IDFC First Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

IDFC First Bank Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – The market capitalization rated IDFC First Bank breaks into the top 10. Born with the name IDFC First Bank in 2015, it was later rebranded as IDFC First Bank, however, on completion of the merger with another IDFC First Bank’s legal entity in December 2023, the name was changed to IDFC First Bank Limited.

IDFC First Bank Overview

DFC First bank provides Banking services. On December 18, 2018, Erstwhile IDFC Bank and Erstwhile Capital were merged to form IDFC FIRST Bank.IDFC First Bank Share Price target

Company Name DFC First bank
Listed at NSE & BSE
Head Office C/61, Bandra Kurla Complex Rd, opposite Trident Hotel, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
Board Of Directors
  • Mr. Sanjeeb Chaudhuri -Part-Time Non-Executive Chairperson (Independent Director)
  • Mr. V. Vaidyanathan Managing Director & CEO
  • Mr. Aashish Kamat Independent Director
  • Dr. (Mrs.) Brinda Jagirdar Independent Director
  • Ms. Matangi Gowrishankar Independent Director
  • Mr. Pravir Vohra Independent Director
  • Mr. S Ganesh Kumar Independent Director
  • Dr. Jaimini Bhagwati Non-Executive Non-Independent Director
  • Mr. Mahendra N. Shah Non-Executive Non-Independent Director
  • Mr. Vishal Mahadevia Non-Executive Non-Independent Director
Official Website idfcbank.com

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IDFC First Bank Share Business Profile

The bank at this time has a total of 1136 automated teller machines (ATMs) along with 897 branches that are spread out across the country. The company is changing its industry focus from corporate to retail banking and aims to increase its net interest margin.

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Profitability

As a result of these changes in assets and liabilities, Net Interest Margins rose from about 3% for FY19 to approximately 6% for FY22. Management projects an increase in NIMs to a range between 5-5.5% during FY24/25.

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Assets

As of December 2018, retail and commercial loans comprised 35% of total funded assets. Currently, they make up up to 72% of them.

As of December 2018, the Co. has reduced their infrastructure loans from Rs. 22,710 cr to Rs. 6,891 cr as of March 22. At the moment this fiscal year ends, they make up just 5.2% of all funded assets in the Bank.But FY24/25 shows us a picture where that amount will become zero according to our projections.

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At this moment, the bank’s total funded assets are 63% of its retail loan portfolio which is diversified across various business verticals.

IDFC First Bank Latest Update

  • During the last year’s trading period, more than two hundred sixty five million rupees of Bank’s stock had been sold by an insider investor which may cause trouble to IDFC First Bank. Therefore, it is important for investors to be aware of this development and monitor their investments carefully.
  • The IDFC Ltd and IDFC First Bank merger was backed by the Reserve Bank of India in December 2023. This decision of India’s Banking System’s Highest Regulatory Authority RBI came after the board members of IDFC First Bank and IDFC Ltd got together in July 2023 and authorized the reverse merger of these two entities.

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IDFC First Bank Fundamentals & Quarterly Results

Market Cap ₹ 54,130 Cr.
Current Price ₹ 76.6
High / Low ₹ 101 / 65.2
Stock P/E 18.4
Book Value ₹ 39.1
Dividend Yield 0.00 %
ROCE 7.79 %
ROE 11.4 %
Face Value ₹ 10.0
Debt to equity 7.80
Debt Capacity -1.86
Debt preceding year ₹ 2,01,682 Cr.
Debt ₹ 2,01,682 Cr.
Reserves ₹ 19,229 Cr.
EPS ₹ 4.16
EPS last year ₹ 4.16
Pledged percentage 0.00 %
FCF Prev Ann ₹ 2,383 Cr.
EVEBITDA 13.6
Industry PE 11.3
PEG Ratio 0.64
Piotroski score 5.00
Earnings yield 7.32 %

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IDFC First Bank Quarterly Results

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 4,429 4,554 4,922 5,470 5,912 6,424 6,869 7,356 7,880 8,220
Interest 1,849 1,884 2,170 2,467 2,626 2,827 3,122 3,406 3,592 3,750
Expenses 2,958 3,031 2,957 3,304 3,612 3,901 4,114 4,377 4,874 5,164
Financing Profit -378 -361 -205 -301 -326 -303 -367 -427 -587 -694
Financing Margin % -9% -8% -4% -6% -6% -5% -5% -6% -7% -8%
Other Income 769 831 856 1,061 1,152 1,398 1,364 1,410 1,517 1,642
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax 391 470 650 760 827 1,094 996 983 930 948
Tax % 26% 25% 25% 25% 25% 25% 27% 24% 21% 23%
Net Profit 290 352 485 567 617 816 732 747 732 732
EPS in Rs 0.47 0.57 0.78 0.91 0.99 1.23 1.10 1.11 1.04 1.04
Gross NPA %
Net NPA %

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Profit & Loss

Metric 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
Expenses 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%
Other Income 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%
Net Profit 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%

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CAGR Report

Metric 10 Years 5 Years 3 Years TTM (Trailing Twelve Months)
Compounded Sales Growth 20% 24% 33%
Compounded Profit Growth 29% 85% 18%
Stock Price CAGR 13% 12% 17%
Return on Equity (ROE) 3% 8% 11% (Last Year)

IDFC First Bank Shareholding Pattern

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Promoter Ownership (%) 52.80% 40.00% 40.00% 39.98% 36.49% 39.99% 37.43%
 FII Holding (%) 14.84% 13.50% 13.56% 11.88% 13.48% 19.31% 23.65%
DIIs Holding (%) 7.97% 4.02% 4.41% 11.23% 9.58% 7.69% 6.79%
Government Holding (%) 7.68% 5.47% 5.43% 4.61% 4.20% 3.98% 3.72%
Public Holding (%) 16.70% 37.01% 36.59% 32.31% 36.24% 29.05% 28.38%
No. of Shareholders 6,12,565 7,42,369 8,79,695 11,83,362 15,68,958 17,07,479 26,11,512

IDFC First Bank Share Price Target 2024-2030

Year Lower Targets Higher Targets
2024 ₹98 ₹105
2025 ₹120 ₹128
2026 ₹142 ₹154
2027 ₹165 ₹183
2028 ₹187 ₹212
2029 ₹209 ₹236
2030 ₹232 ₹263

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IDFC First Bank Share Price Target 2025

Month Lower Targets Higher Targets
January ₹99 ₹106
February ₹100 ₹105
March ₹98 ₹103
April ₹100 ₹107
May ₹10 ₹109
June ₹104 ₹111
July ₹108 ₹115
August ₹112 ₹119
September ₹116 ₹121
October ₹117 ₹124
November ₹119 ₹125
December ₹120 ₹128

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IDFC First Bank Share Price Target 2026

Month Lower Higher
January ₹121 ₹130
February ₹112 ₹121
March ₹121 ₹128
April ₹122 ₹131
May ₹124 ₹133
June ₹126 ₹136
July ₹131 ₹140
August ₹134 ₹144
September ₹138 ₹147
October ₹139 ₹150
November ₹141 ₹153
December ₹142 ₹154

IDFC First Bank Share Price Target 2027

Month Lower Targets Higher Targets
January ₹144 ₹155
February ₹145 ₹156
March ₹143 ₹155
April ₹145 ₹159
May ₹147 ₹159
June ₹148 ₹162
July ₹153 ₹168
August ₹157 ₹172
September ₹161 ₹174
October ₹162 ₹179
November ₹164 ₹179
December ₹165 ₹183

IDFC First Bank Share Price Target 2028

Month Lower Targets Higher Targets
January ₹167 ₹184
February ₹167 ₹186
March ₹166 ₹184
April ₹168 ₹187
May ₹169 ₹191
June ₹172 ₹191
July ₹175 ₹196
August ₹180 ₹203
September ₹183 ₹206
October ₹184 ₹207
November ₹186 ₹209
December ₹187 ₹212

IDFC First Bank Share Price Target 2029

Month Lower Targets Higher Targets
January ₹193 ₹220
February ₹184 ₹209
March ₹177 ₹194
April ₹180 ₹197
May ₹175 ₹201
June ₹182 ₹195
July ₹185 ₹199
August ₹189 ₹203
September ₹193 ₹216
October ₹194 ₹227
November ₹200 ₹229
December ₹209 ₹236

IDFC First Bank Share Price Target 2030

Month Lower Targets Higher Targets
January ₹215 ₹240
February ₹207 ₹229
March ₹196 ₹220
April ₹208 ₹222
May ₹209 ₹230
June ₹212 ₹241
July ₹215 ₹246
August ₹220 ₹250
September ₹223 ₹256
October ₹227 ₹257
November ₹230 ₹259
December ₹232 ₹263

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