PFC · NSE · Financial Institution
Power Finance Corporation Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
cheap
low confidence
No valuation within 120 days; P/E 4.2 vs peers 21.4 (1st of 25); P/B 1.2 vs peers 2.6 (5th of 25).
Statements through FY2026Prices adjusted for 2 corporate actionsNot yet reviewed by the adversarial model
What is Power Finance Corporation's share price today?
Power Finance Corporation last traded at ₹337.90 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 3.1% on the day, down 18.7% over a year. Its 52-week range is ₹313 to ₹486. The live price is in the app.
₹337.90
+3.1% today
−18.7% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range14% of the way up
Low ₹313High ₹486
What is Power Finance Corporation's market cap?
Power Finance Corporation's market capitalisation is about ₹1.08 lakh crore: what it would cost to buy every share at today's price. That makes it the 90th largest large cap company we cover.
₹1.1 L Cr
Large Cap90th largest large cap company
Share price₹337.90
×
Shares in issue320 crore
=
Market cap₹1.1 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: PFC
- ISIN
- INE134E01011
- Cap bucket
- Large Cap, 90th largest by market cap
- Industry (NSE)
- Financial Services › Finance › Financial Institution
- Listed since
- 2007
- Futures and options
- Traded
Is Power Finance Corporation overvalued?
Cheap, with low confidence: no valuation within 120 days; P/E 4.2 vs peers 21.4 (1st of 25); P/B 1.2 vs peers 2.6 (5th of 25).
Valuation
Latest price and trailing 12 months
P/E
4.15
vs peers 21.4 · 1st of 25
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
1.22
vs peers 2.6 · 5th of 25
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹1.08 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
4.9%
vs peers 1.1% · 2nd of 18
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
0.79
vs peers 2.5 · 5th of 20
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
0.23
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Power Finance Corporation a quality business?
Quality score 62.8, 5th of 24 in its peer set; CLEAN on 15 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
62.8
vs peers 52.3 · 5th of 24
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin
3.8%
vs peers 4.6% · 15th of 24
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
-0.1%
vs peers 1.0% · 3rd of 20
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
8.8%
vs peers 45.3% · 3rd of 25
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
2.8%
vs peers 2.3% · 7th of 24
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
5.6%
vs peers 19.6% · 13th of 16
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Power Finance Corporation made money for shareholders?
Mixed: −18.7% over one year and +23.4% a year over five years.
Shareholder returns
5-year return
+23.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+1.8%1M
−4.7%3M
−19.1%6M
−24.4%1Y
−18.7%3Y
+9.7%5Y
+23.4%Does Power Finance Corporation pay a dividend?
Yes. Power Finance Corporation's dividend yield is 4.89% at the latest price; the last payout was ₹3.90 a share, ex-dividend 27 Aug 2026.
Dividends
Per share, by ex-dividend date
Dividend yield4.89%
The past 12 months' dividends as a share of today's price.
27 Aug 2026 · Interim₹3.90
31 Jul 2026 · Final₹3.95
23 Mar 2026 · Interim 4₹3.25
20 Feb 2026 · Interim 3₹4.00
26 Nov 2025 · Interim 2₹3.65
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Power Finance Corporation growing?
Loan growth 5.6%; revenue 3 years 14.2% a year; eps 3 years 17.7% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
5.6%
vs peers 19.6% · 13th of 16
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
14.2% a year
vs peers 18.2% · 17th of 25
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
17.7% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
8.6% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
17.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Power Finance Corporation do last quarter?
Power Finance Corporation reported income of ₹28,563 Cr, up 8.4% on a year earlier and a net profit of ₹8,998 Cr, up 10.2% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹28,563 Cr
+8.4% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹8,998 Cr
+10.2% on a year earlier
What was left for shareholders after every cost and tax.
How does Power Finance Corporation compare with its peers?
Compared with 24 Finance (the industry, as the basic industry was too small); 1st of 25 on P/E; 5th of 24 on quality score.
Compared with 24 Finance (the industry, as the basic industry was too small)
24 companies
- Power Finance Corporation Ltd (this page)
- Bajaj Finserv Ltd
- Shriram Finance Ltd
- Jio Financial Services Ltd
- Cholamandalam Investment & Finance Company Ltd
- Tata Capital Ltd
- Bajaj Holdings & Investment Ltd
- Muthoot Finance Ltd
- Aditya Birla Capital Ltd
- Indian Railway Finance Corporation Ltd
- REC Ltd
- Bajaj Housing Finance Ltd
- L&T Finance Ltd
- SBI Cards & Payment Services Ltd
- HDB Financial Services Ltd
- Authum Investment & Infrastructure Ltd
- Piramal Finance Ltd
- Sundaram Finance Ltd
- Mahindra & Mahindra Financial Services Ltd
- Poonawalla Fincorp Ltd
- CRISIL Ltd
- Housing & Urban Development Corporation Ltd
- LIC Housing Finance Ltd
- Tata Investment Corporation Ltd
- PNB Housing Finance Ltd
Power Finance Corporation against its peers
Largest 10 of 24 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Power Finance Corporation Ltd₹1.1 L Cr4.21.220.7%−18.7%
Jio Financial Services Ltd₹1.4 L Cr66.75.62.5%−30.4%
Peer median—21.42.613.0%−13.0%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Power Finance Corporation?
Power Finance Corporation is held by promoters 56.0%, foreign institutions 20.5%, domestic institutions 14.5%.
Shareholding pattern
Latest filing, percent of shares
Promoters56.0%
The founders and controlling group.
Foreign institutions20.5%
Overseas funds investing through the FPI route.
Domestic institutions14.5%
Indian insurers, banks, pension and mutual funds together.
Mutual funds9.3%
Indian mutual fund schemes; part of domestic institutions.
Retail and others5.7%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Power Finance Corporation?
14 analysts cover Power Finance Corporation, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
14 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Power Finance Corporation do and what is it sensitive to?
Power Finance Corporation is India's largest government-owned NBFC dedicated to power sector lending. Sensitive to: interest rate risk on net margin.
Business-model card
FY2025 · 36 verified
5Revenue
5Channels
3Regulators
4Reg. dependencies
4Sensitivities
2Costs
2Geographies
Power Finance Corporation is India's largest government-owned NBFC dedicated to power sector lending. It provides interest-bearing loans to central and state utilities, independent power producers, equipment manufacturers, and infrastructure companies across India's power value chain.
Revenue engine
5 verified
Interest income on loans to power sector (96.9%)
Primary revenue from loans to utilities, IPPs, and related businesses; 96.9% of total revenue
Interest income on investments and cash (1.7%)
Interest from financial assets other than loans
Fees and commission income (0.6%)
Financial service fees from lending and credit operations
2 more statements
Other operating income
Miscellaneous operating revenues
Dividend income
Dividend from equity investments
Customers & channels
5 verified
Central power utilities and state utilities
Government-owned and government-controlled generation, transmission, and distribution entities
Independent power producers and private sector utilities
Private companies generating or distributing power
Power equipment manufacturers
Companies manufacturing equipment for power projects
2 more statements
Infrastructure and logistics companies for power
Companies involved in power-related infrastructure and logistics
State governments
Direct lending to state governments for power sector projects
Regulators
3 verified
Securities and Exchange Board of India (SEBI)
Governs listing obligations, disclosure requirements, and capital market transactions
Ministry of Power, Government of India
Appoints PFC board and oversees power sector policy; PFC is a Central Public Sector Undertaking under this ministry
Department of Public Enterprises (DPE)
Issues guidelines governing CPSE administration and governance
Regulatory dependencies
4 verified
NBFC licensing and power-sector-dedicated charter
Regulatory grant of NBFC status and exclusive focus on power funding enables PFC's primary lending business and preferential access to government schemes
RBI benchmark and policy rate transmission
Changes in RBI policy rate, AAA bond yields, and G-Sec yields directly affect PFC's borrowing cost and loan pricing; 25 basis point rate move impacts earnings at risk ±₹213.56 crore annually
Government scheme participation mandate
PFC's role as primary lender for government power sector schemes is a regulatory assignment that shapes its lending pipeline and volumes
1 more statement
Foreign currency lending and hedging rules
RBI regulations on foreign currency borrowing, derivative use, and authorized dealer restrictions govern PFC's cost of overseas funding and hedging options
Sensitivities
4 verified
Interest rate risk on net margin
Rising RBI rates increase PFC's cost of borrowing (bonds, commercial paper, term loans) relative to fixed-rate loan assets, compressing margin. 25 bps rate rise reduces earnings at risk by ₹213.56 crore.
Foreign exchange risk on foreign currency liabilities
Rupee depreciation increases value of PFC's foreign currency-denominated debt; 5% rupee weakening costs ₹241.24 crore on unhedged USD, EUR, JPY liabilities (as of March 2025)
Liquidity risk from asset-liability maturity mismatch
Long-duration power project loans (assets) funded by shorter-duration bonds and commercial paper (liabilities) create refinancing and funding stress risk
1 more statement
Credit risk on borrower defaults
Power utility and IPP borrower creditworthiness depends on tariff recovery, subsidies, and operational performance; downgrades reduce recovery rates
Cost inputs
2 verified
Finance costs on debt securities and term loans
Interest on rupee-denominated bonds, commercial paper, and bank borrowings; constitutes dominant share of PFC's total expenses and varies with RBI rate cycle
Foreign currency borrowing costs
Interest on foreign currency loans (USD, EUR, JPY) exposed to global rates and FX hedging costs; ₹51,127 crore of FCY loans raised in FY25
Geographies
2 verified
Pan-India domestic lending operations (100.0%)
PFC lends across 28 states and 8 Union Territories, serving the entire Indian power sector with no material geographic concentration
International capital markets funding
Taps both domestic and international capital markets for borrowing; manages foreign currency liabilities in USD, EUR, JPY and other currencies
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Interim Dividend - Rs 3.90 Per Share (27 Aug 2026).
Change log
8 entries · newest first
- Corporate actionInterim Dividend - Rs 3.90 Per Share.
- Results filedQ4 FY2026 results filed.
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 3.95 Per Share.
- Corporate actionInterim Dividend - Rs 3.25 Per Share.
- Corporate actionInterim Dividend - Rs 4 Per Share.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 15 of 22 lender flags judged; no red flag; 7 could not be judged.
- Data gapsBusiness quality, Gross NPA, Net NPA, Provision coverage, CET1 ratio, Deposit growth YoY and 2 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓236 months of month-end prices, adjusted for bonuses and splits (2 corporate actions)○no valuation of ours yet✓business-model card FY2025 · 36 verified
Questions people ask
What is Power Finance Corporation's share price today?
Power Finance Corporation last traded at ₹337.90 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 3.1% on the day, down 18.7% over a year. Its 52-week range is ₹313 to ₹486. The live price is in the app.
What is Power Finance Corporation's market cap?
Power Finance Corporation's market capitalisation is about ₹1.08 lakh crore: what it would cost to buy every share at today's price. That makes it the 90th largest large cap company we cover.
Is Power Finance Corporation Ltd a large cap, mid cap or small cap?
Power Finance Corporation Ltd (PFC) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Power Finance Corporation Ltd's P/E ratio?
4.15, vs peers 21.4 · 1st of 25. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Power Finance Corporation Ltd overvalued?
Cheap, with low confidence: no valuation within 120 days; P/E 4.2 vs peers 21.4 (1st of 25); P/B 1.2 vs peers 2.6 (5th of 25).
How does Power Finance Corporation Ltd make money?
Power Finance Corporation is India's largest government-owned NBFC dedicated to power sector lending. It provides interest-bearing loans to central and state utilities, independent power producers, equipment manufacturers, and infrastructure companies across India's power value chain.
Why is there no Altman Z or debt to equity for Power Finance Corporation?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Power Finance Corporation Ltd's peers?
Compared with 24 Finance (the industry, as the basic industry was too small): Bajaj Finserv Ltd, Shriram Finance Ltd, Jio Financial Services Ltd, Cholamandalam Investment & Finance Company Ltd, Tata Capital Ltd and 19 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Power Finance Corporation do last quarter?
Power Finance Corporation reported income of ₹28,563 Cr, up 8.4% on a year earlier and a net profit of ₹8,998 Cr, up 10.2% in the Jun 2026 quarter.
Who owns Power Finance Corporation?
Power Finance Corporation is held by promoters 56.0%, foreign institutions 20.5%, domestic institutions 14.5%.
Does Power Finance Corporation pay a dividend?
Yes. Power Finance Corporation's dividend yield is 4.89% at the latest price; the last payout was ₹3.90 a share, ex-dividend 27 Aug 2026.
What do analysts say about Power Finance Corporation?
14 analysts cover Power Finance Corporation, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.