Operates as a Small Finance Bank focused on financial inclusion, earning the bulk of its revenue from Retail banking, which accounted for 85.7% of segment revenue in the YTD period to 31 December 2024. Retail covers micro banking loans to small borrowers, alongside secured products such as gold loans, vehicle loans and agri banking; the secured share of the loan book stood at 50.4% as of Q1 FY27, with gold loans scaling to INR 1,020 crore (up 248.6% YoY). Treasury contributes 11.7% of segment revenue from the bank's investment portfolio, while Wholesale banking at 2.6% covers lending to small and mid-sized businesses. The bank funds itself primarily through deposits, with total deposits at INR 48,129 crore (CASA ratio 26.8%) and a gross loan book of INR 42,903 crore at Q1 FY27. Its cost base is dominated by interest expense on these deposits, and net interest margin was reported at 8.5%. Asset quality is the key swing factor: gross NPA stood at 2.17% with bucket-X collection efficiency at 99.7%, and FY26 credit cost was 2.2% of average gross loan book. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail (86%), Treasury (12%), Wholesale (3%). Small Finance Bank with a secured/unsecured mix actively being rebalanced toward secured lending; deposit-funded balance sheet
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | (415) | 1,100 | 1,281 | 726 | 693 |
| EPS, as reported (₹) | (2.40) | 5.88 | 6.65 | 3.75 | 3.57 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 2,547 | 1,060 | 1,582 | 2,028 | 1,843 |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 310 | 136 | 95 | 136 | 160 | 244 | 371 | 421 |
| Net profit | 233 | 109 | 83 | 103 | 122 | 186 | 282 | 317 |
| EPS (₹) | 1.21 | 0.56 | 0.43 | 0.53 | 0.63 | 0.96 | 1.45 | 1.63 |
| 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 · Investor meetings scheduled with Millennium, Pictet and others | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Ujjivan SFB announces investor meetings with Whiteoak Capital and Ambit Capital | board shareholder meetings | low | — | — |
| 6 Sept 2026 · ESOP Allotment: 25.16 Lakh Shares Issued to Employees | capital market events | low | — | — |
| 4 Sept 2026 · Ujjivan SFB schedules meetings with ICICI Pru Life and HDFC Life | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Investor Call Transcript: MD Early Retirement, Carol as Interim CEO | investor communications | medium | — | — |
| 2 Sept 2026 · Ujjivan SFB gets ESG rating of 72 (Leader) from NSE Sustainability | business updates | medium | — | — |
| 1 Sept 2026 · RBI approves Carol Furtado as interim CEO for 3 months | management changes | high | — | — |
| 1 Sept 2026 · Audio recording of investor call on directorate change now available | investor communications | medium | — | — |
| 1 Sept 2026 · Conference call on Sep 1 to discuss Change in Directorate | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Ujjivan SFB MD & CEO Sanjeev Nautiyal takes early retirement, Carol Furtado named acting chief | management changes | critical | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 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) | 14.1 | 15.4 | 3 of 8 | 71% |
| Profit growth | 206.7 | 85.8 | 1 of 9 | 100% |
| Market cap | 12819 | 2584 | 2 of 9 | 88% |
| 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 |
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.
