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IDFC Bank

NSEI:IDFCBANK
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IDFCBANK
NSEI
₹133B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

IDFC 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 235 days ago. More info.


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IDFCBANK Share Price and Events
7 Day Returns
7.3%
NSEI:IDFCBANK
1.8%
IN Banks
1.8%
IN Market
1 Year Returns
-25.5%
NSEI:IDFCBANK
-3%
IN Banks
-5.4%
IN Market
IDFCBANK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IDFC Bank (IDFCBANK) 7.3% 7% -12.7% -25.5% -33% -
IN Banks 1.8% 3.9% -3.2% -3% 37% 78.9%
IN Market 1.8% 1.1% -8.4% -5.4% 33% 81.8%
1 Year Return vs Industry and Market
  • IDFCBANK underperformed the Banks industry which returned -3% over the past year.
  • IDFCBANK underperformed the Market in India which returned -5.4% over the past year.
Price Volatility
IDFCBANK
Industry
5yr Volatility vs Market

Value

 Is IDFC 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 Bank. This is due to cash flow or dividend data being unavailable. The share price is ₹39.15.
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 Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IDFC Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:IDFCBANK 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 (2018-12-14) in INR ₹39
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 19.96x
India Market PE Ratio Median Figure of 2,724 Publicly-Listed Companies 16.93x

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

** Primary Listing of IDFC Bank.

NSEI:IDFCBANK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 39 ÷ 2.59

15.08x

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

  • IDFC Bank is good value based on earnings compared to the IN Banks industry average.
  • IDFC Bank is good value based on earnings compared to the India market.
Price based on expected Growth
Does IDFC Bank's expected growth come at a high price?
Raw Data
NSEI:IDFCBANK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
18.9%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.8x
India Market PEG Ratio Median Figure of 650 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

NSEI:IDFCBANK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.08x ÷ 18.9%

0.8x

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

  • IDFC Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on IDFC Bank's assets?
Raw Data
NSEI:IDFCBANK 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 (2018-12-14) in INR ₹39
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.59x
India Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.17x
NSEI:IDFCBANK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 39 ÷ 44.87

0.87x

* Primary Listing of IDFC Bank.

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

  • IDFC Bank is overvalued based on assets compared to the IN Banks industry average.
X
Value checks
We assess IDFC 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 Bank has a total score of 3/6, 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.

Future Performance

 How is IDFC Bank expected to perform in the next 1 to 3 years based on estimates from 8 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
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IDFC Bank expected to grow at an attractive rate?
  • IDFC Bank's earnings growth is expected to exceed the low risk savings rate of 7.7%.
Growth vs Market Checks
  • IDFC Bank's earnings growth is positive but not above the India market average.
  • IDFC Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:IDFCBANK Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:IDFCBANK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 18.9%
NSEI:IDFCBANK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 17.2%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 38.7%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21.2%
India Market Earnings Growth Rate Market Cap Weighted Average 19%
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
NSEI:IDFCBANK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:IDFCBANK Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 64,105 17,935 1
2021-03-31 48,771 12,488 5
2020-03-31 39,548 8,683 6
2019-03-31 29,671 2,872 5
NSEI:IDFCBANK 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 Bank's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • IDFC Bank's revenue is expected to grow by 17.2% yearly, however this is not considered high growth (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
NSEI:IDFCBANK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from IDFC Bank Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IDFCBANK Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 5.27 5.27 5.27 1.00
2021-03-31 3.67 4.20 3.20 3.00
2020-03-31 2.53 2.90 2.10 3.00
2019-03-31 0.83 0.90 0.77 2.00
NSEI:IDFCBANK 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 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 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 Bank has a total score of 2/6, 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.

Past Performance

  How has IDFC Bank performed over the past 5 years?

  • IDFC Bank's last earnings update was 235 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 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 Bank's year on year earnings growth rate was positive over the past 5 years.
  • IDFC Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IDFC Bank's 1-year earnings growth is negative, it can't be compared to the IN Banks industry average.
Earnings and Revenue History
IDFC 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 Bank Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IDFCBANK 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 Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IDFC Bank used its assets more efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if IDFC 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 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 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.

Health

 How is IDFC 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 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 Bank Company Filings, last reported 8 months ago.

NSEI:IDFCBANK 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 Bank has an acceptable proportion of non-loan assets held.
  • IDFC Bank's liabilities are made up of primarily higher risk sources of funding.
  • Loans at IDFC Bank are broadly funded by customer deposits.
  • IDFC Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • IDFC Bank has a low allowance for bad loans.
  • IDFC Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess IDFC 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 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.

Dividends

 What is IDFC 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
1.92%
Current annual income from IDFC Bank dividends. Estimated to be 1.34% next year.
If you bought ₹2,000 of IDFC Bank shares you are expected to receive ₹38 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 Bank's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • IDFC Bank's dividend is above the markets top 25% of dividend payers in India (1.78%).
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
NSEI:IDFCBANK 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 8 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 1394 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 1.8%

Industry and Market average data is calculated daily.

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

NSEI:IDFCBANK Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.53 1.00
2021-03-31 0.68 4.00
2020-03-31 0.63 6.00
2019-03-31 0.11 3.00
NSEI:IDFCBANK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-02 0.750 1.926
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 Bank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but IDFC Bank only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of IDFC 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 (4.8x coverage).
X
Income/ dividend checks
We assess IDFC 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 Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IDFC Bank has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of IDFC 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
Rajiv Lall
COMPENSATION ₹39,075,958
AGE 61
TENURE AS CEO 3.2 years
CEO Bio

Dr. Rajiv Behari Lall, Ph.D. is the Founder at Lok Capital Group. Dr. Lall is the Founder of IDFC Bank Limited and has been its Chief Executive Officer and Managing Director since October 1, 2015. He served as the Managing Director and Chief Executive Officer of IDFC Limited since January 10, 2005. He served as an Equity Analyst at Morgan Stanley, Research Division. Dr. Lall was a Partner at Warburg Pincus LLC. Prior to which, he was at Morgan Stanley Asia Limited as an Executive Director. Dr. Lall was a Head of Asian Economic Research at Morgan Stanley. He had also been at the World Bank for a period of eight Years, as Senior Economist. Dr. Lall was the President of Bombay Chamber of Commerce and Industry. He was a faculty Member of the Florida Atlantic University Department of Economics. He served at Asian Development Bank in Manila. Dr. Lall is the Executive Chairman of IDFC Private Equity. Dr. Lall served as an Executive Chairman at IDFC Limited from August 13, 2013 to September 2015. Dr. Lall serves as the Chairman of the Board of IDFC Asset Management Company Limited. Dr. Lall serves as the Executive Chairman of IDFC Infrastructure. He serves as the Chairman of the Board of IDFC Foundation and Lok Social Services. Dr. Lall served as a Vice Chairman at IDFC Limited from May 25, 2012 to May 01, 2013 and serves as its Director. He has been an Executive Director at IDFC Bank Limited since October 21, 2014. Dr. Lall serves as a Director at IDFC Limited, IDFC Alternatives Limited, IDFC Project Equity Company Limited, NSDL E Governance Infrastructure Limited, IDFC Trustee Company Limited, Delhi Integrated Multi – Modal Transit System Limited, IDFC Capital (Singapore) Pte. Ltd and IDFC Securities Singapore Pte. Ltd. Dr. Lall serves as a Director of Uniquest Infra Ventures Private Limited. He served as an Independent Non-Executive Director of CLP Holdings Ltd. from August 13, 2013 to August 13, 2015. He served as an Independent Director of The Great Eastern Shipping Company Limited from February 10, 2012 to May 8, 2015. Internationally, Dr. Lall is also a Member of the Advisory Board of the Columbia Global Centers, set up by the Columbia University, New York. He is also on the International Advisory Board of the Centre for the Advanced Study of India at the University of Pennsylvania. He was a Director of Greatship (India) Limited from March 18, 2010 to February 10, 2012. Dr. Lall served as an Independent Directorof Spandana Sphoorty Financial Limited. He was a Director of SATS Ltd from May 05, 2008 to July 27, 2011. Dr. Lall served as a Director of IDFC Securities Limited until August 13, 2012. He served as a Director of National Securities Depository Limited since November 24, 2005. Dr. Lall was a Director of Feedback Infra Private Limited (also known as Feedback Infrastructure Services Private Limited). He was a Director of STCI Finance Limited and Qualitas Medical Group Limited. Dr. Lall served as a Director of National Stock Exchange of India Ltd from 2007 to September 3, 2012. He was India's representative to the G20 Workgroup on Infrastructure. He serves on several other Government Committees including those focused on Urban Infrastructure, Bond Market Development and Financial Sector Reform. He chaired the Global Agenda Council on Infrastructure of the World Economic Forum. and the Infrastructure Council of Confederation of Indian Industry. He is a member of the Managing Committee of ASSOCHAM; the CII National Council on Financial Sector Development and the CII National Committee on Banking and City of London's Advisory Council on India. He was a Member of the Planning Commission's Steering Committee on Urban Development Management; the Prime Minister’s Committees on Infrastructure Finance and Transport Sector Development; Expert Group on Modernisation of Indian Railways of Ministry of Railways Government of India; and the Reserve Bank of India’s Committee on NBFCs. Dr. Lall has a number of publications and articles to his credit. He has about three decades of experience with leading global investment banks, multilateral agencies and in academia. His areas of expertise include project finance, private equity/venture capital, international capital markets, trade, infrastructure and macroeconomic policy issues with a focus on emerging markets including India and China in particular. Dr. Lall has B.A. honors in Politics, Philosophy and Economics from Oxford University. He also has a Ph.D. with Economics from University of Columbia, USA.

CEO Compensation
  • Rajiv's compensation has been consistent with company performance over the past year.
  • Rajiv's remuneration is about average for companies of similar size in India.
Management Team Tenure

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

1.6
Average Tenure
59.5
Average Age
  • The average tenure for the IDFC Bank management team is less than 2 years, this suggests a new team.
Management Team

Rajiv Lall

TITLE
Founder
COMPENSATION
₹39M
AGE
61
TENURE
3.2 yrs

Bipin Gemani

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

Mahendra Shah

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

Avtar Monga

TITLE
COO & Head of Retail Banking
AGE
58
TENURE
4.8 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
1.6 yrs

Ajay Mahajan

TITLE
Head of Wholesale Banking
TENURE
1.5 yrs

Pavan Kaushal

TITLE
Chief Risk Officer

Ravi Prasad

TITLE
Head of Bharat Banking
Board of Directors Tenure

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

2.3
Average Tenure
61
Average Age
  • The average tenure for the IDFC Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Veena Mankar

TITLE
Independent Non-Executive Chairperson
COMPENSATION
₹3M
AGE
65
TENURE
2 yrs

Rajiv Lall

TITLE
Founder
COMPENSATION
₹39M
AGE
61
TENURE
4.2 yrs

Abhijit Sen

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

Ajay Sondhi

TITLE
Independent Director
COMPENSATION
₹4M
AGE
58
TENURE
3.4 yrs

Anand Sinha

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

Sunil Kakar

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

Anand Anandan

TITLE
Independent Director
COMPENSATION
₹1M
AGE
50
TENURE
3 yrs

Anindita Sinharay

TITLE
Nominee Director
AGE
43
TENURE
1.8 yrs

Pravir Vohra

TITLE
Independent Director
AGE
64
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • IDFC 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 (₹)
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
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Management checks
We assess IDFC 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 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.

News

External News
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Simply Wall St News

Should You Be Concerned About IDFC Bank Limited’s (NSE:IDFCBANK) Risks?

One of the biggest risk IDFC Bank Limited (NSE:IDFCBANK) faces as a bank is bad loans, also known as credit risk. … Since bad debt is written off as an expense, it impacts IDFC Bank’s bottom line and shareholders’ value. … Today we will analyse IDFC Bank’s level of bad debt and liabilities in order to understand the risk involved with investing in IDFC Bank

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Should You Be Concerned About IDFC Bank Limited's (NSE:IDFCBANK) Historical Volatility?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

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How Much is IDFC Bank Limited's (NSE:IDFCBANK) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rajiv Lall's Compensation Compare With Similar Sized Companies. … According to our data, IDFC Bank Limited has a market capitalization of ₹123b, and pays its CEO total annual compensation worth ₹39m.

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Is IDFC Bank Limited (NSE:IDFCBANK) A Great Dividend Stock?

In the last few years IDFC Bank Limited (NSE:IDFCBANK) has paid a dividend to shareholders. … Let's dig deeper into whether IDFC Bank should have a place in your portfolio. … Check out our latest analysis for IDFC Bank

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Why These Fundamentals Make IDFC Bank Limited’s (NSE:IDFCBANK) More Attractive

As a small-cap bank stock with a market capitalisation of ₹151.48b, IDFC Bank Limited’s (NSE:IDFCBANK) risk and profitability are largely determined by the underlying economic growth of the IN regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like IDFC Bank to vulnerabilities. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds.

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Is IDFC Bank Limited (NSE:IDFCBANK) Exposed To Too Much Risk?

One of the biggest risk IDFC Bank Limited (NSE:IDFCBANK) faces as a bank is bad loans, also known as credit risk. … Today we will analyse IDFC Bank’s level of bad debt and liabilities in order to understand the risk involved with investing in IDFC Bank … Does IDFC Bank Understand Its Own Risks?

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Is Buying IDFC Bank Limited (NSE:IDFCBANK) For Its Upcoming ₹0.75 Dividend A Good Choice?

Important news for shareholders and potential investors in IDFC Bank Limited (NSE:IDFCBANK): The dividend payment of ₹0.75 per share will be distributed into shareholder on 30 August 2018, and the stock will begin trading ex-dividend at an earlier date, 23 July 2018. … Below, I will explain how holding IDFC Bank can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

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What To Know Before Buying IDFC Bank Limited (NSE:IDFCBANK) For Its Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Over the past 2 years, IDFC Bank Limited (NSE:IDFCBANK) has returned an average of 1.00% per year to shareholders in terms of dividend yield. … Let's take a look at IDFC Bank in more detail.

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Why IDFC Bank Limited (NSE:IDFCBANK) Delivered An Inferior ROE Compared To The Industry

and want a simplistic look at the return on IDFC Bank Limited (NSE:IDFCBANK) stock. … With an ROE of 5.76%, IDFC Bank Limited (NSE:IDFCBANK) returned in-line to its own industry which delivered 7.80% over the past year. … But what is more interesting is whether IDFCBANK can sustain or improve on this level of return.

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IDFC Bank Limited (NSE:IDFCBANK): The Best Of Both Worlds

I've been keeping an eye on IDFC Bank Limited (NSE:IDFCBANK) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe IDFCBANK has a lot to offer. … that has been able to sustain great financial health over the past

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Company Info

Map
Description

IDFC 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 company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. It offers savings accounts, corporate salary accounts, and current accounts; fixed and recurring deposits; and debit and prepaid cards, as well as payment services. The company 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, it 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, the company 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, it offers mobile and Internet banking services. As of March 31, 2018, the company operated 150 branches, 85 ATMs, 387 corporate business correspondent branches, and 17,474 customers access points. IDFC Bank Limited was incorporated in 2014 and is headquartered in Mumbai, India. IDFC Bank Limited is a subsidiary of IDFC Financial Holding Company Limited.

Details
Name: IDFC Bank Limited
IDFCBANK
Exchange: NSEI
Founded: 2014
₹132,772,089,333
3,404,412,547
Website: http://www.idfcbank.com
Address: IDFC 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 IDFCBANK Equity Shares National Stock Exchange of India IN INR 05. Nov 2015
Number of employees
Current staff
Staff numbers
9,670
IDFC Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/15 12:57
End of day share price update: 2018/12/14 00:00
Last estimates confirmation: 2018/10/26
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.