IDFC First Bank Ltd. (IN:IDFCFIRSTB)
:IDFCFIRSTB
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IDFC First Bank Ltd.
(IDFCFIRSTB)
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Rating:56Neutral
Price Target:
₹79.00
▲(15.29% 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 Expansion
Sustained multi-year revenue growth indicates the bank is expanding its customer base and product penetration, supporting scale economies. Over 2–6 months this durable top-line expansion underpins loan growth capacity and fee income diversification, benefiting long-term franchise value.
Negative Factors
Softening Profitability
Declining net income and compressed operating profit reduce return on equity and weaken earnings durability. Over the medium term this constrains internal capital generation and may limit the bank's ability to fund growth or absorb credit losses without raising costly capital or cutting dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Expansion
Sustained multi-year revenue growth indicates the bank is expanding its customer base and product penetration, supporting scale economies. Over 2–6 months this durable top-line expansion underpins loan growth capacity and fee income diversification, benefiting long-term franchise value.
Read all positive factors
IDFC First Bank Ltd. (IDFCFIRSTB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹658.82B
Dividend Yield0.29%
Average Volume (3M)1.00M
Price to Earnings (P/E)41.3
Beta (1Y)1.19
Revenue Growth11.37%
EPS Growth-3.10%
CountryIN
Employees41,141
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.91
Shares Outstanding8,610,909,000
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
₹79.50Price Target Upside16.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.29
Revenue Forecast (FY)₹348.52B
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 | 462.60B | 484.22B | 436.09B | 363.50B | 272.83B | 207.62B |
| Gross Profit | 263.29B | 290.89B | 264.01B | 224.80B | 171.93B | 132.97B |
| EBITDA | 17.61B | 26.68B | 27.00B | 44.88B | 37.66B | 5.57B |
| Net Income | 14.37B | 16.11B | 14.90B | 29.42B | 24.85B | 1.32B |
Balance Sheet | ||||||
| Total Assets | 3.82T | 4.00T | 3.44T | 2.96T | 2.40T | 1.90T |
| Cash, Cash Equivalents and Short-Term Investments | 155.01B | 127.67B | 150.99B | 124.81B | 137.79B | 50.30B |
| Total Debt | 407.92B | 366.33B | 389.84B | 591.85B | 624.91B | 570.67B |
| Total Liabilities | 3.36T | 3.52T | 3.06T | 2.64T | 2.14T | 1.69T |
| Stockholders Equity | 465.54B | 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. Technical Analysis
Positive
68.52
Price Trends
68.51
Positive
72.09
Positive
74.66
Positive
Market Momentum
1.50
Negative
73.40
Negative
75.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IDFCFIRSTB, the sentiment is Positive. The current price of 68.52 is below the 20-day moving average (MA) of 70.87, above the 50-day MA of 68.51, and below the 200-day MA of 74.66, indicating a bullish trend. The MACD of 1.50 indicates Negative momentum. The RSI at 73.40 is Negative, neither overbought nor oversold. The STOCH value of 75.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IDFCFIRSTB.
IDFC First Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹769.26B | 17.91 | ― | 0.45% | 7.00% | 4.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ₹760.61B | 28.74 | ― | 0.10% | 16.04% | 25.01% | |
67 Neutral | ₹662.87B | 6.44 | ― | 2.87% | 6.51% | 7.94% | |
60 Neutral | ₹722.49B | 20.86 | ― | ― | 0.59% | 42.80% | |
56 Neutral | ₹658.82B | 41.33 | ― | 0.29% | 11.37% | -3.10% | |
48 Neutral | ₹714.37B | 80.33 | ― | 1.95% | -5.11% | -65.49% |
* Financial Sector Average
IN:IDFCFIRSTB
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IDFC First Bank Ltd. Corporate Events
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...
IDFC First Bank Publishes Q4 and FY26 Earnings Call Transcript
Apr 30, 2026
IDFC First Bank has released the transcript of its earnings call for the quarter and full year ended March 31, 2026, following a Board meeting held on April 25, 2026. The bank informed stock exchanges that the detailed discussion of its Q4 and FY2...
IDFC First Bank posts Q4 FY26 earnings call recording for investors
Apr 26, 2026
IDFC First Bank has notified exchanges that the audio recording of its earnings call for the fourth quarter and full financial year ended March 31, 2026, is now available on its website for analysts and investors. The disclosure, made under SEBI&#...
IDFC First Bank Gets Clean Audit on FY26 Results Filed With Exchanges
Apr 25, 2026
IDFC First Bank said its board has approved the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, following a board meeting held on April 25. The results, prepared under Indian accounting sta...
IDFC First Bank Q4 FY26 profit steady as core earnings surge and asset quality improves
Apr 25, 2026
IDFC First Bank reported audited results for the quarter and year ended March 31, 2026, showing steady growth in customer business and improving asset quality despite a one-off incident. Loans and advances rose 20% year-on-year, customer deposits ...
IDFC First Bank Allots Over 5 Lakh Shares Under Employee Stock Option Scheme
Apr 13, 2026
IDFC First Bank has approved the allotment of 507,112 new equity shares to eligible employees following the exercise of vested stock options under its Employee Stock Option Scheme. The newly issued shares, with a face value of ₹10 each, will...
IDFC First Bank Publishes Postal Ballot Notice in Line With SEBI Norms
Mar 19, 2026
IDFC First Bank has notified stock exchanges that it has published a notice of postal ballot in national and regional newspapers, complying with disclosure norms under SEBI’s Listing Obligations and Disclosure Requirements Regulations. The p...
IDFC First Bank Seeks Shareholder Nod via E-Vote for Independent Director Re-Appointment
Mar 18, 2026
IDFC First Bank has initiated a postal ballot process to seek shareholder approval for the re-appointment of Mr. S. Ganesh Kumar as an independent director, proposing this as a special resolution. The move underscores the bank’s focus on boa...
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.