Equitas Small Finance Bank Ltd

Equitas Sma. Fin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Equitas Small Finance Bank Ltd

₹ 66.8 -0.09%
30 Apr - close price
equitasbank.com BSE: 543243 NSE: EQUITASBNK
About

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]

Key Points

Geographical Diversification[1][2]
It is present in 18 states & UTs with 1053 banking outlets & 390 ATMs. Company has highest number of branches in Tamil Nadu (348), Maharashtra (158), Karnataka (135). Similarly, Company get maximum business from Tamil Nadu (Advances 44%, Deposits 26%), followed by Maharashtra (Advances 16%, Deposits 19%) & Karanataka (Advances 13%, Deposits 7%)

Website BSE NSE
  • Market Cap ₹ 7,629 Cr.
  • Current Price ₹ 66.8
  • High / Low ₹ 73.4 / 50.0
  • Stock P/E 74.0
  • Book Value ₹ 53.7
  • Dividend Yield 0.00 %
  • ROCE 6.44 %
  • ROE 1.69 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 23.0% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.93% over last 3 years.
  • Earnings include an other income of Rs.1,074 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,156 1,254 1,359 1,429 1,445 1,501 1,555 1,612 1,644 1,649 1,617 1,692 1,836
Interest 449 511 593 644 659 699 753 794 815 863 844 840 856
685 662 680 715 758 974 1,021 967 1,002 1,375 969 1,027 965
Financing Profit 22 81 86 70 28 -173 -219 -149 -172 -589 -195 -176 15
Financing Margin % 2% 6% 6% 5% 2% -12% -14% -9% -10% -36% -12% -10% 1%
239 171 181 205 240 209 239 238 225 292 229 289 263
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 261 252 267 276 268 36 20 90 53 -297 34 114 278
Tax % 27% 24% 26% 27% 23% 28% 36% 26% 21% -25% 28% 21% 24%
190 191 198 202 208 26 13 66 42 -224 24 90 213
EPS in Rs 1.71 1.72 1.77 1.79 1.83 0.23 0.11 0.58 0.37 -1.96 0.21 0.79 1.86
Gross NPA % 2.76% 2.75% 2.27% 2.53% 2.61% 2.73% 2.95% 2.97% 2.89% 2.92% 2.92% 2.75% 2.60%
Net NPA % 1.21% 1.18% 0.97% 1.13% 1.17% 0.83% 0.97% 0.96% 0.98% 0.98% 0.98% 0.92% 0.72%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6 408 981 1,543 2,112 2,645 3,194 3,460 4,162 5,486 6,312 6,794
Interest 2 159 460 684 964 1,150 1,396 1,421 1,617 2,407 3,060 3,403
17 230 561 964 1,015 1,304 1,628 2,123 2,361 2,681 3,816 4,337
Financing Profit -13 19 -40 -105 133 191 170 -84 184 399 -564 -945
Financing Margin % -208% 5% -4% -7% 6% 7% 5% -2% 4% 7% -9% -14%
0 71 233 241 283 282 418 538 670 799 911 1,074
Depreciation 0 5 32 88 92 96 76 75 85 134 148 0
Profit before tax -13 85 161 49 324 377 511 378 769 1,063 199 128
Tax % 0% 0% 36% 34% 35% 35% 25% 26% 25% 25% 26% 20%
-13 85 104 32 211 244 384 281 574 799 147 103
EPS in Rs -2.13 2.01 1.04 0.32 2.09 2.31 3.37 2.24 5.16 7.04 1.29 0.90
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 19% 14% 78% 0%
Compounded Sales Growth
10 Years: 32%
5 Years: 16%
3 Years: 18%
TTM: 8%
Compounded Profit Growth
10 Years: 2%
5 Years: -23%
3 Years: -44%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: -3%
1 Year: 5%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 6%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 61 423 1,006 1,006 1,006 1,053 1,139 1,252 1,111 1,135 1,140 1,141
Reserves -13 288 1,006 1,038 1,248 1,691 2,257 2,994 4,047 4,834 4,933 4,984
Deposits 0 1,921 5,604 9,007 10,788 16,392 18,951 25,348 36,129 43,107 46,533
Borrowing 44 1,638 4,779 5,177 3,973 5,135 4,165 2,616 2,974 1,788 2,137 5,773
14 65 533 485 529 628 755 1,134 1,478 1,418 1,519 2,180
Total Liabilities 105 2,414 9,245 13,310 15,763 19,296 24,708 26,948 34,958 45,304 52,836 60,610
4 11 274 280 236 210 184 189 338 537 531 715
CWIP 0 0 15 1 2 2 1 11 41 68 165 0
Investments 0 0 1,890 3,857 2,344 2,343 3,705 4,450 6,665 9,065 9,289 10,149
102 2,403 7,066 9,172 13,181 16,740 20,818 22,297 27,914 35,634 42,851 49,746
Total Assets 105 2,414 9,245 13,310 15,763 19,296 24,708 26,948 34,958 45,304 52,836 60,610

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-101 -336 1,334 213 1,799 440 2,044 159 -998 3,834 1,937 -3,316
-3 -9 -405 -11 -7 -72 -43 -89 49 -360 -239 -185
108 168 -563 -28 -1,706 908 -1,154 -1,317 60 -1,210 259 3,641
Net Cash Flow 4 -177 366 173 86 1,276 847 -1,246 -888 2,264 1,957 140
Free Cash Flow -106 -344 1,041 133 1,751 367 1,995 68 -1,261 3,474 1,698 -3,501
CFO/OP 912% -161% 341% 42% 177% 43% 140% 24% -45% 147% 84% -132%

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % -49% 12% 8% 2% 10% 10% 13% 7% 12% 14% 2% 2%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2025
Cost of Funds
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Gross Advances - Micro Finance % Mix
%
Number of Employees
Number
Capital Adequacy Ratio (CAR)
%
CASA Ratio
%
Number of ATMs
Number
Number of Banking Outlets
Number
Tamil Nadu Advances Concentration
%

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
21.45% 18.16% 19.61% 19.50% 19.65% 16.91% 15.42% 16.47% 16.30% 15.67% 14.62% 14.74%
42.96% 43.93% 45.64% 45.21% 45.42% 43.66% 42.62% 42.70% 47.13% 48.20% 49.96% 50.87%
35.58% 37.91% 34.74% 35.28% 34.93% 39.42% 41.96% 40.82% 36.57% 36.13% 35.42% 34.38%
No. of Shareholders 3,24,1303,62,7513,61,7093,72,3043,81,6824,44,5444,57,3624,48,2614,33,8204,18,0504,05,8503,85,971

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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