IDFC First Bank Ltd logo

IDFC First Bank Ltd

IDFCFIRSTB NSE

Key Fundamentals

MidcapPrivate BankBanks
Market Cap
₹74,237 Cr
Volatility
Moderate
P/E Ratio
31.97
EBITDA
₹2,668 Cr
Return on Equity
3.4%
Debt to Equity
0
Book Value
₹56.22
EPS
₹3.82
52W High
₹88.76
52W Low
₹58.08

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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61 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company's median sales growth is 26.4% of last 10 years

Weaknesses

5
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.72% over last 3 years.
  • Contingent liabilities of Rs.4,40,982 Cr.
  • Earnings include an other income of Rs.7,956 Cr.
  • Dividend payout has been low at 8.38% of profits over last 3 years

Growth Rate

Revenue Growth
11.37% ↗
Net Income Growth
8.06% ↘
Cash Flow Change
-52.88% ↘
ROE
-13.04% ↘
ROCE
-4.68% ↘
EBITDA Margin (Avg.)
-0.76% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

IDFC First Bank trades at a market cap of Rs.73,144 Cr with a P/E of 31.6x and P/B of 1.5x. The bank has delivered strong revenue growth (20% CAGR over 5 years) but ROE remains subdued at around 4-6%, reflecting the ongoing profitability build-out phase post-merger.

Bull Case 7
  • Strong revenue momentum with compounded sales growth of 20% over 5 years and 27% over 10 years, indicating consistent franchise expansion
  • TTM profit growth of 72% signals a significant inflection in earnings trajectory after years of elevated credit costs
  • Median sales growth of 26.4% over the last 10 years demonstrates a sustained ability to grow the loan book and fee income
  • 5-year compounded profit growth of 30% shows the bank is on an improving profitability path despite legacy asset quality challenges
  • P/B ratio of 1.5x is relatively moderate for a retail-focused bank with high growth rates, suggesting the market has not fully priced in the earnings ramp-up
  • Stock CAGR of 22% over the last 1 year reflects renewed market confidence in the bank's execution and earnings delivery
  • TTM revenue growth of 12% continues to outpace many peer banks, supporting operating leverage as the cost structure matures
Bear Case 8
  • Contingent liabilities of Rs.4,40,982 Cr represent a massive overhang — roughly 6x the bank's market cap — posing tail risk if even a fraction crystallizes
  • 3-year ROE of just 5.72% is well below the 14-16% range typical of mature private banks, indicating poor capital efficiency
  • Low interest coverage ratio suggests the bank's core earnings may be insufficient to comfortably service its obligations under stress
  • 3-year compounded profit decline of -12% highlights that recent TTM profits are recovering from a low base rather than representing normalized earnings power
  • Dividend payout of only 8.38% of profits over the last 3 years means shareholders receive minimal cash returns while waiting for the ROE to improve
  • P/E of 31.6x is elevated for a bank generating only 4% ROE in the last year, implying the stock is priced for significant future improvement that may not materialize
  • Other income of Rs.7,956 Cr within earnings raises questions about the sustainability and quality of reported profits
  • 10-year stock CAGR of just 5% — barely above inflation — reflects the long gestation and capital dilution shareholders have endured since the IDFC-Capital First merger

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 2
  • Senior exec resignation accepted Aug 11

    Ashish Singh's resignation accepted effective December 31, 2026, citing personal leadership opportunities elsewhere.

  • Provisions rose QoQ in Q1 Jul 27

    Provisions increased to ₹11.4 billion in Q1FY27 from ₹8.69 billion in the previous quarter, a 31% QoQ rise despite improving asset quality.

Positives 3
  • Record Q1FY27 PAT ₹1,075 crore Jul 27

    Q1FY27 PAT surged 132.4% YoY to a record ₹1,075 crore, with NIM expanding to 5.96% and loan growth of 20.6% to ₹3,05,370 crore. GNPA improved to 1.51% from 1.61% QoQ and NNPA to 0.44% from 0.48%.

  • ₹20,000 crore fund raise approved Jul 25

    Board approved raising up to ₹7,500 crore in equity and ₹12,500 crore in debt, strengthening capital buffers for growth.

  • FY26 PAT at ₹1,636 crore Aug 8

    Full-year FY26 PAT stood at ₹1,636 crore; Q1 FY27 PAT crossed ₹1,000 crore for the first time, marking a profitability milestone.

Neutral 4
  • Investor meets in Asia, Mumbai Aug 9

    Scheduled analyst and institutional investor meetings from August 11-18 in Singapore, Hong Kong, and Mumbai.

  • BRSR report published for FY26 Aug 8

    Published Business Responsibility and Sustainability Report for FY 2025-26 covering ESG metrics, workforce data, and environmental performance.

  • AGM scheduled August 31, 2026 Aug 8

    12th AGM set for August 31, 2026 via video conferencing to approve annual accounts and dividend.

  • Q1FY27 earnings call recording live Jul 26

    Audio recording of the July 25, 2026 earnings call discussing Q1FY27 unaudited results is now available.

TL;DR: IDFC First Bank is firing on all cylinders with record quarterly profit of ₹1,075 crore (up 132% YoY), strong 20.6% loan growth, and improving asset quality. The ₹20,000 crore fund raise approval positions the bank well for continued expansion. Key risks are rising provisions and a senior management departure. The earnings trajectory is clearly improving, and sustained NIM above 5.9% with sub-1.5% GNPA would reinforce the re-rating thesis.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
6,868
7,356
7,879
8,219
8,789
8,957
9,343
9,413
9,642
9,937
10,417
10,553
11,051
Expenses
4,135
4,398
4,895
5,169
5,426
6,285
6,261
6,441
6,580
6,576
6,982
7,118
6,873
Financing Profit
-390
-448
-609
-700
-731
-1,497
-1,359
-1,534
-1,647
-1,463
-1,490
-1,441
-901
Fin. Margin %
-6%
-6%
-8%
-9%
-8%
-17%
-15%
-16%
-17%
-15%
-14%
-14%
-8%
Other Income
1,414
1,430
1,517
1,642
1,619
1,727
1,780
1,895
2,227
1,891
2,125
1,630
2,309
Interest
3,123
3,406
3,593
3,750
4,094
4,169
4,441
4,506
4,709
4,824
4,925
4,876
5,079
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,024
982
908
942
888
230
421
361
580
428
635
189
1,409
Tax %
25%
23%
21%
23%
23%
13%
19%
16%
20%
18%
21%
-68%
24%
Net Profit
765
751
716
724
681
201
339
304
463
352
503
319
1,075
EPS in Rs
1.15
1.12
1.01
1.02
0.96
0.27
0.46
0.42
0.63
0.48
0.58
0.37
1.25
Gross NPA %
2.17%
2.11%
2.04%
1.88%
1.9%
1.92%
1.94%
1.87%
1.97%
1.86%
1.69%
1.61%
1.51%
Net NPA %
0.7%
0.68%
0.68%
0.6%
0.59%
0.48%
0.52%
0.53%
0.55%
0.52%
0.53%
0.48%
0.44%
Figures in ₹ Crores

Profit & Loss

  Mar 2015 6mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
0
3,649
8,533
8,930
11,948
16,308
15,968
17,173
22,728
30,322
36,501
40,549
41,958
Expenses
3
494
1,425
1,725
4,534
9,871
8,786
12,380
13,410
17,979
23,593
27,256
27,549
Financing Profit
-3
353
592
73
-1,335
-3,795
-1,406
-2,674
-775
-1,528
-4,301
-6,040
-5,295
Fin. Margin %
—
10%
7%
1%
-11%
-23%
-9%
-16%
-3%
-5%
-12%
-15%
-13%
Other Income
0
403
1,013
1,118
852
1,722
2,211
3,222
4,467
6,002
7,022
7,873
7,956
Interest
0
2,802
6,515
7,132
8,749
10,232
8,588
7,467
10,092
13,872
17,210
19,334
19,703
Depreciation
0
41
134
163
2,813
305
329
373
425
618
820
0
0
PBT
-3
716
1,471
1,027
-3,295
-2,379
476
175
3,267
3,855
1,900
1,833
2,661
Tax %
0%
35%
31%
16%
-41%
20%
5%
17%
25%
23%
20%
11%
—
Net Profit
-3
467
1,020
859
-1,944
-2,864
452
145
2,437
2,957
1,525
1,636
2,249
EPS in Rs
-516
1.38
3
2.52
-4.07
-5.95
0.8
0.23
3.68
4.18
2.08
1.9
2.68
Div. Payout %
0%
18%
25%
30%
0%
0%
0%
0%
0%
0%
12%
13%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.05
3,393
3,399
3,404
4,782
4,810
5,676
6,218
6,618
7,070
7,322
8,602
Reserves
-3
10,240
11,279
11,852
13,378
10,533
12,132
14,786
19,103
25,091
30,756
38,462
Borrowing
0
57,160
50,262
57,287
69,983
57,397
45,786
52,963
57,212
50,936
38,975
36,621
Deposits
—
8,219
40,208
48,198
70,479
65,108
88,688
1,05,634
1,44,637
2,00,576
2,52,065
2,94,475
Other Liabilities
3
4,204
7,011
5,778
8,563
11,353
10,861
10,581
12,371
12,442
14,701
21,621
Total Liabilities
0
83,216
1,12,160
1,26,520
1,67,185
1,49,200
1,63,144
1,90,182
2,39,942
2,96,115
3,43,819
3,99,780
Fixed Assets
0
644
781
781
917
965
1,201
1,282
1,876
2,525
2,596
2,557
CWIP
0
29
5
3
34
73
65
79
214
95
67
0
Investments
0
29,729
50,472
61,202
58,475
45,405
45,412
46,145
61,124
74,710
80,716
85,966
Other Assets
0
52,814
60,901
64,535
1,07,759
1,02,758
1,16,466
1,42,676
1,76,728
2,18,785
2,60,440
3,11,257
Total Assets
0
83,216
1,12,160
1,26,520
1,67,185
1,49,200
1,63,144
1,90,182
2,39,942
2,96,115
3,43,819
3,99,780
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
-13,034
14,247
-5,941
17,293
10,927
14,061
2,604
3,600
11,328
14,395
6,915
Investing
0
7,171
-5,074
-1,008
-412
-3,764
-2,826
-2,884
-11,969
-9,792
-3,095
-14,241
Financing
0
7,475
-6,974
6,744
-12,207
-12,539
-9,598
10,211
6,509
-2,954
-8,682
4,969
Net Cash Flow
0
1,612
2,198
-205
4,675
-5,376
1,637
9,930
-1,860
-1,418
2,617
-2,357
Free Cash Flow
0
-13,212
13,993
-6,104
17,037
10,534
13,519
2,131
2,447
10,189
13,542
6,178
CFO/OP
0
-406
204
-78
232
172
188
51
42
98
113
54
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
—
7%
7%
6%
-12%
-17%
3%
1%
10%
10%
4%
4%

Shareholding Pattern

As of Jun 2026
FIIs 36.10%
Public 26.68%
DIIs 24.37%
Government 7.79%
Others 5.06%
Total 100.00%
  Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Oct 2023Dec 2023Mar 2024Jun 2024Jul 2024Sep 2024Oct 2024Dec 2024Mar 2025Jun 2025Aug 2025Sep 2025Oct 2025Dec 2025Mar 2026Jun 2026
Promoters
39.98%
36.60%
36.56%
36.52%
36.51%
36.49%
36.48%
36.47%
36.38%
39.99%
39.93%
39.37%
37.51%
37.45%
37.43%
37.37%
35.39%
35.37%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.58%
7.56%
7.13%
7.12%
2.87%
26.05%
2.25%
23.65%
21.02%
19.91%
19.57%
27.30%
27.12%
25.68%
23.80%
0.00%
24.63%
35.60%
36.75%
36.52%
36.10%
DIIs
11.13%
17.10%
4.02%
4.24%
4.39%
3.89%
5.43%
9.32%
9.63%
7.69%
7.72%
5.59%
7.10%
6.00%
6.81%
7.93%
12.82%
11.74%
16.20%
16.14%
19.30%
23.40%
24.04%
24.32%
20.78%
22.39%
22.74%
24.37%
Government
4.61%
4.22%
4.21%
4.21%
4.21%
4.20%
4.20%
4.23%
4.22%
3.98%
3.97%
3.91%
3.73%
3.72%
3.72%
3.72%
3.52%
3.52%
9.17%
9.17%
9.16%
9.15%
9.15%
9.14%
7.81%
7.81%
7.80%
7.79%
Public
20.26%
18.52%
20.97%
23.21%
23.19%
24.51%
26.89%
26.12%
25.72%
24.70%
23.27%
22.17%
21.81%
23.55%
24.36%
25.74%
24.37%
25.60%
39.49%
40.41%
39.04%
37.15%
36.20%
35.61%
30.43%
27.90%
27.84%
26.68%
Others
24.03%
23.55%
34.24%
31.82%
31.72%
30.90%
26.99%
16.27%
16.49%
16.52%
17.99%
26.09%
3.79%
27.03%
4.02%
4.22%
4.00%
4.20%
7.84%
7.17%
6.82%
6.50%
30.61%
6.29%
5.38%
5.15%
5.09%
5.06%
No. of Shareholders
11,83,360
11,82,730
13,46,960
14,49,850
15,17,330
15,68,960
16,39,150
16,11,340
16,42,940
17,08,380
17,37,960
20,38,990
20,93,680
23,82,670
26,11,510
27,63,050
27,63,050
28,56,380
32,04,140
32,94,940
32,78,260
31,54,470
30,93,010
30,40,720
30,40,720
28,65,890
28,90,400
27,89,800

Documents

1
Concall - Apr 2017 Apr 2017
2
Concall - Oct 2017 Oct 2017
3
Concall - Jan 2018 Jan 2018
4
Concall - Apr 2018 Apr 2018
5
Concall - Aug 2018 Aug 2018

Frequently Asked Questions about IDFC First Bank Ltd

What does IDFC First Bank Ltd do?
IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
Where is IDFC First Bank Ltd (IDFCFIRSTB) listed?
IDFC First Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: IDFCFIRSTB and BSE: 539437. You can view its live share price, financials, and ratios on Tapetide.
Which sector does IDFC First Bank Ltd belong to?
IDFC First Bank Ltd operates in the Banks sector within the Private Bank industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of IDFC First Bank Ltd?
IDFC First Bank Ltd has a market capitalisation of approximately ₹74237.39 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of IDFC First Bank Ltd?
The Price-to-Earnings (PE) ratio of IDFC First Bank Ltd is 31.97. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of IDFC First Bank Ltd?
Over the past 52 weeks, IDFC First Bank Ltd has traded between a low of ₹58.08 and a high of ₹88.76. This range helps investors understand the stock's price volatility and recent trading levels.
Does IDFC First Bank Ltd pay dividends?
Yes, IDFC First Bank Ltd has a dividend yield of 0.29%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of IDFC First Bank Ltd?
IDFC First Bank Ltd has a Return on Equity (ROE) of 3.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research IDFC First Bank Ltd on Tapetide?
On Tapetide, you can view IDFC First Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.

Website idfcbank.com
CEO Mr. Vembu Vaidyanathan AMP (HBS), MBA
Employees 42,190
Listed 2015-11-06
Face Value ₹ 10
Issued Size 8,59,56,88,833

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