1. IDFC First Bank
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43% Buy

IDFC First Bank Share Price

IDFCFIRSTB

₹77.20+₹0.15 (0.19%) TodayLast updated on 17 May, 2024 | 03:58 PM IST
₹76.95₹77.55
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Company overview

Financial performance

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Market cap

Market Cap Switch₹54,802 Cr

Open

₹77.20

Close

₹77.05

Circuit range

₹84.75 - ₹69.35

Day range

₹76.95 - ₹77.55

Year range

₹65.60 - ₹100.70

Volume

3,37,67,218

Avg. traded

₹77.21

Revenue (12m)

₹30,325 Cr

IDFC First Bank

IDFC First Bank is a leading private sector bank in India. It was formed after the merger of the banking arm of Infrastructure Development Finance Company (IDFC) and Capital First, a non-banking financial company (NBFC) focused on financing in retail and MSME segments.

IDFC First Bank Limited came into existence in December 2018, post the merger of IDFC Bank and Capital First.

IDFC Limited was founded in 1997 with its primary focus on financing infrastructure. The business changed over time to include financial intermediation, innovative products and asset maintenance for infrastructure projects. Following a demerger in 2015, IDFC Limited proceeded with its expansion into asset management, institutional broking and infrastructure loans, while IDFC Bank was established to concentrate on banking activities.

IDFC Limited received a universal banking licence from the Reserve Bank of India in June 2015. Subsequently, it transferred the assets and liabilities of its lending business to IDFC Bank and launched the operations of the bank.

Capital First Ltd, established in 2012, used advanced technological models to carve out a position for itself in the retail financing market. In 2018, the company showed a notable increase in retail assets under management.

The merger of IDFC Bank and Capital First in 2018 was a calculated effort to improve products, scale and profitability in the ever-evolving financial environment.

IDFC First Bank business segments

IDFC First Bank prioritises retail business to propel its growth trajectory. The new bank combines the state-of-the-art technology of the old IDFC Bank with the retail know-how, analytics-driven lending capabilities and strong profitability track record of Capital First. IDFC First Bank is a leading player in multiple retail asset areas, with a funded asset base of over ₹1,71,500 crore, of which 79% is in the retail category.

IDFC Bank, then a subsidiary of IDFC Ltd, made its market debut in November 2015. The market capitalisation of IDFC First Bank stood at over ₹61,000 crore as of December 13, 2023. The IDFC First Bank share price has gained more than 133% in the last three years.

IDFC First Bank uses a greenfield strategy for credit risk assessment, leveraging the strengths of the old IDFC Bank and drawing experience from the unique business model of the former Capital First. The bank caters to individual customers, small businesses and micro-enterprises.

Financial highlights

IDFC First Bank posted a strong financial performance for FY23 backed by a robust expansion in core operating segments. In FY23, IDFC First Bank’s profit after tax stood at ₹2,485 crore, up from ₹132 crore in FY22. The bank’s consolidated revenue stood at ₹22,727 crore in FY23 compared to ₹17,172 crore in the preceding financial year. Net interest income (NII) for FY23 grew 30% year-on-year to ₹12,635 crore, from ₹9,706 crore in FY22. Net interest margin (NIM) increased by 25 bps YoY in FY23 to 5.26% from 5.1% in FY22. The bank’s earnings per share (EPS) stood at ₹3.98 in FY23 compared to ₹0.21 in FY22.

IDFC First Bank Key indicators

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52 week high

₹100.70

52 week low

₹65.60

P/E ratio

18.13

P/B ratio

1.7

ROE

10.44%

ROCE

9.09%

Dividend yield

--

Debt/Equity ratio

2.23

EPS

3.68

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

43%

Hold

36%

Sell

21%

This analysis is based on the reviews of 14 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

5.57%

ROA

1.13%

Credit Deposit

104.95%

ROE

10.44%

Net profit margin

10.72%

EPS

3.68

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IDFC First Bank Shareholder returns

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1 day

-0.77%

1 week

-0.06%

1 month

-7.07%

3 months

-5.35%

1 year

+15.21%

3 years

+41.88%

5 years

+88.71%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

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Balance sheet

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IDFC First Bank Share Price history

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Shareholding info

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Promoters (37.43%)

Mutual Funds (2.67%)

Retail and other (28.4%)

Foreign institutions-FII (23.65%)

Other domestic institutions (7.85%)

Promoters

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Events

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Frequently asked questions