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Utkarsh Small Finance Bank Limited
(UTKARSHBNK)
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Rating:47Neutral
Price Target:
₹15.00
▲(4.82% Upside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by weak financial performance, with a sharp deterioration in profitability and cash generation in FY2025–FY2026. Technicals are moderately supportive (positive momentum and price above key shorter-term averages) but show signs of being stretched, while valuation signals are constrained by loss-making results and no provided dividend yield.
Positive Factors
Focused retail / underbanked franchise
A persistent focus on underbanked retail customers supports durable deposit gathering and granular, relationship-driven lending. That franchise yields more stable low-ticket deposits, cross-sell opportunities and structural growth as financial inclusion deepens in India, supporting NII over time.
Negative Factors
Recent large net loss and margin collapse
A material move from strong prior profits to a large net loss signals structural pressures on core lending margins or elevated credit costs. Persistent losses reduce earnings power, hinder reinvestment in the franchise, and raise uncertainty about recovery of long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused retail / underbanked franchise
A persistent focus on underbanked retail customers supports durable deposit gathering and granular, relationship-driven lending. That franchise yields more stable low-ticket deposits, cross-sell opportunities and structural growth as financial inclusion deepens in India, supporting NII over time.
Read all positive factors
Utkarsh Small Finance Bank Limited (UTKARSHBNK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.84B
Dividend Yield0.83%
Average Volume (3M)483.51K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth-12.04%
EPS Growth-121.91%
CountryIN
Employees18,400
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)-6.35
Shares Outstanding1,779,523,700
10 Day Avg. Volume854,907
30 Day Avg. Volume483,511
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.51
Price to Sales (P/S)0.37
P/FCF Ratio-8.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.97
Revenue Forecast (FY)₹25.86B
Utkarsh Small Finance Bank Limited Business Overview & Revenue Model
Company Description
Utkarsh Small Finance Bank Limited is an Indian financial institution delivering a comprehensive suite of banking and financial offerings. Its services cater to individual clients with diverse deposit accounts like savings, fixed, recurring, and t...
How the Company Makes Money
Utkarsh Small Finance Bank primarily makes money through core banking activities: (1) Net interest income (NII): The bank raises funds mainly via customer deposits (savings, current, and term deposits) and lends these funds through various loan pr...
Utkarsh Small Finance Bank Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.60B | 38.10B | 43.65B | 35.79B | 28.04B | 20.34B |
| Gross Profit | 22.71B | 3.45B | 26.22B | 22.86B | 18.28B | 12.46B |
| EBITDA | -9.71B | -14.29B | 1.04B | 7.25B | 5.94B | 1.21B |
| Net Income | -7.53B | -11.51B | 237.00M | 4.98B | 4.05B | 614.62M |
Balance Sheet | ||||||
| Total Assets | 273.84B | 288.69B | 281.27B | 239.03B | 191.17B | 150.64B |
| Cash, Cash Equivalents and Short-Term Investments | 38.33B | 16.92B | 34.37B | 30.27B | 25.16B | 18.72B |
| Total Debt | 19.58B | 28.29B | 23.55B | 61.96B | 61.03B | 54.33B |
| Total Liabilities | 249.90B | 260.93B | 251.53B | 209.29B | 171.17B | 134.91B |
| Stockholders Equity | 23.94B | 27.76B | 29.75B | 29.73B | 20.00B | 15.72B |
Cash Flow | ||||||
| Free Cash Flow | 26.09B | -1.62B | -33.76B | 10.41B | 14.97B | 11.82B |
| Operating Cash Flow | 26.94B | -122.29M | -32.18B | 11.11B | 15.73B | 13.29B |
| Investing Cash Flow | -17.82B | -26.04B | -7.77B | -6.20B | -6.93B | -7.39B |
| Financing Cash Flow | -5.15B | 15.01B | 44.04B | 39.02B | 34.01B | 26.78B |
Utkarsh Small Finance Bank Limited Technical Analysis
Negative
14.31
Price Trends
14.60
Negative
14.25
Positive
14.10
Positive
Market Momentum
0.18
Negative
47.01
Neutral
41.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UTKARSHBNK, the sentiment is Negative. The current price of 14.31 is below the 20-day moving average (MA) of 14.72, below the 50-day MA of 14.60, and above the 200-day MA of 14.10, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 41.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UTKARSHBNK.
Utkarsh Small Finance Bank Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹127.72B | 14.09 | ― | 3.38% | 15.87% | 70.88% | |
63 Neutral | ₹794.11B | 27.71 | ― | 0.09% | 14.96% | 30.22% | |
63 Neutral | ₹54.68B | 14.37 | ― | ― | 17.48% | -12.60% | |
56 Neutral | ₹83.86B | 16.48 | ― | 1.27% | 9.24% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹20.50B | -395.70 | ― | 1.39% | 10.82% | 99.22% | |
47 Neutral | ₹25.84B | -2.41 | ― | 0.83% | -12.04% | -121.91% |
* General Sector Average
IN:UTKARSHBNK
Utkarsh Small Finance Bank Limited
14.52
-3.80
-20.74%
IN:AUBANK
AU Small Finance Bank Limited
1,058.00
344.94
48.38%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
73.31
16.45
28.93%
IN:ESAFSFB
ESAF Small Finance Bank Limited
39.72
10.10
34.10%
IN:JSFB
Jana Small Finance Bank Ltd
517.10
48.95
10.46%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
65.46
18.71
40.02%
Utkarsh Small Finance Bank Limited Corporate Events
Utkarsh Small Finance Bank boosts non-JLG lending, strengthens retail deposits in Q1 FY27
Jul 5, 2026
Utkarsh Small Finance Bank reported a 48.5% year-on-year rise in total disbursements to ₹3,370 crore in Q1 FY27, driven by a 92.9% surge in non-JLG lending even as JLG disbursements grew modestly. The gross loan portfolio expanded 2% to S...
Utkarsh Small Finance Bank to Raise Tier II Capital and Reshuffle Top Management
Jun 20, 2026
Utkarsh Small Finance Bank’s board has approved the issuance of up to ₹500 crore of unsecured, subordinated, redeemable Tier II non-convertible debentures via private placement, a move aimed at augmenting additional Tier II capital wit...
Utkarsh Small Finance Bank Clears ₹500 Crore Tier II Issue, Elevates Simaria as Executive Director
Jun 20, 2026
Utkarsh Small Finance Bank’s board has approved the issuance of unsecured, subordinated, redeemable Tier II non-convertible debentures of up to ₹500 crore on a private placement basis, which will augment its additional Tier II capital ...
Utkarsh Small Finance Bank to Raise ₹500 Crore via Tier II Bonds, Elevates CFO to Whole-Time Director
Jun 20, 2026
Utkarsh Small Finance Bank’s board has approved the issuance of unsecured, subordinated, redeemable Tier II non-convertible debentures of up to ₹500 crore on a private placement basis, bolstering its additional Tier II capital within e...
Utkarsh Small Finance Bank to Raise ₹500 Crore via Tier II Bonds, Elevates Simaria to Executive Director
Jun 20, 2026
Utkarsh Small Finance Bank’s board has approved the issuance of unsecured, subordinated, redeemable Tier II non-convertible debentures of up to ₹500 crore on a private placement basis, strengthening its additional Tier II capital withi...
Utkarsh Small Finance Bank Clears FY26 Results and Strengthens Board and Leadership
May 9, 2026
Utkarsh Small Finance Bank’s board has approved the audited financial results for the quarter and financial year ended March 31, 2026, with the joint statutory auditors issuing an unmodified opinion, underscoring the integrity of its reporte...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.