Is Utkarsh Small Finance Bank a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Utkarsh Small Finance Bank Ltd is a good quality company .

Is Utkarsh Small Finance Bank undervalued or overvalued?

The key valuation ratios of Utkarsh Small Finance Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Utkarsh Small Finance Bank share price return in the past 10 years?

Data is not available for this company

Is Utkarsh Small Finance Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Utkarsh Small Finance Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Utkarsh Small Finance Bank?

The latest standalone P/E ratio of Utkarsh Small Finance Bank as of 30-Dec-2024 is 8.20.

What is the P/B ratio of Utkarsh Small Finance Bank?

The latest standalone P/B ratio of Utkarsh Small Finance Bank as of 30-Dec-2024 is 1.22.

What is the 52-week high and low of Utkarsh Small Finance Bank?

The 52-week high of Utkarsh Small Finance Bank is Rs. 68.23 and the 52-week low is Rs. 34.50.

Utkarsh Small Finance Bank Ltd - Stock Valuation and Financial Performance

Name: Utkarsh Small Finance Bank
Brand: Utkarsh Small Finance Bank

BSE: 543942 | NSE: UTKARSHBNK | Bank - Private | Small Cap

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Utkarsh Small Fin. Share Price

₹34.49 -0.07 -0.20%
as on 30-Dec'24 16:59

10 Year X-Ray of Utkarsh Small Fin.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	0	0	42.6	267	499	728	839	1,061	1,529	1,886	2,154
YoY Gr. Rt. %	-	NA	NA	527.8%	86.5%	46%	15.3%	26.4%	44.1%	23.3%	-
Total Income	0	0	90.2	562	939	1,406	1,725	2,034	2,804	3,579	4,065
YoY Gr. Rt. %	-	NA	NA	522.9%	67.1%	49.7%	22.7%	17.9%	37.9%	27.6%	-
Adj EPS (₹ )	0	0	0.2	-1.3	1.3	2.5	1.3	0.7	4.5	4.5	4.2
YoY Gr. Rt. %	-	NA	NA	-937.5%	NA	93.7%	-46.3%	-47.7%	555.1%	0.2%	-
BVPS (₹ )	0	0	10.2	8.8	10.5	13.4	16.1	17.5	22.1	26.9	28.4
YoY Gr. Rt. %	-	NA	NA	-13.8%	19.6%	28.2%	20.1%	8.4%	26.5%	21.3%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	0	0	0.2	-1.8	1.7	2.4	1	0.5	2.4	2.3	1.8
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0	0	0	1.1	0.1	0.2	1.3	2.3	0.4	0	0.9
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	NA	30.5%	31%	23.3%
Total Income	NA	30.7%	27.5%	27.6%
Adj EPS	NA	29%	50.8%	0.2%
BVPS	NA	20.7%	18.5%	21.3%
Share Price	-	-	-	-36%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	0	0	96.32	92.22	93.82	92.99	91.64	90.91	89.33	88.81	89.9
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	0	0	1.7	6.2	8.3	8	7.2	7.3	8.3	8.2	8.2
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	0	0	1.6	-17.6	15.9	20.8	9.4	4.2	22.8	20.2	14.9
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	0	0	3.4	5.3	10	13.5	17.7	22.4	20.9	20.5	-

Recent Performance Summary

Total Income has increased 27.54 CAGR in last 3 years

Net Profit has increased 50.84 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Return on Equity has declined versus last 3 years average to 15.30%

Total income growth is poor in last 4 quarters

Latest Financials - Utkarsh Small Finance Bank Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.2	-
TTM Sales (₹ Cr.)	3,654	-
BVPS (₹.) ⓘ	28.4	-
Reserves (₹ Cr.) ⓘ	2,024	-
P/BV ⓘ	1.22	-
PE ⓘ	8.20	-

From the Market
52 Week Low / High (₹)	34.50 / 68.23
All Time Low / High (₹)	34.65 / 68.23
Market Cap (₹ Cr.)	3,807
Equity (₹ Cr.)	1,101.6
Face Value (₹)	10
Industry PE ⓘ	17.9

Management X-Ray of Utkarsh Small Fin.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Utkarsh Small Fin.

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Utkarsh Small Fin.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	90	562	939	1,406	1,725	2,034	2,804	3,579
Interest Income	87	518	881	1,308	1,581	1,849	2,505	3,178
Other Income ⓘ	3	44	58	99	144	185	299	400
Expenditure	85	625	845	1,219	1,613	1,972	2,400	3,081
Interest Expense	44	251	382	579	742	788	976	1,293
Operating Expenses	35	236	326	476	545	734	990	1,289
Provisions	6	139	137	164	327	450	434	500
Profit Before Tax	7	-95	150	249	151	80	536	659
Taxes	2	-32	56	62	40	18	131	162
Profit After Tax	5	-63	94	187	112	61	405	498
Adjusted EPS (₹)	0.16	-1.34	1.27	2.46	1.32	0.69	4.51	4.53
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	11%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	300	470	737	759	848	896	896	1,099
Total Reserves ⓘ	5	-58	36	260	520	670	1,086	1,852
Minority Interest	0	0	0	0	0	0	0	0
Deposits	19	2,194	3,791	5,235	7,508	10,074	13,710	17,473
Borrowings ⓘ	2,289	1,789	1,430	2,675	2,608	2,572	2,349	1,995
Other Liabilities	63	129	245	475	654	852	1,075	1,483
Total Liabilities ⓘ	2,675	4,524	6,239	9,404	12,138	15,064	19,117	23,903
Assets
Balance with RBI	42	206	158	192	275	1,798	1,192	1,247
Balance with Banks	150	363	359	1,422	895	74	1,324	1,781
Investments ⓘ	729	661	862	1,192	2,314	2,348	2,859	3,679
Advances	1,594	3,102	4,668	6,282	8,217	10,228	13,069	16,365
Net Block ⓘ	16	87	87	110	125	286	301	301
Other Assets	139	105	102	185	256	330	369	519
Total Assets ⓘ	2,675	4,524	6,239	9,404	12,138	15,064	19,117	23,903

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	15	905	218	115	-83	1,329	1,573	991
Cash Flow From Investing Activity ⓘ	-471	-199	-176	-322	-532	-739	-693	-620
Cash Flow From Financing Activity ⓘ	514	-330	-94	1,304	172	111	-235	140
Net Cash Flow ⓘ	59	377	-52	1,097	-444	702	645	511

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	0	-1	1	2	1	1	5	5
DPS (₹)	0	0	0	0	0	0	0	1
BVPS (₹)	10	9	10	13	16	17	22	27
Margin Ratios
Yield on Advances (%)	5.5	16.7	18.9	20.8	19.2	18.1	19.2	19.4
Yield on Investments (%)	1.5	5.8	6.9	8.0	7.1	6.5	5.2	5.7
Cost of Liabilities (%)	1.9	6.3	7.3	7.3	7.3	6.2	6.1	6.6
NIM (%)	1.7	6.2	8.3	8.0	7.2	7.3	8.3	8.2
Interest Spread (%)	3.5	10.4	11.6	13.5	11.9	11.8	13.1	12.8
Performance Ratios
ROA (%)	0.2	-1.8	1.7	2.4	1.0	0.5	2.4	2.3
ROE (%)	1.6	-17.6	15.9	20.8	9.4	4.2	22.8	20.2
ROCE (%)	2.0	4.1	13.6	14.1	10.8	7.2	17.1	17.8
Efficiency Ratios
Cost to Income Ratio (%)	76.0	75.7	58.6	57.6	55.4	58.9	54.2	56.4
Operating Costs to Assets (%)	1.3	5.2	5.2	5.1	4.5	4.9	5.2	5.4
Valuation Parameters
Price/Book(x)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.8

Utkarsh Small Finance Bank Ltd Stock News

Utkarsh Small Finance Bank Ltd FAQs

What is the share price of Utkarsh Small Fin.?

Company share prices are keep on changing according to the market conditions. The closing price of Utkarsh Small Fin. on 30-Dec-2024 16:59 is ₹34.49.

What is the market cap of Utkarsh Small Fin.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Dec-2024 16:59 the market cap of Utkarsh Small Fin. stood at ₹3,807.1.

What is the P/E ratio of Utkarsh Small Fin.?

The latest P/E ratio of Utkarsh Small Fin. as of 30-Dec-2024 16:59 is 8.20.

What is the P/B ratio of Utkarsh Small Fin.?

The latest P/B ratio of Utkarsh Small Fin. as of 30-Dec-2024 16:59 is 1.22.

What is the 52-week high and low of Utkarsh Small Fin.?

The 52-week high of Utkarsh Small Fin. is ₹68.23 and the 52-week low is ₹34.50.

What is the TTM revenue of Utkarsh Small Fin.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Utkarsh Small Fin. is ₹3,654 ( Cr.) .

About Utkarsh Small Finance Bank Ltd

Utkarsh CoreInvest Limited, its Promoter was granted the RBI In-Principle Approval to establish an SFB on October 7, 2015. The Bank was incorporated as ‘Utkarsh Small Finance Bank Limited’ on April 30, 2016 at Varanasi, Uttar Pradesh, as a public limited company under the Companies Act, 2013 and was granted a certificate of incorporation by the Registrar of Companies, Central Registration Centre. The Bank was thereafter granted the RBI Licence to carry on business as an SFB on November 25, 2016.

It is led by its Managing Director and chief executive officer, Mr Govind Singh, who has many years of experience in the banking and financial services sector. Its Board comprises of individuals having diverse experience across industries and its Independent Directors provide strategic guidance to help improve and grow its operations. Its senior management team has significant experience in the banking and financial services industry.

It is an SFB in India and recorded the fastest Gross Loan Portfolio. Its Promoter, Utkarsh CoreInvest Limited, commenced its operations as a NBFC in Fiscal 2010 and was focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar. Its headquarters located in Varanasi, Uttar Pradesh and has over the years expanded its SFB operations strategically in States where it have been able to leverage the prior microfinance experience of Utkarsh CoreInvest Limited. On October 7, 2015, Utkarsh CoreInvest Limited received the RBI In-Principle Approval to establish an SFB, following which it incorporated Utkarsh Small Finance Bank Limited as a wholly-owned subsidiary on April 30, 2016. Subsequent to it obtaining the RBI Licence on November 25, 2016, to establish and carry-on business as an SFB, Utkarsh CoreInvest Limited transferred its business of providing microfinance, as a going concern to its Bank, which commenced its operations from January 23, 2017. It was included in the second schedule to the RBI Act as a scheduled commercial bank pursuant to a notification dated October 4, 2017 issued by the RBI and published in the Gazette of India (Part III - Section 4) dated November 7, 2017.

Business area of the Bank

The Bank engaged in providing banking and financial services.

Products of the Bank

Accounts
Cards
Term Deposits
Loans
Insurance & Investments
Remittance

Awards and accreditations

2018: Award for ‘Implementing Outstanding Initiatives’ in the category of Effective Grievance Redressal Systems at the MFIN Microfinance Awards
2018: In Pursuit of Excellence.
2019: Winner in the category of ‘Descriptions of Social Impact Initiatives’ at the 5th Eastern India Microfinance Summit 2019.
2019: Excellence award at the MiNE India 2019: Microfinance & NBFCs Exhibition cum Conference.
2021: Recognition as the ‘Best Brand 2021’ by The Economic Times.
2021: Ranked 3rd in the AmbitionBox Best Places to Work in India 2021 in the Medium Banking Companies Category.
2021: Recognition as ‘Best Bank’ in the small finance bank category for Fiscal 2020 by the 25th BTKPMG annual survey.
2022: Recognition as ‘Paragon of Branding Excellence’ and award for ‘Brand of the Year 2022’ by Marksmen Daily.
2022: Award for ‘Best IT Risk and Cyber Security Initiatives’ at the Indian Banks’ Association Banking Technology Awards 2021.
2022: Recognition by Fortune India as ‘Next 500 Companies 2022’.
2022: Recognition as one of the ‘Promising Brands 2022’ by Economic Times.
2022: Ranked 3rd in Best Financiers in India - under the Small Finance Banks category, ranked 3rd by Fortune India for Fiscal 2021 and nine months ended December 31, 2021.
2022: Special award in the payments and small finance banks category for Best IT Risk Management at the 18th Indian Banking Association Annual Banking Technology Conference and Awards 2021-22.
2022: Exemplary award of par excellence from the PFRDA for ‘Beat the Best & Be the Best’ (May 9 - June 30, 2022).
2022: Awarded the ‘Exemplary Performance Award’ for integrated water management under GRIHA rating by GRIHA Council.
2022: Recognition as ‘2nd Best Bank’ in the small finance bank category for Fiscal 2022 by the 27th BT- KPMG survey of India’s best banks and fintech companies.

History and milestones

2017: Commenced its banking operations.
2017: Launched its mobile banking and internet banking facilities.
2018: Launched its wholesale lending business and personal loans.
2018: Launched its asset business through business correspondents.
2018: Its deposit base crossed Rs 20,000 million.
2018: Its gross advances crossed Rs 30,000 million.
2018: Launched bancassurance business with partners.
2018: Increase in savings accounts and active loan clients to over 200,000 and 2,000,000 respectively.
2018: Launched bill payment services.
2019: Launched cashless disbursements for microfinance loans.
2019: Conversion of microfinance branches to Banking Outlets.
2020: Its deposit base crossed Rs 50,000 million.
2020: It crossed 500 banking outlets.
2020: Launched micro-banking business and two-wheeler loans.
2020: Its customer base crossed 2.50 million.
2021: Launched digital on-boarding of accounts.
2021: Launched non-fund based facility and working capital loans.
2022: Opened branches in Andhra Pradesh, Tamil Nadu, Karnataka and Kerala.
2022: Launch of green PIN initiative at Micro ATMs as replacement for physical PIN mailers.
2022: Launch of white label payment gateway.
2022: Launch of collection current account and escrow bank account products.
2022: Launch of Utkarsh UPI application.
2022: It reached 686 banking outlets.
2022: Crossed one million debit card issuances.
2022: Appointed as corporate agent by Bharti AXA Life Insurance Company Limited, Kotak Mahindra General Insurance Company Limited and Aditya Birla Health Insurance Company Limited for soliciting insurance policies.
2022: Launched brown label ATM services.
2022: On-boarded Finnable Technologies Private Limited as a business correspondent.
2022: Launched Atal Pension Yojana at its Bank.
2022: Its deposit base crossed Rs 100,000 million.
2022: Shifting of registered office to Utkarsh Tower, NH - 31 (Airport Road), Sehmalpur, Kazi Sarai, Harhua, Varanasi, 221 105, Uttar Pradesh, India, a
property owned by its Bank.
2023: Crossed 800,000 customers on-boarded through digital onboarding.
2023: Launch of ‘Utkarsh Gold Loan’, a secured gold loan product.
2023: Launch of UPI-LITE - on-device wallet functionality for UPI users.
2023: On-boarded Moneyboxx Finance Limited as a business correspondent.
2023: Appointed as corporate agent by Future Generali India Insurance Company Limited.
2023: Launch of facility for cashless disbursement of JLG loan to clients.
2023: Launch of facility for cashless collection of JLG loan instalments.
2023: Partnership with ICICI Securities Limited for 3-in-1 accounts comprising demat, online trading and savings account.
2023: Empanelment by Government of Chhattisgarh for deposit of government amounts in commercial banks.
2023: Empanelment by Government of Maharashtra for disbursement of salary and allowances to government employees and for providing pension to pensioners.