TrueCAGR
IDFC FIRST BANK LIMITED · Research view

IDFC FIRST BANK LIMITED

NSE: IDFCFIRSTBBSE: 539437ISIN INE092T01019Face value ₹10standalone
₹80.32
−1.39% · 2026-10-01 · 52-wk ₹59–₹88
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis

What stands out?

The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.

StrengthConcernWatchContext
Concern

Less profitable than peers

ROE of 3.8% is below the private sector bank median of 11.4%.

Importance 55 / 95 · profitability

Watch

Credit cost running high

Provisions ran at 2.1% of advances this year — above a through-cycle norm of roughly 0.8–1.2%.

Importance 38 / 95 · financial health

Concern

Net interest margin compressing

Net interest margin fell from 6.0% to 5.7% year on year.

Importance 38 / 95 · profitability

Section 03 · The company

Who is this company?

Classified by the exchange under Financial Services › Financial Services › Banks › Private Sector Bank.

Market cap
₹69,089 cr
FY2026 total income
₹48,422 cr
FY2026 net profit
₹1,636 cr
Net worth
₹47,352 cr
Advances
₹2,80,391 cr
EPS (basic)
₹1.93
Listed
NSE · BSE
Reporting
Banking (Sch. III)Apr–Mar

Peer set used on this page: 8 private sector bank.

Section 04 · Business performance

Is the business growing?

Total income & net profit — FY19 to FY26₹ crore · consolidated
₹'000 cr013253850023TOTAL INCOMENET PROFIT13k-1,944FY1918k-2,864FY2018k452FY2120k145FY2227k2,437FY2336k2,957FY2444k1,525FY2548k1,636FY26
Total incomeNet profit
Advances & deposits — FY19 to FY26₹ crore · consolidated
0k100k200k300k86k70kFY1986k65kFY201.01L89kFY211.18L1.06LFY221.52L1.45LFY231.95L2.01LFY242.33L2.52LFY252.80L2.94LFY26
Advances (loans)Deposits
Strength

Advances grew 20.3% year on year (FY2025 → FY2026).

Rule BANK_LOAN_GROWTH_STRONG

Advances growth per year
+18.3%over 7 years
Advances growth
+20.3%vs last year
Deposits growth
+16.8%vs last year
Net profit growth
+7.3%vs last year
Section 05 · Recent activity

What changed recently?

Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.

Strength

Q1 FY27 net profit was ₹1,148 cr, up 153.1% from ₹453 cr a year earlier.

Rule QTR_PROFIT_GROWTH_YOY

Strength

Q1 FY27 net profit grew 153.1% while total income grew 12.6% vs the same quarter last year — a gap of 140.6 percentage points.

Rule QTR_PROFIT_VS_REVENUE_GROWTH

Strength

Q1 FY27 net margin was 8.6%, up 4.77 percentage points from 3.8% a year earlier.

Rule QTR_MARGIN_CHANGED_YOY

A. Quarterly results

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated
₹'000 cr05101520012TOTAL INCOMENET PROFIT11k212Q2 '2511k340Q3 '2511k296Q4 '2512k453Q1 '2612k348Q2 '2613k479Q3 '2612k331Q4 '2613k1,148Q1 '27
Total incomeNet profit
QuarterTotal incomeYoYNet profitYoY
Q2 FY2510,684—212—
Q3 FY2511,123+18.4%340−53.5%
Q4 FY2511,308+14.7%296−59.6%
Q1 FY2611,869+14.5%453−29.4%
Q2 FY2611,828+10.7%348+64.1%
Q3 FY2612,542+12.8%479+40.7%
Q4 FY2612,183+7.7%331+11.9%
Q1 FY2713,361+12.6%1,148+153.1%

B. TTM snapshot

Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters

Total income
₹49,914 crTTM
PBT
₹2,717 crTTM
Net profit
₹2,305 crTTM

C. Corporate actions

7 Aug 2026DividendFinal Dividend - Rs. - 0.2500 — ₹0.25/share
11 Jul 2025DividendDividend - Rs. - 0.2500 — ₹0.25/share
23 Jul 2018DividendFinal Dividend - Rs. - 0.7500 — ₹0.75/share
20 Jul 2017DividendDividend - Rs. - 0.7500 — ₹0.75/share
19 Jul 2016DividendDividend - Rs. - 0.2500 — ₹0.25/share
Section 06 · Business performance

Is it becoming more profitable?

Net interest margin & ROE — FY19 to FY26% · consolidated
0%1%2%3%4%5%6%7%-20%-11.3%-2.5%6.3%15%5.7%FY19FY20FY21FY22FY23FY24FY25FY26
Net interest margin (left)Return on equity (right)
Concern

ROE of 3.8% is below the private sector bank median of 11.4%.

Rule ROE_BELOW_PEER_MEDIAN

NIM FY2026
5.71%
Cost-to-income
75.2%
ROE FY2026
3.8%
ROA FY2026
0.44%

Net interest margin fell from 6.0% to 5.7% year on year.

Section 07 · Financial health

Is financial health improving?

Asset quality — gross & net NPA, FY19 to FY26% of advances · lower is better
0%1%2%3%4%5%1.6%0.5%FY19FY20FY21FY22FY23FY24FY25FY26
Gross NPA %Net NPA %
Watch

Provisions ran at 2.1% of advances this year — above a through-cycle norm of roughly 0.8–1.2%.

Rule BANK_CREDIT_COST_ELEVATED

Net worth — FY19 to FY26₹ crore · consolidated
₹'000 cr017335018kFY1915kFY2018kFY2121kFY2226kFY2332kFY2438kFY2547kFY26
Net worth (capital + reserves)
Gross NPA FY2026
1.61%
Net NPA
0.48%
Credit cost
2.09%of advances
Credit / deposit
95%
Section 08 · Relative position

How does it compare with peers?

Ranked against 8 private sector bank (FY2026, consolidated). No peer-relative rule fired for this company.

Return on equity

IDFCFIRSTB · 7th of 8 · set median 11.4%

ICICIBANK15.3%HDFCBANK13.8%AXISBANK13.2%KOTAKBANK11.4%FEDERALBNK11.4%YESBANK7.1%IDFCFIRSTB3.8%INDUSINDBK1.4%

P/E ratio

IDFCFIRSTB · 7th of 8 · set median 16.9×

AXISBANK13.6×HDFCBANK14.0×FEDERALBNK16.7×ICICIBANK16.7×YESBANK17.2×KOTAKBANK20.6×IDFCFIRSTB30.0×INDUSINDBK51.8×
P / E
30.0×TTM to Jun 26
P / B
1.5×latest book
P / S
1.4×TTM sales
Earnings yield
3.3%TTM to Jun 26

On the trailing twelve months. Last full year: P/E 42.9× · P/S 1.4× · ROE 3.8%. TTM and full-year profit differ by more than 15% — a one-off in a recent quarter is moving the trailing figure; weigh it against the full year.

Section 09 · The stock

How has the stock performed?

Adjusted close — 2020-01 to 2026-10₹ per share · split / bonus adjusted
0k₹802020202120222023202420252026

Long-term price performance is shown above.

1-year return
+16.4%
3-year return
−15.9%
5-year return
+69.6%
From 52-wk high
−8.6%
Section 10 · Technical data

What does the technical data say?

Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.

vs 50-day avg
Below₹85
vs 200-day avg
Above₹78
RSI (14)
38.5neutral
MACD histogram
-0.7
From 52-wk high
−8.6%
From 52-wk low
+36.5%
30-day volatility
27.8%ann.
6-month return
+36.5%
RSI (14) · 0–10038.5 — neutral
0305070100OVERSOLDOVERBOUGHT38.5
Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

  • Concern
    Less profitable than peers
    ROE of 3.8% is below the private sector bank median of 11.4%.
    ROE_BELOW_PEER_MEDIAN · conviction 55
  • Watch
    Credit cost running high
    Provisions ran at 2.1% of advances this year — above a through-cycle norm of roughly 0.8–1.2%.
    BANK_CREDIT_COST_ELEVATED · conviction 38
  • Concern
    Net interest margin compressing
    Net interest margin fell from 6.0% to 5.7% year on year.
    BANK_NIM_COMPRESSED_YOY · conviction 38
  • Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference

The numbers

The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.

Income & balance sheet — ₹ crore, consolidated
MetricFY19FY20FY21FY22FY23FY24FY25FY26
Total income12,88717,58918,22220,39527,19536,32543,52348,422
Interest earned11,94815,86715,96817,17322,72830,32336,50140,549
Interest expended8,74910,2328,5887,46710,09213,87217,21019,334
Net interest income3,1995,6357,3809,70612,63516,45119,29221,215
Pre-provision operating profit8501,9372,5413,2844,9326,2377,4157,211
Provisions & contingencies1,5464,3152,0653,1091,6652,3825,5155,379
Profit before tax−3,295−2,3794761753,2673,8551,9001,833
Net profit−1,944−2,8644521452,4372,9571,5251,636
EPS (₹)−4.8−6.00.80.23.94.32.11.9
Net worth18,15915,34317,80821,00325,72132,16138,07847,352
Total debt69,98357,39745,78652,96357,21250,93638,97536,621
Advances86,30285,5951,00,5501,17,8581,51,7951,94,5922,33,1132,80,391
Deposits70,47965,10888,6881,05,6341,44,6372,00,5762,52,0652,94,475
Borrowings69,98357,39745,78652,96357,21250,93638,97536,621
Investments58,47545,40545,41246,14561,12474,71080,71685,966
Gross NPAs2,1362,2804,3034,4693,8843,7184,4344,559
Net NPAs1,1078091,8831,8081,3041,1601,2301,346
Operating cash flow——14,0612,6043,60011,32814,3956,915
Key ratios — consolidated
RatioFY19FY20FY21FY22FY23FY24FY25FY26
Growth
Advances growth YoY—-0.817.517.228.828.219.820.3
Deposits growth YoY—-7.636.219.136.938.725.716.8
Profit growth YoY—————21.3-48.47.3
Profitability
Net interest margin %1.93.64.75.55.96.16.05.7
Cost-to-income %79.573.773.674.671.272.271.875.2
Return on equity %-10.7-17.12.70.710.410.24.33.8
Return on assets %-1.2-1.80.30.11.11.10.50.4
Asset quality
Gross NPA %2.42.64.23.72.51.91.91.6
Net NPA %1.30.91.91.50.90.60.50.5
Credit cost %1.85.02.22.81.21.42.62.1
Credit / deposit %122.5131.5113.4111.6104.997.092.595.2
Financials: BSE Integrated Filing inline XBRL (SEBI taxonomy), normalised to standard metric keys. Prices: NSE end-of-day, raw OHLC preserved; a corporate-action factor produces the adjusted series. The insight engine writes factual observations from fixed rules — it does not make recommendations. Not investment advice.