NSEI:IDFCFIRSTB

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Executive Summary

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. More Details


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.


Similar Companies

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.


Market Performance


7 Day Return

3.4%

IDFCFIRSTB

5.8%

IN Banks

1.6%

IN Market


1 Year Return

-21.9%

IDFCFIRSTB

-19.8%

IN Banks

2.4%

IN Market

Return vs Industry: IDFCFIRSTB underperformed the Indian Banks industry which returned -19.8% over the past year.

Return vs Market: IDFCFIRSTB underperformed the Indian Market which returned 2.4% over the past year.


Shareholder returns

IDFCFIRSTBIndustryMarket
7 Day3.4%5.8%1.6%
30 Day11.6%13.5%4.2%
90 Day11.6%5.4%7.3%
1 Year-21.9%-21.9%-19.8%-19.8%4.2%2.4%
3 Year-43.1%-44.2%-40.2%-40.8%-1.5%-6.2%
5 Yearn/a-10.2%-12.1%40.4%30.0%

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

Valuation

Is IDFC First Bank undervalued compared to its fair value and its price relative to the market?

0.98x

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 IN 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 (1x) compared to the IN Banks industry average (0.7x).


Next Steps

Future Growth

How is IDFC First Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

21.5%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IDFC First Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-60.4%

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 60.4% 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 (5.8%).


Return on Equity

High ROE: IDFCFIRSTB has a negative Return on Equity (-13.84%), as it is currently unprofitable.


Next Steps

Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: IDFCFIRSTB's Assets to Equity ratio (9.7x) is low.

Allowance for Bad Loans: IDFCFIRSTB has a low allowance for bad loans (94%).

Low Risk Liabilities: 51% of IDFCFIRSTB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: IDFCFIRSTB has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: IDFCFIRSTB's Loans to Deposits ratio (132%) is high.

Level of Bad Loans: IDFCFIRSTB has a high level of bad loans (2.6%).


Next Steps

Dividend

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


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 recent payouts.

High Dividend: Unable to evaluate IDFCFIRSTB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Vembu Vaidyanathan (52 yo)

1.83yrs

Tenure

₹87,199,668

Compensation

Mr. Vembu 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 form ...


CEO Compensation Analysis

Compensation vs Market: Vembu's total compensation ($USD1.18M) is above average for companies of similar size in the Indian market ($USD777.08K).

Compensation vs Earnings: Vembu's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Vembu Vaidyanathan
MD, CEO & Director1.83yrs₹87.20m0.44%
₹ 790.0m
Sudhanshu Jain
CFO & Head of Corporate Centre0.58yr₹15.56mno data
Satish Gaikwad
Head of Legal & Company Secretary1.83yrs₹8.08m0.0052%
₹ 9.3m
Pankaj Sanklecha
Chief Risk Officer0.83yr₹17.26m0.081%
₹ 145.8m
Madhivanan Balakrishnan
Chief Operating Officerno datano data0.0028%
₹ 5.0m
Saptarshi Bapari
Head of Investor Relationsno datano datano data
Kamalakar Nayak
Chief Compliance Officerno datano datano data
Adrian Andrade
Chief Human Resources Officer and Head of Communications & Human Resourcesno datano datano data
Niddodi Rajan
Group CHRO & Group CMO4.42yrsno datano data
Ravi Prasad
Head of Bharat Bankingno datano datano data
Amit Kumar
Head of Retail Liabilities & Branch Bankingno datano datano data
Pradeep Natarajan
Head of Retail Assetsno datano data0.0048%
₹ 8.7m

1.8yrs

Average Tenure

50yo

Average Age

Experienced Management: IDFCFIRSTB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Vembu Vaidyanathan
MD, CEO & Director1.83yrs₹87.20m0.44%
₹ 790.0m
Vishal Mahadevia
Non-Executive Non-Independent Director1.83yrsno datano data
Hemang Raja
Independent Director1.83yrs₹1.95mno data
Pravir Vohra
Independent Director2.17yrs₹1.90m0.0090%
₹ 16.2m
Sanjeeb Chaudhuri
Independent Director1.42yrs₹900.00k0.00028%
₹ 504.3k
Sunil Kakar
Non-Executive Non-Independent Director3.25yrsno data0.00035%
₹ 630.3k
Anand Sinha
Independent Director4.17yrs₹1.35mno data
Aashish Kamat
Independent Director1.83yrs₹1.25mno data
Brinda Jagirdar
Independent Director1.83yrs₹1.80mno data
Sanjay Kumar
Nominee Director0.33yrno datano data

1.8yrs

Average Tenure

62yo

Average Age

Experienced Board: IDFCFIRSTB's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.6%.


Top Shareholders

Company Information

IDFC First Bank Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IDFC First Bank Limited
  • Ticker: IDFCFIRSTB
  • Exchange: NSEI
  • Founded: 2014
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹180.097b
  • Shares outstanding: 5.67b
  • Website: https://www.idfcfirstbank.com

Number of Employees


Location

  • IDFC First Bank Limited
  • Naman Chambers
  • C-32, G-Block
  • Mumbai
  • Maharashtra
  • 400051
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539437BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2015
IDFCFIRSTBNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2015

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 12:39
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.