| Annual Financials | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 562 | 939 | 1,406 | 1,706 | 2,034 | 2,804 | 3,579 | 4,365 | 4,161 |
| Expenses | 390 | 392 | 551 | 783 | 1,125 | 1,234 | 1,562 | 2,519 | 3,282 |
| EBITDA | -78 | 165 | 276 | 181 | 121 | 595 | 725 | 104 | -1,011 |
| Operating Profit % | 25 % | 56 % | 58 % | 50 % | 39 % | 51 % | 51 % | 33 % | 7 % |
| Depreciation | 16 | 16 | 25 | 30 | 41 | 59 | 65 | 77 | 0 |
| Interest | 251 | 382 | 580 | 742 | 788 | 976 | 1,293 | 1,742 | 1,889 |
| Profit Before Tax | -95 | 149 | 250 | 151 | 80 | 536 | 659 | 28 | -1,011 |
| Tax | -32 | 55 | 64 | 40 | 18 | 131 | 162 | 4 | -258 |
| Net Profit | -63 | 94 | 187 | 112 | 62 | 405 | 498 | 24 | -753 |
| EPS in ₹ | -0.92 | 1.37 | 2.49 | 1.46 | 0.70 | 4.52 | 4.79 | 0.22 | -6.80 |
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank
16.09
-0.33
(-2.01%)
Market Cap
₹2,863.25 Cr
PE Ratio
-3.91
Volume
55,16,379.00
Day High - Low
₹16.45 - ₹16.02
52W High-Low
₹33.45 - ₹15.35
Key Fundamentals
Market Cap
2,863.25 Cr
EPS
0.22
PB Ratio
0.89
Book Value
18.52
EBITDA
104.20
Dividend Yield
0.00 %
Industry
Banks Sector
Small Finance Bank ROE Growth %
-
Debt to Equity
0.00
Analyst Rating and Forecast
- By Refinitiv from1 analysts
Actual
Company News
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Utkarsh Small Finance Bank posted a net loss of Rs 348 crore for Q2 FY26 as regulatory changes under MFIN Guardrail 2.0 and legacy stress impacted its microfinance portfolio, leading to elevated NPAs and credit costs. The bank raised Rs 950 crore through rights issue to strengthen capital base and expects gradual recovery from Q3 onwards with improved collection efficiency and reduced fresh NPA slippages.
Utkarsh Small Finance Bank Sets Ambitious Growth Targets with 35% Loan Book CAGR and 17% ROE by FY27Nov 14, 2025
Utkarsh Small Finance Bank has outlined aggressive expansion plans targeting 35% loan book CAGR and 17% ROE by FY27, focusing on MSME and affordable housing segments across Northern and Eastern India. The bank aims to expand its branch network to over 1,000 branches by FY27 while strengthening its liability franchise through CASA and retail deposits.
Utkarsh Small Finance Bank Reports Loss, Appoints New Head, Grants Stock OptionsNov 14, 2025
Utkarsh Small Finance Bank reported a net loss of ₹78,384.14 lakh for the quarter ended September 30, 2025, and appointed Virender Sharma as Head-Micro Banking while granting 3.1 crore stock options to employees. The bank's financial performance shows continued challenges with negative profitability, though it maintains operations across rural banking and retail financial services.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
944.15 | #1 70,423.98 | 31.56 | 1,446.00 | 19.10 | #1 761 | -1.80 | 71.65 | |
54.11 | 10,481.93 | 25.13 | 7,200.60 | 11.40 | 726 | -47.77 | 59.89 | |
62.82 | 7,164.65 | -80.38 | #1 7,223.20 | 14.93 | 147 | #1 86.82 | 55.82 | |
447.25 | 4,706.27 | 11.65 | 5,485.70 | 17.11 | 501 | -22.44 | 47.77 | |
16.09 | #5 2,863.25 | #6 -3.91 | #4 4,364.80 | #1 21.96 | #7 24 | #8 -778.02 | 42.93 | |
140.43 | 1,492.63 | 22.21 | 2,171.00 | 20.07 | 115 | -33.04 | 50.18 | |
26.38 | 1,359.92 | -2.37 | 4,329.30 | 1.62 | -521 | 39.08 | 40.61 | |
273.50 | 1,238.58 | #1 9.47 | 994.50 | 15.32 | 132 | 4.80 | 48.59 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
21.96 %
Net Income Growth
-95.24 %
Cash Flow Change
-11.67 %
ROE
-95.22 %
ROCE
-23.01 %
EBITDA Margin (Avg.)
-24.96 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 4,524 | 6,239 | 9,404 | 12,138 | 15,064 | 19,117 | 23,903 | 28,127 |
| Fixed Assets | 87 | 87 | 110 | 125 | 286 | 302 | 301 | 324 |
| Current Assets | 639 | 604 | 1,761 | 1,368 | 2,109 | 2,799 | 3,442 | 3,949 |
| Capital Work in Progress | 1 | 3 | 22 | 56 | 1 | 2 | 10 | 63 |
| Investments | 661 | 862 | 1,192 | 2,314 | 2,348 | 2,859 | 3,680 | 4,958 |
| Other Assets | 3,775 | 5,287 | 8,081 | 9,643 | 12,429 | 15,955 | 19,912 | 22,783 |
| Total Liabilities | 4,524 | 6,239 | 9,404 | 12,138 | 15,064 | 19,117 | 23,903 | 28,127 |
| Current Liabilities | 129 | 245 | 475 | 654 | 845 | 1,057 | 1,462 | 1,233 |
| Non Current Liabilities | 4,395 | 5,994 | 8,930 | 11,484 | 14,218 | 18,060 | 22,441 | 26,895 |
| Total Equity | 412 | 773 | 1,020 | 1,368 | 1,572 | 2,000 | 2,973 | 2,975 |
| Reserve & Surplus | -58 | 36 | 260 | 520 | 677 | 1,104 | 1,874 | 1,873 |
| Share Capital | 470 | 737 | 759 | 848 | 896 | 896 | 1,100 | 1,102 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -52 | 1,097 | -444 | 702 | 645 | 511 | 409 |
| Investing Activities | -171 | -322 | -533 | -739 | -693 | -620 | -777 |
| Operating Activities | 211 | 115 | -84 | 1,329 | 1,573 | 991 | 876 |
| Financing Activities | -92 | 1,304 | 172 | 111 | -235 | 140 | 311 |
Share Holding
| % Holding | Jul 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Nov 2025 |
| Promoter | 69.28 % | 69.28 % | 69.16 % | 69.06 % | 69.02 % | 68.94 % | 68.93 % | 68.92 % | 68.92 % | 68.92 % | 42.67 % |
| FIIs | 0.00 % | 2.07 % | 0.00 % | 0.87 % | 0.95 % | 0.99 % | 1.34 % | 0.99 % | 1.85 % | 1.68 % | 13.07 % |
| DIIs | 10.34 % | 13.00 % | 9.93 % | 9.82 % | 10.61 % | 10.01 % | 8.23 % | 7.03 % | 2.78 % | 2.39 % | 10.70 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % |
| Public / Retail | 4.60 % | 6.47 % | 9.28 % | 11.26 % | 11.84 % | 13.46 % | 14.41 % | 15.54 % | 17.94 % | 18.83 % | 20.91 % |
| Others | 15.78 % | 9.19 % | 11.63 % | 8.99 % | 7.58 % | 6.59 % | 7.10 % | 7.50 % | 8.49 % | 8.17 % | 12.64 % |
| No of Share Holders | 37,957 | 1,63,614 | 1,92,791 | 2,22,044 | 2,15,133 | 2,27,886 | 2,40,592 | 2,43,613 | 2,48,311 | 2,49,372 | 2,66,672 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.5 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.67 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 12 Jul 2024 |  Dividend | ₹ 0.50 /share | 12 Jul 2024 | 49.91 | 42.51 |
| 22 Jul 2024 |  Annual General Meeting | NA | 22 Jul 2024 | 45.77 | 42.46 |
| 09 Nov 2024 |  Quarterly Result Announcement | NA | 09 Nov 2024 | 34.95 | 34.69 |
| 14 Feb 2025 | Quarterly Result Announcement | NA | 14 Feb 2025 | 26.69 | 25.07 |
| 03 May 2025 | Quarterly Result Announcement | NA | 03 May 2025 | 21.39 | 21.01 |
| 02 Aug 2025 | Quarterly Result Announcement | NA | 02 Aug 2025 | 19.28 | 18.60 |
| 22 Aug 2025 | Annual General Meeting | NA | 22 Aug 2025 | 18.80 | 18.19 |
| 14 Oct 2025 |  Rights | 8:13 | 14 Oct 2025 | 18.51 | 19.70 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 16.90 | 15.92 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Nov 19, 2025
Nov 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 15, 2025
Nov 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 15, 2025
Nov 15, 2025Grant Of Esops Under USFBL Employee Stock Option Plan 2020Nov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 14, 2025
Nov 14, 2025Un-Audited Financial Results For The Quarter And Half Year Ended September 30 2025Nov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 14, 2025
Nov 14, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On November 14 2025Nov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 14, 2025
Nov 14, 2025Clarification To Intimation Dated November 11 2025Nov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 11, 2025
Nov 11, 2025Board Meeting Intimation for The Board Meeting Scheduled To Be Held On November 14 2025Nov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-AllotmentNov 05, 2025
Nov 05, 2025Change In Domain Name Of Website Of The BankOct 31, 2025
Oct 31, 2025Clarification On Email Bearing Ref No. L/SURV/ONL/PV/AA/ 2025-2026/609 Dated October 27 2025Oct 27, 2025
Oct 27, 2025Clarification sought from Utkarsh Small Finance Bank LtdOct 27, 2025
Oct 27, 2025Intimation Pursuant To Regulation 77B(2) Of SEBI (Issue Of Capital And Disclosure Requirements) Regulations 2018 Regarding Applications Submitted By Specific Investors Under The Rights IssueOct 24, 2025
Oct 24, 2025Intimation Pursuant To Regulation 77B(2) Of Securities Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations 2018 Regarding Applications Submitted By Specific Investors Under The Rights Issue.Oct 24, 2025
Oct 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 17, 2025
Oct 17, 2025Letter Of Offer For Right Issue Of Equity SharesOct 10, 2025
Oct 10, 2025Corporate Action - Fixes Record Date For Right IssueOct 08, 2025
Oct 08, 2025Announcement Under Regulation 30 (LODR) - Raising Of FundsOct 08, 2025
Oct 08, 2025Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On October 08 2025 Approving The Terms Of The Rights Issue.Oct 08, 2025
Oct 08, 2025Announcement Under Regulation 30 (LODR)- Raising Of FundsOct 07, 2025
Oct 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 06, 2025
Oct 06, 2025Business Updates For Quarter And Half Year Ended September 30 2025Oct 05, 2025
Oct 05, 2025Announcement under Regulation 30 (LODR)-Raising of FundsOct 02, 2025
Oct 02, 2025Board Meeting Intimation for To Consider And Decide The Terms And Conditions Of The Rights Issue Including But Not Limited To The Determination Of The Rights Issue Price Rights Entitlement Ratio Record Date Terms Of Payment And Other Related Matters.Oct 01, 2025
Oct 01, 2025Corporate Action-Intimation of Right issueOct 01, 2025
Oct 01, 2025Announcement Under Regulation 30 (LODR)-Raising Of FundsOct 01, 2025
Oct 01, 2025Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Held On October 01 2025Oct 01, 2025
Oct 01, 2025Sale Of NPA And Written Off Loans To ARCSep 30, 2025
Sep 30, 2025Board Meeting Intimation for Fund Raise Through Issuance Of Equity SharesSep 28, 2025
Sep 28, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Intimation Of Extension Of Timeline In Schedule Of Analyst/Institutional Investor MeetingsSep 04, 2025
Sep 04, 2025Certificate Of Compliance With Cyber Security Guidelines Issued By Reserve Bank Of India And SEBI Cybersecurity And Cyber Resilience Framework.Aug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 27, 2025
Aug 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 22, 2025
Aug 22, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 04, 2025
Aug 04, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Aditya Birla Sun Life Banking & Financial Services Fund Direct-Growth | 0.00% | -1819637 | -0.11% | -0.11% | |
| Aditya Birla Sun Life Multi-Cap Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Groww Nifty Total Market Index Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Mirae Asset Balanced Advantage Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Mirae Asset Banking and Financial Services Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Mirae Asset ELSS Tax Saver Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Mirae Asset Midcap Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Mirae Asset Multi Asset Allocation Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% |
Technical Indicators
RSI(14)
Neutral 42.93
ATR(14)
Less Volatile 0.74
STOCH(9,6)
Neutral 49.40
STOCH RSI(14)
Overbought 81.39
MACD(12,26)
Bullish 0.05
ADX(14)
Strong Trend 26.14
UO(9)
Bearish 44.77
ROC(12)
Uptrend And Accelerating 0.74
WillR(14)
Neutral -53.28
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