MarketFriction

Suryoday Small Finance Bank Ltd

NSE SURYODAY · BSE 543279 · Other Bank
₹143.55 -1.11%
NSE close2026-10-01
52 week range115.41 - 218.00
Market cap₹1,538 Cr.
P/E8.02
IPO 2021 · -53% since Price band 20% Delivery 58.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue375411445488507488471495520544602622
Interest154165174195207220226248261267285307
Expenses205221255271287270352309299310341362
Financing Profit1624152313-2-107-62-41-33-25-46
Financing Margin %4%6%3%5%2%-0%-23%-12%-8%-6%-4%-7%
Other Income52526570474060109808190148
Depreciation000000000000
Profit before tax687680936038-4747394866102
Tax %26%25%24%24%25%12%-28%25%23%24%24%26%
Net Profit505761704533-343530375075
EPS in Rs4.745.395.736.594.273.13-3.183.322.863.444.687.07
Gross NPA %2.90%3.06%2.94%2.84%3.03%5.53%7.16%8.46%5.93%6.69%6.55%6.60%
Net NPA %1.46%1.42%0.86%0.47%0.80%3.13%4.58%5.64%3.80%4.35%4.21%1.27%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue1992442875307677769421,1841,5891,9542,1602,287
Interest951151231902763663574376268481,0621,120
Expenses761141812594144607867008431,1241,1911,312
Financing Profit2815-188177-49-20147120-18-93-144
Financing Margin %14%6%-6%15%10%-6%-21%4%8%-1%-4%-6%
Other Income111386787769497219217360399
Depreciation1256101519435156680
Profit before tax27241614315412-127101288144200255
Tax %0%37%36%37%28%2%-27%23%25%20%24%
Net Profit2715109011112-9378216115152192
EPS in Rs7.162.361.5011.0812.841.12-8.767.3220.3410.8214.3018.05
Dividend Payout %0%0%0%0%0%0%0%0%0%0%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth27%23%22%17%
Compounded Profit Growth19%66%25%139%
Stock Price CAGR%-4%-4%8%
Return on Equity6%5%9%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333864688287106106106106106106
Reserves991594374727999801,4911,3991,4791,6991,8211,972
Deposits229451,5932,8493,2563,8545,1677,77710,58013,994
Borrowing5949561,0225231,1241,2651,6672,5512,7652,4432,7103,122
Other Liabilities313960156163185193270344352397689
Total Liabilities7571,1931,6042,1643,7615,3656,7128,1809,86112,37815,61419,884
Fixed Assets2261318303566163152156293
CWIP0021188491171355
Investments105943116648081,8742,0582,5702,5993,1373,693
Other Assets7541,1901,0021,8393,0784,5184,7956,0077,1279,61012,18715,893
Total Assets7571,1931,6042,1643,7615,3656,7128,1809,86112,37815,61419,884
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-545526-876-347-989351,320652
Cash from Investing Activity-14-167-280-158-266-263-1,059-792
Cash from Financing Activity655210915885213-322268412
Net Cash Flow97569-241381-150349529273
Free Cash Flow-556496-896-438-1908791,143577
CFO/OP-177%169%-267%-212%-20%127%166%73%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %15%17%4%2%13%11%1%-6%5%13%6%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters22.40%22.40%22.40%22.39%22.30%22.29%22.43%22.43%22.43%22.43%22.48%22.48%
FIIs2.16%2.91%2.90%3.02%3.50%4.80%4.67%4.68%4.67%4.97%5.23%5.35%
DIIs18.38%17.01%14.04%12.64%8.01%5.89%5.66%5.93%6.62%6.11%5.72%5.47%
Public57.05%57.68%60.66%61.95%66.19%67.01%67.22%66.95%66.28%66.48%66.58%66.70%
No. of Shareholders94,84894,23596,2761,03,3561,08,3011,10,1971,08,7341,04,9271,02,09899,13895,02689,688

Fundamentals

Market Cap₹ 1,538 Cr.
Current Price₹ 145
Stock P/E8.02
Book Value₹ 196
ROCE7.33 %
ROE7.58 %
Dividend Yield1.04 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)139%
Standalone figures.
Valuation
Market capRs 1,526 Cr
Enterprise valueRs 16,928 Cr
P/E (TTM)7.95x
Price to book0.73x
Price to sales0.67x
EV / EBITDA11.74x
EV / EBIT12.31x
EV / sales7.40x
Price to cash flow2.34x
Earnings yield12.58%
Dividend yield1.04%
P/E, 3-year average8.50x
P/B, 3-year average0.70x
P/E, 5-year average9.63x
P/B, 5-year average0.67x
Profitability
Operating margin (excl. other income)44.85%
Operating margin (incl. other income)61.50%
EBITDA margin63.05%
Pre-tax margin11.13%
Net profit margin8.39%
Net margin, latest quarter12.08%
ROE7.59%
ROCE7.33%
ROA0.86%
ROE, 3-year average8.83%
ROCE, 3-year average7.70%
ROA, 3-year average1.21%
ROE, 5-year average5.10%
ROCE, 5-year average6.49%
ROA, 5-year average0.65%
ROIC (approx.)5.99%
Tax rate23.85%
Other income / net worth17.31%
Growth
Sales growth (latest year)10.57%
Profit growth (latest year)32.19%
Sales CAGR, 3 years22.21%
Sales CAGR, 5 years22.72%
Profit CAGR, 3 years25.06%
Profit CAGR, 5 years66.55%
Sales growth QoQ3.45%
Profit growth QoQ51.21%
Sales growth YoY (latest quarter)25.69%
Profit growth YoY (latest quarter)113.10%
Per share
EPS (TTM)Rs 18.05
EPS (latest year)Rs 14.30
EPS (latest quarter)Rs 7.07
EPS, 3-year averageRs 15.15
EPS, 5-year averageRs 8.80
Book value per shareRs 195.53
Sales per shareRs 215.21
Cash flow per shareRs 61.37
Free cash flow per shareRs 54.29
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout10.49%
Dividend payout, 3-year average10.49%
Dividend payout, 5-year average10.49%
Efficiency
Asset turnover0.11x
Fixed asset turnover7.37x
Leverage
Total debtRs 17,116 Cr
Cash and bankRs 1,714 Cr
Net debtRs 15,403 Cr
Debt to equity8.24x
Net debt / EBITDA10.68x
Interest coverage1.23x
Owners' fund to total sources10.45%
Debt to assets86.08%
Cash flow
Cash from Operating Activity (latest year)Rs 652 Cr
Cash from Investing Activity (latest year)Rs -792 Cr
Cash from Financing Activity (latest year)Rs 412 Cr
Net Cash Flow (latest year)Rs 273 Cr
Free cash flow (latest year)Rs 577 Cr
FCFE (approx.: FCF + change in debt)Rs 4,404 Cr
Cash from ops / profit, 5 years5.26x
Sales to cash flow3.31x
Statement figures
Net sales (TTM)Rs 2,287 Cr
Net sales (latest year)Rs 2,160 Cr
Sales (latest quarter)Rs 622 Cr
Operating profit excl. other income (latest year)Rs 969 Cr
Operating profit (latest quarter)Rs 261 Cr
Other income (TTM)Rs 399 Cr
EBITDA (TTM)Rs 1,442 Cr
PBDT (TTM)Rs 322 Cr
Profit before tax (TTM)Rs 255 Cr
Tax (latest year)Rs 48 Cr
Net profit (TTM)Rs 192 Cr
Net profit (latest year)Rs 152 Cr
Net profit (latest quarter)Rs 75 Cr
Depreciation (TTM)Rs 68 Cr
Interest (TTM)Rs 1,120 Cr
Cost of goods sold (latest year)Rs 115 Cr
Total expenditure (latest year)Rs 1,191 Cr
Total income (latest year)Rs 2,520 Cr
Share capitalRs 106 Cr
ReservesRs 1,972 Cr
Shareholders' fundsRs 2,078 Cr
Total assetsRs 19,884 Cr
Net blockRs 293 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 3,693 Cr
Other liabilitiesRs 689 Cr
Shares outstanding (crore)10.63
Ownership
Promoter holding22.48% (+0.05 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.0 is at the 12th percentile of its own 4.7-year range (median 21.4, low 5.1, high 198.4).
P/B 0.73 is at the 22th percentile (median 0.84).
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.
PeriodSURYODAYNifty 50Difference
1 week-1.2%-2.8% +1.5 pts
1 month-5.0%-6.8% +1.8 pts
3 months-21.2%-7.6% -13.6 pts
6 months+20.9%+0.4% +20.4 pts
1 year+7.5%-9.9% +17.4 pts
2 years-24.4%-13.6% -10.8 pts
3 years-11.9%+14.2% -26.0 pts
5 years-20.2%+27.9% -48.1 pts
2 mutual fund schemes hold about ₹26 Cr. Over three months 1 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.07%25 -7%
Axis Aggressive Hybrid Fund(M0.05%1 +11%

Red flags

F-score 6 of 8
explainLow interest cover Interest cover 1.2x in 2026
lookProfit leans on other income Other income was 180% 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 2026
Revenue ₹622 Cr +25.7% vs Jun 2025. Net profit ₹75 Cr +114.3%.
Against our estimate for Jun 2026: sales +5.0%, profit +82.6% beat. Our estimate for Sep 2026: sales Rs 659 Cr, profit Rs 50 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 1.50 Per Share
2024-09-05Annual General Meeting
2023-09-07Annual General Meeting
2022-08-18Annual General Meeting
2021-09-13 Annual General Meeting
DateTypeWhat it says
2026-10-01Change in ManagementChange in Management
2026-09-29Concall / analyst meetInvestor Meet Outcome
2026-09-26ResignationResignation of Director/KMP/SMP
2026-09-26Change in ManagementIntimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Cha...
2026-09-22Concall / analyst meetInvestor Meet Intimation
2026-09-21Board meeting outcomeOutcome of Board Meeting held on September 21, 2026.
2026-09-21ESOPGrant of 246026 Options.
2026-09-10ESOPGrant of 159672 Options.
2026-08-13ESOPIntimation regarding the allotment of Equity Shares of the Bank pursuant to exercise of Stock Options under Suryoday ESOP Scheme 2019.
2026-08-09ResignationResignation of Director/KMP/SMP
2026-08-09Change in ManagementIntimation regarding retirement of Mr. John Arunkumar Diaz (DIN: 00493304), as an Independent Director of the Bank and resignation of Mr. Krishna Kant...
2026-08-07Shareholder meetingSubmission of Results of e-voting (i.e., Remote e-voting as well as e-voting during the AGM/Insta-poll) on the Resolutions set out in the Notice conve...
2026-08-06Shareholder meetingProceedings of Annual General Meeting held on August 06, 2026
2026-08-06Shareholder meetingVoting results.
2026-07-30Trading Plan under PITTrading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-07-29Concall / analyst meetTranscript
2026-07-24Concall / analyst meetLink of Recording
2026-07-23Investor PresentationInvestor Presentation
2026-07-23Press ReleasePress Release on the Unaudited Financial Results of the Bank for the Quarter (Q-1) ended June 30, 2026.
2026-07-23Board meeting outcomeOutcome of the meeting of the Board of Directors of the Bank held on July 23, 2026 - Approval of the Unaudited Financial Results of the Bank for the ...
2026-07-15Concall / analyst meetSchedule of meet
2026-07-14General UpdatesSubmission of Business Responsibility and Sustainability Report for the Financial Year 2025- 26
2026-07-14Shareholder meetingNotice of Eighteenth (18th) Annual General Meeting along with Annual Report for the Financial Year 2025-26
2026-07-03General UpdatesCommunication to the Shareholders of the Bank - Intimation of Tax Deduction on Dividend
2026-07-03General UpdatesDisclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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 Suryoday Small Finance Bank Ltd?

Suryoday Small Finance Bank Ltd (SURYODAY) has a market capitalisation of Rs 1,538 Cr. at the 2026-10-01 close.

What is the P/E ratio of Suryoday Small Finance Bank Ltd?

Suryoday Small Finance Bank Ltd trades at a P/E of 8.02 on trailing twelve-month profit, at the 2026-10-01 close.

What were Suryoday Small Finance Bank Ltd's latest quarterly results?

In the Jun 2026 quarter, Suryoday Small Finance Bank Ltd revenue was Rs 622 Cr (+25.7% vs Jun 2025) and net profit was Rs 75 Cr.

What is the 52-week high and low of Suryoday Small Finance Bank Ltd?

The 52-week high is Rs 218.00 and the 52-week low is Rs 115.41.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03