Equitas Small Finance Bank Ltd. (EQUITASBNK) AI Stock Analysis

• Market Cap: ₹82.87B
• Dividend Yield: 1.27%
• Average Volume (3M): 220.29K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.90
• Revenue Growth: 9.24%
• EPS Growth: N/A
• Country: IN
• Employees: 28,058
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 4.47
• Shares Outstanding: 1,143,932,100
• 10 Day Avg. Volume: 173,274
• 30 Day Avg. Volume: 220,288
• PEG Ratio: -1.90
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 7.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 6.78
• Revenue Forecast (FY): ₹54.14B

• Rating: 56 Neutral
• Price Target: ₹78.00 ▲(16.47% Upside)
• Action: Reiterated
• Date: 08/06/26

Positive Factors

Diversified retail & MSME lending model

Equitas operates a branch-led bank serving retail, micro and small enterprises across microfinance, vehicle, affordable housing and MSME loans. This diversified product mix and focus on underserved segments supports stable interest income, reduces single-segment concentration risk and enables cross-sell of deposits and fee services over the medium term.

Negative Factors

Severe margin compression

Net margin collapsing from double digits to ~1.3% represents a material deterioration in earnings quality. Such a drop reduces retained earnings, weakens capital accumulation, and limits the bank's ability to self-fund growth or absorb provisions. If sustained, profitability erosion undermines long‑term return on equity and strategic flexibility.

Equitas Small Finance Bank Ltd. Business Overview & Revenue Model

Company 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...

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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...

How the Company Makes Money

Equitas Small Finance Bank primarily makes money through interest-based income and fee-based income. (1) Net interest income: The bank’s core earnings come from the spread between interest earned on loans and investments and interest paid on custo...

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Equitas Small Finance Bank primarily makes money through interest-based income and fee-based income. (1) Net interest income: The bank’s core earnings come from the spread between interest earned on loans and investments and interest paid on custo...

Equitas Small Finance Bank Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	81.45B	78.68B	71.26B	61.58B	46.66B	39.34B
Gross Profit	41.80B	33.28B	40.66B	37.52B	30.48B	25.13B
EBITDA	6.70B	2.95B	3.47B	11.98B	8.53B	4.53B
Net Income	5.10B	1.03B	1.47B	7.99B	5.74B	2.81B
Balance Sheet
Total Assets	0.00	606.10B	528.36B	453.04B	349.58B	269.52B
Cash, Cash Equivalents and Short-Term Investments	0.00	56.66B	55.36B	35.79B	12.44B	21.33B
Total Debt	0.00	57.73B	21.37B	17.88B	73.89B	45.48B
Total Liabilities	-61.25B	544.86B	467.63B	393.35B	298.00B	227.06B
Stockholders Equity	61.25B	61.25B	60.73B	59.69B	51.58B	42.46B
Cash Flow
Free Cash Flow	0.00	7.76B	16.92B	34.70B	-12.63B	667.13M
Operating Cash Flow	0.00	9.69B	19.37B	38.34B	-9.98B	1.59B
Investing Cash Flow	0.00	-79.01B	-2.39B	-3.60B	-2.61B	-890.90M
Financing Cash Flow	0.00	70.72B	2.59B	-12.10B	601.13M	-13.17B

Equitas Small Finance Bank Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 66.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EQUITASBNK, the sentiment is Negative. The current price of 66.97 is below the 20-day moving average (MA) of 73.30, below the 50-day MA of 75.22, and below the 200-day MA of 68.66, indicating a neutral trend. The MACD of -0.69 indicates Negative momentum. The RSI at 46.04 is Neutral, neither overbought nor oversold. The STOCH value of 51.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EQUITASBNK.

Equitas Small Finance Bank Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JSFB	76 Outperform	₹56.12B	14.76	―	―	17.48%	-12.60%
UJJIVANSFB	68 Neutral	₹126.27B	13.86	―	3.38%	15.87%	70.88%
AUBANK	63 Neutral	₹780.54B	27.12	―	0.10%	14.96%	30.22%
EQUITASBNK	56 Neutral	₹82.87B	16.31	―	1.27%	9.24%	―
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ESAFSFB	53 Neutral	₹20.30B	-394.60	―	1.39%	10.82%	99.22%
UTKARSHBNK	38 Underperform	₹24.95B	-2.30	―	0.83%	-12.04%	-121.91%