ESAF Small Finance Bank Limited (IN:ESAFSFB)
:ESAFSFB
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ESAF Small Finance Bank Limited
(ESAFSFB)
Select Model
Select Model
Rating:50Neutral
Price Target:
₹36.00
▲(40.19% Upside)
Action:Reiterated
Date:06/20/26
The score is held down primarily by weak financial performance (losses, pressured core earnings, higher leverage and weaker equity) and loss-driven valuation signals, partially offset by strong technical momentum with price above major moving averages.
Positive Factors
Retail / inclusion franchise
A focused retail and microfinance franchise builds a granular liability base and stable loan flow from inclusion-oriented customers. This business model supports deposit stability, diversified retail deposits, and enduring customer relationships that sustain lending volumes through cycles.
Negative Factors
Profitability deterioration
Material deterioration into losses undermines retained earnings and the bank's internal capital generation. Persistent negative profitability compresses buffers against credit shocks, limits reserve-building, and can force tighter lending or higher-cost funding, constraining sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Retail / inclusion franchise
A focused retail and microfinance franchise builds a granular liability base and stable loan flow from inclusion-oriented customers. This business model supports deposit stability, diversified retail deposits, and enduring customer relationships that sustain lending volumes through cycles.
Read all positive factors
ESAF Small Finance Bank Limited (ESAFSFB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.76B
Dividend Yield2.64%
Average Volume (3M)22.82K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth0.44%
EPS Growth68.14%
CountryIN
Employees5,479
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)-11.49
Shares Outstanding515,951,800
10 Day Avg. Volume23,527
30 Day Avg. Volume22,820
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.57
Price to Sales (P/S)0.24
P/FCF Ratio4.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ESAF Small Finance Bank Limited Business Overview & Revenue Model
Company Description
Operating within India, ESAF Small Finance Bank delivers a broad spectrum of banking and financial solutions. Its offerings encompass various account types, including savings, current, and non-resident Indian (NRI) accounts, complemented by divers...
How the Company Makes Money
ESAFSFB primarily makes money through interest income and fee-based income generated from its banking operations.
1) Net interest income (core earnings):
- Lending interest: The bank earns interest on loans and advances extended to customers. Thi...
ESAF Small Finance Bank Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.87B | 43.48B | 43.29B | 42.60B | 30.73B | 21.48B |
| Gross Profit | 22.60B | 15.70B | 25.19B | 28.11B | 20.55B | 13.55B |
| EBITDA | -7.55B | -1.63B | -6.34B | 6.21B | 4.48B | 875.06M |
| Net Income | -5.91B | -1.66B | -5.21B | 4.26B | 3.02B | 547.32M |
Balance Sheet | ||||||
| Total Assets | 271.29B | 308.68B | 271.78B | 260.87B | 202.24B | 177.08B |
| Cash, Cash Equivalents and Short-Term Investments | 10.26B | 11.75B | 19.79B | 14.23B | 7.67B | 15.12B |
| Total Debt | 21.13B | 27.53B | 14.06B | 25.73B | 26.80B | 22.57B |
| Total Liabilities | 253.75B | 290.81B | 252.29B | 235.95B | 185.09B | 162.96B |
| Stockholders Equity | 17.54B | 17.87B | 19.49B | 24.92B | 17.15B | 14.12B |
Cash Flow | ||||||
| Free Cash Flow | -16.16B | 2.09B | -3.85B | 7.94B | -6.42B | 5.34B |
| Operating Cash Flow | -14.48B | 4.92B | -2.32B | 8.65B | 8.79B | 5.88B |
| Investing Cash Flow | 1.70B | -52.18B | -7.69B | -5.83B | -5.73B | -9.82B |
| Financing Cash Flow | 3.25B | 39.21B | 15.57B | 54.37B | 22.50B | 50.74B |
ESAF Small Finance Bank Limited Technical Analysis
Positive
25.68
Price Trends
27.29
Positive
26.68
Positive
27.21
Positive
Market Momentum
1.35
Negative
80.76
Negative
74.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ESAFSFB, the sentiment is Positive. The current price of 25.68 is below the 20-day moving average (MA) of 28.96, below the 50-day MA of 27.29, and below the 200-day MA of 27.21, indicating a bullish trend. The MACD of 1.35 indicates Negative momentum. The RSI at 80.76 is Negative, neither overbought nor oversold. The STOCH value of 74.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ESAFSFB.
ESAF Small Finance Bank Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | ₹18.62B | 12.12 | ― | ― | 16.07% | 32.15% | |
61 Neutral | ₹111.31B | 16.46 | ― | 2.82% | 11.64% | -4.91% | |
60 Neutral | ₹88.20B | 86.19 | ― | 1.63% | 8.92% | -30.41% | |
59 Neutral | ₹48.49B | 15.20 | ― | ― | 16.80% | -35.22% | |
50 Neutral | ₹18.76B | -9.83 | ― | 2.64% | 0.44% | 68.14% | |
47 Neutral | ₹26.32B | -2.31 | ― | 2.82% | -12.72% | -4281.86% |
* Financial Sector Average
IN:ESAFSFB
ESAF Small Finance Bank Limited
36.36
4.05
12.53%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
77.12
9.45
13.96%
IN:JSFB
Jana Small Finance Bank Ltd
460.35
-45.25
-8.95%
IN:SURYODAY
Suryoday Small Finance Bank Limited
175.15
34.15
24.22%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
57.22
8.99
18.64%
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
14.79
-4.77
-24.39%
ESAF Small Finance Bank Limited Corporate Events
ESAF Small Finance Bank Announces New Chief Risk Officer and Head of Internal Audit
Jun 4, 2026
ESAF Small Finance Bank has overhauled two key leadership roles in its risk and audit functions, signaling a planned transition in its senior management. The board approved the appointment of G. Narasimha Murthy as Chief Risk Officer for a three-y...
ESAF Small Finance Bank Publishes FY 2026 Investor Presentation
May 1, 2026
ESAF Small Finance Bank has released an investor presentation detailing its audited standalone financial results for the fourth quarter and full financial year ended March 31, 2026. The materials, prepared for investors and analysts, cover the ban...
ESAF Small Finance Bank Publishes FY26 Audited Results in Leading Dailies
May 1, 2026
ESAF Small Finance Bank Limited has announced that its audited standalone financial results for the quarter and financial year ended March 31, 2026 have been published in leading newspapers, in line with its obligations as a listed entity. The res...
ESAF Small Finance Bank Board Clears FY26 Audited Results With Clean Audit Opinion
Apr 30, 2026
ESAF Small Finance Bank Limited has announced that its Board of Directors approved the audited standalone financial results for the quarter and financial year ended March 31, 2026, at a meeting held on April 30, 2026. The results were reviewed by ...
ESAF Small Finance Bank boosts deposits and advances, sharpens shift toward secured lending
Apr 4, 2026
ESAF Small Finance Bank reported an 11.05% year-on-year rise in total deposits to ₹25,850 crore for the quarter ended March 31, 2026, with CASA deposits up 6.88% to ₹6,181 crore, though the CASA ratio eased to 23.91%. The customer base...
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.