IDFC First Bank

IDFC First Bank Ltd.

NSE: IDFCFIRSTB BSE: 539437 SECTOR: Bank - Private  266k   2k   1k

31.00
+1.25 (4.20%)
NSE: 24 Jun 03:59 PM

Price Summary

Today's High

₹ 31.35

Today's Low

₹ 29.9

52 Week High

₹ 58.8

52 Week Low

₹ 28.95

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 19279.17 Cr.

CASA %

51.75

No. of Shares

621.91 Cr.

P/E

132.54

P/B

0.92

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  33.75

Net Interest Income

₹ 7380.26 Cr.

Cost To Income %

73.63

Promoter Holding

36.49 %

EPS (TTM)

₹  0.23

CAR %

13.77

ROE

2.73 %

ROCE

6.35%

Profit Growth

115.79 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 25 Indices.

BANKNIFTY

Nifty Bank
33627.45
  492.449999999997 (1.48619284744227%)

NIFTYMIDCAP

NIFTY Midcap 100
26449.05
  369.099999999999 (1.41526344950813%)

NIFTYPTBNK

Nifty Private Bank
16887.35
  291.25 (1.75493037520864%)

NIFTY500

Nifty 500
13322.5
  143.700000000001 (1.09038759219353%)

NIFTYMIDCAP150

Nifty Midcap 150
9980.8
  135.75 (1.37886552125179%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
9282.25
  136 (1.48694820281536%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
8659.85
  100.65 (1.17592765679035%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
8608
  107.549999999999 (1.26522713503401%)

NIFTY200

Nifty 200
8258.6
  84.7000000000007 (1.03622505780596%)

NIFTYTOTALMCAP

Nifty Total Market index
7409.25
  81.25 (1.10876091703056%)

MIDCAP50

Nifty Midcap 50
7314.4
  101.45 (1.40649803478465%)

NIFTYMIDSELECT

Nifty Midcap Select
6366.35
  87.4500000000007 (1.39275987832266%)

NIFTYHIGHBETA

Nifty High Beta 50
1691.64
  -8.4699999999998 (-0.498203057449209%)

NIFTYFULLMIDCAP100

NIFTY FULL MIDCAP 100
5987.56
  -42.7999999999993 (-0.709742038617911%)

MIDCAP

S&P Bse Mid Cap
21803.16
  328.34 (1.52895344408008%)

BSE500

S&P Bse 500
21223.98
  225.43 (1.07355031656948%)

BSEPVTBANK

S&P Bse Private Bank
12638.69
  196.83 (1.58199818998124%)

MID150

S&P Bse 150 MidCap
7657.04
  107.5 (1.42392781546956%)

FIN

S&P Bse Finance
7225.03
  99.6700000000001 (1.39880651644269%)

BSE200

S&P Bse 200
6782.42
  68.8699999999999 (1.02583580966851%)

LMI250

S&P Bse 250 LargeMidCap
6412.51
  65.6999999999998 (1.03516569741335%)

ALLCAP

S&P Bse Allcap
6091.96
  66.8599999999997 (1.10969112545849%)

MSL400

S&P Bse 400 MidSmallCap
5769.69
  84.3399999999992 (1.48346188009532%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
6376.2
  64.8699999999999 (1.02783406983948%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
6186.51
  95.3800000000001 (1.56588350601612%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

ROE%

1 Year2.73%
3 Year-8.67%
5 Year-2.61%

ROA%

1 Year0.29%
3 Year-0.95%
5 Year-0.22%

Net NPA%

1 Year1.86%
3 Year1.37%
5 Year1.39%

 NIM

1 Year4.86%
3 Year3.81%
5 Year2.97%

CAR %

13.77

Cost of Liabilities %

6.38604074805947

PEG Ratio

1.17

Advances Growth %

17.4714686489517

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 36.49 0
Dec 2021 36.51 0
Sep 2021 36.52 0
Jun 2021 36.56 0
Mar 2021 39.98 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 3.80964223709826% since last 3 years.
  • CASA stands at 51.7498623557641% of total deposits.
  • The company has delivered good Income growth of 21.3754441198895% over the past 3 years.
  • Strong Advances growth of 24.451875602305% in the last 3 years.
  • Good CASA Growth of 19.5884082141858% 1 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.94829291996978%
  • Company has a low ROE of -8.66881268587276% over the last 3 years.
  • High Cost to income ratio of 73.6278959880025%.
  • The company has delivered poor Profit Growth of -19.260312532748% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Interest Earned 3992.87 4089.29 4100.59 4429.16 4553.64
Other Income 818.31 848.77 779.71 768.63 831.24
Interest Expended 2032.61 1904.5 1828.43 1849.2 1884.4
Operating Expenses 2155.56 2032.34 2359.29 2578.86 2673.96
Total Provisions 579.9 1878.61 474.95 391.85 369.47
Profit Before Tax 43.11 -877.39 217.63 377.88 457.05
Tax -84.7 -247.35 65.89 96.82 114.32
Net Profit 127.81 -630.04 151.74 281.06 342.73
Net NPA % 1.86 2.32 2.09 1.74 1.53
Gross NPA % 4.15 4.61 4.27 3.96 3.7
Return on Assets % 0.33 -1.52 0.35 0.64 0.76
NPM % 3.2 -15.41 3.7 6.35 7.53

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Interest Earned 8532.71 8930 11948.17 16307.56 15967.86
Other Income 1013.12 1117.89 852.08 1722.16 2253.7
Interest Expended 6515.39 7131.91 8749.08 10232 8587.6
Operating Expenses 1276.98 1652.59 5886.73 5860.99 7093.28
Total Provisions 282.5 236.09 1459.63 4315.26 2064.9
Profit Before Tax 1470.96 1027.3 -3295.19 -2378.52 475.78
Taxes 451.22 168 -1351.01 485.69 23.5
Net Profit 1019.74 859.3 -1944.18 -2864.21 452.28
Adjusted EPS (Rs.) 3 2.52 -4.07 -5.95 0.8

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 3399.01 3404.07 4781.68 4809.9 5675.85
Total Reserves 11277.97 11852.46 13377.59 10532.7 12131.95
Deposits 40208.22 48198.2 70479.01 65107.97 88688.42
Borrowings 50262.19 57287.07 69983.39 57397.19 45786.09
Other Liabilities 7011.2 5778.37 8563.2 11352.64 10861.48
Total Liabilities 112159.66 126520.18 167184.86 149200.4 163143.88
Assets
Balance with RBI 3036.29 3050.86 4149.53 3379.92 4745.93
Balance with Banks 2065.71 1840.94 5417.25 810.86 1081.93
Investments 50471.7 61201.53 58475.39 45404.58 45411.74
Advances 49401.68 52164.89 86302.29 85595.36 100550.13
Net Block 781.18 780.74 916.59 964.66 1201.15
Other Assets 6397.73 7477.83 11890.21 12971.95 10087.74
Total Assets 112159.66 126520.18 167184.86 149200.4 163143.88
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 39.98 36.56 36.52 36.51 36.49
idfc financial hol... 39.98 36.56 36.52 36.51 36.49
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 60.02 63.44 63.48 63.49 63.51
cloverdell investm... 8.31 7.60 7.59 7.59 7.59
qualified institut... - 7.90 - - -
insurance companies - - - - -
president of india 4.61 4.21 4.21 4.21 4.20
odyssey 44 a s 4.03 3.68 3.68 3.68 3.68
icici prudential l... 4.56 3.75 3.31 3.30 3.30
aditya birla sun l... - - - - -
aditya birla sun l... 1.89 - - - -
aditya birla sun l... - - - 1.80 -
bajaj allianz life... 1.62 1.84 1.17 1.20 1.20
aditya birla sun l... - 1.80 1.83 - -
bajaj allianz life... - - - - -
dayside investment... 1.62 1.48 1.48 1.48 1.48
hdfc life insuranc... 1.53 1.29 - - -
baillie gifford em... - 1.06 1.12 1.12 -
baillie gifford pa... - - - 1.00 -
pension fund - - - - -
iepf 0.01 0.01 0.01 0.01 0.01
ecgc limited - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

IDFC First Bank informs about allotment under ESOS18 Jun 2022, 12:49PM IDFC First Bank informs about credit rating7 Jun 2022, 1:00PM IDFC First Bank enters into alliance with CarTrade Tech31 May 2022, 2:30PM IDFC FIRST Bank informs about allotment of equity under ESOP19 May 2022, 12:29PM IDFC First Bank reports around 3-fold jump in Q4 consolidated net profit2 May 2022, 12:37PM IDFC First Bank - Quaterly Results30 Apr 2022, 4:13PM IDFC First Bank - Quaterly Results30 Apr 2022, 4:13PM IDFC First Bank - Quaterly Results30 Apr 2022, 4:13PM IDFC First Bank informs about earnings call22 Apr 2022, 5:12PM IDFC First Bank reports 12% rise in customer deposits in Q4FY224 Apr 2022, 5:22PM IDFC First Bank informs about newspaper advertisements1 Apr 2022, 4:53PM IDFC First Bank informs about closure of trading window25 Mar 2022, 5:05PM IDFC First Bank informs about allotment of equity shares17 Mar 2022, 1:11PM IDFC First Bank, Hero Electric enter into partnership for vehicle finance 25 Feb 2022, 10:42AM IDFC First Bank gets authorization to collect green tax at Manali toll plazas11 Feb 2022, 3:09PM IDFC First Bank raises Rs 1,500 crore via Tier-2 bonds 8 Feb 2022, 6:08PM IDFC FIRST Bank reports 2-fold jump in Q3 consolidated net profit31 Jan 2022, 2:18PM IDFC First Bank gets nod to raise fund through bonds25 Jan 2022, 2:41PM IDFC First Bank registers 10% growth in total deposits in Q3FY224 Jan 2022, 11:51AM IDFC First Bank’s board favours merger with IDFC, IDFC Financial Holding31 Dec 2021, 11:27AM IDFC First Bank informs about outcome of postal ballot4 Dec 2021, 11:31AM IDFC First Bank, Visa unveil country’s first-ever standalone metal debit card30 Nov 2021, 3:27PM IDFC FIRST Bank partners with Hindustan Petroleum Corporation19 Nov 2021, 4:06PM IDFC First Bank submits newspaper advertisement6 Nov 2021, 10:45AM IDFC First Bank reports marginal rise in Q2 consolidated net profit1 Nov 2021, 12:10PM IDFC First Bank informs about earnings call27 Oct 2021, 12:15PM IDFC First Bank register 10% growth in advances in Q2FY226 Oct 2021, 9:38AM IDFC First Bank aiming retail loan book growth of 25% on long-term basis30 Aug 2021, 12:42PM IDFC First Bank reports consolidated net loss of Rs 621.17 crore in Q1 2 Aug 2021, 4:41PM IDFC First Bank informs about outcome of committee meeting31 Jul 2021, 11:13AM IDFC First Bank’s customer deposits rise 36% in Q1FY226 Jul 2021, 10:58AM IDFC First Bank informs about disclosure 15 May 2021, 5:12PM IDFC First Bank reports 79% rise in Q4 consolidated net profit10 May 2021, 10:34AM IDFC First Bank informs about newspaper notice26 Apr 2021, 11:22AM IDFC First Bank informs about board meetings24 Apr 2021, 10:54AM IDFC First Bank raises Rs 3,000 crore7 Apr 2021, 9:17AM IDFC First Bank informs about revised investor presentation3 Mar 2021, 4:12PM IDFC First Bank informs about postal ballot notice20 Feb 2021, 10:53AM IDFC First Bank gets nod to raise Rs 3,000 crore19 Feb 2021, 9:03AM IDFC First Bank turns black in Q31 Feb 2021, 10:08AM IDFC First Bank’s customer deposits rise 11% in Q37 Jan 2021, 11:30AM IDFC First Bank turns black in Q22 Nov 2020, 11:44AM IDFC informs about board meeting22 Oct 2020, 4:14PM IDFC First Bank, Bajaj Finance enter into partnership with Vivo14 Oct 2020, 5:29PM CARE revises rating of IDFC First Bank’s debt instruments9 Oct 2020, 5:04PM IDFC First Bank to launch contactless debit card-based payment facility ‘SafePay’24 Sep 2020, 9:46AM IDFC First Bank informs about credit rating8 Aug 2020, 10:44AM Ind-Ra affirms IDFC First Bank’s outlook to negative8 Aug 2020, 10:08AM IDFC First Bank turns black in Q129 Jul 2020, 10:27AM IDFC FIRST Bank opens MBA Scholarships for 2020-2022 batch28 Jul 2020, 3:28PM

IDFC First Bank Stock Price Analysis and Quick Research Report. Is IDFC First Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how IDFC First Bank is performing and if it is the right time to buy the stock of IDFC First Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. IDFC First Bank has earned Rs 15967.8595 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 21.3754441198895 % in last 3 Years.

  • In terms of advances, the bank reported 17.4714686489517 % YOY,  rise . If you see 3 years advance growth, it stands at 24.451875602305 %.

  • Currently the company has a CASA ratio of 51.7498623557641 %. It’s overall cost of liability stands at 6.38604074805947 %. Also, the total deposits from these accounts stood at Rs 88688.4214 Cr.

  • The Bank has a Poor ROA track record. The ROA of IDFC First Bank is at 0.289603701385391 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 4.15 % and 1.86 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -52.1488885839759 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of IDFC First Bank surged and is currently at Rs 2253.699 Cr.

  • The company has a Good Capital Adequacy Ratio of 13.77 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently IDFC First Bank is trading at a P/B of 0.9156 . The historical average PB was 1.26402417700648.

Brief about IDFC First Bank

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