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IDFC First Bank Ltd.
(IDFCFIRSTB)
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Rating:56Neutral
Price Target:
₹87.00
▲(7.63% Upside)
Action:Reiterated
Date:04/28/26
The score is driven primarily by mid-range fundamentals: strong multi-year revenue growth and improving leverage are offset by weaker recent profitability and volatile cash flows. Technicals are mixed with neutral momentum and a longer-term downtrend. Valuation is a meaningful headwind due to a high P/E and low dividend yield.
Positive Factors
Multi-year revenue growth
Consistent multi-year top-line expansion shows durable customer traction across retail and corporate lending. Sustained revenue growth supports reinvestment in distribution and tech, funds provision buffers, and underpins long-term loan book scaling even if near-term earnings fluctuate.
Negative Factors
Volatile cash generation
Significant year-to-year swings in operating and free cash flow weaken predictability of internal funding for growth and provisions. Volatility complicates capital planning and may force external funding or constrain loan growth during stress periods, reducing financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Consistent multi-year top-line expansion shows durable customer traction across retail and corporate lending. Sustained revenue growth supports reinvestment in distribution and tech, funds provision buffers, and underpins long-term loan book scaling even if near-term earnings fluctuate.
Read all positive factors
IDFC First Bank Ltd. (IDFCFIRSTB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹729.85B
Dividend Yield0.3%
Average Volume (3M)1.00M
Price to Earnings (P/E)31.4
Beta (1Y)1.23
Revenue Growth10.96%
EPS Growth53.53%
CountryIN
Employees41,141
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.70
Shares Outstanding8,616,903,000
10 Day Avg. Volume1,327,745
30 Day Avg. Volume1,004,618
Financial Highlights & Ratios
PEG Ratio-4.33
Price to Book (P/B)1.08
Price to Sales (P/S)1.06
P/FCF Ratio8.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹93.00Price Target Upside15.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.66
Revenue Forecast (FY)₹348.14B
IDFC First Bank Ltd. Business Overview & Revenue Model
Company Description
Established in 2014 and headquartered in Mumbai, India, IDFC First Bank Limited adopted its current name in January 2019, having previously operated as IDFC Bank Limited. The bank delivers a comprehensive suite of banking and financial solutions a...
How the Company Makes Money
IDFC First Bank primarily makes money through its core banking activities: (1) Net interest income (NII): The bank earns interest on loans and other interest-earning assets and pays interest on deposits and borrowings; the difference (net interest...
IDFC First Bank Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 499.14B | 484.22B | 434.78B | 363.50B | 272.83B | 207.62B |
| Gross Profit | 287.61B | 290.89B | 262.70B | 224.80B | 171.93B | 132.97B |
| EBITDA | 31.47B | 26.68B | 27.00B | 44.88B | 37.66B | 5.57B |
| Net Income | 23.05B | 16.11B | 14.90B | 29.42B | 24.85B | 1.32B |
Balance Sheet | ||||||
| Total Assets | 4.21T | 4.00T | 3.44T | 2.96T | 2.40T | 1.90T |
| Cash, Cash Equivalents and Short-Term Investments | 133.59B | 127.67B | 150.99B | 124.81B | 137.79B | 50.30B |
| Total Debt | 413.97B | 366.33B | 389.84B | 591.85B | 624.91B | 570.67B |
| Total Liabilities | 3.72T | 3.52T | 3.06T | 2.64T | 2.14T | 1.69T |
| Stockholders Equity | 487.76B | 474.04B | 381.56B | 322.74B | 258.48B | 210.82B |
Cash Flow | ||||||
| Free Cash Flow | -239.28B | 60.39B | -378.94B | 43.15B | 23.75B | 21.97B |
| Operating Cash Flow | -235.66B | 68.17B | -369.75B | 56.88B | 35.63B | 26.79B |
| Investing Cash Flow | -99.56B | -141.43B | -34.78B | -98.87B | -119.96B | -217.85B |
| Financing Cash Flow | 339.16B | 49.72B | 427.67B | -29.54B | 65.09B | 272.14B |
IDFC First Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹784.78B | 27.40 | ― | 0.10% | 14.96% | 30.22% | |
61 Neutral | ₹581.02B | 26.94 | ― | 0.28% | 3.62% | 46.01% | |
60 Neutral | ₹714.68B | 19.13 | ― | ― | 0.75% | 37.73% | |
56 Neutral | ₹729.85B | 31.36 | ― | 0.31% | 10.96% | 53.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹280.41B | 20.73 | ― | 0.90% | -2.19% | -34.11% | |
48 Neutral | ₹789.18B | 59.66 | ― | 1.95% | -6.52% | 31.09% |
* General Sector Average
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IDFC First Bank Ltd. Corporate Events
IDFC First Bank posts Q1 FY27 earnings call recording for investors
Jul 26, 2026
IDFC First Bank Ltd. has notified the exchanges that the audio recording of its Q1 FY27 earnings call, held with analysts and investors on July 25, 2026, discussing unaudited financial results for the quarter ended June 30, 2026, is now available ...
IDFC First Bank Clears Rs 20,000 Crore Fund-Raising Plan and Governance Changes
Jul 25, 2026
IDFC First Bank’s board has granted enabling approval to raise up to ₹7,500 crore in equity and ₹12,500 crore in debt over the next year, aiming to maintain strong capital adequacy and flexibility to fund growth across its busine...
IDFC First Bank Clears Major Fundraising Mandate, Board and Governance Changes
Jul 25, 2026
IDFC First Bank’s board has granted an enabling approval to raise up to ₹7,500 crore in equity and ₹12,500 crore in debt over the next year, aimed at maintaining strong capital adequacy and providing flexibility to fund growth op...
IDFC First Bank Re-Shares Details for Q1 FY27 Earnings Call
Jul 25, 2026
IDFC First Bank has re-issued the dial-in details for its earnings conference call covering the quarter ended June 30, 2026, after some stakeholders reported technical issues accessing the earlier link. The call is scheduled for July 25, 2026, at ...
IDFC First Bank Confirms Chandigarh Branch Fraud Was Isolated, Tightens Controls After KPMG Probe
Jun 5, 2026
IDFC First Bank has disclosed the findings of a KPMG forensic review into a major fraud linked to its Sector 32 branch in Chandigarh, confirming collusion between certain current and former bank employees, employees of state government customers a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.