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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 539437 | NSE: IDFCFIRSTB

Fundamental Analysis of IDFC First Bank Ltd

About the Company - IDFC First Bank Ltd

IDFC First Bank Ltd. is a Public Limited Listed company incorporated on 21/10/2014 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65110TN2014PLC097792 and registration number is 097792. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 17172.68 Cr. and Equity Capital is Rs. 6217.71 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorKRM Tower, Chennai (Madras) Tamil Nadu 600031bank.info@idfcfirstbank.com
http://www.idfcfirstbank.com
Management
NamePosition Held
Mr. Sanjeeb ChaudhuriChairman & Ind.Director
Mr. V VaidyanathanManaging Director & CEO
Mr. Vishal MahadeviaNon Exe.Non Ind.Director
Dr. Jaimini BhagwatiNon Exe.Non Ind.Director
Mr. Aashish KamatIndependent Director
Dr.(Mrs.) Brinda JagirdarIndependent Director
Mr. Pravir VohraIndependent Director
Mr. S Ganesh KumarIndependent Director
Mr. Mahendra Narandas ShahNon Exe.Non Ind.Director
Ms. Matangi GowrishankarInd. Non-Executive Director

Basic Stock Data of IDFC First Bank Ltd

Last Updated: June 17, 2024, 8:30 pm

Market Cap 55,203 Cr.
Current Price 78.0
High / Low101/70.6
Stock P/E18.8
Book Value 39.1
Dividend Yield0.00 %
ROCE7.79 %
ROE11.4 %
Face Value 10.0
PEG Ratio0.30

IDFC First Bank Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue3,9934,0894,1014,4294,5544,9225,4705,9126,4246,8697,3567,8808,220
Interest2,0321,9041,8281,8491,8842,1702,4672,6262,8273,1223,4063,5923,750
Expenses2,7243,8932,8232,9583,0312,9573,3043,6123,9014,1144,3774,8745,164
Financing Profit-763-1,708-550-378-361-205-301-326-303-367-427-587-694
Financing Margin %-19%-42%-13%-9%-8%-4%-6%-6%-5%-5%-6%-7%-8%
Other Income8188427307698318561,0611,1521,3981,3641,4101,5171,642
Depreciation0000000000000
Profit before tax55-8651793914706507608271,094996983930948
Tax %-147%28%38%26%25%25%25%25%25%27%24%21%23%
Net Profit137-621111290352485567617816732747732732
EPS in Rs0.24-1.000.180.470.570.780.910.991.231.101.111.041.04
Gross NPA %
Net NPA %

Last Updated: June 11, 2024, 2:49 am

IDFC First Bank Ltd Quarterly Chart

IDFC First Bank Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue8,5789,09812,20416,24015,96817,17322,72826,561
Interest6,5157,1268,74310,2288,5857,46510,09111,981
Expenses1,4321,7894,7029,7608,73312,32313,33816,004
Financing Profit631184-1,241-3,748-1,350-2,615-701-1,423
Financing Margin %7%2%-10%-23%-8%-15%-3%-5%
Other Income1,0191,1208241,7222,2113,1734,4675,323
Depreciation1361682,8203203433824350
Profit before tax1,5141,135-3,237-2,3465191753,3313,900
Tax %30%16%41%-21%7%24%25%
Net Profit1,019880-1,908-2,8434831322,4852,911
EPS in Rs3.002.58-3.99-5.910.850.213.754.43
Dividend Payout %25%29%0%0%0%0%0%

IDFC First Bank Ltd Profit & Loss Yearly Chart

IDFC First Bank Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:20%
3 Years:24%
TTM:33%
Compounded Profit Growth
10 Years:%
5 Years:29%
3 Years:85%
TTM:18%
Stock Price CAGR
10 Years:%
5 Years:13%
3 Years:11%
1 Year:-4%
Return on Equity
10 Years:%
5 Years:3%
3 Years:8%
Last Year:11%

Last Updated: June 17, 2024, 3:00 pm

IDFC First Bank Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital3,3993,4044,7824,8105,6766,2186,618
Reserves11,27811,87013,41810,59412,22414,86419,229
Borrowings90,360105,327140,337122,476134,322158,502201,682
Other Liabilities7,0275,7818,56311,27910,84910,56112,353
Total Liabilities112,064126,382167,099149,159163,072190,146239,882
Fixed Assets9337979409991,3701,4482,054
CWIP6334746579219
Investments50,16460,90458,24545,17445,18245,93560,913
Other Assets60,96264,677107,880102,911116,454142,684176,696
Total Assets112,064126,382167,099149,159163,072190,146239,882

IDFC First Bank Ltd Reserves and Borrowings Chart

IDFC First Bank Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 14,128-5,97817,36410,96614,0422,6793,563
Cash from Investing Activity -4,918-1,027-494-3,790-2,833-2,960-11,996
Cash from Financing Activity -6,9746,742-12,220-12,539-9,59810,2116,509
Net Cash Flow2,236-2634,649-5,3631,6109,929-1,924

IDFC First Bank Ltd Financial Efficiency Indicators

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

IDFC First Bank Ltd Financial Efficiency Indicators Chart

IDFC First Bank Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters36.56%36.52%36.51%36.49%36.48%36.47%36.38%39.99%39.93%39.37%37.45%37.43%
FIIs15.09%14.76%14.77%13.48%10.99%19.28%19.76%19.31%20.85%24.48%24.30%23.65%
DIIs11.93%10.18%10.37%9.58%10.19%9.83%9.61%7.69%7.71%5.58%6.63%6.79%
Government4.21%4.21%4.21%4.20%4.20%4.23%4.22%3.98%3.97%3.92%3.72%3.72%
Public32.21%34.33%34.15%36.24%38.14%30.18%30.02%29.05%27.54%26.66%27.90%28.38%
No. of Shareholders13,46,95814,49,85215,17,33215,68,95816,39,15216,11,34116,42,93717,07,47917,37,95520,38,98823,82,67426,11,512

IDFC First Bank Ltd Shareholding Pattern Chart

No. of IDFC First Bank Ltd Shareholders

IDFC First Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India ETF Nifty Bank BeES16,513,7272.01124.511,721,8612024-06-22859.06%
HDFC Large and Mid Cap Fund - Regular Plan13,515,9170.59101.911,721,8612024-06-22684.96%
Motilal Oswal Large and Midcap Fund12,950,0002.6797.641,721,8612024-06-22652.09%
Aditya Birla Sun Life Nifty Bank ETF7,010,7772.0152.861,721,8612024-06-22307.16%
HDFC NIFTY Bank ETF6,201,0242.0146.761,721,8612024-06-22260.13%
HDFC NIFTY Private Bank ETF2,168,4184.9916.351,721,8612024-06-2225.93%
Motilal Oswal Nifty Midcap 150 Index Fund2,061,2271.1115.541,721,8612024-06-2219.71%
Nippon India ETF Nifty Midcap 1501,930,1971.1114.551,721,8612024-06-2212.1%
LIC MF Large & Mid Cap Fund1,721,8610.5112.981,721,8612024-06-220%
Nippon India Nifty Midcap 150 Index Fund1,692,3801.112.761,721,8612024-06-22-1.71%

IDFC First Bank Ltd ROCE Trend

IDFC First Bank Ltd EPS Trend

IDFC First Bank Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.303.980.210.88-5.94
Diluted EPS (Rs.)4.233.920.210.87-5.86
Cash EPS (Rs.)4.164.410.821.45-5.25
Book Value[Excl.RevalReserv]/Share (Rs.)45.6539.0633.9131.5432.02
Book Value[Incl.RevalReserv]/Share (Rs.)45.6539.0633.9131.5432.02
Operating Revenue / Share (Rs.)42.8934.3427.6228.1333.76
Net Profit / Share (Rs.)4.163.750.210.85-5.91
Net Profit After MI / Share (Rs.)4.163.750.210.85-5.91
Net Profit Margin (%)9.7010.930.773.02-17.50
Net Profit After MI And SOA Nargin (%)9.7010.930.773.02-17.50
Operating Profit Margin (%)-9.85-8.72-17.70-11.08-28.11
Return On Assets (%)0.991.030.060.29-1.90
Return On Equity / Networth (%)9.119.610.622.69-18.45
Net Interest Margin (X)5.555.265.104.524.03
Cost To Income (%)53.6253.7562.6550.2358.88
Interest Income / Total Assets (%)10.239.479.039.7910.88
Non-Interest Income / Total Assets (%)2.001.861.661.381.15
Operating Profit / Total Assets (%)-1.00-0.82-1.59-1.08-3.06
Operating Expenses / Total Assets (%)5.455.045.044.323.86
Interest Expenses / Total Assets (%)4.684.203.925.266.85
Enterprise Value (Rs.Cr.)293817.61227532.22177491.19161267.27129276.60
EV Per Net Sales (X)9.6910.0110.3410.107.96
Price To Book Value (X)1.651.411.171.770.65
Price To Sales (X)1.761.601.441.980.62
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.050.060.010.01-0.28

IDFC First Bank Ltd Profitability Ratios (%)

IDFC First Bank Ltd Liquidity Ratios

IDFC First Bank Ltd Liquidity Ratios (%)

IDFC First Bank Ltd Interest Coverage Ratios (%)

IDFC First Bank Ltd Valuation Ratios

Fair Value

Fair Value: 85.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.58% compared to the current price 78

Intrinsic Value: 138.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 77.25% compared to the current price ₹78

Last 5 Year EPS CAGR: 61.74%

*Investments are subject to market risks

Strength and Weakness of IDFC First Bank Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of IDFC First Bank Ltd?

The latest fair value of IDFC First Bank Ltd is ₹85.48.

What is the Market Cap of IDFC First Bank Ltd?

The Market Cap of IDFC First Bank Ltd is 55,203 Cr..

What is the current Stock Price of IDFC First Bank Ltd as on 23 June 2024?

The current stock price of IDFC First Bank Ltd as on 23 June 2024 is ₹78.0.

What is the High / Low of IDFC First Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of IDFC First Bank Ltd stocks is 101/70.6.

What is the Stock P/E of IDFC First Bank Ltd?

The Stock P/E of IDFC First Bank Ltd is 18.8.

What is the Book Value of IDFC First Bank Ltd?

The Book Value of IDFC First Bank Ltd is 39.1.

What is the Dividend Yield of IDFC First Bank Ltd?

The Dividend Yield of IDFC First Bank Ltd is 0.00 %.

What is the ROCE of IDFC First Bank Ltd?

The ROCE of IDFC First Bank Ltd is 7.79 %.

What is the ROE of IDFC First Bank Ltd?

The ROE of IDFC First Bank Ltd is 11.4 %.

What is the Face Value of IDFC First Bank Ltd?

The Face Value of IDFC First Bank Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IDFC First Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE