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 ₹ 6,851 Cr.
- Current Price ₹ 54.6
- High / Low ₹ 63.9 / 37.4
- Stock P/E 15.6
- Book Value ₹ 33.9
- Dividend Yield 0.00 %
- ROCE 7.23 %
- ROE 7.35 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.68% over last 3 years.
- Earnings include an other income of Rs.560 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | 0 | 6 | 408 | 981 | 1,543 | 2,112 | 2,645 | 3,194 | 3,460 | 3,740 |
Interest | 0 | 2 | 159 | 460 | 684 | 964 | 1,150 | 1,396 | 1,421 | 1,456 |
0 | 17 | 230 | 561 | 964 | 1,015 | 1,304 | 1,628 | 2,123 | 2,258 | |
Financing Profit | -0 | -13 | 19 | -40 | -105 | 133 | 191 | 170 | -84 | 26 |
Financing Margin % | -1,100% | -208% | 5% | -4% | -7% | 6% | 7% | 5% | -2% | 1% |
0 | 0 | 71 | 233 | 241 | 283 | 282 | 418 | 538 | 560 | |
Depreciation | 0 | 0 | 5 | 32 | 88 | 92 | 96 | 76 | 75 | 0 |
Profit before tax | -0 | -13 | 85 | 161 | 49 | 324 | 377 | 511 | 378 | 586 |
Tax % | 0% | 0% | 0% | 36% | 34% | 35% | 35% | 25% | 26% | |
Net Profit | -0 | -13 | 85 | 104 | 32 | 211 | 244 | 384 | 281 | 441 |
EPS in Rs | -3.96 | -2.13 | 2.01 | 1.04 | 0.32 | 2.09 | 2.31 | 3.37 | 2.24 | 3.59 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 88% |
5 Years: | 29% |
3 Years: | 18% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 22% |
3 Years: | 10% |
TTM: | 59% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 10% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|
6 | 61 | 423 | 1,006 | 1,006 | 1,006 | 1,053 | 1,139 | 1,252 | |
Reserves | -0 | -13 | 288 | 1,006 | 1,038 | 1,248 | 1,691 | 2,257 | 2,994 |
0 | 44 | 1,638 | 6,700 | 10,781 | 12,980 | 15,923 | 20,557 | 21,567 | |
0 | 14 | 65 | 533 | 485 | 529 | 628 | 755 | 1,139 | |
Total Liabilities | 5 | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,952 |
0 | 4 | 11 | 274 | 280 | 236 | 210 | 184 | 189 | |
CWIP | 0 | 0 | 0 | 15 | 1 | 2 | 2 | 1 | 11 |
Investments | 0 | 0 | 0 | 1,890 | 3,857 | 2,344 | 2,343 | 3,705 | 4,450 |
5 | 102 | 2,403 | 7,066 | 9,172 | 13,181 | 16,740 | 20,818 | 22,302 | |
Total Assets | 5 | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,952 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|
-336 | 1,334 | 213 | 1,799 | 440 | 2,044 | 159 | |||
-9 | -405 | -11 | -7 | -72 | -43 | -89 | |||
168 | -563 | -28 | -1,706 | 908 | -1,154 | -1,317 | |||
Net Cash Flow | -177 | 366 | 173 | 86 | 1,276 | 847 | -1,246 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|
ROE % | -49% | 8% | 2% | 10% | 10% | 13% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Jan - Equitas Small Finance Bank Limited has informed the exchange regarding the press release dated 25 January 2023 titled 'Equitas Small Finance Bank opens 7 new …
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations,2015-Earnings Call
24 Jan - Earnings Call of the Bank with Investors and Analysts has been scheduled on Thursday, February 09, 2023 at 11.00 A.M
- Board Meeting Intimation for Intimation Under Regulation 29 & 30 Of The SEBI (LODR) Regulations, 2015 24 Jan
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jan - On publication of newspaper advertisement of Notice of Record date and Book closure date - Regulation 47(3) read with Regulation 46(2)(q) of the SEBI (LODR) …
- Intimation Of Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015 19 Jan
Concalls
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Oct 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Sep 2021Transcript PPT
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Jul 2021TranscriptPPT
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Apr 2021Transcript PPT
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Jan 2021Transcript PPT
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Nov 2020TranscriptPPT
Geographical diversification
It has presence in 17 states & UTs with 861 Banking outlets & 330 ATMs with clientele of 40 lacs+ [1]
Loan Book Mix
It provides loans under 6 categories
Small Business Loans- SBL includes housing & agricultural loans as well. This contributes 43% of total advances (Dec 20) increased from 34% (Mar 18).
Vehicle Finance- It is 25% of total advances (Dec 20) reduced from 29% (Mar 18)
Microfinance- It contributes 20% of total advances (Dec 20) reduced from 27% (Mar 18)
Micro & Small Enterprise Finance- It contributes 6% of total advances (Dec 20) grown from 5% (Mar 18).
Corporate Loans- It Contributes 5% of total advances (Dec 20) grown from 2.5% (Mar 18).
Others like loan against gold, OD, an unsecured business loan is 1% of total advances (Dec 20) reduced from 2% (Mar 18) [2] [3]