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Jana Small Finance Bank Limited (JSFB) Fair Value & Analysis

Financial Services · IN · Market cap ₹50.5B

JS Jana Small Finance Bank Limited JSFB · NSE
Price₹479.10
Fair Value₹402.84
Upside-15.9%
Quality44/100
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Evidence: High Range ₹302.13 – ₹503.55

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −3.0% over the past month.

Price vs Fair Value (12 months)

₹510.24 ₹348.99 Fair Value ₹402.84 Jul 2025 Jul 2026

12‑month range ₹348.99 – ₹510.24 · fair‑value band ₹302.13 – ₹503.55 · the ₹479.10 price screens above the ₹402.84 fair value. As of Jul 3, 2026.

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Analysis

Jana Small Finance Bank Limited (JSFB) currently trades at ₹479.10, while our model-based Fair Value estimate is ₹402.84 — implying the stock looks roughly 15.9% overvalued today. We read business quality at 44/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Jana Small Finance Bank Limited generated revenue of ₹27.8B at a net margin of 11.8%. Revenue grew 17.6% year over year. It earns a return on equity of 7.6%. Net debt stands at ₹29.4B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹27.8B
Revenue growth (YoY) +17.6%
Net margin 11.8%
Return on equity 7.6%
Free cash flow ₹4.7B FY2025
P/E ratio 15.5
More key figures
Operating margin 17.3%
EPS (TTM) ₹30.92
EPS growth (YoY) +12.9%
Net debt ₹29.4B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Jana Small Finance Bank Limited provides banking and financial services to individuals and enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers current and savings accounts; fixed, recurring, and other deposits; and loans, such as two-wheeler, group, business, gold, home improvement, agri group and individual, and home loans, as well as consumer education on loan overdue concepts. It also offers life, general, and health insurance products; cards; and investment and payment services, as well as mobile, internet, and corporate internet banking services. The company was formerly known as Janalakshmi Financial Services Limited and changed its name to Jana Small Finance Bank Limited in March 2018. Jana Small Finance Bank Limited was founded in 1999 and is headquartered in Bengaluru, India.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jana Small Finance Bank Limited reported revenue of ₹63.7B in FY2025 versus ₹30.1B in FY2021, a compound +20.7%/yr. Reported net income was ₹3.3B in FY2025, compounding +107.9%/yr from FY2021.

Revenue +20.7%/yr
FY21 ₹30.1B
FY22 ₹36.3B
FY23 ₹45.1B
FY24 ₹53.7B
FY25 ₹63.7B
Net income +107.9%/yr
FY21 ₹175M
FY22 ₹2.6B
FY23 ₹6.7B
FY24 ₹5.0B
FY25 ₹3.3B

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Frequently asked questions

Is Jana Small Finance Bank Limited (JSFB) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹402.84 versus a price of ₹479.10 — about −16% (overvalued). Model-based estimate, not financial advice.
What is the fair value of JSFB?
Our model-based fair value for Jana Small Finance Bank Limited is ₹402.84 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹479.10.
What is the quality score of JSFB?
Jana Small Finance Bank Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Jana Small Finance Bank Limited (JSFB)?
Jana Small Finance Bank Limited reported trailing-twelve-month revenue of about ₹27.8B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of JSFB?
The net profit margin of Jana Small Finance Bank Limited is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.