IDBI Bank, headquartered in Mumbai, India, is a government-owned financial services company, and it ranks among India’s largest commercial banks. It operates under the ownership of the Government of India and provides a comprehensive suite of banking and financial services, encompassing corporate banking, retail banking, and various other financial offerings.
With a widespread presence in over 1,000 cities and towns across India, IDBI Bank boasts a substantial network comprising more than 1,800 branches and over 3,000 ATMs. The bank’s product portfolio is extensive, including savings accounts, fixed deposits, current accounts, loans, credit cards, and debit cards. Furthermore, IDBI Bank extends its services to encompass insurance products and mutual fund investments.
Notably, IDBI Bank actively engages in micro-finance activities, demonstrating its commitment to serving micro-finance customers with the presence of a dedicated department catering to their needs.
One of India’s biggest commercial banks, IDBI offers a variety of banking and financial services to its clients. The bank has built a solid reputation over the years for its cutting-edge products, customer-focused strategy, and reliable financial management methods. As a result, IDBI Bank has gained popularity among investors intending to make a purchase on the Indian stock market.
In this post, we’ll examine some of the variables that affect the IDBI Bank Share Price in more detail. We will also go through the bank’s recent financial performance, market position, and some of the major trends and developments that are influencing its prospects going forward.
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Contents
HOW TO BUY IDBI BANK SHARES?
To acquire IDBI Bank shares in India, the process involves initiating a Demat account with a licensed stockbroker. Following the successful account setup, you can proceed to transfer funds from your bank account to the broker’s account. Subsequently, you have the option to place buy orders for the shares either online or through a broker’s assistance. Once your purchase order is executed, the shares will be deposited into your Demat account. This allows you to securely hold the shares in your Demat account and make decisions on when to sell them at your discretion. Several online platforms, including Zerodha, Groww, 5paisa, and Upstox, facilitate the purchase of IDBI Bank shares.
IDBI BANK IN RECENT NEWS
- The divestment of IDBI Bank has attracted potential buyers due to its impressive appearance and lack of undisclosed information.
- The RBI is hesitant to grant special considerations for the divestment of IDBI Bank.
- The government has opened the bidding process for the valuation of assets in the IDBI Bank disinvestment.
- IDBI Bank shares have surged significantly as the government initiates the search for an asset valuer for the divestment process.
IDBI BANK SHARE PRICE TARGET 2023
| IDBI BANK SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹69.00 | ₹62.73 |
| October 2023 | ₹66.99 | ₹60.90 |
| November 2023 | ₹68.33 | ₹62.12 |
| December 2023 | ₹70.38 | ₹58.65 |
IDBI Bank’s share price is predicted to experience a bullish uptrend throughout 2023. Starting from a maximum price of ₹69.00 in September 2023, the share price is expected to gradually rise, reaching its peak at ₹70.38 in December 2023.
Investors looking to capitalize on this potential growth may want to consider buying into IDBI Bank’s shares at a lower price point, such as the minimum price of ₹62.73 in September. It’s important to keep in mind that stock market predictions are subject to change and can be affected by a variety of factors, including economic conditions and market trends. As always, investors should conduct thorough research and seek professional advice before making any investment decisions.
IDBI BANK SHARE PRICE TARGET 2024
| IDBI BANK SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹74.08 | ₹64.42 |
| February 2024 | ₹77.91 | ₹64.93 |
| March 2024 | ₹82.01 | ₹66.68 |
| April 2024 | ₹74.56 | ₹57.35 |
| May 2024 | ₹62.13 | ₹47.79 |
| June 2024 | ₹74.56 | ₹57.35 |
| July 2024 | ₹63.37 | ₹49.13 |
| August 2024 | ₹69.71 | ₹55.33 |
| September 2024 | ₹73.20 | ₹56.31 |
| October 2024 | ₹86.11 | ₹66.24 |
| November 2024 | ₹90.42 | ₹69.55 |
| December 2024 | ₹92.23 | ₹70.94 |
The data shows that the bank’s share price is expected to continue its upward trajectory, with a maximum price target of ₹92.23 and a minimum price target of ₹47.79. The share price is predicted to start the year at ₹74.08 in January 2024 and reach its peak in December 2024 at ₹92.23, representing a potential growth of over 25%.
However, investors should be aware that the share price may experience some fluctuations throughout the year, as evidenced by the minimum price of ₹47.79 in May 2024 and the maximum price of ₹86.11 in October 2024. These fluctuations may be influenced by various factors, such as market conditions, economic trends, and company-specific developments.
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IDBI BANK SHARE PRICE TARGET 2025
| IDBI BANK SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹94.07 | ₹72.36 |
| February 2025 | ₹99.02 | ₹76.17 |
| March 2025 | ₹103.97 | ₹79.98 |
| April 2025 | ₹92.83 | ₹71.41 |
| May 2025 | ₹84.40 | ₹64.92 |
| June 2025 | ₹92.83 | ₹71.41 |
| July 2025 | ₹88.41 | ₹68.01 |
| August 2025 | ₹92.10 | ₹70.84 |
| September 2025 | ₹96.70 | ₹74.39 |
| October 2025 | ₹102.50 | ₹78.85 |
| November 2025 | ₹109.68 | ₹84.37 |
| December 2025 | ₹111.87 | ₹86.06 |
IDBI Bank share price target for 2025 shows a mixed trend throughout the year. The share price starts off relatively low in January at ₹33.84 and gradually increases, reaching its peak in November at ₹54.83, before slightly dropping in December to ₹53.03.
The maximum share price target for 2025 is ₹54.83, while the minimum share price target is ₹33.84. This suggests a potential price fluctuation of ₹20.99 throughout the year. It is important to note that these projections are subject to change due to various economic and market factors.
Investors who are considering investing in IDBI Bank shares should carefully analyze the company’s financial performance, industry trends, and market conditions before making any investment decisions. It is also recommended to consult with a financial advisor or a professional before making any significant investment decisions.
IDBI BANK SHARE PRICE TARGET 2026 TO 2030
| IDBI BANK SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹78.31 | ₹54.82 |
| 2027 | ₹66.56 | ₹46.60 |
| 2028 | ₹119.82 | ₹83.87 |
| 2029 | ₹246.12 | ₹172.29 |
| 2030 | ₹274.09 | ₹191.86 |
IDBI Bank share price target for the years 2026 to 2030 shows a significant upward trend, with some fluctuations in between. In 2026, the share price is expected to fluctuate between ₹78.31 (maximum) and ₹54.82 (minimum). The following year, 2027, the share price is expected to experience a slight drop with a maximum target of ₹66.56 and a minimum target of ₹46.60.
However, the share price is expected to rebound in 2028 with a significant increase, reaching a maximum target of ₹119.82 and a minimum target of ₹83.87. The upward trend is expected to continue in 2029, with a maximum target of ₹246.12 and a minimum target of ₹172.29. Finally, in 2030, the share price is expected to range between a maximum target of ₹274.09 and a minimum target of ₹191.86.
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FINANCIAL STRENGTH OF IDBI BANK (2019 TO 2023)
| Metric | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
|---|---|---|---|---|---|
| Revenue | 22,102 | 20,854 | 19,956 | 18,316 | 20,592 |
| Interest | 16,162 | 13,841 | 11,408 | 9,122 | 9,130 |
| Expenses | 24,118 | 24,097 | 11,551 | 11,178 | 11,850 |
| Financing Profit | -18,178 | -17,084 | -3,003 | -1,984 | -389 |
| Financing Margin % | -82% | -82% | -15% | -11% | -2% |
| Other Income | 3,535 | 4,631 | 4,848 | 4,959 | 4,617 |
| Depreciation | 370 | 394 | 397 | 417 | 499 |
| Profit before Tax | -15,013 | -12,847 | 1,449 | 2,557 | 3,728 |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -14,970 | -12,819 | 1,532 | 2,557 | 3,728 |
| EPS (in Rs) | -19.37 | -12.36 | 1.41 | 2.36 | 3.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 29% |
Over the span of the past five years, the company’s financial performance has exhibited a rollercoaster ride, marked by significant fluctuations and evolving trends. Commencing in March 2019, the company faced substantial challenges, resulting in a severe negative net profit of Rs 14,970 crore and a distressing financing margin of -82%. However, a remarkable transformation unfolded as the years progressed. By March 2023, the company showcased a remarkable turnaround, reporting a positive net profit of Rs 3,728 crore, signaling resilience and strategic adjustments that steered it back on the path to profitability. This revival was accompanied by an improved financing margin, which reached -2% in March 2023, indicating a positive shift in financial dynamics. Moreover, it’s noteworthy that the dividend payout percentage saw a substantial increase, reaching 29% in March 2023, reflecting potential shifts in the company’s dividend policy. These fluctuations underscore the dynamic nature of the company’s financial journey, replete with both challenges and triumphs, ultimately culminating in a positive outlook for the future.
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POINTS TO KEEP IN MIND WHILE INVESTING IN IDBI BANK SHARES:
- The company has demonstrated robust profit growth with a 19.4% Compound Annual Growth Rate (CAGR) over the past five years.
- Notably, the company’s working capital requirements have significantly reduced from 178 days to just 14.2 days.
- However, the company faces challenges with a low interest coverage ratio.
- Over the past five years, the company has experienced poor sales growth, with a decline of -2.23%.
- The return on equity (ROE) for the company has remained low at 6.42% over the last three years.
- There are substantial contingent liabilities amounting to Rs. 1,88,240 crore.
- There is a possibility that the company is capitalizing the interest cost.
- The earnings include a significant other income of Rs. 4,292 crore.
FAQ’s
What services does IDBI Bank offer?
IDBI Bank provides a wide range of banking and financial services, including corporate banking, retail banking, savings accounts, fixed deposits, loans, credit cards, debit cards, insurance products, and mutual fund investments.
How extensive is IDBI Bank’s network in India?
IDBI Bank has a vast presence, operating in over 1,000 cities and towns across India, with a network of more than 1,800 branches and over 3,000 ATMs.
How has the dividend payout policy of IDBI Bank changed recently?
IDBI Bank’s dividend payout percentage increased to 29% in March 2023, suggesting a potential shift in its dividend policy.
The maximum share price target of IDBI in 2027 is Rs.66.55
The maximum share price target of IDBI in 2029 is Rs. 246.12
The maximum share price target of IDBI in 2030 is Rs. 274.09
CONCLUSION: IDBI BANK
According to the financial statement supplied, IDBI Bank’s growth during the previous five years has been uneven. Although the bank’s revenue has been steadily dropping over the years, its profitability has improved recently. The bank had previously suffered huge losses, but it’s PAT increased significantly in FY 2023 compared to the prior year.
Also, the bank has been working to enhance its financial performance, as evidenced by the rising NIM and net profit margin. The bank still has issues with revenue growth, provisions, and contingencies, though.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.