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Jana Small Finance Bank Ltd
(JSFB)
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Rating:63Neutral
Price Target:
₹609.00
▲(13.24% Upside)
Action:Reiterated
Date:07/30/26
The score is held back primarily by weakening profitability and declining ROE alongside volatile operating/free cash flow, despite solid revenue growth and an expanding balance sheet. Offsetting this, the technical picture is strong with the stock trading above all major moving averages, and valuation appears reasonable based on its P/E.
Positive Factors
Revenue Growth
Consistent top-line growth indicates durable demand for JSFB's lending and deposit products. Over several years this supports scale economics, allows steady loan-book expansion and fee income diversification, and underpins long-term revenue predictability despite cyclical headwinds.
Negative Factors
Declining Net Income
A multi-year drop in net income materially reduces the bank's internal capital generation and earnings power. Persisting declines constrain reinvestment in branches and technology, raise sensitivity to credit shocks, and weaken the bank's ability to fund growth organically.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent top-line growth indicates durable demand for JSFB's lending and deposit products. Over several years this supports scale economics, allows steady loan-book expansion and fee income diversification, and underpins long-term revenue predictability despite cyclical headwinds.
Read all positive factors
Jana Small Finance Bank Ltd (JSFB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹61.00B
Dividend YieldN/A
Average Volume (3M)5.69K
Price to Earnings (P/E)16.0
Beta (1Y)0.65
Revenue Growth17.48%
EPS Growth-12.60%
CountryIN
Employees25,381
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)36.07
Shares Outstanding105,714,485
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)60.46
Revenue Forecast (FY)₹43.05B
Jana Small Finance Bank Ltd Business Overview & Revenue Model
Company Description
Jana Small Finance Bank Limited provides banking and financial services to individuals and enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers c...
How the Company Makes Money
JSFB primarily makes money through interest-based income from lending and fee-based income from banking services. Its largest revenue driver is typically net interest income: the bank earns interest on its loan portfolio (for example, microfinance...
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 | 57.42B | 63.75B | 53.67B | 45.11B | 36.30B | 30.05B |
| Gross Profit | 31.37B | 27.76B | 30.50B | 26.25B | 22.15B | 16.68B |
| EBITDA | 3.80B | 4.02B | 5.34B | 5.76B | 3.25B | 982.86M |
| Net Income | 3.80B | 3.26B | 5.01B | 6.70B | 2.56B | 174.71M |
Balance Sheet | ||||||
| Total Assets | 468.12B | 474.48B | 384.64B | 327.10B | 256.44B | 201.89B |
| Cash, Cash Equivalents and Short-Term Investments | 27.34B | 25.58B | 44.59B | 20.28B | 20.89B | 15.36B |
| Total Debt | 46.59B | 54.97B | 33.77B | 44.11B | 55.50B | 37.10B |
| Total Liabilities | 420.80B | 429.78B | 343.45B | 291.33B | 238.46B | 189.88B |
| Stockholders Equity | 47.32B | 44.70B | 41.18B | 35.77B | 17.97B | 12.01B |
Cash Flow | ||||||
| Free Cash Flow | -26.12B | 4.71B | -25.49B | 6.30B | -39.61B | 8.18B |
| Operating Cash Flow | -25.70B | 5.94B | -24.75B | 7.07B | -39.35B | 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 | 9.77B |
Jana Small Finance Bank Ltd Technical Analysis
Positive
537.80
Price Trends
503.90
Positive
468.96
Positive
440.18
Positive
Market Momentum
16.58
Positive
62.38
Neutral
60.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSFB, the sentiment is Positive. The current price of 537.8 is below the 20-day moving average (MA) of 555.56, above the 50-day MA of 503.90, and above the 200-day MA of 440.18, indicating a bullish trend. The MACD of 16.58 indicates Positive momentum. The RSI at 62.38 is Neutral, neither overbought nor oversold. The STOCH value of 60.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JSFB.
Jana Small Finance Bank Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹141.13B | 15.52 | ― | ― | 15.87% | 70.88% | |
63 Neutral | ₹61.00B | 16.02 | ― | ― | 17.48% | -12.60% | |
63 Neutral | ₹815.33B | 28.31 | ― | 0.10% | 14.96% | 30.22% | |
61 Neutral | ₹16.19B | 8.42 | ― | 0.78% | 21.20% | 139.21% | |
56 Neutral | ₹85.20B | 16.67 | ― | 1.63% | 9.24% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹24.95B | -2.32 | ― | 2.82% | -12.04% | -121.91% |
* General Sector Average
IN:JSFB
Jana Small Finance Bank Ltd
549.15
73.85
15.54%
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IN:EQUITASBNK
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IN:SURYODAY
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IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
72.19
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67.49%
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
14.03
-3.46
-19.78%
Jana Small Finance Bank Ltd Corporate Events
Jana Small Finance Bank Schedules Virtual Investor Meet with Choice Institutional Equities
Jun 5, 2026
Jana Small Finance Bank has announced a scheduled virtual investor and analyst meeting with Choice Institutional Equities on June 11, 2026, starting at 3:00 p.m. The session will be held online, reflecting the bank’s ongoing engagement with ...
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.