IDFC First Bank Ltd logo

IDFC First Bank Ltd

IDFCFIRSTB NSE

Key Fundamentals

MidcapPrivate BankBanks
Market Cap
₹73,953 Cr
Volatility
Moderate
P/E Ratio
31.49
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

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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 5.71% over last 3 years.
  • Contingent liabilities of Rs.5,47,873 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 1d ago
AI opinion · based on fundamentals
Risk high

IDFC First Bank trades at a market cap of Rs.74,057 Cr with a P/E of 32.1x and P/B of 1.53x. The bank has delivered strong 20% compounded sales growth over 5 years but ROE remains subdued at around 5.7% over 3 years, with TTM profit growth of 72% suggesting recent earnings recovery.

Bull Case 7
  • Strong revenue momentum with 20% compounded sales CAGR over 5 years and 27% over 10 years
  • TTM profit growth of 72% indicates significant earnings recovery and operating leverage kicking in
  • Median sales growth of 26.4% over last 10 years demonstrates consistent franchise expansion
  • 5-year compounded profit growth of 30% shows long-term earnings trajectory is positive despite near-term volatility
  • Stock has delivered 22% return over the past 1 year, reflecting improving market confidence in the business model
  • P/B ratio of 1.53x is reasonable for a bank with high growth rates, suggesting valuation has not fully priced in the growth runway
  • Dividend yield of 0.29% introduced recently signals management confidence in sustaining profitability
Bear Case 8
  • ROE remains weak at 4% last year and only 6% on a 3-year and 5-year average, well below the 15%+ benchmark for quality banks
  • Contingent liabilities of Rs.5,47,873 Cr represent a massive off-balance-sheet risk relative to Rs.74,057 Cr market cap
  • Low interest coverage ratio indicates vulnerability to margin compression or asset quality stress
  • P/E of 32.1x is elevated for a bank generating sub-6% ROE, implying the stock prices in significant future improvement
  • 3-year compounded profit growth is negative at -12%, showing earnings have been inconsistent
  • Other income of Rs.7,956 Cr within earnings raises questions about core operating profit quality
  • Dividend payout of only 8.38% of profits over 3 years suggests limited capital return to shareholders
  • 3-year stock CAGR of -2% indicates prolonged underperformance despite the recent rally

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

AI News Digest

Anthropic anthropic claude-opus-4.6 9h ago
Headwinds 1
  • Senior management departure Aug 11

    Ashish Singh resigned effective December 31, 2026, citing personal leadership opportunities elsewhere.

Positives 3
  • $350M notes at 5.80% coupon Aug 24

    Priced US$350 million in 5-year senior notes at 5.80% following strong global investor demand, adding to recent $600M issuance.

  • $600M debut international issuance Aug 19

    Upsized senior notes offering from $500M to $600M via IFSC Banking Unit, marking the bank's first entry into international debt markets.

  • Q1 FY27 PAT crosses ₹1,000 crore Aug 8

    FY26 PAT stood at ₹1,636 crore and Q1 FY27 PAT crossed ₹1,000 crore for the first time, signaling strong earnings momentum.

Neutral 3
  • Sept investor meets scheduled Aug 25

    Bank will present Q1-FY27 investor deck at events in Mumbai and Hong Kong in September 2026.

  • Aug investor meets in Asia Aug 9

    Analyst and institutional investor meetings scheduled 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 disclosing ESG metrics and environmental performance.

TL;DR: IDFC First Bank is executing well on funding diversification, raising nearly $1 billion in international debt markets within weeks, while earnings momentum is strong with Q1 FY27 PAT crossing ₹1,000 crore for the first time. A senior management exit is a minor concern but not structural. The trend is clearly improving with the bank broadening its capital access and demonstrating consistent profit growth.

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
26,412
27,549
Financing Profit
-3
353
592
73
-1,335
-3,795
-1,406
-2,674
-775
-1,528
-4,301
-5,197
-5,295
Fin. Margin %
10%
7%
1%
-11%
-23%
-9%
-16%
-3%
-5%
-12%
-13%
-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
844
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
38,750
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
21,333
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
2,444
CWIP
0
29
5
3
34
73
65
79
214
95
67
113
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
-14,219
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
-2,335
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
51
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

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 ₹73953.15 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 31.49. 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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