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

₹ 37.5 -0.95%
13 Dec - 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

Leading SFB[1] Utkarsh Small Finance Bank Limited is an SFB and has recorded the second fastest AUM growth from FY19 to FY22 among SFBs with AUM of ~Rs. 50 billion.

Website BSE NSE
  • Market Cap ₹ 4,126 Cr.
  • Current Price ₹ 37.5
  • High / Low ₹ 68.3 / 34.6
  • Stock P/E 8.88
  • Book Value ₹ 27.0
  • Dividend Yield 1.33 %
  • ROCE 9.64 %
  • ROE 20.0 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 39.6% 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

Part of BSE Allcap Nifty Total Market BSE SmallCap Nifty Microcap 250 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
Revenue 536 571 602 641 691 720 756 806 896 966 987
Interest 201 222 226 247 282 298 315 324 356 393 429
329 312 334 342 305 369 392 413 452 492 593
Financing Profit 6 38 43 51 105 53 49 69 88 82 -35
Financing Margin % 1% 7% 7% 8% 15% 7% 7% 9% 10% 8% -4%
50 84 74 71 69 92 105 83 121 105 103
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 56 122 117 122 174 145 154 152 208 186 68
Tax % 13% 27% 25% 24% 23% 26% 26% 24% 23% 26% 24%
48 89 88 94 134 108 114 116 160 137 51
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
Gross NPA % 6.10% 5.73% 4.61% 3.58% 3.23% 3.13% 2.81% 3.04% 2.51% 2.78% 3.88%
Net NPA % 2.31% 1.66% 1.04% 0.72% 0.39% 0.33% 0.16% 0.19% 0.03% 0.26% 0.89%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 881 1,308 1,581 1,849 2,505 3,178 3,654
Interest 382 579 742 788 976 1,293 1,501
392 551 783 1,125 1,234 1,562 1,949
Financing Profit 107 177 56 -64 295 324 204
Financing Margin % 12% 14% 4% -3% 12% 10% 6%
58 99 125 185 299 400 411
Depreciation 16 25 30 41 59 65 0
Profit before tax 149 250 151 80 536 659 615
Tax % 37% 25% 26% 23% 25% 25%
94 187 112 61 404 498 465
EPS in Rs 1.27 2.46 1.32 0.69 4.51 4.53 4.23
Dividend Payout % 0% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 26%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 64%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -27%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 17%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 737 759 848 896 896 1,099
Reserves 36 260 520 677 1,104 1,874
5,221 7,910 10,115 12,646 16,060 19,468
245 475 654 845 1,057 1,462
Total Liabilities 6,239 9,404 12,138 15,064 19,117 23,903
87 110 125 286 301 301
CWIP 3 22 56 1 2 10
Investments 862 1,192 2,314 2,348 2,859 3,679
5,287 8,081 9,643 12,429 15,955 19,912
Total Assets 6,239 9,404 12,138 15,064 19,117 23,903

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
211 115 -83 1,329 1,573 991
-171 -322 -532 -739 -693 -620
-92 1,304 172 111 -235 140
Net Cash Flow -52 1,097 -444 702 645 511

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 21% 9% 4% 23% 20%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.28% 69.16% 69.06% 69.02% 68.94%
2.07% 0.74% 0.87% 0.94% 0.99%
12.99% 11.30% 9.82% 10.60% 10.01%
0.00% 0.00% 0.00% 0.01% 0.01%
15.67% 18.80% 20.25% 19.43% 20.04%
No. of Shareholders 1,63,6141,92,7912,22,0442,15,1332,27,886

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls