Profit Statement |
Balance Sheet |
Ratios |
Valuation |
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IDFC First Bank has been growing its revenues and asset by 52.1% and 26.2% a year on average in the last 3 years. Its loans and deposits have grown by 23.6% and 105% a year during that time and loans to deposits ratio reached 123% at the end of 2018. The company achieved an average return on equity of 0.558% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 143% in 2018, compared to 92.4% average in the last three years.
Equity represented 10.9% of total assets or 21.1% of loans at the end of 2018. IDFC First Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.
IDFC First Bank stock traded at INR 64.3 per share at the end of 2018 resulting in a market capitalization of USD 3,802 mil. Over the previous three years, stock price fell by 21.5% or 7.76% a year on average. That’s compared to an average ROE of 0.558% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 1.46x in 2018.