Indian Railway Finance (NSE:IRFC) EBIT: ₹70,793 Mil (TTM As of Mar. 2026)


NSE:IRFC Indian Railway Finance Corp Ltd NSE:IRFC
71 GF Score
Price ₹91.77
GF Value ₹127.59
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Indian Railway Finance EBIT?

Indian Railway Finance NSE:IRFC -0.79% 71 EBIT is ₹70,793 Mil as of Mar. 2026. GuruFocus rates NSE:IRFC with a GF Score™ of 71/100 and a GF Value™ of ₹127.59 (Modestly Undervalued). The stock has 9 warning signs investors should review.

Indian Railway Finance's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹17,462 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹70,793 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Indian Railway Finance's annualized ROC % for the quarter that ended in Mar. 2026 was 1.38%. Indian Railway Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Indian Railway Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.27%.

Indian Railway Finance  (NSE:IRFC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Indian Railway Finance's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=69846 * ( 1 - 0% )/( (4976262.4 + 5156839.1)/ 2 )
=69846/5066550.75
=1.38 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4983229.8 - 134 - ( 6833.4 - max(0, 134 - 2478752.4+6833.4))
=4976262.4

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5166764.8 - 147.6 - ( 9778.1 - max(0, 147.6 - 4210445.4+9778.1))
=5156839.1

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Indian Railway Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=69846/( ( (153.6 + max(2246362.5, 0)) + (179.6 + max(3841024.5, 0)) )/ 2 )
=69846/( ( 2246516.1 + 3841204.1 )/ 2 )
=69846/3043860.1
=2.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 2246496.5) - (134 + 0 + 0)
=2246362.5

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 3841172.1) - (147.6 + 0 + 0)
=3841024.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Indian Railway Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=70792.9/5554360.881
=1.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Railway Finance EBIT Related Terms

Indian Railway Finance EBIT Historical Data

* Premium members only.

The historical data trend for Indian Railway Finance's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Railway Finance EBIT Chart

Indian Railway Finance Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only 115,500.07 112,812.96 121,346.90 64,984.10 70,792.90

Indian Railway Finance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16,842.80 17,489.30 17,809.80 18,032.30 17,461.50

NSE:IRFC vs V, MA, AXP: EBIT Comparison

For the Credit Services subindustry, Indian Railway Finance's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Indian Railway Finance EV-to-EBIT vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Indian Railway Finance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Indian Railway Finance's EV-to-EBIT falls into.


NSE:IRFC
71GF Score
Indian Railway Finance Corp Ltd NSE:IRFC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Railway Finance EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹70,793 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹70,793 Mil mean?
Indian Railway Finance (NSE:IRFC) has a EBIT of ₹70,793 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Indian Railway Finance.
Is Indian Railway Finance's EBIT too high?
Indian Railway Finance's current EBIT is ₹70,793 Mil. Overall, Indian Railway Finance has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Railway Finance's EBIT compare to V and MA?
Indian Railway Finance's EBIT of ₹70,793 Mil can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Credit Services company?
A good EBIT depends on the Credit Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Indian Railway Finance. Indian Railway Finance's current EBIT is ₹70,793 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Railway Finance stock overvalued right now?
Based on GuruFocus' analysis, Indian Railway Finance (NSE:IRFC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹127.59, compared to a current price of ₹91.77 — trading 28.1% below its estimated fair value. The current EBIT is ₹70,793 Mil. Indian Railway Finance's overall GF Score™ is 71/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Indian Railway Finance (NSE:IRFC), the current EBIT is ₹70,793 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indian Railway Finance (NSE:IRFC) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Railway Finance stock appears to be undervalued. The current stock price of ₹91.77 is trading 28.1% below its estimated GF Value™ of ₹127.59. GuruFocus considers Indian Railway Finance to be Modestly Undervalued.

Key valuation signals for NSE:IRFC:

  • EBIT: ₹70,793 Mil
  • GF Value™: ₹127.59 vs. price of ₹91.77 (28.1% below fair value)
  • GF Score™: 71/100 with 9 warning signs

No single metric tells the full story. See the NSE:IRFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Indian Railway Finance Business Description

Other Exchanges 543257:India
Address Bhisham Pitamah Marg, Lodhi Road, UG Floor, East Tower, NBCC Place, Pragati Vihar, New Delhi, IND, 110003
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.
71GF Score

Get the complete analysis for NSE:IRFC

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹91.77
Price
₹127.59
GF Value