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ESAF Small Finance Bank Ltd share Price Today

Company details

53.00
53.95
49.00
82.40
6M Return -19.91%
1Y Return -22.46%
Mkt Cap.(Cr) 2,756.13
Volume 1,346,455
Div Yield 1.31%
OI
-
OI Chg %
-
Volume 1,346,455

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ESAF Small Finance Bank announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net Interest Income (NII) grew 18.4% YoY to Rs 591 crore compared to Rs 499 crore in Q4FY23
  • Pre-provisioning operating profit (PPoP) for Q4FY24 grew 30.1% YoY to Rs 285 crore compared to Rs 219 crore in Q4FY23
  • Profit After Tax is at Rs 43 crore in Q4FY24 compared to Rs 101 crore in Q4FY23
  • The Return on Asset (ROA) and Return on Equity (ROE) stood at 1.9% and 20.3% respectively.
  • Cost of funds for the FY24 was 7.4%, higher by 10 bps on account of increase in the deposit cost in line with the market trend.
  • CRAR was 23.3% and Tier I at 19.7% as at end of March 2024.
  • Total business grew by 27.5% YoY to Rs 39,527 crore in Q4FY24 as against Rs 30,997 crore in Q4FY23.
  • Gross advances grew by 33.0% YoY to Rs 18,772 crore in Q4FY24 as against Rs 14,118 crore in Q4FY23.
  • Advances Under Management (AUM) for the quarter stood at Rs 19,659 crore, up by 20.4% YoY. Of the AUM, Micro Loan and other contributes 81.2%, Retail Loans being 18.8%.
  • Disbursements during Q4FY24 stood at Rs 5,266 crore as against Rs 6,043 crore in Q4FY23
  • The total deposits grew by 35.5% YoY to reach Rs 19,868 crore in Q4FY24 compared to Rs 14,666 crore in Q4FY23
  • CASA deposits increased by 43.5% YoY to Rs 4,502 crore in Q4FY24 compared to Rs 3,138 crore in Q4FY23; CASA ratio stand at 22.7%
  • Bank’s asset quality stand (GNPA) at 4.8% in Q4FY24 vs 2.5% in Q4FY23.
  • Net NPA stood at 2.3% of the Advances in Q4FY24
  • Provision Coverage Ratio (PCR) stood 65.2%

FY24 Financial Highlights:

  • The Bank’s Net Interest Income (NII) grew 29.0% YoY to Rs 2,370 crore compared to Rs 1,836 crore during FY23.
  • Net Interest Margin (NIM) for FY24 stood at 10.7% compared to 10.0% in FY23
  • The Bank’s pre-provisioning operating profit (PPoP) for FY24 increased 30.1% YoY to Rs 1,163 crore as compared to Rs 894 crore in FY23.
  • The Profit After Tax for FY24 increased by 40.8% YoY to Rs 426 crore as compared to Rs 302 crore in FY23

Commenting on the performance, K. Paul Thomas, MD & CEO, said, "The bank's business is growing at a commendable pace, with a satisfying YoY growth of 28%. Technology advancement remains a central focus, driving our efforts to enhance both customer experience and operational efficiency. Through fortified supervisory oversight and strategic initiatives, we are poised to navigate challenges effectively and achieve even better performance in the coming quarters. Meanwhile, we continue our pioneering efforts in the realm of ESG, underscoring our commitment to sustainability."

Result PDF

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ESAF Small Finance Bank Ltd shares SWOT Analysis

Strengths (7)

  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (1)

  • Declining profits every quarter for the past 2 quarters

Opportunity (2)

  • Decrease in NPA in recent results
  • Stock with Low PE (PE < = 10)

Threats (3)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results
  • RSI indicating price weakness

Resistance and support

R1 54.0
R2 54.4
R3 54.9
Pivot

53.50

S1 53.0
S2 52.5
S3 52.1
EMA SMA
53.9
56.3
60.1
-
53.5
57.3
60.4
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
K Paul Thomas PROMOTER 6.06%
Esaf Financial Holdings Private Limited PROMOTER 52.94%
Esaf Swasraya Multistate Agro Cooperative Society Ltd PROMOTER 4.35%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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ESAF Small Finance Bank Ltd Stocks COMPARISON

Financials( in Cr) ESAF Small Finance Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 53.54 1,596.90 1,105.65 839.20 1,181.05
% Change 1.02 1.02 -0.15 -0.56 0.54
Mcap Cr 2,756.13 1,213,150.72 776,424.58 748,953.44 364,539.35
Revenue TTM Cr 2,853.66 170,754.05 121,066.81 439,188.51 87,448.37
Net Profit TTM Cr 302.33 46,148.70 34,463.03 68,138.26 10,852.66
PE TTM 6.47 18.97 17.58 11.17 13.82
1 Year Return -22.46 -0.41 17.18 45.59 19.80
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 19.34 17.20 17.66 18.97 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,715.00 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

ESAF Small Finance Bank Ltd Information

Stock PE (TTM)
6.47
Promoter Holding
63.39%
Book Value
48.2946
ROE
19.34%
Description
  • ESAF Small Finance Bank Limited was incorporated as `ESAF Small Finance Bank Limited` on May 5, 2016 at Thrissur, Kerala, as a Public Limited Company vide Certificate of Incorporation issued by the RoC. The Bank received license to carry on business as a SFB from the Reserve Bank of India on November 18, 2016 and commenced their banking operations from 10 March 2017. As per RBI Approval, the Bank became a Schedule Bank effective from November 12, 2018, which was included in the Second Schedule to the Reserve Bank of India Act, 1934. The Bank is one of the leading small finance banks in India which provides micro, retail and corporate banking, para banking activities, such as debit card, third party financial product distribution, in addition to Treasury and permitted Foreign Exchange Business. The Bank offer online banking services, including electronic funds transfer, bill payment services, usage of credit cards on-line, requesting account statements, and requesting cheque books. The asset products comprise micro loans, retail loans, MSME and corporate loans and agricultural loans. The history of Bank dates back to 1992, when Kadambelil Paul Thomas, the Managing Director, founded ESAF Society, a society focused on the development of micro-enterprises, community development, and community health development. ESAF Society started lending its micro loan activities in Kerala in 1995. In 2006, K. Paul Thomas along with others acquired Corporate Promoter. Thereafter, ESAF Society transferred its micro loan business undertaking to our Corporate Promoter in 2008 pursuant to a business transfer agreement dated March 31, 2008. On March 10, 2017, the Bank acquired the business of its Corporate Promoter and consequently, the Corporate Promoter transferred its business undertaking comprising of its lending and financing business to Bank through a Business Transfer Agreement on February 22, 2017. On 17 March 2017, the Bank was officially inaugurated at Thrissur, Kerala. Prior to Fiscal 2018, all of the loans were micro loans. Since then, it introduced retail advances, MSME and corporate advances and agricultural advances. In Fiscal 2020, it began offering platinum debit cards. As at March 31, 2021, Bank had 550 Branches, 12 Business Correspondents (BCs), 158 banking agents and 327 ATMs in 21 states and 2 union territories. Their Ultra-Small Branches were the erstwhile micro loan branches from when the business was owned by Corporate Promoter. They catered primarily to micro loan customers. As per the RBI`s guidelines, all their Ultra -Small Branches were converted to Branches or merged with a Branch before March 10, 2020. The Bank is proposing an Initial Public Offer aggregating upto Rs 998 crore Equity Shares, comprising a Fresh Issue of upto Rs 800 crore by raising capital and Rs 198 crore through Offer for Sale.

Registered Address

Bldg. # VII/83/8 ESAF Bhavan, Tri-Palakkad N.Hiway. Mannuthy, Trissur, Kerala, 680651

Tel : +91 487 7123 907
Email : investor.relations:esafbank.com
Website : http://www.esafbank.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 544020
NSE Code : ESAFSFB
Book Closure Date (Month) :
BSE Group : B
ISIN : INE818W01011

FAQ’s on ESAF Small Finance Bank Ltd Shares

You can buy ESAF Small Finance Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy ESAF Small Finance Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:52 PM the closing price of ESAF Small Finance Bank Ltd was Rs.53.54.

The latest PE ratio of ESAF Small Finance Bank Ltd as of Jun 14, 2024 03:52 PM is 6.47

The latest PB ratio of ESAF Small Finance Bank Ltd as of Jun 14, 2024 03:52 PM is 0.90

The 52-week high of ESAF Small Finance Bank Ltd share price is Rs. 82.40 while the 52-week low is Rs. 49.00

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 Jun 14, 2024 03:52 PM, the market cap of ESAF Small Finance Bank Ltd stood at Rs. 2,756.13.

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