ESAF Small Finance Bank (ESAFSFB) - Net Assets

Latest as of March 2026: Rs17.87 Billion INR ≈ $193.21 Million USD

Based on the latest financial reports, ESAF Small Finance Bank (ESAFSFB) has net assets worth Rs17.87 Billion INR (≈ $193.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs308.68 Billion ≈ $3.34 Billion USD) and total liabilities (Rs290.81 Billion ≈ $3.15 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ESAFSFB goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs17.87 Billion
% of Total Assets	5.79%
Annual Growth Rate	21.67%
5-Year Change	26.56%
10-Year Change	N/A
Growth Volatility	49.99

ESAF Small Finance Bank - Net Assets Trend (2016–2025)

This chart illustrates how ESAF Small Finance Bank's net assets have evolved over time, based on quarterly financial data. See ESAF Small Finance Bank liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ESAF Small Finance Bank (2016–2025)

The table below shows the annual net assets of ESAF Small Finance Bank from 2016 to 2025. For live valuation and market cap data, see ESAFSFB market cap overview.

Year	Net Assets	Change
2025-12-31	Rs17.87 Billion ≈ $193.21 Million	-8.34%
2024-12-31	Rs19.49 Billion ≈ $210.78 Million	-21.78%
2023-12-31	Rs24.92 Billion ≈ $269.48 Million	+45.29%
2022-12-31	Rs17.15 Billion ≈ $185.47 Million	+21.49%
2021-12-31	Rs14.12 Billion ≈ $152.66 Million	+4.40%
2020-12-31	Rs13.52 Billion ≈ $146.22 Million	+24.72%
2019-12-31	Rs10.84 Billion ≈ $117.24 Million	+21.30%
2018-12-31	Rs8.94 Billion ≈ $96.65 Million	+160.29%
2017-12-31	Rs3.43 Billion ≈ $37.13 Million	+12.29%
2016-12-31	Rs3.06 Billion ≈ $33.07 Million	--

Equity Component Analysis

This analysis shows how different components contribute to ESAF Small Finance Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Rs5.16 Billion	28.86%
Other Comprehensive Income	Rs64.90 Million	0.36%
Other Components	Rs12.64 Billion	70.77%
Total Equity	Rs17.87 Billion	100.00%

ESAF Small Finance Bank Competitors by Market Cap

The table below lists competitors of ESAF Small Finance Bank ranked by their market capitalization.

Company	Market Cap
ReposiTrak NASDAQ:TRAK	$178.58 Million
Schaffer Corporation Ltd AU:SFC	$178.58 Million
Elme Communities NYSE:ELME	$178.60 Million
Sarfati TA:SRFT	$178.64 Million
Reach Subsea OL:REACH	$178.56 Million
Hanyang Securities Co Ltd KO:001755	$178.56 Million
Falcon Oil & Gas Ltd F:FAC	$178.51 Million
Asian Sea Corporation Public Company Limited BK:ASIAN	$178.46 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ESAF Small Finance Bank's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 19,490,488,000 to 17,865,300,000, a change of -1,625,188,000 (-8.3%).
Net loss of 1,664,000,000 reduced equity.
Other comprehensive income increased equity by 24,500,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs-1.66 Billion	-9.31%
Other Comprehensive Income	Rs24.50 Million	+0.14%
Other Changes	Rs14.31 Million	+0.08%
Total Change	Rs-	-8.34%

Book Value vs Market Value Analysis

This analysis compares ESAF Small Finance Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.93x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 5.39x to 0.93x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	Rs5.94	Rs32.02	x
2017-12-31	Rs6.67	Rs32.02	x
2018-12-31	Rs23.46	Rs32.02	x
2019-12-31	Rs25.34	Rs32.02	x
2020-12-31	Rs26.26	Rs32.02	x
2021-12-31	Rs31.36	Rs32.02	x
2022-12-31	Rs38.09	Rs32.02	x
2023-12-31	Rs52.36	Rs32.02	x
2024-12-31	Rs37.87	Rs32.02	x
2025-12-31	Rs34.57	Rs32.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ESAF Small Finance Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -9.31%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.83%
• Asset Turnover: 0.14x
• Equity Multiplier: 17.28x
Recent ROE (-9.31%) is below the historical average (4.61%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	0.25%	1.58%	0.02x	9.61x	Rs-298.13 Million
2017	7.86%	3.86%	0.15x	13.76x	Rs-73.41 Million
2018	10.10%	7.91%	0.16x	7.90x	Rs9.15 Million
2019	17.56%	12.31%	0.16x	8.74x	Rs819.82 Million
2020	7.80%	10.03%	0.09x	9.13x	Rs-298.10 Million
2021	3.88%	2.55%	0.12x	12.54x	Rs-864.28 Million
2022	17.63%	9.84%	0.15x	11.79x	Rs1.31 Billion
2023	17.08%	9.99%	0.16x	10.47x	Rs1.76 Billion
2024	-26.75%	-12.04%	0.16x	13.94x	Rs-7.16 Billion
2025	-9.31%	-3.83%	0.14x	17.28x	Rs-3.45 Billion

Industry Comparison

This section compares ESAF Small Finance Bank's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $105,668,636,200
Average return on equity (ROE) among peers: 7.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ESAF Small Finance Bank (ESAFSFB)	Rs17.87 Billion	0.25%	16.28x	$178.57 Million
AU Small Finance Bank Limited (AUBANK)	$7.66 Billion	18.19%	4.19x	$8.30 Billion
Bandhan Bank Limited (BANDHANBNK)	$44.46 Billion	25.01%	5.80x	$3.73 Billion
Bank of Baroda (BANKBARODA)	$218.99 Billion	20.25%	15.72x	$15.83 Billion
Bank of India (BANKINDIA)	$369.16 Billion	-16.15%	15.66x	$7.27 Billion
Canara Bank (CANBK)	$328.59 Billion	-7.93%	16.16x	$13.24 Billion
Capital Small Finance Bank Limited (CAPITALSFB)	$2.50 Billion	7.76%	16.26x	$142.52 Million
Central Bank of India (CENTRALBK)	$18.68 Billion	17.14%	29.40x	$3.24 Billion
CSB Bank Limited (CSBBANK)	$9.74 Billion	-20.27%	15.89x	$673.57 Million
City Union Bank Limited (CUB)	$16.41 Billion	19.63%	13.00x	$1.59 Billion
DCB Bank Limited (DCBBANK)	$40.49 Billion	7.10%	10.07x	$647.71 Million

About ESAF Small Finance Bank

NSE:ESAFSFB India Banks - Regional

Market Cap

$178.57 Million

Rs16.51 Billion INR

Market Cap Rank

#17095 Global

#895 in India

Share Price

Rs32.02

Change (1 day)

+3.86%

52-Week Range

Rs19.86 - Rs35.49

All Time High

Rs77.55