Equitas Small Finance Bank Ltd
Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank. [1] [2]
- Market Cap ₹ 7,333 Cr.
- Current Price ₹ 64.5
- High / Low ₹ 116 / 61.4
- Stock P/E 16.3
- Book Value ₹ 52.6
- Dividend Yield 1.53 %
- ROCE 8.97 %
- ROE 14.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 30.6% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.7% over last 3 years.
- Earnings include an other income of Rs.894 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Part of BSE Diversified Financials Revenue Growth Index (I BSE SmallCap Select Index BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 0 | 6 | 408 | 981 | 1,543 | 2,112 | 2,645 | 3,194 | 3,460 | 4,162 | 5,486 | 5,929 |
Interest | 0 | 2 | 159 | 460 | 684 | 964 | 1,150 | 1,396 | 1,421 | 1,617 | 2,407 | 2,754 |
0 | 17 | 230 | 561 | 964 | 1,015 | 1,304 | 1,628 | 2,123 | 2,361 | 2,681 | 3,468 | |
Financing Profit | -0 | -13 | 19 | -40 | -105 | 133 | 191 | 170 | -84 | 184 | 399 | -294 |
Financing Margin % | -1,100% | -208% | 5% | -4% | -7% | 6% | 7% | 5% | -2% | 4% | 7% | -5% |
0 | 0 | 71 | 233 | 241 | 283 | 282 | 418 | 538 | 670 | 799 | 894 | |
Depreciation | 0 | 0 | 5 | 32 | 88 | 92 | 96 | 76 | 75 | 85 | 134 | 0 |
Profit before tax | -0 | -13 | 85 | 161 | 49 | 324 | 377 | 511 | 378 | 769 | 1,063 | 600 |
Tax % | 0% | 0% | 0% | 36% | 34% | 35% | 35% | 25% | 26% | 25% | 25% | |
-0 | -13 | 85 | 104 | 32 | 211 | 244 | 384 | 281 | 574 | 799 | 448 | |
EPS in Rs | -3.96 | -2.13 | 2.01 | 1.04 | 0.32 | 2.09 | 2.31 | 3.37 | 2.24 | 5.16 | 7.04 | 3.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 19% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 20% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 28% |
TTM: | -40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
1 Year: | -37% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 61 | 423 | 1,006 | 1,006 | 1,006 | 1,053 | 1,139 | 1,252 | 1,111 | 1,135 |
Reserves | -0 | -13 | 288 | 1,006 | 1,038 | 1,248 | 1,691 | 2,257 | 2,994 | 4,047 | 4,834 |
0 | 44 | 1,638 | 6,700 | 10,781 | 12,980 | 15,923 | 20,557 | 21,567 | 28,322 | 37,917 | |
0 | 14 | 65 | 533 | 485 | 529 | 628 | 755 | 1,134 | 1,478 | 1,418 | |
Total Liabilities | 5 | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,948 | 34,958 | 45,304 |
0 | 4 | 11 | 274 | 280 | 236 | 210 | 184 | 189 | 338 | 537 | |
CWIP | 0 | 0 | 0 | 15 | 1 | 2 | 2 | 1 | 11 | 41 | 68 |
Investments | 0 | 0 | 0 | 1,890 | 3,857 | 2,344 | 2,343 | 3,705 | 4,450 | 6,665 | 9,065 |
5 | 102 | 2,403 | 7,066 | 9,172 | 13,181 | 16,740 | 20,818 | 22,297 | 27,914 | 35,634 | |
Total Assets | 5 | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,948 | 34,958 | 45,304 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-336 | 1,334 | 213 | 1,799 | 440 | 2,044 | 159 | -998 | 4,297 | |||
-9 | -405 | -11 | -7 | -72 | -43 | -89 | 49 | -421 | |||
168 | -563 | -28 | -1,706 | 908 | -1,154 | -1,317 | 60 | -1,612 | |||
Net Cash Flow | -177 | 366 | 173 | 86 | 1,276 | 847 | -1,246 | -888 | 2,264 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | -49% | 8% | 2% | 10% | 10% | 13% | 7% | 12% | 14% |
Documents
Announcements
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Disclosure Under SEBI Master Circular No. SEBI/HO/DDHS/Pod1/P/CIR/2023/119 Dated August 10, 2021 As Amended From Time To Time
23h - Disclosure of listing approval for Rs. 500 crores NCDs.
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Order Under Section 74 Of Gujrat Goods And Services Tax (GGST) Act, 2017
2d - Received tax demand order of Rs. 53,680 from GST.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
7 Dec - Equitas Small Finance Bank Limited has informeds regarding allotment of 236997 equity shares pursuant to exercise of Employees Stock Options under the ESFB Employee Stock …
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Announcement under Regulation 30 (LODR)-Allotment
5 Dec - Allotment of 50,000 Non-Convertible Debentures worth Rs. 500 crores.
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Schedule Of Analyst/Institutional Investor Meet
3 Dec - Schedule of analyst meeting with JM Financial.
Annual reports
Concalls
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Nov 2024TranscriptPPT
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Nov 2024Transcript PPT REC
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Jul 2024Transcript PPT
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Apr 2024Transcript PPT
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Sep 2021TranscriptPPT
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Jul 2021Transcript PPT
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Jul 2021TranscriptNotesPPT
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Apr 2021Transcript PPT
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Jan 2021Transcript PPT
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Dec 2020Transcript PPT
Geographical Diversification
It is present in 18 states & UTs with 964 Banking outlets & 365 ATMs [1] Company has highest number of branches in Tamil Nadu (335), Maharashtra (152), Karnataka (110). Similarly, Company get maximum business from Tamil Nadu (Advances 49%, Deposits 28%), followed by Maharashtra (Advances 15%, Deposits 13%) & Karanataka (Advances 12%, Deposits 9%)[2]