Equitas Small Finance Bank Ltd
Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank. [1] [2]
Strengths
- +Company's median sales growth is 23.0% of last 10 years
Weaknesses
- −Company has low interest coverage ratio.
- −Company has a low return on equity of 5.93% over last 3 years.
- −Earnings include an other income of Rs.1,074 Cr.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| FIIs | 19.65% | 16.91%▼2.7 | 15.42%▼1.5 | 16.47%▲1.0 | 16.3%▼0.2 | 15.67%▼0.6 | 14.62%▼1.1 | 14.74%▲0.1 |
| DIIs | 45.42% | 43.66%▼1.8 | 42.62%▼1.0 | 42.7%▲0.1 | 47.13%▲4.4 | 48.2%▲1.1 | 49.96%▲1.8 | 50.87%▲0.9 |
| Public | 34.93% | 39.42%▲4.5 | 41.96%▲2.5 | 40.82%▼1.1 | 36.57%▼4.3 | 36.13%▼0.4 | 35.42%▼0.7 | 34.38%▼1.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 715 | 758 | 974 | 1,021 | 967 | 1,002 | 1,375 | 969 | 1,027 | 965 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| OPM % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 202 | 208 | 26 | 13 | 66 | 42 | -224 | 24 | 90 | 213 |
| EPS ₹ | 1.79 | 1.83 | 0.23 | 0.11 | 0.58 | 0.37 | -1.96 | 0.21 | 0.79 | 1.86 |
AI Insights
Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.
Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
DIIs: 50.87% (+7.91pp change). FIIs: 14.74% (-6.71pp change). Promoters hold 0%.
ROCE improving from 0% (Mar 2012) to 0% (Mar 2026). Working capital days: 0.
PE 73.9x with 6.44% ROCE. Price is 24% above book value of ₹53.7. Dividend yield: 0%.
Recent Announcements
- RBI Approval For Appointment And Re-Appointment Of Joint Statutory Auditors Of The Bank For The FY 2026-2027 14 May - RBI approved joint statutory auditors for FY 2026-2027; one reappointment and one new appointment pending shareholder approval.
- Schedule Of Non-Deal Roadshows To Be Attended By The Representatives Of The Bank 13 May - Equitas Small Finance Bank schedules analyst and investor meetings on 18-19 May 2026 in Mumbai.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 6 May - Equitas Small finance bank limited has informeds regarding the transcript of earnings call held on May 02,2026
- Transcript Of Earnings Call Held On May 02,2026 6 May - Equitas Small Finance Bank Limited has informeds regarding the transcript of earnings call held on May 02,2026
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 5 May - Equitas Small Finance Bank Limited has informed regarding allotment of shares under ESOP.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse