Incorporated in 1992, ESAF Small FinanceBank provides micro, retail and corporate banking, para banking activities such asdebit card, third party financial product distribution, in addition to treasury andpermitted foreign exchange business[1]
Business Overview:[1][2][3]a)ESAF SFB is a Scheduled commercial bank with a presence in 24 States and 2 UTs, with ~756 Banking Outlets and 646 ATMsb)It has 8,834 Customer Touchpoints for 89.4 lakh Customersc)Company has Loan Book ofRs. 19,216 Crwhich includes Micro Loans ~62%, and Retail & Other Loans ~38%. It has Deposits of Rs. 21,613 Crd)GNPA ~6.9%, NNPA ~2.9%, CASA ~22.7%, NIM ~10.7%e) 53%of their customers are in rural and semi urban areas, and70%of their banking outlets are in rural and semi-urban areas
| 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 | 1014.95 | 34.88 | 75835.11 | 0.10 | 560.87 | -1.81 | 4511.28 | 15.36 | 8.40 | 17273.80 | 51.72 | 2173.88 | 560.87 | 4.17 | 1.58 | 7.87 |
| 2. | Ujjivan Small | 58.44 | 27.18 | 11331.28 | 0.00 | 121.72 | -47.77 | 1682.31 | 4.31 | 8.53 | 6465.58 | 38.93 | 416.95 | 121.72 | 1.82 | 1.65 | 6.77 |
| 3. | Equitas Sma. Fin | 66.68 | – | 7606.32 | 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 | 433.65 | 11.11 | 4565.19 | 0.00 | 74.99 | -22.47 | 1304.78 | 11.90 | 8.15 | 4933.52 | 40.70 | 411.06 | 74.99 | 1.07 | 1.41 | 8.49 |
| 5. | Utkarsh Small F. | 15.12 | – | 2690.64 | 0.00 | -348.46 | -778.07 | 839.97 | -14.89 | 7.17 | 3532.93 | 7.10 | -753.02 | -348.46 | 1.15 | 0.09 | 9.98 |
| 6. | Fino Payments | 255.65 | 26.52 | 2127.48 | 0.00 | 15.35 | -27.42 | 60.11 | 25.88 | 6.64 | 223.23 | -615.28 | 80.22 | 15.35 | 2.83 | 2.43 | 3.93 |
| 7. | Suryoday Small | 142.70 | 23.26 | 1516.76 | 0.00 | 30.41 | -33.00 | 519.66 | 2.46 | 7.28 | 1973.26 | 37.70 | 65.21 | 30.41 | 0.76 | 0.82 | 7.11 |
| 8. | ESAF Small Fin | 27.02 | – | 1393.08 | 0.00 | -115.81 | 12.31 | 819.82 | -17.63 | 4.28 | 3490.00 | 12.66 | -591.12 | -115.81 | 0.80 | -1.96 | 14.30 |
| – | Median: 9 Co. | 142.7 | 24.89 | 2690.64 | 0.0 | 30.41 | -22.47 | 839.97 | 4.31 | 7.17 | 3532.93 | 37.7 | 80.22 | 30.41 | 1.15 | 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 | 481 | 567 | 881 | 505 | 619 | 682 | 457 | 682 | 820 | 425 | 487 | 834 | 665 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 81 | 120 | 112 | 93 | 115 | 195 | 94 | 150 | 145 | 65 | 79 | 40 | 145 |
Profit before tax | 51 | 150 | -282 | 174 | 85 | -109 | 136 | 59 | -241 | 77 | 188 | -255 | -155 |
Tax % | 27% | 25% | -25% | 25% | 26% | -26% | 26% | 26% | -24% | 25% | 26% | -25% | -25% |
Net Profit | 37 | 112 | -211 | 130 | 63 | -81 | 101 | 43 | -183 | 58 | 140 | -190 | -116 |
EPS in Rs | 0.83 | 2.18 | -4.09 | 2.89 | 1.22 | -1.58 | 2.26 | 0.84 | -3.55 | 1.28 | 3.12 | -3.69 | -2.25 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – |
Expenses | 31 | 357 | 538 | 646 | 879 | 1,248 | 1,676 | 2,190 | 3,152 | 3,048 |
Operating Profit | – | – | – | – | – | – | – | – | – | – |
Other Income | 19 | 102 | 109 | 133 | 127 | 208 | 288 | 442 | 467 | 597 |
Interest | 16 | 315 | 458 | 621 | 720 | 793 | 1,017 | 1,449 | 1,811 | 1,827 |
Depreciation | 0 | 0 | 17 | 23 | 29 | 33 | 42 | 51 | 59 | 0 |
Profit before tax | 1 | 27 | 127 | 256 | 141 | 74 | 406 | 570 | -693 | -788 |
Net Profit | 1 | 27 | 90 | 190 | 105 | 55 | 302 | 426 | -521 | -591 |
EPS in Rs | 0.03 | 0.87 | 2.11 | 4.45 | 2.34 | 1.22 | 6.73 | 8.27 | -10.12 | -11.47 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 0% | – |
Standalone figures in ₹ crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 302 | 312 | 428 | 428 | 449 | 449 | 449 | 515 | 515 | 516 |
Reserves | 4 | 31 | 466 | 656 | 903 | 962 | 1,266 | 1,977 | 1,434 | 1,233 |
Borrowings | – | – | – | – | – | – | – | – | – | – |
Other Liabilities | 227 | 183 | 145 | 154 | 293 | 528 | 489 | 505 | 547 | 374 |
Total Liabilities | 2,994 | 4,724 | 7,058 | 9,470 | 12,339 | 17,708 | 20,224 | 26,087 | 27,178 | 27,129 |
Fixed Assets | 33 | 69 | 86 | 116 | 133 | 159 | 188 | 205 | 237 | 435 |
Gross Block | – | – | 112.42 | 165.80 | 208.69 | 267.29 | 335.01 | 401.84 | 491.84 | – |
Accumulated Depreciation | – | – | 26.75 | 49.88 | 76.09 | 107.89 | 147.32 | 196.90 | 254.73 | – |
CWIP | 0 | 0 | 4 | 4 | 6 | 0 | 0 | 3 | 63 | 0 |
Investments | 579 | 732 | 1,531 | 1,734 | 1,932 | 4,070 | 4,889 | 5,541 | 5,995 | 6,396 |
Other Assets | 2,382 | 3,924 | 5,438 | 7,616 | 10,268 | 13,478 | 15,147 | 20,338 | 20,883 | 20,298 |
Total Assets | 2,994 | 4,724 | 7,058 | 9,470 | 12,339 | 17,708 | 20,224 | 26,087 | 27,178 | 27,129 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | -239 | 1,089 | 1,127 | -584 | -571 | 1,001 | 3,176 |
Cash from Investing Activity | – | – | -171 | -635 | -638 | -982 | -573 | -583 | -769 |
Cash from Financing Activity | – | – | 488 | -499 | 653 | 1,259 | 399 | 235 | -1,852 |
Net Cash Flow | – | – | 78 | -45 | 1,143 | -308 | -745 | 654 | 556 |
Standalone Figures in ₹ Crores / Yearly
| 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 % | – | – | – | – | – | – | – | – | – |
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