Suryoday Small Finance Bank Ltd (Banks - Small Finance) — fundamental analysis, earnings data, and key metrics. PE: 19.9. ROE: 6.2%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 (Dec 2025) earnings • Updated Mar 14, 2026
What: CASA ratio improved to 44.2% with retail deposits at 87%, reducing cost of funds
Impact: +₹100 Cr revenue
“Management: 'With the increasing share of the paying book, we would like to see that our CTI goes below 65%'”
What: GNPA reduced 40bps QoQ to 6.6% with NNPA down 50bps to 2.1%
Impact: +₹125 Cr revenue
“Management: 'This quarter fundamentally... is far, far stronger than the previous quarter... reduced slippages, increased business momentum'”
What: Mortgage book up 39% YoY; commercial vehicle portfolio up 35% YoY
Impact: +₹350 Cr revenue
“Management: 'Disbursements for 9M FY26 were ₹6,230 cr, up 30.2% from previous year'”
Earnings deceleration risks from management commentary
Trigger: If collection efficiency drops below 98%
Impact: -20 bps margin impact
Management view: Management: 'We have had a few slippages in our lab business which we are trying to resolve'
Monitor: MFI collection efficiency
Trigger: If deposit rate wars intensify
Impact: -8 bps margin impact
Management view: Management: 'While the industry has shown a more significant drop quarter on quarter... we have only had improvement of... 10bps'
Monitor: Cost of funds vs peers
Key quotes from recent conference calls
“With the increasing share of the paying book, we would like to see that our CTI goes below 65%. Currently the CTI is a little elevated because I'm still carrying almost 800 crores of non paying book. — Baskar Babu Ramachandran”
“Of the 155 crores of slippages that we have in Q3, the split is 116 crores in MFI and 39 crores in the retail asset business. — Rahul Kumar”
“Disbursements for the 9-month period ended December 2025 were ₹6,230 crore, up 30.2% from the previous year. The inclusive finance segment saw disbursements return to earlier run rates, with collection efficiency nearing 99.5%. — Baskar Babu Ramachandran”
“We had a claim of about 340 crores in Q2. We had a 70 crore claim prior to that and 30 crores last year. So the 250 crore that Bhaskar talked about is the cumulative clear premium that we have paid ever since we subscribed to the program since FY22. — Unidentified Participant”
Forward-looking targets from management for FY27
Revenue Growth Target
18.5%
Implied PAT Growth
15.2%
OPM Guidance
32.5%
Capex Plan
₹250 Cr
Credit Growth Target
22%
NIM Guidance
7.8%
Key Milestones
• CTI below 65% by Q4 FY26
• ROE above 11% by Q4 FY26
• Loan growth 20-22% in FY27
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 14, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Suryoday Small Finance Bank Ltd's latest quarterly results (Dec 2025) show
Suryoday Small Finance Bank Ltd's current PE ratio is 19.9x.
Suryoday Small Finance Bank Ltd's price-to-book ratio is 0.7x.
Suryoday Small Finance Bank Ltd's fundamental strength based on key financial ratios
Suryoday Small Finance Bank Ltd has a debt-to-equity ratio of N/A.
Suryoday Small Finance Bank Ltd's return ratios over recent years
Suryoday Small Finance Bank Ltd's operating cash flow is positive (FY2025).
Suryoday Small Finance Bank Ltd currently does not pay a significant dividend (yield 0.00%).
Suryoday Small Finance Bank Ltd's shareholding pattern (Dec 2025)
Suryoday Small Finance Bank Ltd's promoter holding has remained stable recently.
Suryoday Small Finance Bank Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Suryoday Small Finance Bank Ltd has 3 key growth catalysts identified from recent earnings analysis
Suryoday Small Finance Bank Ltd has 2 key risks worth monitoring
In Q3 FY26 (Dec 2025), Suryoday Small Finance Bank Ltd's management highlighted
Suryoday Small Finance Bank Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Suryoday Small Finance Bank Ltd may be worth studying
Suryoday Small Finance Bank Ltd investment thesis summary:
Suryoday Small Finance Bank Ltd's forward outlook based on current data signals
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.
