Suryoday Small Finance Bank Ltd

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

Suryoday Small Finance Bank Ltd

₹ 141 0.93%
22 Nov 9:28 a.m.
suryodaybank.com BSE: 543279 NSE: SURYODAY
About

Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.[1]

Key Points

Leading small Finance Bank
The bank commenced microfinance operations in 2009 and has since expanded operations across 14 states and union territories, customer base to ~2.82 million, employee base to 7440 employees, and distribution reach to 695 Banking Outlets. [1] [2] [3]

Website BSE NSE
  • Market Cap ₹ 1,502 Cr.
  • Current Price ₹ 141
  • High / Low ₹ 220 / 131
  • Stock P/E 6.43
  • Book Value ₹ 170
  • Dividend Yield 0.00 %
  • ROCE 8.49 %
  • ROE 12.7 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.82 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 22.3%
  • Company has a low return on equity of 4.19% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.71%

* 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 BSE Allcap BSE Financial Services BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 234 255 237 281 281 292 329 358 375 411 445 488 507
Interest 87 88 90 104 105 108 119 133 154 165 174 195 207
195 178 230 180 184 186 194 212 205 221 255 271 287
Financing Profit -48 -10 -84 -3 -8 -2 16 12 16 24 15 23 13
Financing Margin % -20% -4% -35% -1% -3% -1% 5% 3% 4% 6% 3% 5% 2%
33 18 20 13 25 26 34 51 52 52 65 70 47
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -15 8 -64 10 17 24 50 63 68 76 80 93 60
Tax % -87% 40% -24% 23% 23% 23% 23% 25% 26% 25% 24% 24% 25%
-2 5 -48 8 13 18 39 48 50 57 61 70 45
EPS in Rs -0.18 0.44 -4.53 0.73 1.22 1.70 3.67 4.48 4.74 5.39 5.73 6.59 4.27
Gross NPA % 10.21% 10.48% 11.80% 10.03% 9.90% 4.23% 3.13% 3.04% 2.90% 3.06% 2.94% 2.84% 3.03%
Net NPA % 4.48% 5.57% 5.97% 5.02% 4.76% 2.74% 1.55% 1.63% 1.46% 1.42% 0.86% 0.47% 0.80%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 26 61 118 199 244 287 530 767 776 942 1,184 1,589 1,851
Interest 9 28 55 95 115 123 190 276 366 357 437 626 741
13 20 37 76 114 181 259 414 460 420 700 843 1,035
Financing Profit 3 13 26 28 15 -18 81 76 -49 164 47 120 75
Financing Margin % 12% 21% 22% 14% 6% -6% 15% 10% -6% 17% 4% 8% 4%
0 0 0 1 11 38 67 87 76 94 97 219 234
Depreciation 0 0 1 1 2 5 6 10 15 19 43 51 0
Profit before tax 3 13 25 27 24 16 143 154 12 238 101 288 309
Tax % 32% 32% 34% 0% 37% 36% 37% 28% 2% 139% 23% 25%
2 9 17 27 15 10 90 111 12 -93 78 216 234
EPS in Rs 0.83 3.30 5.11 7.16 2.36 1.50 11.08 12.81 1.12 -8.76 7.32 20.34 21.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 39%
5 Years: 25%
3 Years: 27%
TTM: 37%
Compounded Profit Growth
10 Years: 38%
5 Years: 19%
3 Years: 163%
TTM: 51%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -3%
1 Year: -13%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 4%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23 27 33 38 64 68 82 87 106 106 106 106
Reserves 41 61 99 159 437 472 799 980 1,491 1,399 1,479 1,699
47 298 594 956 1,044 1,467 2,718 4,113 4,922 6,405 7,932 10,220
92 14 31 39 60 156 163 185 193 270 344 352
Total Liabilities 203 400 757 1,193 1,604 2,164 3,761 5,365 6,712 8,180 9,861 12,378
1 1 2 2 6 13 18 30 35 66 163 152
CWIP 0 0 0 0 2 1 1 8 8 49 1 17
Investments 2 1 1 0 594 311 664 808 1,874 2,058 2,570 2,599
200 398 754 1,190 1,002 1,839 3,078 4,518 4,795 6,007 7,127 9,610
Total Assets 203 400 757 1,193 1,604 2,164 3,761 5,365 6,712 8,180 9,861 12,378

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-545 526 -876 -347 -98 935
-14 -167 -280 -158 -266 -263
655 210 915 885 213 -322
Net Cash Flow 97 569 -241 381 -150 349

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 4% 12% 15% 17% 4% 2% 13% 11% 1% -6% 5% 13%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
28.01% 28.01% 28.01% 28.01% 23.30% 23.30% 23.30% 22.40% 22.40% 22.40% 22.39% 22.30%
9.95% 9.94% 8.27% 3.93% 2.61% 1.16% 1.68% 2.16% 2.91% 2.90% 3.02% 3.50%
24.42% 24.04% 23.90% 22.52% 22.19% 20.93% 18.68% 18.38% 17.01% 14.04% 12.64% 8.01%
37.62% 38.01% 39.82% 45.55% 51.89% 54.61% 56.35% 57.05% 57.68% 60.66% 61.95% 66.19%
No. of Shareholders 98,13495,10194,81195,45995,70794,32194,13694,84894,23596,2761,03,3561,08,301

* 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.

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Documents

Announcements

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Credit ratings

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