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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Equitas Small Finance Bank Ltd

About the Company - Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Ltd. is a Public Limited Listed company incorporated on 21/06/1993 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65191TN1993PLC025280 and registration number is 025280. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 3459.67 Cr. and Equity Capital is Rs. 1252.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector4th Floor, Phase II, Chennai (Madras) Tamil Nadu 600002corporate@equitas.in
http://www.equitasbank.com
Management
NamePosition Held
Mr. Arun RamanathanChairman & Ind.Director
Mr. P N VasudevanManaging Director & CEO
Mr. Ramesh RanganIndependent Director
Prof. N BalakrishnanIndependent Director
Mr. Vinod Kumar SharmaIndependent Director
Mr. N SrinivasanIndependent Director
Prof. Samir Kumar BaruaIndependent Director
Ms. Geeta Dutta GoelIndependent Director
Mr. Arun Kumar VermaIndependent Director
Mr. Navin PuriIndependent Director

Equitas Small Finance Bank Ltd. Share Price Update

Share PriceValue
Today₹100.15
Previous Day₹99.93

Basic Stock Data of Equitas Small Finance Bank Ltd

Last Updated: April 8, 2024, 8:21 am

Market Cap 11,525 Cr.
Current Price 102
High / Low116/67.6
Stock P/E14.8
Book Value 46.4
Dividend Yield1.00 %
ROCE8.04 %
ROE12.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Equitas Small Finance Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Karnataka Bank Ltd 8,762 Cr. 232287/1276.32 2632.15 %5.86 %15.4 % 10.0
Kotak Mahindra Bank Ltd 3,60,420 Cr. 1,8132,064/1,66720.7 5630.08 %6.86 %14.3 % 5.00
Axis Bank Ltd 3,30,541 Cr. 1,0711,152/84412.8 4220.09 %5.12 %8.73 % 2.00
Dhanlaxmi Bank Ltd 1,225 Cr. 48.459.0/15.213.3 38.00.00 %4.56 %5.22 % 10.0
South Indian Bank Ltd 7,416 Cr. 28.436.9/14.06.64 25.51.06 %5.23 %12.4 % 1.00
Industry Average141,672.80 Cr638.5611.95262.300.68%5.53%11.21%5.60

Equitas Small Finance Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue8578188198449018969401,0021,0631,1561,2541,3591,429
Interest373370358360360343360393416449511593644
Expenses489474550579529540587602571685662680715
Financing Profit-6-26-89-951213-777722818670
Financing Margin %-1%-3%-11%-11%1%1%-1%1%7%2%6%6%5%
Other Income155178104152134148133145153239171181205
Depreciation0000000000000
Profit before tax1491531457146161127152229261252267276
Tax %26%26%16%28%26%26%23%24%26%27%24%26%27%
Net Profit111113124110812097116170190191198202
EPS in Rs0.970.990.100.360.940.950.770.931.361.711.721.771.79
Gross NPA %4.16%3.59%4.76%4.82%4.39%4.24%4.10%3.91%3.63%2.76%2.75%2.27%2.53%
Net NPA %1.71%1.52%2.38%2.46%2.38%2.47%2.15%1.97%1.82%1.21%1.18%0.97%1.13%

Last Updated: April 5, 2024, 10:57 am

Equitas Small Finance Bank Ltd Quarterly Chart

Equitas Small Finance Bank Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue064089811,5432,1122,6453,1943,4604,1625,197
Interest021594606849641,1501,3961,4211,6172,197
Expenses0172305619641,0151,3041,6282,1232,3612,742
Financing Profit-0-1319-40-105133191170-84184259
Financing Margin %-1,100%-208%5%-4%-7%6%7%5%-2%4%5%
Other Income0071233241283282418538670797
Depreciation005328892967675850
Profit before tax-0-1385161493243775113787691,056
Tax %0%0%0%36%34%35%35%25%26%25%
Net Profit-0-138510432211244384281574781
EPS in Rs-3.96-2.132.011.040.322.092.313.372.245.166.99
Dividend Payout %0%0%0%0%0%0%0%0%0%19%

Equitas Small Finance Bank Ltd Profit & Loss Yearly Chart

Equitas Small Finance Bank Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:22%
3 Years:16%
TTM:33%
Compounded Profit Growth
10 Years:%
5 Years:78%
3 Years:33%
TTM:55%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:21%
1 Year:40%
Return on Equity
10 Years:%
5 Years:10%
3 Years:11%
Last Year:12%

Equitas Small Finance Bank Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital6614231,0061,0061,0061,0531,1391,2521,111
Reserves-0-132881,0061,0381,2481,6912,2572,9944,047
Borrowings0441,6386,70010,78112,98015,92320,55721,56728,354
Other Liabilities014655334855296287551,1341,446
Total Liabilities51052,4149,24513,31015,76319,29624,70826,94834,958
Fixed Assets0411274280236210184189338
CWIP0001512211141
Investments0001,8903,8572,3442,3433,7054,4506,665
Other Assets51022,4037,0669,17213,18116,74020,81822,29727,914
Total Assets51052,4149,24513,31015,76319,29624,70826,94834,958

Equitas Small Finance Bank Ltd Reserves and Borrowings Chart

Equitas Small Finance Bank Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3361,3342131,7994402,044159-998
Cash from Investing Activity -9-405-11-7-72-43-8949
Cash from Financing Activity 168-563-28-1,706908-1,154-1,31760
Net Cash Flow-177366173861,276847-1,246-888

Equitas Small Finance Bank Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %-49%8%2%10%10%13%7%12%

Equitas Small Finance Bank Ltd Financial Efficiency Indicators Chart

Equitas Small Finance Bank Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters81.98%81.75%81.55%81.36%74.59%74.52%74.50%74.48%0.00%0.00%0.00%0.00%
FIIs1.02%0.51%0.80%0.74%3.62%4.09%4.26%4.08%22.69%21.45%18.16%19.61%
DIIs12.77%13.62%12.83%12.78%16.69%15.59%15.36%15.34%42.97%42.96%43.93%45.64%
Public4.23%4.12%4.81%5.12%5.10%5.80%5.86%6.09%34.33%35.58%37.91%34.74%
No. of Shareholders76,30289,3131,03,9741,13,4051,27,0731,34,1081,35,5851,35,0123,17,9163,24,1303,62,7513,61,709

Equitas Small Finance Bank Ltd Shareholding Pattern Chart

No. of Equitas Small Finance Bank Ltd Shareholders

Equitas Small Finance Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan519623492.08481.95
SBI Long Term Equity Fund304726931.66286.14
SBI Contra Fund299855461.49281.56
Nippon India Banking & Financial Services Fund134780772.61126.56
Nippon India Small Cap Fund110993640.25104.22
ICICI Prudential Banking and Financial Services76045591.0570.53
ICICI Prudential Multicap Fund74519880.7969.12
Nippon India Value Fund69166881.0564.95
HDFC Capital Builder Value Fund - Regular Plan58376730.9654.14
ICICI Prudential Equity & Debt Fund51705170.1847.96

Equitas Small Finance Bank Ltd ROCE Trend

Equitas Small Finance Bank Ltd EPS Trend

Equitas Small Finance Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.712.433.532.392.09
Diluted EPS (Rs.)4.672.403.492.392.09
Cash EPS (Rs.)5.932.844.043.233.00
Book Value[Excl.RevalReserv]/Share (Rs.)46.4433.9129.8126.0522.41
Book Value[Incl.RevalReserv]/Share (Rs.)46.4433.9129.8126.0522.41
Operating Revenue / Share (Rs.)37.4827.6328.0425.1120.99
Net Profit / Share (Rs.)5.162.243.372.312.09
Interest Income / Employee (Rs.)2023964.451964939.681929459.531642520.741445738.29
Net Profit / Employee (Rs.)278943.00159443.29232074.90151269.96144144.37
Business / Employee (Rs.)24888932.7421766912.7620077264.0715233855.0914103053.67
Interest Income / Branch (Rs.)47564321.1440181989.5537101198.6130977094.8521397512.66
Net Profit / Branches (Rs.)6555320.003260531.944462522.652852873.542133395.14
Business / Branches (Rs.)584904141.71445121989.55386061770.03287302658.08208730909.83
Net Profit Margin (%)13.788.1112.029.209.97
Operating Profit Margin (%)-2.30-7.42-1.05-1.46-3.42
Return On Assets (%)1.641.041.551.261.33
Return On Equity / Networth (%)11.126.6111.318.879.34
Net Interest Margin (X)7.277.567.277.747.30
Cost To Income (%)54.6557.4250.7052.3951.11
Interest Income / Total Assets (%)11.9012.8312.9213.6913.39
Non-Interest Income / Total Assets (%)1.911.991.691.461.79
Operating Profit / Total Assets (%)-0.27-0.95-0.13-0.20-0.45
Operating Expenses / Total Assets (%)5.836.325.376.106.39
Interest Expenses / Total Assets (%)4.625.275.655.956.09
Enterprise Value (Rs.Cr.)34628.9227014.3326883.850.000.00
EV Per Net Sales (X)8.327.818.420.000.00
Price To Book Value (X)1.441.512.010.000.00
Price To Sales (X)1.791.852.140.000.00
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.070.040.050.000.00

Equitas Small Finance Bank Ltd Profitability Ratios (%)

Equitas Small Finance Bank Ltd Liquidity Ratios

Equitas Small Finance Bank Ltd Liquidity Ratios (%)

Equitas Small Finance Bank Ltd Interest Coverage Ratios (%)

Equitas Small Finance Bank Ltd Valuation Ratios

Fair Value of Equitas Small Finance Bank Ltd Stock

Fair Value: 84.62

The stock is overvalued by 17.04% compared to the current price ₹102

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness of Equitas Small Finance Bank Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Equitas Small Finance Bank Ltd?

The latest fair value of Equitas Small Finance Bank Ltd is 84.62.

What is the Market Cap of Equitas Small Finance Bank Ltd?

The Market Cap of Equitas Small Finance Bank Ltd is 11,525 Cr..

What is the current Stock Price of Equitas Small Finance Bank Ltd as on 13 April 2024?

The current stock price of Equitas Small Finance Bank Ltd as on 13 April 2024 is 102.

What is the High / Low of Equitas Small Finance Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of Equitas Small Finance Bank Ltd stocks is ₹116/67.6.

What is the Stock P/E of Equitas Small Finance Bank Ltd?

The Stock P/E of Equitas Small Finance Bank Ltd is 14.8.

What is the Book Value of Equitas Small Finance Bank Ltd?

The Book Value of Equitas Small Finance Bank Ltd is 46.4.

What is the Dividend Yield of Equitas Small Finance Bank Ltd?

The Dividend Yield of Equitas Small Finance Bank Ltd is 1.00 %.

What is the ROCE of Equitas Small Finance Bank Ltd?

The ROCE of Equitas Small Finance Bank Ltd is 8.04 %.

What is the ROE of Equitas Small Finance Bank Ltd?

The ROE of Equitas Small Finance Bank Ltd is 12.2 %.

What is the Face Value of Equitas Small Finance Bank Ltd?

The Face Value of Equitas Small Finance Bank Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Equitas Small Finance Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE