IDFC First Bank Ltd
IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
- Market Cap ₹ 54,884 Cr.
- Current Price ₹ 77.5
- High / Low ₹ 101 / 70.6
- Stock P/E 18.6
- Book Value ₹ 39.1
- Dividend Yield 0.00 %
- ROCE 7.79 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 28.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 8.09% over last 3 years.
- Contingent liabilities of Rs.3,63,404 Cr.
- Earnings include an other income of Rs.5,932 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Revenue | 8,578 | 9,098 | 12,204 | 16,240 | 15,968 | 17,173 | 22,728 | 30,325 |
Interest | 6,515 | 7,126 | 8,743 | 10,228 | 8,585 | 7,465 | 10,091 | 13,870 |
1,432 | 1,789 | 4,702 | 9,760 | 8,733 | 12,323 | 13,338 | 18,529 | |
Financing Profit | 631 | 184 | -1,241 | -3,748 | -1,350 | -2,615 | -701 | -2,075 |
Financing Margin % | 7% | 2% | -10% | -23% | -8% | -15% | -3% | -7% |
1,019 | 1,120 | 824 | 1,722 | 2,211 | 3,173 | 4,467 | 5,932 | |
Depreciation | 136 | 168 | 2,820 | 320 | 343 | 382 | 435 | 0 |
Profit before tax | 1,514 | 1,135 | -3,237 | -2,346 | 519 | 175 | 3,331 | 3,857 |
Tax % | 30% | 16% | 41% | -21% | 7% | 24% | 25% | 24% |
1,019 | 880 | -1,908 | -2,843 | 483 | 132 | 2,485 | 2,942 | |
EPS in Rs | 3.00 | 2.58 | -3.99 | -5.91 | 0.85 | 0.21 | 3.75 | 4.16 |
Dividend Payout % | 25% | 29% | 0% | 0% | 0% | 0% | 0% | 0% |
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: | 9% |
1 Year: | 8% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 8% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 3,399 | 3,404 | 4,782 | 4,810 | 5,676 | 6,218 | 6,618 | |
Reserves | 11,278 | 11,870 | 13,418 | 10,594 | 12,224 | 14,864 | 19,229 | |
90,360 | 105,327 | 140,337 | 122,476 | 134,322 | 158,502 | 201,682 | ||
7,027 | 5,781 | 8,563 | 11,279 | 10,849 | 10,561 | 12,353 | ||
Total Liabilities | 112,064 | 126,382 | 167,099 | 149,159 | 163,072 | 190,146 | 239,882 | |
933 | 797 | 940 | 999 | 1,370 | 1,448 | 2,054 | ||
CWIP | 6 | 3 | 34 | 74 | 65 | 79 | 219 | |
Investments | 50,164 | 60,904 | 58,245 | 45,174 | 45,182 | 45,935 | 60,913 | |
60,962 | 64,677 | 107,880 | 102,911 | 116,454 | 142,684 | 176,696 | ||
Total Assets | 112,064 | 126,382 | 167,099 | 149,159 | 163,072 | 190,146 | 239,882 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
14,128 | -5,978 | 17,364 | 10,966 | 14,042 | 2,679 | 3,563 | 11,543 | |
-4,918 | -1,027 | -494 | -3,790 | -2,833 | -2,960 | -11,996 | -9,887 | |
-6,974 | 6,742 | -12,220 | -12,539 | -9,598 | 10,211 | 6,509 | -2,954 | |
Net Cash Flow | 2,236 | -263 | 4,649 | -5,363 | 1,610 | 9,929 | -1,924 | -1,298 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
ROE % | 6% | -11% | -17% | 3% | 1% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Copies of Newspaper clippings published by the Bank in relation to Postal Ballot notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 30 May
-
Announcement under Regulation 30 (LODR)-Change in Directorate
30 May - Disclosure regarding the appointment of Mr. Pradeep Natarajan (Additional Director) as WTD, designated as ED, w.e.f. June 01, 2024, for a period of three years, …
- Board Meeting Outcome for Outcome Of Board Meeting - Preferential Issue Of ? 3,200 Crore 30 May
Annual reports
Concalls
-
Apr 2024Transcript PPT REC
-
Jan 2024TranscriptPPTREC
-
Jan 2024TranscriptNotesPPT REC
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Mar 2021TranscriptNotesPPT
-
Jan 2021TranscriptNotesPPT
-
Jan 2021TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
May 2020TranscriptNotesPPT
-
Jan 2020TranscriptNotesPPT
-
Jan 2020TranscriptNotesPPT
-
Jul 2019TranscriptNotesPPT
-
Jul 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Mar 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
Apr 2018TranscriptNotesPPT
-
Jan 2018TranscriptNotesPPT
-
Jan 2018Transcript PPT
-
Oct 2017TranscriptNotesPPT
-
Apr 2017TranscriptNotesPPT
Ratios 9MFY24[1][2]
a) Capital Adequacy Ratio - 16.73%
b) Net Interest Margin - 6.36%
c) Gross NPA - 2.04 %
d) Net NPA - 0.68 %
e) CASA Ratio - 46.8 %
f) Book Value : 44.51