ESAF Small Finance Bank Ltd

ESAF Small Fin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ESAF Small Finance Bank Ltd

₹ 28.2 -0.77%
12 Mar 10:05 a.m.
esafbank.com BSE: 544020 NSE: ESAFSFB
About

Incorporated in 1992, ESAF Small Finance
Bank 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[1]

Key Points

Business Overview:[1][2][3]
a) ESAF SFB is a Scheduled commercial bank with a presence in 24 States and 2 UTs, with ~756 Banking Outlets and 646 ATMs
b) It has 8,834 Customer Touchpoints for 89.4 lakh Customers
c) Company has Loan Book of Rs. 19,216 Cr which includes Micro Loans ~62%, and Retail & Other Loans ~38%. It has Deposits of Rs. 21,613 Cr
d) GNPA ~6.9%, NNPA ~2.9%, CASA ~22.7%, NIM ~10.7%
e) 53% of their customers are in rural and semi urban areas, and 70% of their banking outlets are in rural and semi-urban areas

Website BSE NSE
  • Market Cap ₹ 1,454 Cr.
  • Current Price ₹ 28.2
  • High / Low ₹ 64.5 / 26.1
  • Stock P/E
  • Book Value ₹ 45.3
  • Dividend Yield 2.51 %
  • ROCE 37.4 %
  • ROE 20.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.62 times its book value

Cons

  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.416 Cr.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Part of Nifty Total Market Nifty Microcap 250 BSE Allcap BSE SmallCap BSE Financial Services

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Revenue 385 598 690 688 701 774 899 943 974 1,002 1,022 996 950
Interest 178 220 242 251 250 275 313 347 377 411 434 456 463
198 285 355 425 481 457 505 487 567 682 619 834 881
Financing Profit 10 92 94 12 -30 42 81 109 30 -91 -30 -293 -394
Financing Margin % 2% 15% 14% 2% -4% 5% 9% 12% 3% -9% -3% -29% -42%
48 49 48 65 81 94 93 79 120 150 115 39 112
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 57 141 142 77 51 136 174 188 150 59 85 -255 -282
Tax % 24% 25% 25% 25% 27% 26% 25% 26% 25% 26% 26% -25% -25%
43 106 106 58 37 101 130 140 112 43 63 -190 -211
EPS in Rs 0.96 2.35 2.36 1.28 0.83 2.26 2.89 3.12 2.18 0.84 1.22 -3.69 -4.09
Gross NPA % 6.70% 7.83% 6.16% 8.11% 7.24% 2.49% 1.65% 2.64% 4.16% 4.76% 6.61% 6.98% 6.96%
Net NPA % 3.88% 3.92% 3.78% 4.34% 3.73% 1.13% 0.81% 1.19% 2.19% 2.26% 3.22% 2.98% 2.97%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 1,032 1,413 1,641 1,940 2,854 3,818 3,971
Interest 458 621 720 793 1,017 1,449 1,764
538 646 879 1,248 1,676 2,190 3,016
Financing Profit 35 146 43 -101 160 180 -809
Financing Margin % 3% 10% 3% -5% 6% 5% -20%
109 133 127 208 288 442 416
Depreciation 17 23 29 33 42 51 0
Profit before tax 127 256 141 74 406 570 -394
Tax % 29% 26% 25% 26% 26% 25%
90 190 105 55 302 426 -295
EPS in Rs 2.11 4.45 2.34 1.22 6.73 8.27 -5.72
Dividend Payout % 0% 0% 0% 0% 0% 8%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 33%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 59%
TTM: -149%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -51%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 16%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 428 428 449 449 449 515 515
Reserves 466 656 903 962 1,266 1,977 1,818
Deposits 4,317 7,028 8,999 12,815 14,666 19,868 21,614
1,702 1,203 1,694 2,953 3,354 3,223 2,141
4,462 7,183 9,293 13,343 15,154 20,373 22,172
Total Liabilities 7,058 9,470 12,339 17,708 20,224 26,087 26,646
86 116 133 159 188 205 218
CWIP 4 4 6 0 0 3 0
Investments 1,531 1,734 1,932 4,070 4,889 5,541 5,916
5,438 7,616 10,268 13,478 15,147 20,338 20,512
Total Assets 7,058 9,470 12,339 17,708 20,224 26,087 26,646

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-239 1,089 1,127 -584 -571 1,001
-171 -635 -638 -982 -573 -583
488 -499 653 1,259 399 235
Net Cash Flow 78 -45 1,143 -308 -745 654

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 19% 9% 4% 19% 20%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
63.39% 63.39% 63.39% 63.38% 63.36%
1.16% 0.81% 0.12% 0.15% 0.16%
10.98% 10.26% 8.90% 5.56% 5.02%
24.48% 25.53% 27.57% 30.92% 31.45%
No. of Shareholders 94,7131,02,1241,07,4131,15,8181,18,512

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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