IDFC First Bank Ltd.

NSE: IDFCFIRSTB BSE: 539437 SECTOR: Bank - Private  394k   3k   1k

71.65
0 0
NSE: 31 May 03:59 PM

Price Summary

Today's High

₹ 72

Today's Low

₹ 70.5

52 Week High

₹ 71.85

52 Week Low

₹ 28.95

FinStar

Ownership Very Stable
High level of belief in company’s potential exhibited by insiders.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

47471.31 Cr.

CASA %

48.44

No. of Shares

662.54 Cr.

P/E

19.48

P/B

1.85

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  38.78

Net Interest Income

9706.16 Cr.

Cost To Income %

74.6

Promoter Holding

39.99 %

EPS (TTM)

₹  3.68

CAR %

16.74

ROE

0.75 %

ROCE

4.87%

Profit Growth

-67.83 %

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

Your Added Ratios

Please login to Add & View your own added ratios.

Login

Index Presence

The company is present in 28 Indices.

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.
* 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 Year0.75%
3 Year-4.54%
5 Year-3.9%

ROA%

1 Year0.08%
3 Year-0.48%
5 Year-0.41%

Net NPA%

1 Year1.53%
3 Year1.44%
5 Year1.46%

 NIM

1 Year5.4%
3 Year4.92%
5 Year3.67%

CAR %

16.74

Cost of Liabilities %

4.70785849492726

PEG Ratio

NA

Advances Growth %

17.212981430986

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 39.99 0
Dec 2022 36.38 0
Sep 2022 36.47 0
Jun 2022 36.48 0
Mar 2022 36.49 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 4.91857600696939% since last 3 years.
  • CASA stands at 48.4410237911614% of total deposits.
  • Good Capital Adequacy Ratio of 16.74%.
  • The company has delivered good Profit growth of 27.5443131437122% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.479541850852416%
  • Company has a low ROE of -4.54003792375653% over the last 3 years.
  • High Cost to income ratio of 74.6000876517884%.
  • Increase in Provision and contingencies of 53.6978527563379% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Interest Earned 4553.64 4921.68 5469.69 5911.82 6424.35
Other Income 831.24 855.67 1061.34 1152.48 1397.48
Interest Expended 1884.4 2170.58 2467.51 2626.52 2827.6
Operating Expenses 2673.96 2662.95 2894.82 3177.01 3435.57
Total Provisions 369.47 307.99 424.17 450.23 482.43
Profit Before Tax 457.05 635.83 744.53 810.54 1076.23
Tax 114.32 161.5 188.96 205.93 273.61
Net Profit 342.73 474.33 555.57 604.61 802.62
Net NPA % 1.53 1.3 1.09 1.03 0.86
Gross NPA % 3.7 3.36 3.18 2.96 2.51
Return on Assets % 0.76 0.97 1.07 1.11 1.41
NPM % 7.53 9.64 10.16 10.23 12.49

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 8930 11948.17 16307.56 15967.86 17172.68
Other Income 1117.89 852.08 1722.16 2211.33 3222.04
Interest Expended 7131.91 8749.08 10232 8587.6 7466.52
Operating Expenses 1652.59 5886.73 5860.99 7093.28 9644.45
Total Provisions 236.09 1459.63 4315.26 2022.53 3108.58
Profit Before Tax 1027.3 -3295.19 -2378.52 475.78 175.17
Taxes 168 -1351.01 485.69 23.5 29.68
Net Profit 859.3 -1944.18 -2864.21 452.28 145.49
Adjusted EPS (Rs.) 2.52 -4.07 -5.95 0.8 0.23

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 3404.07 4781.68 4809.9 5675.85 6217.71
Total Reserves 11852.46 13377.59 10532.7 12131.95 14769.65
Deposits 48198.2 70479.01 65107.97 88688.42 105634.36
Borrowings 57287.07 69983.39 57397.19 45786.09 52962.6
Other Liabilities 5778.37 8563.2 11352.64 10861.48 10581.16
Total Liabilities 126520.18 167184.86 149200.4 163143.88 190181.61
Assets
Balance with RBI 3050.86 4149.53 3379.92 4745.93 5772.92
Balance with Banks 1840.94 5417.25 810.86 1081.93 9984.99
Investments 61201.53 58475.39 45404.58 45411.74 46144.84
Advances 52164.89 86302.29 85595.36 100550.13 117857.8
Net Block 780.74 916.59 964.66 1201.15 1281.81
Other Assets 7477.83 11890.21 12971.95 10087.74 9059.84
Total Assets 126520.18 167184.86 149200.4 163143.88 190181.61
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 36.49 36.48 36.47 36.38 39.99
idfc financial hol... 36.51 36.49 36.48 36.47 36.38
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 63.51 63.52 63.53 63.62 60.01
cloverdell investm... 7.59 7.59 7.59 - -
qualified institut... - - - - -
president of india 4.21 4.20 4.20 4.20 4.19
cloverdell investm... - - - 7.58 7.56
odyssey 44 a s 3.68 3.68 3.68 3.67 3.67
icici prudential l... 3.30 3.30 3.30 3.30 3.20
aditya birla sun l... - - - - -
aditya birla sun l... 1.80 - - - -
bajaj allianz life... 1.20 1.20 - - -
aditya birla sun l... - - - - -
dayside investment... 1.48 1.48 1.48 - -
hdfc life insuranc... - - - - -
dayside investment... - - - 1.48 1.47
baillie gifford em... 1.12 - - - -
nippon life india ... - - 1.02 - -
baillie gifford pa... 1.00 - - - -
iepf 0.01 0.01 0.01 - -
ecgc limited - - - - -
investor education... - - - 0.01 -
investor education... - - - - 0.01

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

IDFC First Bank informs about earnings call transcript6 May 2023, 3:45PM IDFC First Bank - Quaterly Results29 Apr 2023, 4:41PM IDFC First Bank - Quaterly Results29 Apr 2023, 4:41PM IDFC First Bank - Quaterly Results29 Apr 2023, 4:41PM IDFC First Bank inks MoU with Maruti Suzuki India13 Apr 2023, 2:51PM IDFC First Bank partners with Crunchfish to demonstrate offline retail payments27 Mar 2023, 2:29PM IDFC First Bank becomes official banking partner for Mumbai Indians17 Mar 2023, 12:51PM IDFC FIRST Bank partners with Anantham Online to enable CBDC payments13 Mar 2023, 4:58PM IDFC First Bank partners with ToneTag to enable acceptance of digital rupee at merchant outlets3 Feb 2023, 2:46PM IDFC First Bank reports over 2-fold jump in Q3 consolidated net profit23 Jan 2023, 12:45PM IDFC First Bank - Quaterly Results21 Jan 2023, 4:07PM IDFC First Bank - Quaterly Results21 Jan 2023, 4:07PM IDFC First Bank - Quaterly Results21 Jan 2023, 4:07PM IDFC First Bank waives charges on customer-centric services19 Dec 2022, 11:12AM IDFC FIRST Bank partners with NASSCOM COE to grow innovation ecosystem8 Dec 2022, 11:29AM IDFC First Bank informs about allotment1 Dec 2022, 2:46PM IDFC First Bank raises Rs 1500 crore through bonds 1 Dec 2022, 2:21PM IDFC First Bank informs about analyst meet30 Nov 2022, 2:10PM IDFC First Bank launches sticker-based debit card ‘FIRSTAP’ in association with NPCI24 Nov 2022, 3:30PM IDFC FIRST Bank informs about audio recording of earnings call 25 Oct 2022, 10:58AM IDFC First Bank reports over 5-fold jump in Q2 consolidated net profit25 Oct 2022, 10:40AM IDFC First Bank - Quaterly Results22 Oct 2022, 4:28PM IDFC First Bank - Quaterly Results22 Oct 2022, 4:28PM IDFC First Bank - Quaterly Results22 Oct 2022, 4:28PM IDFC FIRST Bank introduces DBUs in Odisha, Nagaland19 Oct 2022, 5:56PM IDFC FIRST Bank informs about allotment of equity shares19 Oct 2022, 10:44AM IDFC First Bank reports 35.9% growth in customer deposits in Q2FY234 Oct 2022, 5:56PM IDFC First Bank informs about allotment of equity shares under ESOS 22 Sep 2022, 4:53PM IDFC First Bank informs about analyst meet20 Sep 2022, 12:39PM IDFC First Bank joins Open Network for Digital Commerce7 Sep 2022, 11:27AM IDFC FIRST Bank collaborates with LetsVenture9 Aug 2022, 11:16AM IDFC First Bank informs about results of e-voting6 Aug 2022, 3:02PM IDFC First Bank turns black in Q11 Aug 2022, 12:30PM IDFC First Bank - Quaterly Results30 Jul 2022, 3:47PM IDFC First Bank - Quaterly Results30 Jul 2022, 3:47PM IDFC First Bank - Quaterly Results30 Jul 2022, 3:47PM IDFC First Bank informs about updates8 Jul 2022, 12:12PM IDFC First Bank informs about compliances certificate4 Jul 2022, 3:00PM IDFC First Bank reports 20.6% growth in customer deposits in Q1FY234 Jul 2022, 12:44PM IDFC First Bank informs about board meeting28 Jun 2022, 5:02PM IDFC FIRST Bank partners with Star Health and Allied Insurance28 Jun 2022, 10:59AM 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 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 17172.6838 Cr. revenue in the latest financial year. It has posted decent revenue growth of 12.8526355116953 % in last 3 Years.

  • In terms of advances, the bank reported 17.212981430986 % YOY,  rise . If you see 3 years advance growth, it stands at 10.9460924346672 %.

  • Currently the company has a CASA ratio of 48.4410237911614 %. It’s overall cost of liability stands at 4.70785849492726 %. Also, the total deposits from these accounts stood at Rs 105634.3638 Cr.

  • The Bank has a Poor ROA track record. The ROA of IDFC First Bank is at 0.0823547151681306 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 3.7 % and 1.53 % 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 positive at 53.6978527563379 % which means it has increased 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 3222.0385 Cr.

  • The company has a Good Capital Adequacy Ratio of 16.74 .

  • 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 1.8274 . The historical average PB was 1.22429516950366.

Brief about IDFC First Bank

X