UTKARSHBNKFinancial Services

Utkarsh Small Finance Bank Limited

Other Bank · ISIN INE735W01017 · BSE 543942 · NSE EQ · FV ₹10
Last price
₹14
+1.66%today
What this company does

Utkarsh Small Finance Bank Limited operates in Other Bank, part of the Financial Services sector. It booked ₹884 cr of revenue in its latest quarter (Q1 FY27) and kept -3.8% of sales as profit. It is the 5th largest of 9 Other Bank companies we track, by market value.

Statutory Reports Financial Statements 2 The Bank responded with speed around a priority to ‘Reimagine, Redefi ne, Rise’. 3 The Bank deepened its commitment to business process re-engineering, process automation, new product introduction, and superior customer service. 4 The Bank protected its fundamentals during the last fi nancial year.
In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% 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)
42

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Cash quality99

Whether reported profit actually arrives as cash · highest in its sector on what we could measure

Valuation74

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
Some things to watch
Strengths
Promoters hold 43%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -3.8% net margin
! Low -4.9% return on equity
! Carries high debt (D/E 1.0)

What if I invest in UTKARSHBNK?

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 We do not publish price targets or predict returns.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
₹14 +1.66%
latest close · 2026-09-17
52-wk low ₹1442 sessions so far52-wk high ₹16
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/B ratio0.90Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-4.9%Loss
WeakFairStrong ▸15%
Net margin-3.8%Loss
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.02High
LowModerateHigh ▸1
More figures
Market cap
₹2,500 cr
Book value
₹16
EPS
₹-0.19
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
-0.5%
Earnings yield
P/S
0.71
Sales / share
₹19.9
Tax rate
Face value
₹10
Shares
178.0 cr
Working capital
Current assets
Current liabilities
Delivery %
44.4%
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 ₹1₹1, midpoint ₹1

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₹884 cr
Other Income₹119 cr
Total Income₹1,002 cr
Interest Expended₹461 cr
Employee Cost₹241 cr
Other Operating Expenses₹237 cr
Total Expenditure₹939 cr
Operating Profit before Provisions₹64 cr
Provisions & Contingencies₹109 cr
Profit before Tax₹-45 cr
Tax Expense₹-11 cr
Net Profit₹-34 cr
Net margin on total income-3.4%
Where the money goes

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

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue821 cr837 cr884 cr
Total income902 cr952 cr1,002 cr
Expenses
Profit before tax-491 cr-232 cr-45 cr
Tax-116 cr-44 cr-11 cr
Net profit (owners' share)-375 cr-188 cr-34 cr
Net margin (owners' share, on revenue)-45.7%-22.5%-3.8%
EPS (₹)-2.46-1.06-0.19
YoY (latest quarter): total income -1.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹28,869 cr
Shareholder equity
₹2,776 cr
parent shareholders
Borrowings
₹2,829 cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹2,575 cr
Investing
₹-1,782 cr
Financing
₹-397 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 Limited₹520₹5,479 cr8.8
Utkarsh Small Finance Bank Limitedthis company₹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
₹0.5
ex 12 Jul 2024
ActionDetailEx-date
Rights issue13:814 Oct 2025
Dividend₹0.5 / share12 Jul 2024
Who owns it · 2026-06-30
No pledge
Promoter
42.7%
FII / Foreign
11.9%
DII / Domestic
9.6%
Retail / others
35.9%
Promoter stake down 26.5% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE520 Apr 26
short · NSE1,50016 Mar 26
short · NSE1,0001 Feb 26
Stake changes
SoldMirae Asset Mutual fund→ 0.40% · 44.80 L6 Jun 25
SoldMirae Asset Mutual fund→ 2.53% · 1.80 cr5 May 25
BoughtMirae Assete Mutual Fund→ 5.14% · 21.78 L12 Jul 24
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.

Court Convened Meeting · 28 Mar 2026
See the official result
1
Approval of Scheme of Amalgamation between Utkarsh Coreinvest Limited into and with Utkarsh Small Finance Bank Limited and their respective Shareholders.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
19.37 cr votes for, 30,112 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 — 1 named members
owning 42.7% between them · as of 2026-06-30
UTKARSH COREINVEST LIMITED42.67%

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.

₹949 cr raised in Nov 2025 by offering new shares to existing shareholders

As of Dec 2025, the company says it has spent 100% of what it set aside.

Augmenting Tier I capital base to meet its future capital requirements
100%
₹949 cr of ₹949 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.