Equitas Small Finance Bank Limited
₹53.42-₹3.57 (-6.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹7,758 Cr
- Revenue
- ₹6,312 Cr
- ROCE
- -1.1%
Price chart
Technical chartScreen technicals →-10.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -22.5%
- 3M
- -26.5%
- 6M
- -20.1%
- 1Y
- -10.0%
- 5Y
- -18.3%
52-week range
Day change -₹3.57 (-6.3%) from ₹57 to ₹53 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in EQUITASBNK, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 15.7%
Concerns1
- Low return on equity of 2.4%
Rule-based from financial data. Not advice.
About the company
Equitas Small Finance Bank Limited provides various banking products and services to individuals and corporates, and micro, small, and medium enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments.
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Equitas Small Finance Bank Limited provides various banking products and services to individuals and corporates, and micro, small, and medium enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers fixed and term deposit products, and savings and current accounts, as well as trust, association, society, and club accounts. It also provides various loans, such as small business loans; vehicle financing, including used and new commercial vehicles and passenger cars; microfinance and microloans; affordable housing finance; MSE and NBFC finance; gold and staff loans; credit cards; and personal loans. In addition, the company offers lockers; forex services; life insurance products, including traditional, term, and ULIP; general insurance products, such as motor, fire, PA, and Sachet; health insurance products, including SAHI plans; mutual funds; FASTag; and the three-in-one account, comprising bank, demat, and trading. It serves children and senior citizens, non-resident Indians (NRIs), and farmers through banking outlets, offices, and ATMs. The company was formerly known as Equitas Finance Limited. Equitas Small Finance Bank Limited was incorporated in 1993 and is based in Chennai, India.
- Sector
- Financial Services
- Shares outstanding
- 114 Cr shares
- ISIN
- INE063P01018
- BSE code
- 543243
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹7,758 Cr
- P/B
- 1.3x
- 52-week high
- ₹83.06
- 52-week low
- ₹51.67
Profitability
- ROE
- 2.4%
- ROCE
- -1.1%
- Dividend payout
- 14.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 75.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹6,312 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹799 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 19.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -81.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,834 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -484.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,957 Cr
Solvency and efficiency
- CFO / Net profit
- 4.80
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Revenue | ₹6,312 Cr |
| Interest paid | ₹3,060 Cr |
| Expenses | ₹3,816 Cr |
| Financing profit | -₹564 Cr |
| Other income | ₹911 Cr |
| Depreciation | ₹148 Cr |
| Profit before tax | ₹199 Cr |
| Tax and other | ₹52 Cr |
| Net profit | ₹147 Cr |
Revenue and net profit
Revenue grew 15.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,194 Cr | ₹384 Cr |
| FY2022 | ₹3,460 Cr | ₹281 Cr |
| FY2023 | ₹4,162 Cr | ₹574 Cr |
| FY2024 | ₹5,486 Cr | ₹799 Cr |
| FY2025 | ₹6,312 Cr | ₹147 Cr |
Cash flows
FY2025: ₹1,937 Cr from operations, ₹1,698 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹2,044 Cr | ₹2,001 Cr |
| FY2022 | ₹159 Cr | ₹70 Cr |
| FY2023 | -₹998 Cr | -₹949 Cr |
| FY2024 | ₹3,834 Cr | ₹3,474 Cr |
| FY2025 | ₹1,937 Cr | ₹1,698 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹6,312 Cr+15.1%1Y
- Net profit
- ₹147 Cr-81.6%1Y
- Cash from operations
- ₹1,937 Cr-49.5%1Y
- Free cash flow
- ₹1,698 Cr-51.1%1Y
- Revenue CAGR, 5Y
- 15.7%
- EBITDA CAGR, 5Y
- 23.2%
- Net profit CAGR, 5Y
- 26.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹6,312 Cr | -₹564 Cr | — | ₹147 Cr | ₹1,937 Cr | ₹1,698 Cr | — | +15.1% | -81.6% |
Monthly returns
Month-by-month returns of EQUITASBNK across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹52,836 Cr |
| Equity capital | ₹1,140 Cr |
| Reserves | ₹4,933 Cr |
| Deposits | ₹43,107 Cr |
| Borrowings | ₹2,137 Cr |
| Other liabilities | ₹1,519 Cr |
| Assets | ₹52,836 Cr |
| Fixed assets | ₹531 Cr |
| Capital work in progress | ₹165 Cr |
| Investments | ₹9,289 Cr |
| Other assets | ₹42,851 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
EQUITASBNK has no positive P/E; the peer median is 26.9x.
Not shown (no positive earnings and no EV / Sales): Equitas Small Finance Bank Limited, Religare Enterprises Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Equitas Small Finance Bank LimitedEQUITASBNKthis company | ₹7,758 Cr | — | 1.3x | 2.4% | — |
| Kama Holdings LimitedKAMAHOLD | ₹9,133 Cr | 81.5x | 10.7x | 12.4% | 28.6x |
| CSB Bank LimitedCSBBANK | ₹8,994 Cr | 14.5x | 1.9x | 13.2% | — |
| Tamilnad Mercantile Bank LimitedTMB | ₹8,974 Cr | 7.4x | 1.0x | 13.1% | — |
| LLOYDS ENTERPRISES LIMITEDLLOYDSENT | ₹8,577 Cr | 33.9x | 1.8x | 0.3% | 93.3x |
| India Shelter Finance Corporation LimitedINDIASHLTR | ₹8,514 Cr | 19.1x | 2.9x | 13.9% | — |
| Religare Enterprises LtdRELIGARE | ₹8,089 Cr | — | 3.3x | -1.8% | -200.1x |
| Bengal & Assam Company LimitedBENGALASM | ₹7,453 Cr | 60.9x | 6.2x | 9.9% | 50.7x |
| Karnataka Bank Ltd.KTKBANK | ₹7,044 Cr | 6.1x | 0.6x | 10.5% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
EQUITASBNK since 1 January, against earlier years.
Historical volatility
EQUITASBNK's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 5.0% |
| FY2022 | -2.0% |
| FY2023 | 4.0% |
| FY2024 | 7.0% |
| FY2025 | -9.0% |
| Line | FY2025 |
|---|---|
| Revenue | ₹6,312 Cr |
| Costs | |
| Interest | ₹3,060 Cr |
| Expenses | ₹3,816 Cr |
| Financing profitFinancing Profit | -₹564 Cr |
| Financing marginFinancing Margin % | -9.0% |
| Other income and charges | |
| Profit before tax | ₹199 Cr |
| Tax | |
| Net profitNet Profit | ₹147 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹52,836 Cr |
| Equity capitalEquity Capital | ₹1,140 Cr |
| Reserves | ₹4,933 Cr |
| Deposits | ₹43,107 Cr |
| BorrowingsBorrowing | ₹2,137 Cr |
| Other liabilitiesOther Liabilities | ₹1,519 Cr |
| AssetsTotal Assets | ₹52,836 Cr |
| Fixed assetsFixed Assets | ₹531 Cr |
| Capital work in progressCWIP | ₹165 Cr |
| Investments | ₹9,289 Cr |
| Other assetsOther Assets | ₹42,851 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,937 Cr |
| Investing cash flowCash from Investing Activity | -₹239 Cr |
| Financing cash flowCash from Financing Activity | ₹259 Cr |
| Change in cashNet Cash Flow | ₹1,957 Cr |
Learn while you research
Academy chapters picked for Equitas Small Finance Bank Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read