ESAF Small Finance Bank Limited (ESAFSFB) AI Stock Analysis

• Market Cap: ₹12.37B
• Dividend Yield: 2.64%
• Average Volume (3M): 22.82K
• Price to Earnings (P/E): 48.2
• Beta (1Y): 1.14
• Revenue Growth: -8.71%
• EPS Growth: -2192.08%
• Country: IN
• Employees: 5,479
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.14
• Shares Outstanding: 515,662,600
• 10 Day Avg. Volume: 23,527
• 30 Day Avg. Volume: 22,820
• PEG Ratio: 0.01
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.31
• P/FCF Ratio: -3.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ₹22.00 ▼(-14.33% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is driven primarily by weak fundamentals—loss-making margins, negative ROE, and negative operating/free cash flow—despite strong revenue growth and improved leverage. Technicals are also bearish with the stock below major moving averages and negative MACD, while valuation remains demanding with a high P/E and no dividend yield data.

Positive Factors

Strong revenue growth

Sustained top-line expansion of 73.92% signals strong demand for the bank's lending and deposit franchise. Over 2–6 months this supports higher net interest income potential and market share gains if credit quality and funding mix are managed, underpinning medium-term earnings recovery.

Negative Factors

Negative net profitability

Material negative net and EBIT margins indicate that interest margins, fees, and core income are insufficient to cover provisioning and operating expenses. Persistent losses erode capital and limit reinvestment, making sustained profitability recovery and dividend capacity uncertain over the medium term.

ESAF Small Finance Bank Limited Business Overview & Revenue Model

Company Description

ESAF Small Finance Bank provides banking products and services in India. It offers savings, current, and NRI accounts; fixed, recurring, and social deposits; and debit cards. The company provides used and new car, two and three-wheeler, light comm...

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ESAF Small Finance Bank provides banking products and services in India. It offers savings, current, and NRI accounts; fixed, recurring, and social deposits; and debit cards. The company provides used and new car, two and three-wheeler, light comm...

How the Company Makes Money

ESAFSFB primarily earns money through a bank-style spread-and-fee model. (1) Net interest income: The core revenue driver is interest earned on loans and other interest-earning assets minus interest paid on customer deposits and borrowings. The ba...

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ESAFSFB primarily earns money through a bank-style spread-and-fee model. (1) Net interest income: The core revenue driver is interest earned on loans and other interest-earning assets minus interest paid on customer deposits and borrowings. The ba...

ESAF Small Finance Bank Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	40.87B	43.29B	42.60B	30.73B	21.48B	10.51B
Gross Profit	22.60B	25.19B	28.11B	20.55B	13.55B	10.51B
EBITDA	-7.88B	-6.34B	6.21B	4.48B	875.06M	1.70B
Net Income	-5.91B	-5.21B	4.26B	3.02B	547.32M	1.05B
Balance Sheet
Total Assets	271.29B	271.78B	260.87B	202.24B	177.08B	123.39B
Cash, Cash Equivalents and Short-Term Investments	10.26B	19.79B	14.23B	7.67B	15.12B	18.19B
Total Debt	21.13B	14.06B	25.73B	26.80B	22.57B	15.48B
Total Liabilities	253.75B	252.29B	235.95B	185.09B	162.96B	109.87B
Stockholders Equity	17.54B	19.49B	24.92B	17.15B	14.12B	13.52B
Cash Flow
Free Cash Flow	-16.16B	-3.85B	7.94B	-6.42B	5.34B	2.81B
Operating Cash Flow	-14.48B	-2.32B	8.65B	8.79B	5.88B	3.31B
Investing Cash Flow	1.70B	-7.69B	-5.83B	-5.73B	-9.82B	-6.38B
Financing Cash Flow	3.25B	15.57B	54.37B	22.50B	50.74B	26.24B

ESAF Small Finance Bank Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 25.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ESAFSFB, the sentiment is Neutral. The current price of 25.68 is above the 20-day moving average (MA) of 23.30, below the 50-day MA of 25.97, and below the 200-day MA of 28.35, indicating a neutral trend. The MACD of -0.80 indicates Negative momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 88.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ESAFSFB.

ESAF Small Finance Bank Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JSFB	58 Neutral	₹42.22B	115.46	―	―	13.36%	-50.07%
EQUITASBNK	56 Neutral	₹69.64B	19.93	―	1.63%	10.02%	-120.18%
SURYODAY	51 Neutral	₹14.65B	10.24	―	―	―	―
UJJIVANSFB	46 Neutral	₹113.55B	13.80	―	2.82%	6.15%	-64.12%
ESAFSFB	44 Neutral	₹12.37B	48.24	―	2.64%	-8.71%	-2192.08%
UTKARSHBNK	41 Neutral	₹22.39B	-1.76	―	2.82%	2.35%	-261.81%

ESAF Small Finance Bank Limited Corporate Events