A small finance bank with 717 offices across 15 states and 8,759 employees, focused on financial inclusion through a retail-led model. Retail Banking generates 84.3% of segment revenue, offering microfinance, commercial vehicle finance, mortgages, and deposit products to retail and small-business customers. The bank is shifting its microfinance book from joint-liability group lending to individual Vikas loans, with 80% of monthly onboarding now individual. Treasury contributes 9.4% and Corporate banking 4.9% (the latter loss-making at EBIT), with the corporate book in run-down. The dominant cost line is the cost of funds (deposits), while credit cost is a major earnings swing factor, partly offset by Credit Guarantee Fund for Micro Units (CGFMU) claims of ₹387 cr received in Q1 FY27. FY26 net profit was ₹151.97 cr on total assets of ₹19,883.96 cr. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (84%), Treasury (9%), Corporate (5%), Other Banking Operations (1%). Retail-led small finance bank with microfinance core; transitioning from JLG to individual lending and building secured retail book
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | (93) | 78 | 216 | 115 | 152 |
| EPS, as reported (₹) | (8.76) | 7.32 | 20.34 | 10.82 | 14.30 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (347) | (98) | 935 | 1,320 | 652 |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 60 | 38 | (47) | 47 | 39 | 48 | 66 | 102 |
| Net profit | 45 | 33 | (34) | 35 | 30 | 37 | 50 | 75 |
| EPS (₹) | 4.27 | 3.13 | (3.18) | 3.32 | 2.86 | 3.44 | 4.68 | 7.07 |
| 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 % |
|---|---|---|---|---|
| 9 Sept 2026 · Suryoday SFB grants 1,59,672 ESOPs at Rs. 195.53 to employees | general | low | — | — |
| 13 Aug 2026 · ESOP Allotment: 6,825 Equity Shares Issued Under Suryoday ESOP Scheme 2019 | capital market events | low | — | — |
| 9 Aug 2026 · Suryoday SFB: Company Secretary resigns, Independent Director tenure ends | management changes | high | — | — |
| 9 Aug 2026 · Independent Director retires; Company Secretary resigns at Suryoday SFB | management changes | medium | — | — |
| 7 Aug 2026 · Suryoday SFB 18th AGM: All 9 resolutions passed, Rs 1.50 dividend approved | board shareholder meetings | low | — | — |
| 6 Aug 2026 · AGM results: all 9 resolutions passed; Rs 1.50 dividend, Rs 500 Cr fund raising approved | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Suryoday SFB AGM: All 9 Resolutions Passed Including Dividend and Fund Raising | board shareholder meetings | medium | — | — |
| 30 Jul 2026 · Promoters to buy Suryoday Small Fin Bank shares worth Rs 1.5 cr | compliance | minimal | — | — |
| 29 Jul 2026 · Suryoday SFB Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 25 Jul 2026 · Suryoday SFB Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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) | 8.2 | 15.4 | 2 of 8 | 86% |
| Profit growth | 113.1 | 85.8 | 4 of 9 | 63% |
| Market cap | 1565 | 2584 | 7 of 9 | 25% |
| 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 |
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.
