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IDFC First Bank Ltd.
(IDFCFIRSTB)
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Rating:56Neutral
Price Target:
₹82.00
▲(19.67% 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
Sustained revenue growth
Multi-year top-line expansion indicates durable demand and successful customer acquisition across retail and corporate segments. Sustained revenue growth supports scale economics, funds reinvestment in digital and branches, and provides a structural buffer for absorbing credit cycles over the next 2–6 months.
Negative Factors
Softening profitability
Declining net income and compressed operating profit versus prior peaks signal deteriorating earnings quality. Weaker profitability reduces return on equity and limits retained earnings available for growth or loss absorption, challenging the bank's ability to sustainably improve shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Multi-year top-line expansion indicates durable demand and successful customer acquisition across retail and corporate segments. Sustained revenue growth supports scale economics, funds reinvestment in digital and branches, and provides a structural buffer for absorbing credit cycles over the next 2–6 months.
Read all positive factors
IDFC First Bank Ltd. (IDFCFIRSTB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹684.92B
Dividend Yield0.29%
Average Volume (3M)1.00M
Price to Earnings (P/E)39.9
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 Outstanding8,613,226,000
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)4.3
Revenue Forecast (FY)₹348.33B
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 | 21.91B | 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
71.85
Positive
71.61
Positive
75.16
Positive
Market Momentum
2.41
Negative
67.01
Neutral
45.79
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 76.04, below the 50-day MA of 71.85, and below the 200-day MA of 75.16, indicating a bullish trend. The MACD of 2.41 indicates Negative momentum. The RSI at 67.01 is Neutral, neither overbought nor oversold. The STOCH value of 45.79 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 | ₹805.88B | 18.70 | ― | 0.45% | 7.00% | 4.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ₹776.91B | 29.30 | ― | 0.10% | 16.04% | 25.01% | |
67 Neutral | ₹639.65B | 6.20 | ― | 2.87% | 6.51% | 7.94% | |
60 Neutral | ₹759.22B | 21.78 | ― | ― | 0.59% | 42.80% | |
56 Neutral | ₹684.92B | 39.94 | ― | 0.29% | 11.37% | -3.10% | |
48 Neutral | ₹720.27B | 81.00 | ― | 1.95% | -5.11% | -65.49% |
* Financial Sector Average
IN:IDFCFIRSTB
IDFC First Bank Ltd.
79.52
2.53
3.29%
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51.80%
IN:INDUSINDBK
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IN:YESBANK
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18.35%
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...
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.