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Jana Small Finance Bank Ltd

₹ 4342.41%
05 Jan – close price
🔗janabank.comâ€ĸBSE: 544118â€ĸNSE: JSFB
Market Cap₹ 4,565 Cr.
Current Price₹ 434
High / Low₹ 553
Stock P/E11.1
Book Value₹ 407
Dividend Yield0.00 %
ROCE8.15 %
ROE13.0 %
Face Value₹ 10.0
Sales₹ 4,934 Cr.
OPM40.7 %
Mar Cap₹ 4,565 Cr.

ABOUT

Incorporated in 2006, Jana SmallFinance Bank Ltd provides a widerange of banking and financial services[1]

KEY POINTS

Business Overview:[1][2]JSFBL is a small finance bank. The Jana Holdings Ltd is their promoter with ~25%stake. Bank has ~776Banking Outlets in ~22States/2UTs with 4.5 Million Active Customers. Its ~37%of the outlets are Unbanked Rural Centres

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket 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 valueReturn on assets (%)Debt to equity
1.AU Small Finance1014.9534.8875835.110.10560.87-1.814511.2815.368.4017273.8051.722173.88560.874.171.587.87
2.Ujjivan Small58.4427.1811331.280.00121.72-47.771682.314.318.536465.5838.93416.95121.721.821.656.77
3.Equitas Sma. Fin66.68–7606.320.0024.1487.421617.354.026.856522.1133.88-91.2124.141.300.308.12
4.Jana Small Finan433.6511.114565.190.0074.99-22.471304.7811.908.154933.5240.70411.0674.991.071.418.49
5.Utkarsh Small F.15.12–2690.640.00-348.46-778.07839.97-14.897.173532.937.10-753.02-348.461.150.099.98
6.Fino Payments255.6526.522127.480.0015.35-27.4260.1125.886.64223.23-615.2880.2215.352.832.433.93
7.Suryoday Small142.7023.261516.760.0030.41-33.00519.662.467.281973.2637.7065.2130.410.760.827.11
–Median: 9 Co.142.724.892690.640.030.41-22.47839.974.317.173532.9337.780.2230.411.151.367.87

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
–––––––––––––
Expenses
492553665560639759548604711498566681791
Operating Profit
–––––––––––––
Other Income
170140177188189264161179234115164176247
Profit before tax
1191351059016010281166120111238875
Tax %
0%0%-5%0%-7%0%0%-93%-3%0%0%-9%0%
Net Profit
1191351119017110281322123111239775
EPS in Rs
23.5326.5410.5617.8116.319.6915.9730.7611.752.0724.229.257.13

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
–––––––––
Expenses
2,8442,3991,3221,3311,6271,9602,2222,6352,926
Operating Profit
–––––––––
Other Income
42113433235324625670776923
Interest
1,1648149801,2351,3371,4151,8862,3172,529
Depreciation
0999383816962610
Profit before tax
-2,411-1,94930845256514474402
Net Profit
-2,504-1,94930845256670501411
EPS in Rs
-637.29-413.325.9416.621.0750.4664.0247.7339.13
Dividend Payout %
-0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:72%
3 Years:347%
TTM:-43%

Compounded Sales Growth

10 Years:%
5 Years:19%
3 Years:20%
TTM:10%

Return on Equity

10 Years:%
5 Years:16%
3 Years:19%
Last Year:13%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:10%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
394751515155105105105
Reserves
1,4904768439269991,4723,4734,0134,175
Borrowings
–––––––––
Other Liabilities
5584875507639381,2351,3501,3591,566
Total Liabilities
9,7499,44614,14519,09120,18925,64432,71038,46442,188
Fixed Assets
385332259211170123139150177
Gross Block
–603.24617.38644.03668.62633.86688.05722.81–
Accumulated Depreciation
–271.22357.96433.22498.15511.25549.41572.84–
CWIP
021115330
Investments
1,9971,4682,6504,6985,0655,2216,7385,9458,644
Other Assets
7,3677,64411,23414,18114,95220,29525,83132,36633,366
Total Assets
9,7499,44614,14519,09120,18925,64432,71038,46442,188

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
–2,771949615859-1,1377084,073
Cash from Investing Activity
–-231-285-1,266-1,330-434-780-321
Cash from Financing Activity
–-2,489-8521,917-2402,10433-1,331
Net Cash Flow
–51-1881,266-711532-392,421

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
––––––––
Inventory Days
––––––––
Days Payable
––––––––
Cash Conversion Cycle
––––––––
Working Capital Days
––––––––
ROCE %
––––––––

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
22.54%22.54%22.38%22.35%22.28%21.88%21.87%
FIIs
1.15%1.02%1.09%0.51%0.89%0.28%1.21%
DIIs
17.70%17.73%17.99%18.47%15.89%16.03%14.81%
Public
58.62%58.71%58.53%58.67%60.94%61.81%62.12%

* The classifications might have changed from Sep'2022 onwards.ℹī¸

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Jana Small Finance Bank Confirms No Share Dematerialization/Rematerialization Requests for Q4 FY26

2nd April 2026, 10:40 pm

Jana Small Finance Bank Schedules Investor Meet for March 30, 2026

26th March 2026, 3:21 am

Jana Small Finance Bank to close trading window from April 1, 2026

25th March 2026, 5:00 pm

Jana Small Finance Bank Seeks Shareholder Approval for 3 Independent Director Appointments via Postal Ballot

24th March 2026, 9:28 pm

Jana Small Finance Bank Announces Investor Meet for Q3 FY26 Results Discussion

20th March 2026, 10:15 pm

Published by Other Websites

External media mentions & references

Senior Citizens FD Rates Climb to 7.9% Amidst Bank Competition

16th April 2026, 7:45 pm

RBI Returns Ujjivan SFB's Universal Bank License Bid Over Diversification

13th April 2026, 8:31 pm

Systematix Flags SFBs for Q4 Gains; Ujjivan, Equitas Top Picks

13th April 2026, 9:53 am

Senior Citizens Bag Up To 8.25% FD Rates: Top Banks Revealed

2nd April 2026, 10:03 am

Small Finance Banks Lead FD Rates, Outpacing Private Lenders

21st March 2026, 1:54 pm

News Articles

Editorial & research coverage

Jana SFB's Profit Plummets 91%, Eyes Guarantee Programs for RoA Boost
Jana SFB's Profit Plummets 91%, Eyes Guarantee Programs for RoA Boost

6th February 2026, 5:37 pm

India's BFSI Talent Revolution: Top Banks Share Game-Changing Skill Secrets in New Book
India's BFSI Talent Revolution: Top Banks Share Game-Changing Skill Secrets in New Book

15th December 2025, 11:18 am

Jana SFB Q3 Profit Plummets 22% YoY Despite Revenue Growth
Jana SFB Q3 Profit Plummets 22% YoY Despite Revenue Growth
Jana SFB Loan Growth Strong, Profit Crashes 91% on Provisions
Jana SFB Loan Growth Strong, Profit Crashes 91% on Provisions
Jana SFB Profit Halved by Provisions; Aims Q4 Recovery
Jana SFB Profit Halved by Provisions; Aims Q4 Recovery

Documents

Announcements

Closure of Trading Window

29 Dec - Trading window closed from 01 Jan 2026; reopens 48 hours after declaring unaudited results for quarter ended 31 Dec 2025.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
Announcement under Regulation 30 (LODR)-Change in Management

20 Nov 2025 - Chitra Talwar appointed Part-Time Chairperson effective 08 Feb 2026 to 30 Jan 2028; RBI approved.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from nse)

Credit Ratings

Rating update

9 Oct 2025 from fitch

Rating update

7 Oct 2025 from fitch

Rating update

13 Mar 2025 from icra

Rating update

18 Feb 2025 from care

Rating update

31 Jan 2025 from fitch

Rating update

15 Mar 2024 from icra

Concalls

Oct 2025

TranscriptPPT

Jul 2025

TranscriptPPT

May 2025

TranscriptPPTRecording

Jan 2025

TranscriptPPT

Oct 2024

TranscriptPPTRecording

Jul 2024

TranscriptPPTRecording

May 2024

TranscriptPPT

Mar 2024

TranscriptPPT

Stock Analysis

Description

  1. Jana Small Finance Bank Limited is a scheduled commercial bank providing a wide range of banking and financial services.

Key Growth Triggers

  1. The bank's strategic pivot towards secured lending, aiming to increase its share to 80% of the GLP by FY27-28, combined with robust deposit growth of 31.13% YoY to ₹32,532 Cr, is expected to drive future performance. Management guidance projects approximately 20% GLP growth for FY26.

Order Book

  1. Not applicable for a bank.

Key Red Flags

  1. The Reserve Bank of India returned the bank's application for a voluntary transition to a Universal Bank. A GST demand-penalty of ₹14.32 crore was issued, and the bank faces challenges from a declining CASA ratio (17.8%) and higher cost of funds (8.0%).

Key Dates To Watch

  1. Board Meeting to approve Q3 FY26 results scheduled for October 17, 2025.

Corporate Announcements

2nd Apr 26
Impact Rating: 3
In a routine filing, Jana Small Finance Bank has certified that its Registrar and Share Transfer Agent received no requests for share dematerialization or rematerialization for the quarter ending March 31, 2026.
25th Mar 26
Impact Rating: 7
Jana Small Finance Bank will conduct a virtual investor and analyst meet on March 30, 2026, with Spark Capital, focusing on Q3 FY26 financial results. The bank assures that no unpublished price-sensitive information will be disclosed during the meeting.
25th Mar 26
Impact Rating: 5
Jana Small Finance Bank will close its trading window from April 1, 2026, as per SEBI rules. It will reopen 48 hours after the Q4FY26 audited financial results are declared.
24th Mar 26
Impact Rating: 8
Jana Small Finance Bank is seeking shareholder approval for appointing Mr. Ajay Rotti Jayathirtha, Mr. Pankaj Razdan, and Mrs. Malini B Mallikarjun as Independent Directors through a postal ballot.
20th Mar 26
Impact Rating: 8
Jana Small Finance Bank announced a scheduled investor and analyst meet for March 25, 2026, in Mumbai. The Managing Director & CEO will engage with select investors to discuss Q3 2025-26 financial results.