Suryoday Small Finance Bank Limited (SURYODAY) fair value: what the stock is really worth
We calculate from audited financials what Suryoday Small Finance Bank Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹78.15 – ₹237.25 · fair‑value band ₹155.21 – ₹179.97 · the ₹148.05 price screens below the ₹163.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Suryoday Small Finance Bank Limited provides financial products to micro-entrepreneurs and underserved communities and individuals in India. It operates through Treasury, Retail Banking, Corporate Banking, and Other Banking Operation segments.
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Suryoday Small Finance Bank Limited provides financial products to micro-entrepreneurs and underserved communities and individuals in India. It operates through Treasury, Retail Banking, Corporate Banking, and Other Banking Operation segments. The company offers savings, salary, and current accounts; and term and fixed deposits, recurring, and double joy deposits. It also provides two-wheeler, commercial vehicle, and car loans; micro home loans and micro LAP; home loan; secured business loan; personal loan; MSME loan; merchant loan for business; small business loan; and supply chain finance, as well as joint liability group and individual unsecured loans. In addition, the company offers debit and credit cards; life and general insurance services; social security schemes and mutual funds and broking services; inward and outward remittance services; and internet banking and mobile banking services. The company was incorporated in 2008 and is based in Navi Mumbai, India.
Stock analysis
Suryoday Small Finance Bank Limited (SURYODAY) currently trades at ₹148.05, while our model-based Fair Value estimate is ₹163.16, implying the stock looks roughly 9.3% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of ₹1,137 per share, and 5 of the 6 models we run sit above the ₹148.05 price.
Bear case: the Asset-Based group reads lowest at ₹131.01, and 1 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹155.21 (bear) to ₹179.97 (bull), the price of ₹148.05 sits below 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 53/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Suryoday Small Finance Bank Limited reported revenue of ₹25.2B in FY2026 versus ₹10.4B in FY2022, a compound +24.9%/yr. Reported net income was ₹1.5B in FY2026.
Key figures
Market cap ₹19.4B (≈ $203M) · P/E ratio 10.4 · P/S ratio 0.62 · EPS (TTM) ₹14.29 · Net margin 6.0% · Return on equity 7.6% · Return on assets (EBIT) 0.7% · Operating margin 18.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −33% fair-value upside, at 10%, SURYODAY screens cheaper than that median.
Fair Value models
Bear ₹155.21Fair Value ₹163.16Bull ₹179.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹6.54 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+16.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.2%
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+46.6%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14% vs 11%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 8%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Suryoday Small Finance Bank Limited with another stock
Price, fair value, quality and upside side by side.
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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 · 1077 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+35% · Top 25%
Profitability
Return on equity (TTM)8% · Below median
Return on assets1% · Below median
Net margin (TTM)12% · Bottom 25%
Operating margin (TTM)18% · Bottom 25%
Growth and dividend
Revenue growth73% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Suryoday Small Finance Bank Limited Fair Value". https://www.fairvalue-calculator.com/stock/SURYODAY
Frequently asked questions
Is Suryoday Small Finance Bank Limited (SURYODAY) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹163.16 versus a price of ₹148.05, about +10% upside (undervalued).
What is the fair value of SURYODAY?
Our model-based fair value for Suryoday Small Finance Bank Limited is ₹163.16 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹148.05.
What is the quality score of SURYODAY?
Suryoday Small Finance Bank Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Suryoday Small Finance Bank Limited (SURYODAY)?
Our model-based price target is the fair value of ₹163.16 (as of Sep 13, 2026) from 6 valuation models. Cautious scenario ₹155.21, optimistic scenario ₹179.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Suryoday Small Finance Bank Limited stock forecast for 2026?
Our models put fair value at ₹163.16, about +10% upside versus a price of ₹148.05 (undervalued). Cautious scenario ₹155.21, optimistic scenario ₹179.97. The calculation is refreshed regularly with new filings.
What is the revenue of Suryoday Small Finance Bank Limited (SURYODAY)?
Suryoday Small Finance Bank Limited reported trailing-twelve-month revenue of about ₹12.7B (latest available figure, as of Sep 13, 2026).
What growth is priced into Suryoday Small Finance Bank Limited (SURYODAY)?
For today's price to be fair in a discounted-cash-flow model, Suryoday Small Finance Bank Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.2 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of SURYODAY use?
Our models discount Suryoday Small Finance Bank Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.48, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Suryoday Small Finance Bank Limited that is less than minus 40 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Suryoday Small Finance Bank Limited (SURYODAY) delivered so far?
Over the past 5 years revenue at Suryoday Small Finance Bank Limited grew +24.2 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Suryoday Small Finance Bank Limited (SURYODAY) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Suryoday Small Finance Bank Limited (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Suryoday Small Finance Bank Limited (SURYODAY)?
The free-cash-flow yield on the price is 36.63 %: that much free cash flow Suryoday Small Finance Bank Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Suryoday Small Finance Bank Limited (SURYODAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Suryoday Small Finance Bank Limited it is ₹163.16 per share (as of Sep 13, 2026), against a price of ₹148.05. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Suryoday Small Finance Bank Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SURYODAY trades below its calculated fair value: price ₹148.05, fair value ₹163.16, a gap of about +10% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SURYODAY?
No. The price is what the market pays today (₹148.05); the fair value is what the company's own numbers justify (₹163.16). For Suryoday Small Finance Bank Limited the two are ₹15.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Suryoday Small Finance Bank Limited worth?
The market values Suryoday Small Finance Bank Limited at about ₹19.4B (market capitalisation, as of Sep 13, 2026). Per share that is ₹148.05; our models calculate a fair value of ₹163.16 per share.
What do the bullish and bearish scenarios say about SURYODAY?
Our models span a range for Suryoday Small Finance Bank Limited: cautious scenario ₹155.21, base ₹163.16, optimistic ₹179.97 per share (as of Sep 13, 2026, price ₹148.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SURYODAY?
Suryoday Small Finance Bank Limited trades at a price-to-earnings ratio of 10.4 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹163.16 is built from several models across several years. Other multiples: P/B 0.9, P/S 1.5.
How solid is the balance sheet of Suryoday Small Finance Bank Limited (SURYODAY)?
Balance-sheet figures for Suryoday Small Finance Bank Limited (as of Sep 13, 2026): return on equity 7.6%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is SURYODAY from its 52-week high?
Suryoday Small Finance Bank Limited trades at ₹148.05, about 22% below its 52-week high of ₹190.78 and 28% above the low of ₹115.41 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹163.16 is for.
Which stocks are comparable to Suryoday Small Finance Bank Limited?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Suryoday Small Finance Bank Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹148.05, calculated fair value ₹163.16 (+10%), Quality Score 53/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SURYODAY calculated?
We run Suryoday Small Finance Bank Limited through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹163.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Suryoday Small Finance Bank Limited currently trades 10 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Suryoday Small Finance Bank Limited right now?
The price is below even our cautious bear case (₹155.21). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Suryoday Small Finance Bank Limited (SURYODAY) come from?
Earnings per share at Suryoday Small Finance Bank Limited grew +11.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +24.6 %, EBIT margin −12.2 %, tax rate +1.8 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Suryoday Small Finance Bank Limited
How large is the market capitalisation of Suryoday Small Finance Bank Limited (SURYODAY)?
The market capitalisation of Suryoday Small Finance Bank Limited is ₹19.4B (≈ $203M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Suryoday Small Finance Bank Limited (SURYODAY)?
The price-to-sales ratio of Suryoday Small Finance Bank Limited is 0.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Suryoday Small Finance Bank Limited (SURYODAY)?
Earnings per share at Suryoday Small Finance Bank Limited are ₹14.29 (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Suryoday Small Finance Bank Limited (SURYODAY)?
The net margin of Suryoday Small Finance Bank Limited is 6.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Suryoday Small Finance Bank Limited (SURYODAY)?
The return on equity (ROE) of Suryoday Small Finance Bank Limited is 7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Suryoday Small Finance Bank Limited (SURYODAY)?
On an EBIT basis the return on assets of Suryoday Small Finance Bank Limited is 0.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Suryoday Small Finance Bank Limited (SURYODAY)?
The operating margin of Suryoday Small Finance Bank Limited is 18.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Suryoday Small Finance Bank Limited (SURYODAY)?
Revenue at Suryoday Small Finance Bank Limited is growing +73.0% versus a year earlier (3y avg +25.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Suryoday Small Finance Bank Limited (SURYODAY)?
Earnings per share at Suryoday Small Finance Bank Limited are growing +10.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Suryoday Small Finance Bank Limited (SURYODAY) carry?
The net debt of Suryoday Small Finance Bank Limited is ₹10.2B (fiscal year 2026, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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