Jana Small Finance Bank Ltd (IN:JSFB)
:JSFB
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Jana Small Finance Bank Ltd
(JSFB)
Select Model
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Rating:59Neutral
Price Target:
₹478.00
▲(15.29% Upside)
Action:Reiterated
Date:05/04/26
The score is held back primarily by weakening profitability and volatile cash flows, with valuation also a notable headwind due to a very high P/E. These are partially offset by strong technical momentum, with the stock trading above major moving averages and showing positive MACD and healthy RSI.
Positive Factors
Focused retail/mass-market franchise
Jana's concentrated model serving underbanked and mass-market customers is structurally durable. A branch-led network plus digital channels and broad retail loan mix (microfinance, MSME, housing, vehicle) supports steady deposit gathering, deep customer relationships and cross-sell over multiple cycles.
Negative Factors
Declining profitability and ROE
A multi-year fall in ROE and deteriorating net income reflect margin compression and weakening capital efficiency. Lower profitability constrains retained earnings, raises the cost of capital, and can limit sustainable growth unless margins or credit performance materially improve over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused retail/mass-market franchise
Jana's concentrated model serving underbanked and mass-market customers is structurally durable. A branch-led network plus digital channels and broad retail loan mix (microfinance, MSME, housing, vehicle) supports steady deposit gathering, deep customer relationships and cross-sell over multiple cycles.
Read all positive factors
Jana Small Finance Bank Ltd (JSFB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹47.77B
Dividend YieldN/A
Average Volume (3M)5.69K
Price to Earnings (P/E)7.0
Beta (1Y)0.76
Revenue Growth16.80%
EPS Growth-35.22%
CountryIN
Employees21,800
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)39.15
Shares Outstanding105,324,554
10 Day Avg. Volume4,739
30 Day Avg. Volume5,692
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.87
Price to Sales (P/S)0.61
P/FCF Ratio8.24
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)58.5
Revenue Forecast (FY)₹42.84B
Jana Small Finance Bank Ltd Business Overview & Revenue Model
Company Description
Jana Small Finance Bank Limited provides various banking products and services to individuals and enterprises in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Operations segments. The company o...
How the Company Makes Money
JSFB primarily makes money through (1) interest income from lending and (2) fee and other income from banking services, with profitability driven by the spread between what it earns on loans and what it pays on deposits and borrowings.
1) Net int...
Jana Small Finance Bank Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
63
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.37B | 63.75B | 53.67B | 45.11B | 36.30B | 30.05B |
| Gross Profit | 23.43B | 27.76B | 30.50B | 26.25B | 22.15B | 16.68B |
| EBITDA | 4.02B | 4.02B | 5.34B | 5.76B | 3.25B | 982.86M |
| Net Income | 4.11B | 3.26B | 5.01B | 6.70B | 2.56B | 174.71M |
Balance Sheet | ||||||
| Total Assets | 421.88B | 474.48B | 384.64B | 327.10B | 256.44B | 201.89B |
| Cash, Cash Equivalents and Short-Term Investments | 26.83B | 25.58B | 44.59B | 20.28B | 19.16B | 15.36B |
| Total Debt | 38.10B | 54.97B | 38.67B | 111.06B | 99.86B | 71.13B |
| Total Liabilities | 378.73B | 429.78B | 343.45B | 291.33B | 238.46B | 189.88B |
| Stockholders Equity | 43.14B | 44.70B | 41.18B | 35.77B | 17.97B | 12.01B |
Cash Flow | ||||||
| Free Cash Flow | -26.12B | 4.71B | -25.49B | 12.92B | -11.63B | 8.18B |
| Operating Cash Flow | -25.70B | 5.94B | -24.75B | 13.69B | -11.37B | 8.59B |
| Investing Cash Flow | -25.72B | -41.33B | -3.21B | -7.80B | -4.34B | -13.30B |
| Financing Cash Flow | 33.64B | 16.41B | 52.17B | 334.76M | 49.01B | 9.11B |
Jana Small Finance Bank Ltd Technical Analysis
Neutral
414.60
Price Trends
407.13
Positive
399.69
Positive
431.59
Positive
Market Momentum
17.50
Positive
51.97
Neutral
38.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSFB, the sentiment is Neutral. The current price of 414.6 is below the 20-day moving average (MA) of 464.26, above the 50-day MA of 407.13, and below the 200-day MA of 431.59, indicating a neutral trend. The MACD of 17.50 indicates Positive momentum. The RSI at 51.97 is Neutral, neither overbought nor oversold. The STOCH value of 38.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JSFB.
Jana Small Finance Bank Ltd 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% | |
67 Neutral | ₹729.28B | 18.93 | ― | 0.10% | 16.04% | 25.01% | |
61 Neutral | ₹17.06B | 8.75 | ― | ― | 16.07% | 32.15% | |
61 Neutral | ₹104.14B | 14.15 | ― | 2.82% | 11.64% | -4.91% | |
60 Neutral | ₹77.66B | 6.95 | ― | 1.63% | 8.92% | -30.41% | |
59 Neutral | ₹47.77B | 6.95 | ― | ― | 16.80% | -35.22% | |
46 Neutral | ₹23.67B | -1.22 | ― | 2.82% | -12.72% | -4281.86% |
* Financial Sector Average
IN:JSFB
Jana Small Finance Bank Ltd
453.55
-37.70
-7.67%
IN:AUBANK
AU Small Finance Bank Limited
974.25
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40.76%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
68.03
3.48
5.39%
IN:SURYODAY
Suryoday Small Finance Bank Limited
160.55
34.20
27.07%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
53.56
9.15
20.60%
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
13.30
-6.64
-33.30%
Jana Small Finance Bank Ltd Corporate Events
Jana Small Finance Bank Schedules Virtual Investor Meet With Spark Capital
Mar 25, 2026
Jana Small Finance Bank has scheduled a virtual investor and analyst meeting with Spark Capital on 30 March 2026, to be attended by the bank’s Managing Director and CEO. The interaction will center on the bank’s financial results for t...
Jana Small Finance Bank to Engage Investors at Systematix India Annual Conference
Feb 5, 2026
Jana Small Finance Bank has announced that its Managing Director CEO and Chief Financial Officer will participate in the MANTHAN – Systematix India Annual Conference on 10 February 2026, to be held virtually from Bengaluru. The investor and...
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.