Equitas Small Finance Bank Ltd.

NSE: EQUITASBNK BSE: 543243 SECTOR: Bank - Private  59k   723   203

53.65
-1.25 (-2.28%)
NSE: 03 Feb 03:57 PM

Price Summary

Today's High

₹ 54.95

Today's Low

₹ 53.05

52 Week High

₹ 63.9

52 Week Low

₹ 37.45

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

10967.36 Cr.

CASA %

52.01

No. of Shares

204.42 Cr.

P/E

24.87

P/B

1.51

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  35.61

Net Interest Income

2038.54 Cr.

Cost To Income %

66.15

Promoter Holding

74.48 %

EPS (TTM)

₹  2.16

CAR %

0

ROE

7.35 %

ROCE

9.21%

Profit Growth

-26.94 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

ROE%

1 Year7.35%
3 Year9.87%
5 Year8.2%

ROA%

1 Year1.09%
3 Year1.41%
5 Year1.19%

Net NPA%

1 Year2.37%
3 Year1.85%
5 Year1.69%

 NIM

1 Year7.85%
3 Year7.8%
5 Year7.54%

CAR %

0

Cost of Liabilities %

6.5893290640968

PEG Ratio

NA

Advances Growth %

14.9928102064857

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 74.48 0
Sep 2022 74.5 0
Jun 2022 74.52 0
Mar 2022 74.59 0
Dec 2021 81.36 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The bank has been maintaining a healthy ROA of 1.40767839746792% since last 3 years.
  • The company has been consistently maintaining a NIM of 7.80080198548712% since last 3 years.
  • CASA stands at 52.0050626049385% of total deposits.
  • Good CASA Growth of 17.7576608722964% 1 years.

 Limitations

  • High Cost to income ratio of 66.1523411312685%.
  • Increase in Provision and contingencies of 31.5759590667457% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Interest Earned 843.72 900.89 895.83 940.4 1002.37
Other Income 151.98 134.12 148.15 133.22 145.03
Interest Expended 359.75 360.08 343.37 359.82 392.68
Operating Expenses 437.01 450.22 416.7 445.61 512.4
Total Provisions 142.11 78.4 123.17 141.6 90.1
Profit Before Tax 56.82 146.31 160.73 126.59 152.22
Tax 15.63 38.2 41.22 29.58 35.8
Net Profit 41.19 108.11 119.51 97.01 116.42
Net NPA % 2.46 2.51 2.47 2.15 1.97
Gross NPA % 4.82 4.61 4.24 4.1 3.91
Return on Assets % 0.16 0.41 0.43 0.33 0.38
NPM % 4.88 12 13.34 10.32 11.61

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 1542.71 2111.93 2645.44 3194.41 3459.67
Other Income 241.22 282.9 282.35 418.05 537.56
Interest Expended 682.17 960.2 1150.14 1396.45 1421.13
Operating Expenses 881.11 1008.49 1180.08 1329.43 1704.15
Total Provisions 188.81 102.41 246.64 375.32 493.84
Profit Before Tax 31.83 323.74 350.94 511.26 378.11
Taxes 0 113.17 107.3 127.04 97.38
Net Profit 31.83 210.57 243.64 384.22 280.73
Adjusted EPS (Rs.) 0.32 2.09 2.31 3.37 2.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 1005.94 1005.94 1053.4 1139.28 1252.03
Total Reserves 1037.81 1248.38 1690.75 2257.06 2992.87
Deposits 5603.93 9006.74 10788.41 16391.97 18950.8
Borrowings 5177.21 3973.03 5134.87 4165.32 2616.4
Other Liabilities 485.07 528.61 628.12 754.84 1138.53
Total Liabilities 13309.96 15762.69 19295.55 24708.47 26951.9
Assets
Balance with RBI 386.08 402.7 380.86 514.81 956.99
Balance with Banks 825.08 857.91 2155.98 2863.9 1175.52
Investments 3856.84 2344.45 2342.51 3705.17 4449.85
Advances 7706.69 11595 13728.24 16848.19 19374.21
Net Block 279.73 235.71 210.5 184.17 189.27
Other Assets 254.38 325.28 475.19 591.36 794.88
Total Assets 13309.96 15762.69 19295.55 24708.47 26951.9
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 81.36 74.59 74.52 74.50 74.48
equitas holdings l... 81.36 74.59 74.52 74.50 74.48
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 18.64 25.41 25.48 25.50 25.52
nippon life india ... - - - 3.86 3.94
hdfc mutual fund - - - - 3.44
hdfc trustee co lt... - 3.43 3.43 - -
hdfc trustee compa... - - - 3.42 -
hdfc small cap fund 3.24 - - - -
sbi mutual fund - - - - 3.16
sbi large & midcap... - 2.83 2.61 3.09 -
government of sing... - 2.30 2.52 2.57 2.57
nippon life india ... 1.35 - 2.27 - -
mirae asset tax sa... 2.26 - 2.06 - -
mirae asset large ... - 2.08 - - -
nippon life india ... - 2.02 - - -
icici prudential l... 1.15 1.03 1.03 1.03 -
franklin india sma... 1.24 1.14 1.14 1.14 -
franklin india mu... - - - - 1.14
invesco india cont... 1.09 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ2FY21 29 Jan 2021
  • PresentationQ1FY22 4 Aug 2021
  • PresentationQ4FY21 30 Apr 2021
  • PresentationQ2FY21 29 Jan 2021
  • PresentationQ3FY21 29 Jan 2021
  • PresentationQ1FY23 1 Aug 2022

Company News

Equitas Small Finance Bank informs about scheme of arrangement2 Feb 2023, 2:51PM Equitas Small Finance Bank opens 7 new branches27 Jan 2023, 10:50AM Equitas Small Finance Bank informs about updates5 Jan 2023, 4:52PM Equitas Small Finance Bank reports 27% rise in gross advances in Q3FY235 Jan 2023, 3:43PM SBIFML gets RBI’s nod to acquire up to 9.99% stake in Equitas Small Finance Bank4 Jan 2023, 11:58AM Equitas Small Finance Bank informs about allotment of equity shares19 Dec 2022, 12:30PM Equitas Small Finance Bank informs about press release 14 Dec 2022, 3:17PM Equitas Small Finance Bank informs about allotment of equity shares 19 Nov 2022, 3:54PM RBI allows DSPIM to acquire up to 9.99% stake of Equitas Small Finance Bank18 Nov 2022, 3:16PM Equitas Small Finance Bank reports around 3-fold jump in Q2 net profit1 Nov 2022, 10:57AM Equitas Small Fin. - Quaterly Results31 Oct 2022, 8:01PM Equitas Small Fin. - Quaterly Results31 Oct 2022, 8:01PM Equitas Small Finance Bank informs about board meeting 19 Oct 2022, 3:41PM Equitas Small Finance Bank informs about press release 15 Oct 2022, 2:09PM Equitas Small Finance Bank reports 20% growth in deposits in Q2FY237 Oct 2022, 12:42PM Equitas Small Finance Bank informs about disclosure17 Sep 2022, 3:06PM Equitas Small Finance Bank informs about allotment of ESOP17 Sep 2022, 12:14PM Equitas Small Fin. - Quaterly Results28 Jul 2022, 7:30PM Equitas Small Fin. - Quaterly Results28 Jul 2022, 7:30PM Equitas Small Finance Bank collaborates with HDFC Securities25 Jul 2022, 4:38PM Equitas Small Finance Bank informs about scrutinizer's report21 Jul 2022, 4:42PM Equitas Small Finance Bank informs about press release8 Jul 2022, 2:25PM Equitas Small Finance Bank expands branches into Kerala8 Jul 2022, 2:11PM Equitas Small Finance Bank logs 19% growth in total deposits in Q1FY237 Jul 2022, 11:22AM Equitas Small Finance Bank inks pact with Freo22 Jun 2022, 11:49AM Equitas Small Finance Bank to launch ‘ENJOI’ kids savings account16 Jun 2022, 5:18PM Equitas Small Finance Bank informs about analyst meet24 May 2022, 3:37PM RBI gives no-objection for merger of Equitas SFB, Equitas Holdings7 May 2022, 10:34AM Equitas Small Finance Bank registers disbursements of Rs 10,549 crore in FY225 May 2022, 2:29PM Equitas Small Fin. - Quaterly Results4 May 2022, 7:26PM Equitas Small Fin. - Quaterly Results4 May 2022, 7:26PM Equitas Small Finance Bank reports 15% rise in gross advances in Q4FY226 Apr 2022, 5:05PM Equitas Small Finance Bank launches ‘Equitas Bank CSK Debit Card’31 Mar 2022, 11:59AM Equitas Small Finance Bank informs about analyst meet 23 Mar 2022, 4:36PM Equitas Small Finance Bank informs about press release21 Mar 2022, 4:21PM Equitas Small Finance Bank informs about credit rating 26 Feb 2022, 4:09PM Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share19 Feb 2022, 2:06PM Equitas Small Finance Bank informs about committee meeting15 Feb 2022, 10:17AM Equitas Small Finance Bank’s deposits up 13% in Q3FY2213 Jan 2022, 12:17PM Equitas Small Finance Bank associates with Government of Maharashtra20 Dec 2021, 2:45PM Equitas Small Finance Bank informs about press release20 Dec 2021, 12:28PM Equitas Small Finance Bank partners with Cholamandalam MS General Insurance 13 Dec 2021, 2:29PM Equitas Small Finance Bank informs about press release23 Nov 2021, 2:47PM Equitas Small Finance Bank ties up with HDFC Bank to offer co-branded credit cards 23 Nov 2021, 12:06PM Equitas Small Finance Bank informs about retirement of director21 Oct 2021, 4:34PM Equitas Small Finance Bank informs about earnings call21 Oct 2021, 4:24PM Equitas Small Finance Bank to raise Rs 1,000 crore19 Oct 2021, 2:31PM Equitas Small Finance Bank informs about outcome of board meeting 18 Oct 2021, 2:35PM Equitas Small Finance Bank informs about allotment of ESOP16 Oct 2021, 12:42PM Equitas Small Finance Bank’s deposits up 40% in Q2FY229 Oct 2021, 10:57AM

Equitas Small Fin. Stock Price Analysis and Quick Research Report. Is Equitas Small Fin. an attractive stock to invest in?

 

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 3459.6693 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 17.8828607084685 % in last 3 Years.

  • In terms of advances, the bank reported 14.9928102064857 % YOY,  rise . If you see 3 years advance growth, it stands at 18.6636393746841 %.

  • Currently the company has a CASA ratio of 52.0050626049385 %. It’s overall cost of liability stands at 6.5893290640968 %. Also, the total deposits from these accounts stood at Rs 18950.7973 Cr.

  • The Bank has a healthy ROA track record. The ROA of Equitas Small Fin. is at 1.08683610945822 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 4.06 % and 2.37 % 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 31.5759590667457 % 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 537.5565 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 2.0861 . The historical average PB was 0.704599310872916.

Brief about Equitas Small Fin.

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