Suryoday Small Finance Bank Ltd
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.[1]
- Market Cap ₹ 1,581 Cr.
- Current Price ₹ 148
- High / Low ₹ 177 / 90.0
- Stock P/E 19.7
- Book Value ₹ 183
- Dividend Yield 0.00 %
- ROCE 7.28 %
- ROE 6.16 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 times its book value
- Company's median sales growth is 23.0% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 22.4%
- Company has a low return on equity of 8.00% over last 3 years.
- Earnings include an other income of Rs.256 Cr.
- Promoter holding has decreased over last 3 years: -5.58%
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
61 | 118 | 199 | 244 | 287 | 530 | 767 | 776 | 942 | 1,184 | 1,589 | 1,954 | 1,961 | |
Interest | 28 | 55 | 95 | 115 | 123 | 190 | 276 | 366 | 357 | 437 | 626 | 848 | 901 |
20 | 37 | 76 | 114 | 181 | 259 | 414 | 460 | 786 | 700 | 843 | 1,124 | 1,218 | |
Financing Profit | 13 | 26 | 28 | 15 | -18 | 81 | 77 | -49 | -201 | 47 | 120 | -18 | -158 |
Financing Margin % | 21% | 22% | 14% | 6% | -6% | 15% | 10% | -6% | -21% | 4% | 8% | -1% | -8% |
0 | 0 | 1 | 11 | 38 | 67 | 87 | 76 | 94 | 97 | 219 | 217 | 256 | |
Depreciation | 0 | 1 | 1 | 2 | 5 | 6 | 10 | 15 | 19 | 43 | 51 | 56 | 0 |
Profit before tax | 13 | 25 | 27 | 24 | 16 | 143 | 154 | 12 | -127 | 101 | 288 | 144 | 98 |
Tax % | 32% | 34% | 0% | 37% | 36% | 37% | 28% | 2% | -27% | 23% | 25% | 20% | |
9 | 17 | 27 | 15 | 10 | 90 | 111 | 12 | -93 | 78 | 216 | 115 | 80 | |
EPS in Rs | 3.30 | 5.11 | 7.16 | 2.36 | 1.50 | 11.08 | 12.84 | 1.12 | -8.76 | 7.32 | 20.34 | 10.82 | 7.54 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 32% |
5 Years: | 21% |
3 Years: | 28% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 1% |
3 Years: | 48% |
TTM: | -66% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 8% |
Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 33 | 38 | 64 | 68 | 82 | 87 | 106 | 106 | 106 | 106 | 106 |
Reserves | 61 | 99 | 159 | 437 | 472 | 799 | 980 | 1,491 | 1,399 | 1,479 | 1,699 | 1,821 |
Deposits | 22 | 945 | 1,593 | 2,849 | 3,256 | 3,854 | 5,167 | 7,777 | 10,580 | |||
Borrowing | 298 | 594 | 956 | 1,022 | 523 | 1,124 | 1,265 | 1,667 | 2,551 | 2,765 | 2,443 | 2,710 |
14 | 31 | 39 | 60 | 156 | 163 | 185 | 193 | 270 | 344 | 352 | 397 | |
Total Liabilities | 400 | 757 | 1,193 | 1,604 | 2,164 | 3,761 | 5,365 | 6,712 | 8,180 | 9,861 | 12,378 | 15,614 |
1 | 2 | 2 | 6 | 13 | 18 | 30 | 35 | 66 | 163 | 152 | 156 | |
CWIP | 0 | 0 | 0 | 2 | 1 | 1 | 8 | 8 | 49 | 1 | 17 | 135 |
Investments | 1 | 1 | 0 | 594 | 311 | 664 | 808 | 1,874 | 2,058 | 2,570 | 2,599 | 3,137 |
398 | 754 | 1,190 | 1,002 | 1,839 | 3,078 | 4,518 | 4,795 | 6,007 | 7,127 | 9,610 | 12,187 | |
Total Assets | 400 | 757 | 1,193 | 1,604 | 2,164 | 3,761 | 5,365 | 6,712 | 8,180 | 9,861 | 12,378 | 15,614 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-71 | -545 | 526 | -876 | -347 | -98 | 935 | 1,320 | |||||
4 | -14 | -167 | -280 | -158 | -266 | -263 | -1,059 | |||||
79 | 655 | 210 | 915 | 885 | 213 | -322 | 268 | |||||
Net Cash Flow | 11 | 97 | 569 | -241 | 381 | -150 | 349 | 529 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 12% | 15% | 17% | 4% | 2% | 13% | 11% | 1% | -6% | 5% | 13% | 6% |
Documents
Announcements
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Disclosure Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015
2d - Q2FY26 provisional: Gross advances ₹11,544Cr; GNPA 9.3%; CGFMU claim ₹314Cr; NNPA ~3.8%.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Investor Update
30 Sep - Bank received Rs.313.89 crore claim from NCGTC under CGFMU on September 30, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
30 Sep - Incumbent CIV Pandurang Dixit demits Sep 30, 2025; CA Gaurav Popat appointed Interim CIV from Oct 1, 2025.
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Closure of Trading Window
26 Sep - Trading window closed from Oct 1, 2025 until Q2/H1 results announcement and 48 hours thereafter.
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Schedule Of Analysts/Institutional Investors Meet
23 Sep - Sept 23, 2025 virtual investor meeting with Arihant Capital (Bharat Connect), 02:00–03:00 PM.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from web
Concalls
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023TranscriptNotesPPT
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Aug 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptPPT
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Aug 2021Transcript PPT
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May 2021TranscriptPPT
Leading Small Finance Bank[1]
The bank commenced microfinance operations in 2009 and has since expanded operations across 15 states and union territories, with customer base of ~3.4 million, 8,649 employees, and 710 Banking Outlets.