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Suryoday Small Finance Bank Q2 FY27 Share Price & Earnings Call Analysis

₹134.73+1.21% today
Market cap
₹1,437 Cr
P/E
7.50
ROE
7.58%
PEG
0.31
Price to sales
0.63
Debt to equity
8.24
52W high / low
₹194 / ₹116
Sales growth (5Y)
22.72%
EBITDA margin
42.66%
Net profit margin
7.03%
Promoter holding
22.48%
Sales (last year)
₹2,287 Cr

Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.[1]

Guidance scorecard · Q2 FY27 call

What Suryoday Small Finance Bank Ltd's management guided
and where it ranks in Banks

#9of 27 in
Banks
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Retail secured businesses expected to grow at 30-35% YoY, adding to growth momentum.
  • CLOU business growing exponentially with increasing customer base; projections to double users from 6 lakh to around 12 lakh during the financial year.
  • Focus on individual loans, with individual loans contributing around 80% of monthly onboarding; planned reduction of JLG exposure over 1-1.5 years.
  • Intend to maintain growth at around 30%, with balanced sustained monthly PAT target of INR 75 crores per quarter.
  • Expansion plans include adding approximately 50 branches in coming quarters, particularly for secured retail products like micro mortgages and commercial vehicles.
  • Digital deposit growth, particularly CASA, expected to continue, with CASA ratio maintenance targeted at 21%.

2 more points from Suryoday Small Finance Bank Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Suryoday Small Finance Bank Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The bank plans to invest in technology infrastructure, as indicated by increased expenses related to technology.
  • Expansion plans include adding around 50 branches in the current and next quarter, focusing on inclusive finance and commercial vehicles; mortgage presence to increase from 25% to 40-45% of branches by year-end.
  • Evaluation of fresh Tier 2 capital issuance is underway, with hopes to close within the quarter; Tier 1 capital raise is under consideration but not finalized.
  • Continued investments in digital capabilities, such as scaling the CLOU business and developing VKYC technology for broader customer reach.

2 more points from Suryoday Small Finance Bank Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Suryoday Small Finance Bank Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Suryoday Small Finance Bank Ltd said on the order book →

Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. RBL BankGood growth
    3
See all potential multibaggersWhere does Suryoday Small Finance Bank Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3RBL Bank20–40%Flat₹58,716 Cr49.8
420–40%Flat₹13,576 Cr9.4
520–40%Flat₹6,759 Cr8.6
620–40%Flat₹5,337 Cr8.0

Sign up free to see every company in the sector ranking and track Suryoday Small Finance Bank Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Suryoday Small Finance Bank Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Suryoday Small Finance Bank Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +22.40%22.40%22.39%22.30%22.29%22.43%22.43%22.43%22.43%22.48%22.48%22.48%
FIIs +2.91%2.90%3.02%3.50%4.80%4.67%4.68%4.67%4.97%5.23%5.35%4.70%
DIIs +17.01%14.04%12.64%8.01%5.89%5.66%5.93%6.62%6.11%5.72%5.47%5.65%
Public +57.68%60.66%61.95%66.19%67.01%67.22%66.95%66.28%66.48%66.58%66.70%67.17%
No. of Shareholders94,23596,2761,03,3561,08,3011,10,1971,08,7341,04,9271,02,09899,13895,02689,68889,933

Financials of Suryoday Small Finance Bank Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +375411445488507488471495520544602622703
Interest154165174195207220226248261267285307334
Expenses +205221255271287270352309299310341362391
Financing Profit1624152313-2-107-62-41-33-25-46-22
Financing Margin %4%6%3%5%2%-0%-23%-12%-8%-6%-4%-7%-3%
Other Income +52526570474060109808190148127
Depreciation-0-0-0-0-0-0-0-0-0-0-0-0-0
Profit before tax687680936038-4747394866102104
Tax %26%25%24%24%25%12%-28%25%23%24%24%26%27%
Net Profit +505761704533-34353037507577
EPS in Rs4.745.395.736.594.273.13-3.183.322.863.444.687.077.20
Gross NPA %2.90%3.06%2.94%2.84%3.03%5.53%7.16%8.46%5.93%6.69%6.55%6.60%2.97%
Net NPA %1.46%1.42%0.86%0.47%0.80%3.13%4.58%5.64%3.80%4.35%4.21%1.27%1.54%

Financials of Suryoday Small Finance Bank Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +1181992442875307677769421,1841,5891,9542,1602,471
Interest55951151231902763663574376268481,0621,193
Expenses +37761141812594144607867008431,1241,1911,404
Financing Profit262815-188177-49-20147120-18-93-126
Financing Margin %22%14%6%-6%15%10%-6%-21%4%8%-1%-4%-5%
Other Income +0111386787769497219217360446
Depreciation11256101519435156680
Profit before tax2527241614315412-127101288144200320
Tax %34%-0%37%36%37%28%2%-27%23%25%20%24%
Net Profit +172715109011112-9378216115152238
EPS in Rs5.117.162.361.5011.0812.841.12-8.767.3220.3410.8214.3022.39
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%10%

Financials of Suryoday Small Finance Bank Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital333864688287106106106106106106106
Reserves991594374727999801,4911,3991,4791,6991,8211,9722,111
Deposits229451,5932,8493,2563,8545,1677,77710,58013,99416,184
Borrowing5949561,0225231,1241,2651,6672,5512,7652,4432,7103,1222,532
Other Liabilities +313960156163185193270344352397689510
Total Liabilities7571,1931,6042,1643,7615,3656,7128,1809,86112,37815,61419,88421,443
Fixed Assets +2261318303566163152156293300
CWIP-0-021188491171355-0
Investments105943116648081,8742,0582,5702,5993,1373,6934,418
Other Assets +7541,1901,0021,8393,0784,5184,7956,0077,1279,61012,18715,89316,725
Total Assets7571,1931,6042,1643,7615,3656,7128,1809,86112,37815,61419,88421,443

Financials of Suryoday Small Finance Bank Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-545526-876-347-989351,320652
Cash from Investing Activity +-14-167-280-158-266-263-1,059-792
Cash from Financing Activity +655210915885213-322268412
Net Cash Flow97569-241381-150349529273
Free Cash Flow-556496-896-438-1908791,143577

Financials of Suryoday Small Finance Bank Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %15%17%4%2%13%11%1%-6%5%13%6%8%

Guidance history

How Suryoday Small Finance Bank Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlanned—
Q4 FY26 call →20–40%FlatPlannedPlanned—
Q3 FY26 call →10–20%Flat—PlannedRising
Q2 FY26 call →20–40%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−13.4%46%
Last 6 months−11.9%36%
Last 3 months−16.8%28%

The price is 51.5% below its all-time high of ₹277.8 (26 Mar 2021). Stocks more than 20% below their peak have their score halved, so 39 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Suryoday Small Finance Bank Ltd: 0.4 × 46 + 0.4 × 36 + 0.2 × 28 = 39, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Suryoday Small Finance Bank Ltd's management said in earlier quarters

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