Utkarsh Small Finance Bank Ltd
₹ 23.5
-0.09%
23 May
- close price
About
Incorporated in 2016, Utkarsh Small Finance Bank is engaged in providing banking and financial services.[1]
Key Points
- Market Cap ₹ 2,584 Cr.
- Current Price ₹ 23.5
- High / Low ₹ 55.5 / 21.2
- Stock P/E 109
- Book Value ₹ 27.0
- Dividend Yield 2.13 %
- ROCE 7.17 %
- ROE 0.80 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.87 times its book value
Cons
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 12.8% over last 3 years.
- Earnings include an other income of Rs.600 Cr.
- Dividend payout has been low at 3.68% of profits over last 3 years
* 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
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
519 | 881 | 1,308 | 1,581 | 1,849 | 2,505 | 3,178 | 3,765 | |
Interest | 251 | 382 | 579 | 742 | 788 | 976 | 1,293 | 1,742 |
374 | 392 | 551 | 783 | 1,125 | 1,234 | 1,562 | 2,595 | |
Financing Profit | -106 | 107 | 177 | 56 | -64 | 295 | 324 | -572 |
Financing Margin % | -20% | 12% | 14% | 4% | -3% | 12% | 10% | -15% |
43 | 58 | 99 | 125 | 185 | 299 | 400 | 600 | |
Depreciation | 0 | 16 | 25 | 30 | 41 | 59 | 65 | 0 |
Profit before tax | -63 | 149 | 250 | 151 | 80 | 536 | 659 | 28 |
Tax % | 0% | 37% | 25% | 26% | 23% | 25% | 25% | 14% |
-63 | 94 | 187 | 112 | 61 | 404 | 498 | 24 | |
EPS in Rs | -1.34 | 1.27 | 2.46 | 1.32 | 0.69 | 4.51 | 4.53 | 0.22 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 27% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -34% |
3 Years: | -27% |
TTM: | -95% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -56% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 13% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 470 | 737 | 759 | 848 | 896 | 896 | 1,099 | 1,102 |
Reserves | -58 | 36 | 260 | 520 | 677 | 1,104 | 1,874 | 1,873 |
Deposits | 2,194 | 3,941 | 5,235 | 7,508 | 10,074 | 13,710 | 17,473 | 21,566 |
Borrowing | 1,789 | 1,280 | 2,675 | 2,608 | 2,572 | 2,349 | 1,995 | 2,355 |
129 | 245 | 475 | 654 | 845 | 1,057 | 1,462 | 1,232 | |
Total Liabilities | 4,524 | 6,239 | 9,404 | 12,138 | 15,064 | 19,117 | 23,903 | 28,127 |
87 | 87 | 110 | 125 | 286 | 301 | 301 | 387 | |
CWIP | 0 | 3 | 22 | 56 | 1 | 2 | 10 | 0 |
Investments | 661 | 862 | 1,192 | 2,314 | 2,348 | 2,859 | 3,679 | 4,958 |
3,775 | 5,287 | 8,081 | 9,643 | 12,429 | 15,955 | 19,912 | 22,783 | |
Total Assets | 4,524 | 6,239 | 9,404 | 12,138 | 15,064 | 19,117 | 23,903 | 28,127 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
211 | 115 | -83 | 1,329 | 1,573 | 991 | 876 | ||
-171 | -322 | -532 | -739 | -693 | -620 | -777 | ||
-92 | 1,304 | 172 | 111 | -235 | 140 | 310 | ||
Net Cash Flow | -52 | 1,097 | -444 | 702 | 645 | 511 | 409 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
ROE % | 16% | 21% | 9% | 4% | 23% | 20% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
2d - Utkarsh Bank's subordinated debt rating reaffirmed A+; outlook changed to Negative; CD rating A1+ reaffirmed.
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Announcement Under Regulation 30 (LODR)-Analyst/Investor Meet - Outcome
20 May - Bank attended BFSI Conference on May 20, 2025; no unpublished price sensitive info disclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - Scheduled analyst meeting at BFSI Conference on May 20, 2025; no UPSI to be disclosed.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 May - Annual Secretarial Compliance Report filed for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 May - Utkarsh Bank Q4 FY25 earnings call: 7.5% loan growth, 9.43% GNPA, improved collections, secured loans up to 43%, merger pending SEBI approval.
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
Business Profile[1]
Utkarsh Small Finance Bank (USFB) has evolved from a microfinance institution to a small finance bank. It has a significant presence in rural and semi-urban areas, focusing on financial inclusion