JSFBFinancial Services

Jana Small Finance Bank Limited

Other Bank · ISIN INE953L01027 · BSE 544118 · NSE EQ · FV ₹10
Last price
₹520
+2.66%today
What this company does

Jana Small Finance Bank Limited operates in Other Bank, part of the Financial Services sector. It booked ₹1,515 cr of revenue in its latest quarter (Q1 FY27) and kept 10.2% of sales as profit. It is the 4th largest of 9 Other Bank companies we track, by market value.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 95–250 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)
44

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Cash quality91

Whether reported profit actually arrives as cash

Valuation49

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

Governance & risk72

How much of the promoters' stake is pledged, and how much they hold

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 21% vs last year
Profit up 52% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Carries high debt (D/E 1.2)

What if I invest in JSFB?

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 We do not publish price targets or predict returns.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
₹520 +2.66%
latest close · 2026-09-17
52-wk low ₹47742 sessions so far52-wk high ₹607
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 ratio8.8Low
LowAverageHigh
P/B ratio1.23Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.9%Fair
WeakFairStrong ▸15%
Net margin10.2%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.23High
LowModerateHigh ▸1
More figures
Market cap
₹5,479 cr
Book value
₹424
EPS
₹14.74
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.3%
Earnings yield
11.34%
P/S
0.90
Sales / share
₹575.1
Tax rate
0.0%
Face value
₹10
Shares
10.5 cr
Working capital
Current assets
Current liabilities
Delivery %
45.9%
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
Looks overpricedMedium confidence
Median of 2 models ₹394 vs market price ₹520 — price is 32% above it
Safety cushion-32.1%(target ≥ +20%)
Models span ₹371₹417, midpoint ₹394
Model ₹394
Price ₹520
Cheap sideExpensive side

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₹1,515 cr
Other Income₹227 cr
Total Income₹1,741 cr
Interest Expended₹732 cr
Employee Cost₹415 cr
Other Operating Expenses₹261 cr
Total Expenditure₹1,408 cr
Operating Profit before Provisions₹333 cr
Provisions & Contingencies₹178 cr
Profit before Tax₹155 cr
Tax Expense₹0 cr
Net Profit₹155 cr
Net margin on total income8.9%
Where the money goes

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

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,384 cr1,445 cr1,515 cr
Total income1,629 cr1,710 cr1,741 cr
Expenses
Profit before tax10 cr140 cr155 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)10 cr140 cr155 cr
Net margin (owners' share, on revenue)0.7%9.7%10.2%
EPS (₹)0.9213.2814.74
YoY (latest quarter): total income +14.9% · net profit +52.3%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹47,448 cr
Shareholder equity
₹4,470 cr
parent shareholders
Borrowings
₹5,497 cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹843 cr
Investing
₹-2,572 cr
Financing
₹-48 cr
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 Limitedthis company₹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.
Who owns it · 2026-06-30
No pledge
Promoter
16.9%
FII / Foreign
4.0%
DII / Domestic
16.4%
Retail / others
62.7%
Promoter stake down 5.6% over the last 11 quarters.
Smart-money activity
Insider trades
SoldNishi Kanwal · Immediate relative2.00 L · ₹11.5 cr12 Sep 24
SoldJANA HOLDINGS LIMITED · Promoters1.66 L · ₹10.0 cr29 Aug 24
Bulk / block deals
short · NSE3624 Jul 26
short · NSE115 Jul 26
SoldQRG INVESTMENTS AND HOLDINGS LIMITED · NSE10.77 L @ ₹488.313 Jul 26
Stake changes
SoldTVS Motors Company Limited→ 16.94% · 51.61 L22 May 26
SoldAmansa Holdings Private Ltd FDI AC→ 3.82% · 4.01 L6 Jan 26
SoldJana Holdings Ltd · promoter→ 22.00% · 1.86 L9 Jun 25
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.

Postal ballot · 23 Nov 2025
See the official result
1
Appointment of Mr. Rakesh Joshi (DIN: 09766853) as a Non-Executive Independent Director of the Bank
Backed by 100% of shareholders other than promotersneeded 75%
3.35 cr votes for, 65,048 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 — 3 named members
owning 16.9% between them · as of 2026-06-30
JANA HOLDINGS LIMITED16.94%
JANA CAPITAL LIMITEDno shares
JANA URBAN FOUNDATIONno 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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹103 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside.

Objects of the Preferential Issue The capital infusion will be utilized by the Bank for augmentation of its Tier-1 capital. The Bank is raising funds to support its business objectives, including, without limitation, for augmenting Tier-1 capital, meeting working capital and general corporate requirements, pursuing organic and inorganic growth opportunities, undertaking acquisitions, strategic investments, joint ventures or partnerships, refinancing existing obligations, strengthening its balance sheet, and for any other purposes that the Board may, in its discretion, determine to be in the best interests of the Bank, subject to applicable laws. 25% (twenty-five) of the proceeds of the Preferential Issue will be received by the Bank at the time of the Preferential Issue of the Warrants. The remaining proceeds shall be received by the Bank once the Warrants are exercised by the Proposed Allottees, in one or more tranches, which shall not be later than 18 (eighteen) months from the date of allotment of Warrants in terms of Chapter V of the SEBI ICDR Regulations and as estimated by our management, the entire proceeds received from the Preferential Issue would be utilized, subject to compliance with applicable laws, for the above mentioned Objects, in phases, as per the Bank’s business requirements and availability of issue proceeds. If the proceeds are not utilised (in full or in part) for the Objects stated above, the remaining proceeds shall be utilised in such manner as may be determined by the Board in accordance with applicable laws. Interim Use of Proceeds: The Bank, in accordance with the policies formulated by our Board from time to time, will have flexibility to deploy the net proceeds of the Preferential Issue. Pending complete utilization for the Objects described above, the Bank intends to, inter alia, invest the net proceeds as permitted under applicable laws.
100%
₹103 cr of ₹103 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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