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Suryoday Small Finance Bank

SURYODAY
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Suryoday Small Finance Bank Share price and Fundamental Analysis

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The Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private limited company under the Companies Act, 1956 pursuant to the certificate of incorporation dated 10 November 2008 issued by the Assistant Registrar of Companies, Tamil Nadu, Andaman and Nicobar Islands at Chennai. Subsequently, our Bank was converted into a public limited company and the name of our Bank was changed to Suryoday Micro Finance Limited, and a fresh certificate of incorporation dated 16 June 2015 was issued by the RoC. Our Bank was granted the in-principle and final approval to establish a small finance bank ('SFB') by the RBI, pursuant to its letters dated 07 October 2015 and 26 August 2016, respectively. Pursuant to our Bank being established as an SFB, the name of our Bank was changed to Suryoday Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on 13 January 13, 2017. The Bank commenced its business with effect from 23 January 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated 24 July 2017 issued by the RBI and published in the Gazette of India on 02 September 2017. The bank has a wide presence across 13 states and UTs across India through its 556 banking outlets, with a strong presence in Maharashtra, Tamilnadu and Odisha.
Company Incorporation2008
ChairmanRamachandran Rajaraman
Head QuartersNavi Mumbai
WebsiteNA
Previous NameNA

Key Metrics

Market Cap (Cr)
1,362.57
PE Ratio
6.5
Industry P/E
17.17
PEG Ratio
0.82
ROE
10.69%
ROCE
14.09%
ROA
1.94%
Total Debt (Cr)
Debt to Equity
Dividend Yield
0%
EPS
19.72
Book Value & P/B
184.44 x 0.7
Face Value
10
Outstanding Shares(Cr)
10.63
Current Ratio
EV to Sales
6.31

Stock Returns

1 Week-7.4%
1 Month+20.67%
6 Months-14.89%
1 Year-40.87%
3 Years-9.27%
5 Years-53.92%

CAGR

1 Year CAGR

Revenue Growth

+34.22%

Net Profit Growth

+177.97%

Financing Profit Growth

-62.51%

Dividend Growth

N/A

Stock Returns CAGR

-40.87%
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Suryoday Small Finance Bank Management and History

Company Management

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Company History

The Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private limited company under the Companies Act, 1956 pursuant to the certificate of incorporation dated 10 November 2008 issued by the Assistant Registrar of Companies, Tamil Nadu, Andaman and Nicobar Islands at Chennai. Subsequently, our Bank was converted into a public limited company and the name of our Bank was changed to Suryoday Micro Finance Limited, and a fresh certificate of incorporation dated 16 June 2015 was issued by the RoC. Our Bank was granted the in-principle and final approval to establish a small finance bank ('SFB') by the RBI, pursuant to its letters dated 07 October 2015 and 26 August 2016, respectively. Pursuant to our Bank being established as an SFB, the name of our Bank was changed to Suryoday Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on 13 January 13, 2017. The Bank commenced its business with effect from 23 January 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated 24 July 2017 issued by the RBI and published in the Gazette of India on 02 September 2017. The bank has a wide presence across 13 states and UTs across India through its 556 banking outlets, with a strong presence in Maharashtra, Tamilnadu and Odisha.

The Bank is primarily engaged in extending micro credit to economically weaker women who are otherwise unable to access finance from the mainstream banking channels. The Bank broadly follows the Grameen model with suitable adaptations using the Joint Liability Groups (JLG) framework, where each member of the group guarantees the loan repayment of the other members of the group. The Bank also provides finance for mortgage loans, commercial vehicles, loans to micro, small and medium enterprises and loans to Non-banking finance companies (NBFCs).

During the FY2016,the Company raised Rs 746 Crore by way of debt facilities from various lenders and Rs 72 Crores by way of loan portfolio securitization.

The Company has issued 43,95,907 equity shares by way of rights issue in July 2015. The capital was raised to ensure adequate capital to support growth and expansion, including enhancing the Company's solvency and capital adequacy ratio and for general corporate purposes. The Company issued and allotted 10,00,000 equity shares to Mr. R. Baskar Babu on a preferential basis. The same was approved by the members of the Company at their Extraordinary General Meeting held on 24 December 2015.

During the FY2017, 255,60,469 equity shares of the face value of Rs. 10/- each were allotted by way of Rights issues, Private Placement issues and Preferential Allotment issues in various tranches bringing in a total inflow of Rs. 289.27 crore.

The bank has raised Rs 501.29 crore by way of debt facilities from various lenders and Rs. 261.28 crores by way of loan portfolio buys outs/securitization during the Financial Year 2016-2017.

During the year 2017-18, 31,00,000 equity shares of Rs. 10/- each were allotted by way of preferential issue. The Bank has 28 fully operational bank branches as of June 2018 including conversion of 2 micro finance lending outlets into banking outlets in addition to 213 micro finance lending focused outlets. The Bank also has onsite ATMs at almost all branches.

The Gross Loan Portfolio at Rs 2920 crore showed a year-on-year increase of 76% whereas the Total deposits grew by 113% from Rs 750 crore as at Mar 2018 to Rs 1593 crore as at March 2019 with retail deposits accounting for almost 50% share. The AUM grew by 71% to Rs 3,003 crore, with 20% of this contributed by Affordable Home Loans, Commercial Vehicle Finance, and SME & NBFC funding.

The number of banking outlets increased from 241 in March 2018 to 382 in March 2019 comprising of 211 asset centres and 171 other outlets (including 68 URCs).

During the FY2020,the bank has issued 4500000 equity shares through private placement pursuant to shareholder's approval aggregating to Rs 63 crore.

The Gross Loan Portfolio at Rs 3,742 crore (excluding the impact of write-off) grew by 26% over that of the previous year and the total deposits at Rs 2,849 crore grew by 79% over that of the previous year.

The number of banking outlets increased from 382 in March 2019 to 477 in March 2020 including 133 Unbanked Rural Centres.

During the second quarter of FY21 ended 30 Septernber 2020, the Bank issued 23,90,020 equity shares through private placernent pursuant to shareholder's approval aggregating to Rs 62.14 crore.

The Bank also issued unsecured, subordinated non-convenible debentures for Rs 100 crore during the quarter ended 30 Septernber 2020.

During the year ended 31 March 2021, the Bank successtully completed lnitial public offer (lPo) and got listed on 26 March 2021 on Natiohal stock Exchange (NSEJ and BSE Ltd.

Suryoday Small Finance Bank Share Price

Suryoday Small Finance Bank share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Suryoday Small Finance Bank Market Cap

Market capitalization of Suryoday Small Finance Bank indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Suryoday Small Finance Bank is valued compared to its competitors.

Suryoday Small Finance Bank PE Ratio

Suryoday Small Finance Bank PE ratio helps investors understand what is the market value of each stock compared to Suryoday Small Finance Bank 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Suryoday Small Finance Bank PEG Ratio

The PEG ratio of Suryoday Small Finance Bank evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Suryoday Small Finance Bank ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Suryoday Small Finance Bank generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Suryoday Small Finance Bank ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Suryoday Small Finance Bank in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Suryoday Small Finance Bank Total Debt

Total debt of Suryoday Small Finance Bank shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Suryoday Small Finance Bank Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Suryoday Small Finance Bank compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Suryoday Small Finance Bank CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Suryoday Small Finance Bank over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Suryoday Small Finance Bank Technical Analysis

Technical analysis of Suryoday Small Finance Bank helps investors get an insight into when they can enter or exit the stock. Key components of Suryoday Small Finance Bank Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Suryoday Small Finance Bank shares often struggle to rise above due to selling pressure.

Suryoday Small Finance Bank Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Suryoday Small Finance Bank ’s financial health and profitability.

Suryoday Small Finance Bank Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Suryoday Small Finance Bank Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Suryoday Small Finance Bank Financials

The financials of Suryoday Small Finance Bank provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Suryoday Small Finance Bank Profit and Loss Statements

The profit and loss statement of Suryoday Small Finance Bank highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Suryoday Small Finance Bank .

Suryoday Small Finance Bank Balance Sheet

The balance sheet presents a snapshot of Suryoday Small Finance Bank ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Suryoday Small Finance Bank Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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