Power Finance Corporation share price
NSE: PFCBSE: 532810FinanceLarge Cap
Power Finance Corporation Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 2007
Last close ₹315.60down ₹2.70 (0.85%)BSE ₹314.80
Share price at the NSE close on 27 Oct 2026. Previous close ₹318.30.
27 Oct: open ₹317.70, high ₹318.95, low ₹310.70
52-week range of traded prices to 27 Oct 2026
₹310.30Low, 26 Oct 2026₹486.50High, 28 Apr 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,04,151 Cr68th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 4.00
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.78
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 5.94%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 20.8%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 3.83%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 7.00%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- −0.14%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.78%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 7.37times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 94,77,30553.2% delivered
About Power Finance Corporation
Power Finance Corporation Limited (PFC) is a non-banking financial company (a lender that is not a bank) that finances India's power sector from its headquarters in New Delhi.123 It lends across generation, transmission, energy storage, distribution reform and green hydrogen, and to wider infrastructure and logistics beyond core power.34
PFC holds 52.63% of REC Limited, an infrastructure finance company that also funds power projects across India.5 It wholly owns PFC Consulting Limited, a power-sector consultancy, and PFC Infra Finance IFSC Limited, set up at GIFT City in Gujarat in 2024 to finance power and infrastructure projects in India and overseas in foreign currency.6 It says that, through project companies, it prepares the government's Ultra Mega Power Projects (very large power plants), securing clearances, land, water and coal links so that developers can build them faster.5
It was set up in 1986 to fund India's power sector, and calls itself the first Maharatna (the government's highest grade of state-owned company) in financial services.37 The Government of India is the majority shareholder, and as a central public sector undertaking all its directors are appointed by the President of India through the Ministry of Power.78 Parminder Chopra, its Chairman and Managing Director, is the first woman to hold the post.9
Power Finance Corporation key points
Results
- Consolidated profit after tax (PFC and its subsidiaries together) rose 10% to ₹33,625 crore in the year to Mar 2026.1011
- On a standalone basis (PFC alone), profit after tax rose 16% to ₹20,051 crore in the year to Mar 2026, crossing ₹20,000 crore for the first time.1213
- The board recommended a dividend of ₹18.55 per share for the year to Mar 2026, the highest in the company's history.14
Market position
- The company says PFC was India's highest profit-making NBFC in the year to Mar 2026, and that the PFC group, with a consolidated balance sheet of around ₹12 lakh crore, is India's largest NBFC group.10
- PFC says its financing has supported about 50% of India's installed power capacity and about 24% of the country's non-fossil capacity.1516
Loan book and deposits
- PFC's loan assets grew to ₹5.80 lakh crore by the end of March 2026, with disbursements (new loans paid out) of about ₹1.65 lakh crore during the year. Its capital adequacy ratio (capital held against risk-weighted loans) was 23.44%.17
- PFC's consolidated gross loan assets grew 5% in the year to Mar 2026.18
- Gross NPAs (loans on which the borrower has stopped paying) were 0.66% of gross loans at the end of March 2026, against 1.64% a year earlier; net NPAs, after provisions, were 0.13% against 0.38%.19
- PFC's renewable energy loans rose about 11.2% to ₹90,135 crore at the end of March 2026, from ₹81,031 crore a year earlier. They are 32% of its generation loan book and support nearly 66 GW of renewable capacity.20
Role in government schemes
- PFC is a nodal agency (the body that appraises, sanctions and monitors projects) for the government's Revamped Distribution Sector Scheme, which funds network upgrades and smart meters for state power distribution companies; it covers 17 States and Union Territories.2122
- In its states, projects with an approved cost of ₹1,23,118 crore had been sanctioned for 24 distribution utilities in 13 States by the end of March 2026; the government has extended the scheme to March 2028.2321
- PFC is also the nodal agency for the Late Payment Surcharge Rules, 2022, which govern the settlement of overdue payments owed to power generators, transmission licensees and electricity traders.22
- Its subsidiary PFC Consulting is the Ministry of Power's bid process coordinator for independent transmission projects: it surveys routes and runs the bidding to select a developer. PFC Consulting incorporated 13 project companies in the year to Mar 2026.2425
Borrowing and funding
- PFC raised over $600 million from development finance agencies in the year to Mar 2026; its lenders include the Japan Bank for International Cooperation, which provided a 60 billion yen loan.26
- PFC secured a $180 million facility from Citi backed by a guarantee from Export Finance Australia, that agency's first transaction in India.27
- Its public issue of secured non-convertible debentures (bonds that cannot be turned into shares) for retail and institutional investors ran from 16 Jan 2026 to 30 Jan 2026; such public issues raised ₹600.77 crore in the year to Mar 2026.2829
Recent events
- On 19 Oct 2026, the company received no-objection letters from BSE and NSE for the scheme to merge REC Limited into PFC; as of that filing, the scheme remained subject to other approvals, including those of both companies' shareholders and creditors.30
- On 15 Oct 2026, the company reported receipt of the Reserve Bank of India's no-objection certificate for the merger, subject to conditions.31
- On 28 Jun 2026, the boards of PFC and REC approved the scheme of merger, under which REC shareholders would get 88 PFC shares for every 100 REC shares; the President of India's approval of the proposal had been conveyed on 10 Jun 2026.3233
- PFC Infra Finance IFSC Limited, the GIFT City subsidiary, began lending on 27 Apr 2026.24
Litigation and regulatory matters
- NSE and BSE imposed penalties totalling ₹2.88 crore on PFC under SEBI's listing rules on board and committee composition; as of the end of March 2026, ₹2.64 crore had been waived, none was pending and a decision on ₹8.41 lakh was awaited.34
- The company stated in its annual report for the year to Mar 2026 that it had complied with SEBI's listing rules and the government's governance guidelines for public sector companies, except for appointing the required number of independent directors.35
Last updated
All 35 sources, each with its page
- 1. Annual report, 8 Aug 2026, page 310
- 2. Annual report, 8 Aug 2026, page 104
- 3. Annual report, 8 Aug 2026, page 3
- 4. Annual report, 8 Aug 2026, page 16
- 5. Annual report, 8 Aug 2026, page 10
- 6. Annual report, 8 Aug 2026, page 68
- 7. Annual report, 8 Aug 2026, page 8
- 8. Annual report, 8 Aug 2026, page 120
- 9. Annual report, 8 Aug 2026, page 230
- 10. Annual report, 8 Aug 2026, page 36
- 11. Annual report, 8 Aug 2026, page 58
- 12. Annual report, 8 Aug 2026, page 36
- 13. Annual report, 8 Aug 2026, page 58
- 14. Annual report, 8 Aug 2026, page 38
- 15. Annual report, 8 Aug 2026, page 8
- 16. Annual report, 8 Aug 2026, page 32
- 17. Annual report, 8 Aug 2026, page 36
- 18. Annual report, 8 Aug 2026, page 58
- 19. Annual report, 8 Aug 2026, page 58
- 20. Annual report, 8 Aug 2026, page 92
- 21. Annual report, 8 Aug 2026, page 70
- 22. Annual report, 8 Aug 2026, page 89
- 23. Annual report, 8 Aug 2026, page 70
- 24. Annual report, 8 Aug 2026, page 68
- 25. Annual report, 8 Aug 2026, page 72
- 26. Annual report, 8 Aug 2026, page 210
- 27. Annual report, 8 Aug 2026, page 210
- 28. Annual report, 8 Aug 2026, page 200
- 29. Annual report, 8 Aug 2026, page 310
- 30. Exchange filing, 19 Oct 2026, page 1
- 31. Exchange filing, 15 Oct 2026, page 1
- 32. Annual report, 8 Aug 2026, page 58
- 33. Annual report, 8 Aug 2026, page 80
- 34. Annual report, 8 Aug 2026, page 148
- 35. Annual report, 8 Aug 2026, page 128
Results
Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Power Finance Corporation quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +4.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +7.1%
Quarter to Jun 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹28,527 Crdown 1.36%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹8,998 Crup 4.66%
Income from operations by quarter
Peak income from operations ₹29,265 Cr, quarter to Mar 2025; lowest ₹25,722 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 25,722 | 26,798 | 29,265 | 28,539 | 28,890 | 29,095 | 28,920 | 28,527 |
| Net profit | 7,215 | 7,760 | 8,358 | 8,981 | 7,834 | 8,212 | 8,598 | 8,998 |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,15,444 Crup 8.40%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹33,625 Crup 10.20%
Income from operations by year
Peak income from operations ₹1,15,444 Cr, year to Mar 2026; lowest ₹26,976 Cr, year to Mar 2018
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 27,290 | 26,976 | 54,114 | 62,189 | 71,656 | 76,262 | 77,568 | 91,097 | 1,06,502 | 1,15,444 |
| Net profit | 2,236 | 5,844 | 12,640 | 9,477 | 15,716 | 18,768 | 21,179 | 26,461 | 30,514 | 33,625 |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Lending to Power and Infrastructure, which carries all its revenue.
Valuation
Today, against the company's own history.Power Finance Corporation PE ratio and valuation
Price to earnings
At or below today's level on 45% of 2,167 trading days over the last 10 years.
LowestHighest
Its median4.33Industry median14.23
Price to book
At or below today's level on 54% of 1,752 trading days since Jul 2019.
LowestHighest
Its median0.67Industry median1.78
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 58% of 2,465 trading days over the last 10 years.
LowestHighest
Its median4.37%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −3.5% | +12.7% | −18.7% | 4.9% |
| 3 years | +50.3% | +17.7% | +24.2% | 4.1% |
| 5 years | +39.4% | +17.1% | +13.6% | 6.3% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
238 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 125 of the 142 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 238 funds holding Power Finance Corporation
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 8
- AddedAdded. Funds that held more shares than at the end of the month before.
- 100
- CutCut. Funds that held fewer shares than at the end of the month before.
- 42
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 85
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 17
| Fund | |||
|---|---|---|---|
 Kotak Multi Cap FundKotak Mahindra Mutual Fund | 2,10,84,983 | 2.26% | ₹686.3 Cr |
 HDFC Balanced Advantage FundHDFC Mutual Fund | 1,85,00,000 | 0.59% | ₹602.2 Cr |
| Kotak Arbitrage FundKotak Mahindra Mutual Fund | 1,84,97,700 | 0.80% | ₹602.1 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 1,84,44,099 | 1.20% | ₹600.4 Cr |
 Invesco India Arbitrage FundInvesco Mutual Fund | 1,65,41,200 | 1.77% | ₹538.4 Cr |
 ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 1,64,61,900 | 1.51% | ₹535.8 Cr |
 SBI Arbitrage FundSBI Mutual Fund | 1,25,69,700 | 0.88% | ₹409.1 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 1,02,62,123 | 0.93% | ₹334.0 Cr |
| Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund | 93,49,910 | 2.00% | ₹304.3 Cr |
| Nippon India ELSS Tax Saver FundNippon India Mutual Fund | 91,11,111 | 2.10% | ₹296.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Power Finance Corporation competitors and peers
Financial Institution, 7 listed companies, priced on 27 Oct 2026. The table lists the 6 companies closest to Power Finance Corporation in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 Indian Railway Finance CorporationIRFC | 97,439 | 13.22 | 1.61 | +12.5% | +7.9% | 12.6% | – | 1.39% | −4.92% | 2.95% |
 Housing & Urban Development CorporationHUDCO | 28,693 | 6.74 | 1.31 | +25.9% | +53.0% | 21.3% | – | 2.73% | 2.89% | 4.29% |
 Indian Renewable Energy Development AgencyIREDA | 28,008 | 14.23 | 1.95 | – | – | 14.4% | – | 2.16% | 3.92% | 1.35% |
 IFCIIFCI | 15,910 | 91.20 | 1.78 | +4.8% | – | 2.0% | 4.6% | – | – | 0.00% |
 Tourism Finance Corporation of IndiaTFCILTD | 7,178 | 46.58 | 5.46 | +14.8% | +41.4% | 12.2% | – | 5.47% | 6.89% | 0.39% |
 Gujarat State Financial corporationGUJSTATFIN | 76 | – | – | +7.8% | – | – | – | −56.12% | −65.65% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Dividends
Per share, by the year it was paid for, and the latest payments.Power Finance Corporation dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹18.55 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 27 Aug 2026 | Interim | ₹3.90 |
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹3.95 |
| 23 Mar 2026 | Interim | ₹3.25 |
| 20 Feb 2026 | Interim | ₹4.00 |
| 26 Nov 2025 | Interim | ₹3.65 |
| 18 Aug 2025 | Interim | ₹3.70 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Power Finance Corporation announcements
Oct 2026
Power Finance Corporation share price by year
Each calendar year to 2025.Power Finance Corporation share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 355.40 | −20.8% | 464.80 | 335.05 |
| 2024 | 448.50 | +17.2% | 570.60 | 361.50 |
| 2023 | 382.60 | +238.8% | 423.10 | 108.60 |
| 2022 | 112.92 | +17.9% | 117.00 | 78.64 |
| 2021 | 95.80 | +4.8% | 120.64 | 83.80 |
| 2020 | 91.44 | −3.1% | 105.80 | 59.88 |
| 2019 | 94.32 | +9.8% | 109.16 | 73.20 |
| 2018 | 85.88 | −11.8% | 102.28 | 54.60 |
| 2017 | 97.40 | −0.2% | 133.24 | 92.20 |
| 2016 | 97.56 | +21.1% | 108.16 | 57.56 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 315.60 | 320.60 | 310.30 | 318.30 | 317.62 | 71,49,748 | 52.5% |
| 23 Oct 2026 | 326.90 | 329.00 | 312.75 | 316.00 | 316.50 | 85,62,944 | 51.8% |
| 22 Oct 2026 | 325.20 | 326.90 | 320.05 | 326.90 | 324.31 | 80,21,067 | 54.7% |
| 21 Oct 2026 | 331.60 | 333.85 | 324.55 | 328.40 | 327.22 | 64,24,412 | 50.4% |
| 19 Oct 2026 | 334.20 | 337.55 | 330.30 | 332.40 | 334.50 | 78,92,261 | 56.7% |
| 16 Oct 2026 | 345.20 | 345.55 | 333.25 | 333.25 | 339.32 | 1,75,25,330 | 68.8% |
| 15 Oct 2026 | 344.50 | 348.00 | 341.65 | 342.30 | 344.08 | 70,33,911 | 53.7% |
| 14 Oct 2026 | 342.05 | 349.50 | 339.25 | 344.50 | 345.22 | 1,06,14,177 | 59.8% |
| 13 Oct 2026 | 335.60 | 343.50 | 334.30 | 342.05 | 336.66 | 2,02,14,466 | 78.4% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jun 2024 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 21 Sep 2023 | Bonus | 0.8000 | Holders received 1 bonus share for every 4 held. |
| 26 Aug 2016 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.
Company details
- NSE symbol
- PFC
- BSE code
- 532810
- ISIN
- INE134E01011
- Industry
- Finance
- Website
- www.pfcindia.com
- CIN
- L65910DL1986GOI024862
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1986
- Registered office
- Urjanidhi, 1 Barakhamba Lane, Connaught Place, New Delhi 110001, Delhi
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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