IDFC First Bank Share Price Target: IDFC First Bank (formerly IDFC Bank) is an Indian private sector bank established by the merger between the Bank of Infrastructure Development Finance Company and Capital First.
It’s the very first bank that offers monthly interest-free credit to savings accounts and lifetime credit cards for free with flexible and low percentage annual rates.
The company has good growth potential, and it is a great investment option for the long term. This article will discuss IDFC First Bank Share Price Target 2023, 2024, 2025, 2027, 2030, 2035, 2040.
It will help you in making a final decision about your next investment. However, first, let’s examine this company, its history and its complete business structure.
Company Overview
Bank offers products and services related to retail banking, wholesale banking and investment banking. However, among its other offerings, home loans continue to be the main growth engine of the institution.
The bank also provides the nation with the highest interest rate on savings accounts, with a rate of 6 percent.
The bank will begin to expand its lending with a specific concentration on retail when it is released from nearly four years of self-imposed growth restrictions while establishing its deposit franchise.
On the 22nd of October, 2022, IDFC First Bank reported an increase of 266 per cent in net profits at 556 crore in the September 2022 quarter.
The company’s operating income (excluding trade gains) increased by 35 per cent over the previous year to reach 3,947 crores in the second quarter of the 2022-23’s fiscal year.
Net interest income increased by 32 per cent to 3,002 crores. Fee and other revenue jumped 44 per cent to 945 crores in FY23’s September.
IDFC First Bank Share Price
IDFC First Bank hits its 52-week record at 79 in July 2023.
IDFC First Bank Share Price Target 2023
In the banking industry of India, IDFC First Bank has been able to boost the growth of its business extremely rapidly over the last few years.
the company has a main focus on Digital Cash Management solutions, Trade Forex, wealth management FASTag, toll-acquiring credit and business cards for business, to grow its operations.
According to the management’s plan to improve the growth rate of its operation, IDFC First Bank can be seen increasing rapidly its focus on various areas of business in the coming days, which has an enormous opportunity for growth.
In the next few days, when the management is expected to increase its concentration on the business that is growing segment The bank will definitely see the benefits of it.
The growth of every business sector within the banking institution will continue to grow IDFC First Bank Share Price target by 2023, we can expect to be able to see the first target of 75 rupees, along with generating amazing returns.
Following this target, you will be able to stop the second target at 100 rupees.
IDFC First Bank Share Price Target For 2023 As Follows:
| 2023 | 1st Target- Rs.75 |
| 2nd Target- Rs.100 |
IDFC First Bank Share Price Target 2024
To help any bank grow its business rapidly, increasing its CASA ratio is vital. IDFC Bank is continuously trying to improve it’s CASA ratio.
Over the last couple of years IDFC First Bank’s CASA Ratio has been showing steady growth and, as a result in addition to the positive increase in the loan book of the firm it has also been receiving good interest.
The bank is constantly striving to improve it’s CASA ratio by gaining the customer to be associated with it.
In this way, the bank has been providing numerous new deals to its customers regarding the deposit of money, for which it is anticipated that it will be possible that in the near future, more growth will be observed in the CASA Ratio of the Bank.
When you take a look at IDFC First Bank Share Price 2024 Target, which indicates that its CASA is expected to rise, you will certainly see the first price target of 145 rupees along with showing a very impressive growth.Â
In the next few years, you can expect the next goal to be 165 rupees.
IDFC First Bank Share Price Target For 2024 As Follows:
| 2024 | 1st Target- Rs.145 |
| 2nd Target- Rs.165 |
IDFC First Bank Share Price Target 2025
To maintain the company’s NPA under control and to improve Asset Quality, IDFC First Bank is moving its focus away from corporate loans to larger retail lending.
The potential for NPA is not as apparent in retail loans, as banks offer loans in smaller amounts to many customers. This means that the chance of an increase in NPA is less likely in the future.
In addition, the management has observed to diversify its loan portfolio effectively across various industries and mainly providing bank loans to people whose odds of being an NPA are low.
As a result, in the near future, if we look forward, there will be an improvement in the asset quality and the Asset Quality of IDFC First Bank.
The Bank’s assets are improved in quality IDFC First Bank Share Price target 2025; it is possible to observe the first target rising to approximately 190 rupees and showing impressive growth. You can also imagine buying the second target for Rs.215.
IDFC First Bank Share Price Target For 2025 As Follows:
| 2025 | 1st Target- Rs.190 |
| 2nd Target- Rs.215 |
IDFC First Bank Share Price Target 2030
IDFC First Bank is continuously active in expanding its network to provide most efficient banking services to each client in the country.
If we consider its branch networks throughout the country, it can be located around 641 and when we examine the ATM network, it’s located around 719. It is growing every year at a steady rate.
If you look at it slowly, IDFC First Bank is expanding its branch network quickly in rural areas, in order to bring in increasing numbers of customers.
The management understands that there are a large number of people in rural areas that aren’t getting access to good banking services.
To benefit from this opportunity IDFC First Bank is continuously expanding its presence in these regions.
As the bank’s network grows stronger when you examine IDFC First Bank Share Price target 2030, you are likely to witness a significant increase and will see the first target of Rs 580.Â
After that there is a good chance that you will consider another Rs 630 target to be an interest.
IDFC First Bank Share Price Target For 2030 As Follows:
| 2030 | 1st Target- Rs.580 |
| 2nd Target- Rs.630 |
Share Price Target Table
| Years | Targets (₹) |
| 2023 | 1st Target- Rs.75 2nd Target- Rs.100 |
| 2024 | 1st Target- Rs.145 2nd Target- Rs.165 |
| 2025 | 1st Target- Rs.190 2nd Target- Rs.215 |
| 2026 | 1st Target- Rs.235 2nd Target- Rs.275 |
| 2027 | 1st Target- Rs.310 2nd Target- Rs.345 |
| 2028 | 1st Target- Rs.405 2nd Target- Rs.425 |
| 2029 | 1st Target- Rs.465 2nd Target- Rs.510 |
| 2030 | 1st Target- Rs.580 2nd Target- Rs.630 |
| 2040 | 1st Target- Rs.1100 2nd Target- Rs.1240 |
| 2050 | 1st Target- Rs.2100 2nd Target- Rs.2400 |
Share Fundamental Analysis
Let’s take a look at the foundations for IDFC First Bank, based on which we can gain an accurate understanding of their bank’s expertise.
- Market Cap: Rs 60,800 Cr.
- P/E: 20.9
- P/B: 1.72
- Div. Yield: 0%
- Net Interest Income: 9706.16 Cr.
- Cost To Income %: 74.6
- ROE: 0.75 %
- ROCE: 4.87%
- Profit Growth: -67.83
- CAR %: 16.74
- CASA %: 48.44
Financial Health of IDFC First Bank
- The financial health of the company is considered to be weak and it may not be able to endure any negative condition.
- This bank is a cost-to-income ratio of 74.6 percent, which suggests that efficiency in operations could be enhanced.
- It has managed to maintain a constant net interest margin (NIM) of approximately 4.92 percent over the last three years. This is a positive sign because it demonstrates that it is profitable from its core business operations.
Are you able to make a safe investment into IDFC First Bank?
Let’s understand this by analyzing both the weaknesses and strengths of this Bank.
Strengths of IDFC First Bank
- The Capital Adequacy Ratio (CAR) is high at 16.74 percent and a stable CASA ratio, which indicates stability and a low cost deposit base.
- It is believed that the Insiders and Investors have a faith in banks’ fundamentals.
- The ownership of the company is extremely steady, with a substantial stake held of the president Of India.
Weakness of IDFC First Bank
- IDFC First Bank has a low ROA history and has a high contingencies and provision.
- Additionally, the bank has a a high Cost to Income ratio of 74.60 percent.
Shareholding Pattern
Promoters: 36.48%
Public: 38.14%
DII: 14.39%
FII: 10.99%
Others: 0%
What Is The Future Of IDFC First Bank Share?
In the near future, there is a huge possibility of growth for the banking industry in India due to the crucial role played by the bank in the country’s overall economic expansion.
As India’s economy expands, all the banks in the country will expand in line with that. IDFC First Bank will definitely reap the benefits of this development.
In addition, the management team is also trying to enhance the bank’s asset quality by diversifying the loan portfolio across different industries to ensure the business’s continued expansion in the coming years will benefit the business.
This will certainly be noticed on the business front in the near future.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. Though this is just for informational purposes, We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
conclusion
This article is a complete guide to IDFC First Bank Share Price Target, where you can find out what IDFC First Bank is, its businesses, and IDFC First Bank Share Price Target 2023, 2024, 2025, 2030, 2040.
Also, We have talked in detail about IDFC First Bank‘s future prospects and growth potential.
Hopefully, this information will help by having all the share price details of IDFC First Bank so that you can consider investing in the future.
If you have any questions, please contact us in the comment box. We will be happy to answer any questions you may have. If you like this information, share the article with as many people as possible.
FAQ
What are the factors of IDFC First Bank’s share price growth in future?
Factors that can influence the price of shares at IDFC First Bank expansion are how the banks perform overall, the general health of their sector as well as the financial performance of the company and profitability, as well as the market conditions.
What will be the share price for IDFC’s first bank over the next years?
The price of the target share for the first bank of IDFC over the next few years can fluctuate and will be influenced by several aspects, such as the market’s conditions as well as the financial performance of the company.
What is the current investment recommendation for IDFC first bank shares?
The current recommendations to invest in the IDFC’s shares of the first bank could differ between financial analysts and experts. Investors must conduct their own research prior to making a investment decision.
Is it good to invest in IDFC First Bank share in long term?
Investing in the IDFC first bank’s shares in the long term may benefit some investors based on their investment objectives and risk tolerance. It is nevertheless important to conduct a thorough study and consult a professional before making any investment decision.
Who is owner of IDFC Bank?
V. Vaidyanathan is currently employed as Chief Executive Officer of IDFC First Bank.
When is it good to buy IDFC First Bank Share?
If you notice a slight drop in the IDFC First Bank Share, you must think about investing small amounts in the long run.