Suryoday Small Finance Bank Limited (SURYODAY) AI Stock Analysis

• Market Cap: ₹15.09B
• Dividend Yield: N/A
• Average Volume (3M): 90.09K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 1.40
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 8,214
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.86
• Shares Outstanding: 106,289,825
• 10 Day Avg. Volume: 25,094
• 30 Day Avg. Volume: 90,089
• 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 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: 57 Neutral
• Price Target: ₹149.00 ▲(3.33% Upside)

The score is primarily held back by uneven financial quality—FY2025 profit and return metrics weakened and cash flows turned sharply negative—despite strong revenue growth and improved leverage. Technicals are supportive with price above key moving averages and moderately positive momentum, while valuation (P/E ~23.5) is not especially cheap and lacks dividend support.

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 Operations segments. The company accepts savings and current accounts, term and fixed deposits, and recurring deposits. It also provides finance for mortgage and commercial vehicles; and loans to micro, small, and medium enterprises, as well as loans to non-banking finance companies. In addition, the company offers home loans, secured business loans against property, joint liability group loans, and emergency credit line guarantee schemes. Further, it provides life, general, and group health insurance, as well as national pension and social security schemes. Additionally, the company offers debit cards and NRI banking services; and internet, phone, tab, and mobile banking services. As of March 31, 2021, it operated 556 banking outlets across 13 states and union territories. The company was formerly known as Suryoday Micro Finance Limited and changed its name to Suryoday Small Finance Bank Limited in January 2017. Suryoday Small Finance Bank Limited was incorporated in 2008 and is based in Navi Mumbai, India.

How the Company Makes Money

Suryoday Small Finance Bank Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.16B	21.71B	18.08B	12.81B	10.35B	8.53B
Gross Profit	13.16B	13.23B	11.82B	8.44B	6.78B	4.87B
EBITDA	979.42M	1.99B	0.00	1.44B	-1.08B	271.23M
Net Income	801.85M	1.15B	2.16B	776.91M	-930.32M	118.55M
Balance Sheet
Total Assets	160.59B	156.14B	123.78B	98.61B	81.80B	67.12B
Cash, Cash Equivalents and Short-Term Investments	14.31B	17.09B	11.80B	8.33B	9.78B	5.93B
Total Debt	22.84B	27.10B	36.54B	27.65B	33.81B	24.70B
Total Liabilities	140.98B	136.87B	105.73B	82.76B	66.75B	51.15B
Stockholders Equity	19.61B	19.27B	18.05B	15.85B	15.05B	15.97B
Cash Flow
Free Cash Flow	0.00	-16.59B	3.27B	-1.90B	-4.38B	-8.96B
Operating Cash Flow	0.00	-14.82B	3.83B	-977.00M	-3.47B	-8.76B
Investing Cash Flow	0.00	-10.59B	-2.63B	-2.66B	-1.58B	-2.80B
Financing Cash Flow	0.00	30.71B	22.89B	15.26B	14.79B	9.15B

Suryoday Small Finance Bank Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAPITALSFB	72 Outperform	₹11.92B	8.78	―	1.97%	13.76%	11.77%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JSFB	62 Neutral	₹43.65B	10.59	―	―	13.36%	-50.07%
UJJIVANSFB	60 Neutral	₹115.05B	27.55	―	2.82%	6.15%	-64.12%
SURYODAY	57 Neutral	₹15.09B	23.14	―	―	―	―
ESAFSFB	45 Neutral	₹13.24B	-2.24	―	2.64%	-8.71%	-2192.08%
UTKARSHBNK	45 Neutral	₹25.46B	-2.47	―	2.82%	2.35%	-261.81%

Suryoday Small Finance Bank Limited Corporate Events

Suryoday Small Finance Bank Gains RBI Approval for Stake Acquisition by 1729 Capital

Suryoday Small Finance Bank Limited has received approval from the Reserve Bank of India (RBI) for 1729 Capital and its associates to acquire up to 9.99% of the bank’s paid-up share capital or voting rights. This approval is contingent upon compliance with various financial regulations, including the Banking Regulation Act and the Foreign Exchange Management Act. The acquisition is significant as it reflects confidence in the bank’s operations and could impact its market positioning by potentially increasing its capital base.

Suryoday Small Finance Bank Engages Institutional Investors in Mumbai Meeting

Suryoday Small Finance Bank Limited held a meeting with institutional investors on November 11, 2025, in Mumbai. The discussions adhered to the bank’s code of conduct, focusing on publicly available information, ensuring compliance with fair disclosure norms. This meeting is part of the bank’s ongoing efforts to maintain transparency and engage with stakeholders, potentially impacting its market positioning and investor relations.

Suryoday Small Finance Bank Schedules Investor Meeting to Enhance Transparency

Suryoday Small Finance Bank Limited has announced an upcoming meeting with institutional investors, scheduled for November 11, 2025, in Mumbai. Hosted by InCred Capital, the meeting aims to discuss publicly available information about the bank’s operations and strategies, with no unpublished price-sensitive information to be disclosed. This engagement reflects the bank’s commitment to transparency and investor relations, potentially impacting its market positioning and stakeholder confidence.

Suryoday Small Finance Bank Secures RBI Approval for CEO Remuneration

Suryoday Small Finance Bank Limited announced that it has received approval from the Reserve Bank of India for the revised remuneration package for its Managing Director & CEO. This approval, which aligns with shareholder decisions made at the recent AGM, includes adjustments to both fixed and variable pay for the specified financial years. This development is significant for the bank’s governance and operational transparency, potentially impacting its leadership stability and stakeholder confidence.

Suryoday Small Finance Bank Appoints New Chief People Officer

Suryoday Small Finance Bank Limited has announced the appointment of Mr. Pankaj Gulati as the Chief People Officer and Head of Corporate Social Responsibility, effective October 23, 2025. Mr. Gulati brings over two decades of experience in the banking, finance, and insurance sectors, having worked with prominent institutions, which is expected to strengthen the bank’s human resources and CSR initiatives.

Suryoday Bank Secures RBI Approval for Executive Director’s Revised Remuneration

Suryoday Small Finance Bank Limited announced that it has received approval from the Reserve Bank of India for the revised remuneration of its Whole-time Director. This approval, following the bank’s Annual General Meeting, allows for adjustments in both fixed and variable pay, aligning with shareholder-approved limits. The decision reflects regulatory compliance and supports the bank’s governance framework, potentially impacting its operational management and stakeholder confidence.

RBI Approves Re-appointment of Suryoday Bank’s MD & CEO

Suryoday Small Finance Bank Limited has received approval from the Reserve Bank of India for the re-appointment of Mr. Baskar Babu Ramachandran as the Managing Director and Chief Executive Officer for another three-year term starting January 23, 2026. This decision ensures continuity in leadership, which is crucial for the bank’s strategic goals and stability in the competitive financial services sector.

Suryoday Small Finance Bank Confirms Compliance with SEBI Regulations

Suryoday Small Finance Bank Limited has announced the submission of a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending September 30, 2025. The certificate, issued by KFin Technologies Limited, confirms that no requests for dematerialization or re-materialization of shares were received during this period. This announcement underscores the bank’s compliance with regulatory requirements, potentially strengthening its credibility and operational transparency in the financial market.