IDFC First Bank
- Market cap
- ₹ 62,378 Cr.
- P/E
- 21.1x
- P/B
- 1.36x
- 52-week range
- 58.08 – 89.61
- ROE
- 4%
- Dividend yield
- 0.3%
- Debt / equity
- 0.8
- Sector
- Banks
- Industry
- Private Sector Bank
- Listed on
- NSE, BSE
About
IDFC FIRST Bank Limited (the Bank) is a universal bank. The Bank offers end-to-end corporate banking, trade finance, such as issuance of Letters of credit and Bank Guarantees, packing credit, pre-shipment and post-shipment finance, including risk hedging solutions like forwards, swaps, options, and other forex solutions, wealth management, cash management, nostro and vostro account operations, Escrow facilities, correspondent banking, toll-acquiring, dealer finance and purchase/sales invoice discounting. Its treasury segment primarily consists of the Bank’s investment portfolio, money market borrowing and lending, investment operations and the foreign exchange and derivatives portfolio of the Bank. Its corporate/wholesale banking segment provides loans, non-fund facilities, treasury products, and transaction services. Its retail banking segment lends to individual / business banking customers. Its other banking business segment includes the distribution of third-party products.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Private Sector Bank: 20 companies →IDFC First Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)21.1 against a typical 12.2: pricier than most peers (1st = cheapest).18th of 20
- Sales growth+20% against a typical +16.2% from a year earlier.5th of 20
- Profit growth+196.9% against a typical +34.9% from a year earlier.1st of 19
- Share price, 3 months−13.4% against a typical −3.9%.17th of 20
- Size₹ 62,378.1 Cr. market value against a typical ₹ 32,210 Cr. (1st = largest).6th of 17
Latest announcements
Exchange filings and their impact on the company.
- Granted 9.8m employee stock options (~0.11% dilution) vesting over 4 years; negligible near-term financial impact.
IDFC First Bank's Nomination and Remuneration Committee on October 21, 2026 granted 98 lakh stock options to new joiners and eligible employees, excluding executive board members. The options vest equally over 4 years (25% each year) with a 3-month exercise window after each vesting. The grant is small at about 0.11% of shares outstanding and is aimed at rewarding and retaining talent, with only a marginal impact on profit and EPS over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA+ | Stable | 16 Oct 2026 |
| CARE | Withdrawn | Stable | 29 Sep 2026 |
| ICRA | [ICRA]AA+ | Stable | 15 May 2026 |
| India Ratings | Withdrawn | Stable | 9 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 16 Oct 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 2,13,000 Cr. | |
| 29 Sep 2026 | Withdrawn | was CARE AA+ | — | CARE | — | |
| 15 May 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 15,543.7 Cr. | |
| 2 Mar 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 2,13,000 Cr. | |
| 9 Dec 2025 | Withdrawn | was IND AA+ | — | India Ratings | ₹ 27,629 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 24 Oct 2026 | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2026 |
| 25 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 25 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 31 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 18 Oct 2025 | Financial Results | IDFC FIRST BANK LIMITED has informed the Exchange about Board Meeting to be held on 18-Oct-2025 to inter-alia consider and approve the Unaudited financial results for the quarter and half year ended September 30, 2025. |
| 26 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,879 | 8,219 | 8,789 | 8,957 | 9,343 | 9,413 | 9,642 | 9,937 | 10,417 | 10,553 | 11,051 | 11,922 |
| Interest | 3,593 | 3,750 | 4,094 | 4,169 | 4,441 | 4,506 | 4,709 | 4,824 | 4,925 | 4,876 | 5,079 | 5,737 |
| Expenses | 4,895 | 5,169 | 5,426 | 6,285 | 6,261 | 6,441 | 6,580 | 6,576 | 6,982 | 7,118 | 6,873 | 7,079 |
| Financing Profit | −609 | −700 | −731 | −1,497 | −1,359 | −1,534 | −1,647 | −1,463 | −1,490 | −1,441 | −901 | −894 |
| Financing Margin % | −8% | −9% | −8% | −17% | −15% | −16% | −17% | −15% | −14% | −14% | −8% | −8% |
| Other Income | 1,517 | 1,642 | 1,619 | 1,727 | 1,780 | 1,895 | 2,227 | 1,891 | 2,125 | 1,630 | 2,309 | 2,296 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 908 | 942 | 888 | 230 | 421 | 361 | 580 | 428 | 635 | 189 | 1,409 | 1,402 |
| Tax % | 21% | 23% | 23% | 13% | 19% | 16% | 20% | 18% | 21% | −68% | 24% | 25% |
| Net Profit | 716 | 724 | 681 | 201 | 339 | 304 | 463 | 352 | 503 | 319 | 1,075 | 1,045 |
| EPS in Rs | 1.01 | 1.02 | 0.96 | 0.27 | 0.46 | 0.42 | 0.63 | 0.48 | 0.58 | 0.37 | 1.25 | 1.21 |
| Gross NPA % | 2% | 1.9% | 1.9% | 1.9% | 1.9% | 1.9% | 2% | 1.9% | 1.7% | 1.6% | 1.5% | 1.3% |
| Net NPA % | 0.7% | 0.6% | 0.6% | 0.5% | 0.5% | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 27%
- 5 Years
- 20%
- 3 Years
- 21%
- TTM
- 15%
- 10 Years
- 13%
- 5 Years
- 30%
- 3 Years
- −12%
- TTM
- 102%
- 10 Years
- −1%
- 5 Years
- 8%
- 3 Years
- −6%
- TTM
- —
- 10 Years
- 3%
- 5 Years
- 6%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| IDFC First Bank | ₹ 73.38 | ₹ 62,378 Cr. | 21.1x | 1.4x | 4% | — |
| HDFC Bank | ₹ 692.10 | ₹ 10,66,990 Cr. | 16.5x | 2.2x | 13.7% | 25.6% |
| ICICI Bank | ₹ 1,395.00 | ₹ 10,01,336 Cr. | 19.3x | 2.9x | 16% | 25.9% |
| State Bank of India | ₹ 957.00 | ₹ 8,83,384 Cr. | 11.8x | 1.6x | 15.4% | 21.4% |
| Kotak Mahindra Bank | ₹ 430.10 | ₹ 4,27,849 Cr. | 20.2x | 2.1x | 11.4% | 24.5% |
| Union Bank of India | ₹ 178.50 | ₹ 1,36,260 Cr. | 6.6x | 1x | 15.8% | 33.2% |
Management
- V. Vaidyanathan
- Chief Executive Officer, Managing Director, Executive Director
- Sudhanshu Jain
- Chief Financial Officer, Head - Corporate Centre
- Neerav Maniar
- Chief Compliance Officer
- Pradeep Natarajan
- Whole-Time Director (Additional Director)
- Nitin Chauhan
- Chief Information Security Office
- Satish Ashok Gaikwad
- Company Secretary, Head - Legal
Prices are delayed and for information only. Nothing on this page is investment advice.