Utkarsh Small Finance Bank Ltd

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

Utkarsh Small Finance Bank Ltd

₹ 23.5 -0.09%
23 May - close price
utkarsh.bank BSE: 543942 NSE: UTKARSHBNK
About

Incorporated in 2016, Utkarsh Small Finance Bank is engaged in providing banking and financial services.[1]

Key Points

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

Website BSE NSE
  • 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
Edit ratios

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

Part of BSE SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
536.03 570.83 602.21 640.82 691.11 720.50 756.32 805.98 895.62 965.92 986.95 932.43 879.62
Interest 201.38 221.61 225.52 247.30 281.52 298.46 314.80 323.67 355.67 392.75 428.79 452.31 468.22
329.15 311.72 333.93 342.33 304.53 369.38 392.26 412.93 452.28 491.58 592.73 823.55 687.23
Financing Profit 5.50 37.50 42.76 51.19 105.06 52.66 49.26 69.38 87.67 81.59 -34.57 -343.43 -275.83
Financing Margin % 1.03% 6.57% 7.10% 7.99% 15.20% 7.31% 6.51% 8.61% 9.79% 8.45% -3.50% -36.83% -31.36%
50.22 84.50 74.49 71.17 69.15 91.90 105.17 82.67 120.68 104.65 102.64 105.49 287.11
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 55.72 122.00 117.25 122.36 174.21 144.56 154.43 152.05 208.35 186.24 68.07 -237.94 11.28
Tax % 13.10% 26.65% 25.19% 23.58% 23.20% 25.64% 25.91% 23.67% 23.37% 26.22% 24.50% -29.37% 73.67%
48.43 89.49 87.71 93.50 133.80 107.50 114.42 116.06 159.66 137.40 51.39 -168.05 2.97
EPS in Rs 0.54 1.00 0.98 1.04 1.49 1.20 1.04 1.06 1.45 1.25 0.47 -1.53 0.03
Gross NPA % 6.10% 5.73% 4.61% 3.58% 3.23% 3.13% 2.81% 3.04% 2.51% 2.78% 3.88% 6.17% 9.43%
Net NPA % 2.31% 1.66% 1.04% 0.72% 0.39% 0.33% 0.16% 0.19% 0.03% 0.26% 0.89% 2.50% 4.84%
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
69.28% 69.16% 69.06% 69.02% 68.94% 68.93% 68.92%
2.07% 0.74% 0.87% 0.94% 0.99% 1.33% 1.00%
12.99% 11.30% 9.82% 10.60% 10.01% 8.23% 7.04%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01%
15.67% 18.80% 20.25% 19.43% 20.04% 21.50% 23.04%
No. of Shareholders 1,63,6141,92,7912,22,0442,15,1332,27,8862,40,5922,43,613

* 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.

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