Suryoday Small Finance Bank Limited (IN:SURYODAY)
:SURYODAY
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Suryoday Small Finance Bank Limited
(SURYODAY)
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Rating:61Neutral
Price Target:
₹189.00
▲(31.07% Upside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by improving but still volatile financial performance (margin and cash-flow swings, meaningful leverage) and a strong-uptrend technical setup that appears overbought. A low P/E supports the valuation component and helps offset the higher fundamental and near-term technical risks.
Positive Factors
Retail, underbanked focus
Suryoday's explicit focus on underbanked and emerging retail segments creates a durable structural market tailwind. Serving low‑penetration customers supports steady deposit inflows, product cross‑sell opportunities, and differentiated credit origination expertise that can sustain revenue and franchise value over time.
Negative Factors
Margin and profit volatility
Material swings in net margin and profitability undermine earnings predictability and indicate sensitivity to funding costs, portfolio mix, or provisioning cycles. Persistent margin volatility complicates planning, capital allocation, and investor confidence in the durability of reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Retail, underbanked focus
Suryoday's explicit focus on underbanked and emerging retail segments creates a durable structural market tailwind. Serving low‑penetration customers supports steady deposit inflows, product cross‑sell opportunities, and differentiated credit origination expertise that can sustain revenue and franchise value over time.
Read all positive factors
Suryoday Small Finance Bank Limited (SURYODAY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.28B
Dividend YieldN/A
Average Volume (3M)90.09K
Price to Earnings (P/E)8.7
Beta (1Y)1.22
Revenue Growth16.07%
EPS Growth32.15%
CountryIN
Employees8,214
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)6.13
Shares Outstanding106,289,825
10 Day Avg. Volume25,094
30 Day Avg. Volume90,089
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.64
Price to Sales (P/S)0.53
P/FCF Ratio2.31
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)₹18.86B
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
The bank primarily makes money through (1) interest income on loans and advances and (2) fees and commissions from banking services. Its core revenue engine is net interest income: it raises funds mainly through customer deposits (savings accounts...
Suryoday Small Finance Bank Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
57
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.61B | 25.20B | 21.71B | 18.08B | 12.81B | 10.35B |
| Gross Profit | 9.68B | 12.74B | 13.23B | 11.82B | 8.44B | 6.78B |
| EBITDA | 770.92M | 2.67B | 1.99B | 0.00 | 1.44B | -1.08B |
| Net Income | 652.05M | 1.52B | 1.15B | 2.16B | 776.91M | -930.32M |
Balance Sheet | ||||||
| Total Assets | 166.04B | 198.84B | 156.14B | 123.78B | 98.61B | 81.80B |
| Cash, Cash Equivalents and Short-Term Investments | 15.12B | 20.99B | 17.09B | 11.80B | 8.33B | 9.78B |
| Total Debt | 21.65B | 31.22B | 27.10B | 36.54B | 27.65B | 33.81B |
| Total Liabilities | 146.13B | 178.06B | 136.87B | 105.73B | 82.76B | 66.75B |
| Stockholders Equity | 19.91B | 20.78B | 19.27B | 18.05B | 15.85B | 15.05B |
Cash Flow | ||||||
| Free Cash Flow | -8.57B | 5.77B | -16.59B | 3.27B | -1.90B | -4.38B |
| Operating Cash Flow | -8.26B | 6.52B | -14.82B | 3.83B | -977.00M | -3.47B |
| Investing Cash Flow | -3.14B | -7.92B | -10.59B | -2.63B | -2.66B | -1.58B |
| Financing Cash Flow | 8.66B | 4.12B | 30.71B | 22.89B | 15.26B | 14.79B |
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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹12.51B | 6.20 | ― | 1.97% | 15.32% | 6.84% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | ₹17.28B | 8.75 | ― | ― | 16.07% | 32.15% | |
61 Neutral | ₹105.31B | 14.15 | ― | 2.82% | 11.64% | -4.91% | |
59 Neutral | ₹48.70B | 6.95 | ― | ― | 16.80% | -35.22% | |
50 Neutral | ₹14.43B | 10.79 | ― | 2.64% | 0.44% | 68.14% | |
46 Neutral | ₹23.67B | -1.22 | ― | 2.82% | -12.72% | -4281.86% |
* Financial Sector Average
IN:SURYODAY
Suryoday Small Finance Bank Limited
160.55
34.20
27.07%
IN:CAPITALSFB
Capital Small Finance Bank Limited
278.90
-12.07
-4.15%
IN:ESAFSFB
ESAF Small Finance Bank Limited
27.55
-2.50
-8.32%
IN:JSFB
Jana Small Finance Bank Ltd
453.55
-37.70
-7.67%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
53.56
9.15
20.60%
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
13.30
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Suryoday Small Finance Bank Limited Corporate Events
Suryoday Small Finance Bank Names Aniket Sapre Chief Products Officer and Head of Customer Experience
Apr 7, 2026
Suryoday Small Finance Bank has strengthened its leadership team by appointing Aniket Vishwas Sapre as Chief Products Officer and Head of Customer Experience, effective 7 April 2026. Sapre, who previously worked with the bank for about three years...
Suryoday Small Finance Bank CEO Raises Stake With Open-Market Share Purchase
Mar 18, 2026
Suryoday Small Finance Bank has disclosed that its promoter and Managing Director CEO, Mr. Baskar Babu Ramachandran, purchased 50,000 equity shares of the bank on the open market over March 17 and 18, 2026, under a previously submitted trading pl...
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...
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.