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IDFC First Bank

BSE:539437
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
539437
BSE
₹250B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

IDFC First Bank Limited provides various banking and financial products and services to corporates, individuals, small and microenterprises, entrepreneurs, financial institutions, and the government in India. The last earnings update was 332 days ago. More info.


Add to Portfolio Compare Print
  • IDFC First Bank has significant price volatility in the past 3 months.
539437 Share Price and Events
7 Day Returns
1.2%
BSE:539437
3.1%
IN Banks
0.5%
IN Market
1 Year Returns
10.5%
BSE:539437
16.2%
IN Banks
2.7%
IN Market
539437 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IDFC First Bank (539437) 1.2% 18% 22.5% 10.5% 11.5% -
IN Banks 3.1% 12.4% 8.3% 16.2% 59.6% 74.3%
IN Market 0.5% 9.2% 3.4% 2.7% 43.6% 79%
1 Year Return vs Industry and Market
  • 539437 underperformed the Banks industry which returned 16.2% over the past year.
  • 539437 outperformed the Market in India which returned 2.7% over the past year.
Price Volatility
539437
Industry
5yr Volatility vs Market

539437 Value

 Is IDFC First Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for IDFC First Bank. This is due to cash flow or dividend data being unavailable. The share price is ₹52.75.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IDFC First Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IDFC First Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:539437 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹2.59
BSE:539437 Share Price ** BSE (2019-03-22) in INR ₹52.75
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 20.96x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IDFC First Bank.

BSE:539437 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539437 Share Price ÷ EPS (both in INR)

= 52.75 ÷ 2.59

20.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IDFC First Bank is good value based on earnings compared to the IN Banks industry average.
  • IDFC First Bank is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does IDFC First Bank's expected growth come at a high price?
Raw Data
BSE:539437 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
22%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.89x
India Market PEG Ratio Median Figure of 595 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BSE:539437 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.39x ÷ 22%

0.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IDFC First Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on IDFC First Bank's assets?
Raw Data
BSE:539437 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹44.87
BSE:539437 Share Price * BSE (2019-03-22) in INR ₹52.75
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.62x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
BSE:539437 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539437 Share Price ÷ Book Value per Share (both in INR)

= 52.75 ÷ 44.87

1.18x

* Primary Listing of IDFC First Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IDFC First Bank is overvalued based on assets compared to the IN Banks industry average.
X
Value checks
We assess IDFC First Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. IDFC First Bank has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

539437 Future Performance

 How is IDFC First Bank expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IDFC First Bank expected to grow at an attractive rate?
  • IDFC First Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • IDFC First Bank's earnings growth is expected to exceed the India market average.
  • IDFC First Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:539437 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:539437 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 22%
BSE:539437 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 28.1%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 37%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:539437 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:539437 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 101,715 20,094 2
2021-03-31 77,383 13,514 6
2020-03-31 61,612 9,369 6
2019-03-31 38,979 -1,591 5
BSE:539437 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 29,321 -139,226 8,799
2017-03-31 28,458 -177,506 10,187
2016-12-31 27,381 10,088
2016-09-30 27,060 10,598
2016-06-30 19,144 7,316
2016-03-31 12,264 -120,067 4,669

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IDFC First Bank's earnings are expected to grow significantly at over 20% yearly.
  • IDFC First Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:539437 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from IDFC First Bank Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539437 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 4.20 4.20 4.20 1.00
2021-03-31 3.29 3.38 3.19 2.00
2020-03-31 2.27 2.39 2.14 2.00
2019-03-31 -0.47 -0.47 -0.47 1.00
BSE:539437 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 2.59
2017-03-31 3.00
2016-12-31 2.98
2016-09-30 3.12
2016-06-30 2.57
2016-03-31 2.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IDFC First Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IDFC First Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IDFC First Bank has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

539437 Past Performance

  How has IDFC First Bank performed over the past 5 years?

  • IDFC First Bank's last earnings update was 332 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IDFC First Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if IDFC First Bank's year on year earnings growth rate was positive over the past 5 years.
  • IDFC First Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IDFC First Bank's 1-year earnings growth is negative, it can't be compared to the IN Banks industry average.
Earnings and Revenue History
IDFC First Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IDFC First Bank Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539437 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 29,320.77 8,799.15 12,206.99
2017-03-31 28,458.46 10,186.82 9,613.79
2016-12-31 27,381.23 10,088.48 9,844.41
2016-09-30 27,060.32 10,597.55 8,707.99
2016-06-30 19,144.42 7,316.28 5,943.27
2016-03-31 12,263.55 4,668.53 4,009.31
2015-03-31 -62.04 0.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IDFC First Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IDFC First Bank used its assets more efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if IDFC First Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess IDFC First Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IDFC First Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

539437 Health

 How is IDFC First Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of IDFC First Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IDFC First Bank Company Filings, last reported 11 months ago.

BSE:539437 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 152,741.06 572,870.65 19,286.41
2017-03-31 146,773.28 502,621.86 21,815.51
2016-12-31 142,911.46 669,260.41 21,971.43
2016-09-30 142,911.46 669,260.41 21,971.43
2016-06-30 136,325.52 479,138.31 19,008.37
2016-03-31 136,325.52 482,389.81 13,621.14
2015-03-31 -25.35 0.00 0.50
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • IDFC First Bank has an acceptable proportion of non-loan assets held.
  • IDFC First Bank's liabilities are made up of primarily higher risk sources of funding.
  • Loans at IDFC First Bank are broadly funded by customer deposits.
  • IDFC First Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • IDFC First Bank has a low allowance for bad loans.
  • IDFC First Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess IDFC First Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IDFC First Bank has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

539437 Dividends

 What is IDFC First Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.42%
Current annual income from IDFC First Bank dividends. Estimated to be 0.76% next year.
If you bought ₹2,000 of IDFC First Bank shares you are expected to receive ₹28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • IDFC First Bank's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • IDFC First Bank's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:539437 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
India Banks Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:539437 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.42 1.00
2021-03-31 0.56 4.00
2020-03-31 0.57 4.00
2019-03-31 0.08 4.00
BSE:539437 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-02 0.750 1.821
2017-07-31 0.750 1.455
2017-04-26 0.750 1.244
2016-07-04 0.250 0.405

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, IDFC First Bank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but IDFC First Bank only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of IDFC First Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
X
Income/ dividend checks
We assess IDFC First Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IDFC First Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IDFC First Bank has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

539437 Management

 What is the CEO of IDFC First Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
V. Vaidyanathan
AGE 50
TENURE AS CEO 0.3 years
CEO Bio

Mr. V. Vaidyanathan, MBA, AMP (HBS), has been the Managing Director, CEO and Director at IDFC First Bank Ltd. (formerly IDFC Bank Ltd.) since December 18, 2018. Mr. Vaidyanathan has been an Executive Chairman and Managing Director of Capital First Limited (CFL) since September 28, 2012 and August 10, 2010 respectively. Mr. Vaidyanathan formed Capital First by way of a Management Buyout of an existing NBFC, by securing a USD 150 million equity backing from Warburg Pincus in 2012. Warburg Pincus is a large Global Private Equity player with funds of over US$ 40 billion. This is India's largest Management Buyout of a listed company and is one of his significant professional achievements. Post the transaction, he holds shares and options totaling 14% of the company on a fully diluted basis through personal holdings and related entities. In 2010, CFL was a Mumbai focused wholesale lending NBFC with Equity Capital of Rs. 700 Crores with loan assets of Rs. 935 Crores. He has transformed the company into a large NBFC specializing in MSME and Retail financing, has acquired 1 million customers and has grown assets to Rs. 11047 Crores (Sep '14) and built a capital base of Rs. 1898 Crores. The company now has over 1000 employees, in 222 locations in India. Under his leadership, the company's long term credit rating has been re-rated thrice from A+ to AA+. He believes that financing India's 30 million MSMEs and India's emerging middle class, with a differentiated model based on new technology platforms, offers a unique opportunity in India. He joined ICICI Group in early 2000 when it still was a Domestic Financial Institution and was one of the Senior Management members responsible for transition of ICICI to a Universal Bank from a DFI. He launched the Retail Banking Businesses for ICICI in 2000 and built it to 1400 ICICI Bank branches in 800 cities, 25 million customers, a vast CASA and retail deposit base, with branch, internet, digital and new-age banking. He built a retail loan book of over 1,35,000 Crores in Mortgages, Auto loans, Commercial Vehicles, Credit Cards and Personal Loans. He also built the ICICI Bank's SME business and managed the Rural Banking Business. These businesses helped the conversion of the institution to a universal bank renowned for retail banking. He was appointed as MD and CEO of ICICI Personal Financial Services at 32 and Executive Director on the Board of ICICI Bank at the age of 38 and became the MD and CEO of ICICI Prudential Life Insurance Co at 41. He was also the Chairman of ICICI Home Finance Co. Ltd and served on the Board of ICICI Lombard General Insurance Company and CIBIL, India's first Credit Bureau. He started his career with Citibank India in 1990 and worked there till 2000 in retail banking. He is a recipient of many domestic and international awards including "Best Retail bank in Asia 2001", "Excellence in Retail Banking Award" 2002, "Best Retail Bank in India 2003, 2004 and 2005 from the Asian Banker", "Most Innovative Bank, 2007", "Leaders under 40" from Business Today in 2009, "Young Entrepreneur Award, 2012", "Greatest Corporate Leaders of India, 2014", and was nominated "Retail Banker of the Year" by EFMA Europe for 2008 and 2009. He is an alumnus of Birla Institute of Technology and Harvard Business School. He is a regular speaker in Indian and international forums on Financial and Banking matters.

CEO Compensation
  • Insufficient data for V. to compare compensation growth.
  • Insufficient data for V. to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the IDFC First Bank management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the IDFC First Bank management team is less than 2 years, this suggests a new team.
Management Team

Bipin Gemani

TITLE
Interim Chief Financial Officer
COMPENSATION
₹10M
TENURE
1.2 yrs

Mahendra Shah

TITLE
Group Chief Compliance Officer & Group Company Secretary
COMPENSATION
₹14M

V. Vaidyanathan

TITLE
MD, CEO & Director
AGE
50
TENURE
0.3 yrs

Avtar Monga

TITLE
COO & Head of Retail Banking
AGE
58
TENURE
5 yrs

Rajeev Uberoi

TITLE
Chief General Counsel and Head of Internal Audit & Controls
AGE
61

N. Rajan

TITLE
Group CHRO & Group CMO
AGE
56
TENURE
1.8 yrs

Ajay Mahajan

TITLE
Head of Wholesale Banking
TENURE
1.8 yrs

Pavan Kaushal

TITLE
Chief Risk Officer

Ravi Prasad

TITLE
Head of Bharat Banking

Satish Gaikwad

TITLE
Company Secretary
AGE
38
Board of Directors Tenure

Average tenure and age of the IDFC First Bank board of directors in years:

1.1
Average Tenure
64
Average Age
  • The average tenure for the IDFC First Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rajiv Lall

TITLE
Part-Time Non-Executive Chairman
COMPENSATION
₹39M
AGE
61
TENURE
0.3 yrs

V. Vaidyanathan

TITLE
MD, CEO & Director
AGE
50
TENURE
0.3 yrs

Abhijit Sen

TITLE
Independent Director
COMPENSATION
₹4M
AGE
68
TENURE
3.7 yrs

Veena Mankar

TITLE
Independent Director
COMPENSATION
₹3M
AGE
65
TENURE
3.7 yrs

Anand Sinha

TITLE
Independent Director
COMPENSATION
₹3M
AGE
67
TENURE
2.6 yrs

Sunil Kakar

TITLE
Nominee Director
COMPENSATION
₹19M
AGE
61
TENURE
1.7 yrs

Anindita Sinharay

TITLE
Nominee Director
AGE
43
TENURE
2.1 yrs

Pravir Vohra

TITLE
Independent Director
AGE
64
TENURE
0.6 yrs

Aashish Kamat

TITLE
Independent Director
TENURE
0.3 yrs

Brinda Jagirdar

TITLE
Independent Director
AGE
65
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • IDFC First Bank insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
08. Mar 19 Sell Deepak Kundalia Individual 05. Mar 19 05. Mar 19 -73,000 ₹48.10 ₹-3,511,295
02. Mar 19 Sell Rukmani Social Welfare Trust., Endowment Arm Company 17. Jan 19 28. Feb 19 -74,550 ₹47.24 ₹-3,397,428
26. Feb 19 Buy IDFC Limited Company 26. Feb 19 26. Feb 19 62,000 ₹45.02 ₹2,791,144
25. Jan 19 Buy Prakash Venkatrao Individual 10. Jan 19 22. Jan 19 28,000 ₹47.53 ₹1,310,452
17. Jan 19 Buy Balakumar Krishnamurthy Individual 19. Dec 18 07. Jan 19 28,695 ₹46.94 ₹1,315,898
11. Dec 18 Buy Kamalakar Nayak Individual 24. Sep 18 11. Oct 18 35,000 ₹39.86 ₹1,269,623
16. Nov 18 Buy Piyush Wadhwa Individual 14. Nov 18 15. Nov 18 30,000 ₹36.00 ₹1,072,872
14. Nov 18 Buy IDFC Limited Company 14. Nov 18 14. Nov 18 595,973 ₹35.76 ₹21,311,259
06. Nov 18 Buy Pravir Vohra Individual 02. Nov 18 02. Nov 18 50,000 ₹35.55 ₹1,777,498
12. Oct 18 Sell Vipul Acharya Individual 09. Oct 18 09. Oct 18 -45,000 ₹33.97 ₹-1,528,499
12. Oct 18 Sell Ravishankar Gopalan Individual 09. Oct 18 09. Oct 18 -35,000 ₹33.95 ₹-1,188,363
10. Sep 18 Buy IDFC Limited Company 31. Aug 18 31. Aug 18 500,000 ₹47.82 ₹23,910,036
31. Aug 18 Buy Ranuj Kumar Individual 30. Aug 18 31. Aug 18 40,400 ₹48.70 ₹1,967,556
30. Aug 18 Buy IDFC Limited Company 28. Aug 18 30. Aug 18 1,500,000 ₹48.76 ₹72,810,614
23. Aug 18 Buy IDFC Limited Company 17. Aug 18 21. Aug 18 7,500,000 ₹47.49 ₹352,242,583
23. Aug 18 Buy IDFC Limited Company 20. Aug 18 20. Aug 18 1,487,320 ₹47.53 ₹70,696,608
20. Aug 18 Buy IDFC Limited Company 14. Aug 18 16. Aug 18 5,700,000 ₹45.29 ₹255,755,070
13. Aug 18 Buy IDFC Limited Company 10. Aug 18 13. Aug 18 5,264,370 ₹44.31 ₹232,464,030
10. Aug 18 Buy IDFC Limited Company 09. Aug 18 09. Aug 18 1,535,630 ₹41.74 ₹64,096,354
09. Aug 18 Buy IDFC Limited Company 07. Aug 18 08. Aug 18 5,000,000 ₹41.74 ₹208,291,031
08. Aug 18 Buy IDFC Limited Company 02. Aug 18 06. Aug 18 7,500,000 ₹42.50 ₹309,897,280
23. Jul 18 Buy IDFC Limited Company 17. Jul 18 19. Jul 18 4,800,000 ₹37.84 ₹179,310,159
12. Jul 18 Buy IDFC Limited Company 06. Jul 18 11. Jul 18 10,200,000 ₹39.89 ₹403,346,177
04. Jul 18 Buy IDFC Limited Company 02. Jul 18 04. Jul 18 14,000,000 ₹39.58 ₹549,969,853
28. Jun 18 Buy IDFC Limited Company 25. Jun 18 27. Jun 18 6,743,829 ₹42.72 ₹286,032,544
23. Jun 18 Buy IDFC Limited Company 20. Jun 18 22. Jun 18 25,005,149 ₹42.48 ₹1,055,929,432
19. Jun 18 Buy IDFC Limited Company 15. Jun 18 18. Jun 18 8,300,000 ₹44.06 ₹363,453,419
15. Jun 18 Buy IDFC Limited Company 14. Jun 18 14. Jun 18 4,702,913 ₹43.74 ₹205,693,459
14. Jun 18 Buy IDFC Limited Company 13. Jun 18 13. Jun 18 148,109 ₹43.63 ₹6,462,608
13. Jun 18 Buy IDFC Limited Company 11. Jun 18 12. Jun 18 6,100,000 ₹42.63 ₹259,989,002
X
Management checks
We assess IDFC First Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IDFC First Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

539437 News

Simply Wall St News

539437 Company Info

Description

IDFC First Bank Limited provides various banking and financial products and services to corporates, individuals, small and microenterprises, entrepreneurs, financial institutions, and the government in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. The company offers savings accounts, corporate salary accounts, and current accounts; fixed and recurring deposits; and debit and prepaid cards, as well as payment services. It also provides personal loans, home loans, group loans, loan against property, loan for women, commercial vehicle loans, equipment financing loans, micro enterprise loans, business loans, two wheeler loans, and working capital loans, as well as project finance and corporate linked finance services. In addition, the company offers cash management, remittances, and trade finance and forex services; derivatives and fixed income, and treasury and capital markets services, as well as escrow services; and mutual funds, gold bonds, and investment linked and business insurance solutions. Further, it provides private equity syndication, mergers and acquisitions, equity capital markets, track record, transactions, institutional equities, and research services, as well as offer documents and prospectus to corporations, banks, and financial institutions. Additionally, the company offers mobile and Internet banking services. As of March 31, 2018, it operated 150 branches, 85 ATMs, 387 corporate business correspondent branches, and 17,474 customers access points. The company was formerly known as IDFC Bank Limited and changed its name to IDFC First Bank Limited in January 2019. The company was incorporated in 2014 and is headquartered in Mumbai, India. IDFC First Bank Limited is a subsidiary of IDFC Financial Holding Company Limited.

Details
Name: IDFC First Bank Limited
539437
Exchange: BSE
Founded: 2014
₹250,081,676,347
4,781,676,412
Website: http://www.idfcbank.com
Address: IDFC First Bank Limited
Naman Chambers,
C-32, G-Block,
Mumbai,
Maharashtra, 400051,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539437 Equity Shares Mumbai Stock Exchange IN INR 05. Nov 2015
NSEI IDFCFIRSTB Equity Shares National Stock Exchange of India IN INR 05. Nov 2015
Number of employees
Current staff
Staff numbers
9,670
IDFC First Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 12:59
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2018/04/24
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.