Equitas Small Finance Bank
- Market cap
- ₹ 7,552 Cr.
- P/E
- 14.6x
- P/B
- 1.24x
- 52-week range
- 51.25 – 83.9
- ROE
- 2%
- Dividend yield
- 0%
- Debt / equity
- 1.03
- Sector
- Banks
- Industry
- Other Bank
- Listed on
- NSE, BSE
About
Equitas Small Finance Bank Limited (The Bank) is a Small Finance Bank. The Bank offers banking products and services to customer segments including individuals with limited access to formal financing channels, as well as affluent and mass affluent, Small & Medium Enterprises (SMEs) and corporates. The Company operates through three segments: Treasury, Wholesale Banking and Retail Banking businesses. The treasury segment includes all investment portfolios, Profit/ Loss on sale of investments, priority sector lending certificates (PSLC) fees, Profit/Loss on foreign exchange transactions, equities, income from derivatives and money market operations. Corporate / Wholesale Banking includes all advances to trusts, partnership firms, companies and statutory bodies. Retail Banking includes lending to and deposits from retail customers and identifying earnings and expenses of the segment. Along with these services, it provides consumer banking, commercial banking services, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Bank: 9 companies →Equitas Small Finance Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)14.6 against a typical 14.6: in line than most peers (1st = cheapest).5th of 9
- Sales growth+18.9% against a typical +22.6% from a year earlier.6th of 9
- Share price, 3 months−10.7% against a typical −16.9%.2nd of 9
- Size₹ 7,552.2 Cr. market value against a typical ₹ 2,133.4 Cr. (1st = largest).3rd of 9
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA- | Stable | 9 Oct 2026 |
| India Ratings | IND AA- | Stable | 8 Sep 2026 |
| CRISIL | — | — | 19 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Oct 2026 | Reaffirmed | CARE AA- | — | CARE | ₹ 3,850 Cr. | |
| 8 Sep 2026 | New rating | CARE AA- | — | CARE | ₹ 500 Cr. | |
| 8 Sep 2026 | New rating | IND AA- | — | India Ratings | ₹ 500 Cr. | |
| 19 Jun 2026 | Reaffirmed | — | — | CRISIL | ₹ 100 Cr. | |
| 9 Dec 2025 | Reaffirmed | IND AA- | — | India Ratings | ₹ 3,500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 16 Sep 2026 | Fund Raising | Equitas Small Finance Bank Limited has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled on 16/09/2026, inter alia, to consider and approve raising of capital through issuance of unsecured, subordinated, transferable, redeemable, fully paid-up lower Tier II bonds in the form of non-convertible debentures on a private placement basis. |
| 28 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended June 30, 2026 |
| 24 Jun 2026 | Fund Raising | Inter-alia to consider Fund Raising |
| 30 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 31 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,359 | 1,429 | 1,445 | 1,501 | 1,555 | 1,612 | 1,644 | 1,649 | 1,617 | 1,692 | 1,836 | 1,960 |
| Interest | 593 | 644 | 659 | 699 | 753 | 794 | 815 | 863 | 844 | 840 | 856 | 931 |
| Expenses | 680 | 715 | 758 | 974 | 1,021 | 967 | 1,002 | 1,375 | 969 | 1,027 | 965 | 1,041 |
| Financing Profit | 86 | 70 | 28 | −173 | −219 | −149 | −172 | −589 | −195 | −176 | 15 | −11 |
| Financing Margin % | 6% | 5% | 2% | −12% | −14% | −9% | −10% | −36% | −12% | −10% | 1% | −1% |
| Other Income | 181 | 205 | 240 | 209 | 239 | 238 | 225 | 292 | 229 | 289 | 263 | 255 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 267 | 276 | 268 | 36 | 20 | 90 | 53 | −297 | 34 | 114 | 278 | 244 |
| Tax % | 26% | 27% | 23% | 28% | 36% | 26% | 21% | −25% | 28% | 21% | 24% | 25% |
| Net Profit | 198 | 202 | 208 | 26 | 13 | 66 | 42 | −224 | 24 | 90 | 213 | 184 |
| EPS in Rs | 1.77 | 1.79 | 1.83 | 0.23 | 0.11 | 0.58 | 0.37 | −1.96 | 0.21 | 0.79 | 1.86 | 1.61 |
| Gross NPA % | 2.3% | 2.5% | 2.6% | 2.7% | 3% | 3% | 2.9% | 2.9% | 2.9% | 2.8% | 2.6% | 2.4% |
| Net NPA % | 1% | 1.1% | 1.2% | 0.8% | 1% | 1% | 1% | 1% | 1% | 0.9% | 0.7% | 0.7% |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 32%
- 5 Years
- 16%
- 3 Years
- 18%
- TTM
- 10%
- 10 Years
- 2%
- 5 Years
- −23%
- 3 Years
- −44%
- TTM
- 598%
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 7%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Equitas Small Finance Bank | ₹ 65.33 | ₹ 7,552 Cr. | 14.6x | 1.2x | 2% | — |
| HDFC Bank | ₹ 692.10 | ₹ 10,66,990 Cr. | 16.5x | 2.2x | 13.7% | 25.6% |
| ICICI Bank | ₹ 1,395.00 | ₹ 10,01,336 Cr. | 19.3x | 2.9x | 16% | 25.9% |
| State Bank of India | ₹ 957.00 | ₹ 8,83,384 Cr. | 11.8x | 1.6x | 15.4% | 21.4% |
| Kotak Mahindra Bank | ₹ 430.10 | ₹ 4,27,849 Cr. | 20.2x | 2.1x | 11.4% | 24.5% |
| Union Bank of India | ₹ 178.50 | ₹ 1,36,260 Cr. | 6.6x | 1x | 15.8% | 33.2% |
Management
- Vasudevan Pathangi Narasimhan
- Chief Executive Officer, Managing Director, Executive Director
- Natarajan Ramanathan
- Compliance Officer, Company Secretary
- Balaji Nuthalapadi
- Executive Director - Technology and Operations
Prices are delayed and for information only. Nothing on this page is investment advice.