IDFC First Bank Ltd

About [ edit ]

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 [ edit ]
  • Market Cap 35,184 Cr.
  • Current Price 56.8
  • High / Low 69.3 / 18.4
  • Stock P/E 83.2
  • Book Value 24.8
  • Dividend Yield 0.00 %
  • ROCE 5.32 %
  • ROE -16.9 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.40%
  • Company has a low return on equity of -7.98% for last 3 years.
  • Contingent liabilities of Rs.281593.88 Cr.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 2,378 2,400 3,728 3,697 3,866 4,106 4,199 4,069 3,928 3,913 4,077
Interest 1,829 1,882 2,518 2,515 2,617 2,654 2,565 2,392 2,205 2,140 2,208
470 1,132 1,300 1,863 2,515 1,619 3,827 2,043 2,071 1,804 2,438
Financing Profit 79 -614 -90 -680 -1,266 -167 -2,193 -365 -348 -32 -569
Financing Margin % 3% -26% -2% -18% -33% -4% -52% -9% -9% -1% -14%
Other Income 199 119 -2,339 273 311 348 579 484 485 168 759
Depreciation 47 51 60 0 0 76 0 0 0 0 0
Profit before tax 231 -545 -2,488 -407 -955 104 -1,614 118 136 137 190
Tax % 14% 38% 39% 48% 36% 748% -1% 35% 27% 20% 28%
Net Profit 192 -358 -1,529 -212 -612 -677 -1,632 76 100 109 137
EPS in Rs 0.56 -1.05 -4.49 -0.44 -1.28 -1.41 -3.41 0.16 0.18 0.19 0.24
Gross NPA %
Net NPA %

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 8,578 9,098 12,204 16,240 15,987
Interest 6,515 7,126 8,743 10,228 8,945
1,427 1,788 4,701 9,760 8,357
Financing Profit 636 185 -1,240 -3,748 -1,315
Financing Margin % 7% 2% -10% -23% -8%
Other Income 1,014 1,119 823 1,722 1,896
Depreciation 136 168 2,820 320 0
Profit before tax 1,514 1,135 -3,237 -2,346 582
Tax % 30% 16% 41% -21%
Net Profit 1,019 880 -1,908 -2,843 423
EPS in Rs 3.00 2.58 -3.99 -5.91 0.77
Dividend Payout % 25% 29% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:24%
TTM:1%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:113%
Stock Price CAGR
10 Years:%
5 Years:3%
3 Years:8%
1 Year:180%
Return on Equity
10 Years:%
5 Years:%
3 Years:-8%
Last Year:-17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
3,399 3,404 4,782 4,810
Reserves 11,277 11,870 13,418 10,594
Borrowings 90,360 105,327 140,337 122,476
7,028 5,781 8,563 11,279
Total Liabilities 112,064 126,382 167,099 149,159
933 797 940 999
CWIP 6 3 34 74
Investments 50,164 60,904 58,245 45,174
60,962 64,677 107,880 102,911
Total Assets 112,064 126,382 167,099 149,159

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
14,128 -5,978 17,364 10,966
-4,918 -1,027 -494 -3,790
-6,974 6,742 -12,220 -12,539
Net Cash Flow 2,236 -263 4,649 -5,363

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 6% -11% -17%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
54.30 56.16 56.18 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 39.98
10.41 10.27 9.72 13.50 13.75 16.36 15.10 13.56 11.31 11.23 11.57 11.88
8.28 6.55 5.45 4.02 3.98 3.98 4.32 4.41 11.25 11.11 11.33 11.23
7.68 7.68 7.68 5.47 5.47 5.47 5.46 5.43 4.61 4.61 4.61 4.61
19.33 19.34 20.97 37.01 36.80 34.20 35.12 36.59 32.83 33.05 32.49 32.31

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