Suryoday Small Finance Bank Ltd

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

Suryoday Small Finance Bank Ltd

₹ 99.2 -0.79%
13 Mar - close price
suryodaybank.com BSE: 543279 NSE: SURYODAY
About

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]

Key Points

Leading small Finance Bank
The bank commenced microfinance operations in 2009 and has since expanded operations across 14 states and union territories, customer base to ~2.82 million, employee base to 7440 employees, and distribution reach to 695 Banking Outlets. [1] [2] [3]

Website BSE NSE
  • Market Cap ₹ 1,054 Cr.
  • Current Price ₹ 99.2
  • High / Low ₹ 220 / 98.5
  • Stock P/E 5.03
  • Book Value ₹ 184
  • Dividend Yield 0.00 %
  • ROCE 8.49 %
  • ROE 12.7 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Stock is trading at 0.54 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.0% CAGR over last 5 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: 22.3%
  • Company has a low return on equity of 4.19% over last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.73%

* 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 Allcap BSE SmallCap BSE Financial Services

Edit Columns
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Revenue 255 237 281 281 292 329 358 375 411 445 488 507 488
Interest 88 90 104 105 108 119 133 154 165 174 195 207 220
178 230 180 184 186 194 212 205 221 255 271 287 270
Financing Profit -10 -84 -3 -8 -2 16 12 16 24 15 23 13 -2
Financing Margin % -4% -35% -1% -3% -1% 5% 3% 4% 6% 3% 5% 2% -0%
18 20 13 25 26 34 51 52 52 65 70 47 40
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 8 -64 10 17 24 50 63 68 76 80 93 60 38
Tax % 40% -24% 23% 23% 23% 23% 25% 26% 25% 24% 24% 25% 12%
5 -48 8 13 18 39 48 50 57 61 70 45 33
EPS in Rs 0.44 -4.53 0.73 1.22 1.70 3.67 4.48 4.74 5.39 5.73 6.59 4.27 3.13
Gross NPA % 10.48% 11.80% 10.03% 9.90% 4.23% 3.13% 3.04% 2.90% 3.06% 2.94% 2.84% 3.03% 5.53%
Net NPA % 5.57% 5.97% 5.02% 4.76% 2.74% 1.55% 1.63% 1.46% 1.42% 0.86% 0.47% 0.80% 3.13%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 26 61 118 199 244 287 530 767 776 942 1,184 1,589 1,928
Interest 9 28 55 95 115 123 190 276 366 357 437 626 796
13 20 37 76 114 181 259 414 460 786 700 843 1,083
Financing Profit 3 13 26 28 15 -18 81 76 -49 -201 47 120 49
Financing Margin % 12% 21% 22% 14% 6% -6% 15% 10% -6% -21% 4% 8% 3%
0 0 0 1 11 38 67 87 76 94 97 219 222
Depreciation 0 0 1 1 2 5 6 10 15 19 43 51 0
Profit before tax 3 13 25 27 24 16 143 154 12 -127 101 288 271
Tax % 32% 32% 34% 0% 37% 36% 37% 28% 2% -27% 23% 25%
2 9 17 27 15 10 90 111 12 -93 78 216 210
EPS in Rs 0.83 3.30 5.11 7.16 2.36 1.50 11.08 12.81 1.12 -8.76 7.32 20.34 19.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 39%
5 Years: 25%
3 Years: 27%
TTM: 31%
Compounded Profit Growth
10 Years: 38%
5 Years: 19%
3 Years: 163%
TTM: 8%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -4%
1 Year: -33%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 4%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 23 27 33 38 64 68 82 87 106 106 106 106 106
Reserves 41 61 99 159 437 472 799 980 1,491 1,399 1,479 1,699 1,819
Deposits 22 945 1,593 2,849 3,256 3,850 5,167 7,777 8,851
47 298 594 956 1,022 523 1,124 1,265 1,667 2,551 2,765 2,443 2,178
92 14 31 39 82 1,101 1,757 3,034 3,448 4,124 5,511 8,130 9,396
Total Liabilities 203 400 757 1,193 1,604 2,164 3,761 5,365 6,712 8,180 9,861 12,378 13,500
1 1 2 2 6 13 18 30 35 66 163 152 278
CWIP 0 0 0 0 2 1 1 8 8 49 1 17 0
Investments 2 1 1 0 594 311 664 808 1,874 2,058 2,570 2,599 2,852
200 398 754 1,190 1,002 1,839 3,078 4,518 4,795 6,007 7,127 9,610 10,370
Total Assets 203 400 757 1,193 1,604 2,164 3,761 5,365 6,712 8,180 9,861 12,378 13,500

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7 -71 -545 526 -876 -347 -98 935
-0 4 -14 -167 -280 -158 -266 -263
33 79 655 210 915 885 213 -322
Net Cash Flow 27 11 97 569 -241 381 -150 349

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 4% 12% 15% 17% 4% 2% 13% 11% 1% -6% 5% 13%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
28.01% 28.01% 28.01% 23.30% 23.30% 23.30% 22.40% 22.40% 22.40% 22.39% 22.30% 22.29%
9.94% 8.27% 3.93% 2.61% 1.16% 1.68% 2.16% 2.91% 2.90% 3.02% 3.50% 4.80%
24.04% 23.90% 22.52% 22.19% 20.93% 18.68% 18.38% 17.01% 14.04% 12.64% 8.01% 5.89%
38.01% 39.82% 45.55% 51.89% 54.61% 56.35% 57.05% 57.68% 60.66% 61.95% 66.19% 67.01%
No. of Shareholders 95,10194,81195,45995,70794,32194,13694,84894,23596,2761,03,3561,08,3011,10,197

* 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