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 ₹ 58,956 Cr.
- Current Price ₹ 83.4
- High / Low ₹ 101 / 58.1
- Stock P/E 19.5
- Book Value ₹ 38.9
- Dividend Yield 0.00 %
- ROCE 6.56 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.2% 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 5.09% over last 3 years.
- Contingent liabilities of Rs.3,62,425 Cr.
- Earnings include an other income of Rs.5,757 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
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 | TTM | |
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Revenue | 0 | 3,649 | 8,533 | 8,930 | 11,948 | 16,308 | 15,968 | 17,173 | 22,728 | 28,528 |
Interest | 0 | 2,802 | 6,515 | 7,132 | 8,749 | 10,232 | 8,588 | 7,467 | 10,092 | 12,949 |
3 | 494 | 1,425 | 1,725 | 4,534 | 9,871 | 8,786 | 12,380 | 13,410 | 17,346 | |
Financing Profit | -3 | 353 | 592 | 73 | -1,335 | -3,795 | -1,406 | -2,674 | -775 | -1,768 |
Financing Margin % | 10% | 7% | 1% | -11% | -23% | -9% | -16% | -3% | -6% | |
0 | 403 | 1,013 | 1,118 | 852 | 1,722 | 2,211 | 3,222 | 4,467 | 5,757 | |
Depreciation | 0 | 41 | 134 | 163 | 2,813 | 305 | 329 | 373 | 425 | 0 |
Profit before tax | -3 | 716 | 1,471 | 1,027 | -3,295 | -2,379 | 476 | 175 | 3,267 | 3,990 |
Tax % | 0% | 35% | 31% | 16% | 41% | -20% | 5% | 17% | 25% | |
-3 | 467 | 1,020 | 859 | -1,944 | -2,864 | 452 | 145 | 2,437 | 3,035 | |
EPS in Rs | -516.00 | 1.38 | 3.00 | 2.52 | -4.07 | -5.95 | 0.80 | 0.23 | 3.68 | 4.49 |
Dividend Payout % | 0% | 18% | 25% | 30% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 12% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 42% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 18% |
1 Year: | 42% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 5% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 3,393 | 3,399 | 3,404 | 4,782 | 4,810 | 5,676 | 6,218 | 6,618 |
Reserves | -3 | 10,240 | 11,279 | 11,852 | 13,378 | 10,533 | 12,132 | 14,786 | 19,103 |
0 | 65,379 | 90,470 | 105,485 | 140,462 | 122,505 | 134,475 | 158,597 | 201,849 | |
3 | 4,204 | 7,011 | 5,778 | 8,563 | 11,353 | 10,861 | 10,581 | 12,371 | |
Total Liabilities | 0 | 83,216 | 112,160 | 126,520 | 167,185 | 149,200 | 163,144 | 190,182 | 239,942 |
0 | 644 | 781 | 781 | 917 | 965 | 1,201 | 1,282 | 1,876 | |
CWIP | 0 | 29 | 5 | 3 | 34 | 73 | 65 | 79 | 214 |
Investments | 0 | 29,729 | 50,472 | 61,202 | 58,475 | 45,405 | 45,412 | 46,145 | 61,124 |
0 | 52,814 | 60,901 | 64,535 | 107,759 | 102,758 | 116,466 | 142,676 | 176,728 | |
Total Assets | 0 | 83,216 | 112,160 | 126,520 | 167,185 | 149,200 | 163,144 | 190,182 | 239,942 |
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 | |
---|---|---|---|---|---|---|---|---|---|
0 | -13,034 | 14,247 | -5,941 | 17,293 | 10,927 | 14,061 | 2,604 | 3,600 | |
0 | 7,171 | -5,074 | -1,008 | -412 | -3,764 | -2,826 | -2,884 | -11,969 | |
0 | 7,475 | -6,974 | 6,744 | -12,207 | -12,539 | -9,598 | 10,211 | 6,509 | |
Net Cash Flow | 0 | 1,612 | 2,198 | -205 | 4,675 | -5,376 | 1,637 | 9,930 | -1,860 |
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 | |
---|---|---|---|---|---|---|---|---|---|
ROE % | 7% | 7% | 6% | -12% | -17% | 3% | 1% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
15h - Duly authorised committee of the Board of the Bank have on April 23, 2024 approved the allotment of equity shares to the eligible employees upon …
- Grant Of Stock Options Under 'IDFC FIRST Bank Limited - Employee Stock Option Scheme' 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Apr - Copies of newspaper clippings published by the Bank dated April 19, 2024.
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Compliance Certificate - Regulation 7 (3) Of SEBI (LODR) Regulations, 2015.
17 Apr - Compliance Certificate under Regulation 7(3) of SEBI LODR Regulations, 2015 for the financial year ended March 31, 2024
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - The details of securities dematerialized/rematerialized during the quarter ended March 31, 2024 as required under regulation 74(5) of SEBI (Depositories and Participants) regulations, 2018 have …
Annual reports
Concalls
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Jan 2024TranscriptPPTREC
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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