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.

Latest Update – IDFC First Bank revealed its quarter results for the period of April to June for the fiscal year 2024-25 (Q1FY25) on Saturday, July 27, showing a decline in net profit by 11 percent at ₹680.7 crores as compared to ₹765.2 crores during the same time last year.

IDFC First Bank Overview

Contents

1 IDFC First Bank Overview
2 IDFC First Bank Fundamentals & Quarterly Results
3 IDFC First Bank Share Price Target 2024-2030

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

Company Name	IDFC 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