Live Equitas Small Finance Bank Share Price Chart

O 101.5

H 101.5

L 101.5

VOL 3565

Equitas Small Finance Bank Performance

Days Range

Low: ₹99.60
High: ₹102.00
Previous Close ₹101.30
Open ₹101.50
Volume 16,81,335
Day’s Range ₹99.60 - ₹102.00
52W Range ₹61.30 - ₹116.50
Market Cap ₹11,487 Cr

Equitas Small Finance Bank Fundamentals

ROCE (TTM) 2.38
P/E Ratio (TTM) 14.68
P/B Ratio 2.09
Industry P/E 15.43
Debt to Equity NA
ROE 14.23
EPS (TTM) 6.89
Dividend Yield 0.97
Book Value 48.43
Face Value 10

Equitas Small Finance Bank Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Profit before tax260.79252.05266.99275.93
Net Profit190.04191.2198.14202
EPS in Rs1.711.721.771.79

About Equitas Small Finance Bank

History

Equitas Small Finance Bank Limited, referred to as ESFBL, has a corporate history dating back to 1993 when it was initially incorporated as V.A.P Finance Private Limited. Later, in August 2011, the company changed to Equitas Finance Private Limited. 

Subsequently 2011, Equitas Holdings Limited acquired the company, leading to another name change to Equitas Finance Limited in September 2015, following its transition to a Public Limited Company.

The transformation continued with a scheme of amalgamation, resulting in the merger of Equitas Micro Finance Limited and Equitas Housing Finance Limited with the company. Due to this amalgamation, the company assumed the new identity of Equitas Small Finance Bank Limited (ESFBL). 

The transfer of microfinance and housing finance businesses from the erstwhile EMFL and EHFL to ESFBL became effective on September 2, 2016. ESFBL officially commenced its banking operations on September 5, 2016, subsequent to obtaining the final banking license from the Reserve Bank of India.

The company was listed on the NSE and BSE on November 2, 2020, with an Initial Public Offer of ₹2,175 crore. 

Business Segments

Equitas Small Finance Bank operates through four primary business segments:

  1. Treasury: The treasury segment manages the bank’s liquidity and funding requirements, ensuring it has the necessary funds to meet its obligations to its customers and counterparties. The segment also invests excess funds in low-risk, high-yield instruments to generate additional income for the bank.
  2. Retail Banking: The retail banking segment caters to individuals. It offers various products and services, including savings and current accounts, loans, deposits, investments, and wealth management solutions. The segment focuses on providing its customers with personalised and convenient banking experiences.
  3. Corporate / Wholesale Banking: The corporate/wholesale banking segment provides a comprehensive suite of financial products and services to corporate clients, including working capital loans, cash management services, trade finance solutions, and foreign exchange services. The segment caters to various industries, including manufacturing, infrastructure, and services.
  4. Other Banking Business: The other banking business segment encompasses a variety of activities, including fee-based services, insurance brokerage, and microfinance. This segment contributes to the bank’s overall profitability and diversification of its revenue streams.

Key Personnel 

Vasudevan Pathangi Narasimhan, Managing Director and CEO

Vasudevan Pathangi Narasimhan currently holds the positions of Managing Director (MD) and Chief Executive Officer (CEO) at Equitas Small Finance Bank. With a rich background in the financial services sector, he brings a wealth of experience to his role. Prior to his current position, Narasimhan served as the Executive Vice President and Head of the Consumer Banking Group at Development Credit Bank Limited. His career spans almost two decades, with notable contributions during his tenure at Cholamandalam Investment and Finance Company Limited.

Management Outlook 

  • ESFBL has the potential to address a substantial credit gap in the market. This gap represents an opportunity for the bank to extend its lending services to underserved or untapped customer segments, leading to increased market share and revenue.
  • The prevailing credit gap offers ESFBL the chance to achieve sustained long-term growth. By strategically positioning itself in the market and effectively addressing the financial needs of a diverse customer base, the bank can build a robust and enduring business model.
  • The ongoing trend of increased formalisation in the Indian economy provides a significant growth avenue for ESFBL. As more economic activities become formalised, there is an expanded scope for the bank to offer various financial services to individuals and businesses, contributing to its overall growth.
Parent Organisation Indian Private
Founded 1993
Managing Director Arun Ramanathan
NSE Symbol EQUITASBNK

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Karur Vysya Bank Ltd ₹15,017.75

186.95

1.60 (0.86%)

184.8 - 189
Jana Small Finance Bank Ltd ₹4,633.35

445.8

7.45 (-1.64%)

430 - 457
ESAF Small Finance Bank Ltd ₹3,173.62

61.65

1.10 (-1.75%)

61.5 - 63.5
Ujjivan Small Finance Bank Ltd ₹10,277.17

52.5

0.80 (-1.50%)

52.2 - 53.3
CSB Bank Ltd ₹6,068.53

348.95

8.65 (-2.42%)

348 - 359.4

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Equitas Small Finance Bank FAQs

What is the Share price of Equitas Small Finance Bank (EQUITASBNK)?

Equitas Small Finance Bank (EQUITASBNK) share price as of March 4, 2024, on NSE is Rs 101.15 (NSE) and Rs 101.13 (BSE) on BSE.

Can I buy Equitas Small Finance Bank (EQUITASBNK) shares?

Yes, You can buy Equitas Small Finance Bank (EQUITASBNK) shares by opening a Demat account with Angel One.

How do I buy Equitas Small Finance Bank (EQUITASBNK) from Angel One?

Equitas Small Finance Bank (EQUITASBNK) share can be brought through the following modes:
  1. Direct investment: You can buy Equitas Small Finance Bank (EQUITASBNK) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Equitas Small Finance Bank (EQUITASBNK) shares.

Is Equitas Small Finance Bank a Debt free Company?

No, Equitas Small Finance Bank is not a debt free company.

What is the main business of Equitas Small Finance Bank?

The main business of Equitas Small Finance Bank is to provide financial services, such as deposits, savings account, lockers, loans, investments, insurance, and NRI account services.

Who are the promoters of Equitas Small Finance Bank?

The main promoter of Equitas Small Finance Bank is Equitas Holdings Limited with 74.48% shareholding.

How many branches does Equitas Small Finance Bank have?

Equitas Small Finance Bank has 861 branches in FY 2022.