NDIAN RAILWAY FINANCE CORPORATION LTD.

(IRFC) - BALANCE SHEET

FIGURES IN RS CRORE

SOURCES OF FUNDS
Share Capital

Reserves

Total Shareholders Funds

Secured Loans

Unsecured Loans

Total Debt

Total Liabilities

APPLICATION OF FUNDS
Gross Block

Capital Work In Progress

Investments

CURRENT ASSETS, LOANS & ADVANCES

Inventories

Sundry Debtors

Cash And Bank

Loans And Advances

Total Current Assets

CURRENT LIABILITIES AND PROVISIONS

Current Liabilities

Provisions
Net Current Assets

Miscellaneous Expenses Not Written Off

Deferred Tax Assets

Deferred Tax Liability

Net Deferred Tax

Other Assets

Total Assets
 2022 2021 2020
co

13068.51 13068.51 11880.46

27927.83 22844.88 18419.29

40996.34 35913.39 30299.75

148308.97 107961.86 67170.46

240131 215183.41 167206.27

388439.97 323145.27 234376.73

429436.31 359058.66 264676.48

41.64 46.96 12.22

0 0 0

10 11.98 11.51

0 0 0

0 0 0

303.38 458.92 100.76

449628.88 379965.25 275380.81

449932.26 380424.17 275481.57

20490.34 21393.75 10813.85

53.57 29.12 13.8

429388.35 359001.3 264653.92

0 0 0

N/A N/A N/A

N/A N/A N/A

N/A N/A N/A

0 0 0

429436.31 359058.64 264676.48

 Balance Sheet of Indian Railway Finance
Corporation Ltd.

Field Mar-22 Mar-21 Mar-20

Total Stockholders Fund (Cr) 40996.34 35913.38 30962.43
   Common Stock (Cr) 13068.51 13068.51 11880.46
   Reserves and Surplus (Cr) 27927.83 22844.87 19081.97
   Retained Earning (Cr) 26058.04 1498.03 18429.98
   Capital Surplus (Cr) 0 0 0
Minority Interest (Cr) 0 0 0
Total Non Current Liabilities (Cr) 527.21 179983 155336
   Long Term Debt (Cr) 388416 178574 155290
Total Current Liabilities (Cr) 408456 162154 89635.26
   Short Long Term Debt (Cr) 388416 144535 79086.27
   Accounts Payable (Cr) 24.57 50.76 37.76
Total Liabilities (Cr) 408983 342138 245204
Total Non Current Assets (Cr) 17169.3 7837.74 2069.99
    Tangible Assets (Cr) 36.31 45.32 11
   Property Plant Equipment (Cr) 36.31 45.32 11
   Intangible Assets (Cr) 1.65 0.04 0.04
   Goodwill (Cr) 0 0 0
   Long term Investment (Cr) 0 0 0
Total Current Assets (Cr) 432810 370213 273864
   Inventory (Cr) 0 0 0
   Net Receivable (Cr) 200692 165568 148579
   Cash And Cash Equivalents (Cr) 303.38 458.92 100.76
Total Assets (Cr) 449980 378051 275934
Net Working Capital (Cr) 24354.26 208059 184228
Net Invested Capital (Cr) 429412 359024 265339
Common Share Oustanding (Cr) 1306.85 1208.23 1306.85
Book Value / Share 31.37 32.53 32.54

CAGR of Balancesheet Fields of Indian Railway Finance

Corporation Ltd.

Field 1 Year 3 Year 5 Year

Total Stockholders Fund 14.15% 17.88% 27.83%
   Common Stock NA 11.69% 14.90%
   Reserves and Surplus 22.25% 21.30% 38.48%
    Retained Earning 1639.49% 38.71% NA
   Capital Surplus NA NA NA
Minority Interest NA NA NA
Total Non Current Liabilities -99.71% -85.53% -65.30%
   Long Term Debt 117.51% 30.71% 32.06%
Total Current Liabilities 151.89% 277.00% 99.90%
   Short Long Term Debt 168.73% 156.44% 132.08%
   Accounts Payable -51.60% 26.35% NA
Total Liabilities 19.54% 31.08% NA
Total Non Current Assets 119.06% 122.60% -32.05%
    Tangible Assets -19.88% 47.87% 25.85%
   Property Plant Equipment -19.88% 47.91% NA
   Intangible Assets 4025.00% 220.75% 177.65%
   Goodwill NA NA NA
   Long term Investment NA NA NA
Total Current Assets 16.91% 28.28% 108.11%
   Inventory NA NA NA
   Net Receivable 21.21% 17.09% NA
   Cash And Cash Equivalents -33.89% 55.25% 109.49%
Total Assets 19.03% 29.62% 28.26%
Net Working Capital -88.29% -50.22% 74.63%
Net Invested Capital 19.61% 29.23% 30.26%
Common Share Oustanding 8.16% NA NA
Book Value / Share -3.57% -0.11% NA
 Mar-19 Mar-18 Mar-17
25028.65 13565.21 12009.6
9380.46 6526.46 6526.46
15648.19 7038.75 5483.14
9764.47 8496.65 0
0 0 0
0 0 0
173952 123295 104842
173932 114854 96710.27
7622.7 25471.07 12797.48
23032.38 4966.79 5769.35
12.18 0 0
181571 141126 0
1556.67 148225 118562
11.23 11.27 11.5
11.22 11.27 0
0.05 0.03 0.01
0 0 0
0 0 0
205046 14106.19 11087.18
0 0 0
125026 121361 0
81.07 99.82 7.52
206603 162332 129649
197424 -11364.88 -1710.3
198961 133386 114489
1306.85 1306.85 0
31.47 16.23 0
 Cashflow of Indian Railway Finance Corporation Ltd.

Field Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

Net Income (Cr) 6089.84 4416.13 3692.42 2254.75 2007.31 933.81

Cash From Operating

-64412 -89907 -62718 -41748 -27936 -19455
Activities (Cr)

Cash From Investing

-4.72 0.42 1.47 1.31 1.67 1.79
Activities (Cr)
Cash from Financing
64266.3 90202 62713.8 41749.5 28026.8 18249.7
Activities (Cr)
   Dividend Paid (Cr) -1006.27 -1872.19 -200 -375 -233.52 -667.81
   Cash And Cash
Equivalent End Of 146.49 297.19 1.38 3.71 99.82 7.52
Period (Cr)
Free Cash Flow (Cr) -64419 -89908 -62718 -41749 -28076 -19455
 Income Statement of Indian Railway Finance Corporation Ltd.

Field Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

Total Revenue/Income (Cr) 20299.3 15770.5 13838.5 11133.6 11018.5 9046.77
   Cost Of Revenue (Cr) 14085.53 5219.76 6.26 6.25 5.52 0
   Gross Profit (Cr) 6212.74 10531.54 13414.16 10980.59 9200.96 0
Total Operating Expense (Cr) 14211.4 11354.7 10146.1 8232.01 8475.08 6914.39
Operating Income/Profit (Cr) 6087.82 4415.74 13357.2 10966 9168.84 0
EBITDA (Cr) 20179 15657.6 13772.7 11085.1 10982.4 9021.7
   Reconciled Depreciation (Cr) 14.03 4.43 0.46 0.42 0.35 0.35
EBIT (Cr) 20164.9 15653.2 13772.2 11084.7 10982 9021.35
   Interest Expense (Cr) 14074.78 11237.05 10079.78 8183.06 8436.85 6888.08
Income/Profit Before Tax (Cr) 6090.16 4416.13 3692.42 2901.59 2545.15 2133.27
   Income Tax Expense (Cr) 0.32 0 0 646.84 537.84 1199.46
Net Income From Continuing Operation (Cr) 6089.84 4416.13 3692.42 2254.75 2007.31 933.81
Net Income (Cr) 6089.84 4416.13 3692.42 2254.75 2007.31 933.81
Net Income Applicable to Common
6089.84 4416.13 3692.42 2254.75 2007.31 933.81
Share (Cr)
EPS (Earning Per Share) 4.66 4 3.91 2.83 1.54 0

CAGR of Income Fields of Indian Railway Finance Corporation Ltd.

Field 1 Year 3 Year 5 Year

Total Revenue/Income
   Cost Of Revenue
   Gross Profit
Total Operating Expense
Operating Income/Profit
EBITDA
   Reconciled Depreciation
EBIT
   Interest Expense
Income/Profit Before Tax
   Income Tax Expense
Net Income From Continuing Operation
Net Income
28.72% 22.17% 17.54%
169.85% ### NA
-41.01% -17.29% NA
25.16% 19.96% 15.50%
37.87% -17.81% NA
28.88% 22.10% 17.47%
216.70% 222.06% 109.22%
28.82% 22.07% 17.45%
25.25% 19.81% 15.36%
37.91% 28.04% 23.34%
NA -92.09% -80.71%
37.90% 39.26% 45.50%
37.90% 39.26% 45.50%
Net Income Applicable to Common Share 37.90% 39.26% 45.50%

EPS (Earning Per Share) 16.50% 18.09% NA