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

₹ 57.2 -1.11%
25 Mar 11:21 a.m.
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 - 53..21 %
f) Book Value : 53.51

Website BSE NSE
  • Market Cap ₹ 41,909 Cr.
  • Current Price ₹ 57.2
  • High / Low ₹ 86.1 / 52.6
  • Stock P/E 21.8
  • Book Value ₹ 51.6
  • Dividend Yield 0.00 %
  • ROCE 6.93 %
  • ROE 10.1 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.12 times its book value
  • Company has delivered good profit growth of 28.8% 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.3,05,986 Cr.
  • Earnings include an other income of Rs.6,723 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 500 BSE 200 BSE Dollex 200 Nifty 500 BSE MidCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Revenue 4,429 4,554 4,922 5,470 5,912 6,424 6,869 7,356 7,880 8,220 8,789 8,957 9,343
Interest 1,849 1,884 2,170 2,467 2,626 2,827 3,122 3,406 3,592 3,750 4,093 4,169 4,440
2,958 3,031 2,957 3,304 3,612 3,901 4,114 4,377 4,874 5,164 5,417 6,270 6,260
Financing Profit -378 -361 -205 -301 -326 -303 -367 -427 -587 -694 -721 -1,482 -1,358
Financing Margin % -9% -8% -4% -6% -6% -5% -5% -6% -7% -8% -8% -17% -15%
769 831 856 1,061 1,152 1,398 1,364 1,410 1,517 1,642 1,574 1,727 1,780
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 391 470 650 760 827 1,094 996 983 930 948 853 245 422
Tax % 26% 25% 25% 25% 25% 25% 27% 24% 21% 23% 25% 14% 19%
290 352 485 567 617 816 732 747 732 732 643 212 340
EPS in Rs 0.47 0.57 0.78 0.91 0.99 1.23 1.10 1.11 1.04 1.04 0.91 0.28 0.46
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 8,578 9,098 12,204 16,240 15,968 17,173 22,728 30,325 35,309
Interest 6,515 7,126 8,743 10,228 8,585 7,465 10,091 13,870 16,452
1,432 1,789 4,702 9,760 8,733 12,323 13,338 17,899 23,112
Financing Profit 631 184 -1,241 -3,748 -1,350 -2,615 -701 -1,444 -4,255
Financing Margin % 7% 2% -10% -23% -8% -15% -3% -5% -12%
1,019 1,120 824 1,722 2,211 3,173 4,467 5,932 6,723
Depreciation 136 168 2,820 320 343 382 435 631 0
Profit before tax 1,514 1,135 -3,237 -2,346 519 175 3,331 3,857 2,468
Tax % 30% 16% -41% 21% 7% 24% 25% 24%
1,019 880 -1,908 -2,843 483 132 2,485 2,942 1,927
EPS in Rs 3.00 2.58 -3.99 -5.91 0.85 0.21 3.75 4.16 2.69
Dividend Payout % 25% 29% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 24%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 84%
TTM: -36%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 13%
1 Year: -26%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 8%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3,399 3,404 4,782 4,810 5,676 6,218 6,618 7,070 7,483
Reserves 11,278 11,870 13,418 10,594 12,224 14,864 19,229 25,204 29,396
Deposits 40,098 48,039 70,354 65,079 88,536 105,540 144,470 200,570 223,558
Borrowing 50,262 57,287 69,983 57,397 45,786 52,963 57,212 50,936 46,351
7,027 5,781 8,563 11,279 10,849 10,561 12,353 12,430 13,763
Total Liabilities 112,064 126,382 167,099 149,159 163,072 190,146 239,882 296,210 320,552
933 797 940 999 1,370 1,448 2,054 2,720 2,821
CWIP 6 3 34 74 65 79 219 95 0
Investments 50,164 60,904 58,245 45,174 45,182 45,935 60,913 74,500 76,118
60,962 64,677 107,880 102,911 116,454 142,684 176,696 218,895 241,612
Total Assets 112,064 126,382 167,099 149,159 163,072 190,146 239,882 296,210 320,552

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14,128 -5,978 17,364 10,966 14,042 2,679 3,563 11,543
-4,918 -1,027 -494 -3,790 -2,833 -2,960 -11,996 -9,887
-6,974 6,742 -12,220 -12,539 -9,598 10,211 6,509 -2,954
Net Cash Flow 2,236 -263 4,649 -5,363 1,610 9,929 -1,924 -1,298

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 6% -11% -17% 3% 1% 11% 10%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 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% 27.12%
9.58% 10.19% 9.83% 9.61% 7.69% 7.71% 5.58% 6.63% 6.79% 7.93% 11.73% 16.14%
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% 47.57%
No. of Shareholders 15,68,95816,39,15216,11,34116,42,93717,07,47917,37,95520,38,98823,82,67426,11,51227,63,05028,56,37732,94,939

* 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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Documents

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