IDFC First Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030

idfc first bank share price target

IDFC First Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030 | The target price of IDFC Fist bank for this year 2023 is Rs.102, for year 2025 will be Rs.180 to Rs.210 and for year 2030 will may reach in range of Rs.520 to Rs.600

IDFC First Bank Share Price Target from year 2023 to 2030

Brief overview of IDFC First Bank

IDFC First Bank is a leading private sector bank in India that offers a wide range of financial products and services to its customers. The bank was established in the year of 2018 after the merger of Erstwhile IDFC Bank and Erstwhile Capital First on 18th December. Since then, IDFC First Bank has become one of the fastest-growing banks in the country.

This New born bank has renewed more focus on its retails business along with the corporate banking. In this segment they are offering services related to savings and current accounts, fixed deposits, loans, credit cards, and wealth management services. In corporate banking sector they provide services like working capital loans, term loans, trade finance, cash management, and foreign exchange services.

IDFC Fist bank uses its best technology from the old IDFC Bank and using data analysis to make better lending decisions. Their investment is biased on digitalization of technologies to improve the customer’s experience and offerings of new products and services. IDFC first bank was the first bank in India to introduce a fully digital saving account opening process.

The merger made IDFC FIRST Bank stronger financially and better prepared for the future. They now have more asset funds of more than 110400 crores to lend to people, and they are earning more money around 1.9% to 3.0% from charging interest on those loans.

Key takeaways

  • IDFC First Bank share price returns over the past years has been average, nothing exciting. Share price seems overvalued when compared to market average.
  • The financial growth of IDFC First Bank is lagging behind the market, but the profitability and efficiency is showing good signs, the stock is underpriced but is in the overbought zone.
  • Based on track record of the company and financial data we have estimated target share price of IDFC First Bank in the article. So IDFC First Bank Share Price Target 2025 will be, 1st target – Rs.180 and 2nd will be Rs.210 and by 2030 it may reach at around Rs.520 to Rs.600
  • India’s banking sectors growth has given better returns in recent year, IDFC First Bank has given over 60% returns in last one year to its investor.

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IDFC First Banks’s stock performance in past 6 months

In past 6 months IDFC First bank share has been increased by 11.64% which is resulted the returns of around 60% for last one year.

IDFC First Banks’s fundamentals

Current Market Capitalization: The current market cap of IDFC First Bank is Rs.42223.62 crores as of 5th May 2023.

P/E Ratio: The current price to earnings ratio of IDFC First Bank is 17.09 against the sector P/E ratio of 19.46.

Shareholding pattern: In last 6 month, promotor holding in the company has increased by 3.52% but there is decease in mutual fund holding by 1.30% in last 3 months.

Revenue and Profit Growth: For Financial year 2022-23 revenue has gone up by 27.20% and profit margin is up by 2.48% which is good as compared to previous year.

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IDFC First Bank current financial standing

IDFC Fist bank declared a PAT of Rs.2437 crore in FY23, Banks has earned total interest of Rs.1717 crores in total year Financial year 2022-2023 on over Rs.994.58 crores loans given to multiple borrowers.

IDFC Bank has recorded strong financial results in FY22-23. The retail loans with Gross NPA of 1.65% and Net NPA of 0.55% as of March 31, 2023. Overall Gross NPA including infrastructure is 2.51% and Net NPA is 0.86%.

IDFC First Bank Share Price Target chart
IDFC First Bank Share monthly chart

IDFC First Bank Share Price Prediction 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030

Year  First targetSecond target
IDFC First Bank Share Price Target 2023102120
IDFC First Bank Share Price Target 2024130150
IDFC First Bank Share Price Target 2025180210
IDFC First Bank Share Price Target 2026240290
IDFC First Bank Share Price Target 2027320340
IDFC First Bank Share Price Target 2028390400
IDFC First Bank Share Price Target 2029420480
IDFC First Bank Share Price Target 2030520600
IDFC First Bank Share Price Target from year 2023 to 2030

IDFC First Bank Share Price Target 2025

IDFC First Bank provides following services like bank accounts both savings and current, fixed deposits, They provides loans as home loans, auto loans, consumer loans, small business loans, gold loans, education loans along with that they provide corporate banking, cash management solutions, FASTag, wealth management. So their product basket is huge and chances of profitability is increases. So IDFC share price target for year 2025 will be Rs.180 to Rs.110

IDFC First Bank Share Price Target 2030

After the merger, IDFC FIRST Bank has transferred its focus from infrastructure to retail banking, which increased CASA ratio from 8.6% to 49.77% (March 31, 2023) and increased retail deposits from 27% to 76% of total deposits, and it also sets the 809 branches and 925 ATMs across the country. These growth prospects will lead the IDFC share price targets in year 2030 to around Rs.520 to Rs.600

To attract the customers they improvised strategies for their essential services on on savings accounts including for ATM cash withdrawals, IMPS, RTGS, NEFT, Cash Deposits and Cash withdrawals at branches, SMS Alerts, Cheque book, Demand Drafts, Pay-order, duplicate statements, etc.

IDFC Bank provide unique features like lifetime free credit card, rewards points with unlimited validity, zero interests on cash withdrawal at ATMs, to target the customer encouragement to use their services rather than other banks.

Risks and challenges

The main challenge in front of IDFC First Bank to sustain into the current market competition as India banking sector is growing with its growth in economy, so many strong players including private and government banks have already built their strong base in the sector.

As banking mainly revolves around people’s hard earned money, trust is the main key point here to grow the customer base in this sector. And if any news or negative sentiment about the bank may cause the drastic down into their profitability.

Indian Banking sector is highly governed by Reserve bank of India, it governs closely the actions of private banks to maintain the economy to work properly. Government’s announcement of change is policy and regulations like increase in interest rates will have high impact on the overall banking sector.

IDFC First Bank Share For Long Term – Good or Bad

IDFC First Bank is one of emerging name in India’s Banking sector with its huge growth potential it will have very strong positional growth. The management is working towards new developments to increase the growth of business.

If you are a long term investor and interested to invest in banking sector, looking at the previous financial performances over the years and fundamentals of the IDFC First Bank can be considered the good bet.

Also note that, before investing you should study and analysis about the company and suggestions from your financial advisor would results in better rewards.

What is the target of IDFC First Bank in 2030?

For IDFC First Bank Share price target for year 2030 will be, first target is Rs.520 and second target is Rs.600

Is IDFC FIRST Bank good for long term investment?

If you are a long term investor and interested to invest in banking sector, looking at the previous financial performances over the years and fundamentals of the IDFC First Bank can be considered the good bet.

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