ESAF Small Finance Bank Ltd

ESAF Small Finance Bank Ltd

₹ 53.6 0.07%
19 Jun 10:40 a.m.
About

Incorporated in 1992, ESAF is a Small Finance Bank mainly focusing on providing loans to rural and semi-urban customers.[1]

Key Points

History[1] Promoted by ESAF Financial Holdings Pvt Ltd (“EFHPL”), ESAF Small Finance Bank (“ESAF SFB”) was granted RBI’s Approval to carry on business as an SFB, on November 18, 2016. The “ESAF” brand has been built over more than 27 years, beginning in 1995 when the ESAF Foundation started its microloan activities.

  • Market Cap 2,758 Cr.
  • Current Price 53.6
  • High / Low 82.4 / 48.0
  • Stock P/E 6.51
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 24.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 36.4% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Mar 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 385 598 688 701 774 899 943 974 1,002
Interest 178 220 251 250 275 313 347 377 411
198 285 425 481 457 505 487 567 682
Financing Profit 10 92 12 -30 42 81 109 30 -91
Financing Margin % 2% 15% 2% -4% 5% 9% 12% 3% -9%
48 49 65 81 94 93 79 120 150
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 57 141 77 51 136 174 188 150 59
Tax % 24% 25% 25% 27% 26% 25% 26% 25% 26%
43 106 58 37 101 130 140 112 43
EPS in Rs 0.96 2.35 1.28 0.83 2.26 2.89 3.12 2.18 0.84
Gross NPA % 6.70% 7.83% 8.11% 7.24% 2.49% 1.65% 2.64% 4.16% 4.76%
Net NPA % 3.88% 3.92% 4.34% 3.73% 1.13% 0.81% 1.19% 2.19% 2.26%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 1,032 1,413 1,641 1,940 2,854 3,818
Interest 458 621 720 793 1,017 1,449
538 646 879 1,248 1,676 2,241
Financing Profit 35 146 43 -101 160 129
Financing Margin % 3% 10% 3% -5% 6% 3%
109 133 127 208 288 442
Depreciation 17 23 29 33 42 0
Profit before tax 127 256 141 74 406 570
Tax % 29% 26% 25% 26% 26% 25%
90 190 105 55 302 426
EPS in Rs 2.11 4.45 2.34 1.22 6.73 8.27
Dividend Payout % 0% 0% 0% 0% 0% 8%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 33%
TTM: 34%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 59%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 17%
Last Year: 25%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 428 428 449 449 449
Reserves 466 656 903 962 1,266
6,019 8,232 10,693 15,768 18,020
145 154 293 528 489
Total Liabilities 7,058 9,470 12,339 17,708 20,224
86 116 133 159 188
CWIP 4 4 6 0 0
Investments 1,531 1,734 1,932 4,070 4,889
5,438 7,616 10,268 13,478 15,147
Total Assets 7,058 9,470 12,339 17,708 20,224

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-239 1,089 1,127 -584 -573 1,001
-171 -635 -638 -982 -573 -583
488 -499 653 1,259 401 235
Net Cash Flow 78 -45 1,143 -308 -745 653

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 19% 9% 4% 19%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024
63.39% 63.39%
1.16% 0.81%
10.98% 10.26%
24.48% 25.53%
No. of Shareholders 94,7131,02,124

* 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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