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Suryoday Small Finance Bank Ltd

SURYODAY

Suryoday Small Finance Bank Ltd

SURYODAY
FinancialsPrivate Banks
SmallcapWith a market cap of ₹1,636 cr, stock is ranked 1,262
High RiskStock is 3.18x as volatile as Nifty
151.731.64% (+2.45)
151.731.64% (+2.45)

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Max
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FinancialsPrivate Banks
SmallcapWith a market cap of ₹1,636 cr, stock is ranked 1,262
High RiskStock is 3.18x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

Low

Undervalued compared to the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

FinancialsPrivate Banks
SmallcapWith a market cap of ₹1,636 cr, stock is ranked 1,262
High RiskStock is 3.18x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
7.010.91—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
18.342.550.94%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Suryoday Small Finance Bank is engaged in business of mortgage loans, commercial vehicles loans, loans to micro, small and medium enterprises.

Investor Presentation

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Oct 24, 2024

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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 24.81%, 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 0.11% to 0.15%

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 19.02%, vs industry avg of 43.24%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue200.01254.79324.92597.03854.13852.551,035.381,281.101,808.082,084.89
Raw Materialssubtract—————————1,775.55
Power & Fuel Costsubtract—————————
Employee Costsubtract41.9862.1387.22126.67171.37185.84228.16242.37360.82
Selling & Administrative Expensessubtract9.0721.7926.1641.7762.7191.15104.09116.04145.09
Operating & Other expensessubtract120.17144.87191.14280.26456.31548.42445.44778.51963.26
Depreciation/Amortizationsubtract1.342.154.665.599.7815.0319.3843.3351.35—
Interest & Other Itemssubtract——————————
Taxes & Other Itemssubtract0.008.755.6152.3343.040.24331.3423.1771.6175.83
EPS7.702.951.5412.1313.191.23-8.767.3220.3421.99
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 19PDF
Feb 3PDF
Feb 3PDF
FY 2023

Annual report

PDF

Investor Presentation

Jun 22PDF
May 15PDF
Feb 9PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 10PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 24PDF
 

Peers & Comparison

Comparing 3 stocks from 
FinancialsPrivate Banks

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Suryoday Small Finance Bank Ltd7.580.91—
HDFC Bank Ltd22.203.031.04%
ICICI Bank Ltd20.993.440.76%
Axis Bank Ltd13.602.280.09%

Price Comparison

Compare SURYODAY with any stock or ETF
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SURYODAY
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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 3.22%

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 almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding22.30%1.15%6.86%3.50%66.19%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep1.68%2.16%2.91%2.91%3.02%3.50%

Mutual Funds Holding Trend

Decreased 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 decreased by 1.71%

Top 3 Mutual Funds holding Suryoday Small Finance Bank Ltd




Funds (Top 3)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Axis Aggressive Hybrid Fund - Growth - Direct Plan

Growth
0.0415%0.04%-0.01%51/110 (-3)
Axis Small Cap Fund - Growth - Direct Plan

Growth
0.0000%0.00%-0.23%63/136 (+3)
ITI Banking & Financial Services Fund - Growth - Direct Plan

Growth
0.0000%0.00%-1.16%30/42 (+3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

SURYODAY has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Spotlight
Suryoday SFB slumps after Q2 PAT slides 10% YoY to Rs 45 cr

However, total income jumped 29.89% YoY to Rs 554.65 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 60.15 crore in Q2 FY25, registering de-growth of 11.12% from Rs 67.68 crore recorded in Q2 FY24. Net Interest Income (NII) grew by 35.7% to Rs 300 crore in Q2 FY25 from Rs 221 crore posted in the same quarter a year ago. Net interest margin improved to 9.7% in Q2 FY25 as compared with 9.4% registered in Q2 FY24. Pre Provisioning Operating Profit (PPoP) stood at Rs 126.9 crore in Q2 FY25, registering a growth of 34.5% from Rs 94.3 crore in Q2 FY24. As of 30 September 2024, the bank's gross non-performing assets (NPAs) stood at Rs 273.02 crore, an increase from Rs 240.99 crore as of 30 June 2024 and Rs 197.73 crore as of 30 September 2023. The bank's NPAs to gross advances stood at 3.03% in Q2 FY25, an increase from 2.84% in Q1 FY25 and up from 2.90% in Q2 FY24. The ratio of net NPAs to net advances was 0.80% as of 30 September 2024, compared to 0.47% as of 30 June 2024, and 1.46% as of 30 September 2023. In Q2 FY25, the provision coverage (Excluding Technical Write offs) ratio was at 74.3% as compared to 50.5% recorded in the corresponding quarter previous year. Disbursements stood at Rs 1,682 crore in Q2 FY25 as compared to Rs 1,598 crore posted in Q2 FY24, an increase of 5.2% YoY. Disbursement continues to be stable across all segments supported by significant traction in wheels and mortgages segments. The bank's deposits stood at Rs 8,851 crore, reflecting a 38.6% YoY increase. The CASA ratio was 17.9% as of September 2024, up from 15.7% reported in September 2023. The overall collection efficiency in the current bucket was 98.2% in Q2 FY25, down from 99.1% recorded in Q2 FY24. Additionally, the collection efficiency (adjusted for one EMI) stood at 93.1% in Q2 FY25, compared to 96% in Q2 FY24. During the quarter, the capital adequacy ratio was at 24.9%, with Tier I capital at 23.5% and Tier II capital at 1.4%. Baskar Babu Ramachandran, MD & CEO, Suryoday Small Finance Bank, said, 'The bank delivers a reasonable steady performance in H1 FY25, driven by growth in advances and deposits. Vikas Loan saw steady growth, supported by strong traction in the wheels and mortgages segments. On deposit mobilisation side industry is facing competition and to tackle this challenge we have been constantly upgrading and innovating our product portfolio. We remain focused to improve our deposit base by gradually increasing share of retail deposits, as on September 2024 our retail deposits stood at 80.2% of the total deposits. Overall the industry is passing through a difficult phase of asset quality deterioration but we through our prudent underwriting and robust risk management were able to maintain healthy asset quality, our GNPA has remained stable to 2.9% in Q2FY25 and our NNPA which stood at 1.4% in Q2FY24 has improved to 0.8% in Q2FY25. The bank continues to cover its eligible unsecured portfolio under the CGFMU scheme to mitigate risks. We as an institution believe in digital innovation to cater to the changing needs of our customers. Our Inclusive Finance loan disbursement process is completely digital and paperless. On the deposits front, we have invested in digital banking infrastructure which helps us source digital deposits through various platforms. In parallel, we continue to focus on widening our reach by adding new branches each year across the country. During the quarter, we opened our very first retail banking branch in the Jaipur which signifies our commitment to expand the footprint in northern India. We have also opened Smart Banking Outlets (SBOs) in certain micro markets. These SBOs are customer touch points which offer all banking services but have a focused target segment within around 2 km radius. We remain committed to deliver better performance across all business performance parameters and going forward the bank will keep on investing in branches, people, and technology to serve the economy better.' Suryoday Small Finance Bank is a scheduled commercial bank. Commencing its operations as an NBFC and for over a decade with a clear focus on serving customers in the unbanked and underbanked segments and promoting financial inclusion. The bank has a wide presence across 15 states and UTs across India through its 704 banking outlets, with a strong presence in Maharashtra, Tamil Nadu and Odisha. It offers a wide array of services to our customers, through our array of asset and liability products, via our multiple delivery channels. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Suryoday Small Finance Bank standalone net profit declines 9.76% in the September 2024 quarter

Net profit of Suryoday Small Finance Bank declined 9.76% to Rs 45.39 crore in the quarter ended September 2024 as against Rs 50.30 crore during the previous quarter ended September 2023. Total Operating Income rose 35.17% to Rs 507.20 crore in the quarter ended September 2024 as against Rs 375.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income507.20375.24 35 OPM %43.3645.33 - PBDT60.1567.68 -11 PBT60.1567.68 -11 NP45.3950.30 -10 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Suryoday Small Finance Bank schedules board meeting

Suryoday Small Finance Bank will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Suryoday Small Finance Bank to convene AGM

Suryoday Small Finance Bank announced that the Annual General Meeting (AGM) of the bank will be held on 12 September 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Suryoday Small Finance Bank standalone net profit rises 47.18% in the June 2024 quarter

4 months agoBusiness Standard
Earnings
Suryoday Small Finance Bank standalone net profit rises 47.18% in the June 2024 quarter

Net profit of Suryoday Small Finance Bank rose 47.18% to Rs 70.06 crore in the quarter ended June 2024 as against Rs 47.60 crore during the previous quarter ended June 2023. Total Operating Income rose 36.31% to Rs 488.12 crore in the quarter ended June 2024 as against Rs 358.09 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Total Operating Income488.12358.09 36 OPM %44.5540.71 - PBDT92.7263.42 46 PBT92.7263.42 46 NP70.0647.60 47 Powered by Capital Market - Live

4 months agoCapital Market - Live

Suryoday Small Finance Bank Q1 results: Net profit rises 47% to Rs 70 cr

4 months agoBusiness Standard

Suryoday Small Finance Bank Q1 Results: Profit jumps 46% to Rs 93 crore

4 months agoEconomic Times
Corporate
Suryoday Small Finance Bank schedules board meeting

Suryoday Small Finance Bank will hold a meeting of the Board of Directors of the Company on 1 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Suryoday Small Finance Bank buys office space in Navi Mumbai for Rs 100 cr

4 months agoEconomic Times