Utkarsh Small Finance Bank Limited (IN:UTKARSHBNK)
:UTKARSHBNK
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Utkarsh Small Finance Bank Limited
(UTKARSHBNK)
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Rating:41Neutral
Price Target:
₹10.00
▼(-30.12% Downside)
Action:ReiteratedDate:03/20/26
Score is driven primarily by weak financial performance (sharp revenue/profitability deterioration and negative operating/free cash flow). Technicals add further pressure with a clear downtrend and negative momentum signals. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Core lending + fee-based banking model
A durable retail/microfinance deposit-to-loan model with diversified income (net interest income plus fees) supports steady core earnings over time. Serving underserved segments creates persistent loan demand and fee opportunities that sustain net interest margins and cross-sell potential.
Negative Factors
Sharp revenue and margin deterioration
A 43% revenue drop and collapse in net margin to ~1.4% signals structural stress in core lending or fee income, reducing ability to cover fixed costs and reinvest. Persisting at this level would impair growth plans, capital accumulation, and competitive positioning over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Core lending + fee-based banking model
A durable retail/microfinance deposit-to-loan model with diversified income (net interest income plus fees) supports steady core earnings over time. Serving underserved segments creates persistent loan demand and fee opportunities that sustain net interest margins and cross-sell potential.
Read all positive factors
Utkarsh Small Finance Bank Limited (UTKARSHBNK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.26B
Dividend Yield2.82%
Average Volume (3M)1.67M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth2.35%
EPS Growth-261.81%
CountryIN
Employees16,081
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)-2.10
Shares Outstanding1,779,523,700
10 Day Avg. Volume665,369
30 Day Avg. Volume1,665,602
Financial Highlights & Ratios
PEG Ratio-1.10
Price to Book (P/B)0.83
Price to Sales (P/S)0.57
P/FCF Ratio-0.73
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)1.4
Revenue Forecast (FY)₹26.94B
Utkarsh Small Finance Bank Limited Business Overview & Revenue Model
Company Description
Utkarsh Small Finance Bank Limited provides banking and financial services in India. The company offers savings account, fixed, recurring, and tax saver fixed deposits; debit, credit, and other cards; home, LAP retail, personal, gold, and other lo...
How the Company Makes Money
Utkarsh Small Finance Bank primarily makes money through (1) interest income from lending and investing and (2) fee and other non-interest income from providing banking services.
1) Net interest income (core earnings): The bank accepts deposits (...
Utkarsh Small Finance Bank Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.60B | 43.65B | 35.79B | 28.04B | 20.34B | 17.06B |
| Gross Profit | 22.71B | 26.22B | 22.86B | 18.28B | 12.46B | 9.64B |
| EBITDA | -10.11B | 1.04B | 7.25B | 5.94B | 1.21B | 1.81B |
| Net Income | -7.53B | 237.00M | 4.98B | 4.05B | 614.62M | 1.12B |
Balance Sheet | ||||||
| Total Assets | 273.84B | 281.27B | 239.03B | 191.17B | 150.64B | 121.38B |
| Cash, Cash Equivalents and Short-Term Investments | 38.33B | 34.37B | 30.27B | 25.16B | 18.72B | 11.70B |
| Total Debt | 19.58B | 23.55B | 61.96B | 61.03B | 54.33B | 48.40B |
| Total Liabilities | 249.90B | 251.53B | 209.29B | 171.17B | 134.91B | 107.70B |
| Stockholders Equity | 23.94B | 29.75B | 29.73B | 20.00B | 15.72B | 13.68B |
Cash Flow | ||||||
| Free Cash Flow | 26.09B | -33.76B | 10.41B | 14.97B | 11.82B | -1.63B |
| Operating Cash Flow | 26.94B | -32.18B | 11.11B | 15.73B | 13.29B | -834.63M |
| Investing Cash Flow | -17.82B | -7.77B | -6.20B | -6.93B | -7.39B | -5.32B |
| Financing Cash Flow | -5.15B | 44.04B | 39.02B | 34.01B | 26.78B | 1.72B |
Utkarsh Small Finance Bank Limited Technical Analysis
Neutral
14.31
Price Trends
13.00
Positive
14.17
Negative
16.50
Negative
Market Momentum
-0.26
Negative
58.26
Neutral
93.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UTKARSHBNK, the sentiment is Neutral. The current price of 14.31 is above the 20-day moving average (MA) of 11.89, above the 50-day MA of 13.00, and below the 200-day MA of 16.50, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 58.26 is Neutral, neither overbought nor oversold. The STOCH value of 93.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:UTKARSHBNK.
Utkarsh 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 | ₹11.84B | 8.67 | ― | 1.97% | 13.76% | 11.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | ₹16.82B | 18.43 | ― | ― | -6.03% | -100.77% | |
56 Neutral | ₹67.65B | 19.93 | ― | 1.63% | 10.02% | -120.18% | |
51 Neutral | ₹14.35B | 10.24 | ― | ― | ― | ― | |
46 Neutral | ₹114.39B | 13.80 | ― | 2.82% | 6.15% | -64.12% | |
41 Neutral | ₹23.26B | -1.76 | ― | 2.82% | 2.35% | -261.81% |
* Financial Sector Average
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
13.07
-6.96
-34.75%
IN:ARMANFIN
Arman Financial Services Limited
1,600.10
181.40
12.79%
IN:CAPITALSFB
Capital Small Finance Bank Limited
260.60
-7.51
-2.80%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
59.29
1.68
2.92%
IN:SURYODAY
Suryoday Small Finance Bank Limited
135.05
19.30
16.67%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
58.88
19.12
48.09%
Utkarsh Small Finance Bank Limited Corporate Events
Utkarsh Small Finance Bank Offloads Over ₹1,490 Crore of Stressed MFI Loans to ARCs
Mar 31, 2026
Utkarsh Small Finance Bank has completed the transfer of two pools of unsecured stressed microfinance (MFI) loans, comprising non-performing and written-off accounts, to asset reconstruction companies after a Swiss Challenge process. The first poo...
Utkarsh Small Finance Bank Holds NCLT-Directed Shareholders’ Meet on CoreInvest Amalgamation
Mar 28, 2026
Utkarsh Small Finance Bank convened a National Company Law Tribunal-ordered meeting of its equity shareholders on March 28, 2026, via video conferencing to consider a scheme of amalgamation between Utkarsh CoreInvest Limited and the bank. The meet...
Utkarsh Small Finance Bank Holds NCLT-Convened Creditors’ Meet on CoreInvest Amalgamation
Mar 28, 2026
Utkarsh Small Finance Bank Limited convened a meeting of its unsecured creditors on March 28, 2026 via video conferencing, as directed by the National Company Law Tribunal, Allahabad Bench, in connection with a proposed scheme of amalgamation with...
Utkarsh Small Finance Bank to Sell Over ₹1,490 Crore of Stressed Microfinance Loans to ARC
Mar 26, 2026
Utkarsh Small Finance Bank Limited has approved the sale of two pools of non-performing and written-off unsecured microfinance loans to an asset reconstruction company, aiming to clean up its stressed asset book. The first pool has an aggregate pr...
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.