Operates as a small finance bank in India, taking deposits and lending primarily to retail customers including microfinance borrowers, small businesses, and commercial vehicle operators. The retail segment accounts for 84.4% of segment revenue (Rs 2,700 crore YTD as of December 2024) and includes joint liability group (JLG) loans, micro-banking business loans (MBBL), and secured retail lending. The bank has deliberately cut JLG exposure from ~88% to ~28% of the gross loan book while raising secured lending to 51% of the portfolio. Treasury contributes 9.7% (Rs 310 crore) from the investment book. Wholesale lending contributes 5.9% (Rs 188 crore) covering commercial vehicle and construction equipment loans. FY26 closed with a Rs 1,151 crore loss driven by microfinance asset quality stress, though Q4 FY26 saw fresh NPA slippages fall to ~Rs 170 crore (from ~Rs 710 crore YoY) and Q1 FY27 narrowed the loss to Rs 34 crore. The bank raised Rs 950 crore in equity in November 2025. The main cost is interest paid on deposits and borrowings, with cost of funds at 7.9% in Q4 FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail (84%), Treasury (10%), Wholesale (6%). Small finance bank, microfinance-anchored, recovering from recent asset quality stress
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | 498 | 24 | (1,151) |
| EPS, as reported (₹) | 4.79 | 0.22 | (8.37) |
| ROE % · ROCE % | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — |
| Cash from operations | 991 | 876 | 781 |
| Capex | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 68 | (238) | 11 | (319) | (465) | (491) | (232) | (45) |
| Net profit | 51 | (168) | 3 | (239) | (348) | (375) | (188) | (34) |
| EPS (₹) | 0.47 | (1.53) | 0.03 | (2.17) | (3.16) | (2.46) | (1.06) | (0.19) |
| 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 · Utkarsh SFB to raise up to Rs 300 crore via Tier II bonds | fund raising | high | — | — |
| 3 Sept 2026 · Utkarsh SFB gets CARE A- Stable on 500 cr Tier II bond plan | credit debt | medium | — | — |
| 1 Sept 2026 · Utkarsh SFB to attend Ashwamedh Elara India Dialogue 2026 investor meet | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Utkarsh Small Finance Bank gets ESG score of 63 from independent agency | business updates | medium | — | — |
| 19 Aug 2026 · Planned Downtime for Core Banking System Migration | business updates | medium | — | — |
| 17 Aug 2026 · Utkarsh Small Finance Bank gets ESG rating of 71.80 from SES ESG Research | credit debt | medium | — | — |
| 7 Aug 2026 · Utkarsh SFB Q1 FY27: net loss narrows 80%, targets 8% NIM and 15% ROE by FY28 | investor communications | medium | — | — |
| 5 Aug 2026 · All resolutions passed at Utkarsh SFB 10th AGM with over 99.9% approval | compliance | minimal | — | — |
| 4 Aug 2026 · Utkarsh SFB holds 10th AGM on Aug 4, 2026; 5 resolutions tabled | board shareholder meetings | medium | — | — |
| 3 Aug 2026 · Earnings call audio recording for Q1FY27 made available | investor communications | low | — | — |
| 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 |
|---|---|---|---|---|
| Profit growth | 85.8 | 85.8 | 5 of 9 | 50% |
| Market cap | 2584 | 2584 | 5 of 9 | 50% |
| 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.
