IFCI Ltd - 500106

Name of Company	IFCI Ltd.
BSE Code	500106
NSE Code	IFCI
ICICI Code
Established	1947
My Take	So-So
Headquarters	New Delhi
Promoters	No Promoters
Story	Government established institution which was liberalized into a company in 1993.
Sector	Finance term lending institutions
Sub-sector	term lending institutions
Website	http://www.ifciltd.com
Positives	Started paying dividend after Sep 2009. Expected to pay 80 paise or around in Sep 2011 as well, which would mean around 2% dividend yield. IDBI, LIC, Oriental Insurance, etc hold huge stakes.
Negatives	No promoters to  steer the company ahead. No expansion in revenues. Company turned around in 2006-2007, Before that performance used to be bad.
Peers
News
Price @ blogged	44.70 (04-May-11)
Cost of company	3298 Cr market cap for a 706.25 Cr NP in FY ending Mar ' 11 makes it 4.67 times. This is for a company with 13562.46 Cr debt and 2413.8 Cr reserves
Group	Dull
Growth	Do not expect much growth here based on the previous numbers. The revenues have been wavering for the past 5 years.