IDFC First Bank Limited - First Bank Preference for Long Term Investors too?

Stock Opportunities
2456

Enough of noise. Lets get data crunching.

Thanks to @Anant sir for sharing this info offline.

We can go to Charges search | Zauba Corp and figure out currently open corporate loans (including tiny MSME loans) for any lender. For IDFC First, I did that.

For IDFC First here is the list of open loans:

Offline copy for those who prefer that:
IDFC Bank Open Loans.xlsx (151.5 KB)
[

This will enable us to do next level of due diligence by evaluating point data on corporate loans given post 2018 & VV’s claim of these being pristine pristine. This is now reduced to a data crunching problem.

Broad strokes things to do:
Look at top K loans & figure out how lendee companies are doing financially speaking.

Some high level stats:

  1. 2304 open loans.
  2. Lowest exposure of 36 lakhs to FALCON FIGHTER FORCE SERVICES PRIVATE LIMITED
  3. Highest exposure of 6000 cr to IRB: IRB INFRASTRUCTURE DEVELOPERS LIMITED, IRB AHMEDABAD VADODARA SUPER EXPRESS TOLLWAY PRIVATE LIMITED
  4. Total loans is 67000 cr.
  5. Average exposure of 23 cr.

Disc: invested, biased. work cut out :slight_smile:

Now need to get cracking & analyzing. Anyonee wanting to contribute, do it!!! No better way to build conviction.

More caveats :

  1. Charge is not loan but rather option to take loan .need to look at credit rating report too in addition.
  2. Some charges could be wrong because companies sometime don’t close charge with mca
  3. All charges might not be there since this is 3p data

All these caveats appply.

24 Likes