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Indian Railway Finance Valuation Multiples
Discover revenue and EBITDA valuation multiples for Indian Railway Finance and similar public comparables like Daqin Railway, Alstom, Hyundai Rotem, Zhuzhou CRRC Times and more.
Indian Railway Finance Overview
About Indian Railway Finance
Indian Railway Finance Corp Ltd is engaged in the business of borrowing funds from the financial markets to finance the acquisition/creation of assets, which are then leased out to the Indian Railways or any entity under the Ministry of Railways. Its only operating segment is Leasing and Finance. The company generates maximum revenue from Lease Income.
Founded
1986
HQ
Employees
45
Website
Financials (LTM)
EV
$60B
Indian Railway Finance Financials
Indian Railway Finance reported last 12-month revenue of $783M.
In the same LTM period, Indian Railway Finance generated $765M in net income.
Revenue (LTM)
Indian Railway Finance P&L
In the most recent fiscal year, Indian Railway Finance reported revenue of $3B and EBITDA of $2B.
Indian Railway Finance expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $783M | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBITDA | — | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBIT Margin | 98% | XXX | 53% | XXX | XXX | XXX |
| Net Profit | $765M | XXX | $765M | XXX | XXX | XXX |
| Net Margin | 98% | XXX | 26% | XXX | XXX | XXX |
| Net Debt | — | — | $44B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Indian Railway Finance Stock Performance
Indian Railway Finance has current market cap of $15B, and enterprise value of $60B.
Market Cap Evolution
Indian Railway Finance's stock price is $1.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $60B | $15B | 0.4% | XXX | XXX | XXX | $0.06 |
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Indian Railway Finance trades at 76.8x EV/Revenue multiple, and 38.1x EV/EBITDA.
EV / Revenue (LTM)
Indian Railway Finance Financial Valuation Multiples
As of March 7, 2026, Indian Railway Finance has market cap of $15B and EV of $60B.
Equity research analysts estimate Indian Railway Finance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Indian Railway Finance has a P/E ratio of 19.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $60B | XXX | $60B | XXX | XXX | XXX |
| EV/Revenue | 76.8x | XXX | 20.4x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 38.1x | XXX | XXX | XXX |
| EV/EBIT | 78.7x | XXX | 38.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 37.8x | XXX | XXX | XXX |
| P/E | 19.2x | XXX | 19.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 67.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Indian Railway Finance Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Indian Railway Finance Margins & Growth Rates
Indian Railway Finance's revenue in the last fiscal year grew by 1%.
Indian Railway Finance's revenue per employee in the last FY averaged $17.4M, while opex per employee averaged $0.4M for the same period.
Indian Railway Finance Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 4% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $17.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | 2% | XXX | 1% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Indian Railway Finance Public Comps
See public comps and valuation multiples for other Government & Public Entities and Railways comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Daqin Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| Alstom | XXX | XXX | XXX | XXX | XXX | XXX |
| Hyundai Rotem | XXX | XXX | XXX | XXX | XXX | XXX |
| Zhuzhou CRRC Times | XXX | XXX | XXX | XXX | XXX | XXX |
| JR West | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Indian Railway Finance M&A Activity
Indian Railway Finance acquired XXX companies to date.
Last acquisition by Indian Railway Finance was on XXXXXXXX, XXXXX. Indian Railway Finance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Indian Railway Finance
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIndian Railway Finance Investment Activity
Indian Railway Finance invested in XXX companies to date.
Indian Railway Finance made its latest investment on XXXXXXXX, XXXXX. Indian Railway Finance invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Indian Railway Finance
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Indian Railway Finance
| When was Indian Railway Finance founded? | Indian Railway Finance was founded in 1986. |
| Where is Indian Railway Finance headquartered? | Indian Railway Finance is headquartered in India. |
| How many employees does Indian Railway Finance have? | As of today, Indian Railway Finance has over 45 employees. |
| Who is the CEO of Indian Railway Finance? | Indian Railway Finance's CEO is Manoj Kumar Dubey. |
| Is Indian Railway Finance publicly listed? | Yes, Indian Railway Finance is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Indian Railway Finance? | Indian Railway Finance trades under IRFC ticker. |
| When did Indian Railway Finance go public? | Indian Railway Finance went public in 2021. |
| Who are competitors of Indian Railway Finance? | Indian Railway Finance main competitors are Daqin Railway, Alstom, Hyundai Rotem, Zhuzhou CRRC Times. |
| What is the current market cap of Indian Railway Finance? | Indian Railway Finance's current market cap is $15B. |
| What is the current revenue of Indian Railway Finance? | Indian Railway Finance's last 12 months revenue is $783M. |
| What is the current EV/Revenue multiple of Indian Railway Finance? | Current revenue multiple of Indian Railway Finance is 76.8x. |
| Is Indian Railway Finance profitable? | Yes, Indian Railway Finance is net-income-positive (as of the last 12 months). |
| What is the current net income of Indian Railway Finance? | Indian Railway Finance's last 12 months net income is $765M. |
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