IDFC First Bank Ltd
IDFCFIRSTB NSE
IDFC First Bank Ltd
Banks F&ONSE: IDFCFIRSTB BSE: 539437 Private Bank
Key Fundamentals
MidcapPrivate BankBanksMarket 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view IDFC First Bank Ltd insights
61 extracted metrics + investor summaries across FY15–FY26.
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 5.71% 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 claude-opus-4.6 1d agoAI 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 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 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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% |
Profit & Loss
| Mar 2015 6m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | — | 7% | 7% | 6% | -12% | -17% | 3% | 1% | 10% | 10% | 4% | 4% |
Documents
1
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 Apr - Q4/FY26 earnings call transcript: PAT Rs 319 crore, FY26 PAT Rs 1,636 crore, loan book Rs 2.9 lakh crore. 30 Apr - Q4/FY26 earnings call transcript: PAT Rs 319 crore, FY26 PAT Rs 1,636 crore, loan book Rs 2.9 lakh crore.
2
Outcome Of Board Meeting - April 25, 2026
25 Apr - Board approved 3.5 crore ESOPs and appointed Pankaj Singh CHRO from April 27, 2026. 25 Apr - Board approved 3.5 crore ESOPs and appointed Pankaj Singh CHRO from April 27, 2026.
3
Audio Recording Of Earnings Call (Q4-FY26)
26 Apr - Q4-FY26 earnings call audio recording for audited results made available on April 26, 2026. 26 Apr - Q4-FY26 earnings call audio recording for audited results made available on April 26, 2026.
4
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
27 Apr - Allotment of 6,05,941 equity shares pursuant to exercise of ESOP 27 Apr - Allotment of 6,05,941 equity shares pursuant to exercise of ESOP
5
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
5 May - Allotment of 55,02,631 equity shares pursuant to exercise of ESOP 5 May - Allotment of 55,02,631 equity shares pursuant to exercise of ESOP
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