BSE: 539437 | NSE: IDFCFIRSTB | Bank - Private | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that IDFC First Bank Ltd is a average quality company.
The key valuation ratios of IDFC First Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IDFC First Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income (₹ Cr.) | 0 | 0 | 2,063 | 1,973 | 3,461 | 6,012 | 7,383 | 9,708 | 12,637 | 16,455 | 18,241 | |
| YoY Gr. Rt. % | - | NA | NA | -4.4% | 75.5% | 73.7% | 22.8% | 31.5% | 30.2% | 30.2% | - | |
| Total Income | 0 | 0 | 9,597 | 10,218 | 13,056 | 17,963 | 18,180 | 20,345 | 27,195 | 36,257 | 40,306 | |
| YoY Gr. Rt. % | - | NA | NA | 6.5% | 27.8% | 37.6% | 1.2% | 11.9% | 33.7% | 33.3% | - | |
| Adj EPS (₹ ) | 0 | 0 | 3 | 2.6 | -4 | -5.9 | 0.9 | 0.2 | 3.8 | 4.2 | 3.2 | |
| YoY Gr. Rt. % | - | NA | NA | -14% | -254.7% | NA | NA | -75.3% | 1685.7% | 10.9% | - | |
| BVPS (₹ ) | 0 | 0 | 43.2 | 44.9 | 38.1 | 32 | 31.5 | 33.9 | 39 | 45.6 | 50.2 | |
| YoY Gr. Rt. % | - | NA | NA | 3.9% | -15.2% | -15.9% | -1.5% | 7.4% | 15.1% | 16.9% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0 | 0 | 1 | 0.8 | -1.3 | -1.8 | 0.3 | 0.1 | 1.2 | 1.1 | 0.7 | |
| To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 1.1 | 1.7 | 1.3 | 0.9 | 1.9 | 1.5 | 0.9 | 0.6 | - | |
| To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Capital Adequacy Ratio (%) | - | - | - | - | - | - | - | - | - | - | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | NA | 36.6% | 30.6% | 30.2% | ||||
| Total Income | NA | 22.7% | 25.9% | 33.3% | ||||
| Adj EPS | NA | NA | 69.8% | 10.9% | ||||
| BVPS | NA | 3.7% | 13.1% | 16.9% | ||||
| Share Price | - | 7.9% | 9% | -25.6% | ||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Earned / Total Income | 0 | 0 | 89.38 | 89.04 | 93.47 | 90.41 | 87.84 | 84.41 | 83.57 | 83.64 | 84 | |
| Margins | To view Margins Colour Rating Guide click here ⓘ | |||||||||||
| NIM (%) | 0 | 0 | 2 | 1.7 | 2.3 | 4.5 | 4.9 | 5.4 | 5.6 | 5.8 | 5.7 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 0 | 7.2 | 6.4 | -11.2 | -16.9 | 2.9 | 0.7 | 10.6 | 10.1 | 6.3 | |
| Liquidity Ratio | To view Liquidity Ratio Colour Rating Guide click here ⓘ | |||||||||||
| CASA (%) | 0 | 0 | 5.1 | 11.8 | 12.9 | 32.2 | 51.8 | 48.4 | 49.7 | 47.3 | - | |
Total Income has increased 25.87 CAGR in last 3 years
Net Profit has increased 69.78 CAGR in last 3 years
Net NPA to Net Advances has declined versus last 3 years average
Return on Equity has declined versus last 3 years average to 6.60%
Total income growth is poor in last 4 quarters
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.2 | 3.2 |
| TTM Sales (₹ Cr.) | 33,844 | 33,846 |
| BVPS (₹.) ⓘ | 50.1 | 50.2 |
| Reserves (₹ Cr.) ⓘ | 29,310 | 29,396 |
| P/BV ⓘ | 1.29 | 1.29 |
| PE ⓘ | 20.37 | 20.40 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 59.24 / 92.33 |
| All Time Low / High (₹) | 17.75 / 100.74 |
| Market Cap (₹ Cr.) | 47,288 |
| Equity (₹ Cr.) | 7,319 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 17.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Income | 9,597 | 10,218 | 13,056 | 17,963 | 18,180 | 20,345 | 27,195 | 36,257 |
| Interest Income | 8,578 | 9,098 | 12,204 | 16,240 | 15,968 | 17,173 | 22,728 | 30,325 |
| Other Income ⓘ | 1,019 | 1,120 | 852 | 1,722 | 2,211 | 3,173 | 4,467 | 5,932 |
| Expenditure | 8,535 | 9,263 | 14,936 | 20,806 | 17,696 | 20,213 | 24,710 | 33,314 |
| Interest Expense | 6,515 | 7,126 | 8,743 | 10,228 | 8,585 | 7,465 | 10,091 | 13,870 |
| Operating Expenses | 1,332 | 1,797 | 6,091 | 5,765 | 7,053 | 9,597 | 12,108 | 16,148 |
| Provisions | 687 | 340 | 102 | 4,813 | 2,058 | 3,151 | 2,511 | 3,296 |
| Profit Before Tax | 1,514 | 1,135 | -3,210 | -2,346 | 519 | 175 | 3,331 | 3,857 |
| Taxes | 451 | 180 | -1,330 | 498 | 36 | 43 | 846 | 915 |
| Profit After Tax | 1,063 | 955 | -1,880 | -2,843 | 483 | 132 | 2,485 | 2,942 |
| Adjusted EPS (₹) | 3.00 | 2.58 | -3.99 | -5.91 | 0.85 | 0.21 | 3.75 | 4.16 |
| Dividend Payout Ratio (%) | 25% | 29% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 3,399 | 3,404 | 4,782 | 4,810 | 5,676 | 6,218 | 6,618 | 7,070 | ||
| Total Reserves ⓘ | 11,277 | 11,870 | 13,418 | 10,594 | 12,224 | 14,848 | 19,192 | 25,145 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Deposits | 40,098 | 48,039 | 70,354 | 65,079 | 88,536 | 1,05,540 | 1,44,470 | 2,00,570 | ||
| Borrowings ⓘ | 50,262 | 57,287 | 69,983 | 57,397 | 45,786 | 52,963 | 57,212 | 50,936 | ||
| Other Liabilities | 7,028 | 5,781 | 8,563 | 11,279 | 10,850 | 10,578 | 12,390 | 12,489 | ||
| Total Liabilities ⓘ | 1,12,064 | 1,26,382 | 1,67,099 | 1,49,159 | 1,63,072 | 1,90,146 | 2,39,882 | 2,96,210 | ||
Assets | ||||||||||
| Balance with RBI | 2,995 | 3,021 | 4,101 | 3,348 | 4,670 | 11,281 | 10,562 | 10,988 | ||
| Balance with Banks | 2,145 | 1,856 | 5,425 | 814 | 1,104 | 4,421 | 3,216 | 1,493 | ||
| Investments ⓘ | 50,164 | 60,904 | 58,245 | 45,174 | 45,182 | 45,935 | 60,913 | 74,500 | ||
| Advances | 49,402 | 52,165 | 86,302 | 85,595 | 1,00,550 | 1,17,858 | 1,51,795 | 1,94,592 | ||
| Net Block ⓘ | 793 | 797 | 940 | 999 | 1,231 | 1,308 | 1,914 | 2,580 | ||
| Other Assets | 6,560 | 7,636 | 12,051 | 13,153 | 10,271 | 9,264 | 11,263 | 11,962 | ||
| Total Assets ⓘ | 1,12,064 | 1,26,382 | 1,67,099 | 1,49,159 | 1,63,072 | 1,90,146 | 2,39,882 | 2,96,210 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14,128 | -5,978 | 17,364 | 10,966 | 14,042 | 2,679 | 3,563 | 11,543 |
| Cash Flow From Investing Activity ⓘ | -4,918 | -1,027 | -1,365 | -3,790 | -2,833 | -2,960 | -11,996 | -9,887 |
| Cash Flow From Financing Activity ⓘ | -6,974 | 6,742 | -12,220 | -12,539 | -9,598 | 10,211 | 6,509 | -2,954 |
| Net Cash Flow ⓘ | 2,236 | -263 | 3,779 | -5,363 | 1,610 | 9,929 | -1,924 | -1,298 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 3 | 3 | -4 | -6 | 1 | 0 | 4 | 4 | ||
| DPS (₹) | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| BVPS (₹) | 43 | 45 | 38 | 32 | 32 | 34 | 39 | 46 | ||
Margin Ratios | ||||||||||
| Yield on Advances (%) | 17.4 | 17.4 | 14.1 | 19.0 | 15.9 | 14.6 | 15.0 | 15.6 | ||
| Yield on Investments (%) | 7.7 | 7.3 | 6.8 | 9.5 | 8.1 | 6.9 | 5.8 | 5.8 | ||
| Cost of Liabilities (%) | 7.2 | 6.8 | 6.2 | 8.4 | 6.4 | 4.7 | 5.0 | 5.5 | ||
| NIM (%) | 2.0 | 1.7 | 2.3 | 4.5 | 4.9 | 5.4 | 5.6 | 5.8 | ||
| Interest Spread (%) | 10.2 | 10.7 | 7.9 | 10.6 | 9.5 | 9.9 | 10.0 | 10.1 | ||
Performance Ratios | ||||||||||
| ROA (%) | 1.0 | 0.8 | -1.3 | -1.8 | 0.3 | 0.1 | 1.2 | 1.1 | ||
| ROE (%) | 7.2 | 6.4 | -11.2 | -16.9 | 2.9 | 0.7 | 10.6 | 10.1 | ||
| ROCE (%) | 10.3 | 8.2 | 2.0 | 3.9 | 6.4 | 4.9 | 9.2 | 9.1 | ||
Efficiency Ratios | ||||||||||
| Cost to Income Ratio (%) | 43.2 | 58.1 | 141.2 | 74.5 | 73.5 | 74.5 | 70.8 | 72.1 | ||
| Operating Costs to Assets (%) | 1.2 | 1.4 | 3.6 | 3.9 | 4.3 | 5.1 | 5.1 | 5.5 | ||
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.4 | 1.1 | 1.5 | 0.7 | 1.8 | 1.2 | 1.4 | 1.7 | ||
IDFC First Bank Ltd. was formed with the merger between erstwhile Capital First and erstwhile IDFC Bank. It is a banking company. The Bank's segments include treasury, corporate/wholesale banking, retail banking and other banking business.
Business area of the bank
The business of the bank is divided into various segments: Treasury, Corporate / Wholesale Banking, Retail Banking Business and Other Banking Business. These segments have been identified and reported taking into account, the target customer segment, the nature of products, internal business reporting system, transfer pricing policy approved by Asset Liability Committee (ALCO).
Treasury- the treasury segment primarily consists of Bank’s investment portfolio, money market borrowing and lending, investment operations and entire foreign exchange and derivative portfolio of the Bank. Revenue of treasury segment consist of interest income on investment portfolio, inter segment revenue, gains or losses from trading operations, trades and capital market deals. The principal expenses consists of interest expenses from external sources & on funds borrowed from inter segments, premises expenses, personnel cost, direct and allocated overheads.
Corporate / Wholesale Banking- the wholesale banking segment provides loans, non-fund facilities and transaction services to corporate relationship not included under Retail Banking, and syndication. Revenues of the wholesale banking segment consists of interest earned on loans to customers, inter segment revenue, interest / fees earned on transaction services, earnings from trade services, fees on client FX & derivative and other non-fund facilities. The principal expenses of the segment consists of interest expense on funds borrowed from internal segments, premises expenses, personnel costs, other direct overheads and allocated expenses of delivery channels, and support groups.
Retail Banking- Retail Banking constitutes lending to individuals / business banking customers through the branch network and other delivery channels subject to the orientation, nature of product, granularity of the exposure and the quantum thereof. Revenues of the retail banking segment are derived from interest earned on retail loans, inter segment revenue and fees from services rendered, fees on client FX & derivative. Expenses of this segment primarily comprise interest expense on deposits & funds borrowed from inter segments, commission paid to retail assets sales agents, infrastructure and premises expenses for operating the branch network and other delivery channels, personnel costs, other direct overheads and allocated and support groups.
Other Banking Business- This segment includes revenue from distribution of third party products.
Products and services of the bank
Wholesale Banking
Wealth Management
Personal Banking
Business Banking
Awards
Milestones
2020
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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