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Equitas Small Finance Bank Limited (EQUITASBNK.NS)

INR79.89 -0.05 (-0.06%)
IN NSE Financial Services Banks - Regional
Address Spencer Plaza 600002
Chennai, TN, IN
CEO Pathangi Narasimhan Vasudevan
IPO 2020-11-02
ISIN INE063P01018

Explore sections of this company profile

Also trades on Bombay Stock Exchange · EQUITASBNK.BO (INR) National Stock Exchange of India · EQUITASBNK.NS (INR)
Description

Equitas Small Finance Bank Limited delivers a comprehensive suite of banking and financial services to a diverse clientele, including individual customers, corporate entities, and micro, small, and medium-sized enterprises (MSMEs). The institution's operations are structured across key segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The bank provides an array of deposit products, such as fixed, savings, salary, business, current, and TASC accounts. For borrowing needs, it extends various loan facilities, including those secured against property, gold, or homes, as well as financing for used cars, businesses, and MSMEs. Beyond traditional loans, Equitas also offers vehicle financing, merchant overdrafts, monitoring services for MSME loans, overdrafts against deposits, and specialized financing for agribusinesses. Complementing these are a suite of additional services: investment options, a variety of insurance products (general, life, and health), pension schemes, payment and collection solutions, retail foreign exchange, fund transfers, and debit cards. Accessibility is enhanced through online, mobile, and even doorstep banking services. The bank maintains a significant physical presence across India, operating 869 banking outlets and 339 ATMs. Established in 1993, originally known as Equitas Finance Limited, the institution is headquartered in Chennai, India, and operates as a subsidiary of Equitas Holdings Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR79.89 -0.05 (-0.06%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.40
Float Shares
1.03B
Free Float %
90.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.71% -8.17% +9.90% -1.41% +17.23% +7.81% +6.71% -12.03% +20.62% +107.04% +107.04%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
79.89
DCF (Levered) 49.91 -37.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 68% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 11 0
Hold 3 0
Sell 1 0
Strong Sell 2 0
Quality scores
Altman Z-Score
0.34
Distress
Piotroski F-Score
3 / 9
Average
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    +10.4% Q1'26: +18.6% (vs Q1'25)
  • EPS growth
    -30.2% Q1'26: +402.7% (vs Q1'25)
  • FCF margin
    Q1'26: +0.0% (vs Q1'25)
  • EBIT margin
    Q1'26: +13.2% (vs Q1'25)
  • ROIC
    Q1'26: +13.7% (vs Q1'25)
  • Share dilution
    +0.5% Q1'26: +0.5% (vs Q1'25)
  • Debt / EBITDA
    Q1'26: 5.18× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.41) × ERP
WACC = 57% × Ke + 43% × Kd (59.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 79.89
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
13 Rev. Ana.
13 EPS Ana.
Mar 2027
18 Rev. Ana.
18 EPS Ana.
Mar 2028
17 Rev. Ana.
17 EPS Ana.
Mar 2029
4 Rev. Ana.
5 EPS Ana.
Revenue
29.10B
est: 14.35B (+102.8%)
35.94B
est: 21.57B (+66.6%)
39.34B
est: 25.81B (+52.4%)
46.66B
est: 32.14B (+45.2%)
61.58B
est: 39.74B (+55.0%)
71.26B
est: 42.32B (+68.4%)
44.16B
43.83B – 44.65B
+4.4% YoY
53.25B
50.71B – 55.90B
+20.6% YoY
63.19B
59.72B – 66.71B
+18.7% YoY
74.12B
74.12B – 74.12B
+17.3% YoY
EBITDA
4.47B
est: 2.02B (+121.2%)
5.88B
est: 3.04B (+93.3%)
4.53B
est: 3.64B (+24.6%)
8.53B
est: 4.53B (+88.3%)
11.98B
est: 4.60B (+160.3%)
3.47B
est: 4.90B (-29.2%)
5.11B
5.07B – 5.17B
+4.4% YoY
6.16B
5.87B – 6.47B
+20.6% YoY
7.31B
6.91B – 7.72B
+18.7% YoY
8.58B
8.58B – 8.58B
+17.3% YoY
EBIT
3.51B
est: 1.73B (+102.6%)
5.11B
est: 2.60B (+96.3%)
3.78B
est: 3.12B (+21.3%)
7.69B
est: 3.88B (+98.1%)
10.63B
est: 3.80B (+180.0%)
1.99B
est: 4.04B (-50.8%)
4.22B
4.19B – 4.27B
+4.4% YoY
5.09B
4.85B – 5.34B
+20.6% YoY
6.04B
5.71B – 6.37B
+18.7% YoY
7.08B
7.08B – 7.08B
+17.3% YoY
Net Income
2.44B
est: 2.38B (+2.3%)
3.84B
est: 3.61B (+6.6%)
2.81B
est: 2.54B (+10.4%)
5.74B
est: 5.85B (-2.0%)
7.99B
est: 6.34B (+26.1%)
1.47B
est: 2.45B (-40.1%)
296.68M
276.53M – 316.84M
-87.9% YoY
7.17B
5.77B – 8.29B
+2,315.1% YoY
10.01B
8.31B – 10.93B
+39.6% YoY
12.70B
10.09B – 15.08B
+26.9% YoY
SGA
427.06M
est: 215.84M (+97.9%)
346.39M
est: 324.55M (+6.7%)
634.38M
est: 388.37M (+63.3%)
812.21M
est: 483.60M (+68.0%)
1.01B
est: 2.51B (-59.6%)
1.11B
est: 2.67B (-58.3%)
2.78B
2.76B – 2.81B
+4.4% YoY
3.36B
3.20B – 3.52B
+20.6% YoY
3.98B
3.77B – 4.21B
+18.7% YoY
4.67B
4.67B – 4.67B
+17.3% YoY
EPS
2.39
est: 2.09 (+14.4%)
3.53
est: 3.16 (+11.6%)
2.43
est: 2.23 (+8.9%)
4.71
est: 5.13 (-8.2%)
7.12
est: 5.64 (+26.3%)
1.29
est: 2.14 (-39.7%)
0.26
0.24 – 0.28
-87.9% YoY
6.24
5.04 – 7.24
+2,311.2% YoY
8.64
7.26 – 9.54
+38.5% YoY
11.05
8.81 – 13.17
+27.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-05-11 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-05-08 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-05-07 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-05-06 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-05-05 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-05-04 C+ 2/5 3/5 2/5 2/5 2/5 1/5 3/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
134.40M
OE per share TTM
0.13
Owner's Yield
0.17%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
8.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 11 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 109.7K 0.26%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 48.6K 0.48%
3 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L 0.00% 14.6K 0.24%
4 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 14.6K 0.24%
5 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 8.7K 0.22%
6 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 26.2K 0.22%
7 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 14.1K 0.22%
8 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 6.2K 0.22%
9 Vanguard Conservative ETF Portfolio VCNS.TO 0.00% 717.11 0.22%
10 Vanguard Retirement Income ETF Portfolio VRIF.TO 0.00% 235.64 0.31%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
56.1K
Shares Outstanding
1.14B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pathangi Narasimhan Vasudevan MD, Chief Executive Officer & Director 31M male
Sridharan Nanuiyer Chief Financial Officer 24M male
Ramanathan Company Secretary & Compliance Officer 5M male
Balaji Nuthalapadi Executive Director of Technology & Operations and Executive Wholetime Director 190.0K male
Siby Sebastian President & Head of Operations male
Vignesh Murali Head of Brand, Marketing & Corporate Communications male
Ashwini Biswal Chief Compliance Officer male
Vivek Dhavale Chief Technology Officer male
Pallab Mukherji Chief People Officer male
S. Sethupathy Head of Process & Quality Assurance male
Sibi Chief Risk Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits