Suryoday Small Finance Bank Ltd.
Snapshot View

108.05 -6.10 ▼-5.3%

24 May 2022, 04:01:00 PM
Volume: 17,364

Overview View Details

Sector Banking Compare with Sector peers
Industry Bank - Private Compare with Industry peers
Website http://www.suryodaybank.com
Market Cap 1,142.80 Cr.
Enterprise Value(EV) Cr. -
Financial Indicators
Earnings per share (EPS) -8.76 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2022-03
Industry PE 20.40 Trailing Twelve Months Ending 2022-03
Book Value / Share 141.78 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.76 Calculated using Price: 107.65
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 10.62 Cr. 106,158,749 Shares
FaceValue 10
Company Profile

The bank was among the leading Small Finance Banks (SFBs) in India in terms of net interest margins, return on assets, yields and deposit growth. It has for over a decade been serving customers in the unbanked and underbanked segments in India and promoting financial inclusion. The bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories. Its delivery platform also includes partnering with business correspondents (BCs) for sourcing both asset and liability business and has expanded its network and presence through their reach to promote financial inclusion. It has arrangements with various payment banks in India and has been able to leverage its relationship with such payment banks to grow its deposit base. Its distribution network also comprises its ATMs, phone banking, mobile banking, tablet banking, unified payment interface, CSPs, and internet banking services.

Business area of the bank 

The bank currently offers a variety of asset and liability products and services designed for inclusive finance and general banking customers. Its asset products consist of its inclusive finance portfolio (comprising loans to JLG customers), commercial vehicle loans, affordable housing loans, micro business loans, unsecured micro and small enterprise and small and medium enterprise loans, secured business loans, financial intermediary group loans and other loans. The bank has leveraged the use of technology across all aspects of its operations. In particular, it uses digital technology for customer acquisition and also customer lifecycle management. Its employees use tablets to service customers in the unbanked and underbanked segments which has led to greater customer convenience and improved operational efficiency. It also has a robust back-end operating system supported by its core banking system and document management system.

Major events and milestones

  • 2008: Incorporation of Suryoday Micro Finance, founded and promoted by Baskar Babu Ramachandran, Ganesh Rao and V. L. Ramakrishnan.
  • 2009: Received RBI license for establishing an NBFC and commenced microfinance operations.
  • 2009: Investment by Aavishkaar Goodwell India Micro Finance Development Company Limited in Bank.
  • 2012: Investment from HDFC Holdings Limited and HDFC Standard Life Insurance Company Limited in Bank.
  • 2013: Investment by Lok Capital II LLC in Bank.
  • 2014: Investment by IFC in Bank.
  • 2014: Received listing permission from BSE in wholesale debt segment to issue debt securities.
  • 2015: We became a public limited company in June 2015.
  • 2015: 159 branches and 0.49 million customers as on March 31, 2015.
  • 2015: Received in-principle approval from RBI to establish an SFB.
  • 2015: Investment by DWM (International) Mauritius in Bank.
  • 2016: Received RBI final Approval to commence its SFB operations.
  • 2017: Commenced operations as an SFB in January 2017.
  • 2017: Included in second schedule to the RBI Act.
  • 2018: A new cluster of retail assets to provide finance for commercial vehicles, housing, MSME and loan against property upon initiating SFB operations.
  • 2019: Investments by DEG in Bank.
  • 2020: Investments by Kotak Mahindra Life Insurance Company Limited and Teachers Insurance and Annuity Association of America in Bank.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-5.34%
1 Week
-15.09%
1 Month
-27.99%
3 Month
-2.17%
6 Month
-32.38%
1 Year
-54.53%
2 Year
5 Year
10 Year
8 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 10.11 15.42 16.73 4.34 1.95 12.26 11.47 0.90
Return on Assets (%) 2.21 2.91 2.82 1.08 0.54 2.92 2.43 0.20
Net Interest Margin 7.68 7.79 9.00 8.95 7.82 9.36 9.47 6.36
Interest Spread (%) -6.40 1.84 10.32 19.91 9.82 12.74 14.99 12.06
Yield on Advances (%) 18.97 20.34 20.23 30.95 18.22 19.78 21.71 19.49

Balance Sheet View Details

Particulars 3 years 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 1,066 1,597 1,505
Minority Int.
Deposits 2,849 3,256 3,850
Borrowings 1,265 1,667 2,551
Other Liab. 185 193 274
Total Liab. 5,365 6,712 8,180
Fixed Assets 39 43 115
Investments 808 1,874 2,058
Advances 3,532 3,983 4,751
Cash & Bank 838 597 978
Other Assets 148 216 279
Total Assets 5,365 6,712 8,180

Profit Loss View Details

Particulars 3 years 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Interest Earned 767 776 942
Other Income 87 99 94
Total Income 854 876 1,036
Operating Exp. -272 -329 -413
Provisions -152 -169 -393
PBIT 430 378 230
Interest -276 -366 -357
Tax -43 0 34
PAT 111 12 -93
Adjusted EPS 13 1 -9

Cash Flow View Details

Particulars 2 years 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 526 -876
Cash Fr. Inv. -167 -280
Cash Fr. Finan. 210 915
Net Change 569 -241
Cash & Cash Eqvt 835 593

Shareholding Pattern View Details

9 Qtrs 2017-08 (%) 2018-08 (%) 2019-09 (%) 2020-03 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 26.15 29.42 26.86 30.50 30.35 28.02 28.01 28.01 28.01
Public 73.85 70.58 73.14 69.50 69.65 71.98 71.99 71.99 71.99
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 37.97 37.97 37.97 37.97 37.97

Announcements View Details

Tue, 24 May 2022
Announcement under Regulation 30 (LODR)-Resignation of Director
Intimation of resignation of Mrs. Meena Hemchandra (DIN: 05337181) Non-executive Independent Director of the Bank with effect from May 23 2022.
Sat, 21 May 2022
Disclosure Of Audio Recording Of Conference Call On Financial Results For The Quarter And Year Ended March 31 2022 Held On May 20 2022
Pursuant to Regulation 30 read with clause 15 of Paragraph A in Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations) the audio recording of Conference call held on May 20 2022 to discuss Financial Results for the quarter and year ended March 31 2022 has been made available on the Banks website .
Sat, 21 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation of Newspaper Advertisement of Audited Financial Results of the Bank for the quarter and year ended March 31 2022

Technical Scans View Details

Tue, 24 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Close Crossing Last Week Low Close Crossing Last Week Low
Closing Below Previous Low Closing Below Previous Low
High Decrease 1 Month High Decrease 1 Month
High Decrease 6 Months High Decrease 6 Months

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