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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

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.
Finance - Banks - Private SectorKRM Tower, Chennai (Madras) Tamil Nadu
NamePosition Held
Mr. Sanjeeb ChaudhuriChairman & Ind.Director
Mr. V VaidyanathanManaging Director & CEO
Mr. Madhivanan BalakrishnanCOO & Executive Director
Mr. Ajay SondhiNon Exe.Non Ind.Director
Mr. Vishal MahadeviaNon Exe.Non Ind.Director
Dr. Jaimini BhagwatiNon Exe.Non Ind.Director
Mr. Aashish KamatIndependent Director
Dr.(Mrs.) Brinda JagirdarIndependent Director
Mr. Hemang RajaIndependent Director
Mr. Pravir VohraIndependent Director
Mr. S Ganesh KumarIndependent Director

IDFC First Bank Ltd. Share Price Update

Share PriceValue
Previous Day₹81.18

Basic Stock Data of IDFC First Bank Ltd

Market Cap 58,630 Cr.
Current Price 83.0
High / Low101/52.1
Stock P/E19.4
Book Value 39.1
Dividend Yield0.00 %
ROCE6.59 %
ROE10.6 %
Face Value 10.0

Data Source:

IDFC First Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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%
Other Income7398188427307698318561,0611,1521,3981,3641,4101,517
Profit before tax19055-8651793914706507608271,094996983930
Tax %28%-147%28%38%26%25%25%25%25%25%27%24%21%
Net Profit137137-621111290352485567617816732747732
EPS in Rs0.240.24-
Gross NPA %
Net NPA %

IDFC First Bank Ltd Quarterly Chart

IDFC First Bank Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
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
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:12%
Compounded Profit Growth
10 Years:%
5 Years:23%
3 Years:42%
Stock Price CAGR
10 Years:%
5 Years:12%
3 Years:10%
1 Year:52%
Return on Equity
10 Years:%
5 Years:-2%
3 Years:5%
Last Year:11%

IDFC First Bank Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital3,3993,4044,7824,8105,6766,2186,618
Other Liabilities7,0275,7818,56311,27910,84910,56112,353
Total Liabilities112,064126,382167,099149,159163,072190,146239,882
Fixed Assets9337979409991,3701,4482,054
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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Oct 2023
No. of Shareholders11,83,36213,46,95814,49,85215,17,33215,68,95816,39,15216,11,34116,42,93717,07,47917,37,95520,38,98820,93,685

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)
Tata Large & Mid Cap Fund - Regular Plan270000004.25223.29
Tata Large & Mid Cap Fund - Regular Plan270000004.25223.29
Aditya Birla Sun Life ELSS Tax Relief 96213973361.31176.96
Nippon India ETF Nifty Bank BeES128147741.82105.98
Tata Mid Cap Growth Fund - Regular Plan109914153.690.9
Kotak Nifty Bank ETF91015841.8275.27
SBI Nifty Bank ETF90596831.8274.92
Aditya Birla Sun Life Equity Advantage Fund72206851.259.72
Aditya Birla Sun Life Pure Value Fund58813941.0348.64
Aditya Birla Sun Life Nifty Bank ETF55995911.8246.31

IDFC First Bank Ltd ROCE Trend

IDFC First Bank Ltd EPS Trend

IDFC First Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.980.210.88-5.94-4.66
Diluted EPS (Rs.)3.920.210.87-5.86-4.63
Cash EPS (Rs.)4.410.821.45-5.251.97
Book Value[Excl.RevalReserv]/Share (Rs.)39.0633.9131.5432.0238.06
Book Value[Incl.RevalReserv]/Share (Rs.)39.0633.9131.5432.0238.06
Operating Revenue / Share (Rs.)34.3427.6228.1333.7625.52
Net Profit / Share (Rs.)3.750.210.85-5.91-3.93
Net Profit After MI / Share (Rs.)3.750.210.85-5.91-3.99
Net Profit Margin (%)10.930.773.02-17.50-15.40
Net Profit After MI And SOA Nargin (%)10.930.773.02-17.50-15.63
Operating Profit Margin (%)-8.72-17.70-11.08-28.11-23.09
Return On Assets (%)
Return On Equity / Networth (%)9.610.622.69-18.45-10.48
Net Interest Margin (X)
Cost To Income (%)53.7562.6550.2358.8847.77
Interest Income / Total Assets (%)9.479.039.7910.887.30
Non-Interest Income / Total Assets (%)1.861.661.381.150.56
Operating Profit / Total Assets (%)-0.82-1.59-1.08-3.06-1.68
Operating Expenses / Total Assets (%)
Interest Expenses / Total Assets (%)4.203.925.266.855.23
Enterprise Value (Rs.Cr.)227532.22177491.19161267.27129276.60162630.90
EV Per Net Sales (X)10.0110.3410.107.9613.33
Price To Book Value (X)1.411.171.770.651.45
Price To Sales (X)1.601.441.980.622.16
Retention Ratios (%)100.00100.00100.00100.00116.13
Earnings Yield (X)

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 of IDFC First Bank Ltd Stock

Fair Value: ₹82.01

The stock is overvalued by 1.19% compared to the current price ₹83

*Investments are subject to market risks

Strength and Weakness of IDFC First Bank Ltd Stock

Unable to fetch valid data for stock valuation.

About the Author

Author Avatar

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 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