Equitas Small Finance Bank Limited
ESFB is a Chennai-headquartered SFB, which commenced its banking operations on September 05, 2016. Post its initial public offering (IPO) in October 2020, the bank was listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The b...
Key Metrics
EPS
7.04
Current ratio
0.10
Debt/Equity
6.35
Debt/EBITDA
31.66
Interest coverage ratio
-
Operating Cashflow to total debt
0.11
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Long track record of operations in diversified asset classes
Comfortable capitalisation levels
Improving deposit franchise; improvement seen in CD ratio in FY24
Diversified product profile
Liquidity: Adequate
Cons
Regional concentration of loan portfolio
Asset quality witnessed improvement in FY24; however the same continues to remain moderate due to marginal credit profile of borrowers
Profitability witnessed improvement in FY24; however, witnessed moderation in Q1FY25 with increased provisions
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About Equitas Small Finance Bank Limited bond.
This comprehensive profile covers key factual information about EQUITAS SMALL FINANCE BANK LIMITED. ESFB is a Chennai-headquartered SFB, which commenced its banking operations on September 05, 2016. Post its initial public offering (IPO) in October 2020, the bank was listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The bank completed the amalgamation process of Equitas Holdings Limited with Equitas in February 2023. ESFB is currently focussed on the retail banking business with focus on MF, VF, HF, business loans, loan-against-property (LAP), and providing financing solutions for individuals and MSEs that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all. As on June 30, 2024, the bank had a network of 969 banking outlets, with deposits of ₹37,524 crore and advances of ₹34,871 crore. EPS in Mar-2024 was 7.04. Current ratio in Mar-2024 was 0.10. Debt/Equity in Mar-2024 was 6.35. Debt/EBITDA in Mar-2024 was 31.66. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.11. Total revenue for Mar-2025(E) was ₹6822.84. Net income for Mar-2025(E) stood at ₹2129.63. Total assets as of Mar-2024 were ₹45,318.80. Operating cash flow for Mar-2024 was ₹4,297.88. Peers and comparison entities consist of EQUITAS SMALL FINANCE BANK LIMITED, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Long track record of operations in diversified asset classes; Comfortable capitalisation levels; Improving deposit franchise; improvement seen in CD ratio in FY24; Diversified product profile; Liquidity: Adequate. Key risks include: Regional concentration of loan portfolio; Asset quality witnessed improvement in FY24; however the same continues to remain moderate due to marginal credit profile of borrowers; Profitability witnessed improvement in FY24; however, witnessed moderation in Q1FY25 with increased provisions . Leadership team details include Anil Kumar Sharma (Part Time Chairman & Non-Executive Independent Director), Arcot Sravanakumar (President), Arun Kumar Verma (Independent Non-Executive Director), Ashwini Biswal (Chief Compliance Officer), Dheeraj Mohan (Head), Geeta Dutta Goel (Independent Non-Executive Director), Gulshan Rai (Independent Non-Executive Director), John Alex (Head), K S Sampath (Additional Non Executive Independent Director), Murali Vaidyanathan (Business Head), N R Narayanan (Additional Non ExecutiveIndependent Director), N Ramanathan (Company Secretary & Compliance Officer), N Sridharan (Chief Financial Officer), Narayanaswamy Balakrishnan (Independent Non-Executive Director), Natarajan Muthusubramanian (Head - Treasury), Navin Avinashchander Puri (Independent Non-Executive Director), P M Sibi (Chief Risk Officer), Pallab Mukherji (Chief People Officer), Ramesh Rangan (Independent Non-Executive Director), Ramkumar Krishnaswamy (Additional Non Executive Independent Director), Samir Kumar Barua (Independent Non-Executive Director), Sethupathy S (Head), Siby Sebastian (Head), V S Sivapprakash (Head), Vasudevan Pathangi Narasimhan (Managing Director & CEO), Vignesh Murali (Head), Vinod Kumar Sharma (Independent Non-Executive Director), Vivek Dhavale (Chief Technology Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.