loader2
Partner With Us NRI

Suryoday Small Finance Bank Ltd share Price Today

Company details

204.11
210.00
142.30
217.70
6M Return 29.47%
1Y Return 31.21%
Mkt Cap.(Cr) 2,174.57
Volume 433,527
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 433,527

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Suryoday Small Finance Bank announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net interest income stood at Rs 270.8 crore in Q4FY24 as compared to Rs 210.1 crore in Q4FY23, an increase of 28.9% YoY
  • Net total income stood at Rs 335.5 crore in Q4FY24 as compared to Rs 244.1 crore in Q4FY23, an increase of 37.4% YoY
  • Cost of Funds increased to 7.4% in Q4FY24 compared to 6.8% in Q4FY23, however CoF has dipped marginally on sequential basis
  • Cost to income excluding CGFMU expenses stood at 57.7% in Q4FY24 as compared to 58.3% in Q4FY23. Including CGFMU, cost to income for the quarter stood at 61.7%.
  • Pre-Provisioning Operating Profit stood at Rs 128.3 crore in Q4FY24 as compared to Rs 101.7 crore in Q4FY23, an increase of 26.2% YoY.
  • Pre-Provisioning Operating Profit excluding CGFMU stood at Rs 142.0 crore in Q4FY24

FY24 Financial Highlights:

  • Net interest income stood at Rs 962.2 crore in FY24 as compared to Rs 746.6 crore in FY23, an increase of 28.9% YoY
  • Net total income stood at Rs 1,181.6 crore in FY24 as compared to Rs 844.0 crore in FY23, an increase of 40.0% YoY
  • Cost of Funds increased to 7.3% in FY24 as compared to 6.7% in FY23
  • Cost to income excluding CGFMU expenses stood at 57.1% in FY24 as compared to 60.0% in FY23.
  • Cost to income including CGFMU expenses stood at 61.6% in FY24
  • Pre-Provisioning Operating Profit stood at Rs 453.9 crore in FY24 as compared to Rs 337.5 crore in FY23, an increase of 34.5% YoY.
  • Pre-Provisioning Operating Profit excluding CGFMU stood at Rs 506.5 crore in FY24

Commenting on the performance, Baskar Babu, MD & CEO, Suryoday Small Finance Bank, said: "We are happy to share that FY24 has been a good year for the bank, with growth in all areas such as advances, deposits, and profitability. Gross Advances grew by 41.5% to Rs 8,650 crore in FY24, against the corresponding period last year. The growth is driven by continued focus on key businesses, i.e., Inclusive Finance, Commercial Vehicle, and LAP. The Vikas Loan portfolio has surpassed an AUM of Rs 2,600 crore, demonstrating a growth of over 118% over the previous financial year. Vikas Loan, which in effect is the individual loan product for graduating group loan customers, now constitutes over 53% of the Inclusive Finance portfolio.

The Bank’s disbursement increased from Rs 5,083 crore in FY23 to Rs 6,919 crore in FY24, a growth of 36.1% on a YoY basis, with Vikas Loan and Commercial Vehicle Loans contributing substantially to the growth. Overall deposits increased from Rs 5,167 crore in FY23 to Rs 7,777 crore in FY24. The Bank continues to remain focused on building a granular retail deposit book. The retail deposits to total deposit ratio improved from 73.1% in FY23 to 78.8% in FY24.

CASA as a percentage of overall deposits stood at 20.1% in Mar’24 versus 17.1% during Mar’23. In terms of asset quality, the GNPA stood at 2.8%^ at the end of FY24, down from 3.1% in FY23. Net NPA was 0.82%^ in FY24, compared to 1.5% in FY23. The bank continues to cover the eligible unsecured portfolio under the CGFMU scheme to mitigate any unforeseen risks.

On the profitability front, the bank’s net interest income grew by 28.9% to Rs 962.2 crore in FY24, versus the same period last year. During the year gone by, the PPOP has registered a 34.5% growth to Rs 453.9 crore. The bottom line saw an improvement from Rs 77.7 crore in FY23 to Rs 216.0 crore in FY24.

Going forward, our strategy would be to transition from predominantly being a micro-lender to becoming a micro-banker for low-income households with a sharp focus on going deeper into existing geographies and continuing to provide holistic banking services to our customers. Going granular on both the lending and deposit sides would be the key enabler to achieving our core strategy."

Result PDF

View Other Company Results

Suryoday Small Finance Bank Ltd shares SWOT Analysis

Strengths (15)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Decrease in NPA in recent results
  • RSI indicating price strength

Threats (2)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 208.5
R2 212.2
R3 214.4
Pivot

206.29

S1 202.6
S2 200.4
S3 196.7
EMA SMA
197.7
194.0
186.7
175.3
195.9
197.4
184.5
173.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-04 186.21 610130 NSE
QE SECURITIES LLP Bulk Purchase 2024-04-04 186.57 538085 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-04 186.49 610130 NSE
Name Category Shares
BASKAR BABU RAMACHANDRAN PROMOTER 5.04%
PERUVAMBA SUBRAMANIAM JAGDISH PROMOTER 3.33%
P SURENDRA PAI PROMOTER 2.28%
GEALGEO V ALANKARA PROMOTER 0.51%
SHEELA PAI COLE PROMOTER 4.18%
SUNAINA PAI OCALAN PROMOTER 4.18%
SAVITA SURENDRA PAI PROMOTER 2.09%
PERUVAMBA ESTATES PRIVATE LIMITED PROMOTER 0.78%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Suryoday Small Finance Bank Ltd Stocks COMPARISON

Financials( in Cr) Suryoday Small Finance Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 204.76 1,580.75 1,107.35 843.90 1,174.65
% Change 0.25 0.42 -1.09 0.57 -1.12
Mcap Cr 2,174.57 1,200,881.71 777,618.38 753,148.01 362,563.95
Revenue TTM Cr 1,183.68 170,754.05 121,066.81 439,188.51 87,448.37
Net Profit TTM Cr 77.69 46,148.70 34,463.03 68,138.26 10,852.66
PE TTM 10.08 18.77 17.60 11.22 13.75
1 Year Return 31.21 -1.25 18.31 45.84 20.58
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 5.03 17.20 17.66 18.97 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,584.73 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79
Suryoday Small Finance Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 10, 2024 l NSE Announcement

Suryoday Small Finance Bank Limited - Updates

Jun 07, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Suryoday Small Finance Bank Ltd Information

Stock PE (TTM)
10.08
Promoter Holding
22.4%
Book Value
169.9011
ROE
5.03%
Description
  • The Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private limited company under the Companies Act, 1956 pursuant to the certificate of incorporation dated 10 November 2008 issued by the Assistant Registrar of Companies, Tamil Nadu, Andaman and Nicobar Islands at Chennai. Subsequently, our Bank was converted into a public limited company and the name of our Bank was changed to Suryoday Micro Finance Limited, and a fresh certificate of incorporation dated 16 June 2015 was issued by the RoC. Our Bank was granted the in-principle and final approval to establish a small finance bank ("SFB") by the RBI, pursuant to its letters dated 07 October 2015 and 26 August 2016, respectively. Pursuant to our Bank being established as an SFB, the name of our Bank was changed to Suryoday Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on 13 January 13, 2017. The Bank commenced its business with effect from 23 January 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated 24 July 2017 issued by the RBI and published in the Gazette of India on 02 September 2017. The bank has a wide presence across 13 states and UTs across India through its 556 banking outlets, with a strong presence in Maharashtra, Tamilnadu and Odisha. The Bank is primarily engaged in extending micro credit to economically weaker women who are otherwise unable to access finance from the mainstream banking channels. The Bank broadly follows the Grameen model with suitable adaptations using the Joint Liability Groups (JLG) framework, where each member of the group guarantees the loan repayment of the other members of the group. The Bank also provides finance for mortgage loans, commercial vehicles, loans to micro, small and medium enterprises and loans to Non-banking finance companies (NBFCs). During the FY2016,the Company raised Rs 746 Crore by way of debt facilities from various lenders and Rs 72 Crores by way of loan portfolio securitization. The Company has issued 43,95,907 equity shares by way of rights issue in July 2015. The capital was raised to ensure adequate capital to support growth and expansion, including enhancing the Company`s solvency and capital adequacy ratio and for general corporate purposes. The Company issued and allotted 10,00,000 equity shares to Mr. R. Baskar Babu on a preferential basis. The same was approved by the members of the Company at their Extraordinary General Meeting held on 24 December 2015. During the FY2017, 255,60,469 equity shares of the face value of Rs. 10/- each were allotted by way of Rights issues, Private Placement issues and Preferential Allotment issues in various tranches bringing in a total inflow of Rs. 289.27 crore. The bank has raised Rs 501.29 crore by way of debt facilities from various lenders and Rs. 261.28 crores by way of loan portfolio buys outs/securitization during the Financial Year 2016-2017. During the year 2017-18, 31,00,000 equity shares of Rs. 10/- each were allotted by way of preferential issue. The Bank has 28 fully operational bank branches as of June 2018 including conversion of 2 micro finance lending outlets into banking outlets in addition to 213 micro finance lending focused outlets. The Bank also has onsite ATMs at almost all branches. The Gross Loan Portfolio at Rs 2920 crore showed a year-on-year increase of 76% whereas the Total deposits grew by 113% from Rs 750 crore as at Mar 2018 to Rs 1593 crore as at March 2019 with retail deposits accounting for almost 50% share. The AUM grew by 71% to Rs 3,003 crore, with 20% of this contributed by Affordable Home Loans, Commercial Vehicle Finance, and SME & NBFC funding. The number of banking outlets increased from 241 in March 2018 to 382 in March 2019 comprising of 211 asset centres and 171 other outlets (including 68 URCs). During the FY2020,the bank has issued 4500000 equity shares through private placement pursuant to shareholder`s approval aggregating to Rs 63 crore. The Gross Loan Portfolio at Rs 3,742 crore (excluding the impact of write-off) grew by 26% over that of the previous year and the total deposits at Rs 2,849 crore grew by 79% over that of the previous year. The number of banking outlets increased from 382 in March 2019 to 477 in March 2020 including 133 Unbanked Rural Centres. During the second quarter of FY21 ended 30 Septernber 2020, the Bank issued 23,90,020 equity shares through private placernent pursuant to shareholder`s approval aggregating to Rs 62.14 crore. The Bank also issued unsecured, subordinated non-convenible debentures for Rs 100 crore during the quarter ended 30 Septernber 2020. During the year ended 31 March 2021, the Bank successtully completed lnitial public offer (lPo) and got listed on 26 March 2021 on Natiohal stock Exchange (NSEJ and BSE Ltd.

Registered Address

1101 Sharda Terrace Plot 65, Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, 400614

Email : company.secretary:suryodaybank.com
Website : http://www.suryodaybank.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543279
NSE Code : SURYODAY
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE428Q01011

FAQ’s on Suryoday Small Finance Bank Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:59 PM the closing price of Suryoday Small Finance Bank Ltd was Rs.204.76.

The latest PE ratio of Suryoday Small Finance Bank Ltd as of Jun 13, 2024 03:59 PM is 10.08

The latest PB ratio of Suryoday Small Finance Bank Ltd as of Jun 13, 2024 03:59 PM is 0.83

The 52-week high of Suryoday Small Finance Bank Ltd share price is Rs. 217.70 while the 52-week low is Rs. 142.30

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 13, 2024 03:59 PM, the market cap of Suryoday Small Finance Bank Ltd stood at Rs. 2,174.57.

Download App

Download Our App

Play Store App Store
market app