Tourism Finance Corporation Of India Limited
TFCI is a Delhi-based NBFC-ND-SI, incorporated in 1989, as a Public Financial Institution (PFI) to cater to the financial needs of the tourism industry. The company is listed on Bombay Stock Exchange and National Stock Exchange. Since September 2018,...
Key Metrics
EPS
10.08
Current ratio
1.75
Debt/Equity
0.93
Debt/EBITDA
8.84
Interest coverage ratio
0.00
Operating Cashflow to total debt
-0.01
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Established t rack record of long term funding; moderate business volumes along with gradual efforts to diversify into other sectors
Prudent funding profile underpinned by low gearing and mix of medium term and long term borrowings
Liquidity: Adequate
Cons
Weak asset quality
Decline in AUM and low disbursal levels
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About Tourism Finance Corporation Of India Limited bond.
This comprehensive profile covers key factual information about Tourism Finance Corporation Of India Limited. TFCI is a Delhi-based NBFC-ND-SI, incorporated in 1989, as a Public Financial Institution (PFI) to cater to the financial needs of the tourism industry. The company is listed on Bombay Stock Exchange and National Stock Exchange. Since September 2018, there have been significant changes in the promoters’ shareholding, with a stake dilution by IFCI Ltd., Life Insurance Corporation of India and other nationalized banks during FY19. As a result of this, the new incoming shareholders like India Opportunities III Pte Ltd. & Tamaka Capital (Mauritius) Ltd. (managed by Ares SSG, a global Alternate Investment manager with approx. $197 billion of assets under management) and Mr. Koppara Sajeeve Thomas, as promoter group along with existing promoters, together held 51.58 percent as on March 31, 2019 of the total shares in the company. Since March 2019, Redkite Capital Pvt. Ltd., erstwhile shareholder of TFCI also started diluting its stake and in July 2020, it has been classified as public shareholder under regulatory approvals. As on December 31, 2022, Life Insurance Corporation of India, the Oriental Insurance Co. Ltd., as promoters & Mr. Koppara Sajeeve Thomas and Pransatree Holdings Pte. Limited as promoter group, hold 17.94 percent stake in the company. EPS in Mar-2024 was 10.08. Current ratio in Mar-2024 was 1.75. Debt/Equity in Mar-2024 was 0.93. Debt/EBITDA in Mar-2024 was 8.84. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was -0.01. Total revenue for Mar-2025(E) was ₹228.23. Net income for Mar-2025(E) stood at ₹93.44. Total assets as of Mar-2024 were ₹2,105.90. Operating cash flow for Mar-2024 was ₹-6.64. Peers and comparison entities consist of Tourism Finance Corporation Of India Limited, Indian Railway Finance Corp Limited, Power Finance Corporation Limited, REC Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established t rack record of long term funding; moderate business volumes along with gradual efforts to diversify into other sectors ; Prudent funding profile underpinned by low gearing and mix of medium term and long term borrowings ; Liquidity: Adequate . Key risks include: Weak asset quality ; Decline in AUM and low disbursal levels . Leadership team details include Aditya Kumar Halwasiya (Non Executive Director), Anoop Bali (WholeTime Director & CFO), Ashok Kumar Garg (Independent Director), Bapi Munshi (Independent Director), Deepak Amitabh (Independent Director), M S Mahabaleshwara (Independent Director), Parkash Chand (Non Executive & Nominee Director), S Ravi (Non Executive Chairman), Sanjay Ahuja (Company Secretary & Compliance Officer), Thankom T Mathew (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.