Suryoday Small Finance Bank Limited (IN:SURYODAY)
:SURYODAY
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Suryoday Small Finance Bank Limited
(SURYODAY)
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Select Model
Rating:51Neutral
Price Target:
₹127.00
▼(-11.93% Downside)
Action:ReiteratedDate:02/27/26
The score is held back mainly by weak cash-flow performance and FY2025 profitability deterioration despite strong revenue growth and improved leverage. Technical indicators also point to a weak downtrend (price below key moving averages and negative MACD). Valuation is moderate on P/E but lacks dividend support data.
Positive Factors
Strong revenue growth
Consistent, double-digit top-line growth and FY2025 revenue nearly doubling vs FY2024 indicate durable demand for the bank’s lending and deposit services. A sustainably growing loan book supports net interest income expansion and scale advantages over the next 2–6 months.
Negative Factors
Weak cash generation
Deeply negative operating and free cash flow in FY2025 signals poor cash conversion and higher funding risk. Sustained negative cash generation can force reliance on external financing, raise funding costs, and constrain capital for loan growth or provisioning over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Consistent, double-digit top-line growth and FY2025 revenue nearly doubling vs FY2024 indicate durable demand for the bank’s lending and deposit services. A sustainably growing loan book supports net interest income expansion and scale advantages over the next 2–6 months.
Read all positive factors
Suryoday Small Finance Bank Limited (SURYODAY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.36B
Dividend YieldN/A
Average Volume (3M)90.09K
Price to Earnings (P/E)10.2
Beta (1Y)1.13
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees8,214
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.44
Shares Outstanding106,289,825
10 Day Avg. Volume25,094
30 Day Avg. Volume90,089
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)0.59
Price to Sales (P/S)0.52
P/FCF Ratio-0.68
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)25.7
Revenue Forecast (FY)₹19.00B
Suryoday Small Finance Bank Limited Business Overview & Revenue Model
Company Description
Suryoday Small Finance Bank Limited operates as a small finance bank primarily serving the unserved and underserved with a focus on financial inclusion in India. It operates through Treasury, Retail Banking, Wholesale Banking, and Other Banking Op...
How the Company Makes Money
Suryoday Small Finance Bank primarily makes money through (1) interest income from lending and investments and (2) fee and commission income from providing banking services.
1) Net interest income (core earnings): The bank raises funds mainly thr...
Suryoday Small Finance Bank Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
67
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.61B | 21.71B | 18.08B | 12.81B | 10.35B | 8.53B |
| Gross Profit | 9.68B | 13.23B | 11.82B | 8.44B | 6.78B | 4.87B |
| EBITDA | 770.92M | 1.99B | 0.00 | 1.44B | -1.08B | 271.23M |
| Net Income | 652.05M | 1.15B | 2.16B | 776.91M | -930.32M | 118.55M |
Balance Sheet | ||||||
| Total Assets | 166.04B | 156.14B | 123.78B | 98.61B | 81.80B | 67.12B |
| Cash, Cash Equivalents and Short-Term Investments | 15.12B | 17.09B | 11.80B | 8.33B | 9.78B | 5.93B |
| Total Debt | 21.65B | 27.10B | 36.54B | 27.65B | 33.81B | 24.70B |
| Total Liabilities | 146.13B | 136.87B | 105.73B | 82.76B | 66.75B | 51.15B |
| Stockholders Equity | 19.91B | 19.27B | 18.05B | 15.85B | 15.05B | 15.97B |
Cash Flow | ||||||
| Free Cash Flow | -8.57B | -16.59B | 3.27B | -1.90B | -4.38B | -8.96B |
| Operating Cash Flow | -8.26B | -14.82B | 3.83B | -977.00M | -3.47B | -8.76B |
| Investing Cash Flow | -3.14B | -10.59B | -2.63B | -2.66B | -1.58B | -2.80B |
| Financing Cash Flow | 8.66B | 30.71B | 22.89B | 15.26B | 14.79B | 9.15B |
Suryoday Small Finance Bank Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹10.82B | 8.67 | ― | 1.97% | 13.76% | 11.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | ₹39.29B | 115.46 | ― | ― | 13.36% | -50.07% | |
51 Neutral | ₹13.36B | 10.24 | ― | ― | ― | ― | |
46 Neutral | ₹107.67B | 13.80 | ― | 2.82% | 6.15% | -64.12% | |
44 Neutral | ₹12.15B | 48.24 | ― | 2.64% | -8.71% | -2192.08% | |
41 Neutral | ₹20.96B | -1.76 | ― | 2.82% | 2.35% | -261.81% |
* Financial Sector Average
IN:SURYODAY
Suryoday Small Finance Bank Limited
125.65
15.65
14.23%
IN:CAPITALSFB
Capital Small Finance Bank Limited
238.30
-32.58
-12.03%
IN:ESAFSFB
ESAF Small Finance Bank Limited
23.57
-2.94
-11.09%
IN:JSFB
Jana Small Finance Bank Ltd
373.05
-53.90
-12.62%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
55.42
18.93
51.88%
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
11.78
-7.99
-40.41%
Suryoday Small Finance Bank Limited Corporate Events
Suryoday Small Finance Bank Schedules Virtual Meet With Institutional Investors
Mar 5, 2026
Suryoday Small Finance Bank has announced that it will hold a virtual group meeting with institutional investors on March 9, 2026, hosted by Arihant Capital, with discussions restricted to publicly available information. The bank has made the rela...
Suryoday Small Finance Bank Clears Q3 FY26 Results, Plans Capital Raise of Up to ₹1,000 Crore
Jan 22, 2026
Suryoday Small Finance Bank’s board has approved the unaudited financial results for the third quarter and nine months ended 31 December 2025, along with taking on record the limited review report from its joint statutory auditors and associ...
Suryoday Small Finance Bank Schedules Q3 & 9M FY2026 Earnings Call for January 23
Jan 17, 2026
Suryoday Small Finance Bank Limited has announced that its senior management will host an earnings conference call with analysts and investors on January 23, 2026, to discuss the bank’s unaudited financial results for the third quarter and n...
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.