ESAFSFBFinancial Services

ESAF Small Finance Bank Limited

Other Bank · ISIN INE818W01011 · BSE 544020 · NSE BE · FV ₹10
Last price
₹38
-1.33%today
What this company does

ESAF Small Finance Bank Limited operates in Other Bank, part of the Financial Services sector. It booked ₹1,098 cr of revenue in its latest quarter (Q1 FY27) and kept 7.3% of sales as profit. It is the 6th largest of 9 Other Bank companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% 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)
40

At close. Not part of the score.

Profitability & returns53

How much profit it earns on the money it employs

Cash quality78

Whether reported profit actually arrives as cash

Valuation77

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 33% vs last year
Promoters hold 63%
No promoter shares pledged
Strong 18% return on equity
Watch-outs
! Thin 7.3% net margin
! Carries high debt (D/E 1.5)
! Operating cash flow is negative

What if I invest in ESAFSFB?

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 We do not publish price targets or predict returns.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
₹38 -1.33%
latest close · 2026-09-17
52-wk low ₹3542 sessions so far52-wk high ₹45
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 ratio6.2Low
LowAverageHigh
P/B ratio1.11Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.0%Strong
WeakFairStrong ▸15%
Net margin7.3%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.55High
LowModerateHigh ▸1
More figures
Market cap
₹1,983 cr
Book value
₹35
EPS
₹1.55
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.0%
Earnings yield
16.13%
P/S
0.45
Sales / share
₹85.1
Tax rate
25.2%
Face value
₹10
Shares
51.6 cr
Working capital
Current assets
Current liabilities
Delivery %
32.5%
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 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

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₹1,098 cr
Other Income₹248 cr
Total Income₹1,346 cr
Interest Expended₹514 cr
Employee Cost₹180 cr
Other Operating Expenses₹304 cr
Total Expenditure₹997 cr
Operating Profit before Provisions₹349 cr
Provisions & Contingencies₹242 cr
Profit before Tax₹107 cr
Tax Expense₹27 cr
Net Profit₹80 cr
Net margin on total income5.9%
Where the money goes

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

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue894 cr1,196 cr1,098 cr
Total income1,163 cr1,196 cr1,346 cr
Expenses
Profit before tax9 cr27 cr107 cr
Tax2 cr4 cr27 cr
Net profit (owners' share)7 cr24 cr80 cr
Net margin (owners' share, on revenue)0.8%2.0%7.3%
EPS (₹)0.140.461.55
YoY (latest quarter): total income +31.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹30,868 cr
Shareholder equity
₹1,780 cr
parent shareholders
Borrowings
₹2,753 cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹-1,830 cr
Investing
₹170 cr
Financing
₹707 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 Limited₹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 Limitedthis company₹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
₹0.7
ex 7 Aug 2024
ActionDetailEx-date
Dividend₹0.7 / share7 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
63.3%
FII / Foreign
0.3%
DII / Domestic
3.8%
Retail / others
32.6%
Promoter stake down 0.1% over the last 12 quarters.
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 · 14 Aug 2026
See the official result
1
To receive, consider and adopt the Standalone Audited Financial Statements of the Bank for the Financial year ended 31st March, 2026, together with the schedules and annexures thereto, reports of the Board of Director’s and the Auditor’s thereon.
Backed by 100% of shareholders other than promotersneeded 50%
6.27 cr votes for, 679 against · 0% of mutual funds and other big investors said no
2
To re-appoint Shri. George Ittan Maramkandathil (DIN: 11193648), Non – Executive Director who retires by rotation this year, and being eligible, offered himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
6.44 cr votes for, 2.16 L against · 0% of mutual funds and other big investors said no
3
To appoint M/s. Rodi Dabir & Co, Chartered Accountants (Firm Registration Number: 108846W), as one of the Joint Statutory Auditors of the Bank to hold office for a period of Three (3) consecutive financial years, who shall hold office from the conclusion of the 10th Annual General Meeting until the conclusion of the 13th Annual General Meeting of the Bank and to authorize the Board of Directors of the Bank to fix their remuneration.
Backed by 100% of shareholders other than promotersneeded 50%
6.46 cr votes for, 1,057 against · 0% of mutual funds and other big investors said no
4
Appointment of Shri. Hari Velloor ( DIN : 11650530) as Non – Executive Director of the Bank.
Backed by 100% of shareholders other than promotersneeded 50%
6.44 cr votes for, 2.15 L 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.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 63.2% between them · as of 2026-06-30
Esaf Financial Holdings Private Limited52.82%
Paul Thomas6.04%
Esaf Swasraya Multistate Agro Cooperative Society Limited4.34%
Beena George0.01%
Bosco Joseph0.01%
Mereena Paul0.01%
Abhishek Joe Paulno shares
Achamma Thomasno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

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