Utkarsh Small Finance Bank share price today

Utkarsh Small Finance Bank Ltd's share price was ₹11.72 at the close on 4 November 2026. It has been falling for 120 weeks. That is 19.7% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 10 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Utkarsh Small Finance Bank Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹11 and ₹17, and at that close it sat 12% of the way up from that low.

Over the last 3.3 years the share price moved −71% while the NIFTY 500 moved +29%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 28 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit grew again in the June 2026 quarter, bad loans at their lowest share in 7 quarters and indian funds and insurers (DIIs) cut their stake for 3 quarters in a row.

1. Profit grew again in the June 2026 quarter

   Profit was ₹-34 crore, +85.8% on a year earlier (₹-239 crore), after 7 quarters of decline.

   Why: The loss shrank because the bank set aside much less money for bad loans. A guarantee scheme covered about ₹75 crore of the hit.

   Next results: check whether bad loans stay contained as new loans grow, since that keeps the loss small.

   From the earnings call on 3 Aug 2026.

2. Bad loans at their lowest share in 7 quarters

   Gross NPA, the share of loans not being repaid, was 6.09% in the June 2026 quarter, from 11.42% a year earlier.

   Why: Bad loans fell because fewer loans turned bad. Fresh bad loans dropped sharply from a year earlier.

   Next results: check whether recoveries from old secured loans speed up as court cases clear.

   From the earnings call on 3 Aug 2026.

3. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 9.7% to 9.2% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Utkarsh Small Finance Bank reported total income of ₹884 crore, up 0.3% from ₹881 crore a year earlier, and a loss of ₹34.0 crore.

Utkarsh Small Finance Bank results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Utkarsh Small Finance Bank's management discussed these results on a call held on 3 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.

Utkarsh Small Finance Bank closed at ₹11.72 on 4 November 2026, down 30.6% from ₹16.89 a year earlier (7 November 2025) and down 72.5% over three years. Its highest weekly close since July 2023 was ₹53.28 on 12 January 2024.

Utkarsh Small Finance Bank share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

178 weekly closes from 21 July 2023 to 4 November 2026.

4 Nov 2026: Utkarsh Small Finance Bank closed at ₹11.72, up 2.3% on the week and down 12.7% on the month. 3 Aug 2026: Utkarsh Small Finance Bank held its results call for April to June 2026. Management guided: FY27 and FY28 total loan-book growth 25-30%; JLG and microbanking growth 15-20%, with JLG mix around 25% and H2 FY27 carrying acceleration.

Earlier

• Results for April to June 2026: Total income up 0.3% on a year earlier.

Utkarsh Small Finance Bank paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹0.50 a share, ex-date 12 July 2024.

Utkarsh Small Finance Bank dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. Utkarsh Small Finance Bank Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 9 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 3 August 2026, Utkarsh Small Finance Bank's management guided: FY27 and FY28 total loan-book growth 25-30%; JLG and microbanking growth 15-20%, with JLG mix around 25% and H2 FY27 carrying acceleration.

“We are aiming for loan book growth of around 25-30%, with secured lending comprising 65% of the portfolio, maintaining NIM of around 8%, and delivering an ROE of 15% by FY28.”Govind Singh, on the call for April to June 2026

What management guided

• FY28 secured lending 65% of portfolio, with continued shift away from JLG.
• FY28 NIM around 8% and ROE 15%.
• Exit-FY27 ROE in double digits.
• Credit cost guided conservatively around 3-3.5%; exact ceiling unclear in the response.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026.

When Utkarsh Small Finance Bank reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Post-guardrail JLG and MBBL asset quality to remain contained as new-guardrail disbursements scale under strengthened underwriting.

Utkarsh Small Finance Bank is on 2 of our India lists: Penny stocks and Bank stocks.

Utkarsh Small Finance Bank Ltd posted a net loss of ₹34.0 Cr in the Jun 2026 quarter. The full FY26 year was a loss of ₹1,151 Cr. That loss is 3.8% of the quarter's revenue. The same quarter a year earlier lost ₹239 Cr. 6 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹1,151 Cr (−4,895.8% on the year before).

Utkarsh Small Finance Bank Ltd reported ₹884 Cr of income in the Jun 2026 quarter, +0.3% on the same quarter a year earlier. Over 8 years it has grown 26.4% a year on average. The last full year, FY26, came in at ₹3,379 Cr. The last four reported quarters add to ₹3,382 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

FY26 revenue was ₹3,379 Cr, −10.3% on the year before.

Recent pace: the last four quarters grew −7.9% on average, against 26.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −8.1%, against −0.6% a year over the last 8 quarters (rolling over).

Utkarsh Small Finance Bank Ltd's net margin was −3.8% in the Jun 2026 quarter, 23.3 percentage points higher than the same quarter a year ago. Across 9 years it has been between −34.1% and 16.1%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Utkarsh Small Finance Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 6.09% in Jun 2026, down from 11.42% a year ago. After the money already set aside for bad loans, 2.86% is left (net NPA). That is the 3rd quarter in a row of improvement.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Across the 12 quarters on file it has been between 2.51% and 12.42%. Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Jun 2026, gross NPA was 6.09% and net NPA 2.86%, against 11.42% and 5.00% a year ago.

In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

Utkarsh Small Finance Bank Ltd's revenue was ₹3,379 Cr in FY26, −10.3% on the year before, so the loan book is not growing. The latest quarter was +0.3% on a year earlier. The net margin on that income is −3.8%, +23.3 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Utkarsh Small Finance Bank Ltd's P/BV is 0.8×, near the low end of its own history: it has been lower only 9% of the time. Its usual P/BV (the middle reading) is 1.2×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is low: this lender earns about −40% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve.

Why the multiple is where it is: over the past year book value grew while the price moved −30.6%. Price and book value moved together, so the multiple stayed in its range.

Where the price move came from: over 3 years the price moved −35.0% a year; about +2.9% a year came from book-value growth and about −37.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple.

Utkarsh Small Finance Bank Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −8.1% in the latest quarter, against +156.2% at its best in 12 quarters, with ROE falling at -34.0%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Utkarsh Small Finance Bank Ltd earned a return on equity of −40% in FY26. That is its lowest yearly reading on file. On its assets, every ₹100 earned about −₹2.36, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together.

Two numbers rate a bank: ROE, what it earns on shareholders’ money, and ROA, what it earns on all its assets. An ROE above about 13 to 15% is healthy; below that, net worth grows slowly.

That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is.

Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data.

For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead.

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here.

Promoters cut their stake in Utkarsh Small Finance Bank Ltd by 26.3 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 42.7% of the company. Foreign institutions moved +9.4 points over the same period, to 10.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −26.3 points over 8 quarters, to 42.7%; Foreign institutions: +9.4 points over 8 quarters, to 10.4%; Domestic institutions: −0.9 points over 8 quarters, to 9.2%.

Why the owners changed: promoters drove it (−26.3 points), with the other side taken by foreign institutions (+9.4 points). They reduced their stake.

For Utkarsh Small Finance Bank Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

26.0 out of 100, rank 9 of 9 in Banks - Small Finance, with 74% of the evidence available.

Utkarsh Small Finance Bank Ltd scores 26.0 out of 100 against the 9 companies it is compared with in Banks - Small Finance, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 10.8 + 0.5 + 9.2 + 5.5 = 26. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Utkarsh Small Finance Bank ranks 9 of 9 Banks - Small Finance companies on the 4-Factor Sector Score, with 26.0 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Banks - Small Finance, all 9 compared on one page.

Utkarsh Small Finance Bank is the 6th largest of 9 Banks - Small Finance companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Equitas Small Finance Bank, Jana Small Finance Bank and ESAF Small Finance Bank. Just below it: Suryoday Small Finance Bank, Capital Small Finance Bank and Fino Payments Bank.

Banks - Small Finance companies close in size

3. Equitas Small Finance Bank Ltd ₹6,131 crore
4. Jana Small Finance Bank Ltd ₹3,953 crore
5. ESAF Small Finance Bank Ltd ₹2,192 crore
6. Utkarsh Small Finance Bank Ltd ₹2,039 crore
7. Suryoday Small Finance Bank Ltd ₹1,432 crore
8. Capital Small Finance Bank Ltd ₹1,236 crore
9. Fino Payments Bank Ltd ₹972 crore

All 9 Banks - Small Finance companies, largest first

Companies close in size in other industries

1231. Mukand Ltd ₹2,044 crore · Steel
1232. One Point One Solutions Ltd ₹2,041 crore · IT Enabled Services
1233. Utkarsh Small Finance Bank Ltd ₹2,039 crore
1234. BGR Energy Systems Ltd ₹2,034 crore · Infra - Engineering - General
1235. Jain Irrigation Systems Ltd ₹2,034 crore · Irrigation System

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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