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Equitas Small Finance Bank Ltd

EQUITASBNK

Equitas Small Finance Bank Ltd

EQUITASBNK
FinancialsPrivate Banks
SmallcapWith a market cap of ₹7,453 cr, stock is ranked 669
Moderate RiskStock is 2.25x as volatile as Nifty
64.331.67% (-1.09)
64.331.67% (-1.09)

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FinancialsPrivate Banks
SmallcapWith a market cap of ₹7,453 cr, stock is ranked 669
Moderate RiskStock is 2.25x as volatile as Nifty

How to use scorecard? Learn more

FinancialsPrivate Banks
SmallcapWith a market cap of ₹7,453 cr, stock is ranked 669
Moderate RiskStock is 2.25x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
16.631.251.52%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
18.532.580.94%

Forecast & Ratings

Detailed Forecast 
71%
Analysts have suggested that investors can buy this stock

from 14 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Equitas Small Finance Bank Limited’s lines of business include Micro and Small Enterprise and Corporate Banking, Emerging Enterprise Banking, Inclusive Banking, Consumer Banking and Outreach Banking.

Investor Presentation

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Nov 8, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 21.28%, vs industry avg of 16.68%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.44% to 0.53%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 30.57%, vs industry avg of 43.24%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue479.361,214.281,783.932,394.832,927.793,612.463,997.234,831.476,285.076,822.84
Raw Materialssubtract—————————6,222.93
Power & Fuel Costsubtract—————————
Employee Costsubtract93.46318.04515.41551.31709.79791.45898.211,096.681,368.83
Selling & Administrative Expensessubtract47.49133.06252.07282.01318.08308.46444.22566.41687.60
Operating & Other expensessubtract248.55570.02880.421,146.011,426.761,924.862,201.402,315.033,031.09
Depreciation/Amortizationsubtract4.7431.7187.5191.7896.4576.4375.2884.54134.42—
Interest & Other Itemssubtract——————————
Taxes & Other Itemssubtract0.0057.3216.69113.17133.08127.0497.38195.22264.17151.64
EPS2.011.460.322.092.373.502.354.867.123.95
DPS0.000.000.000.000.000.000.001.001.001.00
Payout ratio0.000.000.000.000.000.000.000.210.140.25

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Apr 29PDF
Jan 28PDF
FY 2022

Annual report

PDF

Investor Presentation

May 4PDF
Jul 30PDF
FY 2023

Annual report

PDF

Investor Presentation

May 5PDF
Feb 8PDF
Oct 31PDF
Jul 28PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 8PDF
 

Peers & Comparison

Comparing 3 stocks from 
FinancialsPrivate Banks

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Equitas Small Finance Bank Ltd9.331.251.52%
HDFC Bank Ltd22.293.041.04%
ICICI Bank Ltd21.223.480.75%
Axis Bank Ltd13.532.270.09%

Price Comparison

Compare EQUITASBNK with any stock or ETF
Compare EQUITASBNK with any stock or ETF
EQUITASBNK
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 2.64%

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 2.74%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%38.22%5.45%16.91%39.42%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep21.45%18.16%19.60%19.50%19.65%16.91%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Equitas Small Finance Bank Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Small Cap Fund - Growth - Direct Plan

Growth
5.2696%1.16%-0.30%36/92 (-12)
Franklin India Smaller Companies Fund - Growth - Direct Plan

Growth
4.5069%2.41%-0.27%5/103 (-1)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH

Growth
2.7682%0.49%-0.19%87/111 (-10)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Equitas Small Finance Bank Ltd

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 9, 2024

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Aug 9, 2024

Cash Dividend

Ex DateEx DateJul 28, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Jul 28, 2023

News & Opinions
Corporate
Equitas Small Finance Bank allots 2.36 lakh equity shares under ESOP

Equitas Small Finance Bank has allotted 2,36,997 equity shares of Rs.10/- each, to the option grantees who have exercised their options granted under the ESOP Scheme. The paid-up share capital of the Bank accordingly increases from Rs.11,39,08,44,530/- to Rs. 11,39,32,14,500/-. Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
Equitas SFB hits 52-week low after Q2 PAT slumps 94% YoY

Total income stood at Rs 1,793.80 crore in second quarter of FY25, registering a growth of 16.45% on YoY basis. Profit before tax tanked 92.49% year on year (YoY) to Rs 20.06 crore in the quarter ended 30 September 2024. Net interest income in September 2024 quarter stood at Rs 802 crore, up 4.7% from Rs 766 crore posted in same quarter a year ago. Net interest margin (NIM) reduced to 7.69% in Q2 of FY25 as compared to 8.43% recorded in corresponding quarter last year. On asset quality front, gross non-performing assets (GNPA) improved to 2.95% in Q2 FY25 as compared to 2.12% in Q2 FY24. Net non-performing assets (NNPA) increased to 0.97% in Q2 FY25 as compared to 0.91% in Q2 FY25. Gross slippages stood at 5.80% in September 2024 quarter as compared to 3.47% in same quarter previous fiscal. Gross advances stood at Rs 36,053 crore, registering a growth of 15.45% YoY. The bank registered disbursements de-growth of 2.24% YoY to Rs 4,850 crore. Deposits grew 29.25% YoY to reach Rs 39,859 crore. During the quarter, return on assets (ROA) and return on equity (ROE) stood at 0.11% and 0.86%, respectively. The bank's net worth stood at Rs 5,947 crore. As of 30 September 2024, Total CRAR at 19.36%, Tier I at 18.11% and Tier II at 1.25%. The bank's liquidity coverage ratio (LCR) as on 30 September 2024 was 158.79%. Equitas Small Finance Bank offers products and services to meet the needs of individuals with limited access to formal financing channels, as well as affluent and mass affluent, small & medium enterprises (SMEs) and corporates. The counter hit a 52 week low of Rs 64.09 on the BSE. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Earnings
Equitas Small Finance Bank standalone net profit declines 93.50% in the September 2024 quarter

Net profit of Equitas Small Finance Bank declined 93.50% to Rs 12.88 crore in the quarter ended September 2024 as against Rs 198.14 crore during the previous quarter ended September 2023. Total Operating Income rose 14.41% to Rs 1554.87 crore in the quarter ended September 2024 as against Rs 1358.99 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1554.871358.99 14 OPM %34.3249.97 - PBDT20.06267.00 -92 PBT20.06267.00 -92 NP12.88198.14 -93 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Equitas Small Finance Bank approves raising Rs 750 cr Tier II Capital

The Board of Equitas Small Finance Bank at its meeting held on 08 November 2024 has approved the issuance of upto 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Non-Convertible Debentures having a face value of Rs.1,00,000/- each, of the aggregate nominal value of up to Rs.500 crore including a green shoe option of up to 25,000 Rated, Listed, Unsecured, Redeemable, Fully Paid-Up, Subordinated Non-Convertible Debentures having a face value of Rs. 1,00,000  aggregating up to Rs. 250 crore, in a single series, for inclusion as Tier II Capital. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Equitas Small Finance Bank to conduct board meeting

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Equitas Small Finance Bank receives affirmation in credit ratings

Equitas Small Finance Bank has received revision in credit ratings from India Rating and Research as under: Issuer rating - IND AA-/ Stable (affirmed) Tier II bonds (Proposed) - IND AA-/ Stable (assigned) Certificate of deposits - IND A1+ (affirmed) Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Equitas SFB total deposits jump 29% YoY in Q2 FY25

On quarter on quarter (QoQ) basis, total deposits rose 6.22% from Rs 37,524 crore posted on 30 June 2024. Total gross advances increased 15.44% year on year (YoY) and 3.38% QoQ to Rs 36,050 crore as on 30 September 2024. The total gross advances include an Inter-Bank Participation Certificates (IBPC)/Securitized/Assigned portfolio amounting to Rs 1,396 crore as of 30 September 2024, down from Rs 2,321 crore in June 2024. As of 30 September 2024, CASA (Current Account Savings Account) deposits stood at Rs 12,184 crore, registering a growth of 17.37% YoY and 3.92% QoQ. The bank's CASA ratio was at 31% as on 30 September 2024, a decline from 34% posted as on 30 September 2023. Cost of funds increased to 7.50% in Q2 FY25 from 7.21% in Q2 FY24 and 7.46% in Q1 FY25. 'The Bank witnessed strong growth in Small Business Loans and Affordable Housing Finance and has gone cautious on Micro finance. The Microfinance Industry continues to see stress with delinquencies remaining at elevated levels. We expect to see stress for some more time. The Bank will continue to work with other industry players to improve lending practices which should bring the comfort back in this product,' the bank stated in exchange filing. Further the bank said, 'Micro finance contributes around 16% to the total advances of the bank as of Sep'24 and is expected to contract in the long term. The Bank is putting in extra focus in products such as the Micro Loan against Property for small businesses, which addresses the top end of the Micro finance customer segment. Over time, as this momentum picks up, we expect this to balance out the expected drop in Micro finance growth. Deposits continue to grow strongly, and we were able to maintain the CASA ratio after a few quarters of drop.' Equitas Small Finance Bank is one of the largest small finance banks in India. The bank reported 86.5% fall in net profit to Rs 25.76 crore in Q1 FY25 as against Rs 191.20 crore posted in Q1 FY24. The bank's total income jumped 19.9% YoY to Rs 1,709.66 crore in Q1 FY25. The counter rose 0.24% to end at Rs 75.26 on Friday, 4 October 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Equitas Small Finance Bank allots 12.16 lakh equity shares under ESOP

Equitas Small Finance Bank has allotted 12,16,024 equity shares under ESOP on 12 August 2024. The paid-up share capital of the Bank accordingly increases from Rs.11,36,64,72,390/- to Rs.11,37,86,32,630/-Powered by Capital Market - Live

3 months agoCapital Market - Live

Mid, SmallCap indices dip 4% each; LIC Housing, IRFC, CG Power tank over 5%

4 months agoBusiness Standard
BPCL, Ultratech Cement, IEX, Bandhan Bank Gain While Cipla, CSB Bank, Equitas SFB Under Pressure
4 months agoCNBC-TV18