# Utkarsh Small Finance Bank share price today (Utkarsh Small Finance Bank Ltd, NSE: UTKARSHBNK)

> Utkarsh Small Finance Bank share price today: ₹12.16 at the NSE close on 3 November 2026, down 40.3% in a year. Utkarsh Small Finance Bank (NSE: UTKARSHBNK) is worth ₹2,156 crore, trades at a P/BV of 0.8 and has closed between ₹11.04 and ₹16.89 over the past 52 weeks. > Utkarsh Small Finance Bank Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. UTKARSHBNK · Banks - Small Finance · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/utkarsh-small-finance-bank-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹12.16 (−40.3% in a year)
- P/BV: 0.8× (lower than 91% of the last 3 years)
- Revenue (Jun 2026): ₹884 Cr (+0.3% on a year ago)
- Profit (Jun 2026): −₹34.0 Cr
- Net margin: −3.8% (+23.3 points on a year ago)
- ROE: −40%, FY26
- Gross NPA (bad loans): 6.09% (−5.33 points on a year ago)

The main question: the share price moved −40.3% in a year while yearly earnings per share moved −5,076.9%. The difference came from the market paying a higher multiple. ## What is the Utkarsh Small Finance Bank share price today? Utkarsh Small Finance Bank Ltd's share price was ₹12.16 at the close on 3 November 2026. It has been falling for 120 weeks. That is 16.7% 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. In the last 52 weeks it traded between ₹11 and ₹17, and at that close it sat 19% of the way up from that low. Over the last 3.3 years the share price moved −70% 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. ## What changed at Utkarsh Small Finance Bank this quarter? 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. ## What are Utkarsh Small Finance Bank's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹884 crore | ₹881 crore | +0.3% |
| Profit | loss of ₹34.0 crore | loss of ₹239 crore | n/a |
| Earnings per share | ₹−0.19 | ₹−1.35 | n/a |
| Net margin | −3.8% | −27.1% | +23.3 points |
| Gross bad loans (gross NPA) | 6.09% | 11.42% | −5.33 points |

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.)

## What is the Utkarsh Small Finance Bank share price history? Utkarsh Small Finance Bank closed at ₹12.16 on 3 November 2026, down 40.3% from ₹20.37 a year earlier (31 October 2025) and down 71.5% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹11.97 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹13.43 | −9.5% |
| 6 months ago · 30 Apr 2026 | ₹14.43 | −15.7% |
| 1 year ago · 31 Oct 2025 | ₹20.37 | −40.3% |
| 3 years ago · 3 Nov 2023 | ₹42.67 | −71.5% |
| Earliest weekly close in our records · 21 Jul 2023 | ₹40.76 | −70.2% |
| Highest weekly close since July 2023 · 12 Jan 2024 | ₹53.28 | −77.2% |
| Lowest weekly close since July 2023, also the 52-week low · 27 Mar 2026 | ₹11.04 | +10.1% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹16.89 | −28.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (178 weekly closes from 21 July 2023 to 3 November 2026.)

## What is the latest news on Utkarsh Small Finance Bank? 3 Nov 2026: Utkarsh Small Finance Bank closed at ₹12.16, up 1.6% on the week and down 9.5% 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. ## What dividend does Utkarsh Small Finance Bank pay? Utkarsh Small Finance Bank paid no dividend in the 12 months to 4 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 12 Jul 2024 | ₹0.50 | Dividend |

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. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Utkarsh Small Finance Bank management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/44574/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 3 August 2026.)

## What to watch in Utkarsh Small Finance Bank's next results? 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. - What to check (from the call)
- Post-guardrail JLG and MBBL asset quality to remain contained as new-guardrail disbursements scale under strengthened underwriting. - Legacy secured recoveries to accelerate as litigation cases clear and collection staff shift toward past NPAs and write-offs. - H2 disbursement momentum to convert into reported loan-book growth despite the write-off drag highlighted in Q&A. - UCL amalgamation to clear the next NCLT step, confirming the timetable for completion. ## Which stock lists is Utkarsh Small Finance Bank on? Utkarsh Small Finance Bank is on 2 of our India lists: Penny stocks and Bank stocks. - [Penny stocks](https://www.sectoralpha.in/penny-stocks-india)
- [Bank stocks Market value (₹ crore): 2138.6369982547994](https://www.sectoralpha.in/sectors/bank-stocks-india)

## Is Utkarsh Small Finance Bank profitable? 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. For the full year, FY26 profit was −₹1,151 Cr (−4,895.8% on the year before). ## How much revenue does Utkarsh Small Finance Bank make, and is it growing? 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. 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). ## How much does Utkarsh Small Finance Bank keep from what it earns? 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. 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. ## How many of Utkarsh Small Finance Bank's loans have gone bad? 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. 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. ## How fast is Utkarsh Small Finance Bank's loan book growing? 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. 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. ## What is Utkarsh Small Finance Bank's P/BV ratio, and how does it compare with its own history? 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. 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 −40.3%. 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 −34.2% a year; about +2.9% a year came from book-value growth and about −37.1 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. ## Is the Utkarsh Small Finance Bank business getting better or worse? 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. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Utkarsh Small Finance Bank earn on its equity and assets? 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 −₹4.04, 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. 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. ## Does Utkarsh Small Finance Bank have too much debt? 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. ## What is the Utkarsh Small Finance Bank shareholding pattern? 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. 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. ## How far is Utkarsh Small Finance Bank from balance-sheet trouble? 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. ## How does Utkarsh Small Finance Bank rank in its industry? 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. ## Which companies is Utkarsh Small Finance Bank compared with? Utkarsh Small Finance Bank ranks 9 of 9 Banks - Small Finance companies on the 4-Factor Sector Score, with 26.0 out of 100. 1. [Capital Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/capital-small-finance-bank-ltd) CAPITALSFB · turning · Most evidence points up · 100% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.6/35 · Income 17% · Profit 19.3% · 100% evidence Capital efficiency 16.3/25 · ROA 1.3% · ROE 10.1% · GNPA 2.4% · 100% evidence Valuation 18.9/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidence Relative strength 18.0/20 · Lead over its industry 8.7% · Lead over NIFTY 500 5% · 1 year -3.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.6 + 16.3 + 18.9 + 18 = 68.8 · What this means: Relative strength against the index is 5%, and revenue and profit growth are weak. 2. [Ujjivan Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/ujjivan-small-finance-bank-ltd) UJJIVANSFB · losing its lead · Most evidence points up · 100% evidence 65.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Income 20.8% · Profit 100% · 100% evidence Capital efficiency 21.8/25 · ROA 1.8% · ROE 10.8% · GNPA 2.1% · 100% evidence Valuation 9.7/20 · P/BV 1.39× · P/BV÷ROE 0.13 · 100% evidence Relative strength 6.2/20 · Lead over its industry -3% · Lead over NIFTY 500 -6.5% · 1 year 2.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 27.4 + 21.8 + 9.7 + 6.2 = 65.1 · What this means: Earnings are strong; relative strength in its sector is -3% and the one-year return is 2.4%. 3. [ESAF Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/esaf-small-finance-bank-ltd) ESAFSFB · leader · Evidence leans up · 77% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Income 19.3% · Profit 100% · 69% evidence Capital efficiency 7.7/25 · ROA 0.8% · ROE -8.9% · GNPA 2.8% · 100% evidence Valuation 7.6/20 · P/BV 1.08× · P/BV÷ROE n/a · 40% evidence Relative strength 20.0/20 · Lead over its industry 47.1% · Lead over NIFTY 500 40.6% · 1 year 51.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.3 + 7.7 + 7.6 + 20 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Suryoday Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/suryoday-small-finance-bank-ltd) SURYODAY · quiet · Evidence leans up · 100% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Income 25.2% · Profit 100% · 100% evidence Capital efficiency 10.9/25 · ROA 1.1% · ROE 7.6% · GNPA 3% · 100% evidence Valuation 8.0/20 · P/BV 0.65× · P/BV÷ROE 0.09 · 100% evidence Relative strength 11.1/20 · Lead over its industry -1.5% · Lead over NIFTY 500 -5% · 1 year -11.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 29.4 + 10.9 + 8 + 11.1 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [AU Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/au-small-finance-bank-ltd) AUBANK · quiet · Evidence leans up · 100% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.1/35 · Income 19.6% · Profit 45.1% · 100% evidence Capital efficiency 21.4/25 · ROA 1.5% · ROE 14.2% · GNPA 2% · 100% evidence Valuation 7.0/20 · P/BV 3.02× · P/BV÷ROE 0.21 · 100% evidence Relative strength 5.5/20 · Lead over its industry -5.6% · Lead over NIFTY 500 -8.7% · 1 year -1.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 21.1 + 21.4 + 7 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Equitas Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/equitas-small-finance-bank-ltd) EQUITASBNK · quiet · Evidence leans down · 85% evidence 49.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Income 15.8% · Profit 100% · 100% evidence Capital efficiency 12.0/25 · ROA 1% · ROE 1.7% · GNPA 2.3% · 100% evidence Valuation 3.2/20 · P/BV 0.94× · P/BV÷ROE 0.56 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -16.9% · 1 year -6% · 25% evidence · 2 of 12 weeks ahead Exact sum: 26.1 + 12 + 3.2 + 7.9 = 49.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jana Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/jana-small-finance-bank-ltd) JSFB · quiet · Evidence leans down · 100% evidence 38.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Income 20.9% · Profit 15.6% · 100% evidence Capital efficiency 11.7/25 · ROA 0.9% · ROE 7.6% · GNPA 2.3% · 100% evidence Valuation 8.0/20 · P/BV 0.81× · P/BV÷ROE 0.11 · 100% evidence Relative strength 2.2/20 · Lead over its industry -9.4% · Lead over NIFTY 500 -12.9% · 1 year -19.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 16.7 + 11.7 + 8 + 2.2 = 38.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Fino Payments Bank Ltd](https://www.sectoralpha.in/stocks/fino-payments-bank-ltd) FINOPB · quiet · Most evidence points down · 73% evidence 32.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.7/35 · Income 22.4% · Profit -80% · 86% evidence Capital efficiency 7.0/25 · ROA -0.3% · ROE 6.8% · GNPA n/a · 72% evidence Valuation 7.6/20 · P/BV 1.33× · P/BV÷ROE 0.2 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -30.1% · 1 year -58.7% · 25% evidence · 4 of 12 weeks ahead Exact sum: 10.7 + 7 + 7.6 + 7.5 = 32.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Utkarsh Small Finance Bank Ltd this page UTKARSHBNK · quiet · Most evidence points down · 74% evidence 26.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Income -8.1% · Profit -80% · 60% evidence Capital efficiency 0.5/25 · ROA -4% · ROE -40% · GNPA 6.1% · 100% evidence Valuation 9.2/20 · P/BV 0.74× · P/BV÷ROE n/a · 40% evidence Relative strength 5.5/20 · Lead over its industry -11.5% · Lead over NIFTY 500 -14.4% · 1 year -43.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 10.8 + 0.5 + 9.2 + 5.5 = 26 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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](https://www.sectoralpha.in/sectors/banks-small-finance), all 9 compared on one page. ## Which companies are close to Utkarsh Small Finance Bank in size? 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

1. [Equitas Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/equitas-small-finance-bank-ltd) ₹6,131 crore
2. [Jana Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/jana-small-finance-bank-ltd) ₹3,953 crore
3. [ESAF Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/esaf-small-finance-bank-ltd) ₹2,192 crore
4. Utkarsh Small Finance Bank Ltd ₹2,039 crore
5. [Suryoday Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/suryoday-small-finance-bank-ltd) ₹1,432 crore
6. [Capital Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/capital-small-finance-bank-ltd) ₹1,236 crore
7. [Fino Payments Bank Ltd](https://www.sectoralpha.in/stocks/fino-payments-bank-ltd) ₹972 crore

[All 9 Banks - Small Finance companies, largest first](https://www.sectoralpha.in/sectors/banks-small-finance#all-companies)

### Companies close in size in other industries

1. [S P Apparels Ltd](https://www.sectoralpha.in/stocks/s-p-apparels-ltd) ₹2,045 crore · Textiles - Readymade Apparel
2. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) ₹2,044 crore · Steel
3. Utkarsh Small Finance Bank Ltd ₹2,039 crore
4. [BGR Energy Systems Ltd](https://www.sectoralpha.in/stocks/bgr-energy-systems-ltd) ₹2,034 crore · Infra - Engineering - General
5. [Jain Irrigation Systems Ltd](https://www.sectoralpha.in/stocks/jain-irrigation-systems-ltd) ₹2,034 crore · Irrigation System

## What else do people ask about Utkarsh Small Finance Bank? ### What is Utkarsh Small Finance Bank's share price today? Utkarsh Small Finance Bank Ltd's share price is ₹12.16, −40.3% over the past year. The whole company is worth ₹2,156 Cr on the market. In the last 52 weeks it traded between ₹11 to ₹17; today it is 19% of the way up from the low, 16.7% below its 200-day average (as of 3 November 2026). ### What were Utkarsh Small Finance Bank's latest quarterly results? Utkarsh Small Finance Bank Ltd reported total income of ₹884 Cr and a net loss of ₹34.0 Cr for the Jun 2026 quarter. Earnings per share were −₹0.19. The net margin was −3.8%, 23.3 percentage points higher than a year earlier. Gross NPA stood at 6.09% of the loan book (as of 3 November 2026). ### What is Utkarsh Small Finance Bank's market cap? Utkarsh Small Finance Bank Ltd's market capitalisation is ₹2,156 Cr at a share price of ₹12.16. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Utkarsh Small Finance Bank performing? Utkarsh Small Finance Bank Ltd's share price has been falling for 120 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 10 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Utkarsh Small Finance Bank's share price go up? This page does not forecast Utkarsh Small Finance Bank Ltd's share price. What it shows instead: the share price is ₹12.16, and it has been falling for 120 weeks. Its P/BV of 0.8× is higher than 9% of its own last 3 years (as of 3 November 2026). ### Who owns Utkarsh Small Finance Bank? Promoters own 42.7% of Utkarsh Small Finance Bank Ltd, foreign institutions 10.4%, domestic institutions 9.2% and the public 37.7% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 26.3 percentage points over 8 quarters (as of 3 November 2026). ### Where is Utkarsh Small Finance Bank in its business cycle? Utkarsh Small Finance Bank Ltd's FY26 net margin was −34.1%, against a 9-year range of −34.1% to 16.1%: the low end of its own range, which is often where recoveries start. The latest quarter was −3.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Utkarsh Small Finance Bank story? The main question: the share price moved −40.3% in a year while yearly earnings per share moved −5,076.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Utkarsh Small Finance Bank a stock worth studying right now? What the numbers show: Utkarsh Small Finance Bank Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Utkarsh Small Finance Bank share price forecast for 2026? What management itself 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. ## Lists

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