IDFC First Bank Ltd share price logo

IDFC First Bank Ltd (IDFCFIRSTB)

₹75.661.21%

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Overview
News
Financials
Q1 2024 Results
Technicals
F&O

Analyst Rating

based on 18 analysts

BUY

55.56%

Buy

33.33%

Hold

11.11%

Sell

Based on 18 analysts offering long term price targets for IDFC First Bank Ltd. An average target of ₹90.44

Source: S&P Global Market Intelligence

IDFC First Bank Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹75.05
    ₹77.04
  • 52 Week's Low

    52 Week's High

    ₹70.8
    ₹100.7
1 Month Return-7.66 %
3 Month Return-8.11 %
1 Year Return-8.49 %
Previous Close₹76.59
Open₹76.55
Volume4.56Cr
Upper Circuit-
Lower Circuit-
Market Cap₹54,234.31Cr

Key Statistics

P/E Ratio17.81
PEG Ratio55.66
Market Cap₹54,234.31 Cr
P/B Ratio1.42
EPS0

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Tata Large & Mid Cap Fund Direct Plan GrowthTata Large & Mid Cap Fund Direct Plan Growth3.3%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.47%
Motilal Oswal Large and Midcap Fund Direct GrowthMotilal Oswal Large and Midcap Fund Direct Growth2.78%
HDFC Large and Mid Cap Fund Direct GrowthHDFC Large and Mid Cap Fund Direct Growth0.63%
Tata Equity P/E Fund Direct Plan GrowthTata Equity P/E Fund Direct Plan Growth1.57%

Company Information

IDFC First Bank Ltd is a leading private sector bank in India, incorporated on October 23, 2015. IDFC First Bank offers a wide range of banking and financial services, including retail banking, corporate banking, investment banking, asset management, wealth management, and insurance.

The bank's top products include savings accounts, current accounts, fixed deposits, recurring deposits, home loans, personal loans, car loans, credit cards, debit cards, and prepaid cards. IDFC First Bank also offers a wide range of digital banking services, such as mobile banking, net banking, UPI, and IMPS.

Share Price: ₹75.66 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹54,234.31Cr as of today
Revenue: ₹9,862.50Cr as on March 2024 (Q1 24)
Net Profit: ₹731.90Cr as on March 2024 (Q1 24)
Listing date: 06 Nov, 2015
Chairperson Name: Sanjeeb Chaudhuri
OrganisationIDFC First Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

Key events for IDFC First Bank Ltd

  • IDFC First Bank Ties Up With LIC for Online Policy Sales - 19 Jul, 2024

    IDFC First Bank has tied up with Life Insurance Corporation of India (LIC) under a corporate agency arrangement to enable its more than one crore customers to purchase LIC policies online. Meanwhile, the bank's CEO, V Vaidyanathan, has identified renewable energy as a key growth driver and expects higher credit demand from SMEs.

  • IDFC First Bank Ties Up With LIC for Online Policy Sales - 17 Jul, 2024

    IDFC First Bank has entered into a tie-up with Life Insurance Corporation of India (LIC) to facilitate more than 1 crore customers to buy LIC policies online through the bank's website. The digital on-boarding process is currently in development phase.

  • LIC Ties-Up with IDFC First Bank for Selling Policies - 16 Jul, 2024

    IDFC First Bank has entered into a corporate agency arrangement with LIC, allowing over one crore customers of the bank to buy LIC policies through its website. The move will provide digital-savvy customers of IDFC First Bank access to a wide range of attractive products from LIC and help increase life insurance penetration across India.

  • IDFC First Bank Appoints Joint Statutory Auditors - 12 Jul, 2024

    The RBI has approved the appointment of M/s. Kalyaniwalla & Mistry LLP and M/s. M.P. Chitale & Co. as joint statutory auditors for IDFC First Bank for FY 2024-25.

  • IDFC First Bank Raises Funds Through Share Sale to Insurance Companies - 05 Jul, 2024

    IDFC First Bank has raised Rs 3,200 crore through the sale of equity shares to six insurance companies, including LIC and HDFC Life. LIC also increased its stake in the bank to 2.68% by acquiring shares at Rs 80.63 per share.

  • LIC Increases Stake in IDFC First Bank - 04 Jul, 2024

    Life Insurance Corporation of India (LIC) has raised its stake in IDFC First Bank by 0.2% through a private placement offer for Rs 80.63 per share, taking its total stake to 2.68%. The investment is worth Rs 1,500 crore and the bank aims to use the funds for growth opportunities with high asset quality.

  • IDFC First Bank Insiders Sell ₹282m Worth of Stock - 30 Jun, 2024

    Insiders at IDFC First Bank have sold a substantial stake in the company over the last year, with Non-Executive Non-Independent Director Mahendra Shah selling shares worth ₹49m. Insider Anil Singhvi also ditched ₹17m worth of shares in the last three months. While insider transactions are not the most important thing when it comes to long-term investing, caution may be warranted.

Insights on IDFC First Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 11 quarters, 4.83K Cr → 9.86K Cr (in ₹), with an average increase of 6.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 104.1% return, outperforming this stock by 54.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 39.9% return, outperforming this stock by 48.4%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 746.85 Cr → 731.9 Cr (in ₹), with an average decrease of 1.0% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 21.02% to 19.91% in Jul 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 37.37% to 35.39% in Jul 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 29.96% to 28.37% in Jul 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 3.53% to 3.34% in Jul 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, IDFCFIRSTB stock has moved down by -7.7%

IDFC First Bank Ltd Infographics

Mega Merger! IDFC First Bank and IDFC merge into single entity!

IDFC First Bank and parent organization IDFC announced their merger, days after India's largest private sector bank HDFC Bank merged with HDFC.

  • IDFC First Bank and parent organization IDFC announced their merger, days after India's largest private sector bank HDFC Bank merged with HDFC.
  • IDFC First Bank and IDFC are key players in infrastructure financing and retail banking
  • IDFC share holders will get 155 shares of IDFC First Bank for every 100 shares of IDFC.
  • The merger talks began in March 2023 with the deal ending in July 2023, pending regulatory approvals.
  • The book value of IDFC First Bank stands to rise 4.9% as on March 31, 2023.
  • IDFC and IDFC First bank roll out triple digit returns over the one-year and five-year periods

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹9,862.50Cr
↑4.96%
Net Income
₹731.90Cr
↓0.03%
Net Profit Margin
7.42%
↓4.75%
2023Y/Y Change
Revenue
₹27,195.09Cr
↑33.67%
Net Income
₹2,484.93Cr
↑1,778.11%
Net Profit Margin
9.14%
↑1,306.15%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹2,40,068.85Cr
↑26.17%
Total Liabilities
₹2,40,068.85Cr
↑26.17%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹3,599.65Cr
↑38.24%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
35.39%
-5.31
Foreign Institutions
19.91%
-5.31
Mutual Funds
3.34%
-5.31
Retail Investors
28.37%
-5.31
Others
12.99%
60.09

Key Indicators

IDFC First Bank Ltd Valuation

IDFC First Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-415.00x)

January 13, 2022

Industry (16.87x)

July 23, 2024

Today (17.81x)

July 23, 2024

Highest (207.86x)

April 4, 2022

LowHigh

Earnings and Dividends

  • IDFC First Bank Ltd Earnings Results

    IDFC First Bank Ltd’s net profit fell -10.32% since last year same period to ₹731.90Cr in the Q4 2023-2024. On a quarterly growth basis, IDFC First Bank Ltd has generated -0.03% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • IDFC First Bank Ltd Dividends April,2018

    In the quarter ending March 2018, IDFC First Bank Ltd has declared dividend of ₹0.75 - translating a dividend yield of 1.96%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

IDFC First Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.

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IDFC First Bank Ltd (IDFCFIRSTB) share price today is ₹75.66

IDFC First Bank Ltd is listed on NSE

IDFC First Bank Ltd is listed on BSE

  • Today’s highest price of IDFC First Bank Ltd is ₹77.04.
  • Today’s lowest price of IDFC First Bank Ltd is ₹75.05.

PE Ratio of IDFC First Bank Ltd is 17.81

PE ratio = IDFC First Bank Ltd Market price per share / IDFC First Bank Ltd Earnings per share

Today’s traded volume of IDFC First Bank Ltd(IDFCFIRSTB) is 4.56Cr.

Today’s market capitalisation of IDFC First Bank Ltd(IDFCFIRSTB) is ₹54234.31Cr.

IDFC First Bank Ltd(IDFCFIRSTBPrice
52 Week High
₹100.7
52 Week Low
₹70.8

IDFC First Bank Ltd(IDFCFIRSTB) share price is ₹75.66. It is down -24.87% from its 52 Week High price of ₹100.7

IDFC First Bank Ltd(IDFCFIRSTB) share price is ₹75.66. It is up 6.86% from its 52 Week Low price of ₹70.8

IDFC First Bank Ltd(IDFCFIRSTBReturns
1 Day Returns
-0.93%
1 Month Returns
-7.66%
3 Month Returns
-8.11%
1 Year Returns
-8.49%