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

₹ 63.4 -0.52%
14 Jul - 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
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]

Website BSE NSE
  • Market Cap ₹ 7,236 Cr.
  • Current Price ₹ 63.4
  • High / Low ₹ 92.7 / 52.0
  • Stock P/E 49.2
  • Book Value ₹ 53.3
  • Dividend Yield 1.58 %
  • ROCE 6.85 %
  • ROE 2.44 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.19 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.33% over last 3 years.
  • Earnings include an other income of Rs.911 Cr.
  • Dividend payout has been low at 11.2% of profits over last 3 years

* 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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Part of BSE SmallCap BSE Allcap BSE Financial Services Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
896 940 1,002 1,063 1,156 1,254 1,359 1,429 1,445 1,501 1,555 1,612 1,644
Interest 343 360 393 416 449 511 593 644 659 699 753 794 815
540 587 602 571 685 662 680 715 758 974 1,021 967 1,002
Financing Profit 13 -7 7 77 22 81 86 70 28 -173 -219 -149 -172
Financing Margin % 1% -1% 1% 7% 2% 6% 6% 5% 2% -12% -14% -9% -10%
148 133 145 153 239 171 181 205 240 209 239 238 225
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 161 127 152 229 261 252 267 276 268 36 20 90 53
Tax % 26% 23% 24% 26% 27% 24% 26% 27% 23% 28% 36% 26% 21%
120 97 116 170 190 191 198 202 208 26 13 66 42
EPS in Rs 0.95 0.77 0.93 1.36 1.71 1.72 1.77 1.79 1.83 0.23 0.11 0.58 0.37
Gross NPA % 4.24% 4.10% 3.91% 3.63% 2.76% 2.75% 2.27% 2.53% 2.61% 2.73% 2.95% 2.97% 2.89%
Net NPA % 2.47% 2.15% 1.97% 1.82% 1.21% 1.18% 0.97% 1.13% 1.17% 0.83% 0.97% 0.96% 0.98%
Raw PDF

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 Mar 2025
0 6 408 981 1,543 2,112 2,645 3,194 3,460 4,162 5,486 6,312
Interest 0 2 159 460 684 964 1,150 1,396 1,421 1,617 2,407 3,060
0 17 230 561 964 1,015 1,304 1,628 2,123 2,361 2,681 3,964
Financing Profit -0 -13 19 -40 -105 133 191 170 -84 184 399 -713
Financing Margin % -1,100% -208% 5% -4% -7% 6% 7% 5% -2% 4% 7% -11%
0 0 71 233 241 283 282 418 538 670 799 911
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 1,063 199
Tax % 0% 0% 0% 36% 34% 35% 35% 25% 26% 25% 25% 26%
-0 -13 85 104 32 211 244 384 281 574 799 147
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 1.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 19% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 22%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: -10%
3 Years: -19%
TTM: -82%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 16%
1 Year: -31%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 2%

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 Mar 2025
Equity Capital 6 61 423 1,006 1,006 1,006 1,053 1,139 1,252 1,111 1,135 1,140
Reserves -0 -13 288 1,006 1,038 1,248 1,691 2,257 2,994 4,047 4,834 4,933
Deposits 0 0 1,921 5,604 9,007 10,788 16,392 18,951 25,348 36,129 43,107
Borrowing 0 44 1,638 4,779 5,177 3,973 5,135 4,165 2,616 2,974 1,788 2,137
0 14 65 533 485 529 628 755 1,134 1,478 1,418 1,519
Total Liabilities 5 105 2,414 9,245 13,310 15,763 19,296 24,708 26,948 34,958 45,304 52,836
0 4 11 274 280 236 210 184 189 338 537 696
CWIP 0 0 0 15 1 2 2 1 11 41 68 0
Investments 0 0 0 1,890 3,857 2,344 2,343 3,705 4,450 6,665 9,065 9,289
5 102 2,403 7,066 9,172 13,181 16,740 20,818 22,297 27,914 35,634 42,851
Total Assets 5 105 2,414 9,245 13,310 15,763 19,296 24,708 26,948 34,958 45,304 52,836

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 Mar 2025
-101 -336 1,334 213 1,799 440 2,044 159 -998 4,298 1,937
-3 -9 -405 -11 -7 -72 -43 -89 49 -422 -239
108 168 -563 -28 -1,706 908 -1,154 -1,317 60 -1,612 259
Net Cash Flow 4 -177 366 173 86 1,276 847 -1,246 -888 2,264 1,957

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 Mar 2025
ROE % -49% 8% 2% 10% 10% 13% 7% 12% 14% 2%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.52% 74.50% 74.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
4.09% 4.26% 4.08% 22.69% 21.45% 18.16% 19.61% 19.50% 19.65% 16.91% 15.42% 16.47%
15.59% 15.36% 15.34% 42.97% 42.96% 43.93% 45.64% 45.21% 45.42% 43.66% 42.62% 42.70%
5.80% 5.86% 6.09% 34.33% 35.58% 37.91% 34.74% 35.28% 34.93% 39.42% 41.96% 40.82%
No. of Shareholders 1,34,1081,35,5851,35,0123,17,9163,24,1303,62,7513,61,7093,72,3043,81,6824,44,5444,57,3624,48,261

* 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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