %
- 99
- Other Income
- 2
- Interest
- 14,075
- Depreciation
- 14
- 6,090
- Tax %
- 0
- Net Profit
- 6,090
- EPS
- 5
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2023
- 23,721
- 137
- Operating Profit
- 23,628
- OPM %
- 100
- Other Income
- 44
- Interest
- 17,447
- Depreciation
- 14
- 6,167
- Tax %
- 0
- Net Profit
- 6,167
- EPS
- 5
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 26,649
- 137
- Operating Profit
- 26,523
- OPM %
- 100
- Other Income
- 11
- Interest
- 20,101
- Depreciation
- 9
- 6,412
- Tax %
- 0
- Net Profit
- 6,412
- EPS
- 5
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2025
- 27,152
- 154
- Operating Profit
- 27,002
- OPM %
- 99
- Other Income
- 4
- Interest
- 20,495
- Depreciation
- 5
- 6,502
- Tax %
- 0
- Net Profit
- 6,502
- EPS
- 5
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2026
- 27,284
- 318
- Operating Profit
- 27,020
- OPM %
- 99
- Other Income
- 54
- Interest
- 20,005
- Depreciation
- 6
- 7,009
- Tax %
- 0
- Net Profit
- 7,009
- EPS
- 5
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
TTM
- 16,304
- 6,735
- Operating Profit
- —
- OPM %
- —
- Other Income
- 181
- Interest
- 21,302
- Depreciation
- 6
- 7,191
- Tax %
- 0
- Net Profit
- 7,191
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 12%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 24%
- 5 Years:
- 10%
- 3 Years:
- 4%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 30%
- 3 Years:
- 22%
- 1 Year:
- -32%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 14%
- 3 Years:
- 13%
- Last Year:
- 13%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 6,526 | 6,526 | 9,380 | 11,880 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 | 13,069 |
| 5,483 | 7,039 | 15,648 | 18,419 | 22,845 | 27,928 | 31,612 | 36,110 | 39,599 | 43,680 | |
| 7,717 | 14,203 | 2,986 | 3,863 | 2,897 | 0 | 0 | 12,649 | 17,662 | 31,285 | |
| Trade Payables | 0 | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,09,923 | 1,34,563 | 1,81,122 | 2,43,889 | 3,42,320 | 4,08,996 | 4,45,679 | 4,23,255 | 4,18,505 | 4,28,642 | |
| Total Liabilities | 1,29,650 | 1,62,332 | 2,09,148 | 2,78,052 | 3,81,130 | 4,49,993 | 4,90,359 | 4,85,082 | 4,88,835 | 5,16,676 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 12 | 11 | 11 | 11 | 45 | 38 | 19 | 22 | 18 | 18 | |
| 8 | 7 | 13 | 12 | 12 | 10 | 14 | 54 | 38 | 28 | |
| Cash & Bank | 8 | 100 | 81 | 101 | 459 | 303 | 542 | 467 | 6,143 | 978 |
| 1,29,623 | 1,62,214 | 2,09,043 | 2,77,929 | 3,80,614 | 4,49,641 | 4,89,784 | 4,84,539 | 4,82,636 | 5,15,652 | |
| Total Assets | 1,29,650 | 1,62,332 | 2,09,148 | 2,78,052 | 3,81,130 | 4,49,993 | 4,90,359 | 4,85,082 | 4,88,835 | 5,16,676 |
| Total Debt | 1,06,395 | 1,34,953 | 1,73,933 | 2,34,377 | 3,23,111 | 3,88,417 | 4,18,929 | 4,12,032 | 4,12,129 | 4,36,470 |
| Net Working Capital | -1,710 | -11,365 | 64,987 | 1,03,991 | 1,82,895 | 2,20,534 | 2,07,372 | -1,394 | 2,692 | -7,088 |
| Contingent Liabilities | 1 | 1 | 0 | 2,655 | 2,655 | 2,859 | 3,096 | 1,046 | 830 | 929 |
| Book Value per Share | 18.40 | 20.78 | 26.68 | 25.50 | 27.48 | 31.37 | 34.19 | 37.63 | 40.30 | 43.42 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1,06,395 | 1,34,953 | 1,73,933 | 2,34,377 | 3,23,111 | 3,88,417 | 4,18,929 | 4,12,032 | 4,12,129 | 4,36,470 |
| Net Working Capital | -1,710 | -11,365 | 64,987 | 1,03,991 | 1,82,895 | 2,20,534 | 2,07,372 | -1,394 | 2,692 | -7,088 |
| Contingent Liabilities | 1 | 1 | 0 | 2,655 | 2,655 | 2,859 | 3,096 | 1,046 | 830 | 929 |
| Book Value per Share | 18.40 | 20.78 | 26.68 | 25.50 | 27.48 | 31.37 | 34.19 | 37.63 | 40.30 | 43.42 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 6,526
- 5,483
- 7,717
- Trade Payables
- 0
- 1,09,923
- Total Liabilities
- 1,29,650
- 12
- 8
- Cash & Bank
- 8
- 1,29,623
- Total Assets
- 1,29,650
- Total Debt
- 1,06,395
- Net Working Capital
- -1,710
- Contingent Liabilities
- 1
- Book Value per Share
- 18.40
- Face Value
- 10.00
- Total Debt
- 1,06,395
- Net Working Capital
- -1,710
- Contingent Liabilities
- 1
- Book Value per Share
- 18.40
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 6,526
- 7,039
- 14,203
- Trade Payables
- 0
- 1,34,563
- Total Liabilities
- 1,62,332
- 11
- 7
- Cash & Bank
- 100
- 1,62,214
- Total Assets
- 1,62,332
- Total Debt
- 1,34,953
- Net Working Capital
- -11,365
- Contingent Liabilities
- 1
- Book Value per Share
- 20.78
- Face Value
- 10.00
- Total Debt
- 1,34,953
- Net Working Capital
- -11,365
- Contingent Liabilities
- 1
- Book Value per Share
- 20.78
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 9,380
- 15,648
- 2,986
- Trade Payables
- 12
- 1,81,122
- Total Liabilities
- 2,09,148
- 11
- 13
- Cash & Bank
- 81
- 2,09,043
- Total Assets
- 2,09,148
- Total Debt
- 1,73,933
- Net Working Capital
- 64,987
- Contingent Liabilities
- 0
- Book Value per Share
- 26.68
- Face Value
- 10.00
- Total Debt
- 1,73,933
- Net Working Capital
- 64,987
- Contingent Liabilities
- 0
- Book Value per Share
- 26.68
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 11,880
- 18,419
- 3,863
- Trade Payables
- 0
- 2,43,889
- Total Liabilities
- 2,78,052
- 11
- 12
- Cash & Bank
- 101
- 2,77,929
- Total Assets
- 2,78,052
- Total Debt
- 2,34,377
- Net Working Capital
- 1,03,991
- Contingent Liabilities
- 2,655
- Book Value per Share
- 25.50
- Face Value
- 10.00
- Total Debt
- 2,34,377
- Net Working Capital
- 1,03,991
- Contingent Liabilities
- 2,655
- Book Value per Share
- 25.50
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 13,069
- 22,845
- 2,897
- Trade Payables
- 0
- 3,42,320
- Total Liabilities
- 3,81,130
- 45
- 12
- Cash & Bank
- 459
- 3,80,614
- Total Assets
- 3,81,130
- Total Debt
- 3,23,111
- Net Working Capital
- 1,82,895
- Contingent Liabilities
- 2,655
- Book Value per Share
- 27.48
- Face Value
- 10.00
- Total Debt
- 3,23,111
- Net Working Capital
- 1,82,895
- Contingent Liabilities
- 2,655
- Book Value per Share
- 27.48
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 13,069
- 27,928
- 0
- Trade Payables
- 0
- 4,08,996
- Total Liabilities
- 4,49,993
- 38
- 10
- Cash & Bank
- 303
- 4,49,641
- Total Assets
- 4,49,993
- Total Debt
- 3,88,417
- Net Working Capital
- 2,20,534
- Contingent Liabilities
- 2,859
- Book Value per Share
- 31.37
- Face Value
- 10.00
- Total Debt
- 3,88,417
- Net Working Capital
- 2,20,534
- Contingent Liabilities
- 2,859
- Book Value per Share
- 31.37
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 13,069
- 31,612
- 0
- Trade Payables
- 0
- 4,45,679
- Total Liabilities
- 4,90,359
- 19
- 14
- Cash & Bank
- 542
- 4,89,784
- Total Assets
- 4,90,359
- Total Debt
- 4,18,929
- Net Working Capital
- 2,07,372
- Contingent Liabilities
- 3,096
- Book Value per Share
- 34.19
- Face Value
- 10.00
- Total Debt
- 4,18,929
- Net Working Capital
- 2,07,372
- Contingent Liabilities
- 3,096
- Book Value per Share
- 34.19
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 13,069
- 36,110
- 12,649
- Trade Payables
- 0
- 4,23,255
- Total Liabilities
- 4,85,082
- 22
- 54
- Cash & Bank
- 467
- 4,84,539
- Total Assets
- 4,85,082
- Total Debt
- 4,12,032
- Net Working Capital
- -1,394
- Contingent Liabilities
- 1,046
- Book Value per Share
- 37.63
- Face Value
- 10.00
- Total Debt
- 4,12,032
- Net Working Capital
- -1,394
- Contingent Liabilities
- 1,046
- Book Value per Share
- 37.63
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 13,069
- 39,599
- 17,662
- Trade Payables
- 0
- 4,18,505
- Total Liabilities
- 4,88,835
- 18
- 38
- Cash & Bank
- 6,143
- 4,82,636
- Total Assets
- 4,88,835
- Total Debt
- 4,12,129
- Net Working Capital
- 2,692
- Contingent Liabilities
- 830
- Book Value per Share
- 40.30
- Face Value
- 10.00
- Total Debt
- 4,12,129
- Net Working Capital
- 2,692
- Contingent Liabilities
- 830
- Book Value per Share
- 40.30
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 13,069
- 43,680
- 31,285
- Trade Payables
- 0
- 4,28,642
- Total Liabilities
- 5,16,676
- 18
- 28
- Cash & Bank
- 978
- 5,15,652
- Total Assets
- 5,16,676
- Total Debt
- 4,36,470
- Net Working Capital
- -7,088
- Contingent Liabilities
- 929
- Book Value per Share
- 43.42
- Face Value
- 10.00
- Total Debt
- 4,36,470
- Net Working Capital
- -7,088
- Contingent Liabilities
- 929
- Book Value per Share
- 43.42
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -19,455 | -27,936 | -41,748 | -62,701 | -89,907 | -64,412 | -28,588 | 7,914 | 8,230 | -27,026 | |
| Cash from Investing | 2 | 2 | 1 | 1 | 0 | -5 | 0 | -8 | -0 | -3 |
| Cash from Financing | 18,250 | 28,027 | 41,749 | 62,697 | 90,202 | 64,266 | 28,644 | -8,046 | -2,572 | 21,560 |
| -1,204 | 92 | 3 | -2 | 296 | -151 | 56 | -140 | 5,658 | -5,469 | |
| Free Cash Flow | -19,455 | -27,936 | -41,748 | -62,701 | -89,941 | -64,419 | -28,589 | 7,914 | 8,229 | -27,033 |
| OCF / Net Profit | -20.83 | -13.92 | -18.52 | -19.64 | -20.36 | -10.58 | -4.64 | 1.23 | 1.27 | -3.86 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,41,782 | -2,86,746 | -2,87,398 | -2,37,736 | -1,66,806 | -1,03,898 |
| OCF / Net Profit | -20.83 | -13.92 | -18.52 | -19.64 | -20.36 | -10.58 | -4.64 | 1.23 | 1.27 | -3.86 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,41,782 | -2,86,746 | -2,87,398 | -2,37,736 | -1,66,806 | -1,03,898 |
Mar 2017
- -19,455
- Cash from Investing
- 2
- Cash from Financing
- 18,250
- -1,204
- Free Cash Flow
- -19,455
- OCF / Net Profit
- -20.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -20.83
- Cumulative 5-Year FCF
- 0
Mar 2018
- -27,936
- Cash from Investing
- 2
- Cash from Financing
- 28,027
- 92
- Free Cash Flow
- -27,936
- OCF / Net Profit
- -13.92
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -13.92
- Cumulative 5-Year FCF
- 0
Mar 2019
- -41,748
- Cash from Investing
- 1
- Cash from Financing
- 41,749
- 3
- Free Cash Flow
- -41,748
- OCF / Net Profit
- -18.52
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -18.52
- Cumulative 5-Year FCF
- 0
Mar 2020
- -62,701
- Cash from Investing
- 1
- Cash from Financing
- 62,697
- -2
- Free Cash Flow
- -62,701
- OCF / Net Profit
- -19.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -19.64
- Cumulative 5-Year FCF
- 0
Mar 2021
- -89,907
- Cash from Investing
- 0
- Cash from Financing
- 90,202
- 296
- Free Cash Flow
- -89,941
- OCF / Net Profit
- -20.36
- Cumulative 5-Year FCF
- -2,41,782
- OCF / Net Profit
- -20.36
- Cumulative 5-Year FCF
- -2,41,782
Mar 2022
- -64,412
- Cash from Investing
- -5
- Cash from Financing
- 64,266
- -151
- Free Cash Flow
- -64,419
- OCF / Net Profit
- -10.58
- Cumulative 5-Year FCF
- -2,86,746
- OCF / Net Profit
- -10.58
- Cumulative 5-Year FCF
- -2,86,746
Mar 2023
- -28,588
- Cash from Investing
- 0
- Cash from Financing
- 28,644
- 56
- Free Cash Flow
- -28,589
- OCF / Net Profit
- -4.64
- Cumulative 5-Year FCF
- -2,87,398
- OCF / Net Profit
- -4.64
- Cumulative 5-Year FCF
- -2,87,398
Mar 2024
- 7,914
- Cash from Investing
- -8
- Cash from Financing
- -8,046
- -140
- Free Cash Flow
- 7,914
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- -2,37,736
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- -2,37,736
Mar 2025
- 8,230
- Cash from Investing
- -0
- Cash from Financing
- -2,572
- 5,658
- Free Cash Flow
- 8,229
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- -1,66,806
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- -1,66,806
Mar 2026
- -27,026
- Cash from Investing
- -3
- Cash from Financing
- 21,560
- -5,469
- Free Cash Flow
- -27,033
- OCF / Net Profit
- -3.86
- Cumulative 5-Year FCF
- -1,03,898
- OCF / Net Profit
- -3.86
- Cumulative 5-Year FCF
- -1,03,898
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.43 | 3.08 | 2.40 | 2.69 | 3.38 | 4.66 | 4.72 | 4.91 | 4.98 | 5.36 |
| Book Value (₹) | 18.40 | 20.78 | 26.68 | 25.50 | 27.48 | 31.37 | 34.19 | 37.63 | 40.30 | 43.42 |
| Dividend per Share (₹) | 0.57 | 0.57 | 0.40 | 0.42 | 1.05 | 1.40 | 1.50 | 1.50 | 1.60 | 2.10 |
| Cash EPS (₹) | 0.01 | 3.08 | 2.40 | 2.69 | 3.38 | 4.67 | 4.73 | 4.91 | 4.98 | 5.37 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 99.72% | 99.67% | 99.56% | 99.51% | 99.28% | 99.41% | 99.61% | 99.49% | 99.43% | 98.84% |
| Net Margin % | 10.32% | 18.22% | 20.25% | 23.78% | 28.00% | 30.00% | 26.00% | 24.06% | 23.95% | 25.69% |
| ROE % | 8.67% | 15.70% | 11.68% | 11.54% | 13.34% | 15.84% | 14.40% | 13.66% | 12.77% | 12.81% |
| ROCE % | 8.30% | 8.23% | 6.38% | 5.76% | 5.02% | 5.12% | 5.29% | 5.73% | 5.83% | 5.64% |
| 0.78% | 1.37% | 1.21% | 1.31% | 1.34% | 1.47% | 1.31% | 1.31% | 1.34% | 1.39% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 8.86x | 9.95x | 6.95x | 7.74x | 9.00x | 9.47x | 9.38x | 8.38x | 7.83x | 7.69x |
| Interest Coverage (x) | 1.31x | 1.30x | 1.35x | 1.31x | 1.39x | 1.43x | 1.35x | 1.32x | 1.32x | 1.35x |
| 0.87x | 0.55x | 5.94x | 7.04x | 8.32x | 11.72x | 8.76x | 0.96x | 1.07x | 0.87x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 20.52% | 21.79% | 1.04% | 20.55% | 17.51% | 28.72% | 16.86% | 12.34% | 1.89% | 0.49% |
| Operating Profit Growth % | 20.79% | 21.73% | 0.94% | 20.48% | 17.24% | 28.88% | 17.09% | 12.25% | 1.81% | 0.07% |
| Net Profit Growth % | 10.03% | 114.96% | 12.33% | 41.57% | 38.35% | 37.90% | 1.27% | 3.97% | 1.40% | 7.80% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.97% | 1.40% | 7.80% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.02x | 24.99x | 16.27x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.78x | 3.09x | 2.01x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.05% | 1.29% | 2.41% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.53x | 21.05x | 20.34x |
Mar 2017
- EPS (₹)
- 1.43
- Book Value (₹)
- 18.40
- Dividend per Share (₹)
- 0.57
- Cash EPS (₹)
- 0.01
- Operating Margin %
- 99.72%
- Net Margin %
- 10.32%
- ROE %
- 8.67%
- ROCE %
- 8.30%
- 0.78%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 8.86x
- Interest Coverage (x)
- 1.31x
- 0.87x
- Revenue Growth %
- 20.52%
- Operating Profit Growth %
- 20.79%
- Net Profit Growth %
- 10.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 3.08
- Book Value (₹)
- 20.78
- Dividend per Share (₹)
- 0.57
- Cash EPS (₹)
- 3.08
- Operating Margin %
- 99.67%
- Net Margin %
- 18.22%
- ROE %
- 15.70%
- ROCE %
- 8.23%
- 1.37%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 9.95x
- Interest Coverage (x)
- 1.30x
- 0.55x
- Revenue Growth %
- 21.79%
- Operating Profit Growth %
- 21.73%
- Net Profit Growth %
- 114.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.40
- Book Value (₹)
- 26.68
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 2.40
- Operating Margin %
- 99.56%
- Net Margin %
- 20.25%
- ROE %
- 11.68%
- ROCE %
- 6.38%
- 1.21%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 6.95x
- Interest Coverage (x)
- 1.35x
- 5.94x
- Revenue Growth %
- 1.04%
- Operating Profit Growth %
- 0.94%
- Net Profit Growth %
- 12.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 2.69
- Book Value (₹)
- 25.50
- Dividend per Share (₹)
- 0.42
- Cash EPS (₹)
- 2.69
- Operating Margin %
- 99.51%
- Net Margin %
- 23.78%
- ROE %
- 11.54%
- ROCE %
- 5.76%
- 1.31%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 7.74x
- Interest Coverage (x)
- 1.31x
- 7.04x
- Revenue Growth %
- 20.55%
- Operating Profit Growth %
- 20.48%
- Net Profit Growth %
- 41.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 3.38
- Book Value (₹)
- 27.48
- Dividend per Share (₹)
- 1.05
- Cash EPS (₹)
- 3.38
- Operating Margin %
- 99.28%
- Net Margin %
- 28.00%
- ROE %
- 13.34%
- ROCE %
- 5.02%
- 1.34%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 9.00x
- Interest Coverage (x)
- 1.39x
- 8.32x
- Revenue Growth %
- 17.51%
- Operating Profit Growth %
- 17.24%
- Net Profit Growth %
- 38.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.66
- Book Value (₹)
- 31.37
- Dividend per Share (₹)
- 1.40
- Cash EPS (₹)
- 4.67
- Operating Margin %
- 99.41%
- Net Margin %
- 30.00%
- ROE %
- 15.84%
- ROCE %
- 5.12%
- 1.47%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 9.47x
- Interest Coverage (x)
- 1.43x
- 11.72x
- Revenue Growth %
- 28.72%
- Operating Profit Growth %
- 28.88%
- Net Profit Growth %
- 37.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.72
- Book Value (₹)
- 34.19
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 4.73
- Operating Margin %
- 99.61%
- Net Margin %
- 26.00%
- ROE %
- 14.40%
- ROCE %
- 5.29%
- 1.31%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 9.38x
- Interest Coverage (x)
- 1.35x
- 8.76x
- Revenue Growth %
- 16.86%
- Operating Profit Growth %
- 17.09%
- Net Profit Growth %
- 1.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 4.91
- Book Value (₹)
- 37.63
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 4.91
- Operating Margin %
- 99.49%
- Net Margin %
- 24.06%
- ROE %
- 13.66%
- ROCE %
- 5.73%
- 1.31%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 8.38x
- Interest Coverage (x)
- 1.32x
- 0.96x
- Revenue Growth %
- 12.34%
- Operating Profit Growth %
- 12.25%
- Net Profit Growth %
- 3.97%
- 3.97%
- P/E (x)
- 29.02x
- P/B (x)
- 3.78x
- Dividend Yield %
- 1.05%
- 22.53x
Mar 2025
- EPS (₹)
- 4.98
- Book Value (₹)
- 40.30
- Dividend per Share (₹)
- 1.60
- Cash EPS (₹)
- 4.98
- Operating Margin %
- 99.43%
- Net Margin %
- 23.95%
- ROE %
- 12.77%
- ROCE %
- 5.83%
- 1.34%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 7.83x
- Interest Coverage (x)
- 1.32x
- 1.07x
- Revenue Growth %
- 1.89%
- Operating Profit Growth %
- 1.81%
- Net Profit Growth %
- 1.40%
- 1.40%
- P/E (x)
- 24.99x
- P/B (x)
- 3.09x
- Dividend Yield %
- 1.29%
- 21.05x
Mar 2026
- EPS (₹)
- 5.36
- Book Value (₹)
- 43.42
- Dividend per Share (₹)
- 2.10
- Cash EPS (₹)
- 5.37
- Operating Margin %
- 98.84%
- Net Margin %
- 25.69%
- ROE %
- 12.81%
- ROCE %
- 5.64%
- 1.39%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 7.69x
- Interest Coverage (x)
- 1.35x
- 0.87x
- Revenue Growth %
- 0.49%
- Operating Profit Growth %
- 0.07%
- Net Profit Growth %
- 7.80%
- 7.80%
- P/E (x)
- 16.27x
- P/B (x)
- 2.01x
- Dividend Yield %
- 2.41%
- 20.34x
Documents
Announcements
- Appointment
2026-08-20 - Indian Railway Finance Corporation Limited has informed the Exchange regarding Appointment of Mrs Manjula Mishra as Non- Executive Independent Director of the company w.e.f. August 20, 2026.
- Appointment
2026-08-20 - Indian Railway Finance Corporation Limited has informed the Exchange regarding Appointment of Mr Pradeep Ahlawat as Non- Executive Independent Director of the company w.e.f. August 20, 2026.
Annual Reports
Nothing filed yet.
Credit Ratings
- Credit Rating- Revision
2025-08-14 - Indian Railway Finance Corporation Limited has informed the Exchange about Credit Rating- Revision
Concalls
Jul 2026
May 2026
Jan 2026