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 | 979 | 1,038 | 1,112 | 1,167 | 1,166 | 1,177 | 1,184 | 1,241 | 1,305 | 1,374 | 1,445 | 1,515 |
| Interest | 453 | 490 | 520 | 557 | 572 | 585 | 602 | 655 | 686 | 709 | 709 | 732 |
| Expenses | 566 | 553 | 604 | 639 | 681 | 665 | 696 | 750 | 791 | 899 | 861 | 854 |
| Financing Profit | -41 | -5 | -13 | -29 | -87 | -72 | -114 | -164 | -172 | -235 | -126 | -72 |
| Financing Margin % | -4% | -0% | -1% | -2% | -7% | -6% | -10% | -13% | -13% | -17% | -9% | -5% |
| Other Income | 164 | 140 | 179 | 189 | 176 | 177 | 234 | 266 | 247 | 245 | 266 | 227 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 123 | 135 | 166 | 160 | 88 | 105 | 120 | 102 | 75 | 10 | 140 | 155 |
| Tax % | 0% | 0% | -93% | -7% | -9% | -5% | -3% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 123 | 135 | 322 | 171 | 97 | 111 | 123 | 102 | 75 | 10 | 140 | 155 |
| EPS in Rs | 24.22 | 26.54 | 30.76 | 16.31 | 9.25 | 10.56 | 11.75 | 9.69 | 7.13 | 0.92 | 13.28 | 14.74 |
| Gross NPA % | 2.44% | 2.19% | 2.11% | 2.62% | 2.97% | 2.80% | 2.71% | 2.91% | 2.87% | 2.59% | 2.46% | 2.39% |
| Net NPA % | 0.87% | 0.71% | 0.56% | 0.99% | 0.99% | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% | 0.92% | 0.91% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,555 | 1,251 | 1,992 | 2,498 | 2,727 | 3,075 | 4,014 | 4,671 | 5,353 | 5,637 |
| Interest | 1,164 | 814 | 980 | 1,235 | 1,337 | 1,415 | 1,886 | 2,317 | 2,760 | 2,837 |
| Expenses | 2,844 | 2,399 | 1,322 | 1,331 | 1,627 | 1,960 | 2,222 | 2,596 | 3,213 | 3,406 |
| Financing Profit | -2,453 | -1,963 | -311 | -68 | -238 | -300 | -94 | -242 | -620 | -605 |
| Financing Margin % | -158% | -157% | -16% | -3% | -9% | -10% | -2% | -5% | -12% | -11% |
| Other Income | 42 | 113 | 433 | 235 | 324 | 625 | 670 | 776 | 1,022 | 985 |
| Depreciation | 0 | 99 | 93 | 83 | 81 | 69 | 62 | 61 | 75 | 0 |
| Profit before tax | -2,411 | -1,949 | 30 | 84 | 5 | 256 | 514 | 474 | 326 | 380 |
| Tax % | 4% | 0% | 0% | 0% | 0% | 0% | -30% | -6% | 0% | |
| Net Profit | -2,504 | -1,949 | 30 | 84 | 5 | 256 | 670 | 501 | 326 | 380 |
| EPS in Rs | -637.29 | -413.32 | 5.94 | 16.62 | 1.07 | 50.46 | 64.02 | 47.73 | 30.99 | 36.07 |
| Dividend Payout % | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | 20% | 18% | ||
| Compounded Profit Growth | % | 29% | 8% | -12% | ||
| Stock Price CAGR | % | % | % | 11% | ||
| Return on Equity | % | 14% | 14% | 8% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 47 | 51 | 51 | 51 | 55 | 105 | 105 | 105 |
| Reserves | 1,490 | 476 | 843 | 926 | 999 | 1,472 | 3,473 | 4,013 | 4,365 |
| Deposits | 0 | 4,199 | 9,652 | 12,386 | 13,540 | 16,334 | 22,571 | 29,120 | 35,784 |
| Borrowing | 7,662 | 4,236 | 3,049 | 4,965 | 4,660 | 6,547 | 5,211 | 3,867 | 5,497 |
| Other Liabilities | 558 | 487 | 550 | 763 | 938 | 1,235 | 1,350 | 1,362 | 1,696 |
| Total Liabilities | 9,749 | 9,446 | 14,145 | 19,091 | 20,189 | 25,644 | 32,710 | 38,467 | 47,448 |
| Fixed Assets | 385 | 332 | 259 | 211 | 170 | 123 | 139 | 150 | 191 |
| CWIP | 0 | 2 | 1 | 1 | 1 | 5 | 3 | 3 | 8 |
| Investments | 1,997 | 1,468 | 2,650 | 4,698 | 5,065 | 5,221 | 6,738 | 5,945 | 9,812 |
| Other Assets | 7,367 | 7,644 | 11,234 | 14,181 | 14,952 | 20,295 | 25,831 | 32,369 | 37,437 |
| Total Assets | 9,749 | 9,446 | 14,145 | 19,091 | 20,189 | 25,644 | 32,710 | 38,467 | 47,448 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2,771 | 949 | 615 | 859 | -1,137 | 708 | 4,073 | 594 | |
| Cash from Investing Activity | -231 | -285 | -1,266 | -1,330 | -434 | -780 | -321 | -4,133 | |
| Cash from Financing Activity | -2,489 | -852 | 1,917 | -240 | 2,104 | 33 | -1,331 | 1,641 | |
| Net Cash Flow | 51 | -188 | 1,266 | -711 | 532 | -39 | 2,421 | -1,898 | |
| Free Cash Flow | 2,717 | 928 | 573 | 818 | -1,163 | 631 | 4,001 | 472 | |
| CFO/OP | -241% | 140% | 53% | 78% | -101% | 40% | 197% | 28% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | -164% | -189% | 5% | 10% | 1% | 20% | 26% | 13% | 8% |
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 22.54% | 22.54% | 22.38% | 22.35% | 22.28% | 21.88% | 21.87% | 21.86% | 21.85% | 16.94% |
| FIIs | 1.15% | 1.02% | 1.09% | 0.51% | 0.89% | 0.28% | 1.21% | 4.11% | 4.31% | 4.01% |
| DIIs | 17.70% | 17.73% | 17.99% | 18.47% | 15.89% | 16.03% | 14.81% | 12.92% | 14.29% | 15.31% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.98% | 1.98% | 1.03% |
| Public | 58.62% | 58.71% | 58.53% | 58.67% | 60.94% | 61.81% | 62.12% | 59.14% | 57.57% | 62.69% |
| No. of Shareholders | 72,042 | 49,178 | 51,033 | 52,297 | 52,412 | 53,351 | 51,129 | 51,546 | 50,785 | 49,932 |
Fundamentals
Market Cap₹ 5,329 Cr.
Current Price₹ 504
Stock P/E14.0
Book Value₹ 424
ROCE7.45 %
ROE7.60 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)-12%
Standalone figures.
Valuation
Market capRs 5,068 Cr
Enterprise valueRs 35,238 Cr
P/E (TTM)13.35x
Price to book1.23x
Price to sales0.90x
EV / EBITDA10.75x
EV / EBIT10.96x
EV / sales6.25x
Price to cash flow1.24x
Earnings yield7.49%
P/E, 3-year average7.46x
P/B, 3-year average1.12x
P/E, 5-year average7.46x
P/B, 5-year average1.12x
Profitability
Operating margin (excl. other income)44.42%
Operating margin (incl. other income)61.03%
EBITDA margin58.13%
Pre-tax margin6.74%
Net profit margin6.74%
Net margin, latest quarter10.25%
ROE13.03%
ROCE8.15%
ROA1.41%
ROE, 3-year average19.71%
ROCE, 3-year average8.14%
ROA, 3-year average1.61%
ROE, 5-year average13.73%
ROCE, 5-year average7.96%
ROA, 5-year average1.07%
ROIC (approx.)9.93%
Tax rate-5.86%
Other income / net worth18.84%
Growth
Sales growth (latest year)16.38%
Profit growth (latest year)-25.11%
Sales CAGR, 3 years19.66%
Sales CAGR, 5 years18.59%
Profit CAGR, 3 years352.55%
Profit CAGR, 5 years75.49%
Sales growth QoQ4.84%
Profit growth QoQ11.02%
Sales growth YoY (latest quarter)22.08%
Profit growth YoY (latest quarter)52.29%
Per share
EPS (TTM)Rs 36.15
EPS (latest year)Rs 47.73
EPS (latest quarter)Rs 14.78
EPS, 3-year averageRs 52.77
EPS, 5-year averageRs 35.19
Book value per shareRs 392.01
Sales per shareRs 536.61
Cash flow per shareRs 387.72
Free cash flow per shareRs 44.93
Efficiency
Asset turnover0.12x
Fixed asset turnover31.15x
Leverage
Total debtRs 32,987 Cr
Cash and bankRs 2,816 Cr
Net debtRs 30,171 Cr
Debt to equity8.01x
Net debt / EBITDA9.21x
Interest coverage1.13x
Owners' fund to total sources10.71%
Debt to assets85.75%
Cash flow
Cash from Operating Activity (latest year)Rs 4,073 Cr
Cash from Investing Activity (latest year)Rs -321 Cr
Cash from Financing Activity (latest year)Rs -1,331 Cr
Net Cash Flow (latest year)Rs 2,421 Cr
Free cash flow (latest year)Rs 472 Cr
FCFE (approx.: FCF + change in debt)Rs 5,676 Cr
Cash from ops / profit, 5 years2.90x
Sales to cash flow1.15x
Statement figures
Net sales (TTM)Rs 5,637 Cr
Net sales (latest year)Rs 4,671 Cr
Sales (latest quarter)Rs 1,515 Cr
Operating profit excl. other income (latest year)Rs 2,075 Cr
Operating profit (latest quarter)Rs 660 Cr
Other income (TTM)Rs 985 Cr
EBITDA (TTM)Rs 3,277 Cr
PBDT (TTM)Rs 440 Cr
Profit before tax (TTM)Rs 380 Cr
Tax (latest year)Rs -28 Cr
Net profit (TTM)Rs 380 Cr
Net profit (latest year)Rs 501 Cr
Net profit (latest quarter)Rs 155 Cr
Depreciation (TTM)Rs 61 Cr
Interest (TTM)Rs 2,837 Cr
Cost of goods sold (latest year)Rs 39 Cr
Total expenditure (latest year)Rs 2,596 Cr
Total income (latest year)Rs 5,447 Cr
Share capitalRs 105 Cr
ReservesRs 4,013 Cr
Shareholders' fundsRs 4,118 Cr
Total assetsRs 38,467 Cr
Net blockRs 150 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 5,945 Cr
Other liabilitiesRs 1,362 Cr
Shares outstanding (crore)10.51
Ownership
Promoter holding16.94% (-4.94 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.3 is at the 48th percentile of its own 2.4-year range
(median 13.3, low 6.1, high 27.5).
P/B 1.23 is at the 12th percentile (median 1.50).
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 | JSFB | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.7% | -2.8% | -4.9 pts |
| 1 month | -8.9% | -6.8% | -2.2 pts |
| 3 months | +2.8% | -7.6% | +10.4 pts |
| 6 months | +33.9% | +0.4% | +33.5 pts |
| 1 year | +3.6% | -9.9% | +13.5 pts |
| 2 years | -17.7% | -13.6% | -4.2 pts |
11 mutual fund schemes hold about ₹134 Cr.
Over three months 6 bought more and 3 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Kotak Special Opportunities Fund | 2.42% | 41 | +30% |
| Kotak Balanced Advantage Fund | 0.16% | 29 | +100% |
| JM Small Cap Fund | 2.37% | 22 | -9% |
| JM Value Fund | 2.70% | 22 | -16% |
| JM Mid Cap Fund | 0.87% | 12 | -11% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.34% | 9 | +4% |
| Groww Nifty Total Market Index Fund | 0.02% | 0 | +11% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +12% |
| Mirae Asset Nifty Total Market Index Fund | 0.02% | 0 | +11% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +4% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +12% |
Red flags
F-score 4 of 8| explain | Share dilution Share count up 0% in a year, 107% in three |
| explain | Low interest cover Interest cover 1.2x in 2026 |
| look | Profit leans on other income Other income was 164% 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 ₹1,515 Cr +22.1% vs Jun 2025.
Net profit ₹155 Cr +52.0%.
Against our estimate for Jun 2026: sales +2.3%, profit +49.8% beat. Our estimate for Sep 2026: sales Rs 1,593 Cr, profit Rs 123 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 % |
| Equitas Small Finance Bank Ltd | 7,674 | 15.0 | 6.43 % |
| 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 |
|---|---|---|
| 2024-06-11 | Annual General Meeting |
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 Jana Small Finance Bank Ltd?
Jana Small Finance Bank Ltd (JSFB) has a market capitalisation of Rs 5,329 Cr. at the 2026-10-01 close.
What is the P/E ratio of Jana Small Finance Bank Ltd?
Jana Small Finance Bank Ltd trades at a P/E of 14.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Jana Small Finance Bank Ltd's latest quarterly results?
In the Jun 2026 quarter, Jana Small Finance Bank Ltd revenue was Rs 1,515 Cr (+22.1% vs Jun 2025) and net profit was Rs 155 Cr.
What is the 52-week high and low of Jana Small Finance Bank Ltd?
The 52-week high is Rs 606.95 and the 52-week low is Rs 330.00.