AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 19 Sep - Utkarsh Small Finance Bank appointed Mr. Manmohan Shetty as CFO and KMP effective September 19, 2026.
Source: Bse
Utkarsh Small Finance Bank Limited (UTKARSHBNK)
Small CapConsumer stocks · Small cap · NSE
Utkarsh Small Finance Bank Limited operates in Retail / E-Commerce, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result02 Aug, 12:59 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage11/14 · 79%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
32BearishSMA20 -7.3% / mo · MACD − · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 29
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
UTKARSHBNKD candles · FIT view-5.2%Latest close ₹13.05 on 2026-10-19
Bar
-1.5%
RSI
36
MACD hist
-0.03
52W pos
25%
2026-10-19O ₹13.25H ₹13.38L ₹13.00C ₹13.05Vol 38.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
UTKARSHBNKNifty Consumer DurablesNifty 500
- UTKARSHBNK
- -13.1%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -7.5 pp
Chart stats
19 Oct 2026- From 52W high
- -40.8%
- 52W range position
- 25%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.74x
- Avg traded value
- ₹7 Cr
- 20D price channel
- ₹12 - ₹14.4
₹22
₹10.1 - ₹22
₹0.6
Latest completed session
20-session average
26.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED17
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad20
Revenue +0.3% · PAT NDF YoY
Technical
Bearish32
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence50
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 20/100Rev +0% YoY · +6% QoQ
Filed 01 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹884 Cr | +0.3% | +5.6% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹-34 Cr | NDF | NDF |
| PAT margin | -3.9% | +2328 bps | +1861 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.85
- EV/EBITDA
- —
- Market Cap
- 2347.00Cr
Profitability
- ROE
- -40.00%
- ROCE
- 1.46%
- ROA
- -3.27%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 16.00%
- EPS 5Y
- -1.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- -36.00%
Balance Sheet
- Debt/Equity
- 0.12
- Interest Coverage
- —
- Altman Z
- 1.60
- Book Value
- 15.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 781.00 Cr
- EPS TTM
- -5.32
Shareholding
- Promoter Hold
- 42.67%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 26%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3.0-40.0% vs prev
Net Profit
₹ CrLatest: -1,151-4895.8% vs prev
Return on Equity
%Latest: -41.5-5218.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 36.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~7.9% over last month) — short-term momentum negative.
- RSI(14) at 36 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 41% off 52W high · 29% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
28
RS percentile
Stage 1 Base / Transition
1M return
-7.9%
3M return
-13.1%
6M return
-7.1%
1Y return
-33.0%
RS 1D
+2
RS 20D
-19
Sector rank
#9
Industry rank
#22
Stage evidence
- Price is within 5.8% of the 30-week proxy.
- The 30-week proxy changed +0.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 75.79-0.64%
RS vs Nifty 50076
Valuation & peers
U-Score 17 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 17 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth4/25
Quality0/20
Balance Sheet3/15
Cash Flow4/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
17
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
17/100 · legacy band OVERVALUED
Positive drivers
- Cash flow contributes 4/10 to the score.
- Balance sheet contributes 3/15 to the score.
- Valuation contributes 5/30 to the score.
Main drags
- Altman Z is 1.6, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 4/25; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
—
PB
0.8
EV/EBITDA
—
ROE
-40.0%
ROCE
1.5%
FCF Yield
—
Debt/Equity
0.1
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
17
Previous: 17
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
17
17
17
17
17
17
17
17
17
17
17
17
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
6.8
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SURYODAY
Small
Suryoday Small Finance Bank Limited
Retail
match 165
57
8.1
7.6%
+75%
FAIR VALUE
UJJIVANSFB
Micro
Ujjivan Small Finance Bank Limited
Retail
match 131
52
10.8
10.8%
+58%
FAIR VALUE
ESAFSFB
Small
ESAF Small Finance Bank Limited
Banking
match 83
17
—
-8.9%
—
OVERVALUED
FINOPB
Small
Fino Payments Bank Limited
Banking
match 78
18
43.6
6.8%
-105%
OVERVALUED
CAPITALSFB
Small
Capital Small Finance Bank Limited
Banking
match 76
56
8.4
10.1%
+68%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Utkarsh Small Finance Bank Limited operates in Retail / E-Commerce, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
50Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 7th percentile of the scored universe and 9th percentile within Consumer. Main check: results consistency is weak at 15/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
57 docs text-extracted · 22 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
7th percentile
overall median 67 · Consumer: 9th pctile, median 66 · Small: 9th pctile, median 66
Evidence depth
Financial-only
57 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
60
acceptable · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
15
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
Trust risks
- ▸Promoter holding fell 26.3%.
- ▸Altman Z is 1.63.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 1.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Utkarsh Small Finance Bank Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment 25 Sep - Utkarsh Small Finance Bank allotted ₹300 crore unsecured Lower Tier II NCDs at 11.75% for 7 years.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 3 Sep - CARE assigned A- Stable rating to proposed ₹500 crore Tier II bonds; reaffirmed existing ₹200 crore bonds.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Sep
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 14 Jul - CARE downgraded Utkarsh Bank’s ₹200 crore subordinated debt to CARE A-; Stable from CARE A; Negative.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Newspaper publication post dispatch of AGM Notice
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 10 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul - Newspaper Advertisement prior to dispatch of AGM Notice.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 2 Jul - ICRA downgraded Utkarsh Small Finance Bank's debt and CD ratings on weaker asset quality and earnings.
Source: Bse
Announcement
Announcement Under Regulation 30 (LODR)- Update On Scheme Of Arrangement 25 May - Revised intimation corrects NCLT bench as Allahabad, Prayagraj for the amalgamation scheme.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.