IDFC First Bank Limited

NSEI:IDFCFIRSTB Stock Report

Market Cap: ₹457.1b

IDFC First Bank Valuation

Is IDFCFIRSTB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IDFCFIRSTB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IDFCFIRSTB (₹62.65) is trading above our estimate of fair value (₹20.78)

Significantly Below Fair Value: IDFCFIRSTB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IDFCFIRSTB?

Key metric: As IDFCFIRSTB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IDFCFIRSTB. This is calculated by dividing IDFCFIRSTB's market cap by their current earnings.
What is IDFCFIRSTB's PE Ratio?
PE Ratio19.8x
Earnings₹23.19b
Market Cap₹457.12b

Price to Earnings Ratio vs Peers

How does IDFCFIRSTB's PE Ratio compare to its peers?

The above table shows the PE ratio for IDFCFIRSTB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.1x
CENTRALBK Central Bank of India
13.4xn/a₹461.1b
FEDERALBNK Federal Bank
11.6x13.2%₹484.3b
UCOBANK UCO Bank
23.6xn/a₹520.1b
MAHABANK Bank of Maharashtra
7.9xn/a₹394.2b
IDFCFIRSTB IDFC First Bank
19.8x40.1%₹457.1b

Price-To-Earnings vs Peers: IDFCFIRSTB is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

How does IDFCFIRSTB's PE Ratio compare vs other companies in the IN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
IDFCFIRSTB 19.8xIndustry Avg. 9.7xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IDFCFIRSTB is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the Indian Banks industry average (9.7x).

Price to Earnings Ratio vs Fair Ratio

What is IDFCFIRSTB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IDFCFIRSTB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio15.5x

Price-To-Earnings vs Fair Ratio: IDFCFIRSTB is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IDFCFIRSTB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹62.65
₹71.05
+13.4%
14.9%₹95.00₹56.00n/a19
Jan ’26₹64.19
₹71.58
+11.5%
15.4%₹95.00₹56.00n/a19
Dec ’25₹64.08
₹72.47
+13.1%
15.6%₹95.00₹56.00n/a19
Nov ’25₹67.15
₹73.06
+8.8%
15.0%₹95.00₹58.00n/a18
Oct ’25₹73.44
₹84.17
+14.6%
11.0%₹98.00₹63.00n/a18
Sep ’25₹73.84
₹84.50
+14.4%
10.6%₹98.00₹63.00n/a18
Aug ’25₹75.39
₹84.33
+11.9%
10.4%₹98.00₹63.00n/a18
Jul ’25₹81.14
₹90.50
+11.5%
13.1%₹107.00₹64.00n/a18
Jun ’25₹76.40
₹90.50
+18.5%
13.1%₹107.00₹64.00n/a18
May ’25₹82.15
₹89.83
+9.4%
13.3%₹107.00₹64.00n/a18
Apr ’25₹77.50
₹90.19
+16.4%
12.5%₹107.00₹64.00n/a16
Mar ’25₹82.20
₹90.57
+10.2%
12.8%₹107.00₹64.00n/a14
Feb ’25₹83.40
₹90.64
+8.7%
12.6%₹107.00₹65.00n/a14
Jan ’25₹87.80
₹94.21
+7.3%
14.0%₹114.00₹65.00₹64.1914
Dec ’24₹86.10
₹91.67
+6.5%
14.6%₹114.00₹65.00₹64.0815
Nov ’24₹81.10
₹91.87
+13.3%
14.2%₹114.00₹68.00₹67.1515
Oct ’24₹95.50
₹89.07
-6.7%
15.1%₹105.00₹65.00₹73.4414
Sep ’24₹93.40
₹84.92
-9.1%
14.6%₹100.00₹65.00₹73.8412
Aug ’24₹88.50
₹81.50
-7.9%
18.2%₹100.00₹47.00₹75.3912
Jul ’24₹79.40
₹71.30
-10.2%
16.6%₹85.00₹47.00₹81.1410
Jun ’24₹72.60
₹68.80
-5.2%
15.1%₹80.00₹47.00₹76.4010
May ’24₹61.45
₹65.11
+6.0%
17.3%₹80.00₹47.00₹82.159
Apr ’24₹55.05
₹59.20
+7.5%
21.5%₹75.00₹36.00₹77.5010
Mar ’24₹55.70
₹59.18
+6.3%
20.5%₹75.00₹36.00₹82.2011
Feb ’24₹56.50
₹59.18
+4.7%
20.5%₹75.00₹36.00₹83.4011
Jan ’24₹58.80
₹54.73
-6.9%
21.0%₹70.00₹36.00₹87.8011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 12:11
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

IDFC First Bank Limited is covered by 37 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kaitav ShahAnand Rathi Shares and Stock Brokers Limited
null nullAxis Capital Limited
Manish ShuklaAxis Capital Limited