IDBI Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

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IDBI bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – IDBI bank limited was established with a mission to offer diverse financial offerings which comprise an internet banking system and provision of personal loans to its clients; it came into existence in 1964 hence sparking off stiff competition among other players within the industry.IDBI Bank Share Price Target

Latest Update – On Monday, IDBI Bank proclaimed a singular net profit of Rs 1,719 crore for the first quarter of the year ending June 2024 representing an increase of 40% over last year’s figure which stood at Rs 1,224 crore.

IDBI Overview

IDBI Bank serves as an intermediary for business conducted by commercial banks, savings banks, postal savings banks as well as discount houses.

Company NameIDBI Bank Ltd
Listed atNSE & BSE
Head OfficeIDBI Bank Ltd. 19th floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba. Mumbai 400 005
Board Of Directors
  • Mr.T N Manoharan Chairman
  • Mr.Suresh Khatanhar Deputy Managing Director
  • Mr.Samuel Joseph Jebaraj Deputy Managing Director
  • Mr.Samaresh Parida Independent Director
  • Mr.Sanjay Gokuldas Kallapur Independent Director
  • Mr.Bhuwanchandra B Joshi Independent Director
  • Mr.Deepak Singhal Independent Director
  • Mr.Gyan Prakash Joshi Independent Director
  • Mr.N Jambunathan Independent Director
  • Ms.P V Bharathi Independent Director
  • Mr.Rakesh Sharma Managing Director & CEO
  • Mr.Sushil Kumar Singh Nominee Director
  • Mr.Manoj Sahay Nominee Director
  • Mr.Mukesh Kumar Gupta Nominee Director
  • Mr.Raj Kumar Nominee Director
Official Website idbi.com

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IDBI Bank Business Profile

IDBI Bank Limited for now works out banking and financial solutions to retail and corporate clients in India with three segments of operations: Treasury, Retail Banking and Corporate/Wholesale Banking. It also has savings, current and salary accounts and fixed deposits; gives home, auto, education, personal loans along with loans against securities and properties; it issues debit and credit cards also prepaid cards alongside internet as well as mobile banking services.

It also offers both fund-based and non-fund-based assistance. Additionally, it includes packing credit to exporters, receivable buyout with recourse, channel financing for dealers of corporates, scheme for financing automated teller machines/cash dispense vendors, technology upgrading fund scheme for textile and jute industries, and lending to non-banking finance companies/housing finance companies as well as commercial real estate sector.

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Branch Network

The Bank comprises 426 metro branches, 465 urban branches, 585 semi-urban branches, and 408 rural branches, totaling 1,886 branches, with an overseas branch in Dubai International Financial Centre (DIFC), Dubai, and one International Financial Services Centre (IFSC) Banking Unit (IBU) in Gujarat International Finance Tec–City (GIFT), Gandhinagar. It also has a wide network consisting of 3,403 ATMs and 58 e-lounges across India.

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Loan Book

63% of the loan book belongs to the retail storefront, with the other 37% belonging to the corporate side.

Geographic breakup-
Domestic Advances – 95%
Overseas Advances – 5%

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Sector-wise breakup-
Industry – 34%
Personal loans – 34%
Services – 16%
Agriculture – 12%
Others 4%

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Subsidiaries Operations

IDBI Capital Markets & Securities Ltd – There is a subsidiary in the whole that entirely provides online trading for equities, F&O, mutual funds and IPOs as well as distributes different products from third parties such as fixed income and mutual funds (like Equity Linked Products).

IDBI Intech Ltd – It is a fully-owned subsidiary that offers fintech products and solutions for digital transformation in the finance & insurance industry.

IDBI MF Trustee Co. Ltd.- IDBI Mutual Fund’s Trustee Company is IDBI MF Trustee Company Limited. The company was incorporated on 25th January 2010 as per the Companies Act, 1956.

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IDBI Asset Management Ltd – The Mutual Fund Investment Company got established on 2010 with an aim of managing the bank’s mutual fund. 67% of the company is owned by the bank.

IDBI Trusteeship Services Ltd – Under the guidance of the Reserve Bank of India (RBI), distinguished Indian firms like the banking institutions such as the Life Insurance Corporation (LIC) and the General Insurance Corporation (GIC) spearhead the hosting of principal trustees in perhaps the topmost trusteeship firm of this subcontinent.

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IDBI Bank Fundamentals & Quarterly Results

Market Cap₹ 90,976 Cr.
Current Price₹ 84.6
High / Low₹ 98.7 / 55.8
Stock P/E15.7
Book Value₹ 43.1
Dividend Yield1.77 %
ROCE6.55 %
ROE12.5 %
Face Value₹ 10.0
Debt to Equity5.79
Debt Capacity-1.49
Debt Preceding Year₹ 2,67,960 Cr.
Debt₹ 2,67,960 Cr.
Reserves₹ 35,567 Cr.
EPS₹ 5.38
EPS Last Year₹ 5.38
Pledged Percentage0.00 %
FCF Previous Annual₹ -2,895 Cr.
EV/EBITDA16.0
Industry PE12.7
PEG Ratio0.83
Piotroski Score5.00
Earnings Yield6.25 %
Sales Growth (5 Years)3.65 %

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IDBI Bank Quarterly Results

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue4,6294,6084,6394,9945,2305,7296,8646,0386,5496,995
Interest2,2402,1752,1442,2382,3042,4452,8612,9663,1023,298
Expenses2,5922,4632,5712,4302,5633,1673,0671,7012,4442,565
Financing Profit-203-30-773263631189361,3721,0031,132
Financing Margin %-4%-1%-2%7%7%2%14%23%15%16%
Other Income1,2009231,1901,0589231,4049071,0251,031961
Depreciation0000000000
Profit before tax9978931,1141,3841,2861,5211,8432,3972,0342,093
Tax %40%18%31%45%27%21%33%42%27%21%
Net Profit6187407737829501,2231,2341,3931,5151,672
EPS in Rs0.570.680.710.720.881.131.141.291.401.55

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CAGR Report

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth0%4%10%28%
Compounded Profit Growth18%19%56%56%
Stock Price CAGR-2%18%30%49%
Return on Equity-9%0%9%13%

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IDBI Bank Shareholding Pattern

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters73.98%73.98%80.96%97.46%98.11%94.71%94.71%94.72%94.72%
FIIs0.00%2.53%1.71%0.10%0.02%0.09%0.03%0.22%0.45%
DIIs18.62%15.41%12.15%0.27%0.15%1.62%0.36%0.16%0.15%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%
Public7.39%8.08%5.17%2.17%1.73%3.58%4.89%4.90%4.67%
No. of Shareholders4,11,5714,03,9813,60,8863,76,1973,84,6195,40,9985,69,4815,98,4156,72,434

IDBI Bank Share Price Target 2024-2030 Forecast

YearTarget
2024100
2025121
2026150
2027175
2028205
2029265
2030315

MRF Share Price Target 2025

MonthTarget
January107
February99
March93
April95
May99
June104
July111
August106
September109
October115
November117
December121

IDBI Bank Share Price Target 2026

MonthTarget
January125
February120
March114
April117
May122
June128
July135
August139
September143
October137
November144
December150

IDBI Bank Share Price Target 2027

MonthTarget
January155
February148
March144
April140
May145
June148
July151
August157
September163
October166
November171
December175

IDBI Bank Share Price Target 2028

MonthTarget
January181
February176
March171
April173
May176
June181
July185
August187
September191
October196
November200
December205

IDBI Bank Share Price Target 2029

MonthTarget
January210
February201
March196
April191
May209
June215
July221
August227
September235
October245
November257
December265

MRF Share Price Target 2030

MonthTarget
January271
February266
March260
April269
May276
June282
July286
August293
September300
October305
November310
December315

Official Website – idbi.com

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