IDFC FIRST BANK LIMITED
IDFC First Bank Limited provides various banking and financial services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business segments. The company offers treasury and forex solutions, including correspondent banking, FX, cross-border swift, government bonds and strips, liberalized remittance scheme, and external commercial borrowing solutions, as well as treasury solutions comprising forwards, options, and swaps. It also provides retail lending solutions, such as home loans, vehicle loans, consumer loans, education loans, personal loans, used car loans, gold loans, rural finance, and tractor finance; SME lending solutions that consist of loan against property, business banking, working capital loans, commercial vehicle loans, micro enterprise loans, trade advance, and startup banking; CASA and fixed deposits, which include current accounts, savings accounts, fixed deposits, nostro/vostro accounts, overdrafts, corporate salary accounts, accounts for ONDC, and escrow account; and NRI Banking that comprises NRE accounts, NRO accounts, seafarer accounts, FCNR deposits, and NRE/NRO deposits. In addition, the company offers wealth management and distribution solutions, including distribution of life insurance, general insurance, credit shield, health insurance, mutual funds, and AIFs; credit cards; and FASTag, such as tag issuer, toll acquirer, toll, parking, and fuel solutions. Further, it provides trade finance solutions that consist of letters of credit and discounting, bank guarantee, buyer's credit/SBLC, parking credit in foreign currency and INR, remittances, and pre and post shipment finance; supply chain financing; and transaction banking and CMS solutions. The company was formerly known as IDFC Bank Limited and changed its name to IDFC First Bank Limited in January 2019. IDFC First Bank Limited was founded in 1997 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+11.4%); Mar the lowest (-7.8%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.4%Negative MonthJan 2026: -2.42% | -12.1%Negative MonthFeb 2026: -12.05% | -20.0%Negative MonthMar 2026: -19.95% | +18.4%Positive MonthApr 2026: +18.40% | +2.6%Positive MonthMay 2026: +2.56% | +11.3%Positive MonthJun 2026: +11.34% | +7.8%*Positive MonthJul 2026: +7.85% | β | β | β | β | β |
| 2025 | +0.1%Neutral MonthJan 2025: +0.14% | -7.6%Negative MonthFeb 2025: -7.59% | -6.0%Negative MonthMar 2025: -5.97% | +18.1%Positive MonthApr 2025: +18.09% | +4.8%Positive MonthMay 2025: +4.84% | +7.0%Positive MonthJun 2025: +7.04% | -5.6%Negative MonthJul 2025: -5.60% | -1.1%Neutral MonthAug 2025: -1.08% | +2.6%Positive MonthSep 2025: +2.57% | +17.2%Positive MonthOct 2025: +17.23% | -2.0%Negative MonthNov 2025: -2.01% | +6.9%Positive MonthDec 2025: +6.85% |
| 2024 | -5.2%Negative MonthJan 2024: -5.21% | -3.9%Negative MonthFeb 2024: -3.87% | -6.9%Negative MonthMar 2024: -6.93% | +9.0%Positive MonthApr 2024: +8.97% | -7.0%Negative MonthMay 2024: -6.98% | +7.5%Positive MonthJun 2024: +7.48% | -7.5%Negative MonthJul 2024: -7.50% | -2.8%Negative MonthAug 2024: -2.82% | +0.7%Neutral MonthSep 2024: +0.70% | -11.3%Negative MonthOct 2024: -11.31% | -2.9%Negative MonthNov 2024: -2.90% | -1.4%Neutral MonthDec 2024: -1.39% |
| 2023 | -1.1%Neutral MonthJan 2023: -1.11% | -5.2%Negative MonthFeb 2023: -5.16% | -0.2%Neutral MonthMar 2023: -0.24% | +11.9%Positive MonthApr 2023: +11.90% | +16.0%Positive MonthMay 2023: +16.05% | +11.1%Positive MonthJun 2023: +11.13% | +9.8%Positive MonthJul 2023: +9.81% | +7.1%Positive MonthAug 2023: +7.05% | +2.3%Positive MonthSep 2023: +2.35% | -13.4%Negative MonthOct 2023: -13.42% | +3.1%Positive MonthNov 2023: +3.10% | +4.2%Positive MonthDec 2023: +4.25% |
| 2022 | -3.2%Negative MonthJan 2022: -3.21% | -9.9%Negative MonthFeb 2022: -9.94% | -5.9%Negative MonthMar 2022: -5.93% | -0.3%Neutral MonthApr 2022: -0.25% | -8.2%Negative MonthMay 2022: -8.22% | -13.4%Negative MonthJun 2022: -13.36% | +19.4%Positive MonthJul 2022: +19.40% | +30.8%Positive MonthAug 2022: +30.76% | +1.3%Neutral MonthSep 2022: +1.32% | +12.8%Positive MonthOct 2022: +12.76% | +4.5%Positive MonthNov 2022: +4.46% | +0.3%Neutral MonthDec 2022: +0.34% |
| 2021 | β | β | β | β | β | -8.4%Negative MonthJun 2021: -8.37% | -4.1%Negative MonthJul 2021: -4.06% | -17.5%Negative MonthAug 2021: -17.50% | +11.1%Positive MonthSep 2021: +11.07% | +4.0%Positive MonthOct 2021: +3.99% | -10.0%Negative MonthNov 2021: -9.99% | +8.4%Positive MonthDec 2021: +8.41% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ36.50 K Cr | β | βΉ1.52 K Cr | β | β | β | 20.4% | -48.4% |
| Mar 2024 | βΉ30.32 K Cr | β | βΉ2.96 K Cr | β | β | β | 33.4% | 21.3% |
| Mar 2023 | βΉ22.73 K Cr | β | βΉ2.44 K Cr | β | β | β | 32.3% | 1580.7% |
| Mar 2022 | βΉ17.17 K Cr | β | βΉ145.00 Cr | β | β | β | 7.5% | -67.9% |
| Mar 2021 | βΉ15.97 K Cr | β | βΉ452.00 Cr | β | β | β | -2.1% | -115.8% |
| Mar 2020 | βΉ16.31 K Cr | β | βΉ-2864.00 | β | β | β | 36.5% | 47.3% |
| Mar 2019 | βΉ11.95 K Cr | β | βΉ-1944.00 | β | β | β | 33.8% | -326.3% |
| Mar 2018 | βΉ8.93 K Cr | β | βΉ859.00 Cr | β | β | β | 4.7% | -15.8% |
| Mar 2017 | βΉ8.53 K Cr | β | βΉ1.02 K Cr | β | β | β | 133.8% | 118.4% |
| Mar 2016 | βΉ3.65 K Cr | β | βΉ467.00 Cr | β | β | β | β | -15666.7% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2015 6m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 3,649 | 8,533 | 8,930 | 11,948 | 16,308 | 15,968 | 17,173 | 22,728 | 30,322 | 36,501 | 38,335 |
| Finance Costs | 0 | 2,802 | 6,515 | 7,132 | 8,749 | 10,232 | 8,588 | 7,467 | 10,092 | 13,872 | 17,210 | 18,480 |
| Total Expenses | 3 | 494 | 1,425 | 1,725 | 4,534 | 9,871 | 8,786 | 12,380 | 13,410 | 17,979 | 23,593 | 25,858 |
| Financing Profit | -3 | 353 | 592 | 73 | -1,335 | -3,795 | -1,406 | -2,674 | -775 | -1,528 | -4,301 | -6,003 |
| Financing Margin % | - | 10% | 7% | 1% | -11% | -23% | -9% | -16% | -3% | -5% | -12% | -16% |
| Other Income | 0 | 403 | 1,013 | 1,118 | 852 | 1,722 | 2,211 | 3,222 | 4,467 | 6,002 | 7,022 | 7,794 |
| Depreciation & Amortisation | 0 | 41 | 134 | 163 | 2,813 | 305 | 329 | 373 | 425 | 618 | 820 | 0 |
| Profit Before Tax | -3 | 716 | 1,471 | 1,027 | -3,295 | -2,379 | 476 | 175 | 3,267 | 3,855 | 1,900 | 1,791 |
| Tax % | 0% | 35% | 31% | 16% | -41% | 20% | 5% | 17% | 25% | 23% | 20% | - |
| Net Profit / PAT | -3 | 467 | 1,020 | 859 | -1,944 | -2,864 | 452 | 145 | 2,437 | 2,957 | 1,525 | 1,458 |
| EPS (βΉ) | -516 | 1.38 | 3 | 2.52 | -4.07 | -5.95 | 0.80 | 0.23 | 3.68 | 4.18 | 2.08 | 1.99 |
| Dividend Payout % | 0% | 18% | 25% | 30% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| IDFC FIRST BANK LIMITEDthis co. | βΉ71.32 K Cr | βΉ36.50 K Cr | 48.90 | 1.32 | 0.00 | 20.4% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| ICICI Bank Ltd. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | β | 14.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |
