Aankondiging • Oct 10
IDFC Limited(BSE:532659) dropped from S&P Global BMI Index IDFC Limited(BSE:532659) dropped from S&P Global BMI Index Aankondiging • Sep 07
IDFC Limited Announces Resignation of Shivangi Mistry, Company Secretary, Effective Date October 31, 2024 IDFC Limited informed that Ms. Shivangi Mistry, Company Secretary (Key Managerial Personnel), of IDFC Limited (Bank), has tendered her resignation to pursue career opportunities outside the
Company, and the same has been accepted by the IDFC. The effective date of her release shall be October 31, 2024 (close of business hours). New Risk • Aug 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (₹24m sold). Aankondiging • Jul 29
IDFC Limited to Report Q1, 2025 Results on Aug 02, 2024 IDFC Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Upcoming Dividend • Jul 09
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 03 August 2024. The company last paid an ordinary dividend in April 2014. The average dividend yield among industry peers is 1.4%. Aankondiging • Jul 04
IDFC Limited Declares Interim Dividend, Payable on or After July 23, 2024 IDFC Limited at its board meeting held on July 4, 2024 declared an Interim Dividend of 10% i.e. INR 1.00/- per equity share of the Company. The Interim Dividend, shall be payable to all those equity shareholders, whose names appear in the Register of Members of the Company as at close of day on July 16, 2024, being the record date for the purpose of the aforesaid Interim Dividend. Interim Dividend will be paid to eligible shareholders on or after July 23, 2024. Recent Insider Transactions • Jun 28
Independent Non-Executive Chairman recently sold ₹24m worth of stock On the 25th of June, Anil Singhvi sold around 200k shares on-market at roughly ₹122 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anil's only on-market trade for the last 12 months. Aankondiging • Apr 24
IDFC Limited to Report Fiscal Year 2024 Results on May 07, 2024 IDFC Limited announced that they will report fiscal year 2024 results on May 07, 2024 Aankondiging • Dec 27
IDFC Limited to Report Q3, 2024 Results on Jan 31, 2024 IDFC Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Aankondiging • Sep 27
IDFC Limited to Report First Half, 2024 Results on Oct 30, 2023 IDFC Limited announced that they will report first half, 2024 results on Oct 30, 2023 Board Change • Sep 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Additional Independent Director Jaimini Bhagwati is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Aug 19
IDFC Limited Announces Cessation of Ajay Sondhi as Independent Director IDFC Limited announced that Mr. Ajay Sondhi (DIN: 01657614) has ceased to be an Independent Director of the Company upon completion of his term at the conclusion of the 26 annual general meeting held on August 17, 2023. Membership of Board Committees: Audit Committee – Member; Corporate Social Responsibility; Committee – Member; Nomination & Remuneration; Committee -Member; Stakeholder & Relationship Committee -Member; Independent Director Committee - Member. Aankondiging • Aug 18
IDFC Limited Appoints Bipin Gemani as Whole Time Director IDFC Limited at its Annual General Meeting held on August 17, 2023, approved appointment of Mr. Bipin Gemani as the Whole Time Director. New Risk • Aug 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 459% Last year net profit margin: 12,106% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Aankondiging • Jul 28
IDFC Limited to Report Q1, 2024 Results on Aug 04, 2023 IDFC Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Aankondiging • Jul 24
IDFC Limited, Annual General Meeting, Aug 17, 2023 IDFC Limited, Annual General Meeting, Aug 17, 2023, at 15:00 Indian Standard Time. Agenda: To consider and approve the audited consolidated financial statements of the Company for the financial year ended March 31, 2023 and the Report of the Auditors thereon; to consider reappointment of Director in place of Mr. Mahendra N Shah who retires by rotation; to consider re-appointment of Mr. Mahendra N Shah as the Managing Director and payment of his remuneration; and to consider appointment of Mr. Bipin Gemani as the Whole Time Director and Chief Financial Officer and payment of his remuneration. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹77.75, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 131% over the past three years. Upcoming Dividend • Feb 06
Upcoming dividend of ₹11.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 13 February 2023. Payment date: 03 March 2023. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (2.4%). Aankondiging • Feb 02
IDFC Limited Declares Special Interim Dividend, Payable on or After February 24, 2023 IDFC Limited at its board meeting held on February 1, 2023, considered and declared a Special Interim Dividend of 110% that is INR 11 per equity share of the Company. Total amount of dividend payout would be approx. INR 17,600 million. The Special Interim Dividend, shall be payable to all those equity shareholders, whose names appear in the Register of Members of the Company as at close of day on February 13, 2023, being the record date for the purpose of the aforesaid Special Interim Dividend. Special Interim Dividend will be paid lo eligible shareholders on or after February 24, 2023. Aankondiging • Feb 01
Bandhan Financial Holdings Ltd., Lathe Investment Pte. Ltd., Tangerine Investments Limited and Infinity Partners completed the acquisition of IDFC Asset Management Company Limited/IDFC AMC Trustee Company Limited from IDFC Limited (NSEI:IDFC) and IDFC Financial Holding Company Limited for INR 44.9 billion. Bandhan Financial Holdings Ltd., Lathe Investment Pte. Ltd., Tangerine Investments Limited and Infinity Partners agreed to acquire 99.96% stake in IDFC Asset Management Company Limited and 100% stake in IDFC AMC Trustee Company Limited from IDFC Limited (NSEI:IDFC) and IDFC Financial Holding Company Limited for INR 45 billion on April 6, 2022. The Transaction is subject to receipt of necessary regulatory approvals and customary closing conditions. As of August 2, 2022, Competition Commission of India approves the acquisition. As of October 20, 2022, the transaction has been approved by the Reserve Bank of India. As of November 30, 2022, the transaction is approved by SEBI. Saswat Subasit, Shourya Sengupta, Sumit Chakraborty, Dipen Chatterjee, Supratim Chakraborty , Anshul Prakash, and Abhinav Rastogi of Khaitan & Co. porvided legal counsel to Bandhan Financial Holdings Ltd. JM Financial Limited acted as the financial advisors to the Consortium and Citigroup Global Markets India Private Limited acted as the exclusive financial advisors to IDFC Limited. TriLegal Partners provided legal counsel to GIC.
Bandhan Financial Holdings Ltd., Lathe Investment Pte. Ltd., Tangerine Investments Limited and Infinity Partners completed the acquisition of IDFC Asset Management Company Limited/IDFC AMC Trustee Company Limited from IDFC Limited (NSEI:IDFC) and IDFC Financial Holding Company Limited for INR 44.9 billion on January 31, 2023. Transaction completed following receipt of all necessary regulatory approvals and completion of mutually agreed closing related actions. Aankondiging • Jan 26
IDFC Limited to Report Q3, 2023 Results on Feb 01, 2023 IDFC Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Additional Independent Director Jaimini Bhagwati is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
First half 2023 earnings released: EPS: ₹3.73 (vs ₹0.92 loss in 1H 2022) First half 2023 results: EPS: ₹3.73 (up from ₹0.92 loss in 1H 2022). Revenue: ₹1.17b (down 52% from 1H 2022). Net income: ₹5.95b (up ₹7.44b from 1H 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Additional Independent Director Jaimini Bhagwati is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. MD, CEO & Director Sunil Kakar is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Sep 30
IDFC Limited to Report Q2, 2023 Results on Nov 11, 2022 IDFC Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₹68.40, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 114% over the past three years. Aankondiging • Aug 28
IDFC Limited, Annual General Meeting, Sep 27, 2022 IDFC Limited, Annual General Meeting, Sep 27, 2022, at 11:00 Indian Standard Time. Aankondiging • Aug 25
IDFC Limited Announces Executive Changes The board of directors of IDFC Limited meeting held on August 24, 2022, approved resignation of Mr. Mahendra N. Shah as the Company Secretary & Compliance Officer of the company at the close of business hours on August 24, 2022. The board also approve the appointment of Ms. Shivangi Mistry as the Company Secretary & Compliance Officer of the Company, with effect from August 25, 2022. Ms. Shivangi Mistry is associated with IDFC group since June 2018. In her role, she has variety of exposure across secretarial functions of IDFC Limited. Prior to joining IDFC, Ms. Mistry has worked with Tilaknagar Industries Limited and Future Corporate Resource Limited. She is a qualified member of the Institute of Company Secretaries of India and hold Master's degree in commerce from University of Mumbai and Bachelor degree in commerce from S.I.E.S College of Commerce and Economics, Mumbai. Aankondiging • Aug 18
IDFC Limited Announces Cessation of Ritu Anand as Independent Director IDFC Limited announced that Ms. Ritu Anand ceased to be an Independent Director of the company upon completion of her term of 3 consecutive years at the close of business hours on August 15, 2022. Membership of Board Committees: Audit Committee – Member; Risk Management & IT Strategy Committee – Chairperson. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹1.44 (vs ₹2.57 loss in 1Q 2022) First quarter 2023 results: EPS: ₹1.44 (up from ₹2.57 loss in 1Q 2022). Revenue: ₹223.7m (down 79% from 1Q 2022). Net income: ₹2.31b (up ₹6.41b from 1Q 2022). Aankondiging • Jul 21
IDFC Limited to Report Q1, 2023 Results on Aug 09, 2022 IDFC Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Recent Insider Transactions • Jul 03
Chief Financial Officer recently bought ₹2.4m worth of stock On the 29th of June, Bipin Gemani bought around 48k shares on-market at roughly ₹49.60 per share. This was the largest purchase by an insider in the last 3 months. This was Bipin's only on-market trade for the last 12 months. Reported Earnings • May 21
Full year 2022 earnings released: ₹0.009 loss per share (vs ₹2.11 loss in FY 2021) Full year 2022 results: ₹0.009 loss per share (up from ₹2.11 loss in FY 2021). Revenue: ₹973.4m (down 76% from FY 2021). Net loss: ₹28.6m (loss narrowed 99% from FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Anita Belani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 21
IDFC Limited to Report Fiscal Year 2022 Results on May 20, 2022 IDFC Limited announced that they will report fiscal year 2022 results on May 20, 2022 Upcoming Dividend • Apr 12
Inaugural dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 19 April 2022. Payment date: 06 May 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in July 2011. The average dividend yield among industry peers is 1.8%. Aankondiging • Apr 07
IDFC Limited Declares Interim Dividend, Payable on or After May 01, 2022 IDFC Limited at its board meeting held on April 6, 2022, has considered and declared an interim dividend of 10% i.e. INR 1 per equity share of the Company. The interim dividend, shall be payable to all those equity shareholders, whose names appear in the Register of Members of the Company as at close of day on April 20, 2022, being the record date for the purpose of the aforesaid interim dividend. interim dividend will be paid to eligible shareholders on or after May 01, 2022. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Anita Belani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Anita Belani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 01
PE Firms Reportedly Partner Each of 4 IDFC MF Suitors TPG Capital, L.P. has joined forces with IndusInd Bank Limited (BSE:532187) and a private promoter entity of the lender to form a consortium and make a firm bid for mutual fund business of IDFC Limited (BSE:532659), said people aware of the development. The TPG-IndusInd combination is competing with three other such groups that have got formed ahead of the mid-March 2022 binding bid deadline. It is after a long time that each of the shortlisted contenders " home-grown banks and global asset management firms " in the fray has tied up with a private equity firm. Sundaram Mutual Fund has partnered The Carlyle Group Inc. (NasdaqGS:CG), while Invesco Ltd. (NYSE:IVZ) and Warburg Pincus LLC have created a consortium for the potential INR 50 billion buyout, the people add. Bandhan Bank Limited (NSEI:BANDHANBNK) and GIC Pte. Ltd., which is also a co-investor in the bank along with Temasek Holdings (Private) Limited. Carlyle, TPG, IndusInd, Warburg and Bandhan declined to comment. Mails sent to GIC, IDFC Asset Management Company Limited (IDFC AMC), Invesco and Sundaram remained unanswered at press time on February 27, 2022. In September 2021, the boards of IDFC and IDFC Financial Holding Company Limited ratified a proposal to divest the mutual fund business, IDFC Asset Management. Citigroup was roped in and is running a formal process to find a buyer for the MF business, sources said. Aankondiging • Feb 21
IDFC Ltd, IDFC First Bank Merger Reportedly May Get Pushed to FY24 There is little progress on the proposed merger of IDFC First Bank Limited (BSE:539437) and IDFC Limited (BSE:532659). Talks are going on with UTI and fintechs for potential takeover. Highly placed sources say that after the preliminary exchange of consent, the bank is yet to hear about the valuations or the modalities of the merger from IDFC Limited, pushing the earlier slated timeline (FY23) by a fiscal to FY24. “The holding company is yet to revert on the matter,” said the person cited above. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: ₹0.11 (up from ₹1.28 loss in 3Q 2021). Revenue: ₹1.61b (up 57% from 3Q 2021). Net income: ₹182.3m (up ₹2.24b from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 361%. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year. Aankondiging • Feb 08
IDFC Limited Appoints Anita Belani as an Independent Director IDFC Limited approved the appointment of Ms. Anita Belani as an Independent Director. Aankondiging • Jan 27
Vanguard, Nippon India, Axis in Race for IDFC's Mutual Fund Business The Vanguard Group, Inc. besides local asset managers Nippon Life India Asset Management Limited (NSEI:NAM-INDIA) and Axis Asset Management Company Limited, are contenders to acquire IDFC Limited's (BSE:532659) mutual fund business in a deal that could be worth INR 70,000 million-INR 100,000 million, three people directly aware of the discussions said. "Vanguard is a top contender. About 15 entities, including foreign asset management companies, financial services firms, and private equityfunds, have shown interest in buying IDFC Mutual Fund. But the bidding process is still on. Once the bids are opened, IDFC will examine and shortlist the buyer," one of the three people said. The proposed sale is in line with IDFC's plan to merge with IDFC First Bank Ltd. and focus on banking operations after shedding its non-core assets, including IDFC AMC. "Even though IDFC Mutual Fund's debt portfolio is bigger than its equity assets, the exposure is entirely in AAA-rated papers, which is why inflows to its debt schemes steadily increased after the IL&FS crisis. In the equity portfolio, even though the mix of equity schemes is low in the overall portfolio, the 1-3 year returns from the equity schemes are about 100%. That's why IDFC is expecting 7-10% of the assets under management as a fair valuation for the asset management company business," the person cited earlier said. A spokesperson for Nippon India Mutual fund said the company does not respond to market speculation. Emails sent to Axis Mutual Fund and a Vanguard group spokesperson in the US remained unanswered. IDFC Ltd. and IDFC Asset Management Co. declined to comment on the deal. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS ₹1.65 (vs ₹0.91 loss in 2Q 2021) Second quarter 2022 results: Revenue: ₹1.38b (up 59% from 2Q 2021). Net income: ₹2.62b (up ₹4.07b from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
First quarter 2022 earnings released: ₹2.57 loss per share (vs ₹0.17 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹1.11b (up 9.7% from 1Q 2021). Net loss: ₹4.10b (loss widened ₹3.84b from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Jun 18
Full year 2021 earnings released: ₹2.11 loss per share (vs ₹6.11 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: ₹4.42b (up 24% from FY 2020). Net loss: ₹3.36b (loss narrowed 66% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Executive Departure • Mar 27
Government Nominee Director has left the company On the 25th of March, Soumyajit Ghosh's tenure as Government Nominee Director ended after 4.2 years in the role. We don't have any record of a personal shareholding under Soumyajit's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 27
Government Nominee Director has left the company On the 25th of March, Anshuman Sharma's tenure as Government Nominee Director ended after 2.6 years in the role. We don't have any record of a personal shareholding under Anshuman's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 18
Third quarter 2021 earnings released: ₹1.28 loss per share (vs ₹2.23 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ₹1.02b (down 16% from 3Q 2020). Net loss: ₹2.06b (loss narrowed 42% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 10
New 90-day high: ₹47.10 The company is up 52% from its price of ₹31.05 on 12 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 19% over the same period. Aankondiging • Jan 20
IDFC Limited to Report Q3, 2021 Results on Feb 13, 2021 IDFC Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: ₹43.00 The company is up 44% from its price of ₹29.85 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ₹40.10 The company is up 39% from its price of ₹28.85 on 25 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 7.0% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: ₹0.91 loss per share The company reported a solid second quarter result with reduced losses and improved revenues and control over expenses. Second quarter 2021 results: Revenue: ₹867.0m (up 50% from 2Q 2020). Net loss: ₹1.46b (loss narrowed 61% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 10
IDFC Limited to Report Q1, 2021 Results on Aug 27, 2020 IDFC Limited announced that they will report Q1, 2021 results on Aug 27, 2020 
