Power Finance Corporation Share Price Falls 5.24% As Stock Turns Ex-Dividend

Mumbai, March 23: Power Finance Corporation share price opened weak and stayed under pressure through the morning, trading at ₹391.20 as of 10:13 AM IST on Monday, down 5.24% from the previous close of ₹412.85. The drop looks sharp, but the reason is fairly routine.

Why Power Finance Corporation Share Price Moved

In its exchange filing dated March 17, 2026, Power Finance Corporation announced a fourth interim dividend of ₹3.25 per share for the financial year 2025-26. It also set March 23, 2026, as the record date.

So once the stock went ex-dividend, it no longer carried the entitlement to that payout. The price adjusted. That’s what we’re seeing on screen.

There’s another layer, though. In the same board meeting, the company cleared a sizeable borrowing plan, up to ₹1,60,000 crore for FY 2026-27, through bonds, loans, and other instruments.

This is not unusual for a lender like PFC. Still, large fundraising numbers tend to sit in the background and shape near-term sentiment.

Power Finance Corporation Stock Performance Snapshot

As of 10:13 AM IST on March 23, 2026, Power Finance Corporation share price stood at ₹391.20, down ₹20.60 so far.

The stock has seen ₹444.10 on the higher side over the past year and ₹329.90 on the lower end. Market capitalisation is around ₹1.29 lakh crore, with a price-to-earnings ratio of 5.14.

Even after today’s decline, the stock is not at extremes. It’s somewhere in the middle of its broader range.

What This Means for Investors

If you held the stock as of the record date, the dividend is yours. The price drop simply reflects that cash moving out of the company.

The borrowing plan, meanwhile, is more about the road ahead. It signals continued lending activity and balance sheet expansion. For a power sector financier, that’s part of the business model.

About the Company

Power Finance Corporation Limited is a government-owned NBFC focused on funding India’s power sector, from generation to distribution.

It has built a reputation for steady earnings and consistent dividends, which is why ex-dividend days tend to show up clearly in its price movement.

Conclusion

The fall in Power Finance Corporation share price on March 23, 2026, is more about adjustment than alarm. The ₹3.25 dividend has been factored in, and the stock has reset accordingly.

Beyond that, the focus shifts to how the company deploys capital under its large borrowing plan. For now, though, this move is largely arithmetic.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/bea1bac2-fe8f-4362-adfa-8be4191d4571.pdf