The 1 reports from 1 analysts offering long term price targets for IDFC Ltd. have an average target of 42.00. The consensus estimate represents an upside of 40.23% from the last price of 29.95.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-08-14||IDFC Ltd.||ICICI Securities Limited||26.60||42.00||26.60 (12.59%)||40.23||Buy|
ICICI Securities Limited
In 2014, IDFC Ltd received a license to set up a universal bank IDFC Bank. To strengthen retail franchise, IDFC Bank, Capital First Ltd engaged in a merger to form IDFC First Bank in December 2018. Currently, IDFC Ltd holds 40% stake in IDFC First Bank. Apart from banking, IDFC Ltd owns a Mutual Fund (100% owned). Its AUM stands at | 103893 crore of which equity AUM...
|2018-01-31||IDFC Ltd.||HDFC Securities||56.25||56.25 (-46.76%)||Results Update|
|2017-07-20||IDFC Ltd.||Axis Direct||58.85||58.85 (-49.11%)||Not Rated|
IDFC and Shriram group announced a 90-day exclusivity period to discuss a merger. The plan is to merge IDFC Bank with Shriram City Union Finance (SCUF); whereas Shriram Transport Finance (SHTF) and other Shriram group entities (life insurance, general insurance, AMC) will be separate subsidiaries of..
|2016-07-28||IDFC Ltd.||ICICI Securities Limited||53.80||53.80 (-44.33%)|
ICICI Securities Limited
Investment to keep RoE benign; dropping coverage IDFC Bank's PAT came in at | 264.8 crore, higher than our estimate of | 173.2 crore, led by strong growth of 19.7% QoQ in NII. Growth in other income at | 212.8 crore; up 54.6% QoQ, supported the topline Operating expense declined 6% QoQ to | 276.8 crore. Increase in income coupled with a decline in opex has led to an improvement in cost income ratio at 39% in Q1FY17 compared to ~50% in Q4FY16 Asset quality has remained resilient with absolute GNPA remaining...
|2016-05-02||IDFC Ltd.||ICICI Securities Limited||43.50||44.00||43.50 (-31.15%)||Hold|
|2016-02-02||IDFC Ltd.||ICICI Securities Limited||40.80||56.00||40.80 (-26.59%)||Target met||Buy|
|2015-09-09||IDFC Ltd.||Prabhudas Lilladhar||129.40||160.00||129.40 (-76.85%)||Buy|
IDFC Limited plans to launch its banking operations from Oct2015 with ~25 branches and focus on corporate and rural banking in the initial phase of its operations.ThebankwillbestartingoperationswithanetworthofRs135bn(after...
|2015-07-30||IDFC Ltd.||Prabhudas Lilladhar||152.75||185.00||152.75 (-80.39%)||Accumulate|
IDFC's earnings were significantly below our estimates as core performance remainssluggish,whileassetqualityreportedsharpdeterioration.Rollingspreads declined to 1.5%, while margins also declined to 3.2% from 3.4% in FY15 as loan...
|2015-02-06||IDFC Ltd.||HDFC Securities||165.80||187.00||165.80 (-81.94%)||Target met||Buy|
|2015-02-02||IDFC Ltd.||HDFC Securities||176.25||177.00||176.25 (-83.01%)||Hold|
IDFCs net earnings were ahead of estimates with lower than expected opex & provisions cost. However, its conservative provisioning policy continued with contingent provisions now at 3.9% of loans vs. 3.1% (1Q) and restructured provisions at ~5%.
|2015-01-30||IDFC Ltd.||Prabhudas Lilladhar||172.05||175.00||172.05 (-82.59%)||Accumulate|
YoY at Rs4.2bn (PLe of Rs4.0bn) but was aided by higher interest income from treasury and healthy noninterest income. IDFC continues to build its provision cushion (3.9% of loans) and has been building on its investment book (added...
|2014-10-31||IDFC Ltd.||Prabhudas Lilladhar||156.30||160.00||156.30 (-80.84%)||Accumulate|
IDFC reported another muted quarter (13% YoY decline in PAT) as the company pursuesitstransitionintoabankandfocusesmoreonbuildingupitsprovisioning cushion (increased to 3.6% of loans vs 3.1% in 1Q FY15) and the Gsec portfolio...
|2014-07-31||IDFC Ltd.||Prabhudas Lilladhar||152.25||160.00||152.25 (-80.33%)||Accumulate|
other income. There was a Rs720mn write back in depreciation in line with Companies Act, despite which Operating efficiency has improved in Q1FY15. Loan degrowth of ~8% YoY were on payment of short term telecom loans...
|2014-04-28||IDFC Ltd.||Prabhudas Lilladhar||114.50||120.00||114.50 (-73.84%)||Accumulate|
IDFC's Q4FY14 performance highlights operational challenges in their core lending business(corePPOPflat)andthoughcautiousapproachtoprovisioningisapositive we believe stressed asset coverage at ~50% is only reasonable and not excessive....
|2014-04-02||IDFC Ltd.||Prabhudas Lilladhar||127.80||130.00||127.80 (-76.56%)||Accumulate|
IDFC has been granted an inprinciple Bank License. Our analysis of IDFC's return ratiospost56yrsoftransitionpainindicatesthatROEsatbestcouldmovebackto 1114%levelsfactoringinsomesuccessonCASAmobilisation.IDFC'svaluationat...
|2012-12-29||IDFC Ltd.||Ashika Research||172.80||208.00||172.80 (-82.67%)||Buy|
IDFC is a NBFC dedicated to infrastructure finance to private companies. Its business verticals include Corporate Investment Banking, Alternative Asset Management and Public Market Asset Management. It has a loan portfolio of...