IDFC First Bank Future Growth

Future criteria checks 5/6

IDFC First Bank is forecast to grow earnings and revenue by 22.4% and 22.7% per annum respectively. EPS is expected to grow by 20.5% per annum. Return on equity is forecast to be 13.8% in 3 years.

Key information

22.4%

Earnings growth rate

20.5%

EPS growth rate

Banks earnings growth	10.8%
Revenue growth rate	22.7%
Future return on equity	13.8%
Analyst coverage	Good
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

With EPS Growth And More, IDFC First Bank (NSE:IDFCFIRSTB) Makes An Interesting Case

Apr 11

Here's Why We Think IDFC First Bank (NSE:IDFCFIRSTB) Is Well Worth Watching

Oct 17

Here's Why We Think IDFC First Bank (NSE:IDFCFIRSTB) Might Deserve Your Attention Today

Jul 10

How Much Did IDFC First Bank's(NSE:IDFCFIRSTB) Shareholders Earn From Share Price Movements Over The Last Three Years?

Sep 20

Have Insiders Sold IDFC First Bank Limited (NSE:IDFCFIRSTB) Shares Recently?

Aug 16

How Many IDFC First Bank Limited (NSE:IDFCFIRSTB) Shares Do Institutions Own?

Aug 09

Are Institutions Heavily Invested In IDFC First Bank Limited's (NSE:IDFCFIRSTB) Shares?

Aug 09

Are Insiders Selling IDFC First Bank Limited (NSE:IDFCFIRSTB) Stock?

Jul 05

Earnings and Revenue Growth Forecasts

NSEI:IDFCFIRSTB - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	425,786	69,852	N/A	N/A	1
3/31/2026	338,720	50,943	N/A	N/A	16
3/31/2025	275,224	37,805	N/A	N/A	16
3/31/2024	223,875	29,904	N/A	N/A	16
12/31/2023	182,810	30,266	N/A	N/A	N/A
9/30/2023	171,203	29,111	-398,589	-384,604	N/A
6/30/2023	167,746	27,314	N/A	N/A	N/A
3/31/2023	145,932	24,849	-365,550	-353,669	N/A
12/31/2022	140,154	20,211	N/A	N/A	N/A
9/30/2022	129,850	16,947	-303,241	-296,278	N/A
6/30/2022	118,722	12,385	N/A	N/A	N/A
3/31/2022	97,290	1,323	-148,061	-143,243	N/A
12/31/2021	88,044	-831	N/A	N/A	N/A
9/30/2021	80,168	-2,361	-72,790	-67,029	N/A
6/30/2021	72,629	-2,381	N/A	N/A	N/A
3/31/2021	75,361	4,832	-100,016	-94,156	N/A
12/31/2020	70,635	4,226	N/A	N/A	N/A
9/30/2020	48,259	-13,461	102,120	106,968	N/A
6/30/2020	45,836	-21,317	N/A	N/A	N/A
3/31/2020	29,214	-28,434	158,126	162,402	N/A
12/31/2019	24,710	-31,319	N/A	N/A	N/A
9/30/2019	38,666	-30,292	-96,158	-92,621	N/A
6/30/2019	24,390	-27,111	N/A	N/A	N/A
3/31/2019	28,811	-19,079	-52,267	-49,504	N/A
3/31/2018	29,321	8,799	-140,932	-139,194	N/A
3/31/2017	28,458	10,187	N/A	-177,506	N/A
12/31/2016	27,381	10,088	N/A	N/A	N/A
9/30/2016	27,060	10,598	N/A	N/A	N/A
6/30/2016	19,144	7,316	N/A	N/A	N/A
3/31/2016	12,264	4,669	N/A	-120,067	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IDFCFIRSTB's forecast earnings growth (22.4% per year) is above the savings rate (6.7%).

Earnings vs Market: IDFCFIRSTB's earnings (22.4% per year) are forecast to grow faster than the Indian market (17.8% per year).

High Growth Earnings: IDFCFIRSTB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IDFCFIRSTB's revenue (22.7% per year) is forecast to grow faster than the Indian market (10.2% per year).

High Growth Revenue: IDFCFIRSTB's revenue (22.7% 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 (13.8%).

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IDFC First Bank Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 7.0% to ₹87.23

Price target increased by 10% to ₹78.00

Price target increased by 7.5% to ₹65.90

Price target increased by 8.1% to ₹59.18

Price target increased to ₹53.27

Price target increased to ₹49.18

Recent updates

With EPS Growth And More, IDFC First Bank (NSE:IDFCFIRSTB) Makes An Interesting Case

Warburg Pincus Reportedly to Sell Entire 2.3% Stake in IDFC First Bank via Block Deals

IDFC First Bank Limited to Report Q4, 2024 Results on Apr 27, 2024

Third quarter 2024 earnings released: EPS: ₹1.04 (vs ₹0.99 in 3Q 2023)

IDFC First Bank Limited to Report Q3, 2024 Results on Jan 20, 2024

Warburg Pincus Reportedly Plans to Sell $100 Million Worth Stake in IDFC First Bank via Block Deal

Second quarter 2024 earnings released: EPS: ₹1.12 (vs ₹0.91 in 2Q 2023)

Here's Why We Think IDFC First Bank (NSE:IDFCFIRSTB) Is Well Worth Watching

IDFC First Bank Limited to Report Q2, 2024 Results on Oct 28, 2023

Price target increased by 7.0% to ₹87.23

Insider recently sold ₹31m worth of stock

Insider recently sold ₹14m worth of stock

IDFC First Bank Limited Announces Resignation of Ajay Sondhi as Non-Executive Non-Independent Director

IDFC First Bank Limited Appoints Neerav Maniar as the Chief Compliance Officer

Insider recently sold ₹12m worth of stock

Insider recently sold ₹49m worth of stock

Insider recently sold ₹26m worth of stock

IDFC First Bank Limited, Annual General Meeting, Aug 31, 2023

Price target increased by 10% to ₹78.00

First quarter 2024 earnings released: EPS: ₹1.10 (vs ₹0.78 in 1Q 2023)

Here's Why We Think IDFC First Bank (NSE:IDFCFIRSTB) Might Deserve Your Attention Today

Price target increased by 7.5% to ₹65.90

Full year 2023 earnings released: EPS: ₹3.98 (vs ₹0.21 in FY 2022)

Price target increased by 8.1% to ₹59.18

Third quarter 2023 earnings released: EPS: ₹0.99 (vs ₹0.47 in 3Q 2022)

IDFC First Bank Limited to Report Q3, 2023 Results on Jan 21, 2023

Investor sentiment deteriorated over the past week

Price target increased to ₹53.27

Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹0.18 in 2Q 2022)

Price target increased to ₹49.18

Insider recently bought ₹2.4m worth of stock

IDFC First Bank Limited to Report Q2, 2023 Results on Oct 22, 2022

Insider recently bought ₹1.1m worth of stock

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹0.21 (vs ₹0.88 in FY 2021)

IDFC First Bank Limited, Annual General Meeting, Aug 05, 2022

IDFC First Bank Limited to Report Q1, 2023 Results on Jul 30, 2022

Price target decreased to ₹46.44

Full year 2022 earnings released: EPS: ₹0.21 (vs ₹0.88 in FY 2021)

Bandhan Financial Holdings Ltd., General Insurance Corporation of India (BSE:540755) and ChrysCapital agreed to acquire IDFC Asset Management Company Limited/IDFC AMC Trustee Company Limited from IDFC First Bank Limited (BSE:539437) for INR 45,000 million.

IDFC Ltd, IDFC First Bank Merger Reportedly May Get Pushed to FY24

IDFC First Bank Limited Announces Appointment of Jaimini Bhagwati as Additional Director

IDFC First Bank Limited Announces Appointment of Jaimini Bhagwati as Additional Director

IDFC First Bank Limited Announces Executive Changes

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Price target increased to ₹50.80

Insider recently sold ₹1.0m worth of stock

Second quarter 2022 earnings released: EPS ₹0.18 (vs ₹0.19 in 2Q 2021)

Insider recently sold ₹3.0m worth of stock

First quarter 2022 earnings released: ₹1.01 loss per share (vs ₹0.20 profit in 1Q 2021)

Non-Executive Non-Independent Director Sunil Kakar has left the company

Price target increased to ₹48.50

Non-Executive Non-Independent Director recently sold ₹2.9m worth of stock

Chief Risk Officer recently sold ₹18m worth of stock

Price target increased to ₹41.70

Full year 2021 earnings released: EPS ₹0.88 (vs ₹5.94 loss in FY 2020)

Price target increased to ₹40.00

Non-Executive Non-Independent Director has left the company

What Kind Of Shareholders Own IDFC First Bank Limited (NSE:IDFCFIRSTB)?

Insider recently sold ₹4.1m worth of stock

Investor sentiment improved over the past week

Chief Compliance Officer recently sold ₹3.8m worth of stock

New 90-day high: ₹52.55

Price target raised to ₹36.78

Independent Director has left the company

IDFC First Bank Limited Announces Cessation of Anand Sinha, Non-Executive Independent Director

Third quarter 2021 earnings released: EPS ₹0.24 (vs ₹3.41 loss in 3Q 2020)

IDFC First Bank's (NSE:IDFCFIRSTB) Shareholders Are Down 34% On Their Shares

Price target raised to ₹31.20