IDFC First Bank Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

The market capitalization evaluated IDFC First Bank breaks into the main 10. In 2015, it was founded under the name IDFC First Bank. It later changed its name to IDFC First Bank, but in December 2023, after the merger with another IDFC First Bank’s legal entity was completed, the name was changed to IDFC First Bank Limited. Services in banking are provided by IDFC First bank. When making investment decisions, consumers should, as is typical, take market conditions, financial factors, and the organization’s overall performance into account. IDFC FIRST Bank was formed when Erstwhile Capital and IDFC Bank merged.

IDFC First Bank Share Price Target 2024-2030

From 2024 to 2030, it is anticipated that IDFC First Bank will experience significant growth and transformation. The monetary gathering’s revenue on retail banking, advanced change, and purchaser driven administrations need to pressure supported blast in its percent expense over the accompanying various years. The company’s long-term growth story is still compelling, with goals of 100 in 2024 and 450 in 2030. This means that customers will have ample opportunity to increase their prices.

IDFC First Bank Share Price Target Today Update

IDFC First Bank, an incredibly decent member inside the Indian financial zone, has master astonishing development and change thinking about reality that its initiation. The company’s history, which was marked by mergers, strategic obligations, and a focus on retail banking, has established it as a major player in the market. The business is a significant player in the financial sector with a market capitalization of $50.82 million. Taking into account a variety of financial metrics, market trends, and growth opportunities, we are able to determine the functionality percent charge expectations for IDFC First Bank from 2024 to 2030 in this evaluation.

What is IDFC First Bank Ltd?

A significant Indian private sector bank, IDFC First Bank Ltd. provides individuals, small businesses, and corporations with a wide range of financial products and services. The bank was established by merging IDFC Bank and Capital First. It trades under the ticker IDFCFIRSTB on the Indian National Stock Exchange. IDFC First Bank offers wealth management, house loans, personal loans, automobile loans, working capital loans, fixed and recurring deposits, and savings and current accounts. To make services simple and effective, the bank places an emphasis on technology and digital banking.

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Current Financial For IDFC First Bank Share Price

According to the most recent records, IDFC First Bank’s stock opened at 1.38 yen, with a high of 71.49 yen and a low of 70.43 yen. The financial institution has a rate-to-income (P/E) ratio of 17.41 and a market capitalization of 50.82K Cr. The multi week extreme and coffee are ₹100.70 and ₹70.43, separately. The proportion charge has decreased by 19.88% over the course of the year, which is indicative of challenging conditions both within the financial institution itself and most likely within the overall market.

IDFC First Bank Share Business Profile

At this time, the bank has 897 branches spread across the country and a total of 1136 automated teller machines (ATMs). The company intends to improve its net interest margin by shifting its focus from corporate banking to retail banking.

• Profitability: Because of these progressions in resources and liabilities, Net Interest Edges rose from around 3% for FY19 to roughly 6% for FY22. During FY24/25, management anticipates a 5- to 5.5% rise in NIMs.
• Assets: Retail and commercial loans accounted for 35% of all funded assets as of December 2018. They currently account for up to 72% of them. As of March 22, the company’s infrastructure loans have been reduced from Rs. 22,710 crore in December 2018 to Rs. 6,891 crore. They represent only 5.2% of the Bank’s funded assets at the end of this fiscal year; however, our projections for FY24/25 indicate that this percentage will drop to zero. The retail loan portfolio of the bank, which is diversified across a variety of business sectors, accounts for 63% of its total funded assets at this time.

IDFC First Bank Latest Update

• An insider investor sold more than 265 million rupees worth of Bank stock during the last year’s trading period, which could be bad news for IDFC First Bank. Investors must therefore carefully monitor their investments and be aware of this development.
• In December 2023, the Reserve Bank of India gave its approval to the merger of IDFC First Bank and IDFC Ltd.
• This choice of India’s Financial Framework’s Most elevated Administrative Power RBI came after the board individuals from IDFC First Bank and IDFC Ltd got together in July 2023 and approved the converse consolidation of these two substances.

IDFC First Bank Fundamentals & Quarterly Results

Market Cap	₹ 54,130 Cr.
Current Price	₹ 76.6
High / Low	₹ 101 / 65.2
Stock P/E	18.4
Book Value	₹ 39.1
Dividend Yield	0.00 %
ROCE	7.79 %
ROE	11.4 %
Face Value	₹ 10.0
Debt to equity	7.80
Debt Capacity	-1.86
Debt preceding year	₹ 2,01,682 Cr.
Debt	₹ 2,01,682 Cr.
Reserves	₹ 19,229 Cr.
EPS	₹ 4.16
EPS last year	₹ 4.16
Pledged percentage	0.00 %
FCF Prev Ann	₹ 2,383 Cr.
EVEBITDA	13.6
Industry PE	11.3
PEG Ratio	0.64
Piotroski score	5.00
Earnings yield	7.32 %

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IDFC First Bank Quarterly Results

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	4,429	4,554	4,922	5,470	5,912	6,424	6,869	7,356	7,880	8,220
Interest	1,849	1,884	2,170	2,467	2,626	2,827	3,122	3,406	3,592	3,750
Expenses	2,958	3,031	2,957	3,304	3,612	3,901	4,114	4,377	4,874	5,164
Financing Profit	-378	-361	-205	-301	-326	-303	-367	-427	-587	-694
Financing Margin %	-9%	-8%	-4%	-6%	-6%	-5%	-5%	-6%	-7%	-8%
Other Income	769	831	856	1,061	1,152	1,398	1,364	1,410	1,517	1,642
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit before tax	391	470	650	760	827	1,094	996	983	930	948
Tax %	26%	25%	25%	25%	25%	25%	27%	24%	21%	23%
Net Profit	290	352	485	567	617	816	732	747	732	732
EPS in Rs	0.47	0.57	0.78	0.91	0.99	1.23	1.10	1.11	1.04	1.04
Gross NPA %
Net NPA %

Profit & Loss

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Revenue	8,578	9,098	12,204	16,240	15,968	17,173	22,728	30,325
Interest	6,515	7,126	8,743	10,228	8,585	7,465	10,091	13,870
Expenses	1,432	1,789	4,702	9,760	8,733	12,323	13,338	18,529
Financing Profit	631	184	-1,241	-3,748	-1,350	-2,615	-701	-2,075
Financing Margin %	7%	2%	-10%	-23%	-8%	-15%	-3%	-7%
Other Income	1,019	1,120	824	1,722	2,211	3,173	4,467	5,932
Depreciation	136	168	2,820	320	343	382	435	0
Profit before tax	1,514	1,135	-3,237	-2,346	519	175	3,331	3,857
Tax %	30%	16%	41%	-21%	7%	24%	25%	24%
Net Profit	1,019	880	-1,908	-2,843	483	132	2,485	2,942
EPS in Rs	3.00	2.58	-3.99	-5.91	0.85	0.21	3.75	4.16
Dividend Payout %	25%	29%	0%	0%	0%	0%	0%	0%

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM (Trailing Twelve Months)
Compounded Sales Growth	–	20%	24%	33%
Compounded Profit Growth	–	29%	85%	18%
Stock Price CAGR	–	13%	12%	17%
Return on Equity (ROE)	–	3%	8%	11% (Last Year)

IDFC First Bank Shareholding Pattern

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoter Ownership (%)	52.80%	40.00%	40.00%	39.98%	36.49%	39.99%	37.43%
FII Holding (%)	14.84%	13.50%	13.56%	11.88%	13.48%	19.31%	23.65%
DIIs Holding (%)	7.97%	4.02%	4.41%	11.23%	9.58%	7.69%	6.79%
Government Holding (%)	7.68%	5.47%	5.43%	4.61%	4.20%	3.98%	3.72%
Public Holding (%)	16.70%	37.01%	36.59%	32.31%	36.24%	29.05%	28.38%
No. of Shareholders	6,12,565	7,42,369	8,79,695	11,83,362	15,68,958	17,07,479	26,11,512

IDFC First Bank Share Price Target 2024-2030

Year	Lower Targets	Higher Targets
2024	₹98	₹105
2025	₹120	₹128
2026	₹142	₹154
2027	₹165	₹183
2028	₹187	₹212
2029	₹209	₹236
2030	₹232	₹263

IDFC First Bank Share Price Target 2025

Month	Lower Targets	Higher Targets
January	₹99	₹106
February	₹100	₹105
March	₹98	₹103
April	₹100	₹107
May	₹10	₹109
June	₹104	₹111
July	₹108	₹115
August	₹112	₹119
September	₹116	₹121
October	₹117	₹124
November	₹119	₹125
December	₹120	₹128

IDFC First Bank Share Price Target 2026

Month	Lower	Higher
January	₹121	₹130
February	₹112	₹121
March	₹121	₹128
April	₹122	₹131
May	₹124	₹133
June	₹126	₹136
July	₹131	₹140
August	₹134	₹144
September	₹138	₹147
October	₹139	₹150
November	₹141	₹153
December	₹142	₹154

IDFC First Bank Share Price Target 2027

Month	Lower Targets	Higher Targets
January	₹144	₹155
February	₹145	₹156
March	₹143	₹155
April	₹145	₹159
May	₹147	₹159
June	₹148	₹162
July	₹153	₹168
August	₹157	₹172
September	₹161	₹174
October	₹162	₹179
November	₹164	₹179
December	₹165	₹183

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IDFC First Bank Share Price Target 2028

Month	Lower Targets	Higher Targets
January	₹167	₹184
February	₹167	₹186
March	₹166	₹184
April	₹168	₹187
May	₹169	₹191
June	₹172	₹191
July	₹175	₹196
August	₹180	₹203
September	₹183	₹206
October	₹184	₹207
November	₹186	₹209
December	₹187	₹212

IDFC First Bank Share Price Target 2029

Month	Lower Targets	Higher Targets
January	₹193	₹220
February	₹184	₹209
March	₹177	₹194
April	₹180	₹197
May	₹175	₹201
June	₹182	₹195
July	₹185	₹199
August	₹189	₹203
September	₹193	₹216
October	₹194	₹227
November	₹200	₹229
December	₹209	₹236

IDFC First Bank Share Price Target 2030

Month	Lower Targets	Higher Targets
January	₹215	₹240
February	₹207	₹229
March	₹196	₹220
April	₹208	₹222
May	₹209	₹230
June	₹212	₹241
July	₹215	₹246
August	₹220	₹250
September	₹223	₹256
October	₹227	₹257
November	₹230	₹259
December	₹232	₹263

Points Before Investing in IDFC First Bank Stock

• The IDFC First Bank NSE stock has been recommended “Buy” by broker BOBCAPS Research, and the IDFC First Bank Share Price Target is Rs 96. According to the BOBCAPS Brokerage form, they are counting on IDFC First Bank’s efficiency.
• The IDFC First Bank Share Price Target has been established by market expert Anand Rathi at Rs 107 in January 2024. IDFC First Bank provides investment income in addition to credible interest and discounts on bills. IDFC First Bank net benefit in the monetary year 2023, quarter three is Rs 726 crores, an increment of 18% YOY.
• In addition, IDFC First Bank’s non-performing assets decreased from 1.03 percent year-over-year in the third quarter to 0.68 percent.
• In the third quarter of the fiscal year 2023, the IDFC First Bank’s net interest income also increased by 30% (YOY) to Rs 4,287 billion. In addition, IDFC First Bank’s operating income increased by 31% year-over-year to Rs 4,402 crore in the same quarter.

Final Words

Since its 2015 listing, IDFC First Bank’s share price on the National Stock Exchange has been extremely inconsistent. Going through the IDFCFIRSTB NSE stock throughout recent years, it is exceptionally evident that the IDFC First Bank Offer hasn’t been capable to offer incredible re-visitations of its drawn out financial backers as the stock has seen a meager development of just 11.87% beginning around 2015. The IDFC First Bank share price has increased by 42.57 percent, from Rs 55 per share on March 17 to Rs 78.70 per share on March 16, 2024. The lender stock may have reaped reasonable benefits from the IDFC Ltd and IDFC First Bank merger that took place in December of the previous year.