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 ₹ 53,343 Cr.
- Current Price ₹ 75.4
- High / Low ₹ 101 / 53.4
- Stock P/E 17.8
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 7% |
3 Years: | 10% |
1 Year: | 43% |
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% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 14h
- Re-Appointment Of Mr. Sanjeeb Chaudhuri As The Part-Time Non-Executive Chairperson (Independent) Of The Bank 19h
- Closure of Trading Window 24h
- Board Meeting Intimation for Intimation Of Board Meeting Of IDFC FIRST Bank Limited Under Regulation 29 Of The SEBI Listing Regulations And Closure Of Trading Window. 24h
- Disclosure Under Regulation(S) 30 And 51 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') 1d
Annual reports
Concalls
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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