IDFC First Bank Ltd Stock Analysis

BSE: 539437 | NSE: IDFCFIRSTB | Bank - Private | Large Cap

BSE Share Price Jan 24, 18:01
44.65 -2.05 (-4.39%)

DeciZen - Make an Informed Decision on IDFC First Bank

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is IDFC First Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IDFC First Bank Ltd is a average quality company.

2. Is IDFC First Bank Ltd undervalued or overvalued?

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.

3. Is IDFC First Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong 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.

10 Year X-Ray of IDFC First Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IDFC First Bank Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'11Mar'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Net Interest Income (₹ Cr.)000002,0631,9733,4616,0127,3838,288
YoY Gr. Rt. %-NANANANANA-4.4%75.5%73.7%22.8%-
Total Income000009,59710,21813,05617,96318,22219,438
YoY Gr. Rt. %-NANANANANA6.5%27.8%37.6%1.4%-
Adj EPS (₹ ) 0000032.6-4-5.90.9-0.4
YoY Gr. Rt. %-NANANANANA-14%-254.7%NANA-
BVPS (₹ )0000043.244.938.13231.532.8
YoY Gr. Rt. %-NANANANANA3.9%-15.2%-15.9%-1.5%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0000010.8-1.3-1.80.3-0.1
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)000001.11.71.30.91.9-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNANA55.3%22.8%
Total IncomeNANA21.3%1.4%
Adj EPSNANA-30.9%NA
BVPSNANA-11.1%-1.5%
Share Price - -6.9% -1.7% -9.7%

Key Financial Ratios

RATIOS \ YEARSMar'11Mar'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Interest Earned / Total Income0000089.3889.0493.4790.4187.6383.6
Margins To view Margins Colour Rating Guide click here
NIM (%)0000021.72.34.54.94.8
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)000007.26.4-11.2-16.92.9-1.2
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)000005.111.812.932.251.8-

Recent Performance Summary

Total Income has increased 21.27 CAGR in last 3 years

Return on Equity is Poor

Net Profit has declined -30.93 CAGR in last 3 years

Net NPA to Net Advances has increased in last 3 years

Total income growth is poor in last 4 quarters

Latest Financials - IDFC First Bank Ltd.

Standalone Consolidated
TTM EPS (₹) -0.4 -0.4
TTM Sales (₹ Cr.) 16,135 16,259
BVPS (₹.) 32.7 32.8
Reserves (₹ Cr.) 14,130 14,190
P/BV 1.43 1.42
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 40.75 / 69.30
All Time Low / High (₹) 17.75 / 83.45
Market Cap (₹ Cr.) 29,025
Equity (₹ Cr.) 6,215.2
Face Value (₹) 10
Industry PE 26.3

Management X-Ray of IDFC First Bank :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About IDFC First Bank Ltd

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

  • Savings Account 
  • Deposits 
  • Loans 
  • Investment 
  • Insurance 
  • Ways to Bank 
  • Payments 
  • Cards 
  • Forex

Business Banking

  • Accounts & Deposits 
  • Cash Management Services 
  • Loans 
  • Business Investment Solutions 
  • Trade Forex Services 
  • Ways to Bank 
  • Cards

Awards

  • Most Promising New Bank in India 2019 by Capital Finance International (CFI).
  • CNBC Awaaz Entrepreneur of the Year Award, 2019.
  • Prestigious Brands of India 2020 by Herald Global and BARC Asia.

Milestones

2020

  • IDFC First Bank, Bajaj Finance and Vivo have entered into partnership to waive dealer charges paid by retailers for selling devices under installment schemes.
  • IDFC FIRST Bank has opened its MBA Scholarship programme for the batch of 2020-2022, as part of its Corporate Social Responsibility (CSR).
  • DFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.
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