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Utkarsh Small Finance Bank Ltd share Price Today

Company details

53.42
54.40
37.20
68.30
6M Return 4.70%
1Y Return 12.33%
Mkt Cap.(Cr) 5,928.27
Volume 1,927,430
Div Yield 0.93%
OI
-
OI Chg %
-
Volume 1,927,430

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Utkarsh Small Finance Bank announced Q4FY24 & FY24 results:

Financial Highlights:

  • Gross Loan portfolio grew by 31.1% YoY to Rs 18,299 crore.
  • Deposits grew by 27.4% YoY to Rs 17,473 crore, led by Retail Term Deposits (RTD) growth of 43% YoY
  • Gross NPAs declined to 2.51% as on March 31, 2024 from 3.04% as on December 31, 2023; Net NPAs declined to 0.03% as on March 31, 2024 from 0.39% as on March 31, 2023.
  • Highest ever annual operating profit (pre-provisions) of Rs 997 crore and profit after tax of Rs 498 crore in FY24 (YoY growth of 23%); profit after tax during Q4, FY24 stood at Rs 160 crore.
  • Return on Assets and Return on Equity stood at a healthy 2.4% and 19.5% respectively, during FY24.

Speaking on the results, Govind Singh, MD and CEO, Utkarsh Small Finance Bank said, “Our gross loan portfolio & deposits growth were strong in FY24, in line with our expectation, on the strength of our deep-rooted franchise & footprints and relevant product offerings. We continue to see good growth opportunities across our key products i.e. micro-banking, MSME, Housing and CV&CE loan portfolio. Deposit growth was led by retail term deposits. Our collection efficiency and asset quality witnessed healthy trend in Q4, FY24 leading to a decline in credit cost as well as reduction in net NPAs to negligible level of 0.03% as on March 31, 2024. We have registered highest ever annual operating profit (pre-provisions) of Rs 997 crore in FY24 and profit after tax of Rs 498 crore in FY24. We believe there are significant growth opportunities available in our core geographies given the growth potential and relatively low financial penetration. We will continue to strengthen our franchise & presence and explore significant growth potential through our relevant & suitable product offerings”, he added.

 

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Utkarsh Small Finance Bank Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (4)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • Decrease in NPA in recent results
  • Decrease in Provision in recent results

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 54.4
R2 54.9
R3 55.4
Pivot

53.91

S1 53.4
S2 52.9
S3 52.4
EMA SMA
52.8
53.1
53.2
52.7
52.5
53.7
53.9
53.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-07-24 53.5 8773183 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-07-24 53.58 8773183 NSE
OM TRADING Bulk Purchase 2023-07-21 44.68 9718569 NSE
Name Category Shares
UTKARSH COREINVEST LIMITED PROMOTER 69.06%

FINANCIALS

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

Financials( in Cr) Utkarsh Small Finance Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 53.92 1,596.90 1,105.65 839.20 1,181.05
% Change 0.15 1.02 -0.15 -0.56 0.54
Mcap Cr 5,928.27 1,213,150.72 776,424.58 748,953.44 364,539.35
Revenue TTM Cr 2,504.98 170,754.05 121,066.81 439,188.51 87,448.37
Net Profit TTM Cr 404.50 46,148.70 34,463.03 68,138.26 10,852.66
PE TTM 11.92 18.97 17.58 11.17 13.82
1 Year Return 12.33 -0.41 17.18 45.59 19.80
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 22.64 17.20 17.66 18.97 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,000.32 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
Board of Utkarsh Small Finance Bank approves increase in authorised share capital

Jun 17, 2024 l BSE Announcement

Board Meeting for Today

Jun 15, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

Jun 15, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
No data found

Utkarsh Small Finance Bank Ltd Information

Stock PE (TTM)
11.92
Promoter Holding
69.06%
Book Value
27.0325
ROE
22.64%
Description
  • Utkarsh Small Finance Bank Limited was incorporated on April 30, 2016 at Varanasi, Uttar Pradesh as a Public Limited Company and was granted a Certificate of Incorporation by the Registrar of Companies. The Promoter, Utkarsh CoreInvest Limited, started operations as a NBFC in year 2010 and was focused on providing microfinance to unserved and underserved segments in the States of Uttar Pradesh and Bihar. Later on, it converted to a NBFC- MFI. The Bank is engaged in providing banking and financial services and governed by Banking Regulation Act, 1949. On October 7, 2015, the Promoter received the RBI In-Principle Approval to establish an SFB, following which it incorporated Utkarsh Small Finance Bank Limited as a wholly-owned subsidiary on April 30, 2016. Subsequently, the Bank received final approval of the RBI to carry on the business as an SFB on November 25, 2016. Accordingly, Utkarsh CoreInvest Limited transferred its business of providing microfinance, as a going concern to the Bank and consequently commenced its operations from January 23, 2017. The Bank was included in second schedule to the RBI Act as a Scheduled Commercial Bank pursuant to a notification dated October 4, 2017 issued by the RBI and published in the Gazette of India on November 7, 2017. Following the commencement of SFB operations, the Bank further engaged with borrowers by focusing on microfinance and diversifying product offerings to include savings accounts, deposit products and other loan products. The Bank operations were focused in the states of Uttar Pradesh, where it headquartered and also in Bihar and Jharkhand. The Banking Operations are spread across India and are present in 22 States and Union Territories with 686 Banking Outlets as of March 31, 2022. It had a network of 209 on-site and 6 offsite ATMs. As of March 31, 2022, the Bank had also set-up 310 micro-ATMs. As of March 31, 2022, 67.91% of Gross Loan Portfolio (GLP) has been generated from Bihar, Uttar Pradesh and Jharkhand, respectively. The Bank asset products include micro banking loans that include joint liability group loans, and individual loans; retail loans including, unsecured loans, such as business loans and personal loans, and secured loans, such as loans against property (LAP); wholesale lending that includes short term and long term loan facilities to SMEs, mid and large corporate and institutional clients; housing loans with a focus on affordable housing; commercial vehicle / construction equipment loans; and `Utkarsh Gold Loan` product that was launched in Fiscal 2022. On the liabilities side, it offer savings accounts, current accounts and a variety of term and recurring deposit accounts. In addition, it provide non-credit offerings comprising ATM-cum-debit cards, bill payment system and distribute mutual funds and insurance products. The Company is planning to come out with a public issue of Rs. 500 crore Equity Shares through fresh issue.

No Data Found

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543942
NSE Code : UTKARSHBNK
Book Closure Date (Month) :
BSE Group : B
ISIN : INE735W01017

FAQ’s on Utkarsh Small Finance Bank Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:57 PM the closing price of Utkarsh Small Finance Bank Ltd was Rs.53.92.

The latest PE ratio of Utkarsh Small Finance Bank Ltd as of Jun 14, 2024 03:57 PM is 11.92

The latest PB ratio of Utkarsh Small Finance Bank Ltd as of Jun 14, 2024 03:57 PM is 0.50

The 52-week high of Utkarsh Small Finance Bank Ltd share price is Rs. 68.30 while the 52-week low is Rs. 37.20

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 03:57 PM, the market cap of Utkarsh Small Finance Bank Ltd stood at Rs. 5,928.27.

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