TFCILTD
Tourism Finance Corporation of India share price & financials
- Price
- ₹85.03
- Market cap
- ₹6.6k Cr
- Sector
- Financial Services
What Tourism Finance Corporation of India Limited does
Tourism Finance Corporation of India Ltd. (TFCI) is an RBI-registered NBFC-ND-ML that originally specialised in project and term financing for hotels, resorts and other hospitality/tourism assets, and has since diversified into secured lending for real estate, infrastructure/social infrastructure, manufacturing, education, healthcare, logistics/warehousing and renewable energy. It also lends to other NBFCs/HFCs/ARCs, offers loan-against-shares financing, and earns fee income from tourism/hospitality advisory, project feasibility studies, debt syndication and special-situation restructuring/advisory mandates. Financing is structured as term loans for greenfield/brownfield projects, expansion, modernisation, working capital, refinancing and takeover of existing loans, including from AIFs/ARCs.
Segments
- Hospitality/Tourism lending
- Real estate lending
- Manufacturing & infrastructure lending
- NBFC/HFC/ARC and LAS financing
- Advisory & syndication services
- Number of borrower accounts (loan portfolio)
- 63
- States/UTs with active loan exposure
- 16 (incl. Maharashtra, Uttar Pradesh, Gujarat, Delhi, Karnataka, Telangana, Madhya Pradesh, Tamil Nadu)
- Years in operation
- 37 years (incorporated 1989)
- Long-term bank borrowing rating
- AA-/Stable (Infomerics, Acuite)
- Short-term borrowing rating
- A1+ (Infomerics)
- Regulatory classification
- NBFC-ND-ML (RBI-registered, non-deposit taking)
Quarterly results
Q1 FY27: revenue up 26.6%, net profit up 96.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65 | 57 | 68 | 64 | 66 +2% | 70 +23% | 74 +9% | 81 +27% |
| Net profit | 26 | 23 | 30 | 31 | 29 +12% | 32 +39% | 32 +7% | 61 +97% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −60.5% 1Y
1Y: ₹358.4 on 10 Sept 2025 → ₹141.49. High ₹362 (11 Sept 2025), low ₹55.24 (2 Jan 2026).
Financials, as filed
Revenue grew 1.8% a year over 4 years, FY22 to FY26.
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹255 Cr | ₹232 Cr | ₹242 Cr | ₹252 Cr | ₹274 Cr |
| Interest | ₹120 Cr | ₹90 Cr | ₹101 Cr | ₹100 Cr | ₹93 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹85 Cr | ₹88 Cr | ₹91 Cr | ₹104 Cr | ₹124 Cr |
| Net margin | 33.3% | 37.9% | 37.6% | 41.3% | 45.3% |
| Cash from operations | ₹139 Cr | ₹-137 Cr | ₹-7 Cr | ₹55 Cr | ₹-46 Cr |
| Free cash flow | ₹137 Cr | ₹-137 Cr | ₹-7 Cr | ₹68 Cr | ₹-46 Cr |
| ROE | 10.0% | 9.0% | 9.0% | 8.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹81 Cr | ₹90 Cr | ₹90 Cr | ₹90 Cr | ₹93 Cr | ₹93 Cr |
| Reserves | ₹711 Cr | ₹883 Cr | ₹927 Cr | ₹999 Cr | ₹1.2k Cr | ₹1.2k Cr |
| Borrowings | ₹1.4k Cr | ₹920 Cr | ₹999 Cr | ₹978 Cr | — | ₹1.1k Cr |
| Other liabilities | ₹34 Cr | ₹55 Cr | ₹29 Cr | ₹39 Cr | ₹28 Cr | ₹19 Cr |
| Total liabilities | ₹2.2k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.1k Cr | ₹2.3k Cr | ₹2.4k Cr |
| Fixed assets | ₹16 Cr | ₹16 Cr | ₹15 Cr | ₹15 Cr | ₹14 Cr | ₹13 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹159 Cr | ₹361 Cr | ₹338 Cr | ₹461 Cr | ₹390 Cr | ₹249 Cr |
| Other assets | ₹2.0k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹1.6k Cr | ₹1.9k Cr | ₹2.1k Cr |
| Total assets | ₹2.2k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.1k Cr | ₹2.3k Cr | ₹2.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.30 pp while the public trimmed −0.22 pp. The shareholder count grew 2% to 74,382.
- Promoters
- 3.9%
- FIIs
- 5.5%
- Public
- 90.7%
Since Jun 2025
- FIIs +0.30 pp
- Public −0.22 pp
- DIIs −0.08 pp
How it drifted, 12 quarters
Over this window the public went from 69.0% to 90.7% — +21.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 18.0%, FIIs 13.0%, Public 69.0%.Dec '23: Promoters 17.7%, FIIs 13.9%, Public 68.4%.Mar '24: Promoters 8.0%, FIIs 3.4%, DIIs 0.0%, Public 88.5%.Jun '24: Promoters 7.8%, FIIs 3.0%, DIIs 0.0%, Public 89.1%.Sep '24: Promoters 7.8%, FIIs 2.8%, Public 89.4%.Dec '24: Promoters 3.9%, FIIs 2.9%, Public 93.3%.Mar '25: Promoters 3.9%, FIIs 3.4%, Public 92.7%.Jun '25: Promoters 3.9%, FIIs 5.2%, DIIs 0.1%, Public 90.9%.Sep '25: Promoters 3.9%, FIIs 4.6%, DIIs 0.1%, Public 91.5%.Dec '25: Promoters 3.9%, FIIs 4.3%, DIIs 0.0%, Public 91.8%.Mar '26: Promoters 3.9%, FIIs 2.8%, DIIs 0.1%, Public 93.3%.Jun '26: Promoters 3.9%, FIIs 5.5%, Public 90.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Maybank Securities Pte Ltd - Odi FPI fund newly disclosed 1.87% held
- L7 Hitech Private Limited +0.57 pp 3.15% held
- Setu Securities Private Limited +0.55 pp 2.32% held
- Nitn Kapoor +0.21 pp 2.26% held
- Sahastraa Advisors Private Limited +0.21 pp 1.64% held
- F3 Advisors Private Limited +0.16 pp 4.05% held
- Shruti Mohta +0.11 pp 2.49% held
The same filing shows 2 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Tourism Finance Corporation of India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Aditya Kumar Halwasiya | 6.99% | −1.84 pp |
| F3 Advisors Private Limited | 4.05% | +0.16 pp |
| Pransatree Holdings Pte. Limited | 4.00% | unchanged |
| L7 Hitech Private Limited | 3.15% | +0.57 pp |
| Cliff Trexim Private Limited | 3.02% | unchanged |
| LICI Asm Non Par Insurer | 2.92% | unchanged |
| Shruti Mohta | 2.49% | +0.11 pp |
| Setu Securities Private Limited | 2.32% | +0.55 pp |
| Nitn Kapoor | 2.26% | +0.21 pp |
| Multiplier Share And Stock Advisors Pvt Ltd | 2.07% | −0.09 pp |
| Maybank Securities Pte Ltd - Odi FPI fund | 1.87% | newly disclosed |
| Garg Brothers Private Limited | 1.80% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Tourism Finance Corporation of India Limited
Guides on how to read this kind of business and the numbers that matter.