IDFC First Bank Limited provides various banking and financial products and services to corporates, individuals, multi-national companies, SMEs/entrepreneurs, financial institutions, and the government in India.
High growth potential with mediocre balance sheet.
Share Price & News
How has IDFC First Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IDFCFIRSTB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IDFCFIRSTB underperformed the Indian Banks industry which returned 6.1% over the past year.
Return vs Market: IDFCFIRSTB underperformed the Indian Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is IDFC First Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Type Of Shareholder Owns IDFC First Bank Limited's (NSE:IDFCFIRSTB)?
2 months ago | Simply Wall StSome IDFC First Bank (NSE:IDFCFIRSTB) Shareholders Are Down 26%
3 months ago | Simply Wall StThe Independent Director of IDFC First Bank Limited (NSE:IDFCFIRSTB), Pravir Vohra, Just Bought 25% More Shares
Is IDFC First Bank undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IDFCFIRSTB's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IDFCFIRSTB's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IDFCFIRSTB is unprofitable, so we can't compare its PE Ratio to the Banks industry average.
PE vs Market: IDFCFIRSTB is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IDFCFIRSTB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IDFCFIRSTB is overvalued based on its PB Ratio (1.1x) compared to the IN Banks industry average (0.6x).
How is IDFC First Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IDFCFIRSTB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.5%).
Earnings vs Market: IDFCFIRSTB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IDFCFIRSTB's is expected to become profitable in the next 3 years.
Revenue vs Market: IDFCFIRSTB's revenue (38.6% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: IDFCFIRSTB's revenue (38.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IDFCFIRSTB's Return on Equity is forecast to be low in 3 years time (11%).
How has IDFC First Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IDFCFIRSTB is currently unprofitable.
Growing Profit Margin: IDFCFIRSTB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IDFCFIRSTB is unprofitable, and losses have increased over the past 5 years at a rate of -62.3% per year.
Accelerating Growth: Unable to compare IDFCFIRSTB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IDFCFIRSTB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (25.5%).
Return on Equity
High ROE: IDFCFIRSTB has a negative Return on Equity (-18.52%), as it is currently unprofitable.
How is IDFC First Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: IDFCFIRSTB has a low level of unsold assets or inventory.
Debt Coverage by Assets: IDFCFIRSTB's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IDFCFIRSTB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IDFCFIRSTB has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.9% each year
Financial Institutions Analysis
Asset Level: IDFCFIRSTB's level of assets compared to its equity is low.
Allowance for Bad Loans: IDFCFIRSTB has a low allowance for bad loans.
Low Risk Liabilities: IDFCFIRSTB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: IDFCFIRSTB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IDFCFIRSTB's loans are broadly funded by customer deposits.
Level of Bad Loans: IDFCFIRSTB has a high level of bad loans (2.68%)
What is IDFC First Bank's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IDFCFIRSTB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IDFCFIRSTB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IDFCFIRSTB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IDFCFIRSTB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IDFCFIRSTB is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IDFCFIRSTB's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
V. Vaidyanathan (51yo)
Mr. V. Vaidyanathan, MBA, AMP (HBS), has been the Managing Director, Chief Executive Officer and Director at IDFC First Bank Ltd. (formerly IDFC Bank Ltd.) since December 19, 2018. Mr. Vaidyanathan has bee ...
CEO Compensation Analysis
Compensation vs Market: V.'s total compensation ($USD235.79K) is below average for companies of similar size in the Indian market ($USD737.92K).
Compensation vs Earnings: Insufficient data to compare V.'s compensation with company performance.
|MD, CEO & Director||1.2yrs||₹16.88m||1.04% ₹1.9b|
|Head of Legal & Company Secretary||1.2yrs||₹6.28m||0.0057% ₹10.6m|
|Chief Risk Officer||0.2yrs||₹16.73m||0.10% ₹194.5m|
|Chief Compliance Officer||0yrs||no data||0.00073% ₹1.4m|
|Chief Human Resources Officer and Head of Communications & Human Resources||0yrs||no data||no data|
|Group CHRO & Group CMO||3.8yrs||no data||no data|
|Head of Wholesale Banking||2.7yrs||no data||0.0088% ₹16.4m|
|Head of Bharat Banking||0yrs||no data||no data|
|Head of Retail Liabilities||0yrs||no data||no data|
|Head of Retail Assets||0yrs||no data||no data|
Experienced Management: IDFCFIRSTB's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|MD, CEO & Director||1.2yrs||₹16.88m||1.04% ₹1.9b|
|Non-Executive Non-Independent Director||1.2yrs||no data||no data|
|Part-Time Non-Executive Chairman||1.2yrs||₹41.48m||0.055% ₹102.2m|
|Independent Director||1.2yrs||₹950.00k||no data|
|Independent Director||1.5yrs||₹650.00k||0.011% ₹19.7m|
|Non-Executive Non-Independent Director||2.6yrs||no data||0.00042% ₹783.6k|
|Independent Director||3.5yrs||₹2.75m||no data|
|Independent Director||1.2yrs||₹350.00k||no data|
|Independent Director||1.2yrs||₹600.00k||no data|
|Non-Executive Non-Independent Director||3yrs||no data||no data|
Experienced Board: IDFCFIRSTB's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IDFCFIRSTB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22%.
IDFC First Bank Limited's company bio, employee growth, exchange listings and data sources
- Name: IDFC First Bank Limited
- Ticker: IDFCFIRSTB
- Exchange: NSEI
- Founded: 2014
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₹186.567b
- Shares outstanding: 4.79b
- Website: https://www.idfcfirstbank.com
Number of Employees
- IDFC First Bank Limited
- Naman Chambers
- C-32, G-Block
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|539437||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Nov 2015|
|IDFCFIRSTB||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Nov 2015|
IDFC First Bank Limited provides various banking and financial products and services to corporates, individuals, multi-national companies, SMEs/entrepreneurs, financial institutions, and the government in India. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The company offers savings accounts, corporate salary accounts, and current accounts; fixed, recurring, and travel deposits; debit and prepaid cards; and payment services. It also provides personal, consumer durable, home, car, two wheeler, commercial vehicle, equipment hypothecation, business, working capital, business, and micro enterprise loans, as well as loan against property and loan for women; investment services covering mutual funds, gold bonds, and investment linked insurance solutions; term, health, motor, home, investment linked, and travel insurance; and mobile and Internet banking services. In addition, the company offers cash management and forex services; wholesale banking services, such as investment banking services; and investment management solutions. As of March 31, 2019, it operated 242 branches, 141 ATMs, 102 asset branches, 354 rural financing branches, and 100 business correspondence centers. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 13:29|
|End of Day Share Price||2020/02/27 00:00|
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.