Operates as a small finance bank taking deposits and lending primarily to retail and small-business customers. As of Q1 FY27, gross advances stood at Rs 47,641 cr, up 27% YoY, with disbursements of Rs 6,784 cr in the quarter; lending is led by used CV, used car, housing finance, small business loans and microfinance. Deposits totalled Rs 48,900 cr with a CASA ratio of 25%. In the YTD period ending December 2024, retail banking accounted for 85.0% of segment revenue, treasury contributed 12.4%, other banking operations 1.6%, and wholesale banking 0.9%. Net interest margin was 7.24% in Q1 FY27 on interest income of Rs 1,960 cr. Asset quality showed GNPA at 2.36% with credit cost at 1.37%, and capital adequacy ratio at 19.44%. The largest cost is the cost of funds, which stood at 7.05% in Q1 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (85%), Treasury (12%), Other Banking operations (2%), Wholesale Banking (1%). Small finance bank, retail-lending focused, sensitive to interest rate cycles
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 281 | 574 | 799 | 147 | 103 |
| EPS, as reported (₹) | 2.43 | 4.71 | 7.12 | 1.29 | 0.90 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 159 | (1,302) | 4,298 | 1,937 | (3,316) |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 20 | 90 | 53 | (297) | 34 | 114 | 278 | 244 |
| Net profit | 13 | 66 | 42 | (224) | 24 | 90 | 213 | 184 |
| EPS (₹) | 0.11 | 0.58 | 0.37 | (1.96) | 0.21 | 0.79 | 1.86 | 1.61 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| AU SMALL FINANCE BANK LTD | 79,309 | 27.7 | — | — | — | — | — | — |
| UJJIVAN SMALL FINANC BANK | 12,819 | 14.1 | — | — | — | — | — | — |
| EQUITAS SMALL FIN BNK LTD ◆ | 8,426 | 16.5 | — | — | — | — | — | — |
| JANA SMALL FIN BANK LTD | 5,462 | 14.4 | — | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · AGM outcome: QIP of Rs 1,250 cr approved, MD re-appointed | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Equitas SFB AGM results: all 10 resolutions passed; QIP up to Rs 1,250 cr approved | compliance | minimal | — | — |
| 10 Sept 2026 · Equitas SFB gets ESG score of 62 from independent rating provider | business updates | low | — | — |
| 9 Sept 2026 · Equitas SFB 10th AGM: Rs 1,250 cr QIP and MD & CEO re-appointment among 10 resolutions | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Equitas SFB board to consider Tier II NCD issuance on Sep 16 | fund raising | medium | — | — |
| 9 Sept 2026 · Equitas SFB board to consider raising capital via Tier II bonds on Sep 16 | fund raising | high | — | — |
| 8 Sept 2026 · Equitas SFB gets AA- rating affirmed; new Tier II bond rated | credit debt | medium | — | — |
| 8 Sept 2026 · Equitas SFB gets CARE AA- Stable rating for proposed Rs 500 crore Tier II Bonds | credit debt | medium | — | — |
| 8 Sept 2026 · ESOP allotment of 1,94,810 equity shares | capital market events | low | — | — |
| 8 Sept 2026 · CARE Ratings reaffirms AA- Stable rating for Equitas SFB | credit debt | medium | — | — |
| 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 |
| UTKARSH SMALL FIN BANK L |
| 2,584 |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| ESAF SMALL FINANCE BANK L | 2,042 | 19.7 | — | — | — | — | — | — |
| SURYODAY SMALL FIN BK LTD | 1,565 | 8.2 | — | — | — | — | — | — |
| CAPITAL SMALL FIN BANK L | 1,233 | 6.7 | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.5 | 15.4 | 5 of 8 | 43% |
| Profit growth | 182.1 | 85.8 | 3 of 9 | 75% |
| Market cap | 8426 | 2584 | 3 of 9 | 75% |
| 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 |
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.
