Price
Financials
Standalone, Rs crore| 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 % | 2.27% | 2.53% | 2.61% | 2.73% | 2.95% | 2.97% | 2.89% | 2.92% | 2.92% | 2.75% | 2.60% | 2.42% |
| Net NPA % | 0.97% | 1.13% | 1.17% | 0.83% | 0.97% | 0.96% | 0.98% | 0.98% | 0.98% | 0.92% | 0.72% | 0.71% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 408 | 981 | 1,543 | 2,112 | 2,645 | 3,194 | 3,460 | 4,162 | 5,486 | 6,312 | 6,794 | 7,106 |
| Interest | 159 | 460 | 684 | 964 | 1,150 | 1,396 | 1,421 | 1,617 | 2,407 | 3,060 | 3,403 | 3,471 |
| Expenses | 230 | 561 | 964 | 1,015 | 1,304 | 1,628 | 2,123 | 2,361 | 2,681 | 3,816 | 4,170 | 4,002 |
| Financing Profit | 19 | -40 | -105 | 133 | 191 | 170 | -84 | 184 | 399 | -564 | -779 | -367 |
| Financing Margin % | 5% | -4% | -7% | 6% | 7% | 5% | -2% | 4% | 7% | -9% | -11% | -5% |
| Other Income | 71 | 233 | 241 | 283 | 282 | 418 | 538 | 670 | 799 | 911 | 1,074 | 1,037 |
| Depreciation | 5 | 32 | 88 | 92 | 96 | 76 | 75 | 85 | 134 | 148 | 167 | 0 |
| Profit before tax | 85 | 161 | 49 | 324 | 377 | 511 | 378 | 769 | 1,063 | 199 | 128 | 670 |
| Tax % | 0% | 36% | 34% | 35% | 35% | 25% | 26% | 25% | 25% | 26% | 20% | |
| Net Profit | 85 | 104 | 32 | 211 | 244 | 384 | 281 | 574 | 799 | 147 | 103 | 510 |
| EPS in Rs | 2.01 | 1.04 | 0.32 | 2.09 | 2.31 | 3.37 | 2.24 | 5.16 | 7.04 | 1.29 | 0.90 | 4.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 19% | 14% | 78% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 32% | 16% | 18% | 10% | ||
| Compounded Profit Growth | 2% | -23% | -44% | 598% | ||
| Stock Price CAGR | % | 2% | -9% | 17% | ||
| Return on Equity | 8% | 7% | 6% | 2% |
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 61 | 423 | 1,006 | 1,006 | 1,006 | 1,053 | 1,139 | 1,252 | 1,111 | 1,135 | 1,140 | 1,141 |
| Reserves | -13 | 288 | 1,006 | 1,038 | 1,248 | 1,691 | 2,257 | 2,994 | 4,047 | 4,834 | 4,933 | 4,984 |
| Deposits | 0 | 1,921 | 5,604 | 9,007 | 10,788 | 16,392 | 18,951 | 25,348 | 36,129 | 43,102 | 46,533 | |
| Borrowing | 44 | 1,638 | 4,779 | 5,177 | 3,973 | 5,135 | 4,165 | 2,616 | 2,974 | 1,788 | 2,137 | 5,773 |
| Other Liabilities | 14 | 65 | 533 | 485 | 529 | 628 | 755 | 1,134 | 1,478 | 1,418 | 1,524 | 2,180 |
| Total Liabilities | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,948 | 34,958 | 45,304 | 52,836 | 60,610 |
| Fixed Assets | 4 | 11 | 274 | 280 | 236 | 210 | 184 | 189 | 338 | 537 | 531 | 527 |
| CWIP | 0 | 0 | 15 | 1 | 2 | 2 | 1 | 11 | 41 | 68 | 165 | 189 |
| Investments | 0 | 0 | 1,890 | 3,857 | 2,344 | 2,343 | 3,705 | 4,450 | 6,665 | 9,065 | 9,289 | 10,149 |
| Other Assets | 102 | 2,403 | 7,066 | 9,172 | 13,181 | 16,740 | 20,818 | 22,297 | 27,914 | 35,634 | 42,851 | 49,746 |
| Total Assets | 105 | 2,414 | 9,245 | 13,310 | 15,763 | 19,296 | 24,708 | 26,948 | 34,958 | 45,304 | 52,836 | 60,610 |
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -101 | -336 | 1,334 | 213 | 1,799 | 440 | 2,044 | 159 | -998 | 3,834 | 1,937 | -3,316 |
| Cash from Investing Activity | -3 | -9 | -405 | -11 | -7 | -72 | -43 | -89 | 49 | -360 | -239 | -185 |
| Cash from Financing Activity | 108 | 168 | -563 | -28 | -1,706 | 908 | -1,154 | -1,317 | 60 | -1,210 | 259 | 3,641 |
| Net Cash Flow | 4 | -177 | 366 | 173 | 86 | 1,276 | 847 | -1,246 | -888 | 2,264 | 1,957 | 140 |
| Free Cash Flow | -106 | -344 | 1,041 | 133 | 1,751 | 367 | 1,995 | 68 | -1,261 | 3,474 | 1,698 | -3,501 |
| CFO/OP | 912% | -161% | 341% | 42% | 177% | 43% | 140% | 24% | -45% | 147% | 84% | -123% |
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | -49% | 12% | 8% | 2% | 10% | 10% | 13% | 7% | 12% | 14% | 2% | 2% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FIIs | 18.16% | 19.61% | 19.50% | 19.65% | 16.91% | 15.42% | 16.47% | 16.30% | 15.67% | 14.62% | 14.74% | 15.70% |
| DIIs | 43.93% | 45.64% | 45.21% | 45.42% | 43.66% | 42.62% | 42.70% | 47.13% | 48.20% | 49.96% | 50.87% | 51.25% |
| Public | 37.91% | 34.74% | 35.28% | 34.93% | 39.42% | 41.96% | 40.82% | 36.57% | 36.13% | 35.42% | 34.38% | 33.04% |
| No. of Shareholders | 3,62,751 | 3,61,709 | 3,72,304 | 3,81,682 | 4,44,544 | 4,57,362 | 4,48,261 | 4,33,820 | 4,18,050 | 4,05,850 | 3,85,971 | 3,69,493 |
Fundamentals
Market Cap₹ 7,674 Cr.
Current Price₹ 67.1
Stock P/E15.0
Book Value₹ 53.7
ROCE6.43 %
ROE1.68 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)598%
Standalone figures.
Valuation
Market capRs 7,806 Cr
Enterprise valueRs 54,548 Cr
P/E (TTM)15.29x
Price to book1.27x
Price to sales1.10x
EV / EBITDA12.67x
EV / EBIT13.17x
EV / sales7.68x
Earnings yield6.54%
P/E, 3-year average37.68x
P/B, 3-year average1.25x
P/E, 5-year average29.76x
P/B, 5-year average1.34x
Profitability
Operating margin (excl. other income)38.62%
Operating margin (incl. other income)54.42%
EBITDA margin60.61%
Pre-tax margin9.42%
Net profit margin7.18%
Net margin, latest quarter9.37%
ROE1.69%
ROCE6.44%
ROA0.18%
ROE, 3-year average6.16%
ROCE, 3-year average7.42%
ROA, 3-year average0.82%
ROE, 5-year average7.61%
ROCE, 5-year average7.51%
ROA, 5-year average1.08%
ROIC (approx.)6.30%
Tax rate19.55%
Other income / net worth17.53%
Growth
Sales growth (latest year)7.64%
Profit growth (latest year)-29.90%
Sales CAGR, 3 years17.75%
Sales CAGR, 5 years16.29%
Profit CAGR, 3 years-43.57%
Profit CAGR, 5 years-23.14%
Sales growth QoQ6.76%
Profit growth QoQ-13.67%
Sales growth YoY (latest quarter)18.89%
Per share
EPS (TTM)Rs 4.47
EPS (latest year)Rs 0.90
EPS (latest quarter)Rs 1.61
EPS, 3-year averageRs 3.08
EPS, 5-year averageRs 3.33
Book value per shareRs 53.68
Sales per shareRs 62.27
Cash flow per shareRs -29.06
Free cash flow per shareRs -30.68
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 3-year average45.86%
Dividend payout, 5-year average37.03%
Efficiency
Asset turnover0.11x
Fixed asset turnover12.90x
Leverage
Total debtRs 52,306 Cr
Cash and bankRs 5,563 Cr
Net debtRs 46,742 Cr
Debt to equity8.54x
Net debt / EBITDA10.85x
Interest coverage1.19x
Owners' fund to total sources10.11%
Debt to assets86.30%
Cash flow
Cash from Operating Activity (latest year)Rs -3,316 Cr
Cash from Investing Activity (latest year)Rs -185 Cr
Cash from Financing Activity (latest year)Rs 3,641 Cr
Net Cash Flow (latest year)Rs 140 Cr
Free cash flow (latest year)Rs -3,501 Cr
FCFE (approx.: FCF + change in debt)Rs 3,565 Cr
Cash from ops / profit, 5 years0.85x
Statement figures
Net sales (TTM)Rs 7,106 Cr
Net sales (latest year)Rs 6,794 Cr
Sales (latest quarter)Rs 1,960 Cr
Operating profit excl. other income (latest year)Rs 2,624 Cr
Operating profit (latest quarter)Rs 920 Cr
Other income (TTM)Rs 1,037 Cr
EBITDA (TTM)Rs 4,307 Cr
PBDT (TTM)Rs 836 Cr
Profit before tax (TTM)Rs 670 Cr
Tax (latest year)Rs 25 Cr
Net profit (TTM)Rs 510 Cr
Net profit (latest year)Rs 103 Cr
Net profit (latest quarter)Rs 184 Cr
Depreciation (TTM)Rs 167 Cr
Interest (TTM)Rs 3,471 Cr
Cost of goods sold (latest year)Rs 44 Cr
Total expenditure (latest year)Rs 4,170 Cr
Total income (latest year)Rs 7,868 Cr
Share capitalRs 1,141 Cr
ReservesRs 4,984 Cr
Shareholders' fundsRs 6,125 Cr
Total assetsRs 60,610 Cr
Net blockRs 527 Cr
Capital work in progressRs 189 Cr
InvestmentsRs 10,149 Cr
Other liabilitiesRs 2,180 Cr
Shares outstanding (crore)114.10
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.3 is at the 16th percentile of its own 5.2-year range
(median 18.5, low 8.9, high 83.5).
P/B 1.27 is at the 25th percentile (median 1.54).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | EQUITASBNK | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.6% | -2.8% | +0.2 pts |
| 1 month | -6.8% | -6.8% | -0.0 pts |
| 3 months | -10.3% | -7.6% | -2.7 pts |
| 6 months | +32.2% | +0.4% | +31.8 pts |
| 1 year | +19.6% | -9.9% | +29.5 pts |
| 2 years | -16.4% | -13.6% | -2.8 pts |
| 3 years | -23.7% | +14.2% | -37.9 pts |
| 5 years | +11.1% | +27.9% | -16.8 pts |
65 mutual fund schemes hold about ₹4,156 Cr.
Over three months 39 bought more and 10 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Small Cap Fund | 1.21% | 505 | +6% |
| Mirae Asset ELSS Tax Saver Fund | 1.75% | 461 | +18% |
| Franklin India Small Cap Fund | 2.41% | 356 | +6% |
| SBI Contra Fund | 0.52% | 245 | +9% |
| Axis Small Cap Fund | 0.63% | 198 | +6% |
| Canara Rob Small Cap Fund | 1.21% | 177 | -10% |
| Franklin India Mid Cap Fund | 1.34% | 174 | +5% |
| Nippon India Banking & Financial Services Fund | 2.02% | 159 | +8% |
| SBI ELSS Tax Saver Fund | 0.49% | 155 | -1% |
| Mirae Asset Focused Fund | 1.88% | 127 | +84% |
| Mirae Asset Focused Fund | 1.88% | 124 | +84% |
| Edelweiss Small Cap Fund | 1.56% | 113 | -1% |
| Nippon India Small Cap Fund | 0.12% | 102 | +4% |
| Mirae Asset Small Cap Fund | 1.41% | 80 | +26% |
| HDFC Banking & Financial Services Fund | 1.65% | 78 | +7% |
| Mahindra Manulife Mid Cap Fund | 1.37% | 74 | -5% |
| HDFC Value Fund | 0.90% | 74 | +0% |
| Nippon India Value Fund | 0.81% | 73 | +8% |
| Mirae Asset Multicap Fund | 1.20% | 68 | +16% |
| ICICI Pru Multi Cap Fund | 0.33% | 65 | +2% |
| ICICI Pru Multi Cap Fund | 0.33% | 62 | +2% |
| Sundaram Small Cap Fund | 1.28% | 53 | +3% |
| JM Flexi Cap Fund | 0.96% | 50 | +11% |
| Mirae Asset Banking and Financial Services Fund | 2.01% | 47 | +48% |
| HDFC Children's Fund(Lock in) | 0.44% | 47 | +8% |
Red flags
F-score 2 of 8| explain | Low interest cover Interest cover 1.0x in 2026 |
| look | Profit leans on other income Other income was 838% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Revenue ₹1,960 Cr +18.9% vs Jun 2025.
Net profit ₹184 Cr +182.1%.
Against our estimate for Jun 2026: sales +9.7%, profit +202.8% beat. Our estimate for Sep 2026: sales Rs 1,864 Cr, profit Rs 137 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| AU Small Finance Bank Ltd | 75,448 | 26.4 | 7.66 % |
| Ujjivan Small Finance Bank Ltd | 12,716 | 14.0 | 7.73 % |
| Jana Small Finance Bank Ltd | 5,329 | 14.0 | 7.45 % |
| Utkarsh Small Finance Bank Ltd | 2,472 | 1.46 % | |
| ESAF Small Finance Bank Ltd | 2,292 | 5.65 % | |
| Suryoday Small Finance Bank Ltd | 1,538 | 8.02 | 7.33 % |
| Capital Small Finance Bank Ltd | 1,273 | 8.45 | 7.07 % |
| Fino Payments Bank Ltd | 1,077 | 44.0 | 4.41 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-08-09 | Dividend - Rs 1 Per Share | |
| 2023-07-28 | Dividend - Rs 1 Per Share | |
| 2021-08-04 | Annual General Meeting |
| Date | Type | What it says |
|---|---|---|
| 2026-10-02 | General Updates | Business Update for the quarter ended September 30, 2026 |
| 2026-09-30 | Updates | S regarding Phased Shifting and Operational Commencement at new corporate office . |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Equitas Small Finance Bank Ltd?
Equitas Small Finance Bank Ltd (EQUITASBNK) has a market capitalisation of Rs 7,674 Cr. at the 2026-10-01 close.
What is the P/E ratio of Equitas Small Finance Bank Ltd?
Equitas Small Finance Bank Ltd trades at a P/E of 15.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Equitas Small Finance Bank Ltd's latest quarterly results?
In the Jun 2026 quarter, Equitas Small Finance Bank Ltd revenue was Rs 1,960 Cr (+18.9% vs Jun 2025) and net profit was Rs 184 Cr.
What is the 52-week high and low of Equitas Small Finance Bank Ltd?
The 52-week high is Rs 83.90 and the 52-week low is Rs 51.25.