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History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Equitas Small Finance Bank Limited (The Bank) is a Small Finance Bank. The Bank offers banking products and services to customer segments including individuals with limited access to formal financing channels, as well as affluent and mass affluent, Small & Medium Enterprises…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection.
Equitas Small Finance is scored on the bank / lender framework. It keeps a thin 1.3% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 18%/yr and profit at -44%/yr. Book value has grown 6%/yr. Return on equity is a modest 10.8%. In the latest quarter profit grew 19% versus the prior quarter.
At 61× earnings, the stock sits at the 85th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price asks for only ~-2%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 8.88 | 10.03 | better |
| P/B | 0.95 | 1.4 | better |
| ROE | 10.75 | 9.98 | better |
| ROA | 0.18 | 0.92 | worse |
| NIM | 5.98 | 4.25 | better |
| Net NPA | 0.72 | 0.79 | better |
| CASA | 26 | 30.48 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HDFC Bank | 14.5 | 2.0 | 13.8% |
| Icici Bank | 17.9 | 2.9 | 16.0% |
| SBI | 10.0 | 1.5 | 13.8% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 18% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (18% vs -44%) — costs are rising faster than the top line.
Operating margin has compressed from 16% to 2% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -42% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 6% sequentially — momentum is building. Run-rate stepping up — recent quarters average 12% above earlier ones.
Profit jumped 19% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (5% → 9%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.