Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank.[1][2]
Geographical DiversificationIt is present in 18 states & UTs with 964 Banking outlets & 365 ATMs[1]Company has highest number of branches in Tamil Nadu (335), Maharashtra (152), Karnataka (110). Similarly, Company get maximum business from Tamil Nadu (Advances 49%, Deposits 28%), followed by Maharashtra (Advances 15%, Deposits 13%) & Karanataka (Advances 12%, Deposits 9%)[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | AU Small Finance | 1008.75 | 34.67 | 75371.85 | 0.10 | 560.87 | -1.81 | 4511.28 | 15.36 | 8.40 | 17273.80 | 51.72 | 2173.88 | 560.87 | 4.15 | 1.58 | 7.87 |
| 2. | Ujjivan Small | 58.21 | 27.07 | 11286.68 | 0.00 | 121.72 | -47.77 | 1682.31 | 4.31 | 8.53 | 6465.58 | 38.93 | 416.95 | 121.72 | 1.81 | 1.65 | 6.77 |
| 3. | Equitas Sma. Fin | 66.64 | – | 7601.76 | 0.00 | 24.14 | 87.42 | 1617.35 | 4.02 | 6.85 | 6522.11 | 33.88 | -91.21 | 24.14 | 1.30 | 0.30 | 8.12 |
| 4. | Jana Small Finan | 420.15 | 10.76 | 4423.07 | 0.00 | 74.99 | -22.47 | 1304.78 | 11.90 | 8.15 | 4933.52 | 40.70 | 411.06 | 74.99 | 1.03 | 1.41 | 8.49 |
| 5. | Utkarsh Small F. | 15.40 | – | 2740.47 | 0.00 | -348.46 | -778.07 | 839.97 | -14.89 | 7.17 | 3532.93 | 7.10 | -753.02 | -348.46 | 1.17 | 0.09 | 9.98 |
| 6. | Fino Payments | 253.30 | 26.28 | 2107.92 | 0.00 | 15.35 | -27.42 | 60.11 | 25.88 | 6.64 | 223.23 | -615.28 | 80.22 | 15.35 | 2.80 | 2.43 | 3.93 |
| 7. | Suryoday Small | 144.29 | 23.52 | 1533.66 | 0.00 | 30.41 | -33.00 | 519.66 | 2.46 | 7.28 | 1973.26 | 37.70 | 65.21 | 30.41 | 0.77 | 0.82 | 7.11 |
| – | Median: 9 Co. | 144.29 | 24.9 | 2740.47 | 0.0 | 30.41 | -22.47 | 839.97 | 4.31 | 7.17 | 3532.93 | 37.7 | 80.22 | 30.41 | 1.17 | 1.36 | 7.87 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – | – | – | – |
Expenses | 571 | 715 | 967 | 662 | 974 | 1,375 | 685 | 758 | 1,002 | 602 | 680 | 1,021 | 969 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 153 | 205 | 238 | 171 | 209 | 292 | 239 | 240 | 225 | 145 | 181 | 239 | 229 |
Profit before tax | 229 | 276 | 90 | 252 | 36 | -297 | 261 | 268 | 53 | 152 | 267 | 20 | 34 |
Tax % | 26% | 27% | 26% | 24% | 28% | -25% | 27% | 23% | 21% | 24% | 26% | 36% | 28% |
Net Profit | 170 | 202 | 66 | 191 | 26 | -224 | 190 | 208 | 42 | 116 | 198 | 13 | 24 |
EPS in Rs | 1.36 | 1.79 | 0.58 | 1.72 | 0.23 | -1.96 | 1.71 | 1.83 | 0.37 | 0.93 | 1.77 | 0.11 | 0.21 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – | – | – | – |
Expenses | 0 | 17 | 230 | 561 | 964 | 1,015 | 1,304 | 1,628 | 2,123 | 2,361 | 2,681 | 3,816 | 4,313 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 0 | 0 | 71 | 233 | 241 | 283 | 282 | 418 | 538 | 670 | 799 | 911 | 984 |
Interest | 0 | 2 | 159 | 460 | 684 | 964 | 1,150 | 1,396 | 1,421 | 1,617 | 2,407 | 3,060 | 3,315 |
Depreciation | 0 | 0 | 5 | 32 | 88 | 92 | 96 | 76 | 75 | 85 | 134 | 148 | 0 |
Profit before tax | -0 | -13 | 85 | 161 | 49 | 324 | 377 | 511 | 378 | 769 | 1,063 | 199 | -121 |
Net Profit | -0 | -13 | 85 | 104 | 32 | 211 | 244 | 384 | 281 | 574 | 799 | 147 | -91 |
EPS in Rs | -3.96 | -2.13 | 2.01 | 1.04 | 0.32 | 2.09 | 2.31 | 3.37 | 2.24 | 5.16 | 7.04 | 1.29 | -0.80 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 19% | 14% | 78% | – |
Standalone figures in ₹ crores
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 61 | 423 | 1,006 | 1,006 | 1,006 | 1,053 | 1,139 | 1,252 | 1,111 | 1,135 | 1,140 | 1,140 |
Reserves | -0 | -13 | 288 | 1,006 | 1,038 | 1,248 | 1,691 | 2,257 | 2,994 | 4,047 | 4,834 | 4,933 | 4,718 |
Borrowings | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Liabilities | 0 | 14 | 65 | 533 | 485 | 529 | 628 | 755 | 1,134 | 1,478 | 1,418 | 1,519 | 2,027 |
Total Liabilities | 5 | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,948 | 34,958 | 45,304 | 52,836 | 55,431 |
Fixed Assets | 0 | 4 | 11 | 274 | 280 | 236 | 210 | 184 | 189 | 338 | 537 | 531 | 709 |
Gross Block | 0.00 | 3.52 | 24.13 | 352.62 | 444.68 | 487.14 | 550.35 | 592.18 | 665.98 | 886.79 | 1,208.80 | 1,331.76 | – |
Accumulated Depreciation | 0.00 | 0.00 | 12.96 | 79.01 | 164.94 | 251.43 | 339.86 | 408.01 | 476.71 | 549.09 | 672.28 | 800.85 | – |
CWIP | 0 | 0 | 0 | 15 | 1 | 2 | 2 | 1 | 11 | 41 | 68 | 165 | 0 |
Investments | 0 | 0 | 0 | 1,890 | 3,857 | 2,344 | 2,343 | 3,705 | 4,450 | 6,665 | 9,065 | 9,289 | 10,598 |
Other Assets | 5 | 102 | 2,403 | 7,066 | 9,172 | 13,181 | 16,740 | 20,818 | 22,297 | 27,914 | 35,634 | 42,851 | 44,124 |
Total Assets | 5 | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,948 | 34,958 | 45,304 | 52,836 | 55,431 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | -101 | -336 | 1,334 | 213 | 1,799 | 440 | 2,044 | 159 | -998 | 3,834 | 1,937 |
Cash from Investing Activity | – | -3 | -9 | -405 | -11 | -7 | -72 | -43 | -89 | 49 | -360 | -239 |
Cash from Financing Activity | – | 108 | 168 | -563 | -28 | -1,706 | 908 | -1,154 | -1,317 | 60 | -1,210 | 259 |
Net Cash Flow | – | 4 | -177 | 366 | 173 | 86 | 1,276 | 847 | -1,246 | -888 | 2,264 | 1,957 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | – | – | – | – | – | – | – | – | – | – | – | – |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | – | – | – | – | – | – | – | – | – | – | – | – |
Working Capital Days | – | – | – | – | – | – | – | – | – | – | – | – |
ROCE % | – | – | – | – | – | – | – | – | – | – | – | – |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
May 2025
Feb 2025
Nov 2024
Nov 2024
Jul 2024
Apr 2024
Jan 2024
Oct 2023
Jul 2023
May 2023
Feb 2023
Nov 2022
Jul 2022
Jul 2022
May 2022
Sep 2021
Jul 2021
Jul 2021
Apr 2021
Jan 2021
Dec 2020
Stock Analysis
Corporate Announcements
