Capital Small Finance Bank commenced operations as India’s first small finance bank in 2016, and are among the leading SFBs in India in terms of asset quality, cost of funds, retail deposits and CASA deposits for Fiscal 2021. (Source: CRISIL Research Report).
They have the most diversified portfolio with sizeable book in multiple asset classes as compared to other SFBs with a highest proportion of secured lending of 99% as of Fiscal 2021 among the SFBs. (Source: CRISIL Research Report).
Capital Small Finance Bank has the best asset quality among the SFBs represented by lowest GNPA and NNPA of 2.08% and 1.13% respectively as of Fiscal 2021. Further, They have the highest CASA ratio of 40% in Fiscal 2021 as compared with other SFBs and are amongst the top 10 banks vis a vis the private sector banks. (Source: CRISIL Research Report).
Capital Small Finance Bank also have the highest retail deposits per branch of `322.50 million as of Fiscal 2021. (Source: CRISIL Research Report) and have the lowest cost of funds among the SFBs as of Fiscal 2021. (Source: CRISIL Research Report)
Capital Small Finance Bank have an experience of over two decades in the banking industry having operated as the largest local area bank prior to their conversion into a small finance bank. (Source: CRISIL Research Report) They are one out of the two non-NBFC microfinance entity to receive the SFB license in 2015 (Source: CRISIL Research Report). The core strategy of Capital Small Finance Bank is to build a robust retail focused banking franchise by enabling access to affordable credit in the states they operate with special emphasis on rural and semi-urban areas. they focus primarily on the middle-income customer segments i.e., customers with an average annual income of `0.4 million to `5 million. They target to be the primary banker to their customers and endeavour to achieve objective through a mix of (i) suite of their product offerings; (ii) customer service orientation; (iii) deeply entrenched physical branch network ; and
(iv) evolving digital channels of service delivery.
CASA deposits as on June 30, 2021 and March 31, 2021 were Rs.22,194.46 million and Rs.20,926.34 million representing a CASA ratio of 40.48% and 40.07%, respectively of Capital Small Finance Bank, which is the highest among the SFBs for Fiscal 2021 resulting in lowest cost of deposits among peers at 5.7%.
(Source: CRISIL Research Report).
Capital Small Finance Bank operate on a branch-based model. Headquartered in Jalandhar, Punjab, they have over the years expanded their SFB operations strategically in the north Indian states of Punjab, Haryana, Rajasthan and Delhi where they offer their banking services in a contiguous manner. Capital Small Finance Bank have the highest branch network in the state of Punjab as compared to any other SFBs and fourth largest when compared with the private sector banks. (Source: CRISIL Research Report).
As of June 30, 2021, Capital Small Finance Bank were present in four States with 159 branches and 161 ATMs with 74% of their branches located in rural and semi-urban areas covering 19 districts and 77.35% of their total customers (both credit and deposit).
Source – Capital Small Finance Bank DRHP
Operational & Financial Performance:
Source: Capital Small Finance Bank Annual Report FY 2021-22
Capital Small Finance Bank Key Highlights FY22:
Source: Capital Small Finance Bank Annual Report FY 2021-22
Key Investors in Capital Small Finance Bank:
Source: Capital Small Finance Bank Annual Report FY 2021-22
| Name | Capital Small Finance Bank Unlisted Shares |
|---|---|
| Face Value | ₹ 10 |
| ISIN Code | INE646H01017 |
| Available in Depository | CDSL & NSDL |
| PAN | AABCC3632Q |
| Lot Size | 100 Shares |
| Current Unlisted Share Price | ₹ 325 Per Equity Share |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Interest Earned | 57,822 | 57,822 | 45,813 |
| Interest/discount earned on advances/bills | 43,730 | 43,730 | 43,730 |
| Interest earned on investments | 8,603 | 8,468 | 7,290 |
| Interest on balances with Reserve Bank of India and other interbank | 5,489 | 5,433 | 5,457 |
| Other Income | 5,418 | 4,583 | 4,296 |
| Total Income | 63,240 | 55,727 | 50,109 |
| Interest Expended | 32,294 | 31,283 | 28,551 |
| Total Expenditure | 51,919 | 48,579 | 44,884 |
| Profits before taxes | 8,449 | 5,373 | 3,458 |
| Income tax | 2,192 | 1,295 | 920 |
| Net Profit for the period/year | 6,257 | 4,078 | 2,538 |
| Profit brought forward | 12,629 | 9,878 | 8,377 |
| Total | 18,886 | 13,956 | 10,915 |
| Capital Adequacy Ratio | 18.63% | 19.80% | 19.11% |
| EPS (In INR) | 18.41 | 12.04 | 8.18 |
| Net worth | 51,578 | 45,079 | 40,678 |
| Debt Equity Ratio | 0.97 | 1.37 | 1.03 |
| Total Debt to Total Assets | 6.97% | 9.68% | 7.90% |
| % of Gross NPA | 2.50% | 2.08% | 1.76% |
| % of Net NPA | 1.36% | 1.13% | 1.25% |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of Capital Small Finance Bank Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 34,002,967 (As per Capital Small Finance Bank IPO DRHP)
Market Cap Scenarios:
At 250 Rs/Share, Capital Small Finance Bank Unlisted Shares values the company at approx. Rs. 850 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Capital Small Finance Bank unlisted shares.
At 300 Rs/Share, Capital Small Finance Bank Unlisted Shares values the company at approx. Rs. 1,020 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Capital Small Finance Bank unlisted shares.
At 350 Rs/Share, Capital Small Finance Bank Unlisted Shares values the company at approx. Rs. 1,190 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Capital Small Finance Bank unlisted shares.
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