Utkarsh Small Finance Bank Ltd

Utkarsh Small Finance Bank Ltd

₹ 53.2 -1.30%
18 Jun - close price
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.

  • Market Cap 5,855 Cr.
  • Current Price 53.2
  • High / Low 68.3 / 37.2
  • Stock P/E 11.8
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 24.9 %
  • Face Value 10.0

Pros

  • 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

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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
Revenue 536 571 602 641 691 720 756 806 896
Interest 201 222 226 247 282 298 315 324 356
329 312 334 342 305 369 392 413 452
Financing Profit 6 38 43 51 105 53 49 69 88
Financing Margin % 1% 7% 7% 8% 15% 7% 7% 9% 10%
50 84 74 71 69 92 105 83 121
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 56 122 117 122 174 145 154 152 208
Tax % 13% 27% 25% 24% 23% 26% 26% 24% 23%
48 89 88 94 134 108 114 116 160
EPS in Rs 0.54 1.00 0.98 1.04 1.49 1.20 1.04 1.06 1.45
Gross NPA % 6.10% 5.73% 4.61% 3.58% 3.23% 3.13% 2.81% 3.04% 2.51%
Net NPA % 2.31% 1.66% 1.04% 0.72% 0.39% 0.33% 0.16% 0.19% 0.03%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 881 1,308 1,581 1,849 2,505 3,178
Interest 382 579 742 788 976 1,293
392 551 783 1,125 1,234 1,627
Financing Profit 107 177 56 -64 295 259
Financing Margin % 12% 14% 4% -3% 12% 8%
58 99 125 185 299 400
Depreciation 16 25 30 41 59 0
Profit before tax 149 250 151 80 536 659
Tax % 37% 25% 26% 23% 25% 25%
94 187 112 61 404 498
EPS in Rs 1.27 2.46 1.32 0.69 4.51 4.53
Dividend Payout % 0% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 26%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 64%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 18%
Last Year: 25%

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
Reserves 36 260 520 677 1,104
5,221 7,910 10,115 12,646 16,060
245 475 654 845 1,058
Total Liabilities 6,239 9,404 12,138 15,064 19,118
87 110 125 286 301
CWIP 3 22 56 1 2
Investments 862 1,192 2,314 2,348 2,859
5,287 8,081 9,643 12,429 15,955
Total Assets 6,239 9,404 12,138 15,064 19,118

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
211 115 -83 1,329 1,559 991
-171 -322 -532 -739 -693 -620
-92 1,304 172 111 -221 140
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%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024
69.28% 69.16% 69.06%
2.07% 0.74% 0.87%
12.99% 11.30% 9.82%
15.67% 18.80% 20.25%
No. of Shareholders 1,63,6141,92,7912,22,044

* 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.

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