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Buy Equitas Small Finance Bank Ltd For Target Rs.100 By Motilal Oswal Financial Services Ltd Factoring in near-term pain! Steady RoA recovery; growth to drive medium-term stock performance * Equitas Small Finance Bank (EQUITASB) has demonstrated a strong business growth trajectory with a 26% CAGR in its loan book and 38% CAGR in deposits from FY22-FY24. This growth has improved the bank's CD ratio from 102% in FY22 to 86% currently, and increased the retail deposit mix to 69%. * The ongoing stress in the MFI segment has impacted profitability, but MFI business exposure has...
Buy Equitas Small Finance Bank Ltd For Target Rs.100 By Motilal Oswal Financial Services Ltd
Buy Equitas Small Finance Bank Ltd For Target Rs.100 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-22 06:24:22 pm
Add Equitas Small Finance Bank Ltd For Target Rs.103 By Yes Securities A quarter of higher slippages, softer growth, and one-time PCR augmentation Equitas SFB’s earnings performance in Q1 FY25 was impacted by 1) creation of Rs1.8bn Floating Provision to increase PCR to 70%, 2) persistent elevated slippages in MFI and increased slippages in VF portfolio and 3) sequential contraction in MFI book and deceleration of growth in AHL and VF portfolios. Overall growth in the bank’s loan portfolio moderated to 1.6% qoq/17.8% yoy with disbursements declinin...
Add Equitas Small Finance Bank Ltd For Target Rs.103 By Yes Securities
Add Equitas Small Finance Bank Ltd For Target Rs.103 By Yes Securities
Source: Yes Securities Ltd.
2024-08-10 04:14:56 pm
Add Equitas Small Finance Bank Ltd For Target Rs.103 By Yes Securities A quarter of higher slippages, softer growth, and one-time PCR augmentation Equitas SFB’s earnings performance in Q1 FY25 was impacted by 1) creation of Rs1.8bn Floating Provision to increase PCR to 70%, 2) persistent elevated slippages in MFI and increased slippages in VF portfolio and 3) sequential contraction in MFI book and deceleration of growth in AHL and VF portfolios. Overall growth in the bank’s loan portfolio moderated to 1.6% qoq/17.8% yoy with disbursements declinin...
Add Equitas Small Finance Bank Ltd For Target Rs.103 By Yes Securities
Add Equitas Small Finance Bank Ltd For Target Rs.103 By Yes Securities
Source: Yes Securities Ltd.
2024-08-08 10:54:27 am
Buy Equitas Small Finance Ltd. For Target Rs.125 By Motilal Oswal Financial Services Earnings in line despite one-offs; business growth steady Asset quality ratios deteriorate slightly * Equitas SFB (EQUITASB) reported in-line earnings for 4QFY24 at INR2.08b (up 9.3% YoY). However, adjusted for one-off items, the bank reported a PAT of INR2.33b. * AUM growth was steady at 21% YoY/3% QoQ to INR337b, driven by healthy traction in most segments (barring NBFC and new CV). The management expects credit growth to remain robust at 25% YoY in FY25. * Deposit growth was st...
Buy Equitas Small Finance Ltd. For Target Rs.125 By Motilal Oswal Financial Services
Buy Equitas Small Finance Ltd. For Target Rs.125 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-14 03:21:13 pm
Buy Equitas Small Finance Bank Ltd. For Target Rs.118 By Yes Securities A good quarter Equitas SFB delivered a sturdy quarter which was characterized by 1) RoA/RoE of 2%/15% adjusted for one-offs/lumpy items (both adverse and beneficial), 2) purposeful LDR correction (from 91.5% to 87%), 2) prudential loan growth (pivoted on better RoA products and avoiding aggression in current rate environment), 3) reasonably strong overall/granular deposits mobilization along with moderated increase in CoF, 4) 20 bps NIM decline which had additional impact of increased bala...
Buy Equitas Small Finance Bank Ltd. For Target Rs.118 By Yes Securities
Buy Equitas Small Finance Bank Ltd. For Target Rs.118 By Yes Securities
Source: Yes Securities Ltd.
2024-05-15 03:49:48 pm
Buy Equitas Small Finance Bank Ltd Strong show led by surge in ordersStrong show led by surge in orders Ltd For Target Rs.125 - Motilal Oswal Financial Services Ltd Growth outlook steady; RoA to sustain at ~2% Estimate 24% earnings CAGR over FY24-26 * EQUITASB has been delivering consistent performance, with steady improvements in both asset quality and return ratios. The bank is well poised to report steady operating performance, backed by robust loan growth, healthy margins, and controlled credit costs. * The bank focuses on building a diversified loan book, with Small Business Loans (SBL), Vehicle Finance, and Housing Finance being the key b...
Buy Equitas Small Finance Bank Ltd Strong show led by surge in ordersStrong show led by surge in orders Ltd For Target Rs.125 - Motilal Oswal Financial Services Ltd
Buy Equitas Small Finance Bank Ltd Strong show led by surge in ordersStrong show led by surge in orders Ltd For Target Rs.125 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-04-20 09:59:53 am
Buy Equitas Small Finance Bank Ltd. For Target Rs.125 By Yes Securities Manages to maintain 2% RoA Equitas SFB’s PPOP beat of 6% on our estimate, despite 2% NII miss, was led by higher treasury income and lower opex. The bank managed to maintain RoA/RoE at 2%/14.5% despite the marginal increase in credit cost on further normalization of NPL additions/reductions. While the portfolio spread was stable at 10.2%, NIM declined by 6 bps on increased BS liquidity on moderation of CD ratio (fell from 93% to 90%). Gross advances grew 5% qoq/32% yoy even though di...
Buy Equitas Small Finance Bank Ltd. For Target Rs.125 By Yes Securities
Buy Equitas Small Finance Bank Ltd. For Target Rs.125 By Yes Securities
Source: Yes Securities Ltd.
2024-04-11 10:45:48 am
Add Equitas Small Finance Bank Ltd For Target Rs.115 - JM Financial Institutional Securities Equitas SFB reported a core PPOP of INR 3.3bn (+36% YoY, +6% QoQ) on account of strong credit growth across segments (AUM growth +37% YoY, +6% QoQ) and controlled opex (+2% QoQ , +20% YoY). NIMs declined to 8.43% (-33bps QoQ) on account of majority of deposits being repriced in 2Q24 and management maintained its NIM guidance of 8.5% for FY24E. AUM stood at INR 312bn (+37% YoY/+6% QoQ) led by vehicle finance, small business loans and affordable housing loans. Deposit growth remains strong (+42...
Add Equitas Small Finance Bank Ltd For Target Rs.115 - JM Financial Institutional Securities
Add Equitas Small Finance Bank Ltd For Target Rs.115 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-10-28 12:34:27 pm
Equitas Small Finance Bank gains on reporting 42% rise in total deposits during Q2FY24 Equitas Small Finance Bank is currently trading at Rs. 91.90, up by 0.54 points or 0.59% from its previous closing of Rs. 91.36 on the BSE.The scrip opened at Rs. 91.41 and has touched a high and low of Rs. 92.79 and Rs. 90.67 respectively. So far 120823 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.16 on 27-Jul-2023 and a 52 week low of Rs. 47.10 on 20-Oct-2022.Last one week high and low of the scrip stood at Rs. 94.39 an...
Equitas Small Finance Bank gains on reporting 42% rise in total deposits during Q2FY24
Equitas Small Finance Bank gains on reporting 42% rise in total deposits during Q2FY24
Source: Accord Fintech
2023-10-05 03:27:40 pm