Stock To Buy: Today, in this post we’ll discuss about IDFC First Bank latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
If you are thinking of placing bets in some low-priced quality shares, then you can focus on the shares of IDFC First Bank(NSE: IDFCFIRSTB).
According to the brokerage, this stock may rise. Global brokerage firm has made a ‘buy’ call on the bank’s shares.
Brokerage house has begun coverage of this stock, with a First Target ₹105; Second Target ₹121. This is over 15 percent lower than the current (April 10, 2019) last closing value of Rs84.71.
The Condition Of Shares
IDFC First Bank stock has risen by over 52 percent in the past year.
There has been a 5 percent decline YTD, leading to negative returns in 3 out of 4 months so far this year.
After a decrease to 7 percent during March the decline was 4 percent in February, and 5 percent in January 2024 the stock has risen by 12 percent through April.
The price is currently lower than 16 percent from its record-setting peak of Rs100.74 which was set on September 5, 2023.
In the meantime, it has risen by 58 percent from its 52-week lowest of Rs53.35 on April 12, 2023.
What Is The Brokerage’s Opinion?
Brokerage firm is positive on IDFC First Bank. The brokerage has also listed three reasons for the rise in this stock.
First- Full Suite Banking and Best Deposit Franchise.
Second – 28 percent CAGR is expected in deposits which will support 22 percent growth in loans and third – Earnings growth is expected from 2HFY25.
About IDFC First Bank Company
IDFC First Bank Limited (IFC) is an Indian-based banking firm. The company operates in four divisions: Retail Banking, Treasury, Corporate/Wholesale Banking, and Other Banking Business.
The Treasury segment primarily comprises the investment portfolio of the Bank including money market borrowing, loans, investment operations, and the complete derivative and foreign exchange collection from the Bank.
The Wholesale/Corporate Banking segment offers credit, non-fund facilities, and transaction services to corporation’s relationships that aren’t covered in Retail Banking and syndication.
This Retail Banking segment provides loans to customers of business or personal banking through branches and other delivery channels, subject to the nature, orientation, and type of the product, the granularity of the exposure, and the magnitude of the exposure.
Other Banking Business is the Other Banking Business segment that includes revenues from the distribution of third-party products. The company operates around 809 branches as well as 925 automated ATMs (ATMs).
Fundamental Analysis of IDFC First Bank
| Market Cap | ₹ 59,846 Cr. |
| Current Price | ₹ 84.90 |
| 52-wk High | ₹ 101 |
| 52-wk Low | ₹53.4 |
| Stock P/E | 19.8 |
| Book Value | ₹ 39.1 |
| Dividend | 0.00 % |
| ROCE | 6.59 % |
| ROE | 10.6 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.17 |
| OPM | 39.5 % |
| EPS | ₹ 4.48 |
| Debt | ₹ 2,01,682 Cr. |
| Debt to Equity | 7.80 |
IDFC First Bank Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹90 | ₹132 |
| 2025 | ₹135 | ₹176 |
| 2026 | ₹155 | ₹195 |
| 2027 | ₹200 | ₹245 |
| 2028 | ₹209 | ₹300 |
| 2029 | ₹288 | ₹344 |
| 2030 | ₹345 | ₹387 |
IDFC First Bank Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 36.38% |
| Mar 2023 | 39.99% |
| June 2023 | 39.93% |
| Sept 2023 | 39.37% |
| Dec 2023 | 37.45% |
| FII Holding | |
| Dec 2022 | 19.76% |
| Mar 2023 | 19.31% |
| June 2023 | 20.85% |
| Sept 2023 | 24.48% |
| Dec 2023 | 24.30% |
| DII Holding | |
| Dec 2022 | 9.61% |
| Mar 2023 | 7.69% |
| June 2023 | 7.71% |
| Sept 2023 | 5.58% |
| Dec 2023 | 6.63% |
| Govt. Holding | |
| Dec 2022 | 4.22% |
| Mar 2023 | 3.98% |
| June 2023 | 3.97% |
| Sept 2023 | 3.92% |
| Dec 2023 | 3.72% |
| Public Holding | |
| Dec 2022 | 30.02% |
| Mar 2023 | 29.05% |
| June 2023 | 27.54% |
| Sept 2023 | 26.66% |
| Dec 2023 | 27.90% |
IDFC First Bank Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹12,204 Cr |
| 2020 | ₹16,240 Cr |
| 2021 | ₹15,968 Cr |
| 2022 | ₹17,173 Cr |
| 2023 | ₹28,529 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-1,908 Cr |
| 2020 | ₹-2,843 Cr |
| 2021 | ₹483 Cr |
| 2022 | ₹132 Cr |
| 2023 | ₹3,027 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 23% |
| 3 Years: | 42% |
| Current Year: | 50% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | -2% |
| 3 Years: | 5% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | – |
| 5 Years: | 20% |
| 3 Years: | 12% |
| Current Year: | 37% |
Conclusion
This article is a complete guide about IDFC First Bank Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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