SWOT Analysis
- S
- W
- O
- T
-
Strength (5)
Stocks with MACD Crossover Above
-
Weakness (10)
This identifies stocks which have low interest coverage, with interest payments that are high compared to their earnings. This indicates that these companies may have trouble meeting their interest payments. Stocks with an interest coverage ratio of 1.5 or below are considered in the danger zone.
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Opportunity (1)
FII / FPI or Institutions increasing their shareholding
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Threats (0)
- MACD Crossover Above Signal Line
- Increasing Revenue every quarter for the past 3 quarters
- Book Value per share Improving for last 2 years
- Companies with Zero Promoter Pledge
- Decrease in NPA in recent results
- FII / FPI or Institutions increasing their shareholding
Technical Analysis
Moving Averages
- 5 Day 73.1
- 10 Day 73.1
- 12 Day 73.2
- 20 Day 73.6
- 26 Day 73.8
- 50 Day 74.3
- 100 Day 73.0
- 200 Day 70.1
Current Price
- Bullish Moving Averages 12
- Bearish Moving Averages 4
Resistance and support
- First Resistance 75.4
- Second Resistance 76.6
- Third Resistance 78.4
- First Support 72.4
- Second Support 70.6
- Third Support 69.3
Company Financials
- Profit and loss statement
- Balance sheet
- Quarterly Result
- Ratio
- CAGR IN 10 YEARS
- 23.13%
- 4.80%
- -0.11%
Mar 2026 (CR) |
Mar 2025 (CR) |
Mar 2024 (CR) |
Mar 2023 (CR) |
Mar 2022 (CR) |
||
|---|---|---|---|---|---|---|
| NII | 3,391.17 | 3,251.62 | 3,079.76 | 2,544.73 | 2,038.54 |
|
| Total Income | 4,464.72 | 4,163.11 | 3,878.43 | 3,214.32 | 2,576.10 |
|
| Pre Provision Profit (PPP) | 1,264.97 | 1,334.27 | 1,377.36 | 1,176.01 | 871.95 |
|
| PPP as % of Advances | 2.96 | 3.68 | 4.45 | 4.56 | 4.50 |
|
| Provision Expense | 1,136.84 | 1,135.42 | 314.23 | 407.20 | 493.84 |
|
| PAT | 103.08 | 147.05 | 798.96 | 573.59 | 280.73 |
|
| EPS | 0.90 | 1.29 | 7.04 | 5.16 | 2.24 |
|
- CAGR IN 10 YEARS
- 13.17%
- 25.09%
- 42.49%
Mar 2026 (CR) |
Mar 2025 (CR) |
Mar 2024 (CR) |
Mar 2023 (CR) |
Mar 2022 (CR) |
||
|---|---|---|---|---|---|---|
| Equity | 1,141.04 | 1,139.86 | 1,134.89 | 1,110.56 | 1,252.03 |
|
| Networth | 6,124.83 | 6,072.52 | 5,968.70 | 5,157.95 | 4,246.17 |
|
| Deposits | 46,533.09 | 43,102.31 | 36,129.20 | 25,348.48 | 18,950.80 |
|
| Borrowing | 5,772.55 | 2,136.99 | 1,787.53 | 2,973.76 | 2,616.40 |
|
| Advances | 42,751.29 | 36,208.89 | 30,964.30 | 25,798.56 | 19,374.21 |
|
| Investment | 10,148.83 | 9,288.69 | 9,065.27 | 6,664.56 | 4,449.85 |
|
| Total Assets | 58,430.47 | 51,311.82 | 43,885.43 | 33,480.19 | 25,813.37 |
|
Jun 2026 (CR) |
Mar 2026 (CR) |
Dec 2025 (CR) |
Sep 2025 (CR) |
Jun 2025 (CR) |
||
|---|---|---|---|---|---|---|
| NII | 1,029.59 | 980.12 | 851.63 | 773.68 | 785.74 |
|
| Total Income | 1,284.69 | 1,243.58 | 1,141.08 | 1,002.63 | 1,077.43 |
|
| PPP | 404.73 | 402.46 | 307.18 | 240.56 | 314.77 |
|
| PPP as % of advances | 0.85 | 0.87 | 0.71 | 0.61 | 0.84 |
|
| Provision Expense | 160.66 | 124.11 | 193.45 | 207.02 | 612.25 |
|
| PAT | 183.61 | 212.68 | 90.03 | 24.14 | -223.76 |
|
| Advances | 47,641.00 | 46,165.00 | 43,268.00 | 39,123.00 | 37,610.00 |
|
| Deposits | 48,976.00 | 46,533.00 | 43,668.00 | 44,094.00 | 44,345.00 |
|
| GNPA | 1,100.39 | 1,134.89 | 1,116.09 | 1,081.87 | 1,035.99 |
|
| NNPA | 318.94 | 306.08 | 367.15 | 357.82 | 341.59 |
|
- CAGR IN 10 YEARS
- 13.17%
- 25.09%
- 20.85%
Mar 2026 (CR) |
Mar 2025 (CR) |
Mar 2024 (CR) |
Mar 2023 (CR) |
Mar 2022 (CR) |
||
|---|---|---|---|---|---|---|
| PE | 57.20 | 42.63 | 13.13 | 12.99 | 22.81 |
|
| P/BV | 0.96 | 1.03 | 1.76 | 1.44 | 1.51 |
|
| NIM | 6.57 | 7.24 | 8.20 | 8.67 | 8.27 |
|
| GNPA | 2.60 | 2.89 | 2.61 | 2.76 | 4.24 |
|
| NNPA | 0.72 | 0.98 | 1.17 | 1.21 | 2.47 |
|
| ROE | 0.00 | 2.44 | 14.36 | 12.20 | 7.35 |
|
| ROA | 1.90 | 1.84 | 1.96 | 1.82 | 1.07 |
|
| CRAR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
|
Quick Results Snapshot
Q1FY27 Quarterly Result Announced for Equitas Small Finance Bank Ltd.
Equitas Small Finance Bank announced Q1FY27 results
Financial Highlights:
- Total Income: The Bank reported a total income of Rs 2,21,549.99 lakh in Q1FY27, marking an increase of 14.17% YoY from Rs 1,94,054.98 lakh in Q1FY26 and a growth of 5.51% QoQ from Rs 2,09,980.77 lakh in Q4FY26.
- Interest Earned: Interest earned for Q1FY27 stood at Rs 1,96,039.79 lakh, up 18.89% YoY compared to Rs 1,64,886.35 lakh in Q1FY26 and up 6.76% QoQ compared to Rs 1,83,634.90 lakh in Q4FY26.
- Other Income: Other income for Q1FY27 was reported at Rs 25,510.20 lakh, reflecting a decrease of 12.54% YoY from Rs 29,168.63 lakh in Q1FY26 and a decline of 3.17% QoQ from Rs 26,345.87 lakh in Q4FY26.
- Operating Profit: Operating profit before provisions and contingencies stood at Rs 40,473.33 lakh in Q1FY27, reflecting a YoY growth of 28.58% from Rs 31,476.96 lakh in Q1FY26 and a marginal increase of 0.57% QoQ from Rs 40,245.85 lakh in Q4FY26.
- Net Profit: The Bank recorded a net profit of Rs 18,360.69 lakh in Q1FY27. This represents a significant turnaround YoY from a net loss of Rs 22,376.33 lakh in Q1FY26. On a QoQ basis, the profit decreased by 13.67% from Rs 21,268.29 lakh in Q4FY26.
- Provisions (other than tax) and Contingencies: Provisions stood at Rs 16,066.03 lakh in Q1FY27, compared to Rs 61,224.95 lakh in Q1FY26 and Rs 12,410.95 lakh in Q4FY26.
- Asset Quality (NPA):
- Gross NPAs: Rs 1,10,038.62 lakh (2.42% of Gross Advances) in Q1FY27, compared to 2.92% in Q1FY26 and 2.60% in Q4FY26.
- Net NPAs: Rs 31,893.59 lakh (0.71% of Net Advances) in Q1FY27, compared to 0.98% in Q1FY26 and 0.72% in Q4FY26.
- Key Ratios:
- Capital Adequacy Ratio (Basel-II): 19.44% in Q1FY27 compared to 20.48% in Q1FY26 and 20.31% in Q4FY26.
- Return on Assets (Annualised): 0.29% for Q1FY27, compared to (0.41%) in Q1FY26 and 0.35% in Q4FY26.
- Net Worth: Rs 5,79,833.21 lakh as of Q1FY27.
Business Highlights:
- Segment Performance (Revenue):
- Retail Banking: The segment earned revenue of Rs 1,92,010.01 lakh in Q1FY27, up from Rs 1,55,791.39 lakh in Q1FY26.
- Treasury: This segment reported revenue of Rs 23,704.67 lakh in Q1FY27, down from Rs 33,503.62 lakh in Q1FY26.
- Wholesale Banking: Revenue for Q1FY27 was Rs 3,555.47 lakh, compared to Rs 1,573.50 lakh in Q1FY26.
- Other Banking Operations: Revenue stood at Rs 2,279.84 lakh in Q1FY27, against Rs 3,186.47 lakh in Q1FY26.
- Utilization of Issue Proceeds: The issue proceeds of Non-Convertible Debentures (NCDs) amounting to Rs 500 crore as of December 05, 2024, and Rs 500 crore as of July 31, 2025, have been fully utilized for the intended purposes.
- Bonus Shares Allotment: During the quarter, 24,76,96,809 equity shares were allotted to eligible holders as bonus equity shares by capitalizing the share premium. Consequently, EPS figures for previous periods have been restated.
- CCD Conversion: Up to June 30, 2026, 1,37,000 Compulsorily Convertible Debentures (CCDs) were converted into 98,74,127 equity shares.
- ESOP Allotment: The Bank allotted 26,78,746 equity shares of face value Rs 10 each during Q1FY27 pursuant to the exercise of options by employees.
- Loan Transfers: During Q1FY27, the Bank transferred loans not in default through assignment totaling Rs 52,029.73 lakh.
- Security Receipts (SR): The Gross Value of Outstanding SRs as of June 30, 2026, stood at Rs 17,521.54 lakh.
Stocks Comparison
Table
Chart
Company name |
LTP |
Market cap (Cr) |
Return (1Y %) |
Risk (Std. Dev.) |
PE Ratio |
Financial Year |
|---|---|---|---|---|---|---|
| Equitas Small Finance Bank Ltd | 74.09 | 8,476.84 | 32.68 | 0.12 | 16.50 | Mar 2026 |
| HDFC Bank Ltd | 731.00 | 1,126,960.78 | -24.37 | 0.07 | 13.62 | Mar 2026 |
| ICICI Bank Ltd | 1,338.90 | 961,076.30 | -5.66 | 0.05 | 16.06 | Mar 2026 |
| State Bank of India | 996.20 | 919,568.99 | 16.22 | 0.09 | 10.19 | Mar 2026 |
| Kotak Mahindra Bank Ltd | 412.50 | 410,340.81 | 0.60 | 0.06 | 20.24 | Mar 2026 |
| Axis Bank Ltd | 1,257.00 | 391,366.25 | 11.63 | 0.08 | 13.83 | Mar 2026 |
| Union Bank of India | 176.56 | 134,778.94 | 28.85 | 0.09 | 6.55 | Mar 2026 |
| Punjab National Bank | 117.27 | 134,777.75 | 4.73 | 0.09 | 6.09 | Mar 2026 |
| Bank of Baroda | 234.94 | 121,495.98 | -4.45 | 0.09 | 6.60 | Mar 2026 |
| Indian Bank | 839.80 | 113,118.04 | 19.33 | 0.08 | 8.90 | Mar 2026 |
| Canara Bank | 123.78 | 112,276.52 | 6.48 | 0.10 | 5.65 | Mar 2026 |
| IDBI Bank Ltd | 83.06 | 89,309.45 | -10.64 | 0.18 | 9.56 | Mar 2026 |
| Federal Bank Ltd | 332.75 | 82,273.67 | 67.24 | 0.09 | 16.99 | Mar 2026 |
| AU Small Finance Bank Ltd | 1,058.60 | 79,456.20 | 49.36 | 0.09 | 27.35 | Mar 2026 |
| IndusInd Bank Ltd | 966.30 | 75,288.75 | 30.75 | 0.10 | 56.40 | Mar 2026 |
| IDFC First Bank Ltd | 85.92 | 74,081.91 | 19.60 | 0.11 | 32.34 | Mar 2026 |
| Yes Bank Ltd | 22.72 | 71,314.21 | 7.42 | 0.10 | 19.27 | Mar 2026 |
| RBL Bank Ltd | 415.90 | 64,532.81 | 57.30 | 0.08 | 70.47 | Mar 2026 |
| Bank of Maharashtra | 83.54 | 64,255.25 | 45.77 | 0.12 | 8.37 | Mar 2026 |
| Bank of India | 140.00 | 63,737.35 | 17.02 | 0.10 | 5.41 | Mar 2026 |
| Indian Overseas Bank | 32.17 | 61,948.45 | -20.72 | 0.06 | 10.41 | Mar 2026 |
| UCO Bank | 23.75 | 29,781.45 | -22.11 | 0.11 | 10.56 | Mar 2026 |
| Central Bank of India | 31.73 | 28,720.10 | -16.10 | 0.10 | 6.29 | Mar 2026 |
| Bandhan Bank Ltd | 175.00 | 28,195.08 | 6.53 | 0.16 | 20.83 | Mar 2026 |
| City Union Bank Ltd | 235.79 | 23,361.77 | 54.60 | 0.10 | 16.65 | Mar 2026 |
| Jammu and Kashmir Bank Ltd | 146.58 | 16,141.13 | 40.87 | 0.08 | 7.01 | Mar 2026 |
| Tamilnad Mercantile Bank Ltd | 895.75 | 14,184.33 | 107.73 | 0.12 | 9.80 | Mar 2026 |
| Ujjivan Small Finance Bank Ltd | 65.02 | 12,669.41 | 42.12 | - | 13.98 | Mar 2026 |
| South Indian Bank Ltd | 46.07 | 12,067.12 | 57.34 | 0.11 | 7.98 | Mar 2026 |
| Karnataka Bank Ltd | 313.80 | 11,873.78 | 79.06 | 0.10 | 8.26 | Mar 2026 |
| DCB Bank Ltd | 218.35 | 7,034.78 | 68.84 | 0.13 | 8.91 | Mar 2026 |
| CSB Bank Ltd | 336.15 | 5,831.73 | -5.30 | - | 8.79 | Mar 2026 |
| Jana Small Finance Bank Ltd | 527.30 | 5,576.33 | 12.89 | 0.12 | 14.68 | Mar 2025 |
Corporate Action
- Announcement
- Board Meeting
- Dividend
- Split
- Rights
- Events
Board Meeting Outcome for Outcome Of Board Meeting Held On September 16 2026
Sep 16, 2026Outcome of Board meeting held on September 16 2026
Shareholder Meeting / Postal Ballot-Scrutinizers Report
Sep 11, 2026Equitas Small Finance Bank Limited has informed the Exchanges regarding the Scrutinisers report and Voting results of the 10th Annual General Meeting of the Bank
Equitas Small Finance Bank Limited - Shareholders meeting
Sep 11, 2026Outcome of 10th AGM held on September 09,2026
ESG Rating-Reg.
Sep 10, 2026Equitas Small Finance Bank Limited has informed the Exchanges regarding ESG rating
Shareholder Meeting / Postal Ballot-Outcome of AGM
Sep 09, 2026Equitas Small Finance Bank Limited has informed the Exchanges regarding the proceedings of the 10th AGM
Equitas Small Finance Bank Limited - ESOP/ESOS/ESPS
Sep 08, 2026Equitas Small Finance Bank Limited has informed the Exchange regarding Allotment of 194810 equity shares pursuant to exercise of ESOP
Announcement under Regulation 30 (LODR)-Credit Rating
Sep 08, 2026Equitas Small Finance Bank Limited has informed regarding the assignment of credit rating
Inauguration Of New Corporate Office Of Equitas Small Finance Bank Limited
Sep 07, 2026Equitas Small Finance Bank Limited has informed the Exchanges regarding the inauguration of new corporate office on September 072026
Equitas Small Finance Bank Limited - Press Release
Sep 07, 2026Equitas Small Finance Bank Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "Equitas Small Finance Bank Launches When Organisations Win , Exploring the Role of Governance, Trust and Values in Building Sustainable Organisations".
ESG Rating-Reg.
Sep 05, 2026Equitas Small Finance Bank Limited has informed the Exchanges regarding the ESG rating.
Non-Deal Roadshow To Be Attended By The Representatives Of The Bank
Aug 31, 2026Equitas Small Finance Bank Limited has informed the Exchanges regarding the Non-deal roadshow to be attended by the representatives of the Bank
| Ex-Date | Purpose | Notes |
|---|---|---|
| 2026-09-16 | Others | |
| 2026-07-28 | Quarterly Results | |
| 2026-06-24 | To consider Fund Raising | |
| 2026-04-30 | Audited Results | |
| 2026-01-29 | Quarterly Results | |
| 2025-10-31 | Quarterly Results | |
| 2025-08-08 | Quarterly Results | |
| 2025-07-21 | Others | Inter-alia. to consider 1. Raising of capital through issuance of Subordinated, Unsecured, Redeemable, Non-Convertible Debentures (Bonds/ NCDs/ Debentures) on a private placement basis. |
| 2025-05-30 | Raising of funds | |
| 2025-04-30 | Audited Results | |
| 2025-01-31 | Quarterly Results | |
| 2024-11-08 | Quarterly Results | |
| 2024-07-26 | Quarterly Results | |
| 2024-04-24 | Audited Results & Final Dividend | |
| 2024-01-25 | Quarterly Results | |
| 2023-10-19 | Quarterly Results | |
| 2023-07-28 | Quarterly Results | |
| 2023-05-05 | Audited Results & Dividend | |
| 2023-02-08 | Quarterly Results | |
| 2022-10-31 | Quarterly Results | |
| 2022-07-28 | Quarterly Results | |
| 2022-05-04 | Audited Results | |
| 2022-01-28 | Quarterly Results | |
| 2021-10-29 | Quarterly Results | |
| 2021-10-18 | Others | Inter alia, to discuss the various options available to achieve the Minimum Public Shareholding (MPS) under extant SEBI Circulars and finalise the roadmap for achieving the MPS compliance. |
| 2021-07-30 | Quarterly Results | |
| 2021-04-29 | Audited Results | |
| 2021-01-28 | Quarterly Results | |
| 2020-11-09 | Quarterly Results |
| Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|---|---|---|---|
| 2024-08-09 | 1 | FINAL | 2024-08-09 | Equity Share |
| 2023-07-28 | 1 | FINAL | 2023-07-28 | Equity Share |
Insider & Institutional Activity
- Bulk Block Deals
- Insider Trading & SAST
Client name |
Deal Type |
Date |
Action |
Avg. price |
Quantity |
Exchange |
|---|---|---|---|---|---|---|
| Societe Generale | Block | 2024-01-25 |
Purchase |
106.20 | 2,422,323 | BSE |
| Marshall Wace Investment Strategies - Eureka Fund | Block | 2024-01-25 |
Purchase |
106.20 | 899,311 | BSE |
| Marshall Wace Investment Strategiesgtops Fund | Block | 2024-01-25 |
Purchase |
106.20 | 357,938 | BSE |
| Marshallwaceinvestmentstrategiesmarketneutraltopsfund | Block | 2024-01-25 |
Purchase |
106.20 | 2,378 | BSE |
| Bnp Paribas Arbitrage | Block | 2024-01-25 |
Sell |
106.20 | 2,422,323 | BSE |
| Bnp Paribas Arbitrage | Block | 2024-01-25 |
Sell |
106.20 | 1,259,627 | BSE |
| Norges Bank On Account Of The Government Pension Fund Global | Bulk | 2023-03-17 |
Purchase |
67.96 | 8,770,000 | NSE |
| Vanguard Total International Stock Index Fund | Bulk | 2023-03-17 |
Purchase |
68.01 | 5,719,437 | NSE |
| Integrated Core Strategies (Asia) Pte. Ltd. | Bulk | 2023-03-17 |
Sell |
67.99 | 6,639,982 | NSE |
Client name |
Client Category |
Action |
Reported to Exchange |
Quantity |
Post Transaction Holding |
Avg. Price |
Regulation (Insider/SAST) |
Mode |
|---|---|---|---|---|---|---|---|---|
| Mirae Asset Mutual Fund | Other |
Acquisition |
2026-08-03 | 1,392,953 | 89,022,343 | SAST 29(2) | Market | |
| Mirae Asset Mutual Fund | Other |
Acquisition |
2026-06-25 | 9,718,905 | 65,707,640 | SAST 29(1) | Market | |
| Hdfc Mutual Fund | Other |
Acquisition |
2023-11-30 | 23,280,386 | 69,435,399 | SAST 29(1) | Market | |
| Dsp Trustee Pvt Ltd & Others | Other |
Disposal |
2023-07-28 | 3,518,749 | 41,666,911 | SAST 29(2) | Market | |
| Srinivasan Bhaskar | Designated Person |
Disposal |
2023-03-20 | 600,000 | 2,651,400 | 65.78 | Insider Trading | Market Sale |
| Sbi Mutual Fund | Acquisition |
2023-03-15 | 35,779,141 | 75,181,437 | SAST 29(1) | Scheme Of Amalgamation | ||
| Franklin Templeton Mutual Fund | Other |
Acquisition |
2023-03-14 | 65,664,313 | 78,626,249 | SAST 29(1) | Merger | |
| Dsp Trustee Pvt Ltd & Others | Other |
Acquisition |
2023-03-10 | 65,184,915 | 65,184,915 | SAST 29(1) | Sch.of Arrangement | |
| M V P Mohan Sharma | Designated Person |
Pledge |
2023-02-14 | 19,392 | 19,392 | 55.80 | Insider Trading | Pledge Released |
| M V P Mohan Sharma | Designated Person |
Pledge |
2023-02-08 | 19,392 | 19,392 | 54.10 | Insider Trading | Creation Of Pledge |
| Satish Shankar | Designated Person |
Acquisition |
2021-09-30 | 40,500 | 40,500 | 27.00 | Insider Trading | ESOP |
About Equitas Small Finance Bank Ltd
Stock PE (TTM)
Promoter Holding
Book Value
ROCE
ROE
Equitas Small Finance Bank Limited (ESFBL) was originally incorporated as `V.A.P. Finance Private Limited` on June 21, 1993 at Madras, Tamil Nadu, as a Private Limited Company by the RoC. Bank became a deemed public limited company on March 5, 1994 and the name of our Bank was changed to V.A.P. Finance Limited and the Certificate of Incorporation was endorsed by the RoC to that effect. Bank thereafter became a Private Limited Company dated March 30, 2011 upon change of name from V.A.P. Finance Limited to V.A.P. Finance Private Limited due to conversion of the Bank from a Public Limited Company to a Private Limited Company. A fresh Certificate of Incorporation dated August 12, 2011 was granted by the RoC upon change of name from V.A.P. Finance Private Limited to Equitas Finance Private Limited. A fresh Certificate of Incorporation was issued by the RoC on September 29, 2015 upon change of name from Equitas Finance Private Limited to Equitas Finance Limited. Promoter, EHL was granted the RBI In-Principle Approval and RBI Final Approval on October 7, 2015 and June 30, 2016, respectively, to establish an SFB. Subsequently, Bank was converted in to an SFB and Iit commenced operations on September 5, 2016 as an SFB. A fresh Certificate of Incorporation dated September 2, 2016 was granted by the RoC upon change of name of the Bank to Equitas Small Finance Bank Limited. In 2007, Equitas started as an NBFC MFI. Equitas Small Finance Bank Limited is one of the largest small finance banks in India. The Bank is engaged in retail banking business with focus on microfinance, commercial vehicle finance, home finance, loan against-property, corporate finance, and providing financing solutions for individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all. The Bank`s asset products are suited to a range of customers with varying profiles, which include provision of Small Business Loans (SBLs) comprising loan against property, housing loans, and agriculture loans to micro entrepreneurs, microfinance to joint liability groups predominantly comprising women, used and new commercial vehicle loans to drivers and micro entrepreneurs, MSE loans to proprietorship, and loans to non-banking financial companies (NBFCs). On the liability side, the Bank`s target customers comprise mass and mass-affluent individuals to whom it offers current accounts, salary accounts, savings accounts, and a variety of deposit accounts. In addition, the Bank provides noncredit offerings comprising ATM-cum-debit cards, third party insurance, mutual fund products, and issuance of FASTag. Pursuant to a Scheme of Amalgamation approved by the Hon`ble High Court of Judicature at Madras, and upon fulfillment of all conditions specified under the said Scheme, Equitas Micro Finance Limited and Equitas Housing Finance Limited amalgamated with the Company, and the Company was renamed Equitas Small Finance Bank Limited (ESFBL). Consequent to the above amalgamation the microfinance and housing finance businesses of the erstwhile EMFL and EHFL were transferred to the Company effective September 2, 2016. ESFBL commenced its banking operations after the receipt of final banking license from the Reserve Bank of India on September 5, 2016. The Bank is engaged in retail banking business with focus on micro-finance, commercial vehicle finance, home finance, loan against-property finance,corporate finance, and providing financing solutions for individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all. Banking Outlet comprises branches primarily focusing on garnering and servicing depositors and outlets that conducts lending operations for underbanked and unbanked. The Bank deployed 322 ATMs and cash recyclers at their banking outlets to save valuable time making the same as a pleasant experience. At present, the Bank operates from more than 853 locations across 15 States/Union Territories (including National Capital Territory) of the country. The Board of Directors of ESFBL and EHL in their respective Meetings held on January 31, 2019 and February 1, 2019 approved a Scheme of Arrangement between EHL, ESFBL and the respective shareholders contemplating issue and allotment by ESFBL of 89,20,62,982 fully paid-up equity shares for no cash consideration to the shareholders of EHL as of the Record Date set out in the Scheme and consequent reduction by ESFBL of Securities Premium Account, the revenue and other reserves and the surplus in Profit and Loss Account by an amount equal to the face value of the shares of ESFBL issued under the Scheme. The Bank in its Meeting held on December 6, 2019 approved issue of 4,74,58,239 Equity Shares of Rs 10 each at a price of Rs 52.68 per equity share (including a premium of Rs 42.68 per equity share) aggregating to Rs 250 crores, by private placement to IIFL AIF through its various funds for a stake of 4.51% in post-issue paid-up share capital of Bank. In the Board Meeting of the Bank held on 23 March 2020, following approvals were accorded, to make loans upto Rs 18000 Crore in ordinary course of business for Financial Year 2020-21; that subject to approval of shareholders, to borrow money upto an aggregate sum of Rs 27000 crore outstanding at any point of time and issue Certificate of Deposits (CoDs) in more than one tranches upto an amount not exceeding Rs 3,000 Crore. During the second half of 2020, the Bank raised Rs. 28,000 lakh through an Initial Public Offer (IPO) and got the equity shares listed on the BSE Limited and National Stock Exchange of India Limited effective on November 2, 2020. In 2022-23, the Board of Directors of the Company and Equitas Holdings Limited (EHL) at their respective Meetings held on July 26, 2022 approved a Scheme of Amalgamation between EHL, Company and their respective shareholders, contemplating amalgamation of EHL with the Company, which was designed to achieve the RBI licensing requirement of dilution of Promoter Shareholding in the Bank and Minimum Public Shareholding (MPS) requirements prescribed by SEBI Regulations. Subsequently, ESFBL achieved the MPS through a Qualified Institutions Placement (QIP) of its shares, in February 2022, after obtaining the necessary approvals which comprised issue of 10,26,31,087 equity shares of Rs. 10/ each at premium of Rs. 43.59 per share, aggregating to a fund raise of Rs. 550 crore utilised 100% for augmenting Tier 1 capital of the Bank during the year. As a result of this QIP, the Public Shareholding in the Bank increased from 18.70% to 25.37%, thereby complying with Minimum Public Shareholding (MPS) requirements prescribed by the SEBI Regulations. As a result, the Scheme was made effective from February 02, 2023. Pursuant to the effect of the scheme, 78,95,35,166 fully paid equity shares of Rs 10/- each were allotted to the eligible Equity shareholders of EHL on February 03,2023 as per the share exchange ratio envisaged in the approved scheme i.e.,231 equity shares of Rs 10 each of the Company in respect of every 100 equity shares of Rs 10 each fully paid up held by them in EHL as consideration for transfer and vesting of undertaking of EHL in the Company in terms of the Scheme. In 2023-24, the Company opened 33 new branches to increase reach and accessibility, driving growth in the small business loans segment. It opened new branches in Bengaluru and Delhi. The Bank established Pan India Operations through 964 Banking Outlets and 365 ATMs In 18 States And Union Territories. The Bank introduced a new car loan. Total mutual fund AUM surpassed Rs 500 Crores, marking a strong 32% year-on-year growth in FY25. Company added 20 new branches improving customer access. Credit card & personal loans launched in FY 2025. It scaled up key secured lending products such as Small Business Loans, Vehicle Finance, and Housing Loans. The Bank launched FCNR Deposits and Inward Remittances in 2026. Between March 2019 and March 2025, the Bank branch network more than doubled to approx. 7641 branches. Advances stood at Rs 18559 crore. Used commercial vehicles advances grew by 25% to Rs 5,899 crore in 2026.
Equitas Small Finance Bank share price as on 21 Sep 2026 is Rs. 74.09. Over the past 6 months, the Equitas Small Finance Bank share price has increased by 32.66% and in the last one year, it has increased by 32.68%. The 52-week low for Equitas Small Finance Bank share price was Rs. 51.25 and 52-week high was Rs. 83.9.
4th Floor Spencer Plaza Pha-II, No 769 Anna Salai (Mount Road), Chennai, Tamil Nadu, 600002
Tel No. 91-44-42995000
Email cs:equitasbank.com
Managing Director & CEO
ED - Technology & Operations / WTD
Independent Non Exe. Director
Independent Non Exe. Director
Company Sec. & Compli. Officer
Independent Non Exe. Director
Independent Non Exe. Director
Independent Non Executive Part Time Chairman
Independent Non Exe. Director
Independent Non Exe. Director
Independent Non Exe. Director
Independent Non Exe. Director
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EQUITASBNK
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Equitas Small Finance Bank Ltd FAQs
You can buy Equitas Small Finance Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Equitas Small Finance Bank Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 18, 2026 03:59 PM the closing price of Equitas Small Finance Bank Ltd was Rs.74.09.
The latest PE ratio of Equitas Small Finance Bank Ltd as of Sep 18, 2026 03:59 PM is 16.50
The latest PB ratio of Equitas Small Finance Bank Ltd as of Sep 18, 2026 03:59 PM is 1.38
The 52-week high of Equitas Small Finance Bank Ltd share price is Rs. 83.90 while the 52-week low is Rs. 51.25
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Sep 18, 2026 03:59 PM, the market cap of Equitas Small Finance Bank Ltd stood at Rs. 8,473.84 Cr.