SECTOR: Bank - Private
₹ 4918.92 Cr.
₹ 1797.96 Cr.
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The company is present in 12 Indices.
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The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.
The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.
Let’s look at how Equitas Small Fin. is performing and if it is the right time to buy the stock of Equitas Small Fin. with detailed analysis.
For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Equitas Small Fin. has earned Rs 3194.4132 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 27.458162584892 % in last 3 Years.
In terms of advances, the bank reported 22.7247255229302 % YOY, rise . If you see 3 years advance growth, it stands at 29.7855418112396 %.
Currently the company has a CASA ratio of 34.2474017326421 %. It’s overall cost of liability stands at 6.79298090613755 %. Also, the total deposits from these accounts stood at Rs 16391.9717 Cr.
The Bank has a healthy ROA track record. The ROA of Equitas Small Fin. is at 1.74604165197613 %.
The Lender is inefficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 3.59 % and 1.52 % respectively as on the latest financial year.
One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is positive at 52.172407613583 % which means it has increased from the previous year.
Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Equitas Small Fin. surged and is currently at Rs 418.0547 Cr.
The company has a inadequate Capital Adequacy Ratio of 0 .
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Equitas Small Fin. is trading at a P/B of 1.1581 . The historical average PB was 0.402866849357386.