NSE: CAPITALSFB · BSE: 544120
CAPITAL SMALL FIN BANK L
A small finance bank operating primarily in Punjab with growing presence in other states. It runs a deposit-led retail franchise with 36.7% CASA in Q1 FY27 and total deposits of Rs 10,596 cr, against a gross loan book of Rs 9,074 cr (Q1 FY27). Lending is concentrated in retail and MSME borrowers — business loans made up 27% of the book and grew 49% YoY, with an average ticket size of Rs 19.04 lakhs and 98% of the book secured against immovable property or FDR. Revenue is split into Retail Banking at 73.0% of period segment revenue, Treasury at 16.2%, Wholesale Banking at 7.5%, and Other Banking Operations at 3.3% (for the period ending 31 Dec 2024). Net interest margin in Q1 FY27 was 4.21%, supported by a fall in cost of deposits to 5.6% as high-priced term deposits were repriced. Asset quality strengthened, with GNPA at 2.47% and NNPA at 1.14% in Q1 FY27. The bank runs 216 branches across 5 states and 2 union territories, with 77.3% of branches in SURU (semi-urban and rural) markets. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (73%), Treasury (16%), Wholesale Banking (8%), Other Banking Operations (3%). Small finance bank — retail/MSME-focused, deposit-led franchise, largely secured lending
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | 112 | 132 | 141 |
| EPS, as reported (₹) | 30.65 | 29.18 | 31.20 |
| ROE % · ROCE % | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — |
| Cash from operations | 113 | 279 | (385) |
| Capex | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 44 | 46 | 91 | 43 | 89 | 46 | 54 | 55 |
| Net profit | 33 | 34 | 68 | 32 | 67 | 34 | 40 | 41 |
| EPS (₹) | 7.41 | 7.55 | 15.13 | 7.08 | 14.78 | 7.60 | 8.82 | 9.09 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| AU SMALL FINANCE BANK LTD | 63,513 | 22.2 | — | — | — | — | — | — |
| UJJIVAN SMALL FINANC BANK | 10,783 | 11.9 | — | — | — | — | — | — |
| EQUITAS SMALL FIN BNK LTD | 7,400 | 14.5 | — | — | — | — | — | — |
| JANA SMALL FIN BANK LTD | 4,144 | 10.9 | — | — | — | — | — | — |
| UTKARSH SMALL FIN BANK L | 2,095 | — | — | — | — | — | — | — |
| ESAF SMALL FINANCE BANK L | 2,000 | 19.3 | — | — | — | — | — | — |
| SURYODAY SMALL FIN BK LTD | 1,385 | 7.2 | — | — | — | — | — | — |
| CAPITAL SMALL FIN BANK L ◆ | 1,164 | 6.3 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.3 | 13.2 | 1 of 8 | 100% |
| Profit growth | 29.0 | 85.8 | 8 of 9 | 13% |
| Market cap | 1164 | 2095 | 8 of 9 | 13% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Board meeting set for October 29 to review results and bond proposal | board shareholder meetings | low | — | — |
| 14 Oct 2026 · Capital Small Finance Bank Q2 and H1 FY27 earnings call on Oct 30 | board shareholder meetings | low | — | — |
| 14 Oct 2026 · Board meeting on Oct 29, 2026 to consider Q2 FY27 results | results | low | — | — |
| 7 Oct 2026 · Routine RTA certificate for Q2 FY27 demat confirmation | compliance | minimal | — | — |
| 6 Oct 2026 · Capital Small Finance Bank allots 25,885 equity shares under ESOP | capital market events | low | — | — |
| 6 Oct 2026 · Capital Small Fin Bank allots ESOP shares to employees | capital market events | low | — | — |
| 6 Oct 2026 · ESOP allotment of 25,885 shares approved by Securities Committee | capital market events | low | — | — |
| 1 Oct 2026 · Securities Committee to consider ESOP share allotments on Oct 6, 2026 | capital market events | low | — | — |
| 1 Oct 2026 · Securities Committee meeting on Oct 6, 2026 for ESOP allotments | capital market events | low | — | — |
| 1 Oct 2026 · Capital SFB Q2FY27 advances up 23% YoY, NPA improves to 2.36% | business updates | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.