IDFC First Bank Ltd

IDFC First Bank Ltd

₹ 81.0 -0.98%
21 Feb 4:12 p.m.
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

  • Market Cap 57,216 Cr.
  • Current Price 81.0
  • High / Low 101 / 52.1
  • Stock P/E 18.9
  • Book Value 39.1
  • Dividend Yield 0.00 %
  • ROCE 6.59 %
  • ROE 10.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.0% 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.
  • Promoter holding has decreased over last quarter: -1.92%
  • Company has a low return on equity of 5.18% over last 3 years.
  • Contingent liabilities of Rs.3,63,404 Cr.
  • Earnings include an other income of Rs.5,688 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 4,101 3,993 4,089 4,101 4,429 4,554 4,922 5,470 5,912 6,424 6,869 7,356 7,880
Interest 2,208 2,032 1,904 1,828 1,849 1,884 2,170 2,467 2,626 2,827 3,122 3,406 3,592
2,441 2,724 3,893 2,823 2,958 3,031 2,957 3,304 3,612 3,901 4,114 4,377 4,874
Financing Profit -548 -763 -1,708 -550 -378 -361 -205 -301 -326 -303 -367 -427 -587
Financing Margin % -13% -19% -42% -13% -9% -8% -4% -6% -6% -5% -5% -6% -7%
739 818 842 730 769 831 856 1,061 1,152 1,398 1,364 1,410 1,517
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 190 55 -865 179 391 470 650 760 827 1,094 996 983 930
Tax % 28% -147% 28% 38% 26% 25% 25% 25% 25% 25% 27% 24% 21%
137 137 -621 111 290 352 485 567 617 816 732 747 732
EPS in Rs 0.24 0.24 -1.00 0.18 0.47 0.57 0.78 0.91 0.99 1.23 1.10 1.11 1.04
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 TTM
Revenue 8,578 9,098 12,204 16,240 15,968 17,173 22,728 28,529
Interest 6,515 7,126 8,743 10,228 8,585 7,465 10,091 12,947
1,432 1,789 4,702 9,760 8,733 12,323 13,338 17,266
Financing Profit 631 184 -1,241 -3,748 -1,350 -2,615 -701 -1,684
Financing Margin % 7% 2% -10% -23% -8% -15% -3% -6%
1,019 1,120 824 1,722 2,211 3,173 4,467 5,688
Depreciation 136 168 2,820 320 343 382 435 0
Profit before tax 1,514 1,135 -3,237 -2,346 519 175 3,331 4,003
Tax % 30% 16% 41% -21% 7% 24% 25%
1,019 880 -1,908 -2,843 483 132 2,485 3,027
EPS in Rs 3.00 2.58 -3.99 -5.91 0.85 0.21 3.75 4.48
Dividend Payout % 25% 29% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 12%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 42%
TTM: 50%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 9%
1 Year: 48%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: 5%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 3,399 3,404 4,782 4,810 5,676 6,218 6,618
Reserves 11,278 11,870 13,418 10,594 12,224 14,864 19,229
90,360 105,327 140,337 122,476 134,322 158,502 201,682
7,027 5,781 8,563 11,279 10,849 10,561 12,353
Total Liabilities 112,064 126,382 167,099 149,159 163,072 190,146 239,882
933 797 940 999 1,370 1,448 2,054
CWIP 6 3 34 74 65 79 219
Investments 50,164 60,904 58,245 45,174 45,182 45,935 60,913
60,962 64,677 107,880 102,911 116,454 142,684 176,696
Total Assets 112,064 126,382 167,099 149,159 163,072 190,146 239,882

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
39.98% 36.56% 36.52% 36.51% 36.49% 36.48% 36.47% 36.38% 39.99% 39.93% 39.37% 37.45%
11.88% 15.09% 14.76% 14.77% 13.48% 10.99% 19.28% 19.76% 19.31% 20.85% 24.48% 24.30%
11.23% 11.93% 10.18% 10.37% 9.58% 10.19% 9.83% 9.61% 7.69% 7.71% 5.58% 6.63%
4.61% 4.21% 4.21% 4.21% 4.20% 4.20% 4.23% 4.22% 3.98% 3.97% 3.92% 3.72%
32.31% 32.21% 34.33% 34.15% 36.24% 38.14% 30.18% 30.02% 29.05% 27.54% 26.66% 27.90%
No. of Shareholders 11,83,36213,46,95814,49,85215,17,33215,68,95816,39,15216,11,34116,42,93717,07,47917,37,95520,38,98823,82,674

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls