Equitas Small Finance Bank Ltd
EQUITASBNKEquitas Small Finance Bank Ltd
EQUITASBNK
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 17.44 | 1.31 | 1.45% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.79 | 2.47 | 0.97% |
Forecast & Ratings
Detailed Forecast from 14 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Equitas Small Finance Bank Limited’s lines of business include Micro and Small Enterprise and Corporate Banking, Emerging Enterprise Banking, Inclusive Banking, Consumer Banking and Outreach Banking.
Investor Presentation
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Compare with peersHDFC Bank Ltd
ICICI Bank Ltd
Axis Bank Ltd
Kotak Mahindra Bank Ltd
Indusind Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 479.36 | 1,214.28 | 1,783.93 | 2,394.83 | 2,927.79 | 3,612.46 | 3,997.23 | 4,831.47 | 6,285.07 | 6,822.84 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 6,222.93 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 93.46 | 318.04 | 515.41 | 551.31 | 709.79 | 791.45 | 898.21 | 1,096.68 | 1,368.83 | |||||||||||
| Selling & Administrative Expenses | 47.49 | 133.06 | 252.07 | 282.01 | 318.08 | 308.46 | 444.22 | 566.41 | 687.60 | |||||||||||
| Operating & Other expenses | 248.55 | 570.02 | 880.42 | 1,146.01 | 1,426.76 | 1,924.86 | 2,201.40 | 2,315.03 | 3,031.09 | |||||||||||
EBITDA | 89.86 | 193.16 | 136.03 | 415.50 | 473.16 | 587.69 | 453.40 | 853.35 | 1,197.55 | 599.91 | ||||||||||
| Depreciation/Amortization | 4.74 | 31.71 | 87.51 | 91.78 | 96.45 | 76.43 | 75.28 | 84.54 | 134.42 | — | ||||||||||
| PBIT | 85.12 | 161.45 | 48.52 | 323.72 | 376.71 | 511.26 | 378.12 | 768.81 | 1,063.13 | 599.91 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 85.12 | 161.45 | 48.52 | 323.72 | 376.71 | 511.26 | 378.12 | 768.81 | 1,063.13 | 599.91 | ||||||||||
| Taxes & Other Items | 0.00 | 57.32 | 16.69 | 113.17 | 133.08 | 127.04 | 97.38 | 195.22 | 264.17 | 151.64 | ||||||||||
| Net Income | 85.12 | 104.13 | 31.83 | 210.55 | 243.63 | 384.22 | 280.74 | 573.59 | 798.96 | 448.27 | ||||||||||
| EPS | 2.01 | 1.46 | 0.32 | 2.09 | 2.37 | 3.50 | 2.35 | 4.86 | 7.12 | 3.95 | ||||||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | ||||||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.14 | 0.25 |
Company Updates
Peers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Equitas Small Finance Bank Ltd | 9.78 | 1.31 | 1.45% |
| HDFC Bank Ltd | 20.93 | 2.85 | 1.10% |
| ICICI Bank Ltd | 20.07 | 3.29 | 0.79% |
| Axis Bank Ltd | 13.61 | 2.28 | 0.09% |
Price Comparison
Compare EQUITASBNK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 2.64%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 2.74%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Equitas Small Finance Bank Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 5.9044% | Percentage of the fund’s portfolio invested in the stock 1.40% | Change in the portfolio weight of the stock over the last 3 months -0.47% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 56/92 (-6) |
Franklin India Smaller Companies Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.6134% | Percentage of the fund’s portfolio invested in the stock 2.57% | Change in the portfolio weight of the stock over the last 3 months -0.76% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/104 (-1) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.1773% | Percentage of the fund’s portfolio invested in the stock 0.62% | Change in the portfolio weight of the stock over the last 3 months -0.23% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 88/113 (-17) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Equitas Small Finance Bank Ltd
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 9, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Aug 9, 2024
Cash Dividend
Ex DateEx DateJul 28, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Jul 28, 2023
Net profit of Equitas Small Finance Bank declined 93.50% to Rs 12.88 crore in the quarter ended September 2024 as against Rs 198.14 crore during the previous quarter ended September 2023. Total Operating Income rose 14.41% to Rs 1554.87 crore in the quarter ended September 2024 as against Rs 1358.99 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1554.871358.99 14 OPM %34.3249.97 - PBDT20.06267.00 -92 PBT20.06267.00 -92 NP12.88198.14 -93 Powered by Capital Market - Live
The Board of Equitas Small Finance Bank at its meeting held on 08 November 2024 has approved the issuance of upto 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Non-Convertible Debentures having a face value of Rs.1,00,000/- each, of the aggregate nominal value of up to Rs.500 crore including a green shoe option of up to 25,000 Rated, Listed, Unsecured, Redeemable, Fully Paid-Up, Subordinated Non-Convertible Debentures having a face value of Rs. 1,00,000 aggregating up to Rs. 250 crore, in a single series, for inclusion as Tier II Capital. Powered by Capital Market - Live
Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live
Equitas Small Finance Bank has received revision in credit ratings from India Rating and Research as under: Issuer rating - IND AA-/ Stable (affirmed) Tier II bonds (Proposed) - IND AA-/ Stable (assigned) Certificate of deposits - IND A1+ (affirmed) Powered by Capital Market - Live
On quarter on quarter (QoQ) basis, total deposits rose 6.22% from Rs 37,524 crore posted on 30 June 2024. Total gross advances increased 15.44% year on year (YoY) and 3.38% QoQ to Rs 36,050 crore as on 30 September 2024. The total gross advances include an Inter-Bank Participation Certificates (IBPC)/Securitized/Assigned portfolio amounting to Rs 1,396 crore as of 30 September 2024, down from Rs 2,321 crore in June 2024. As of 30 September 2024, CASA (Current Account Savings Account) deposits stood at Rs 12,184 crore, registering a growth of 17.37% YoY and 3.92% QoQ. The bank's CASA ratio was at 31% as on 30 September 2024, a decline from 34% posted as on 30 September 2023. Cost of funds increased to 7.50% in Q2 FY25 from 7.21% in Q2 FY24 and 7.46% in Q1 FY25. 'The Bank witnessed strong growth in Small Business Loans and Affordable Housing Finance and has gone cautious on Micro finance. The Microfinance Industry continues to see stress with delinquencies remaining at elevated levels. We expect to see stress for some more time. The Bank will continue to work with other industry players to improve lending practices which should bring the comfort back in this product,' the bank stated in exchange filing. Further the bank said, 'Micro finance contributes around 16% to the total advances of the bank as of Sep'24 and is expected to contract in the long term. The Bank is putting in extra focus in products such as the Micro Loan against Property for small businesses, which addresses the top end of the Micro finance customer segment. Over time, as this momentum picks up, we expect this to balance out the expected drop in Micro finance growth. Deposits continue to grow strongly, and we were able to maintain the CASA ratio after a few quarters of drop.' Equitas Small Finance Bank is one of the largest small finance banks in India. The bank reported 86.5% fall in net profit to Rs 25.76 crore in Q1 FY25 as against Rs 191.20 crore posted in Q1 FY24. The bank's total income jumped 19.9% YoY to Rs 1,709.66 crore in Q1 FY25. The counter rose 0.24% to end at Rs 75.26 on Friday, 4 October 2024. Powered by Capital Market - Live
Equitas Small Finance Bank has allotted 12,16,024 equity shares under ESOP on 12 August 2024. The paid-up share capital of the Bank accordingly increases from Rs.11,36,64,72,390/- to Rs.11,37,86,32,630/-Powered by Capital Market - Live
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Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 21.28%, vs industry avg of 17.21%
Increasing Market Share
Over the last 5 years, market share increased from 0.46% to 0.54%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 30.57%, vs industry avg of 31.67%