Suryoday Small Finance Bank Ltd

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NSEBSE

187.95-1.65 (-0.87%)

03:49 PM,1st Mar 2024

187.90-2.10 (-1.11%)

04:01 PM,1st Mar 2024

BSE : 543279

NSE : SURYODAY

Sector : Financials

ISIN Code : INE428Q01011

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1995

Turnover (₹ Cr)

1.24

Volume (Shares)

660128

Face Value

10

52-WK High

204.40

52-WK High Date

23 Feb 2024

52-WK Low

90.50

52-WK Low Date

28 Mar 2023

All Time High

296.35

All Time High Date

26 Mar 2021

All Time Low

77.00

All Time Low Date

01 Jul 2022

Suryoday Small Finance Bank Ltd

The Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai Tamil Nadu as a private limited company under the Companies Act 1956 pursuant to the certificate of incorporation dated 10 November 2008 issued by the Assistant Registrar of Companies Tamil Nadu Andaman and Nicobar Islands at Chennai. Subsequently our Bank was converted into a public limited company and the name of our Bank was changed to Suryoday Micro Finance Limited and a fresh certificate of incorporation dated 16 June 2015 was issued by the RoC. Our Bank was granted the in-principle and final approval to establish a small finance bank (SFB) by the RBI pursuant to its letters dated 07 October 2015 and 26 August 2016 respectively. Pursuant to our Bank being established as an SFB the name of our Bank was changed to Suryoday Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on 13 January 13 2017. The Bank commenced its business with effect from 23 January 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated 24 July 2017 issued by the RBI and published in the Gazette of India on 02 September 2017. The bank has a wide presence across 13 states and UTs across India through its 556 banking outlets with a strong presence in Maharashtra Tamilnadu and Odisha.The Bank is primarily engaged in extending micro credit to economically weaker women who are otherwise unable to access finance from the mainstream banking channels. The Bank broadly follows the Grameen model with suitable adaptations using the Joint Liability Groups (JLG) framework where each member of the group guarantees the loan repayment of the other members of the group. The Bank also provides finance for mortgage loans commercial vehicles loans to micro small and medium enterprises and loans to Non-banking finance companies (NBFCs).During the FY2016the Company raised Rs 746 Crore by way of debt facilities from various lenders and Rs 72 Crores by way of loan portfolio securitization.The Company has issued 4395907 equity shares by way of rights issue in July 2015. The capital was raised to ensure adequate capital to support growth and expansion including enhancing the Company's solvency and capital adequacy ratio and for general corporate purposes. The Company issued and allotted 1000000 equity shares to Mr. R. Baskar Babu on a preferential basis. The same was approved by the members of the Company at their Extraordinary General Meeting held on 24 December 2015.During the FY2017 25560469 equity shares of the face value of Rs. 10/- each were allotted by way of Rights issues Private Placement issues and Preferential Allotment issues in various tranches bringing in a total inflow of Rs. 289.27 crore.The bank has raised Rs 501.29 crore by way of debt facilities from various lenders and Rs. 261.28 crores by way of loan portfolio buys outs/securitization during the Financial Year 2016-2017.During the year 2017-18 3100000 equity shares of Rs. 10/- each were allotted by way of preferential issue. The Bank has 28 fully operational bank branches as of June 2018 including conversion of 2 micro finance lending outlets into banking outlets in addition to 213 micro finance lending focused outlets. The Bank also has onsite ATMs at almost all branches. The Gross Loan Portfolio at Rs 2920 crore showed a year-on-year increase of 76% whereas the Total deposits grew by 113% from Rs 750 crore as at Mar 2018 to Rs 1593 crore as at March 2019 with retail deposits accounting for almost 50% share. The AUM grew by 71% to Rs 3003 crore with 20% of this contributed by Affordable Home Loans Commercial Vehicle Finance and SME & NBFC funding.The number of banking outlets increased from 241 in March 2018 to 382 in March 2019 comprising of 211 asset centres and 171 other outlets (including 68 URCs). During the FY2020the bank has issued 4500000 equity shares through private placement pursuant to shareholder's approval aggregating to Rs 63 crore.The Gross Loan Portfolio at Rs 3742 crore (excluding the impact of write-off) grew by 26% over that of the previous year and the total deposits at Rs 2849 crore grew by 79% over that of the previous year.The number of banking outlets increased from 382 in March 2019 to 477 in March 2020 including 133 Unbanked Rural Centres.During the second quarter of FY21 ended 30 Septernber 2020 the Bank issued 2390020 equity shares through private placernent pursuant to shareholder's approval aggregating to Rs 62.14 crore.The Bank also issued unsecured subordinated non-convenible debentures for Rs 100 crore during the quarter ended 30 Septernber 2020.During the year ended 31 March 2021 the Bank successtully completed lnitial public offer (lPo) and got listed on 26 March 2021 on Natiohal stock Exchange (NSEJ and BSE Ltd.

Suryoday Small Finance Bank Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1995

EPS - TTM (₹) [S]

18.28

P/E Ratio (X) [S]

1.14

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]164.15
P/B Ratio (₹) [S]1.14
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
AXIS Small Cap Fund (IDCW) 46.42 2784736 0.24
AXIS Small Cap Fund - Direct (G) 46.42 2784736 0.24
AXIS Small Cap Fund - Direct (IDCW) 46.42 2784736 0.24
AXIS Small Cap Fund (G) 46.42 2784736 0.24
AXIS Flexi Cap Fund (G) 25.79 1547246 0.23
AXIS Flexi Cap Fund (IDCW) 25.79 1547246 0.23
AXIS Flexi Cap Fund - Direct (G) 25.79 1547246 0.23
AXIS Flexi Cap Fund - Direct (IDCW) 25.79 1547246 0.23
AXIS Equity Hybrid Fund - Regular (IDCW-M) 5.71 342760 0.36
AXIS Equity Hybrid Fund - Direct (IDCW-Q) 5.71 342760 0.36

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

186.90

197.65

Week Low/High

182.65

204.00

Month Low/High

162.05

204.00

Year Low/High

90.50

204.00

All time Low/High

77.20

296.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-5.74%-5.46%0.820.57%
1 Month13.84%13.98%2.932.96%
3 Month19.94%19.83%9.2810.22%
6 Month6.91%6.67%12.7814.94%
1 Year88.93%88.61%24.1328.01%
3 Year%%47.9351.33%

Company Info

Company Information

ED / MD / CEO / Promoter : Ramachandran Baskar Babu

Registered Office: 1101 Sharda Terrace Plot 65, Sector 11 CBD Belapur,Navi Mumbai,Maharashtra-400614 Ph:

Email:company.secretary@suryodaybank.com

URL: