ESAF Small Finance Bank Ltd

ESAF Small Fin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ESAF Small Finance Bank Ltd

₹ 41.3 -0.02%
12 Dec 9:19 a.m.
esafbank.com BSE: 544020 NSE: ESAFSFB
About

Incorporated in 1992, ESAF Small Finance
Bank provides micro, retail and corporate banking, para banking activities such as
debit card, third party financial product distribution, in addition to treasury and
permitted foreign exchange business[1]

Key Points

Business Overview:[1][2][3]
a) ESAF SFB is a Scheduled commercial bank with a presence in 24 States and 2 UTs, with ~756 Banking Outlets and 646 ATMs
b) It has 8,834 Customer Touchpoints for 89.4 lakh Customers
c) Company has Loan Book of Rs. 19,216 Cr which includes Micro Loans ~62%, and Retail & Other Loans ~38%. It has Deposits of Rs. 21,613 Cr
d) GNPA ~6.9%, NNPA ~2.9%, CASA ~22.7%, NIM ~10.7%
e) 53% of their customers are in rural and semi urban areas, and 70% of their banking outlets are in rural and semi-urban areas

Website BSE NSE
  • Market Cap ₹ 2,127 Cr.
  • Current Price ₹ 41.3
  • High / Low ₹ 82.4 / 37.9
  • Stock P/E 24.7
  • Book Value ₹ 48.4
  • Dividend Yield 1.70 %
  • ROCE 8.91 %
  • ROE 20.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.85 times its book value
  • 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

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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 385 598 690 688 701 774 899 943 974 1,002 1,022 996
Interest 178 220 242 251 250 275 313 347 377 411 434 456
198 285 355 425 481 457 505 487 567 682 619 834
Financing Profit 10 92 94 12 -30 42 81 109 30 -91 -30 -293
Financing Margin % 2% 15% 14% 2% -4% 5% 9% 12% 3% -9% -3% -29%
48 49 48 65 81 94 93 79 120 150 115 39
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 57 141 142 77 51 136 174 188 150 59 85 -255
Tax % 24% 25% 25% 25% 27% 26% 25% 26% 25% 26% 26% -25%
43 106 106 58 37 101 130 140 112 43 63 -190
EPS in Rs 0.96 2.35 2.36 1.28 0.83 2.26 2.89 3.12 2.18 0.84 1.22 -3.69
Gross NPA % 6.70% 7.83% 6.16% 8.11% 7.24% 2.49% 1.65% 2.64% 4.16% 4.76% 6.61% 6.98%
Net NPA % 3.88% 3.92% 3.78% 4.34% 3.73% 1.13% 0.81% 1.19% 2.19% 2.26% 3.22% 2.98%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 1,032 1,413 1,641 1,940 2,854 3,818 3,995
Interest 458 621 720 793 1,017 1,449 1,679
538 646 879 1,248 1,676 2,190 2,701
Financing Profit 35 146 43 -101 160 180 -385
Financing Margin % 3% 10% 3% -5% 6% 5% -10%
109 133 127 208 288 442 424
Depreciation 17 23 29 33 42 51 0
Profit before tax 127 256 141 74 406 570 39
Tax % 29% 26% 25% 26% 26% 25%
90 190 105 55 302 426 28
EPS in Rs 2.11 4.45 2.34 1.22 6.73 8.27 0.55
Dividend Payout % 0% 0% 0% 0% 0% 8%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 33%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 59%
TTM: -79%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -38%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 16%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 428 428 449 449 449 515
Reserves 466 656 903 962 1,266 1,977
6,019 8,232 10,693 15,768 18,020 23,090
145 154 293 528 489 505
Total Liabilities 7,058 9,470 12,339 17,708 20,224 26,087
86 116 133 159 188 205
CWIP 4 4 6 0 0 3
Investments 1,531 1,734 1,932 4,070 4,889 5,541
5,438 7,616 10,268 13,478 15,147 20,338
Total Assets 7,058 9,470 12,339 17,708 20,224 26,087

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-239 1,089 1,127 -584 -571 1,001
-171 -635 -638 -982 -573 -583
488 -499 653 1,259 399 235
Net Cash Flow 78 -45 1,143 -308 -745 654

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 19% 9% 4% 19% 20%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024
63.39% 63.39% 63.39% 63.38%
1.16% 0.81% 0.12% 0.15%
10.98% 10.26% 8.90% 5.56%
24.48% 25.53% 27.57% 30.92%
No. of Shareholders 94,7131,02,1241,07,4131,15,818

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls