AI Summary
✦ ClarthaEquitas Small Finance Bank is an Indian banking company serving individuals, corporates, and MSMEs. Retail Banking drives deposits and lending through savings accounts, fixed deposits, vehicle finance, microfinance, affordable housing, and personal loans. Corporate/Wholesale Banking adds MSE, NBFC, and corporate credit, while Treasury supports balance-sheet management. With no major recent development, revenue growth remained modest at 7.2%, and no clear catalyst supports near-term margin expansion. Profit declined 29.9% despite stable margins, indicating weaker earnings conversion rather than reported margin pressure. ROE is unavailable, while debt/equity of 94.25 signals heavy leverage that can amplify ROE volatility and constrain financial flexibility. At 16.9x earnings, valuation appears fair against current growth, not discounted. The key open question is whether credit costs or funding pressure can improve without sacrificing loan growth.
Valuation Metrics
Trading 7.2% above historical median. Valuation is stable — currently in the undervalued zone (z-score: -0.01). Confidence: 79%.
Live forward EPS implies next-12-month EPS of ₹9.04. Applying the stock's normalized valuation corridor produces a fair range of ₹128.10 to ₹184.33, with base value near ₹142.29 (+88.5% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹9.04
Forward P/E
8.3x
Base Fair Value
₹142.29
Fair Range
₹128.10 - ₹184.33
Upside To Base
+88.5%
Estimate Source
Live forward EPS
5Y Average
1.21
Current
1.41
Overvalued
1.39
Undervalued
1.03
5Y Average
15.32
Current
16.87
Overvalued
20.39
Undervalued
14.17
5Y Average
1.67
Current
1.85
Overvalued
1.92
Undervalued
1.42
Peers & Comparison
Sector: Financials · Theme: Private Banks
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
UJJIVAN SMALL FINANC BANK UJJIVANSFBPrivate Banks | +49.6% | 19.6% | 15.2x Premium | +41% vs avg | +63.8% |
JANA SMALL FIN BANK LTD JSFBPrivate Banks | +25.1% | 12.9% | 15.0x Premium | +39% vs avg | +19.2% |
CITY UNION BANK LTD CUBPrivate Banks | +23.3% | 37.8% | 15.0x Premium | +39% vs avg | +35.2% |
J & K BANK LTD. J&KBANKPrivate Banks | — | 34.2% | 7.4x Undervalued | -31% vs avg | +52.4% |
TAMILNAD MERCA BANK LTD TMBPrivate Banks | +18.3% | 41.2% | 9.8x Fair | -9% vs avg | +104.3% |
THE SOUTH INDIAN BANK LTD SOUTHBANKPrivate Banks | +8.6% | 29.4% | 8.0x Undervalued | -26% vs avg | +59.9% |
DCB BANK LIMITED DCBBANKPrivate Banks | +17.4% | 25.3% | 7.7x Undervalued | -29% vs avg | +54.4% |
CSB BANK LIMITED CSBBANKPrivate Banks | +16.9% | 24.1% | 8.5x Undervalued | -21% vs avg | -26.8% |
EQUITAS SMALL FIN BNK LTD trades at a premium (16.9x vs peer avg 10.8x), implying higher growth or quality expectations from the Private Banks cohort. Peers include UJJIVAN SMALL FINANC BANK, JANA SMALL FIN BANK LTD, CITY UNION BANK LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹1.96K CrJun 2026Latest net profit
₹184 CrJun 2026Free cash flow
₹-3.50K CrMar 2026Net Profit
₹184 CrProfit conversionPerformance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | 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 + | 1,254 | 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 | 511 | 593 | 644 | 659 | 699 | 753 | 794 | 815 | 863 | 844 | 840 | 856 | 931 |
| Expenses + | 662 | 680 | 715 | 758 | 974 | 1,021 | 967 | 1,002 | 1,375 | 969 | 1,027 | 965 | 1,041 |
| Financing Profit | 81 | 86 | 70 | 28 | -173 | -219 | -149 | -172 | -589 | -195 | -176 | 15 | -11 |
| Financing Margin % | 6% | 6% | 5% | 2% | -12% | -14% | -9% | -10% | -36% | -12% | -10% | 1% | -1% |
| Other Income + | 171 | 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 | 0 |
| Profit before tax | 252 | 267 | 276 | 268 | 36 | 20 | 90 | 53 | -297 | 34 | 114 | 278 | 244 |
| Tax % | 24% | 26% | 27% | 23% | 28% | 36% | 26% | 21% | -25% | 28% | 21% | 24% | 25% |
| Net Profit + | 191 | 198 | 202 | 208 | 26 | 13 | 66 | 42 | -224 | 24 | 90 | 213 | 184 |
| EPS in Rs | 1.72 | 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 % | 2.75% | 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 % | 1.18% | 0.97% | 1.13% | 1.17% | 0.83% | 0.97% | 0.96% | 0.98% | 0.98% | 0.98% | 0.92% | 0.72% | 0.71% |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Investor Conferences To Be Attended By The Representatives Of Equitas Small Finance Bank Limited
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome