Buy Equitas Small Finance Bank, target price Rs 52: Geojit

Buy Equitas Small Finance Bank, target price Rs 52: Geojit

Synopsis

Equitas Small Finance Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 5576.87 Crore).

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The bank reported net profit after tax of Rs 97.01 Crore in latest quarter.

Geojit has buy call on Equitas Small Finance Bank with a target price of Rs 52. The current market price of

is Rs 44.45. Time period given by analyst is one year when Equitas Small Finance Bank Ltd. price can reach defined target.

Equitas Small Finance Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 5576.87 Crore).

Equitas Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.

Smart Talk

Financials


For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1073.62 Crore, up 2.84 % from last quarter Total Income of Rs 1043.98 Crore and up 16.37 % from last year same quarter Total Income of Rs 922.59 Crore. The bank reported net profit after tax of Rs 97.01 Crore in latest quarter.

Investment Rationale

The brokerage initiates coverage on ESFBL by valuing at 1.35x FY24E Adj P/B with a target of Rs. 52 and recommend BUY rating considering better profit growth and improvement in ROA.

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