Today, we’re going on a journey to explore the estimated IDFC First Bank Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected IDFC First Bank Share Price Target.
As an investor or a beginner interested in IDFC First Bank, it is essential to understand the potential of IDFC First Bank’s share price prediction. We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IDFC First Bank Share price target for 2023, 2025, 2030 to 2050.
Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Overview of IDFC First Bank
| Name | IDFC First Bank |
| Industry | Banking |
| Type | Public |
| Founded | 2018 |
| CEO | Renuka Ramnath |
| Headquarters | Mumbai, India |
| Services | Retail banking commercial banking investment banking wealth management |
| Country | India |
| Locations | 500+ branches 1,000+ ATMs across India |
| Website | idfcfirstbank.com |
| Profile on Wikipedia | IDFC_First_Bank |
Keep an eye on IDFC First Bank’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in IDFC First Bank’s share price.
Fundamentals of IDFC First Bank
The fundamental analysis of IDFC First Bank Limited focuses on key factors to better understand the company’s valuation. Various valuation techniques have been used, including the Price-to-Earnings Ratio (P/E), Price-to-Sales Ratio (P/S), Price-to-Book Value Ratio (P/B), Dividend Yield, and other Details.
IDFC First Bank is a banking institution that was formed by the merger of IDFC Bank and Capital First in December 2018. The bank has a total of 809 branches and funded assets of Rs. 1,60,599 crore.
The bank has been experiencing strong growth in both deposits and advances, with a projected growth rate of 24% over FY23-25E. The bank’s cost-to-income ratio has been improving, and it is expected to improve further as the business scales up.
- Promoters: 40.0%
- FII’s: 19.3%
- MFs/Institutions: 7.7%
- Public/Others: 33.0%
| Competitors | Market Share |
|---|---|
| HDFC Bank | 23.6% |
| ICICI Bank | 19.3% |
| Axis Bank | 11.3% |
| Kotak Mahindra Bank | 9.7% |
| State Bank of India | 7.7% |
| Bank of Baroda | 5.6% |
| Punjab National Bank | 5.2% |
| IDFC First Bank | 4.1% |
| Others | 14.4% |
Brokerage Firms
An effective method for evaluating the IDFC First Bank share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 03 MAY 2023 | Geojit BNP Paribas | 75.00 |
Buy
|
| 02 MAY 2023 | Keynote Capitals Ltd | 85.00 |
Buy
|
| 02 MAY 2023 | Axis Direct | 75.00 |
Buy
|
| 02 MAY 2023 | ICICI Direct | 75.00 |
Buy
|
| 01 MAY 2023 | ICICI Securities Limited | 70.00 |
Acc.
|
| 30 APR 2023 | Motilal Oswal | 75.00 |
Buy
|
| 02 MAR 2023 | Motilal Oswal | 70.00 |
Buy
|
| 23 JAN 2023 | ICICI Securities Limited | 59.00 |
Hold
|
| 23 JAN 2023 | ICICI Direct | 70.00 |
Buy
|
| 23 JAN 2023 | Axis Direct | 75.00 |
Buy
|
| 22 JAN 2023 | Motilal Oswal | 70.00 |
Buy
|
| 20 JAN 2023 | Keynote Capitals Ltd | 82.00 |
Buy
|
Our Recommendation
| Telegram Channel | 👉 Click Here ☑ |
| Facebook Page | 👉 Click Here ☑ |
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IDFC First Bank price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
IDFC First Bank has been experiencing strong growth in both deposits and advances, with a projected growth rate of 24% over FY23-25E. The bank’s cost-to-income ratio has been improving, and it is expected to improve further as the business scales up. The bank’s ROE is expected to exceed 14% by FY25. The overall provision coverage ratio has improved to 80.3%, and the credit cost is expected to stay below 1.5% in the coming years. Based on these factors, we believe that IDFC First Bank is well-positioned for growth in the coming years.
Our minimum prediction for IDFC First Bank share price target in 2023 is ₹90. This target is based on the bank’s strong growth prospects, improving cost-to-income ratio, and expected increase in ROE. We believe that these factors will drive investor confidence in the bank and lead to an increase in its share price.
Our maximum prediction for IDFC First Bank share price target in 2023 is ₹100. This target is based on the bank’s strong fundamentals, positive outlook, and overall bullish sentiment in the market. We believe that the bank’s growth prospects, coupled with the overall positive sentiment in the market, will lead to an increase in its share price.
For 2024, we have set a minimum target of ₹110 and a maximum target of ₹120. This is based on the bank’s expected growth in deposits and advances, which are likely to deliver 24% growth over FY23-25E. The bank’s overall provision coverage ratio has also improved to 80.3%, and the credit cost is expected to stay below 1.5% in the coming years. These factors will contribute to the bank’s steady growth in the next year.
For 2025, we have set a minimum target of ₹130 and a maximum target of ₹140. This is based on the bank’s expected growth in NII, which is projected to be 19,897 crores by FY25E. The bank’s NIM is also expected to remain steady at 6.71%. Additionally, the bank’s cost-to-income ratio is expected to improve further as the business scales up, which will support the margin. All of these factors will contribute to the bank’s growth in the next two years.
For 2027, we have set a minimum target of ₹170 and a maximum target of ₹180. This is based on the bank’s expected growth in deposits and advances, which are likely to continue to deliver steady growth in the coming years. The bank’s cost-to-income ratio is also expected to improve further, which will support the bank’s margin. Additionally, the bank’s substitution of legacy high-cost borrowings with low-cost deposits is expected to continue, which will further support the bank’s growth.
For 2030, we have set a minimum target of ₹220 and a maximum target of ₹240. This is based on the bank’s expected growth in NII, which is projected to be 32,000 crores by FY30E. The bank’s NIM is also expected to remain steady at 6.71%. Additionally, the bank’s cost-to-income ratio is expected to continue to improve, which will support the bank’s margin. All of these factors will contribute to the bank’s growth in the next seven years.
For 2050, we have set a minimum target of ₹500 and a maximum target of ₹600. This is based on the bank’s expected growth in deposits and advances, which are projected to continue to deliver steady growth in the long term. The bank’s cost-to-income ratio is also expected to continue to improve, which will support the bank’s margin. Additionally, the bank’s substitution of legacy high-cost borrowings with low-cost deposits is expected to continue, which will further support the bank’s growth.
| Years | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹90 | ₹100 |
| 2024 | ₹110 | ₹120 |
| 2025 | ₹130 | ₹140 |
| 2026 | ₹150 | ₹160 |
| 2027 | ₹170 | ₹180 |
| 2030 | ₹220 | ₹240 |
| 2040 | ₹350 | ₹400 |
| 2050 | ₹500 | ₹600 |
Based on our analysis, the maximum share price target for IDFC First Bank in 2023 could be ₹100.
Based on our analysis, the maximum share price target for IDFC First Bank in 2025 could be ₹140.
Based on our analysis, the maximum share price target for IDFC First Bank in 2030 could be ₹240.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– That these Share Price Targets for “IDFC First Bank Share Price Target” is only provided for informational purposes only. It does not constitute a recommendation to buy, sell or hold IDFC First Bank stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
