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.
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
Contents
IDBI Bank serves as an intermediary for business conducted by commercial banks, savings banks, postal savings banks as well as discount houses.
| Company Name | IDBI Bank Ltd |
| Listed at | NSE & BSE |
| Head Office | IDBI Bank Ltd. 19th floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba. Mumbai 400 005 |
| Board Of Directors |
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| 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/E | 15.7 |
| Book Value | ₹ 43.1 |
| Dividend Yield | 1.77 % |
| ROCE | 6.55 % |
| ROE | 12.5 % |
| Face Value | ₹ 10.0 |
| Debt to Equity | 5.79 |
| 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 Percentage | 0.00 % |
| FCF Previous Annual | ₹ -2,895 Cr. |
| EV/EBITDA | 16.0 |
| Industry PE | 12.7 |
| PEG Ratio | 0.83 |
| Piotroski Score | 5.00 |
| Earnings Yield | 6.25 % |
| Sales Growth (5 Years) | 3.65 % |
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IDBI Bank Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,629 | 4,608 | 4,639 | 4,994 | 5,230 | 5,729 | 6,864 | 6,038 | 6,549 | 6,995 |
| Interest | 2,240 | 2,175 | 2,144 | 2,238 | 2,304 | 2,445 | 2,861 | 2,966 | 3,102 | 3,298 |
| Expenses | 2,592 | 2,463 | 2,571 | 2,430 | 2,563 | 3,167 | 3,067 | 1,701 | 2,444 | 2,565 |
| Financing Profit | -203 | -30 | -77 | 326 | 363 | 118 | 936 | 1,372 | 1,003 | 1,132 |
| Financing Margin % | -4% | -1% | -2% | 7% | 7% | 2% | 14% | 23% | 15% | 16% |
| Other Income | 1,200 | 923 | 1,190 | 1,058 | 923 | 1,404 | 907 | 1,025 | 1,031 | 961 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 997 | 893 | 1,114 | 1,384 | 1,286 | 1,521 | 1,843 | 2,397 | 2,034 | 2,093 |
| Tax % | 40% | 18% | 31% | 45% | 27% | 21% | 33% | 42% | 27% | 21% |
| Net Profit | 618 | 740 | 773 | 782 | 950 | 1,223 | 1,234 | 1,393 | 1,515 | 1,672 |
| EPS in Rs | 0.57 | 0.68 | 0.71 | 0.72 | 0.88 | 1.13 | 1.14 | 1.29 | 1.40 | 1.55 |
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CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM / 1 Year |
|---|---|---|---|---|
| Compounded Sales Growth | 0% | 4% | 10% | 28% |
| Compounded Profit Growth | 18% | 19% | 56% | 56% |
| Stock Price CAGR | -2% | 18% | 30% | 49% |
| Return on Equity | -9% | 0% | 9% | 13% |
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| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.98% | 73.98% | 80.96% | 97.46% | 98.11% | 94.71% | 94.71% | 94.72% | 94.72% |
| FIIs | 0.00% | 2.53% | 1.71% | 0.10% | 0.02% | 0.09% | 0.03% | 0.22% | 0.45% |
| DIIs | 18.62% | 15.41% | 12.15% | 0.27% | 0.15% | 1.62% | 0.36% | 0.16% | 0.15% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| Public | 7.39% | 8.08% | 5.17% | 2.17% | 1.73% | 3.58% | 4.89% | 4.90% | 4.67% |
| No. of Shareholders | 4,11,571 | 4,03,981 | 3,60,886 | 3,76,197 | 3,84,619 | 5,40,998 | 5,69,481 | 5,98,415 | 6,72,434 |
| Year | Target |
| 2024 | 100 |
| 2025 | 121 |
| 2026 | 150 |
| 2027 | 175 |
| 2028 | 205 |
| 2029 | 265 |
| 2030 | 315 |
| Month | Target |
| January | 107 |
| February | 99 |
| March | 93 |
| April | 95 |
| May | 99 |
| June | 104 |
| July | 111 |
| August | 106 |
| September | 109 |
| October | 115 |
| November | 117 |
| December | 121 |
| Month | Target |
| January | 125 |
| February | 120 |
| March | 114 |
| April | 117 |
| May | 122 |
| June | 128 |
| July | 135 |
| August | 139 |
| September | 143 |
| October | 137 |
| November | 144 |
| December | 150 |
| Month | Target |
| January | 155 |
| February | 148 |
| March | 144 |
| April | 140 |
| May | 145 |
| June | 148 |
| July | 151 |
| August | 157 |
| September | 163 |
| October | 166 |
| November | 171 |
| December | 175 |
| Month | Target |
| January | 181 |
| February | 176 |
| March | 171 |
| April | 173 |
| May | 176 |
| June | 181 |
| July | 185 |
| August | 187 |
| September | 191 |
| October | 196 |
| November | 200 |
| December | 205 |
| Month | Target |
| January | 210 |
| February | 201 |
| March | 196 |
| April | 191 |
| May | 209 |
| June | 215 |
| July | 221 |
| August | 227 |
| September | 235 |
| October | 245 |
| November | 257 |
| December | 265 |
| Month | Target |
| January | 271 |
| February | 266 |
| March | 260 |
| April | 269 |
| May | 276 |
| June | 282 |
| July | 286 |
| August | 293 |
| September | 300 |
| October | 305 |
| November | 310 |
| December | 315 |
Official Website – idbi.com