Equitas Small Finance Bank Limited (EQUITASBNK) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Equitas Small Finance Bank Limited stock ₹29.58, price ₹55.96, that is 47.1% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Equitas Small Finance Bank Limited
EQUITASBNK · NSEOur calculation puts a fair price 47% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range ₹36.99 – ₹113.10 · fair‑value band ₹28.02 – ₹33.35 · the ₹55.96 price screens above the ₹29.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Company profile
Equitas Small Finance Bank Limited provides various banking products and services to individuals and corporates, and micro, small, and medium enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments.
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The company offers fixed and term deposit products, and savings and current accounts, as well as trust, association, society, and club accounts.
It also provides various loans, such as small business loans; vehicle financing, including used and new commercial vehicles and passenger cars; microfinance and microloans; affordable housing finance; MSE and NBFC finance; gold and staff loans; credit cards; and personal loans.
In addition, the company offers lockers; forex services; life insurance products, including traditional, term, and ULIP; general insurance products, such as motor, fire, PA, and Sachet; health insurance products, including SAHI plans; mutual funds; FASTag; and the three-in-one account, comprising bank, demat, and trading.
It serves children and senior citizens, non-resident Indians (NRIs), and farmers through banking outlets, offices, and ATMs. The company was formerly known as Equitas Finance Limited. Equitas Small Finance Bank Limited was incorporated in 1993 and is based in Chennai, India.
Stock analysis
Equitas Small Finance Bank Limited (EQUITASBNK) currently trades at ₹55.96, while our model-based Fair Value estimate is ₹29.58, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹40.11 per share, and 1 of the 4 models we run sit above the ₹55.96 price.
Bear case: the Economic Profit group reads lowest at ₹29.58, and 3 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹28.02 (bear) to ₹33.35 (bull), the price of ₹55.96 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Equitas Small Finance Bank Limited reported revenue of ₹78.7B in FY2026 versus ₹39.3B in FY2022, a compound +18.9%/yr. Reported net income was ₹1.0B in FY2026, compounding −22.2%/yr from FY2022.
Key figures
Market cap ₹64.2B (≈ $685M) Small · P/E ratio 9.1 · P/S ratio 1.29 · EPS (TTM) ₹6.15 · Net margin 14.1% · Return on equity 11.4% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 30.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −47%, EQUITASBNK screens richer than that median.
Fair Value models
All 4 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Compare Equitas Small Finance Bank Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 999 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.63 | ¥7.59 | +35% | vs EQUITASBNK |
| China Merchants Bank Co 600036 | ¥42.56 | ¥52.73 | +24% | vs EQUITASBNK |
| BNP Paribas SA BNP | €95.77 | €107.43 | +12% | vs EQUITASBNK |
| Intesa Sanpaolo S.p.A ISP | €6.30 | €4.91 | −22% | vs EQUITASBNK |
| UniCredit S.p.A UCG | €84.24 | €58.08 | −31% | vs EQUITASBNK |
| Oversea-Chinese Banking Corporation O39 | 28.82 SGD | 18.20 SGD | −37% | vs EQUITASBNK |
| Mizuho Financial Group MFG | $10.16 | $5.87 | −42% | vs EQUITASBNK |
| DBS Group D05 | 70.97 SGD | 40.39 SGD | −43% | vs EQUITASBNK |
| HDFC Bank Limited HDFCBANK | ₹806.60 | ₹406.39 | −50% | vs EQUITASBNK |
| ICICI Bank Limited ICICIBANK | ₹1,572 | ₹615.63 | −61% | vs EQUITASBNK |
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Frequently asked questions
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Key figures of Equitas Small Finance Bank Limited
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