Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IDFC Ltd

About the Company - IDFC Ltd

IDFC Ltd. is a Public Limited Listed company incorporated on 30/01/1997 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65191TN1997PLC037415 and registration number is 037415. Currently company belongs to the Industry of Finance - Term Lending Institutions. Company’s Total Operating Revenue is Rs. 54.68 Cr. and Equity Capital is Rs. 1596.44 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Holding Company4th Floor, Capital Tower, Chennai (Madras) Tamil Nadu 600018info@idfclimited.com
http://www.idfclimited.com
Management
NamePosition Held
Mr. Anil SinghviChairman(NonExe.&Ind.Director)
Mr. Mahendra N ShahManaging Director
Mr. Bipin GemaniWholeTime Director & CFO
Mr. Ajay SondhiIndependent Director
Dr. Jaimini BhagwatiIndependent Director
Ms. Anita BelaniIndependent Director

Basic Stock Data of IDFC Ltd

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

Market Cap 18,379 Cr.
Current Price 115
High / Low137/96.5
Stock P/E17.6
Book Value 83.6
Dividend Yield0.00 %
ROCE8.49 %
ROE8.37 %
Face Value 10.0
PEG Ratio0.17

IDFC Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8710421329542224930532737
Expenses2322805845653668344976
Operating Profit-145-176-37-4532418-414472541931
OPM %-167%-170%-177%-16,431%81%33%-163%65%94%85%7%72%84%
Other Income527846246362152452972493,754256200
Interest5410000000070
Depreciation-12501000000000
Profit before tax-133-18239-409269542112603432753,758268230
Tax %-10%-13%-7%-0%3%67%8%3%3%1%10%1%3%
Net Profit-147-20642-410263181942523322723,387264224
EPS in Rs-0.91-1.290.26-2.571.640.111.221.582.081.7021.171.651.40

IDFC Ltd Quarterly Chart

IDFC Ltd Profit & Loss

Last Updated: May 27, 2024, 5:31 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,4208,1458,7789,7208,96810,4006283563423488154108
Expenses7688441,1411,7771,4901,8065171,2001,274503256467
Operating Profit5,6537,3017,6377,9437,4788,594112-844-932-469649141
OPM %88%90%87%82%83%83%18%-237%-273%-1,364%72%59%38%
Other Income15312-0-2,640-3984-10731171614,5454,427
Interest3,4564,6765,0555,6585,7366,65016310007
Depreciation383431-61621491314323000
Profit before tax2,1732,5942,5632,346-9591,7911,082-970-936-3111254,6354,461
Tax %29%29%29%25%38%27%18%15%-6%-8%48%8%
Net Profit1,5531,8441,8261,728-6571,240885-822-996-337644,2444,085
EPS in Rs10.2812.1211.8910.72-5.864.385.44-5.26-6.23-2.100.4026.5225.53
Dividend Payout %22%21%22%24%0%6%14%0%-51%0%249%45%

IDFC Ltd Profit & Loss Yearly Chart

IDFC Ltd Growth

Compounded Sales Growth
10 Years:-33%
5 Years:-24%
3 Years:-23%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-42%
Stock Price CAGR
10 Years:9%
5 Years:26%
3 Years:33%
1 Year:34%
Return on Equity
10 Years:1%
5 Years:-10%
3 Years:-11%
Last Year:-25%

Last Updated: April 25, 2024, 6:51 am

IDFC Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,5121,5151,5161,5931,5941,5961,5961,5961,5961,5961,5961,6001,600
Reserves10,77312,16813,52415,6848,5159,2249,6808,7886,7246,6197,3309,99710,526
Borrowings46,43554,22756,56566,25265,74992,1533,54404738000
Other Liabilities2,2563,1463,5543,53410,99414,6507671732001102378952
Total Liabilities60,97771,05675,15987,06286,851117,62315,58710,5588,5688,3629,16411,68612,178
Fixed Assets1,3471,3021,2851,3701,7252,2021,270885918834000
CWIP3701142960000000
Investments7,53411,00411,30929,97530,70351,6879,3798,6736,6817,3867,70211,22111,367
Other Assets52,06058,75062,56555,70354,39463,7284,9371,0009691431,461466811
Total Assets60,97771,05675,15987,06286,851117,62315,58710,5588,5688,3629,16411,68612,178

IDFC Ltd Reserves and Borrowings Chart

IDFC Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -9,256-5,498-1,4867,5242,994-3,806-7613,418-1,206-102434,128
Cash from Investing Activity -57-2,006184-17,6288,640-20,361-7131542,386-509204-2,356
Cash from Financing Activity 9,1087,5891,43210,010-8,89126,3821,183-3,729-652-25-3-1,900
Net Cash Flow-20585130-942,7432,215-291-157528-636244-129

IDFC Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2272721213141913500
Inventory Days
Days Payable
Cash Conversion Cycle2272721213141913500
Working Capital Days-177-331-58-285-28288-11059153-3713,94584
ROCE %11%11%11%10%9%9%2%-5%-10%-5%0%-24%

IDFC Ltd Financial Efficiency Indicators Chart

IDFC Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
FIIs29.88%24.80%24.25%24.27%23.31%21.34%20.58%21.22%21.45%20.42%21.75%20.03%
DIIs7.66%7.95%7.21%6.19%7.08%11.84%12.49%16.86%17.38%20.48%20.67%15.64%
Government16.37%16.37%16.37%16.37%16.37%16.37%16.37%16.48%16.46%16.45%16.45%16.45%
Public46.09%50.87%52.17%53.17%53.24%50.45%50.55%45.44%44.72%42.65%41.13%47.86%
No. of Shareholders4,31,9544,48,2984,53,1684,42,4104,56,8374,44,3854,56,4084,34,8814,40,1694,61,9684,52,8425,80,405

IDFC Ltd Shareholding Pattern Chart

No. of IDFC Ltd Shareholders

IDFC Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan51,071,5442.52584.774,500,0002024-06-211034.92%
Nippon India Arbitrage Fund8,410,0000.8596.294,500,0002024-06-2186.89%
Kotak Balanced Advantage Fund8,070,0000.6392.44,500,0002024-06-2179.33%
SBI Arbitrage Opportunities Fund6,840,0000.3578.324,500,0002024-06-2152%
Tata Hybrid Equity Fund - Regular Plan6,800,0002.3577.864,500,0002024-06-2151.11%
ICICI Prudential Equity - Arbitrage Fund6,290,0000.4772.024,500,0002024-06-2139.78%
Aditya Birla Sun Life Flexi Cap Fund6,085,5200.4169.684,500,0002024-06-2135.23%
Kotak Equity Savings Fund - Regular Plan4,500,0001.5751.534,500,0002024-06-210%
Aditya Birla Sun Life Banking And Financial Services Fund4,279,8001.76494,500,0002024-06-21-4.89%
DSP Arbitrage Fund3,890,0001.744.544,500,0002024-06-21-13.56%

IDFC Ltd ROCE Trend

IDFC Ltd EPS Trend

IDFC Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.5326.560.40-2.11-6.24
Diluted EPS (Rs.)6.5326.560.40-2.11-6.24
Cash EPS (Rs.)0.2020.440.370.940.24
Book Value[Excl.RevalReserv]/Share (Rs.)83.6372.4855.9151.4652.12
Book Value[Incl.RevalReserv]/Share (Rs.)83.6372.4855.9151.4652.12
Revenue From Operations / Share (Rs.)0.400.960.552.552.13
PBDIT / Share (Rs.)0.290.560.351.460.76
PBIT / Share (Rs.)0.290.560.321.340.56
PBT / Share (Rs.)0.250.560.321.250.55
Net Profit / Share (Rs.)0.2020.440.350.810.05
NP After MI And SOA / Share (Rs.)6.5326.520.40-2.10-6.23
PBDIT Margin (%)72.7058.9263.7757.4235.95
PBIT Margin (%)72.6458.8759.7352.4426.68
PBT Margin (%)61.5558.8759.1949.2425.92
Net Profit Margin (%)49.422125.5664.7431.962.44
NP After MI And SOA Margin (%)1595.332758.8172.72-82.57-291.99
Return on Networth / Equity (%)7.8136.590.71-4.09-11.95
Return on Capital Employeed (%)0.350.770.582.571.08
Return On Assets (%)7.7836.310.69-4.01-11.61
Asset Turnover Ratio (%)0.010.010.010.000.01
Current Ratio (X)1374.24253.7341.9481.1645.28
Quick Ratio (X)1374.24253.7341.9481.1645.28
Dividend Payout Ratio (NP) (%)0.0038.430.000.00-50.54
Dividend Payout Ratio (CP) (%)0.0038.420.000.00-52.19
Earning Retention Ratio (%)0.0061.570.000.00150.54
Cash Earning Retention Ratio (%)0.0061.580.000.00152.19
Interest Coverage Ratio (X)6.550.00116.9817.9247.48
Interest Coverage Ratio (Post Tax) (X)5.460.00-16.4610.9511.83
Enterprise Value (Cr.)17462.5212182.469546.057485.291646.59
EV / Net Operating Revenue (X)266.4479.19108.4218.394.83
EV / EBITDA (X)366.47134.40170.0132.0313.44
MarketCap / Net Operating Revenue (X)270.1281.65111.6918.566.96
Retention Ratios (%)0.0061.560.000.00150.54
Price / BV (X)1.321.081.100.910.28
Price / Net Operating Revenue (X)270.5481.69111.8018.566.96
EarningsYield0.050.330.01-0.04-0.41

IDFC Ltd Profitability Ratios (%)

IDFC Ltd Liquidity Ratios

IDFC Ltd Liquidity Ratios (%)

IDFC Ltd Interest Coverage Ratios (%)

IDFC Ltd Valuation Ratios

Fair Value

Fair Value: 125.62

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: 9.23% compared to the current price 115

Intrinsic Value: 252.41

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: 119.49% compared to the current price ₹115

Last 5 Year EPS CAGR: 100.94%

*Investments are subject to market risks

Strength and Weakness of IDFC Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.61 and average Dividend Yield of 54.07%.
  2. The stock has a low average Working Capital Days of -28.42, which is a positive sign.
  1. The stock has a low average ROCE of 1.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 20.17, which may not be favorable.
  3. The company has higher borrowings (29,616.15) compared to reserves (9,965.54), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (135.31) and profit (-233.31).

FAQ

What is the latest fair value of IDFC Ltd?

The latest fair value of IDFC Ltd is ₹125.62.

What is the Market Cap of IDFC Ltd?

The Market Cap of IDFC Ltd is 18,379 Cr..

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

The current stock price of IDFC Ltd as on 23 June 2024 is ₹115.

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

In FY 2024, the High / Low of IDFC Ltd stocks is 137/96.5.

What is the Stock P/E of IDFC Ltd?

The Stock P/E of IDFC Ltd is 17.6.

What is the Book Value of IDFC Ltd?

The Book Value of IDFC Ltd is 83.6.

What is the Dividend Yield of IDFC Ltd?

The Dividend Yield of IDFC Ltd is 0.00 %.

What is the ROCE of IDFC Ltd?

The ROCE of IDFC Ltd is 8.49 %.

What is the ROE of IDFC Ltd?

The ROE of IDFC Ltd is 8.37 %.

What is the Face Value of IDFC Ltd?

The Face Value of IDFC 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 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