EQUITASBNKFinancial Services

Equitas Small Finance Bank Limited

Other Bank · ISIN INE063P01018 · BSE 543243 · NSE EQ · FV ₹10
Last price
₹72
-1.86%today
What this company does

Equitas Small Finance Bank Limited operates in Other Bank, part of the Financial Services sector. It booked ₹1,960 cr of revenue in its latest quarter (Q1 FY27) and kept 9.4% of sales as profit. It is the 3rd largest of 9 Other Bank companies we track, by market value.

Their stated mission

is to bridge the gap by delivering meaningful financial solutions to the unserved and underserved, while also catering to the needs of the mass affluent, SMEs, and corporates.

In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 187–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns36

How much profit it earns on the money it employs

Cash quality31

Whether reported profit actually arrives as cash

Valuation61

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 19% vs last year
No promoter shares pledged
Watch-outs
! Operating cash flow is negative

What if I invest in EQUITASBNK?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹72 -1.86%
latest close · 2026-09-17
1-year return
+23.0%
52-wk low ₹3752-wk high ₹82
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.2Low
LowAverageHigh
P/B ratio1.35Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.0%Fair
WeakFairStrong ▸15%
Net margin9.4%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.94Moderate
LowModerateHigh ▸1
More figures
Market cap
₹8,250 cr
Book value
₹54
EPS
₹1.61
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.2%
Earnings yield
8.93%
P/S
1.05
Sales / share
₹68.6
Tax rate
24.8%
Face value
₹10
Shares
114.4 cr
Working capital
Current assets
Current liabilities
Delivery %
56.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹10₹11, midpoint ₹10

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Interest Earned₹1,960 cr
Other Income₹255 cr
Total Income₹2,215 cr
Interest Expended₹931 cr
Employee Cost₹549 cr
Other Operating Expenses₹331 cr
Total Expenditure₹1,811 cr
Operating Profit before Provisions₹405 cr
Provisions & Contingencies₹161 cr
Profit before Tax₹244 cr
Tax Expense₹60 cr
Net Profit₹184 cr
Net margin on total income8.3%
Where the money goes

Not enough income-statement detail filed to break this down yet.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,692 cr1,836 cr1,960 cr
Total income1,981 cr2,100 cr2,215 cr
Expenses
Profit before tax114 cr278 cr244 cr
Tax24 cr66 cr60 cr
Net profit (owners' share)90 cr213 cr184 cr
Net margin (owners' share, on revenue)5.3%11.6%9.4%
EPS (₹)0.791.861.61
YoY (latest quarter): total income +14.2% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹60,610 cr
Shareholder equity
₹6,125 cr
parent shareholders
Borrowings
₹5,773 cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹-423 cr
Investing
₹-92 cr
Financing
₹1,318 cr

Lender caveat: a bank's operating cash swings with deposits and lending — this is loan-book activity, not distress.

Peer comparison
Other Bank · by market value
CompanyPriceMarket capP/E
AU Small Finance Bank Limited₹1,039₹77,841 cr24.4
Ujjivan Small Finance Bank Limited₹64₹12,444 cr9.8
Equitas Small Finance Bank Limitedthis company₹72₹8,250 cr11.2
Jana Small Finance Bank Limited₹520₹5,479 cr8.8
Utkarsh Small Finance Bank Limited₹14₹2,500 cr
ESAF Small Finance Bank Limited₹38₹1,983 cr6.2
Suryoday Small Finance Bank Limited₹147₹1,557 cr5.2
Capital Small Finance Bank Limited₹280₹1,273 cr7.7
Fino Payments Bank Limited₹136₹1,135 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 9 Aug 2024
ActionDetailEx-date
Dividend₹1 / share9 Aug 2024
Dividend₹1 / share28 Jul 2023
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
15.7%
DII / Domestic
51.3%
Retail / others
33.0%
Smart-money activity
Insider trades
SoldSrinivasan Bhaskar · Other6.00 L · ₹3.9 cr15 Mar 23
SoldM V P Mohan Sharma · Employees/Designated Employees19,392 · ₹10.8 L8 Feb 23
SoldM V P Mohan Sharma · Employees/Designated Employees19,392 · ₹10.5 L30 Jan 23
Bulk / block deals
short · NSE618 Aug 26
short · NSE16424 Jul 26
short · NSE2,58319 Mar 26
Stake changes
BoughtMirae Asset Mutual Fund→ 7.80% · 13.93 L1 Jul 26
BoughtMirae Asset Mutual Fund→ 5.76% · 97.19 L4 Jun 26
BoughtHDFC Mutual Fund→ 6.15% · 2.33 cr20 Nov 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 9 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended 31st March 2026 and the reports of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
67.86 cr votes for, 2,535 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Balaji Nuthalapadi (DIN: 08198456) who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
67.87 cr votes for, 35,736 against · 0% of mutual funds and other big investors said no
3
To appoint M/s. Sundaram & Srinivasan, Chartered Accountants (Firm Registration No.: 004207S) as one of the Joint Statutory Auditors of the Bank
Backed by 100% of shareholders other than promotersneeded 50%
67.88 cr votes for, 4,267 against · 0% of mutual funds and other big investors said no
4
To fix the Remuneration payable to the Joint Statutory Auditors for the Financial Year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
67.88 cr votes for, 4,747 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.