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IDFCFIRSTB - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.4

Stock Code IDFCFIRSTB Market Cap 70,544 Cr. Current Price 82.0 ₹ High / Low 87.0 ₹
Stock P/E 43.5 Book Value 54.4 ₹ Dividend Yield 0.30 % ROCE 6.23 %
ROE 4.32 % Face Value 10.0 ₹ DMA 50 82.4 ₹ DMA 200 76.0 ₹
Chg in FII Hold 12.1 % Chg in DII Hold -1.95 % PAT Qtr 503 Cr. PAT Prev Qtr 352 Cr.
RSI 44.0 MACD -0.12 Volume 2,84,38,581 Avg Vol 1Wk 3,23,58,576
Low price 52.5 ₹ High price 87.0 ₹ PEG Ratio 0.37 Debt to equity 7.03
52w Index 85.6 % Qtr Profit Var 48.0 % EPS 2.11 ₹ Industry PE 15.8

📊 Core Financials

  • Revenue & Profitability: PAT improved from 352 Cr. to 503 Cr. QoQ (+48%), showing strong growth momentum.
  • Margins: ROE at 4.32% and ROCE at 6.23% remain weak, reflecting limited efficiency and profitability.
  • Debt: Debt-to-equity ratio of 7.03 is very high, indicating significant leverage risk.
  • Cash Flow: Dividend yield of 0.30% is minimal, suggesting reinvestment focus rather than shareholder payouts.

💹 Valuation Indicators

  • P/E Ratio: 43.5 vs Industry PE of 15.8 → highly overvalued compared to peers.
  • P/B Ratio: Current Price (82 ₹) / Book Value (54.4 ₹) ≈ 1.51, moderate valuation.
  • PEG Ratio: 0.37 indicates some growth potential, but valuation remains stretched.
  • Intrinsic Value: Current price appears expensive relative to earnings power.

🏦 Business Model & Competitive Advantage

  • IDFC First Bank focuses on retail banking, consumer loans, and digital expansion.
  • Competitive advantage lies in aggressive retail lending and strong FII interest (+12.1%).
  • However, high leverage and weak profitability metrics limit long-term sustainability.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Safer entry between 70 ₹ – 75 ₹ (near DMA 200 support).
  • Long-Term Holding: Suitable only for aggressive investors betting on retail banking growth. Conservative investors should wait for debt reduction and improved ROE.

✅ Positive

  • Strong quarterly profit growth (+48%).
  • High FII inflows (+12.1%) show institutional confidence.
  • Retail-focused business model with growth potential.

⚠️ Limitation

  • High debt-to-equity ratio (7.03) raises financial risk.
  • Low ROE (4.32%) and ROCE (6.23%) indicate weak returns.
  • Dividend yield of 0.30% offers limited shareholder reward.

📉 Company Negative News

  • Stock trades at a high P/E (43.5), making it expensive compared to peers.
  • DII holdings decreased (-1.95%), showing reduced domestic institutional confidence.

📈 Company Positive News

  • Quarterly PAT surged by 48%, showing strong earnings momentum.
  • FII holdings increased significantly, reflecting global investor interest.

🏭 Industry

  • Banking sector PE at 15.8 indicates overall lower valuations compared to IDFC First Bank.
  • Retail banking growth driven by digital adoption and rising consumer credit demand.
  • Competition from established private banks (HDFC, ICICI) remains strong.

🔎 Conclusion

  • IDFC First Bank shows strong profit growth and rising FII interest, but valuation is stretched.
  • High leverage and weak return ratios pose risks for long-term investors.
  • Best suited for aggressive investors entering near 70–75 ₹, while conservative investors should wait for improved fundamentals.

Would you like me to also create a side-by-side HTML comparison of IDFC First Bank with IDBI to highlight which offers better value in the banking sector?

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