Loading..

IDFC Limited (532659) Report Analysis

Corporate Events

Neutral

IDFC Limited to Report Q2, 2023 Results on Nov 11, 2022

2022-09-29 06:41:00

IDFC Limited announced that they will report Q2, 2023 results on Nov 11, 2022

Neutral

IDFC Limited, Board Meeting, Nov 11, 2022

2022-09-29 06:41:00

IDFC Limited, Board Meeting, Nov 11, 2022, at 12:00 Indian Standard Time. Agenda: To discuss Unaudited Financial Results for the quarter and h...

Neutral

IDFC Limited, Annual General Meeting, Sep 27, 2022

2022-08-27 08:28:00

IDFC Limited, Annual General Meeting, Sep 27, 2022, at 11:00 Indian Standard Time. Agenda: To discuss the audited standalone financial stateme...

Neutral

IDFC Limited - Shareholder/Analyst Call

2022-08-27 08:28:00

AGM

Neutral

IDFC Limited, Board Meeting, Aug 24, 2022

2022-08-24 09:17:00

IDFC Limited, Board Meeting, Aug 24, 2022, at 11:00 Indian Standard Time. Agenda: To consider appointment of Mr. Mahendra N Shah as Managing D...

Negative

IDFC Limited Announces Executive Changes

2022-08-24 09:09:00

The board of directors of IDFC Limited meeting held on August 24, 2022, approved resignation of Mr. Mahendra N. Shah as the Company Secretary ...

Negative

IDFC Limited Announces Cessation of Ritu Anand ...

2022-08-16 09:26:00

IDFC Limited announced that Ms. Ritu Anand ceased to be an Independent Director of the company upon completion of her term of 3 consecutive ye...

Neutral

IDFC Limited to Report Q1, 2023 Results on Aug 09, 2022

2022-07-20 07:18:00

IDFC Limited announced that they will report Q1, 2023 results on Aug 09, 2022

Neutral

IDFC Limited, Board Meeting, Aug 09, 2022

2022-07-20 07:18:00

IDFC Limited, Board Meeting, Aug 09, 2022, at 16:00 Indian Standard Time. Agenda: To consider unaudited financial results (subjected to limite...

Neutral

IDFC Limited to Report Fiscal Year 2022 Results...

2022-04-21 07:10:00

IDFC Limited announced that they will report fiscal year 2022 results on May 20, 2022

Neutral

IDFC Limited, Board Meeting, May 20, 2022

2022-04-21 07:10:00

IDFC Limited, Board Meeting, May 20, 2022, at 12:00 Indian Standard Time. Agenda: To consider audited annual financial statement standalone an...

Positive

IDFC Limited, 1.00 (INR), Cash Dividend, Apr-19-2022

2022-04-06 20:14:00

IDFC Limited, 1.00 (INR), Cash Dividend, Apr-19-2022

Positive

IDFC Limited Declares Interim Dividend, Payable...

2022-04-06 11:26:00

IDFC Limited at its board meeting held on April 6, 2022, has considered and declared an interim dividend of 10% i.e. INR 1 per equity share of...

Neutral

IDFC Limited, Board Meeting, Apr 06, 2022

2022-04-04 17:01:00

IDFC Limited, Board Meeting, Apr 06, 2022. Agenda: To consider interim dividend.

Negative

IDFC Limited Appoints Anita Belani as an Indepe...

2022-02-07 10:30:00

IDFC Limited approved the appointment of Ms. Anita Belani as an Independent Director.

Neutral

IDFC Limited to Report Q3, 2022 Results on Feb 11, 2022

2022-01-24 11:12:00

IDFC Limited announced that they will report Q3, 2022 results on Feb 11, 2022

Neutral

IDFC Limited, Board Meeting, Feb 11, 2022

2022-01-24 11:12:00

IDFC Limited, Board Meeting, Feb 11, 2022, at 11:00 Indian Standard Time. Agenda: To consider the unaudited financial results (subjected to li...

Neutral

IDFC Limited, Board Meeting, Dec 30, 2021

2021-12-30 13:20:00

IDFC Limited, Board Meeting, Dec 30, 2021. Agenda: To consider Merger of IDFC and IDFC FHCL with IDFC FIRST Bank.

Neutral

IDFC Limited, Board Meeting, Dec 22, 2021

2021-12-22 08:02:00

IDFC Limited, Board Meeting, Dec 22, 2021, at 09:30 Indian Standard Time. Agenda: To consider board changes.

Neutral

IDFC Limited to Report Q2, 2023 Results on Nov 11, 2022

2022-09-29 06:41:00

IDFC Limited announced that they will report Q2, 2023 results on Nov 11, 2022

Neutral

IDFC Limited, Board Meeting, Nov 11, 2022

2022-09-29 06:41:00

IDFC Limited, Board Meeting, Nov 11, 2022, at 12:00 Indian Standard Time. Agenda: To discuss Unaudited Financial Results for the quarter and half year ended September 30, 2022; and to consider Re-appointment of Mr. Ajay Sondhi , as an Independent Director of the Company.

Neutral

IDFC Limited, Annual General Meeting, Sep 27, 2022

2022-08-27 08:28:00

IDFC Limited, Annual General Meeting, Sep 27, 2022, at 11:00 Indian Standard Time. Agenda: To discuss the audited standalone financial statements of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and the Auditors thereon; and to discuss the audited consolidated financial statements of the Company for the financial year ended March 31, 2022 and the Report of the Auditors thereon.

Neutral

IDFC Limited - Shareholder/Analyst Call

2022-08-27 08:28:00

AGM

Neutral

IDFC Limited, Board Meeting, Aug 24, 2022

2022-08-24 09:17:00

IDFC Limited, Board Meeting, Aug 24, 2022, at 11:00 Indian Standard Time. Agenda: To consider appointment of Mr. Mahendra N Shah as Managing Director-Designate of the Company; to consider the term of Mr. Sunil Kakar as Managing Director & CEO of the Company will end at the till September 30, 2023; and to consider other matters.

Negative

IDFC Limited Announces Executive Changes

2022-08-24 09:09:00

The board of directors of IDFC Limited meeting held on August 24, 2022, approved resignation of Mr. Mahendra N. Shah as the Company Secretary & Compliance Officer of the company at the close of business hours on August 24, 2022. The board also approve the appointment of Ms. Shivangi Mistry as the Company Secretary & Compliance Officer of the Company, with effect from August 25, 2022. Ms. Shivangi Mistry is associated with IDFC group since June 2018. In her role, she has variety of exposure across secretarial functions of IDFC Limited. Prior to joining IDFC, Ms. Mistry has worked with Tilaknagar Industries Limited and Future Corporate Resource Limited. She is a qualified member of the Institute of Company Secretaries of India and hold Master's degree in commerce from University of Mumbai and Bachelor degree in commerce from S.I.E.S College of Commerce and Economics, Mumbai.

Negative

IDFC Limited Announces Cessation of Ritu Anand as Independent Director

2022-08-16 09:26:00

IDFC Limited announced that Ms. Ritu Anand ceased to be an Independent Director of the company upon completion of her term of 3 consecutive years at the close of business hours on August 15, 2022. Membership of Board Committees: Audit Committee – Member; Risk Management & IT Strategy Committee – Chairperson.

Neutral

IDFC Limited to Report Q1, 2023 Results on Aug 09, 2022

2022-07-20 07:18:00

IDFC Limited announced that they will report Q1, 2023 results on Aug 09, 2022

Neutral

IDFC Limited, Board Meeting, Aug 09, 2022

2022-07-20 07:18:00

IDFC Limited, Board Meeting, Aug 09, 2022, at 16:00 Indian Standard Time. Agenda: To consider unaudited financial results (subjected to limited review by auditors) for the quarter ended June 30, 2022.

Neutral

IDFC Limited to Report Fiscal Year 2022 Results on May 20, 2022

2022-04-21 07:10:00

IDFC Limited announced that they will report fiscal year 2022 results on May 20, 2022

Neutral

IDFC Limited, Board Meeting, May 20, 2022

2022-04-21 07:10:00

IDFC Limited, Board Meeting, May 20, 2022, at 12:00 Indian Standard Time. Agenda: To consider audited annual financial statement standalone and consolidated for the year ended March 31, 2022.

Positive

IDFC Limited, 1.00 (INR), Cash Dividend, Apr-19-2022

2022-04-06 20:14:00

IDFC Limited, 1.00 (INR), Cash Dividend, Apr-19-2022

Positive

IDFC Limited Declares Interim Dividend, Payable on or After May 01, 2022

2022-04-06 11:26:00

IDFC Limited at its board meeting held on April 6, 2022, has considered and declared an interim dividend of 10% i.e. INR 1 per equity share of the Company. The interim dividend, shall be payable to all those equity shareholders, whose names appear in the Register of Members of the Company as at close of day on April 20, 2022, being the record date for the purpose of the aforesaid interim dividend. interim dividend will be paid to eligible shareholders on or after May 01, 2022.

Neutral

IDFC Limited, Board Meeting, Apr 06, 2022

2022-04-04 17:01:00

IDFC Limited, Board Meeting, Apr 06, 2022. Agenda: To consider interim dividend.

Negative

IDFC Limited Appoints Anita Belani as an Independent Director

2022-02-07 10:30:00

IDFC Limited approved the appointment of Ms. Anita Belani as an Independent Director.

Neutral

IDFC Limited to Report Q3, 2022 Results on Feb 11, 2022

2022-01-24 11:12:00

IDFC Limited announced that they will report Q3, 2022 results on Feb 11, 2022

Neutral

IDFC Limited, Board Meeting, Feb 11, 2022

2022-01-24 11:12:00

IDFC Limited, Board Meeting, Feb 11, 2022, at 11:00 Indian Standard Time. Agenda: To consider the unaudited financial results (subjected to limited review by auditors) for the quarter and nine months ended December 31, 2021.

Neutral

IDFC Limited, Board Meeting, Dec 30, 2021

2021-12-30 13:20:00

IDFC Limited, Board Meeting, Dec 30, 2021. Agenda: To consider Merger of IDFC and IDFC FHCL with IDFC FIRST Bank.

Neutral

IDFC Limited, Board Meeting, Dec 22, 2021

2021-12-22 08:02:00

IDFC Limited, Board Meeting, Dec 22, 2021, at 09:30 Indian Standard Time. Agenda: To consider board changes.

Fundamental Summary

IDFC's financial results from Q1 demonstrated decent performance, but will likely only help IDFC remain on par with its peers. We do believe, though, that macro-related market conditions will influence its performance more significantly than its individual results. We therefore gave IDFC a total score of 63 out of 100 and a HOLD recommendation.

IDFC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 584.6 million compared to INR 295.6 million a year ago. Net income was INR 3,318.3 million compared to INR 2,619 million a year ago. Basic earnings per share from continuing operations was INR 1.87 compared to INR 1.39 a year ago. Diluted earnings per share from continuing operations was INR 1.87 compared to INR 1.39 a year ago. Basic earnings per share was INR 2.08 compared to INR 1.65 a year ago. Diluted earnings per share was INR 2.08 compared to INR 1.65 a year ago.For the six months, revenue was INR 805.8 million compared to INR 322.4 million a year ago. Net income was INR 5,844.5 million compared to net loss of INR 1,483.6 million a year ago. Basic earnings per share from continuing operations was INR 3.31 compared to basic loss per share from continuing operations of INR 1.44 a year ago. Diluted earnings per share from continuing operations was INR 3.31 compared to diluted loss per share from continuing operations of INR 1.44 a year ago. Basic earnings per share was INR 3.66 compared to basic loss per share of INR 0.92 a year ago. Diluted earnings per share was INR 3.66 compared to diluted loss per share of INR 0.92 a year ago.

Sector Overview

IDFC is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. IDFC's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1.3T 13.9% 62
Liabilities 1.2T 15.6% 82
Price to Book 0.7 -12.0% 69
Cash & Equivalents 50.4B -4.6% 65
Equity 113.2B 4.7% 64
Total Revenues 36.3B -2.7% 49
Parameter Value Change Score
Return on Equity 5.3 -25.8% 47
Net Cashflow -2.4B -110.8% 59
Capital Expenditure -1.9B 33.3% 82
Asset Turnover 0.0 -20.9% 43
Free Cashflow Per Share -33.7 -31.5% 76
* All values are TTM

The below chart reflects IDFC's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While IDFC's peer average final assessment score stands on 72, IDFC's score is 63.

  •  532659
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Angel One Limited 133.3B 88 69 76
Buy
84
84 0 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 1 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 2 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 3 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 4 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 5 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 6 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 7 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 8 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 9 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 10 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 11 1
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 12 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 13 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 14 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 15 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 16 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 17 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 18 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 19 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 20 1
BSE Limited 78.2B 79 71 83
Buy
83
83 21 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 22 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 23 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 24 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which IDFC Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect IDFC Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated IDFC Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. IDFC's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. The company is trading near it's 12-month high, which signals an attack on the resistance price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), IDFC's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 83.

Bullish 83
Close Price 82.0
52W Low 43.2
52W High 82.3
5D MA 80.74
50D MA 74.96
200D MA 61.55
MACD 1.53
RSI 29.58
STOCH 93.94

Balance Sheet Analysis

At a high level, IDFC delivered stable balance sheet metrics this period. IDFC's balance sheet metrics didn't highlight too many outstanding numbers, for either the good or the bad. IDFC is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 1.2T, representing 15.6% change from the previous period. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. Therefore, we rated their liabilities movement with a score of 82. Also, IDFC publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 0.7 and represents a -12.0% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. Therefore, its book value factors earned a score of 69. That said, one metric, Assets, stood out as strongly negative. Mediocre performance in terms of assets could drop the bar on expectations for IDFC's future attractiveness, as they changed to 1.3T in the latest filing. This works out to a 13.9% change from the last period. IDFC's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on IDFC's stock price. Therefore, their asset component earned a score of 62. Therefore, it received a score of 74.

Parameter Value Change Score
Assets 1.3T 13.9% 62
Liabilities 1.2T 15.6% 82
Price to Book 0.7 -12.0% 69
Cash & Equivalents 50.4B -4.6% 65
Equity 113.2B 4.7% 64
* All values are TTM

The below chart describes IDFC's performance as reflected on its balance sheet with respect to its peers. While IDFC received a balance sheet score of 74, the average of its peers stands on 73.

  •  532659
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 0 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 1 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 2 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 3 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 4 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 5 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 6 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 7 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 8 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 9 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 10 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 11 1
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 12 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 13 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 14 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 15 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 16 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 17 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 18 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 19 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 20 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 21 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 22 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 23 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 24 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 25 1

Income Statement Analysis

IDFC's income statement factors had several troubling metrics this period. Return factors metrics and ratios were disappointing in this report. IDFC reported a return on equity (ROE) ratio of 5.3, representing a change of -25.8% from the last report.change of -25.8% from the previous period. This metric might have a 13.9 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Consequently, their return factors received a grade of 47. However, one encouraging metric, Revenue Efficiency, stood out. IDFC did an excellent job managing its revenue efficiency this past period. IDFC's revenue efficiency is 36.3B according to the metrics in the current filing, which represents a -2.7% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 1.5%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. The company's revenue efficiency, therefore, received a grade of 49. Because of these weaknesses, their income statement received an overall score of 48.

Parameter Value Change Score
Total Revenues 36.3B -2.7% 49
Return on Equity 5.3 -25.8% 47
* All values are TTM

The below chart describes IDFC's performance as reflected on its income statement with respect to its peers. While IDFC received a income statement score of 48 , the average of its peers stands on 71.

  •  532659
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Angel One Limited 133.3B 46.0 73.0 70.0 69 0 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 1 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 2 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 3 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 4 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 5 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 6 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 7 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 8 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 9 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 10 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 11 1
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 12 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 13 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 14 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 15 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 16 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 17 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 18 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 19 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 20 1
BSE Limited 78.2B 59.0 69.0 78.0 71 21 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 22 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 23 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 24 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 25 1

Cash Flow Analysis

All in all, the most important metrics within IDFC's cash flow looked encouraging. IDFC's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -1.9B, which represents a 33.3% change from the last period. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 82. Also, IDFC's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. IDFC recorded free cash flow of -33.7, which represents a -31.5% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 12.0%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. The company's free cash flow movement, therefore, received a grade of 76. At the same time, one critical cash flow metric, Asset Turnover, was notably weak. IDFC's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.0, representing a -20.9% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 2.0 percent by this parameter. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Therefore, their asset turnover movement earned a score of 43. Their cash flow, therefore, earned a score of 68.

Parameter Value Change Score
Net Cashflow -2.4B -110.8% 59
Capital Expenditure -1.9B 33.3% 82
Asset Turnover 0.0 -20.9% 43
Free Cashflow Per Share -33.7 -31.5% 76
* All values are TTM

The below chart describes IDFC's performance as reflected on its cash flow with respect to its peers. While IDFC received a cash flow score of 68, the average of its peers stands on 62.

  •  532659
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 0 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 1 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 2 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 3 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 4 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 5 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 6 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 7 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 8 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 9 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 10 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 11 1
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 12 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 13 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 14 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 15 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 16 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 17 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 18 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 19 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 20 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 21 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 22 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 23 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 24 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 25 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.