IDFC First Bank Ltd logo

IDFC First Bank Ltd

IDFCFIRSTB NSE

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.

AI Verdict: HOLD Confidence: 5%

IDFC First Bank trades at a P/E of 43.1x with ROE of just 5.72% over 3 years, suggesting the stock is priced for growth that hasn't yet materialized in profitability. Strong sales CAGR of 21% over 3 years and majority analyst buy ratings (52.4%) offer hope, but massive contingent liabilities of Rs.4,40,982 Cr and weak earnings growth of 8% TTM warrant caution.

Key Fundamentals

MidcapPrivate BankBanks
Market Cap
₹68,741 Cr
Volatility
Moderate
P/E Ratio
38.46
EBITDA
₹0.00 Cr
Return on Equity
9.12%
Debt to Equity
0
Book Value
₹54.72
EPS
₹3.82
52W High
₹87
52W Low
₹58.08

Technical Indicators

Key Insights

Strengths

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

Weaknesses

6
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • 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.7,873 Cr.
  • Dividend payout has been low at 8.38% of profits over last 3 years

Growth Rate

Revenue Growth
-6.74% ↘
Net Income Growth
8.06% ↗
Cash Flow Change
25.32% ↗
ROE
-57.13% ↘
ROCE
-7.19% ↗
EBITDA Margin (Avg.)
-40.16% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
HOLD
Risk high

IDFC First Bank trades at a P/E of 43.1x with ROE of just 5.72% over 3 years, suggesting the stock is priced for growth that hasn't yet materialized in profitability. Strong sales CAGR of 21% over 3 years and majority analyst buy ratings (52.4%) offer hope, but massive contingent liabilities of Rs.4,40,982 Cr and weak earnings growth of 8% TTM warrant caution.

Bull Case 7
  • Strong revenue growth with 3-year compounded sales CAGR of 21% and 10-year CAGR of 27%, indicating consistent franchise expansion
  • Majority analyst consensus is bullish with 52.38% recommending Buy (11 out of 21 analysts)
  • Median sales growth of 26.4% over last 10 years demonstrates sustained business momentum rare among mid-cap banks
  • Stock has delivered 14% return over the past 1 year, showing improving market sentiment
  • 5-year compounded profit growth of 30% indicates long-term earnings trajectory is positive despite recent slowdown
  • P/B ratio of 1.47x is reasonable for a growing bank, suggesting valuation is not excessively stretched on book value basis
  • Market cap of Rs.68,474 Cr provides adequate scale and liquidity for institutional investors
Bear Case 8
  • Massive contingent liabilities of Rs.4,40,982 Cr (over 6x market cap) pose significant tail risk to the balance sheet
  • Return on equity is dismal at 5.72% over 3 years and just 4% last year, well below the 15%+ benchmark for quality banks
  • P/E of 43.1x is expensive for a bank delivering only 4% ROE, implying the market is pricing in a turnaround that remains uncertain
  • TTM profit growth has decelerated sharply to 8% versus 30% CAGR over 5 years, signaling earnings momentum is fading
  • 3-year compounded profit growth is negative at -12%, indicating recent profitability has actually deteriorated
  • Low interest coverage ratio suggests vulnerability to rising rates or asset quality stress
  • Dividend payout of just 8.38% of profits over 3 years offers negligible income return with dividend yield of only 0.31%
  • Other income of Rs.7,873 Cr inflates reported earnings, raising questions about core operating profit quality

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 1
  • CBI charges against bank officials Jun 18

    CBI filed charges against IDFC First Bank officials and Crest executives over an alleged nexus. This marks a significant legal development and reputational risk for the bank.

Positives 1
  • ₹515 Cr credit guarantee received May 27

    IDFC First Bank received ₹514.82 crore under the Credit Guarantee Scheme for its microfinance portfolio, providing risk mitigation for underserved borrower segments.

Neutral 1
  • June 2026 investor meetings planned Jun 15

    IDFC First Bank announced analyst and institutional investor meetings in June 2026 across Singapore, virtual, and Mumbai venues.

TL;DR: IDFC First Bank faces a reputational headwind from CBI charges filed against its officials, though the specifics and impact remain unclear. On the positive side, the bank secured ₹514.82 crore under a government credit guarantee scheme, de-risking its microfinance book. The overall picture is mixed — the legal overhang introduces uncertainty, but operational engagement with government-backed schemes and active investor outreach signal continued business momentum. Watch for further details on the CBI case to assess whether it escalates into a material risk.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
6,424
6,868
7,356
7,879
8,219
8,789
8,957
9,343
9,413
9,642
9,937
10,417
10,553
Expenses
3,918
4,135
4,398
4,895
5,169
5,426
6,285
6,261
6,441
6,580
6,576
6,982
7,118
Financing Profit
-321
-390
-448
-609
-700
-731
-1,497
-1,359
-1,534
-1,647
-1,463
-1,490
-1,441
Fin. Margin %
-5%
-6%
-6%
-8%
-9%
-8%
-17%
-15%
-16%
-17%
-15%
-14%
-14%
Other Income
1,397
1,414
1,430
1,517
1,642
1,619
1,727
1,780
1,895
2,227
1,891
2,125
1,630
Interest
2,828
3,123
3,406
3,593
3,750
4,094
4,169
4,441
4,506
4,709
4,824
4,925
4,876
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,076
1,024
982
908
942
888
230
421
361
580
428
635
189
Tax %
25%
25%
23%
21%
23%
23%
13%
19%
16%
20%
18%
21%
-68%
Net Profit
803
765
751
716
724
681
201
339
304
463
352
503
319
EPS in Rs
1.21
1.15
1.12
1.01
1.02
0.96
0.27
0.46
0.42
0.63
0.48
0.58
0.37
Gross NPA %
2.51%
2.17%
2.11%
2.04%
1.88%
1.9%
1.92%
1.94%
1.87%
1.97%
1.86%
1.69%
1.61%
Net NPA %
0.86%
0.7%
0.68%
0.68%
0.6%
0.59%
0.48%
0.52%
0.53%
0.55%
0.52%
0.53%
0.48%
Figures in ₹ Crores

Profit & Loss

  Mar 2015 6mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
0
3,649
8,533
8,930
11,948
16,308
15,968
17,173
22,728
30,322
36,501
40,549
Expenses
3
494
1,425
1,725
4,534
9,871
8,786
12,380
13,410
17,979
23,593
27,256
Financing Profit
-3
353
592
73
-1,335
-3,795
-1,406
-2,674
-775
-1,528
-4,301
-6,040
Fin. Margin %
—
10%
7%
1%
-11%
-23%
-9%
-16%
-3%
-5%
-12%
-15%
Other Income
0
403
1,013
1,118
852
1,722
2,211
3,222
4,467
6,002
7,022
7,873
Interest
0
2,802
6,515
7,132
8,749
10,232
8,588
7,467
10,092
13,872
17,210
19,334
Depreciation
0
41
134
163
2,813
305
329
373
425
618
820
0
PBT
-3
716
1,471
1,027
-3,295
-2,379
476
175
3,267
3,855
1,900
1,833
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
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
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 Mar 2026
FIIs 36.52%
Public 27.84%
DIIs 22.74%
Government 7.80%
Others 5.09%
Total 99.99%
  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 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%
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%
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%
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%
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%
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%
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

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 Financial Services sector within the Banks 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 ₹68740.86 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 38.46. 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 ₹87. 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 0.32%. 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 9.12%. 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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