UTKARSHBNK

Utkarsh Small Finance Bank Limited

Small finance bank offering MSME, housing, vehicle and business-banking loans

Financial Services›Financial Services›Banks›Other Bank

utkarsh.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹13.05
Market cap
2,322 Cr
Stock P/E
Loss (TTM EPS ₹-5.67)
P/B
0.84
Dividend yield
2.4%
ROE (FY26)
-41.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Utkarsh Small Finance Bank is a bank that lends to small borrowers through group microfinance loans (joint liability groups, or JLG), micro business loans, MSME (small business) loans, housing and vehicle loans, and funds itself mainly from deposits.

Company snapshot

5thBy market cap

Ranked among 9 companies in Other Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 83.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Retail
83.2%
864 Cr-227 Cr16,471 Cr
Treasury
10.0%
104 Cr3 Cr7,115 Cr
Wholesale
6.8%
70 Cr-14 Cr2,375 Cr

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income442 Cr482 Cr540 Cr573 Cr558 Cr480 Cr411 Cr402 Cr350 Cr348 Cr376 Cr422 Cr
Other income105 Cr83 Cr121 Cr105 Cr103 Cr105 Cr287 Cr138 Cr97 Cr81 Cr115 Cr119 Cr
Net operating income547 Cr565 Cr661 Cr678 Cr661 Cr586 Cr699 Cr540 Cr448 Cr429 Cr491 Cr541 Cr
Employee cost177 Cr180 Cr210 Cr205 Cr211 Cr225 Cr204 Cr228 Cr236 Cr246 Cr237 Cr241 Cr
Other expenses132 Cr129 Cr168 Cr161 Cr174 Cr175 Cr260 Cr220 Cr215 Cr227 Cr242 Cr237 Cr
Provisions & contingencies83 Cr104 Cr74 Cr125 Cr208 Cr423 Cr223 Cr411 Cr462 Cr446 Cr244 Cr109 Cr
Depreciation————————————
Profit before tax154 Cr152 Cr208 Cr186 Cr68 Cr-238 Cr11 Cr-319 Cr-465 Cr-491 Cr-232 Cr-45 Cr
Tax %25.9%23.7%23.4%26.2%24.5%29.4%73.7%24.9%25.1%23.6%19.0%25.3%
Net profit114 Cr116 Cr160 Cr137 Cr51 Cr-168 Cr3 Cr-239 Cr-348 Cr-375 Cr-188 Cr-34 Cr
EPS (₹)₹1.17₹1.14₹1.45₹1.25₹0.47₹-1.53₹0.03₹-2.17₹-3.16₹-2.46₹-1.06₹-0.19

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income839 Cr1,061 Cr1,529 Cr1,886 Cr2,023 Cr1,477 CrSign in free for the trailing twelve months
Other income125 Cr185 Cr299 Cr400 Cr600 Cr431 CrSign in free for the trailing twelve months
Net operating income964 Cr1,246 Cr1,828 Cr2,286 Cr2,623 Cr1,908 CrSign in free for the trailing twelve months
Employee cost———737 Cr846 Cr948 CrSign in free for the trailing twelve months
Other expenses———552 Cr770 Cr903 CrSign in free for the trailing twelve months
Provisions & contingencies———338 Cr979 Cr1,563 CrSign in free for the trailing twelve months
Depreciation——————Sign in free for the trailing twelve months
Profit before tax———659 Cr28 Cr-1,507 CrSign in free for the trailing twelve months
Tax %———24.5%14.3%23.6%Sign in free for the trailing twelve months
Net profit112 Cr61 Cr405 Cr498 Cr24 Cr-1,151 CrSign in free for the trailing twelve months
EPS (₹)₹1.46₹0.70₹4.52₹4.79₹0.22₹-8.37Sign in free for the trailing twelve months
Dividend payout %———0.0%232.2%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital848 Cr896 Cr896 Cr1,099 Cr1,102 Cr1,780 Cr
Reserves520 Cr677 Cr1,104 Cr1,874 Cr1,873 Cr996 Cr
Borrowings2,608 Cr2,572 Cr2,349 Cr1,995 Cr2,355 Cr2,829 Cr
Other liabilities8,162 Cr10,920 Cr14,768 Cr18,934 Cr22,798 Cr23,264 Cr
Total liabilities12,138 Cr15,064 Cr19,118 Cr23,903 Cr28,127 Cr28,869 Cr
Fixed assets (net)181 Cr287 Cr303 Cr312 Cr387 Cr458 Cr
CWIP——————
Investments2,314 Cr2,348 Cr2,859 Cr3,679 Cr4,958 Cr6,914 Cr
Loans & advances8,217 Cr10,228 Cr13,069 Cr16,365 Cr18,716 Cr18,070 Cr
Cash & bank1,105 Cr1,798 Cr1,192 Cr1,247 Cr2,638 Cr1,692 Cr
Other assets321 Cr403 Cr1,694 Cr2,300 Cr1,428 Cr1,735 Cr
Total assets12,138 Cr15,064 Cr19,118 Cr23,903 Cr28,127 Cr28,869 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-83 Cr1,329 Cr1,559 Cr991 Cr876 Cr781 Cr
Cash from investing-532 Cr-739 Cr-693 Cr-620 Cr-777 Cr-3,309 Cr
Cash from financing172 Cr111 Cr-221 Cr140 Cr310 Cr1,412 Cr
Net cash flow-444 Cr702 Cr645 Cr511 Cr409 Cr-1,115 Cr
Free cash flow (OCF − Capex)-163 Cr1,183 Cr1,484 Cr371 Cr97 Cr631 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %8.2%3.9%20.2%16.7%0.8%-41.5%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA———418 Cr1,854 Cr1,460 Cr
Gross NPA %———0.0%9.4%7.7%
Net NPA———4 Cr905 Cr594 Cr
Net NPA %———0.0%4.8%3.3%
CET1 %———0.2%20.9%15.0%
Additional Tier 1 %———0.0%0.0%0.0%
ROA %———0.0%0.1%-4.2%