IDFC First Bank

Large Cap 46.7k Result

₹87.35

-0.7 (-0.8%)

Advice
Hold

As on 11 December, 2023 | 19:00 BSE: 539437 NSE: IDFCFIRSTBISIN: INE092T01019

Idfc First Bank Performance

Day Range

Low 87.15
High 88.60

₹ 87.35

52 Week Range

Low 52.10
High 100.70

₹ 87.35

Open Price88.50
Previous Close88.05
Volume37213779

Start SIP in IDFC First Bank

Start SIP

Idfc First Bank Share Price

Over 1 Month 2.34%
Over 3 Month -9.53%
Over 6 Month 21.83%
Over 1 Year 49.06%

Idfc First Bank Key Statistics

P/E Ratio	21.2
PEG Ratio	0.3
Market Cap Cr	61,683
Price to Book Ratio	2.4
EPS	3.5
Dividend	0
Relative Strength Index	52.62
Money Flow Index	58.65
MACD Signal	-0.03
Average True Range	2.08

Idfc First Bank F&O

Idfc First Bank Futures

Idfc First Bank Option Chain

Idfc First Bank Investment Rating

Master Rating:
Idfc First Bank has an operating revenue of Rs. 31,884.84 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 12% is healthy, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 12% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 52 which is a POOR score indicating inconsistency in earnings, a RS Rating of 57 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 143 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

IDFC First Bank Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Oper Rev Qtr Cr	7,356	6,868	6,424	5,912	5,470	4,922	4,554
Operating Expenses Qtr Cr	3,870	3,659	3,436	3,177	2,895	2,663	2,674
Operating Profit Qtr Cr	1,510	1,500	1,559	1,261	1,169	944	827
Depreciation Qtr Cr	0	0	0	0	0	0	0
Interest Qtr Cr	3,406	3,123	2,828	2,627	2,468	2,171	1,884
Tax Qtr Cr	231	259	274	206	189	162	114
Net Profit Qtr Cr	751	765	803	605	556	474	343

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	27,195	20,395
Operating Expenses Annual Cr	12,170	9,644
Operating Profit Annual in Cr	4,932	3,284
Depreciation Cr	425	373
Interest Annual Cr	10,092	7,467
Tax Annual Cr	830	30
Net Profit Annual Cr	2,437	145

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	3,600	2,604
Cash from Investing Activity Annual Cr	-11,969	-2,884
Cash from Financing Annual Activity Cr	6,509	10,211
Net Cash Flow Annual Cr	-1,860	9,930

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	25,721	21,003
Fixed Assets Annual Cr	2,090	1,361
Total Non Current Assets Annual Cr	0	0
Total Current Assets Annual Cr	176,728	142,676
Total Assets Annual Cr	239,942	190,182

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	39	34
ROE Annual %	9	1
ROCE Annual %	7	6
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	0	0

Indicator	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Oper Rev Qtr Cr	7,356	6,869	6,424	5,912	5,470	4,922	4,554
Operating Expenses Qtr Cr	3,849	3,638	3,418	3,162	2,880	2,649	2,661
Operating Profit Qtr Cr	1,511	1,472	1,577	1,277	1,184	958	840
Depreciation Qtr Cr	0	0	0	0	0	0	0
Interest Qtr Cr	3,406	3,122	2,827	2,626	2,467	2,170	1,884
Tax Qtr Cr	236	265	278	210	193	165	118
Net Profit Qtr Cr	747	732	816	617	567	485	352

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	27,195	20,345
Operating Expenses Annual Cr	12,108	9,597
Operating Profit Annual in Cr	4,996	3,284
Depreciation Cr	435	382
Interest Annual Cr	10,091	7,465
Tax Annual Cr	846	43
Net Profit Annual Cr	2,485	132

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	3,563	2,679
Cash from Investing Activity Annual Cr	-11,996	-2,960
Cash from Financing Annual Activity Cr	6,509	10,211
Net Cash Flow Annual Cr	-1,924	9,929

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	25,848	21,082
Fixed Assets Annual Cr	2,273	1,527
Total Non Current Assets Annual Cr	0	0
Total Current Assets Annual Cr	176,696	142,684
Total Assets Annual Cr	239,882	190,146

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	39	34
ROE Annual %	10	1
ROCE Annual %	7	6
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	0	0

Invest in Idfc First Bank

Idfc First Bank Technicals

EMA & SMA

Current Price

₹87.35

-0.7 (-0.8%)

Bullish Moving Average
___
13

Bearish Moving Average
___
3

EMA SMA

20 Day
₹86.65

50 Day
₹87.03

100 Day
₹85.46

200 Day
₹78.83

20 Day
₹86.24

50 Day
₹87.33

100 Day
₹88.77

200 Day
₹77.00

Idfc First Bank Resistance and Support

PIVOT

₹87.7

Resistance
First Resistance	88.25
Second Resistance	89.15
Third Resistance	89.70

RSI	52.62
MFI	58.65
MACD Single Line	-0.03
MACD	0.43

Support
First Resistance	86.80
Second Resistance	86.25
Third Resistance	85.35

Idfc First Bank Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	40,895,800	2,422,258,234	59.23
Week	89,121,411	5,186,866,143	58.2
1 Month	43,644,583	2,354,625,272	53.95
6 Month	47,281,451	2,108,752,709	44.6

Idfc First Bank Result Highlights

IDFC First Bank Synopsis

NSE-Banks-Money Center

Idfc First Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 22727.54 Cr. and Equity Capital is Rs. 6618.12 Cr. for the Year ended 31/03/2023. IDFC First Bank Ltd. is a Public Limited Listed company incorporated on 21/10/2014 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65110TN2014PLC097792 and registration number is 097792.

Market Cap	61,753
Sales	31,953
Shares in Float	437.82
No of funds	550
Yield	1.9

Book Value	2.27
U/D Vol ratio	0.9
LTDebt / Equity	222
Alpha	0.1
Beta	1.48

IDFC First Bank

Owner Name	Oct-23	Sep-23	Jun-23	Mar-23
Promoters	37.51%	39.37%	39.93%	39.99%
Mutual Funds	2.86%	2.68%	2.78%	2.72%
Insurance Companies	3.47%	2.21%	4.11%	4.22%
Foreign Portfolio Investors	23.32%	21.61%	13.73%	12.18%
Financial Institutions/ Banks	0.01%
Individual Investors	21.81%	22.17%	23.27%	24.7%
Others	11.02%	11.96%	16.18%	16.19%

IDFC First Bank Management

Name	Designation
Mr. Sanjeeb Chaudhuri	Chairman & Ind.Director
Mr. V Vaidyanathan	Managing Director & CEO
Mr. Madhivanan Balakrishnan	COO & Executive Director
Mr. Ajay Sondhi	Non Exe.Non Ind.Director
Mr. Vishal Mahadevia	Non Exe.Non Ind.Director
Dr. Jaimini Bhagwati	Non Exe.Non Ind.Director
Mr. Aashish Kamat	Independent Director
Dr.(Mrs.) Brinda Jagirdar	Independent Director
Mr. Hemang Raja	Independent Director
Mr. Pravir Vohra	Independent Director
Mr. S Ganesh Kumar	Independent Director

Idfc First Bank Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Other Analyst Rating

Idfc First Bank Corporate Action

Board

Date	Purpose	Remarks
2023-10-28	Quarterly Results
2023-07-29	Quarterly Results & Others	Inter alia, the Board will discuss and consider a proposal to raise funds in the next 1 (one) year from date of ensuing Annual General Meeting of the Bank.
2023-04-29	Audited Results & Others	To consider Fund Raising
2023-02-04	Others
2023-01-21	Quarterly Results

IDFC First Bank MF Shareholding

Name	Amount(cr)
Aditya Birla Sun Life ELSS Tax Saver Pyt of Inc Dis cum Cap Wdrl	13,536
Nippon India Arbitrage Fund Growth	11,945
Edelweiss Arbitrage Fund Regular Growth	7,036
Aditya Birla Sun Life Equity Hybrid '95 Fund Growth	6,930
Aditya Birla Sun Life Balanced Advantage Fund Growth	6,666

About Idfc First Bank

IDFC FIRST Bank also known earlier as IDFC Bank is one of the most opted private sector banks which was formed by merging Infrastructure Development Finance Company and Capital First, a non-Bank Indian-based Financial Institution. IDFC FIRST Bank was the first universal bank that offered not only monthly interest credit on savings accounts but also lifetime free credit cards with dynamic and low annual percentage rates.

They have gathered a whooping revenue of Rupees 22,728 crore in this current financial year. With over 22000 employees, IDFC FIRST Bank has an overall great performance which has brought profits from the IDFCFIRSTB share prices.

Their headquarters is located in Mumbai, Maharashtra in India and Mr V Vaidyanathan is the current Managing Director and Chief Executive Officer of this bank. IDFC FIRST Bank is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as the IDFCFIRSTB stocks for investors to trade on IDFCFIRSTB shares.

IDFC FIRST Bank has a very strong digital presence and provides online and mobile banking platforms to make banking processes easier remotely. As of late 2022, IDFC FIRST Bank held 36.38% promoter holding, 33.60% at institutional holding and rest 20.01% for public holding as IDFC FIRST Bank.

History of IDFC First Bank

IDFC LTD was first set up in 1997 as an infrastructure financial project but later in 2014, the Reserve Bank of India allowed IDFC to be a bank in the private sector. Since then IDFC Bank has been operating in multiple locations across the country including Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. They have over 600 branches to date.

When the Reserve Bank of India appointed Mr V. Vaidyanathan as Managing Director and CEO, the merger of Infrastructure Development Finance Company and Capital First became effective. 13.9 of IDFCBFIRST shares were issued for every IDFCBFIRST stock purchase after the merger as a scheme. As per recent reports, IDFCBFIRST shareholders who purchased IDFCBFIRST shares after 2021 will be receiving 155 IDFCBFIRST shares for every 100 shares they currently own in IDFC First Bank LTD.

Awards received by IDFC First Bank

● IDFCBFIRST - ESG SUMMIT and Awards 2023 awarded by Transformance Forums
● IDFCBFIRST - ESB Rising Star Award 2023 awarded by UBS Forums
● IDFCBFIRST- Most Preferred Workplace awarded by Team Marksmen
● IDFCBFIRST - Best Innovative Payment Solution of the Year awarded by Kamikaze Media
● IDFCBFIRST - Excellence in Onboarding Program awarded by The Economic Times Human Capital Awards

Important Facts about IDFC First Bank

● IDFC First Bank was formed in November 2015 through the merger of IDFC Bank and Capital First, an NBFC. The merger aimed to create a strong banking institution with enhanced capabilities.

● They offer a comprehensive range of financial products and services, including savings and current accounts, fixed deposits, loans (including personal, home, and business loans), credit cards, insurance products, and wealth management services.

● The bank also has a strong digital presence and offers online and mobile banking platforms for convenient and secure banking transactions. It has invested in digital technologies to enhance the customer experience and provide innovative banking solutions.

● IDFC First Bank is actively involved in CSR activities, focusing on areas such as education, healthcare, skill development, and environmental sustainability. The bank is committed to financial inclusion and aims to serve the underserved and unbanked segments of the population. It has undertaken initiatives to reach out to rural and semi-urban areas, providing tailored products and promoting financial literacy.

IDFC First Bank Ltd is a prominent private sector bank in India, formed through the merger of IDFC Bank and Capital First. The bank has a strong emphasis on financial inclusion and strives to serve underserved populations, particularly in rural and semi-urban areas. With a focus on digital banking, it provides convenient and secure online and mobile banking platforms.
IDFC First Bank is listed on the NSE and BSE as IDFCFIRSTB shares, allowing investors to trade its shares. Overall, the bank's commitment to customer-centric services, technological advancements, and financial inclusion solidifies its position as a leading player in India's banking industry.

IDFC First Bank FAQs

What is Share Price of IDFC First Bank ?

IDFC First Bank share price is ₹87 As on 11 December, 2023 | 18:46

What is the Market Cap of IDFC First Bank ?

The Market Cap of IDFC First Bank is ₹61682.6 Cr As on 11 December, 2023 | 18:46

What is the P/E ratio of IDFC First Bank ?

The P/E ratio of IDFC First Bank is 21.2 As on 11 December, 2023 | 18:46

What is the PB ratio of IDFC First Bank ?

The PB ratio of IDFC First Bank is 2.4 As on 11 December, 2023 | 18:46

Idfc First Bank Performance

Day Range

Low 87.15
High 88.60

₹ 87.35

52 Week Range

Low 52.10
High 100.70

₹ 87.35

Open Price88.50
Previous Close88.05
Volume37213779

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Idfc First Bank Key Statistics

P/E Ratio	21.2
PEG Ratio	0.3
Market Cap Cr	61,683
Price to Book Ratio	2.4
EPS	3.5
Dividend	0
Relative Strength Index	52.62
Money Flow Index	58.65
MACD Signal	-0.03
Average True Range	2.08