ESAF Small Finance Bank Ltd
Incorporated in 1992, ESAF is a Small Finance Bank mainly focusing on providing loans to rural and semi-urban customers.[1]
- Market Cap ₹ 2,649 Cr.
- Current Price ₹ 51.4
- High / Low ₹ 82.4 / 48.0
- Stock P/E 7.39
- Book Value ₹ 48.4
- Dividend Yield 1.36 %
- ROCE 8.91 %
- ROE 20.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.06 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
Quarterly Results
Figures in Rs. Crores
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 | 3,942 |
Interest | 458 | 621 | 720 | 793 | 1,017 | 1,449 | 1,570 |
538 | 646 | 879 | 1,248 | 1,676 | 2,190 | 2,355 | |
Financing Profit | 35 | 146 | 43 | -101 | 160 | 180 | 18 |
Financing Margin % | 3% | 10% | 3% | -5% | 6% | 5% | 0% |
109 | 133 | 127 | 208 | 288 | 442 | 464 | |
Depreciation | 17 | 23 | 29 | 33 | 42 | 51 | 0 |
Profit before tax | 127 | 256 | 141 | 74 | 406 | 570 | 482 |
Tax % | 29% | 26% | 25% | 26% | 26% | 25% | |
90 | 190 | 105 | 55 | 302 | 426 | 358 | |
EPS in Rs | 2.11 | 4.45 | 2.34 | 1.22 | 6.73 | 8.27 | 7.36 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 33% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 36% |
3 Years: | 59% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
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 | -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% | 20% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
16h - Press Release on the Financial Results for the quarter ended June 30, 2024.
-
Announcement under Regulation 30 (LODR)-Change in Management
19h - Bank at the meeting held on July 26, 2024 has appointed Shri. George Chacko Varghese as the Chief Compliance Officer of the Bank with effect …
- Unaudited Standalone Financial Results Of The Bank For The Quarter Ended June 30, 2024 19h
- Board Meeting Outcome for Outcome Of The Board Meeting Held On July 26, 2024 19h
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - A conference call for analysts and investors to discuss the results of Q1 and FY25 is scheduled to be held on Monday, July 29, 2024 …
Concalls
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
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.