Regulatory
MEDIUMTrigger: High CD ratio limits growth runway without proportional deposit mobilisation and creates ALM sensitivity
Monitor: regulatory
Jana Small Finance Bank Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +30.6%Average
In , Jana Small Finance Bank Ltd (Banks - Small Finance) is outperforming Nifty 500 with +30.6% relative strength. Fundamentals: Average.
Jana Small Finance Bank Ltd Key Facts
- PE Ratio
- 14.7x
- Market Cap
- ₹4,793 Cr
- PAT Growth YoY
- +14%
- Revenue Growth YoY
- +22%
- RS vs Nifty 500
- +30.6%
PB: Near TroughFalling Knife
What's Happening
🔻Earnings declining and PB falling — fundamentals deteriorating
👔Promoter stake down 0.5% this quarter
🏛️DII reducing — stake down 3.2%
🏦GNPA at 2.46% and improving — strong asset quality
💰Trading 14% above estimated fair value
Key Risks
1. Regulatory
MEDIUM2. Regulatory
MEDIUM3. Labor
MEDIUMKey Numbers
PAT Growth YoY
+14%
Inflection Up
Revenue YoY
+22%
Accelerating
GNPA
2.46%
Improving
Price to Book
1.1
Current Price
₹455
Fundamental Score
58/100
Average
3Y PAT CAGR
+8%
Market Cap
4.8K Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Jana Small Finance Bank Ltd?
Earnings deceleration risks from management commentary
Regulatory
MEDIUMTrigger: Declining CASA QoQ despite growth initiatives constrains long-term cost of funds improvement
Monitor: regulatory
Labor
MEDIUMTrigger: Wage code implementation and new business investment are one-time cost headwinds that should normalize but compress near-term profitability
Monitor: labor
Regulatory
LOWTrigger: Absolute GNPA balance still rising despite ratio improvement signals continued portfolio healing required; declining PCR reduces buffer
Monitor: regulatory
What Is Jana Small Finance Bank Ltd's Management Saying?
Key quotes from recent conference calls
“CD ratio at 94.5% v/s 93.3% as at 31st March 2025; credit to deposits ratio at 82.9% after adjusting for refinance [Risk (regulatory): MEDIUM]”
“CASA growth of 23% y-o-y and (5%) q-o-q to Rs. 6,418 Crs; CASA ratio at 18% vs 20% in Q3 FY26 [Risk (regulatory): MEDIUM]”
“Investment in new businesses leading higher people costs (ex. Collections, Used Cars..) of Rs. 55 crs; new wage code of Rs. 12 crs [Risk (labor): MEDIUM]”
“Closing GNPA Balance Q4 FY26 at 847 crores vs 829 in Q3 FY26; PCR declined to 63.10% from 64.44% [Risk (regulatory): LOW]”
How Fast Is Jana Small Finance Bank Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +22% | +20% | Accelerating |
| PAT (Net Profit) | +14% | +8% | Inflection Up |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 29, 2026.
Other Top Banks - Small Finance Stocks Beating Nifty 500
Frequently Asked Questions: Jana Small Finance Bank Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Jana Small Finance Bank Ltd's latest quarterly results?
Jana Small Finance Bank Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +13.8% (turning around (inflection up))
- Revenue Growth YoY: +22.0%
- Net Interest Margin: -9.00%
- Gross NPA: 2.46%
Is Jana Small Finance Bank Ltd's profit growing or declining?
Jana Small Finance Bank Ltd's profit is growing with an turning around (inflection up) trend.
- PAT Growth YoY: +13.8% (latest quarter)
- PAT Growth QoQ: +1300.0% (sequential)
- 3-Year PAT CAGR: +8.4%
- Trend: Turning around (inflection up) — consistent growth pattern
What is Jana Small Finance Bank Ltd's revenue growth trend?
Jana Small Finance Bank Ltd's revenue growth trend is accelerating.
- Revenue Growth YoY: +22.0%
- Revenue Growth QoQ: +5.2% (sequential)
- 3-Year Revenue CAGR: +20.3%
What is Jana Small Finance Bank Ltd's asset quality trend?
Jana Small Finance Bank Ltd's asset quality trend is improving.
- Gross NPA: 2.46%
- Net NPA: 0.92%
- GNPA Change YoY: -0.3% bps
What is Jana Small Finance Bank Ltd's 3-year profit and revenue CAGR?
Jana Small Finance Bank Ltd's long-term compounding rates
- 3-Year Profit CAGR: +8.4%
- 3-Year Revenue CAGR: +20.3%
Is Jana Small Finance Bank Ltd's growth accelerating or decelerating?
Jana Small Finance Bank Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
- YoY Acceleration: +93.8% bps
- Sequential Acceleration: +100.0% bps
What is Jana Small Finance Bank Ltd's trailing twelve month (TTM) performance?
Jana Small Finance Bank Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹327 Cr
- TTM PAT Growth: -34.9% YoY
- TTM Revenue: ₹5,000 Cr
- TTM Revenue Growth: +14.5% YoY
Is Jana Small Finance Bank Ltd overvalued or undervalued?
Jana Small Finance Bank Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 14.7x
- Price-to-Book: 1.1x
What is Jana Small Finance Bank Ltd's current PE ratio?
Jana Small Finance Bank Ltd's current PE ratio is 14.7x.
- Current PE: 14.7x
- Market Cap: 4.8K Cr
How does Jana Small Finance Bank Ltd's valuation compare to its history?
Jana Small Finance Bank Ltd's current PE is 14.7x.
- Current PE: 14.7x
- Valuation Assessment: Overvalued
What is Jana Small Finance Bank Ltd's price-to-book ratio?
Jana Small Finance Bank Ltd's price-to-book ratio is 1.1x.
- Price-to-Book (P/B): 1.1x
- Book Value per Share: ₹421
- Current Price: ₹455
Is Jana Small Finance Bank Ltd a fundamentally strong company?
Jana Small Finance Bank Ltd is rated Average with a fundamental score of 58.3/100. This score is calculated from objective financial metrics
- PAT Growth YoY: +13.8% (20% weight)
- PAT Growth QoQ: +1300.0% (15% weight)
- Earnings trend: inflection_up (5% weight)
Is Jana Small Finance Bank Ltd debt free?
Jana Small Finance Bank Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹5,000 Cr
What is Jana Small Finance Bank Ltd's return on equity (ROE) and ROCE?
Jana Small Finance Bank Ltd's return ratios over recent years
- FY2024: ROE 26.0%
- FY2025: ROE 13.0%
- FY2026: ROE 8.0%
Is Jana Small Finance Bank Ltd's cash flow positive?
Jana Small Finance Bank Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹594 Cr
- Free Cash Flow (FCF): ₹-4,000 Cr
- CFO/PAT Ratio: 182% (strong cash conversion)
What is Jana Small Finance Bank Ltd's dividend yield?
Jana Small Finance Bank Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹455
Who holds Jana Small Finance Bank Ltd shares — promoters, FII, DII?
Jana Small Finance Bank Ltd's shareholding pattern (Mar 2026)
- Promoters: 21.9%
- FII (Foreign): 4.3%
- DII (Domestic): 14.3%
- Public: 57.6%
Is promoter holding increasing or decreasing in Jana Small Finance Bank Ltd?
Jana Small Finance Bank Ltd's promoter holding has decreased recently.
- Current Promoter Holding: 21.9% (Mar 2026)
- Previous Quarter: 21.9% (Dec 2025)
- Change: -0.01% (decreasing — worth monitoring)
How long has Jana Small Finance Bank Ltd been outperforming Nifty 500?
Jana Small Finance Bank Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
Is Jana Small Finance Bank Ltd a new momentum entry or an established outperformer?
Jana Small Finance Bank Ltd is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Jana Small Finance Bank Ltd?
Jana Small Finance Bank Ltd has 4 key risks worth monitoring
- [MEDIUM] Regulatory — High CD ratio limits growth runway without proportional deposit mobilisation and creates ALM sensitivity
- [MEDIUM] Regulatory — Declining CASA QoQ despite growth initiatives constrains long-term cost of funds improvement
- [MEDIUM] Labor — Wage code implementation and new business investment are one-time cost headwinds that should normalize but compress near-term profitability
- [LOW] Regulatory — Absolute GNPA balance still rising despite ratio improvement signals continued portfolio healing required; declining PCR reduces buffer
What did Jana Small Finance Bank Ltd's management say in the latest earnings call?
In Q4 FY26, Jana Small Finance Bank Ltd's management highlighted
- "CD ratio at 94.5% v/s 93.3% as at 31st March 2025; credit to deposits ratio at 82.9% after adjusting for refinance [Risk (regulatory): MEDIUM]"
- "CASA growth of 23% y-o-y and (5%) q-o-q to Rs. 6,418 Crs; CASA ratio at 18% vs 20% in Q3 FY26 [Risk (regulatory): MEDIUM]"
- "Investment in new businesses leading higher people costs (ex. Collections, Used Cars..) of Rs. 55 crs; new wage code of Rs. 12 crs [Risk (labor): MED..."
Is Jana Small Finance Bank Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Jana Small Finance Bank Ltd may be worth studying
- Earnings growing at +13.8% YoY
- Revenue growth is accelerating — +22.0% YoY
- Cash flow is positive — CFO ₹594 Cr
What is the investment thesis for Jana Small Finance Bank Ltd?
Jana Small Finance Bank Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +22.0% YoY
Risk Factors (Bear Case)
- Appears overvalued
- Key risk: Regulatory
What is the future outlook for Jana Small Finance Bank Ltd?
Jana Small Finance Bank Ltd's forward outlook based on current data signals
- Earnings Trend: turning around (inflection up)
- Revenue Trend: accelerating
- Valuation: Overvalued
- Key Risk: Regulatory
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.