IDFC First Bank Ltd

IDFC First Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IDFC First Bank Ltd

₹ 64.2 1.92%
22 Nov - close price
idfcbank.com BSE: 539437 NSE: IDFCFIRSTB
About

IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.

Key Points

Ratios 9MFY24[1][2]
a) Capital Adequacy Ratio - 16.73%
b) Net Interest Margin - 6.36%
c) Gross NPA - 2.04 %
d) Net NPA - 0.68 %
e) CASA Ratio - 46.8 %
f) Book Value : 44.51

Website BSE NSE
  • Market Cap ₹ 46,952 Cr.
  • Current Price ₹ 64.2
  • High / Low ₹ 92.4 / 59.2
  • Stock P/E 20.2
  • Book Value ₹ 45.5
  • Dividend Yield 0.00 %
  • ROCE 6.93 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 28.6% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.72% over last 3 years.
  • Contingent liabilities of Rs.3,05,030 Cr.
  • Earnings include an other income of Rs.6,505 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Part of BSE Dollex 200 BSE Financial Services BSE MidCap Select Index Nifty Midcap Liquid 15 Nifty Private Bank

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 4,101 4,429 4,554 4,922 5,470 5,912 6,424 6,868 7,356 7,879 8,219 8,789 8,957
Interest 1,828 1,849 1,884 2,171 2,468 2,627 2,828 3,123 3,406 3,593 3,750 4,094 4,169
2,834 2,971 3,043 2,971 3,319 3,627 3,918 4,135 4,398 4,895 5,169 5,426 6,285
Financing Profit -562 -391 -374 -220 -317 -342 -321 -390 -448 -609 -700 -731 -1,497
Financing Margin % -14% -9% -8% -4% -6% -6% -5% -6% -6% -8% -9% -8% -17%
780 769 831 856 1,061 1,152 1,397 1,414 1,430 1,517 1,642 1,619 1,727
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax 218 378 457 636 745 811 1,076 1,024 982 908 942 888 230
Tax % 30% 26% 25% 25% 25% 25% 25% 25% 23% 21% 23% 23% 13%
152 281 343 474 556 605 803 765 751 716 724 681 201
EPS in Rs 0.24 0.45 0.55 0.76 0.89 0.97 1.21 1.15 1.12 1.01 1.02 0.96 0.27
Gross NPA % 4.27% 3.96% 3.70% 3.36% 3.18% 2.96% 2.51% 2.17% 2.11% 2.04% 1.88% 1.90% 1.92%
Net NPA % 2.09% 1.74% 1.53% 1.30% 1.09% 1.03% 0.86% 0.70% 0.68% 0.68% 0.60% 0.59% 0.48%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 6m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue -0 3,649 8,533 8,930 11,948 16,308 15,968 17,173 22,728 30,322 33,844
Interest -0 2,802 6,515 7,132 8,749 10,232 8,588 7,467 10,092 13,872 15,606
3 494 1,425 1,725 4,534 9,871 8,786 12,380 13,410 17,979 21,776
Financing Profit -3 353 592 73 -1,335 -3,795 -1,406 -2,674 -775 -1,528 -3,538
Financing Margin % 10% 7% 1% -11% -23% -9% -16% -3% -5% -10%
-0 403 1,013 1,118 852 1,722 2,211 3,222 4,467 6,002 6,505
Depreciation -0 41 134 163 2,813 305 329 373 425 618 0
Profit before tax -3 716 1,471 1,027 -3,295 -2,379 476 175 3,267 3,855 2,967
Tax % -0% 35% 31% 16% -41% 20% 5% 17% 25% 23%
-3 467 1,020 859 -1,944 -2,864 452 145 2,437 2,957 2,321
EPS in Rs -516.00 1.38 3.00 2.52 -4.07 -5.95 0.80 0.23 3.68 4.18 3.26
Dividend Payout % -0% 18% 25% 30% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 24%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 89%
TTM: -21%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 10%
1 Year: -24%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.05 3,393 3,399 3,404 4,782 4,810 5,676 6,218 6,618 7,070
Reserves -3 10,240 11,279 11,852 13,378 10,533 12,132 14,786 19,103 25,091
-0 65,379 90,470 105,485 140,462 122,505 134,475 158,597 201,849 251,512
3 4,204 7,011 5,778 8,563 11,353 10,861 10,581 12,371 12,442
Total Liabilities 0 83,216 112,160 126,520 167,185 149,200 163,144 190,182 239,942 296,115
-0 644 781 781 917 965 1,201 1,282 1,876 2,525
CWIP -0 29 5 3 34 73 65 79 214 95
Investments -0 29,729 50,472 61,202 58,475 45,405 45,412 46,145 61,124 74,710
0 52,814 60,901 64,535 107,759 102,758 116,466 142,676 176,728 218,785
Total Assets 0 83,216 112,160 126,520 167,185 149,200 163,144 190,182 239,942 296,115

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -13,034 14,247 -5,941 17,293 10,927 14,061 2,604 3,600 11,328
-0 7,171 -5,074 -1,008 -412 -3,764 -2,826 -2,884 -11,969 -9,792
0 7,475 -6,974 6,744 -12,207 -12,539 -9,598 10,211 6,509 -2,954
Net Cash Flow 0 1,612 2,198 -205 4,675 -5,376 1,637 9,930 -1,860 -1,418

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 7% 7% 6% -12% -17% 3% 1% 10% 10%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
36.49% 36.48% 36.47% 36.38% 39.99% 39.93% 39.37% 37.45% 37.43% 37.37% 35.37% 0.00%
13.48% 10.99% 19.28% 19.76% 19.31% 20.85% 24.48% 24.30% 23.65% 21.02% 19.57% 27.30%
9.58% 10.19% 9.83% 9.61% 7.69% 7.71% 5.58% 6.63% 6.79% 7.93% 11.73% 16.19%
4.20% 4.20% 4.23% 4.22% 3.98% 3.97% 3.92% 3.72% 3.72% 3.71% 3.51% 9.17%
36.24% 38.14% 30.18% 30.02% 29.05% 27.54% 26.66% 27.90% 28.38% 29.95% 29.81% 47.35%
No. of Shareholders 15,68,95816,39,15216,11,34116,42,93717,07,47917,37,95520,38,98823,82,67426,11,51227,63,05028,56,37732,04,143

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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