IDBI Bank is an Indian government-owned financial service company, headquartered in Mumbai, India. It is owned by the Government of India and is one of the largest commercial banks in India. IDBI Bank offers banking and financial services including corporate banking, retail banking, and various other financial services.
It also has a presence in over 1000 cities and towns in India and has a network of over 1,800 branches and more than 3,000 ATMs. IDBI Bank has a wide range of products and services. These include savings accounts, fixed deposits, current accounts, loans, credit cards, and debit cards. It also offers a range of insurance products and mutual fund investments.
IDBI Bank is one of the few banks in India that is actively involved in micro-finance activities. The bank has a dedicated department to cater to micro-finance customers.
Stock History of IDBI Bank
IDBI Bank was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in 2004. Since then, its stock has seen a consistent rise and fall, with prices ranging from Rs. 20 to Rs. 70. The current market capitalization of the bank is Rs. ₹96,126 crores. IDBI Bank has also been included in the Nifty 50. It is currently trading at around Rs. ₹89.4.
IDBI Bank Q4 FY24 Results: Net Profit Surges 43%, NII Up 12%; Declares Dividend
- IDBI Bank reported a 43.7% increase in net profit for Q4FY24, reaching ₹1,628.5 crore compared to the same period last year.
- Net interest income (NII) rose by 12.4% to ₹3,687.9 crore, highlighting improved interest earnings.
- The bank declared a dividend of ₹1.50 per equity share for FY24, demonstrating its commitment to shareholder value.
- Asset quality improved, with the net non-performing assets (NPA) ratio decreasing to 0.34% and gross NPA declining to 4.53%.
- The provision coverage ratio increased to 99.09%, indicating prudent risk management practices.
- Total income for the quarter rose to ₹7,887 crore, and total deposits increased to ₹2,77,657 crore.
- Net advances grew by 16% year-on-year to ₹1,88,621 crore, showcasing stability and growth in lending operations.
- IDBI Bank’s strong performance in Q4FY24 reflects robust profitability, improved asset quality, and steady growth in core banking operations.
To buy IDBI Bank shares in India, you need to open a Demat account with a registered stock broker. Once you have opened the account, you can transfer money from your bank account to the broker’s account. After that, you can place an order to buy the shares online or through a broker. Once your order is executed, the shares will be transferred to your Demat account. You can then hold the shares in your Demat account and sell them when you want. Some of the online platforms selling IDBI Bank shares are Zerodha, Groww, 5paisa, and Upstox.
| When | Maximum Price | Minimum Price |
| May 2024 | 95.34 | 82.90 |
| June 2024 | 98.77 | 85.89 |
| July 2024 | 97.78 | 85.03 |
| August 2024 | 101.69 | 88.43 |
| September 2024 | 105.76 | 91.97 |
| October 2024 | 103.69 | 90.16 |
| November 2024 | 107.83 | 93.77 |
| December 2024 | 108.91 | 94.71 |
In May 2024, IDBI’s shares are expected to range between a maximum price of 95.34 and a minimum price of 82.90. As we move into June, prices may increase to a maximum of 98.77 and a minimum of 85.89. July’s forecast suggests prices ranging from 97.78 to 85.03. Throughout the rest of the year, fluctuations are expected, with prices peaking at 108.91 and hitting a minimum of 94.71 by December 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 110.00 | 84.62 |
| February 2025 | 111.11 | 85.47 |
| March 2025 | 113.45 | 87.27 |
| April 2025 | 112.32 | 86.40 |
| May 2025 | 109.05 | 83.89 |
| June 2025 | 113.96 | 87.66 |
| July 2025 | 111.72 | 85.94 |
| August 2025 | 115.18 | 88.60 |
| September 2025 | 116.56 | 89.66 |
| October 2025 | 119.59 | 91.99 |
| November 2025 | 122.58 | 94.29 |
| December 2025 | 128.10 | 98.54 |
As we move into January 2025, IDBI’s shares are expected to range between a maximum price of ₹110.00 and a minimum price of ₹84.62. By February, the prices may slightly increase, with projections ranging from ₹111.11 to ₹85.47. March could witness further increments, with prices anticipated to fluctuate between ₹113.45 and ₹87.27. As the year progresses, IDBI’s share prices are predicted to experience gradual growth, reaching a maximum of ₹128.10 and a minimum of ₹98.54 by December 2025.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹151.00 | ₹98.96 |
| 2027 | ₹182.29 | ₹117.32 |
| 2028 | ₹222.24 | ₹143.03 |
| 2029 | ₹270.94 | ₹174.37 |
| 2030 | ₹330.31 | ₹212.58 |
In 2026, IDBI’s shares are anticipated to reach a maximum price of ₹151.00 and a minimum price of ₹98.96. Moving into 2027, the prices are expected to climb, with projections ranging from ₹182.29 to ₹117.32. By 2028, IDBI’s shares may further escalate, reaching a maximum of ₹222.24 and a minimum of ₹143.03. In 2029, the upward trend continues, with prices predicted to fluctuate between ₹270.94 and ₹174.37. Finally, by 2030, IDBI’s shares are forecasted to peak at a maximum price of ₹330.31 and maintain a minimum of ₹212.58.
IDBI Bank Financial Condition: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Revenue | 20,854 | 19,956 | 18,316 | 20,592 | 26,446 |
| Interest | 13,841 | 11,408 | 9,122 | 9,130 | 12,226 |
| Expenses + | 24,097 | 11,551 | 11,178 | 11,850 | 9,777 |
| Financing Profit | -17,084 | -3,003 | -1,984 | -389 | 4,443 |
| Financing Margin % | -82.00% | -15.00% | -11.00% | -2.00% | 17.00% |
| Other Income + | 4,631 | 4,848 | 4,959 | 4,617 | 3,925 |
| Depreciation | 394 | 397 | 417 | 499 | 0 |
| Profit before tax | -12,847 | 1,449 | 2,557 | 3,728 | 8,367 |
| Tax % | 0% | 0% | 0% | 0% | 31% |
| Net Profit + | -12,819 | 1,532 | 2,557 | 3,728 | 5,814 |
| EPS in Rs | -12.36 | 1.41 | 2.36 | 3.45 | 5.38 |
| Dividend Payout % | 0% | 0% | 0% | 29% | 28% |
The financial data for the period from March 2020 to March 2024 reveals a fluctuating trajectory for the company. Revenue dipped from ₹20,854 crores in March 2020 to ₹18,316 crores in March 2022, before rebounding significantly to ₹26,446 crores in March 2024, indicating a volatile market environment. Interest expenses and expenses showed a similar trend of fluctuations, with notable increases and decreases over the years, suggesting shifts in operational costs and financial strategies.
Despite challenges, the company demonstrated resilience, evident in its financing profit and margin. While the financing profit plunged to -₹17,084 crores in March 2020, it steadily climbed back to ₹4,443 crores in March 2024, reflecting strategic adjustments and improved financial performance. Other income remained relatively stable over the years, hovering around ₹4,000 to ₹5,000 crores, contributing to the company’s overall earnings.
Profit before tax experienced a notable turnaround, transitioning from a loss of -₹12,847 crores in March 2020 to a profit of ₹8,367 crores in March 2024, showcasing the company’s ability to adapt and capitalize on opportunities. Net profit followed a similar trajectory, reflecting a positive trend from a loss of -₹12,819 crores to a profit of ₹5,814 crores during the same period. EPS also exhibited steady growth, rising from -₹12.36 in March 2020 to ₹5.38 in March 2024, indicating enhanced profitability and value creation for shareholders.
The dividend payout percentage, although varying, showed a commitment to rewarding shareholders, with a gradual increase from 0% in March 2020 to 28% in March 2024, aligning with the company’s improved financial performance and shareholder interests. Overall, while facing challenges, the company’s financials demonstrate resilience, adaptability, and a positive trajectory towards sustained growth and profitability.
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FAQs
It is anticipated that the price of IDBI Bank shares will increase in 2024, due to its current performance and increased need for banking services. The bank is expected to benefit from the government’s initiatives to support financial inclusion and the rising demand for digital banking services, in addition to its strong presence in retail banking and corporate banking.
What is the market capitalization of IDBI Bank?
As of May 3rd, 2024, IDBI Bank has a market cap of Rs. ₹96,126 Crore.
At this time, it is not likely that the price of IDBI Bank shares will reach Rs. 300 by the end of 2030.
The bank’s share price is currently trading at around Rs. 89.4, and it is expected to increase gradually over time.
However, the share price is subject to market conditions and the performance of the bank. It is therefore not possible to predict whether or not IDBI Bank share price will reach Rs. 300 in the future.
Conclusion
In conclusion, IDBI Bank’s Q4 FY24 results signify a robust performance and strategic advancements, affirming its resilience and growth within the banking sector. The substantial surge of 43.7% in net profit to ₹1,628.5 crore, compared to the corresponding period last year, showcases the bank’s profitability and operational efficiency. Moreover, the notable 12.4% rise in net interest income to ₹3,687.9 crore underscores improved interest earnings and adept management of interest expenses. With the declaration of a dividend of ₹1.50 per equity share for FY24 and enhanced asset quality, IDBI Bank demonstrates a steadfast commitment to delivering value to its shareholders while maintaining prudent risk management practices.
However, the actual performance of the bank and the market conditions will determine the actual share price in the future.
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