---
title: "IDFC Ltd(Merged) (IDFC) — Share Price, Financials & Analysis"
symbol: "IDFC"
company: "IDFC Ltd(Merged)"
canonical: "https://tapetide.com/stocks/IDFC"
isin: "INE043D01016"
nse_symbol: "IDFC"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T19:36:21.466Z"
---

# IDFC Ltd(Merged) (IDFC)

Canonical page: https://tapetide.com/stocks/IDFC

## Company

- **NSE Symbol:** IDFC
- **ISIN:** INE043D01016
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** idfc.com

## About

IDFC Limited was incorporated in 1997. It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India.  It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC’s holding in IDFC FIRST Bank has further reduced to 36.60% post the QIP issue done by the Bank in April 2021. [1] [2]

## Latest Price

- **Price:** ₹107.97
- **Change:** 0 (0%)
- **Open:** ₹110.04
- **Day High:** ₹110.63
- **Day Low:** ₹107.36
- **Previous Close:** ₹107.97
- **Volume:** 0
- **As Of:** 2024-10-09T10:29:34+00:00

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 30.4% CAGR over last 5 years

### Weaknesses

- Company has a low return on equity of -4.99% over last 3 years.
- Earnings include an other income of Rs.843 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 21% | 62% | 30% |
| revenue growth | -68% | 24% | -29% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29 | 54 | 2 | 22 | 49 | 30 | 53 | 27 | 37 | -8 | 10 | 12 |
| Expenses | 5 | 36 | 6 | 8 | 3 | 4 | 49 | 7 | 6 | 5 | 3 | 8 |
| Operating Profit | 24 | 18 | -4 | 14 | 47 | 25 | 4 | 19 | 31 | -13 | 7 | 4 |
| OPM % | 81 | 33 | -163 | 65 | 94 | 85 | 7 | 72 | 84 | — | 73 | 35 |
| Other Income | 246 | 36 | 215 | 245 | 297 | 249 | 3754 | 256 | 200 | 218 | 344 | 82 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 269 | 54 | 211 | 260 | 343 | 275 | 3758 | 268 | 230 | 205 | 351 | 87 |
| Tax % | 3 | 67 | 8 | 3 | 3 | 1 | 10 | 1 | 3 | -3 | 1 | 1 |
| Net Profit | 263 | 18 | 194 | 252 | 332 | 272 | 3387 | 264 | 224 | 210 | 348 | 86 |
| EPS in Rs | 1.64 | 0.11 | 1.22 | 1.58 | 2.08 | 1.7 | 21.17 | 1.65 | 1.4 | 1.31 | 2.17 | 0.54 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8968 | 10400 | 628 | 356 | 342 | 34 | 88 | 154 | 66 | 51 |
| Expenses | 1490 | 1806 | 517 | 1200 | 1274 | 503 | 25 | 64 | 21 | 21 |
| Operating Profit | 7478 | 8594 | 112 | -844 | -932 | -469 | 64 | 91 | 44 | 29 |
| OPM % | 83 | 83 | 18 | -237 | -273 | -1364 | 72 | 59 | 68 | 58 |
| Other Income | -2640 | -3 | 984 | -107 | 31 | 171 | 61 | 4545 | 1016 | 843 |
| Interest | 5736 | 6650 | 1 | 6 | 3 | 10 | 0 | 0 | 7 | 0 |
| Depreciation | 62 | 149 | 13 | 14 | 32 | 3 | 0 | 0 | 0 | 0 |
| Profit before tax | -959 | 1791 | 1082 | -970 | -936 | -311 | 125 | 4635 | 1054 | 872 |
| Tax % | -38 | 27 | 18 | -15 | 6 | 8 | 48 | 8 | 1 | — |
| Net Profit | -657 | 1240 | 885 | -822 | -996 | -337 | 64 | 4244 | 1046 | 867 |
| EPS in Rs | -5.86 | 4.38 | 5.44 | -5.26 | -6.23 | -2.1 | 0.4 | 26.52 | 6.53 | 5.42 |
| Dividend Payout % | 0 | 6 | 14 | 0 | -51 | 0 | 249 | 45 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1593 | 1594 | 1596 | 1596 | 1596 | 1596 | 1596 | 1596 | 1600 | 1600 |
| Reserves | 15684 | 8515 | 9224 | 9680 | 8788 | 6724 | 6619 | 7330 | 9997 | 11781 |
| Borrowings | 66252 | 65749 | 92153 | 3544 | 0 | 47 | 38 | 0 | 0 | 0 |
| Other Liabilities | 3534 | 10994 | 14650 | 767 | 173 | 200 | 110 | 237 | 89 | 48 |
| Total Liabilities | 87062 | 86851 | 117623 | 15587 | 10558 | 8568 | 8362 | 9164 | 11686 | 13429 |
| Fixed Assets | 1370 | 1725 | 2202 | 1270 | 885 | 918 | 834 | 0 | 0 | 0 |
| CWIP | 14 | 29 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 29975 | 30703 | 51687 | 9379 | 8673 | 6681 | 7386 | 7702 | 11221 | 12964 |
| Other Assets | 55703 | 54394 | 63728 | 4937 | 1000 | 969 | 143 | 1461 | 466 | 464 |
| Total Assets | 87062 | 86851 | 117623 | 15587 | 10558 | 8568 | 8362 | 9164 | 11686 | 13429 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7524 | 2994 | -3806 | -761 | 3418 | -1206 | -102 | 43 | 4128 | 860 |
| Cash from Investing Activity | -17628 | 8640 | -20361 | -713 | 154 | 2386 | -509 | 204 | -2356 | -906 |
| Cash from Financing Activity | 10010 | -8891 | 26382 | 1183 | -3729 | -652 | -25 | -3 | -1900 | 0 |
| Net Cash Flow | -94 | 2743 | 2215 | -291 | -157 | 528 | -636 | 244 | -129 | -47 |
| Free Cash Flow | 7486 | 2557 | -4085 | -773 | 3423 | -1225 | -38 | 98 | 4128 | 860 |
| CFO/OP | 95 | 55 | -68 | -504 | -415 | 125 | 12 | 240 | 5065 | 2266 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 2 | 1 | 2 | 13 | 14 | 19 | 135 | 0 | 0 | 0 |
| Cash Conversion Cycle | 2 | 1 | 2 | 13 | 14 | 19 | 135 | 0 | 0 | 0 |
| Working Capital Days | -739 | -708 | -1477 | -241 | 591 | 53 | -371 | 3945 | 84 | 1186 |
| ROCE % | 10 | 9 | 9 | 2 | -5 | -10 | -5 | 0 | -24 | 8 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FIIs | 38.39% | 32.08% | 35.19% | 37.27% | 24.8% | 21.34% | 20.42% | 20.99% | 20.82% |
| DIIs | 22.7% | 19.92% | 16.14% | 9.55% | 7.95% | 11.84% | 20.48% | 13.68% | 14.57% |
| Government | 16.38% | 16.37% | 16.37% | 16.37% | 16.37% | 16.37% | 16.45% | 16.45% | 16.45% |
| Public | 22.53% | 31.62% | 32.3% | 36.8% | 50.87% | 50.45% | 42.65% | 48.87% | 48.15% |
| No. of Shareholders | 467702 | 435867 | 421093 | 412684 | 448298 | 444385 | 461968 | 673915 | 678676 |

### Quarterly

| Category | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FIIs | 24.27% | 23.31% | 21.34% | 20.58% | 21.22% | 21.45% | 20.42% | 21.75% | 20.03% | 19.54% | 20.99% | 20.82% |
| DIIs | 6.19% | 7.08% | 11.84% | 12.49% | 16.86% | 17.38% | 20.48% | 20.67% | 15.64% | 14.77% | 13.68% | 14.57% |
| Government | 16.37% | 16.37% | 16.37% | 16.37% | 16.48% | 16.46% | 16.45% | 16.45% | 16.45% | 16.45% | 16.45% | 16.45% |
| Public | 53.17% | 53.24% | 50.45% | 50.55% | 45.44% | 44.72% | 42.65% | 41.13% | 47.86% | 49.23% | 48.87% | 48.15% |
| No. of Shareholders | 442410 | 456837 | 444385 | 456408 | 434881 | 440169 | 461968 | 452842 | 580405 | 640553 | 673915 | 678676 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.29 | Sell |
| EMA (10) | 1.3 | Sell |
| SMA (20) | 1.32 | Sell |
| EMA (20) | 1.31 | Sell |
| SMA (50) | 1.31 | Sell |
| EMA (50) | 1.32 | Sell |
| SMA (100) | 1.35 | Sell |
| EMA (100) | 1.48 | Sell |
| SMA (200) | 1.39 | Sell |
| EMA (200) | 5.21 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.06 | Neutral |
| MACD (12,26,9) | -0.01 | Sell |
| Stochastic (14,3,3) | 45.47 | Neutral |
| ADX (14) | 32.48 | Buy |
| Williams %R (14) | -52.78 | Neutral |
| ATR (14) | 0.09 | High Volatility |
| ROC (12) | -7.19 | Sell |
| Stoch RSI (14) | 11.67 | Buy |
| UO (7,14,28) | 64.86 | Neutral |

## Filings & Documents

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8716118d-a91a-4021-9a40-4ab48991b6ce.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8716118d-a91a-4021-9a40-4ab48991b6ce.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=242f6f4a-76df-4f59-ac4e-ba812cdeceb7.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/242f6f4a-76df-4f59-ac4e-ba812cdeceb7.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5abbfbf-956a-4568-a8d2-1c4c1ab743ac.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5abbfbf-956a-4568-a8d2-1c4c1ab743ac.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb72bc8d-f53b-433c-9451-6173a843567e.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb72bc8d-f53b-433c-9451-6173a843567e.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8563013-666f-47a5-9af1-8fc8ced66b08.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8563013-666f-47a5-9af1-8fc8ced66b08.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_IDFC_2011_2012_20062012101256.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_IDFC_2010_2011_04072011150505.zip) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9d9b73a-f59c-470d-9f95-2912a91dc5db.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/75138532659.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/69918532659_15_09_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/65400532659_10_09_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/5326590319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/5326590318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/5326590317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532659/5326590316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:21.466Z.