IDFC First Bank Ltd
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.
- Market Cap ₹ 45,156 Cr.
- Current Price ₹ 61.8
- High / Low ₹ 89.9 / 59.2
- Stock P/E 19.4
- Book Value ₹ 45.5
- Dividend Yield 0.00 %
- ROCE 6.93 %
- ROE 10.2 %
- Face Value ₹ 10.0
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 Diversified Financials Revenue Growth Index (I BSE Private Banks Index BSE Allcap BSE MidCap Select Index BSE 150 MidCap Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
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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: | 7% |
3 Years: | 10% |
1 Year: | -31% |
Return on Equity | |
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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 | |
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ROE % | 7% | 7% | 6% | -12% | -17% | 3% | 1% | 10% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
17 Dec - Cessation of Dr. Brinda Jagirdar as Independent Director.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
17 Dec - Approval of resolutions through e-voting for board appointments.
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Announcement under Regulation 30 (LODR)-Credit Rating
11 Dec - India Ratings reaffirms IDFC FIRST Bank's debt ratings at IND AA+/Stable.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
7 Dec - Allotment of 6,40,769 equity shares pursuant to exercise of ESOP.
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Schedule Of Analysts / Institutional Investors Meets - Intimation
30 Nov - Schedule of Analysts/Institutional Investors meet.
Annual reports
Concalls
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Oct 2024Transcript PPT REC
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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