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IDFC First Bank

IDFCFIRSTB NSE
₹74.73 No trade today
P/E
27.88
View as Markdown
MCP
Close 4 Nov 2026 ₹74.73 −5.64 −7.02% 1Y
Start ₹80.37

Key Fundamentals

MidcapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹2.68
Book Value
₹57.09
Market Cap
—
P/E (TTM)
27.88
P/B
1.31
ROE
3.83%
Dividend Yield
0.34%
52W High
₹89.61
52W Low
₹58.08
Volume
0
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

IDFC First Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
IDFC First Bank (this company)
₹74.7327.88₹63,589 Cr1.310.34%3.83%—₹41,958 Cr₹2,249 Cr
Median 8 companies₹598.0516.61₹2,33,797 Cr1.780.35%12.35%—₹59,421 Cr₹14,901 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

40 Weak

Data confidence 100/100

Category scores

Quality
18
Poor
Returns, margins, earnings quality 22% weight
Valuation
30
Poor
Cheap vs sector & own history 24% weight
Growth
77
Strong
Sales & profit trajectory 9% weight
Financial Health
11
Poor
Solvency, leverage, coverage 9% weight
Momentum
44
Weak
Trend strength, vol-adjusted 12% weight
Ownership
69
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company's median sales growth is 26.4% of last 10 years

Weaknesses

5
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.71% over last 3 years.
  • Contingent liabilities of Rs.5,47,873 Cr.
  • Earnings include an other income of Rs.7,956 Cr.
  • Dividend payout has been low at 8.38% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
42.76
Neutral
MACD (12,26,9)
−2.36
Bullish
SMA (50)
81.05
Bearish
SMA (200)
76.79
Bearish

As of

Analyst Rating

Based on 22 analysts
BUY82%

18 of 22 analysts rate Buy, 4 Hold, 0 Sell.

As of

BUY
18
82%
HOLD
4
18%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+27.23%
5Y+20.49%
3Y+21.28%
1Y+11.09%
TTM+12.32%

Net profit

Net profit growth by window
10Y+13.36%
5Y+29.34%
3Y−12.44%
1Y+7.28%
TTM+72.07%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8,533 Cr
Mar 2018₹8,930 Cr
Mar 2019₹11,948 Cr
Mar 2020₹16,308 Cr
Mar 2021₹15,968 Cr
Mar 2022₹17,173 Cr
Mar 2023₹22,728 Cr
Mar 2024₹30,322 Cr
Mar 2025₹36,501 Cr
Mar 2026₹40,549 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,020 Cr
Mar 2018₹859 Cr
Mar 2019−₹1,944 Cr
Mar 2020−₹2,864 Cr
Mar 2021₹452 Cr
Mar 2022₹145 Cr
Mar 2023₹2,437 Cr
Mar 2024₹2,957 Cr
Mar 2025₹1,525 Cr
Mar 2026₹1,636 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹1.30 +6.6% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

IDFC First Bank Ltd trades at ₹72 as of 2026-10-30 with a market cap of ₹62,080 Cr, a P/E of 26.87x and P/B of 1.26x. The bank has delivered strong TTM profit growth of 72% but carries a low ROE of 3.4% and significant contingent liabilities of ₹5,47,873 Cr, placing it in a transitional phase where revenue scale-up is yet to fully translate into sustainable returns.

Bull Case 7
  • TTM profit growth stands at 72%, indicating a sharp earnings recovery and improving profitability trajectory
  • Compounded sales growth of 27% over 10 years and 21% over 3 years reflects consistent revenue expansion well above the banking sector average
  • Median sales growth of 26.4% over the last 10 years demonstrates a durable franchise-building track record
  • 5-year compounded profit growth of 30% shows the bank has been scaling earnings meaningfully over a medium-term horizon
  • P/B ratio of 1.26x is moderate for a growing retail-focused bank, suggesting the stock is not excessively priced relative to book value
  • The stock is trading at ₹72, which is 19.7% below its 52-week high of ₹89.61, offering a potential margin from peak valuations
  • 5-year stock CAGR of 10% indicates the market has rewarded the bank's growth over the medium term despite near-term volatility
Bear Case 8
  • ROE is just 3.4% as of the latest period and has averaged only 6% over 3 and 5 years, well below the cost of equity for most banks
  • Contingent liabilities of ₹5,47,873 Cr are extraordinarily large relative to the ₹62,080 Cr market cap, representing a significant off-balance-sheet risk
  • Low interest coverage ratio suggests the bank's earnings cushion over its interest obligations remains thin
  • 3-year compounded profit growth is negative at -12%, indicating earnings volatility and inconsistency despite the recent TTM surge
  • Dividend payout has been low at 8.38% of profits over the last 3 years, with a current yield of just 0.34%, offering minimal income to shareholders
  • Earnings include other income of ₹7,956 Cr, raising questions about the sustainability and quality of reported profits
  • 3-year stock CAGR of -5% shows the market has not rewarded shareholders over the recent medium term despite revenue growth
  • P/E of 26.87x is elevated for a bank generating only 3.4% ROE, implying the valuation already prices in significant future improvement

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Limited recent news flow for IDFC First Bank. The only development is a scheduled Q2FY26 earnings call on Oct 24. No specific headwinds or positive catalysts have emerged in the latest coverage. Investors should watch the upcoming results for updates on asset quality, loan growth, and margin trajectory.

Quarterly Results

₹ Cr
IDFCFIRSTB quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
6,868
7,356
7,879
8,219
8,789
8,957
9,343
9,413
9,642
9,937
10,417
10,553
11,051
Expenses
4,135
4,398
4,895
5,169
5,426
6,285
6,261
6,441
6,580
6,576
6,982
7,118
6,873
Financing Profit
−390
−448
−609
−700
−731
−1,497
−1,359
−1,534
−1,647
−1,463
−1,490
−1,441
−901
Fin. Margin %
−6%
−6%
−8%
−9%
−8%
−17%
−15%
−16%
−17%
−15%
−14%
−14%
−8%
Other Income
1,414
1,430
1,517
1,642
1,619
1,727
1,780
1,895
2,227
1,891
2,125
1,630
2,309
Interest
3,123
3,406
3,593
3,750
4,094
4,169
4,441
4,506
4,709
4,824
4,925
4,876
5,079
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,024
982
908
942
888
230
421
361
580
428
635
189
1,409
Tax %
25%
23%
21%
23%
23%
13%
19%
16%
20%
18%
21%
−68%
24%
Net Profit
765
751
716
724
681
201
339
304
463
352
503
319
1,075
EPS (₹)
1.15
1.12
1.01
1.02
0.96
0.27
0.46
0.42
0.63
0.48
0.58
0.37
1.25
Gross NPA %
2.17%
2.11%
2.04%
1.88%
1.9%
1.92%
1.94%
1.87%
1.97%
1.86%
1.69%
1.61%
1.51%
Net NPA %
0.7%
0.68%
0.68%
0.6%
0.59%
0.48%
0.52%
0.53%
0.55%
0.52%
0.53%
0.48%
0.44%

Profit & Loss

₹ Cr
IDFCFIRSTB profit and loss, annual, ₹ crore
Particulars Mar 2015 6mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
0
3,649
8,533
8,930
11,948
16,308
15,968
17,173
22,728
30,322
36,501
40,549
41,958
Expenses
3
494
1,425
1,725
4,534
9,871
8,786
12,380
13,410
17,979
23,593
26,412
27,549
Financing Profit
−3
353
592
73
−1,335
−3,795
−1,406
−2,674
−775
−1,528
−4,301
−5,197
−5,295
Fin. Margin %
—
10%
7%
1%
−11%
−23%
−9%
−16%
−3%
−5%
−12%
−13%
−13%
Other Income
0
403
1,013
1,118
852
1,722
2,211
3,222
4,467
6,002
7,022
7,873
7,956
Interest
0
2,802
6,515
7,132
8,749
10,232
8,588
7,467
10,092
13,872
17,210
19,334
19,703
Depreciation
0
41
134
163
2,813
305
329
373
425
618
820
844
0
PBT
−3
716
1,471
1,027
−3,295
−2,379
476
175
3,267
3,855
1,900
1,833
2,661
Tax %
0%
35%
31%
16%
−41%
20%
5%
17%
25%
23%
20%
11%
—
Net Profit
−3
467
1,020
859
−1,944
−2,864
452
145
2,437
2,957
1,525
1,636
2,249
EPS (₹)
−516
1.38
3
2.52
−4.07
−5.95
0.8
0.23
3.68
4.18
2.08
1.9
2.68
Div. Payout %
0%
18%
25%
30%
0%
0%
0%
0%
0%
0%
12%
13%
—

Balance Sheet

₹ Cr
IDFCFIRSTB balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.05
3,393
3,399
3,404
4,782
4,810
5,676
6,218
6,618
7,070
7,322
8,602
Reserves
−3
10,240
11,279
11,852
13,378
10,533
12,132
14,786
19,103
25,091
30,756
38,750
Borrowing
0
57,160
50,262
57,287
69,983
57,397
45,786
52,963
57,212
50,936
38,975
36,621
Deposits
—
8,219
40,208
48,198
70,479
65,108
88,688
1,05,634
1,44,637
2,00,576
2,52,065
2,94,475
Other Liabilities
3
4,204
7,011
5,778
8,563
11,353
10,861
10,581
12,371
12,442
14,701
21,333
Total Liabilities
0
83,216
1,12,160
1,26,520
1,67,185
1,49,200
1,63,144
1,90,182
2,39,942
2,96,115
3,43,819
3,99,780
Fixed Assets
0
644
781
781
917
965
1,201
1,282
1,876
2,525
2,596
2,444
CWIP
0
29
5
3
34
73
65
79
214
95
67
113
Investments
0
29,729
50,472
61,202
58,475
45,405
45,412
46,145
61,124
74,710
80,716
85,966
Other Assets
0
52,814
60,901
64,535
1,07,759
1,02,758
1,16,466
1,42,676
1,76,728
2,18,785
2,60,440
3,11,257
Total Assets
0
83,216
1,12,160
1,26,520
1,67,185
1,49,200
1,63,144
1,90,182
2,39,942
2,96,115
3,43,819
3,99,780

Cash Flow

₹ Cr
IDFCFIRSTB cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
−13,034
14,247
−5,941
17,293
10,927
14,061
2,604
3,600
11,328
14,395
6,915
Investing
0
7,171
−5,074
−1,008
−412
−3,764
−2,826
−2,884
−11,969
−9,792
−3,095
−14,219
Financing
0
7,475
−6,974
6,744
−12,207
−12,539
−9,598
10,211
6,509
−2,954
−8,682
4,969
Net Cash Flow
0
1,612
2,198
−205
4,675
−5,376
1,637
9,930
−1,860
−1,418
2,617
−2,335
Free Cash Flow
0
−13,212
13,993
−6,104
17,037
10,534
13,519
2,131
2,447
10,189
13,542
6,178
CFO/OP
0
−406
204
−78
232
172
188
51
42
98
113
51

Ratios

IDFCFIRSTB financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
—
7%
7%
6%
−12%
−17%
3%
1%
10%
10%
4%
4%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view IDFC First Bank insights

86 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 36.66%
  • DIIs 25.42%
  • Public 25.31%
  • Government 7.78%
  • Others 4.82%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about IDFC First Bank

What does IDFC First Bank Ltd do?
IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
Where is IDFC First Bank Ltd (IDFCFIRSTB) listed?
IDFC First Bank Ltd trades as IDFCFIRSTB on the NSE and under code 539437 on the BSE.
Which sector does IDFC First Bank Ltd belong to?
IDFC First Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of IDFC First Bank Ltd?
IDFC First Bank Ltd trades at a PE ratio of 27.88 as of 4 Nov 2026, on earnings per share of ₹2.68, against a book value of ₹57.09 per share.
What is the 52-week high and low of IDFC First Bank Ltd?
Over the last 52 weeks IDFC First Bank Ltd has traded between ₹58.08 and ₹89.61 as of 4 Nov 2026.
Does IDFC First Bank Ltd pay dividends?
IDFC First Bank Ltd has a dividend yield of 0.34%.
What is the Return on Equity (ROE) of IDFC First Bank Ltd?
IDFC First Bank Ltd reported a return on equity of 3.83%.

Company Information

IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.

Website idfcbank.com
CEO Mr. Vembu Vaidyanathan AMP (HBS), MBA
Employees 42,190
Listed 6 Nov 2015
Face Value ₹10

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