IFCI Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 15, 2026
- Posted by: Ankit Jaiswal
- Category: News
IFCI Rs 64.28 (5 Oct 2026 close). 52-week range Rs 46.23 to Rs 107.50. Q1 FY27 profit Rs 60.27 cr, down 3%. NSE IPO proxy.
Quick Answer
The IFCI share price target for 2026 is Rs 63 to Rs 76, which is between 2 percent below and 18 percent above the last close of Rs 64.28, with bull and bear cases of Rs 90 to Rs 103 and Rs 46 to Rs 53. IFCI reported Q1 FY27 consolidated profit of Rs 60.27 crore, down 3 percent, on revenue of Rs 327 crore, but the stock mostly trades as a proxy for NSE through its 52 percent stake in Stock Holding Corporation of India. The stock hit Rs 107.50 after SEBI cleared the NSE IPO on 4 September, fell about 39 percent in four weeks, and trades at 1.9 times book value with a return on equity of only 2 percent. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario.
The IFCI share price target for 2026 is Rs 63 to Rs 76 in the Univest base case, with the stock at Rs 64.28 at the 5 October 2026 close. That is 40.2 percent below its 52-week high of Rs 107.50 and 39.0 percent above its 52-week low of Rs 46.23, and the stock moved up 11.2 percent over the past year. IFCI is a state-owned non-banking finance company that holds about 52 percent of Stock Holding Corporation of India (SHCIL), which in turn owns about 4.4 percent of NSE. Debt to equity is 0.39 and the company pays no dividend.
Three things changed since the last update: Q1 FY27 results on 12 August showed profit down 3 percent, the stock peaked at Rs 107.45 on 4 September after SEBI cleared the NSE IPO, and it fell 4.5 percent on 28 September when newly listed NSE shares slipped below their issue price. This IFCI stock analysis covers the IFCI share price today, the IFCI share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a IFCI buy or sell view.
Click Here – Get Free Investment Predictions
What Is the IFCI Share Price Target for 2026?
The 2026 target for IFCI shares is Rs 63 to Rs 76 in the Univest base case, which is -2.0% to +18.2% against the last close. The bull case is Rs 90 to Rs 103 and the bear case is Rs 46 to Rs 53. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
IFCI Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E Book Value | Target Multiple | Price Target (Rs) | Move vs Rs 64.28 |
|---|---|---|---|---|
| Bull Case | Rs 33.2 | 2.7x to 3.1x | 90 to 103 | +40.0% to +60.2% |
| Base Case | Rs 33.2 | 1.9x to 2.3x | 63 to 76 | -2.0% to +18.2% |
| Bear Case | Rs 33.2 | 1.4x to 1.6x | 46 to 53 | -28.4% to -17.5% |
IFCI earns very little for its size, so the ranges are built on price to book value, using a Univest book value assumption of Rs 33.20 per share for FY28 and a multiple that moves with the NSE listing mood. The base case of 1.9 to 2.3 times is close to where the stock trades today, and the bull case needs the NSE stake to be re-rated. The PE multiple of 39.9 times rests on a tiny profit, so the table uses price to book in place of an EPS estimate, and the book value is a Univest assumption, not company guidance. Those assumptions set the IFCI share price target range around the current price.
IFCI Company Overview and Share Price Today as of 5 October 2026
IFCI share price today is Rs 64.28 on the NSE at the 5 October 2026 close, before the market opened on 6 October. The market capitalisation is Rs 17,322 crore, and the stock trades at 39.9 times earnings against an industry average of 17.6 times, so the valuation rests on the NSE stake. The Univest base case IFCI share price target of Rs 63 to Rs 76 is -2.0% to +18.2% from here. The table below sets out the key numbers behind the IFCI share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | IFCI | BSE code 500106 |
| Sector | Non-banking finance (state-owned) | Per Univest sector classification |
| Last Close (NSE) | Rs 64.28 | 5 Oct 2026 close |
| 52-Week High | Rs 107.50 | CMP is 40.2% below |
| 52-Week Low | Rs 46.23 | CMP is 39.0% above |
| 1-Year Return | About +11% | Weekly close Rs 57.81 on 10 Oct 2025 to Rs 64.28 |
| Market Capitalisation | Rs 17,322 crore | Small cap state-owned lender |
| Trailing P/E | About 39.9x (not comparable) | Industry P/E about 17.61x |
| P/B Ratio | About 1.94x | Book value Rs 33.20 per share |
| EPS (TTM) | Rs 1.61 | Trailing twelve months |
| Return on Equity | About 2.0% | Debt to equity 0.39 |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 63 to Rs 76 | Univest base case |
| Bull Case | Rs 90 to Rs 103 | +40.0% to +60.2% |
| Bear Case | Rs 46 to Rs 53 | -28.4% to -17.5% |
Track live price, fundamentals and results for IFCI on the Univest Screener.
How Did IFCI Perform in Q1 FY27?
IFCI reported Q1 FY27 consolidated net profit of Rs 60.27 crore, down 3 percent from Rs 62.43 crore, as revenue from operations fell to Rs 327 crore from Rs 407 crore. EBITDA margin improved to 52.7 percent from 47.3 percent. Together these Q1 FY27 numbers anchor the IFCI share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Net Profit (Consolidated) | Rs 60.27 crore | Down 3% from Rs 62.43 crore |
| Revenue from Operations | Rs 327 crore | Down from Rs 407 crore |
| EBITDA Margin | 52.7% | Up from 47.3% a year ago |
| EPS (TTM) | Rs 1.61 | Return on equity 2.0% |
| Book Value per Share | Rs 33.20 | Price to book 1.94x |
| Stake in SHCIL | About 52% | SHCIL holds about 4.4% of NSE |
The operating business is small, so the share price follows news on the NSE listing and the value of the SHCIL stake. The results were released on 12 August 2026 and the stock has moved far more on NSE headlines than on earnings. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the IFCI share price target.
Why Did IFCI Share Price Fall 40 Percent From Its September High?
IFCI shares rose to Rs 107.50 in the week of 31 August 2026 on volume of 107 crore shares after SEBI cleared the NSE IPO on 4 September. They then fell 19 percent in the week of 7 September as traders booked profits and the NSE grey market premium dropped from about Rs 285 to Rs 223.
The slide continued, with a 4.5 percent fall to Rs 70.65 on 28 September when newly listed NSE shares slipped below their IPO price. The stock closed at Rs 64.28, up 11 percent in a year but down 40 percent from the high. The IFCI share price target scenarios below account for that move.
Key Catalysts for the IFCI Share Price Target in 2026
4 catalysts matter most for the IFCI share price target, and sector tailwinds in Non-banking finance (state-owned) are part of the case. Together they decide whether the base case is reached.
1. NSE Listing Performance
SHCIL owns about 4.4 percent of NSE and IFCI owns 52 percent of SHCIL. Brokerages such as Macquarie, Emkay and PL Capital have put NSE targets between Rs 1,950 and Rs 2,050, so a recovery in NSE would help IFCI. If it plays out, the IFCI share price target moves toward the top of the base range.
2. EBITDA Margin
EBITDA margin rose to 52.7 percent from 47.3 percent. Cost control helps, though revenue fell. Strength here would support the upper end of the IFCI share price target.
3. Asset Monetisation
Selling stakes or land at a premium to book would lift book value. IFCI has used disinvestment in the past. Delivery on this point keeps the IFCI share price target on track.
4. Government Support
As a state-owned lender IFCI has access to government backing. That lowers funding risk. Better news here would lift the IFCI share price target toward the bull case.
What Are the Key Risks to the IFCI Share Price Target?
The main risks are a weak NSE listing, thin earnings, a high multiple for a low return on equity and heavy trading swings. Each can pull the IFCI share price target lower.
Weak NSE Listing
NSE shares slipped below their issue price on 28 September and IFCI fell 4.5 percent. A longer slump in NSE would weaken the stock. If it materialises, the IFCI share price target would slip toward the bear case.
Thin Earnings
Return on equity is only 2 percent and profit is under Rs 70 crore a quarter. The price rests on one stake, not on lending profit. This is the main downside risk to the IFCI share price target.
High Multiple
Trailing PE is 39.9 times against 17.6 times for the industry. A fall to 1.4 times book value would put the price near Rs 46. A worsening here would cut the IFCI share price target toward the low end of the range.
Trading Swings
The stock moved 13 percent up, then 19 percent down in two weeks. Volume of over 100 crore shares in a week shows heavy speculation. Watch it closely, because it can pull the IFCI share price target lower quickly.
IFCI Stock Analysis: Support and Resistance Levels for the Share Price Target
IFCI stock analysis on weekly charts shows a range of Rs 60 to Rs 74 since late September, with the stock near the lower end.
The first support level is Rs 63.90 to Rs 64.25, the lows of the weeks of 5 October and 28 September. Below that, Rs 60.60 is the next low, and a weekly close under Rs 63.90 would weaken the base.
The first resistance level is Rs 66.90, the high of the week of 5 October. Above that, Rs 73.85 is the high of the week of 28 September and Rs 80 to Rs 84 marks the early-September breakdown zone. These levels come from weekly price action, are not trade recommendations, and frame the near-term IFCI share price target.
IFCI Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term IFCI Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 60 and Rs 74, from the low of the week of 28 September to its high. A close above Rs 66.90 would put Rs 73.85 in play, while a weekly close under Rs 63.90 would put Rs 60.60 in play. NSE news and the Q2 FY27 results are the main triggers. This range anchors the near-term IFCI share price target.
12-Month and 2027 IFCI Share Price Target
The 12-month target price is Rs 63 to Rs 76, valued on 1.9 to 2.3 times FY28 book value of Rs 33.2. The range across scenarios runs from Rs 46 in the bear case to Rs 103 in the bull case.
Long-Term IFCI Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 92 to Rs 135. This assumes book value of Rs 40 in FY29 and Rs 45 in FY30 and a multiple of 2.3 to 3 times. It needs the NSE listing gains to flow through SHCIL and book value to grow steadily. This is the long-term IFCI share price target in the Univest scenarios.
Bull Case and Bear Case for IFCI Share Price Target
Bull Case Rs 90 to Rs 103
The bull case of Rs 90 to Rs 103 for the IFCI share price target needs book value of Rs 33.2 and the market to pay 2.7 to 3.1 times for it. It is +40.0% to +60.2% from the last close.
Bear Case Rs 46 to Rs 53
The bear case of Rs 46 to Rs 53 for the IFCI share price target equals 1.4 to 1.6 times FY28 book value of Rs 33.2 and sits near the Rs 46.23 low. It is -28.4% to -17.5% from the last close.
Is IFCI a Good Buy at Rs 64.28? IFCI Buy or Sell View
Whether IFCI is a buy at Rs 64.28 depends on horizon and risk appetite. The base case sits between 2 percent below and 18 percent above the current price, the stock trades at 1.9 times book value, and the open question is how much the NSE stake is worth. The IFCI share price target range is the starting point for that decision.
Long-term holders may focus on the NSE stake, book value growth and asset sales, and treat Rs 63.90 as the level to watch. Short-term traders may prefer to wait for a close above Rs 66.90. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this IFCI buy or sell view is educational.
How to Invest in IFCI Shares
Step 1: Check the live price, valuation and the latest IFCI share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any IFCI share price target.
Step 3: Search for IFCI on the NSE or 500106 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 46 is bearable.
Step 5: Track NSE share price, SHCIL stake value and Q2 FY27 results and set price alerts on the Univest App to follow any change in the IFCI share price target.
Conclusion
IFCI closed at Rs 64.28 against a Univest base case share price target of Rs 63 to Rs 76, a bull case of Rs 90 to Rs 103 and a bear case of Rs 46 to Rs 53. Q1 FY27 delivered profit of Rs 60.27 crore, down 3 percent, with EBITDA margin at 52.7 percent. The main risks are a weak NSE listing, thin earnings and a high multiple.
The stock is 40.2 percent below its 52-week high, so the base case sits between 2 percent below and 18 percent above the current price. The triggers to watch are NSE share price, SHCIL stake value and Q2 FY27 results and the Rs 63.90 and Rs 66.90 levels. Re-check the IFCI share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track IFCI live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on IFCI Share Price Target 2026
What is the IFCI share price target for 2026?
Ans. The IFCI share price target for 2026 is Rs 63 to Rs 76 in the Univest base case, with a bull case of Rs 90 to Rs 103 and a bear case of Rs 46 to Rs 53. No brokerage target was available on the sources we track as of 5 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the IFCI share price target for 2027?
Ans. The IFCI share price target for 2027 is Rs 63 to Rs 76 in the base case, valued on 1.9 to 2.3 times FY28 book value of Rs 33.2. The scenario range runs from Rs 46 to Rs 103.
Is IFCI a good buy at Rs 64.28?
Ans. Whether IFCI is a good buy at Rs 64.28 depends on your horizon, risk appetite and how you read the IFCI share price target. The stock is tied to the NSE listing and earnings are thin, so it suits traders who follow NSE news more than long-term investors. Consult a SEBI-registered advisor before investing.
What are the key risks to the IFCI share price target?
Ans. The key risks to the IFCI share price target are weak nse listing, thin earnings, high multiple and trading swings. NSE shares slipped below their issue price on 28 September and IFCI fell 4.5 percent. A longer slump in NSE would weaken the stock.
What are the key catalysts for the IFCI share price target?
Ans. The key catalysts for the IFCI share price target are nse listing performance, ebitda margin, asset monetisation and government support. SHCIL owns about 4.4 percent of NSE and IFCI owns 52 percent of SHCIL. Brokerages such as Macquarie, Emkay and PL Capital have put NSE targets between Rs 1,950 and Rs 2,050, so a recovery in NSE would help IFCI.
Where can I track IFCI share price today and IFCI share price target updates?
Ans. You can track the live IFCI share price, results and any change to the IFCI share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are IFCI’s 52-week high and low?
Ans. IFCI’s 52-week high is Rs 107.50 and its 52-week low is Rs 46.23, based on weekly NSE data. At Rs 64.28 the stock is 40.2 percent below the high and 39.0 percent above the low. Both levels frame the IFCI share price target.
How to buy IFCI shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for IFCI on the NSE or 500106 on the BSE, and place a limit order near your entry price, using the IFCI share price target range as a guide. Size the position so a fall to Rs 46 is bearable, and check the live price on the Univest Screener first.
