Equitas Small Finance Bank Ltd. (IN:EQUITASBNK)
:EQUITASBNK
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Equitas Small Finance Bank Ltd.
(EQUITASBNK)
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Select Model
Rating:56Neutral
Price Target:
₹57.00
▼(-14.89% Downside)
Action:ReiteratedDate:11/18/25
The overall stock score of 56 reflects significant challenges in financial performance, particularly with declining revenue and profitability. While technical analysis shows positive momentum, the negative P/E ratio raises concerns about valuation. The lack of earnings call and corporate events data limits further insights.
Positive Factors
Niche retail/micro focus
Focused business model serving retail, micro and small enterprises and underserved segments is a durable competitive advantage: steady demand, deeper customer relationships, and cross-sell potential. This niche supports predictable deposit mobilization and a differentiated loan book over months to years.
Negative Factors
Revenue decline
A significant revenue decline (-13.15%) is structurally concerning: shrinking scale reduces net interest income and fee opportunities, constrains economies of scale, and forces higher growth requirements later to restore pre-decline operating capacity and profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche retail/micro focus
Focused business model serving retail, micro and small enterprises and underserved segments is a durable competitive advantage: steady demand, deeper customer relationships, and cross-sell potential. This niche supports predictable deposit mobilization and a differentiated loan book over months to years.
Read all positive factors
Equitas Small Finance Bank Ltd. (EQUITASBNK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.65B
Dividend Yield1.63%
Average Volume (3M)236.91K
Price to Earnings (P/E)19.9
Beta (1Y)0.93
Revenue Growth10.02%
EPS Growth-120.18%
CountryIN
Employees22,854
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.80
Shares Outstanding1,141,043,100
10 Day Avg. Volume329,486
30 Day Avg. Volume236,913
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.07
Price to Sales (P/S)0.91
P/FCF Ratio3.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹80.00Price Target Upside19.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.71
Revenue Forecast (FY)₹52.36B
Equitas Small Finance Bank Ltd. Business Overview & Revenue Model
Company Description
Equitas Small Finance Bank Limited provides various banking products and services to for individuals and corporates, as well as micro, small, and medium enterprises. The company operates through Treasury, Corporate / Wholesale Banking, Retail Bank...
How the Company Makes Money
Equitas Small Finance Bank primarily makes money through (1) interest income and (2) fee and other income. Interest income is earned by lending funds collected from deposits and other funding sources into its loan portfolio; the key driver is the ...
Equitas Small Finance Bank Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.05B | 71.26B | 61.58B | 46.66B | 39.34B | 35.94B |
| Gross Profit | 41.34B | 40.66B | 37.52B | 30.48B | 25.13B | 21.97B |
| EBITDA | -1.34B | 3.47B | 11.98B | 8.53B | 4.53B | 5.88B |
| Net Income | -1.02B | 1.47B | 7.99B | 5.74B | 2.81B | 3.84B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 528.36B | 453.04B | 349.58B | 269.52B | 247.15B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 55.36B | 35.79B | 12.44B | 21.33B | 5.94B |
| Total Debt | 0.00 | 21.37B | 17.88B | 73.89B | 45.48B | 85.37B |
| Total Liabilities | -60.73B | 467.63B | 393.35B | 298.00B | 227.06B | 213.19B |
| Stockholders Equity | 60.73B | 60.73B | 59.69B | 51.58B | 42.46B | 33.96B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 16.92B | 34.70B | -12.63B | 667.13M | 19.94B |
| Operating Cash Flow | 0.00 | 19.37B | 38.34B | -9.98B | 1.59B | 20.44B |
| Investing Cash Flow | 0.00 | -2.39B | -3.60B | -2.61B | -890.90M | -428.05M |
| Financing Cash Flow | 0.00 | 2.59B | -12.10B | 601.13M | -13.17B | -11.54B |
Equitas Small Finance Bank Ltd. Technical Analysis
Neutral
66.97
Price Trends
62.26
Negative
62.77
Negative
60.75
Negative
Market Momentum
-1.25
Negative
52.78
Neutral
80.68
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EQUITASBNK, the sentiment is Neutral. The current price of 66.97 is above the 20-day moving average (MA) of 56.29, above the 50-day MA of 62.26, and above the 200-day MA of 60.75, indicating a neutral trend. The MACD of -1.25 indicates Negative momentum. The RSI at 52.78 is Neutral, neither overbought nor oversold. The STOCH value of 80.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:EQUITASBNK.
Equitas Small Finance Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹46.67B | 33.44 | ― | 1.23% | 19.50% | 33.27% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | ₹70.22B | 13.04 | ― | ― | 32.90% | 12.28% | |
56 Neutral | ₹67.65B | 19.93 | ― | 1.63% | 10.02% | -120.18% | |
51 Neutral | ₹14.23B | 10.24 | ― | ― | ― | ― | |
46 Neutral | ₹117.22B | 13.80 | ― | 2.82% | 6.15% | -64.12% | |
41 Neutral | ₹24.02B | -1.76 | ― | 2.82% | 2.35% | -261.81% |
* Financial Sector Average
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
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Equitas Small Finance Bank Ltd. Corporate Events
Equitas Small Finance Bank Assigned Independent ESG Score of 66
Apr 6, 2026
Equitas Small Finance Bank Limited has received an independent Environment, Social and Governance score of 66 from NSE Sustainability Ratings Analytics Limited, a SEBI-registered ESG Rating Provider under Category I. The rating was based solely o...
Equitas Small Finance Bank Allots 54,997 Shares Under ESOP Scheme
Mar 4, 2026
Equitas Small Finance Bank has allotted 54,997 equity shares with a face value of Rs.10 each to employees who exercised options under its 2019 Employee Stock Option Scheme. As a result of this ESOP-driven issuance, the bank’s paid-up share c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.