9 companies · ₹1.0 L cr · 9 with AI deep dives · Q1FY27 report
SFB recovery firms as MFI stress clears, but cost-of-funds tailwind is spent and deposit competition returns
Sept 26: 2 of 9 reported so far, so it is not in the trend above.
Breadth: 100% of 9 companies grew revenue year on year (was 89% a quarter earlier).
The median name trades at 10.6x, -26.7% against this industry's own 5-year median of 14.5x, and -69.4% against its own peak of 34.7x.
AU Small Finance Bank Ltd is 69.6% of this industry by market cap. The top 5 are 94.4% and the top 10 are 100%.
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
Six banks explicitly reported a rising share of secured advances as a strategic imperative, reducing dependence on high-slippage unsecured/JLG books. Secured shares ranged from…
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →| 9.4x |
| 1.4x |
| 7.4% |
| 2.2% |
| +28.0% |
| Unlock |
| Equitas Small Finance Bank Ltd | ₹7,335 cr | 14.3x | 1.2x | 6.2% | 2.7% | +18.9% | Unlock |
| Jana Small Finance Bank Ltd | ₹4,044 cr | 8.5x | 0.8x | 6.2% | 2.5% | +21.6% | Unlock |
| Utkarsh Small Finance Bank Ltd | ₹2,100 cr | - | 0.8x | 5.5% | 9.3% | +0.3% | Unlock |
| ESAF Small Finance Bank Ltd | ₹1,958 cr | - | 1.1x | 7.2% | 6.2% | +32.6% | Unlock |
| Suryoday Small Finance Bank Ltd | ₹1,381 cr | 7.2x | 0.7x | 6.2% | 6.4% | +25.7% | Unlock |
| Capital Small Finance Bank Ltd | ₹1,185 cr | 7.8x | 0.8x | 4.1% | 2.6% | +16.6% | Unlock |
| Fino Payments Bank Ltd | ₹994 cr | 47.4x | 1.2x | 3.0% | - | +18.4% | Unlock |