Equitas Small Finance Bank Ltd.

NSE: EQUITASBNK BSE: 543243 SECTOR: Bank - Private  41k   631   184

39.25
+0.95 (2.48%)
NSE: 24 Jun 03:58 PM

Price Summary

Today's High

₹ 39.4

Today's Low

₹ 38.4

52 Week High

₹ 76.8

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.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

4918.92 Cr.

CASA %

34.25

No. of Shares

125.32 Cr.

P/E

17.52

P/B

1.16

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  33.89

Net Interest Income

1797.96 Cr.

Cost To Income %

59.99

Promoter Holding

74.59 %

EPS (TTM)

₹  2.24

CAR %

0

ROE

12.51 %

ROCE

12.15%

Profit Growth

57.7 %

* 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 Year12.51%
3 Year10.69%
5 Year8.26%

ROA%

1 Year1.75%
3 Year1.53%
5 Year1.33%

Net NPA%

1 Year1.52%
3 Year1.54%
5 Year1.58%

 NIM

1 Year7.51%
3 Year7.71%
5 Year7.2%

CAR %

0

Cost of Liabilities %

6.79298090613755

PEG Ratio

0.38

Advances Growth %

22.7247255229302

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 74.59 0
Dec 2021 81.36 0
Sep 2021 81.55 0
Jun 2021 81.75 0
Mar 2021 81.98 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The bank has been maintaining a healthy ROA of 1.52816080742017% since last 3 years.
  • The company has been consistently maintaining a NIM of 7.70866717618923% since last 3 years.
  • The company has delivered good Profit growth of 129.390774758661% over the past 3 years.
  • The company has delivered good Income growth of 27.458162584892% over the past 3 years.
  • Strong Advances growth of 29.7855418112396% in the last 3 years.

 Limitations

  • High Cost to income ratio of 59.9918592608805%.
  • Increase in Provision and contingencies of 52.172407613583% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Interest Earned 818.33 818.97 843.58 900.89 895.83
Other Income 178.4 103.62 147.82 134.12 148.15
Interest Expended 369.76 357.93 359.75 360.08 343.37
Operating Expenses 377.12 400.22 437.01 450.22 416.7
Total Provisions 96.98 150.2 137.82 78.4 123.17
Profit Before Tax 152.86 14.25 56.82 146.31 160.73
Tax 39.99 2.32 15.63 38.2 41.22
Net Profit 112.87 11.93 41.19 108.11 119.51
Net NPA % 1.58 2.38 2.46 2.51 2.47
Gross NPA % 3.73 4.76 4.82 4.61 4.24
Return on Assets % 0.44 0.05 0.16 0.41 0.43
NPM % 13.79 1.46 4.88 12 13.34

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Interest Earned 981.05 1542.71 2111.93 2645.44 3194.41
Other Income 233.23 241.22 282.9 282.35 418.05
Interest Expended 447.16 682.17 960.2 1150.14 1396.45
Operating Expenses 509.24 881.11 1008.49 1180.08 1329.43
Total Provisions 153.75 188.81 102.41 246.64 375.32
Profit Before Tax 104.13 31.83 323.74 350.94 511.26
Taxes 0 0 113.17 107.3 127.04
Net Profit 229.99 31.83 210.57 243.64 384.22
Adjusted EPS (Rs.) 1.04 0.32 2.09 2.31 3.37

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 1005.94 1005.94 1005.94 1053.4 1139.28
Total Reserves 1005.98 1037.81 1248.38 1690.75 2257.06
Deposits 1921.29 5603.93 9006.74 10788.41 16391.97
Borrowings 4778.9 5177.21 3973.03 5134.87 4165.32
Other Liabilities 533.24 485.07 528.61 628.12 761.59
Total Liabilities 9245.34 13309.96 15762.69 19295.55 24715.22
Assets
Balance with RBI 247.93 386.08 402.7 380.86 514.81
Balance with Banks 866.14 825.08 857.91 2155.98 2863.9
Investments 1890.5 3856.84 2344.45 2342.51 3705.17
Advances 5701.83 7706.69 11595 13728.24 16847.95
Net Block 273.61 279.73 235.71 210.5 184.17
Other Assets 250.59 254.38 325.28 475.19 598.35
Total Assets 9245.34 13309.96 15762.69 19295.55 24715.22
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 81.98 81.75 81.55 81.36 74.59
equitas holdings l... 81.98 81.75 81.55 81.36 74.59
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 18.02 18.25 18.45 18.64 25.41
hdfc trustee co lt... - 3.01 - - 3.43
hdfc small cap fund - - 3.25 3.24 -
sbi large & midcap... - - - - 2.83
government of sing... - - - - 2.30
mirae asset tax sa... 1.22 - - 2.26 -
mirae asset large ... - 1.26 1.88 - 2.08
nippon life india ... - - - - 2.02
nippon life india ... - - - 1.35 -
icici prudential l... 1.28 1.27 1.19 1.15 1.03
franklin india sma... 1.25 1.25 1.24 1.24 1.14
iifl special oppor... 1.11 - - - -
hdfc trustee compa... 1.11 - - - -
itpl - invesco ind... 1.02 1.10 - - -
invesco india cont... - - 1.09 1.09 -
nippon life india ... - - 1.04 - -

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

Company News

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 Finance Bank launches ASBA facility6 Oct 2021, 4:11PM Equitas Small Finance Bank informs about press release20 Sep 2021, 12:27PM Equitas Small Finance Bank launches digital fixed deposits on Google Pay through Setu1 Sep 2021, 2:44PM Equitas Small Finance Bank to launch ‘Equitech’9 Aug 2021, 12:00PM Equitas Small Finance Bank reports 79% fall in Q1 net profit2 Aug 2021, 2:02PM Equitas Small Finance Bank informs about newspaper advertisement16 Jul 2021, 12:38PM Equitas Small Finance Bank modifies current account proposition1 Jul 2021, 3:44PM Equitas Small Finance Bank offers online process for NRI account opening21 May 2021, 10:57AM Equitas Small Finance Bank reports 2-fold jump in Q4 net profit30 Apr 2021, 12:17PM Equitas Small Finance Bank reports 52% growth in total deposits during Q4FY217 Apr 2021, 12:31PM Equitas Small Finance Bank informs about rating affirmation27 Mar 2021, 11:06AM Equitas Small Finance Bank renews partnership with Chennai Super Kings for IPL 202124 Mar 2021, 10:09AM Equitas Small Finance Bank partners with MSRDC, Ocean Highway Facilities & Solutions 12 Feb 2021, 12:41PM Equitas Small Finance Bank informs about board meeting20 Jan 2021, 12:48PM Equitas Small Finance Bank’s deposits increase 51% YoY in Q3FY2111 Jan 2021, 11:00AM Equitas Small Finance Bank submits business updates 9 Jan 2021, 11:36AM Equitas Small Finance Bank launches 3-in-1 account10 Dec 2020, 11:43AM Equitas Small Finance Bank launches new product aimed at women ‘Eva’17 Nov 2020, 9:38AM Equitas Small Finance Bank offering gold loan to customers to meet financial requirements30 Jun 2020, 10:52AM

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 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.

Brief about Equitas Small Fin.

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