UTKARSH SMALL FINANCE BANK ORD (BSE) (UTKARSHBNK) - Net Assets

Latest as of September 2025: Rs23.94 Billion INR ≈ $258.89 Million USD

Based on the latest financial reports, UTKARSH SMALL FINANCE BANK ORD (BSE) (UTKARSHBNK) has net assets worth Rs23.94 Billion INR (≈ $258.89 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs273.84 Billion ≈ $2.96 Billion USD) and total liabilities (Rs249.90 Billion ≈ $2.70 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 tangible net worth ratio of UTKARSH SMALL FINANCE BANK ORD (BSE) to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs23.94 Billion
% of Total Assets	8.74%
Annual Growth Rate	32.94%
5-Year Change	117.38%
10-Year Change	N/A
Growth Volatility	24.11

UTKARSH SMALL FINANCE BANK ORD (BSE) - Net Assets Trend (2017–2025)

This chart illustrates how UTKARSH SMALL FINANCE BANK ORD (BSE)'s net assets have evolved over time, based on quarterly financial data. See UTKARSHBNK days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for UTKARSH SMALL FINANCE BANK ORD (BSE) (2017–2025)

The table below shows the annual net assets of UTKARSH SMALL FINANCE BANK ORD (BSE) from 2017 to 2025. For live valuation and market cap data, see UTKARSHBNK market cap.

Year	Net Assets	Change
2025-03-31	Rs29.75 Billion ≈ $321.68 Million	+0.04%
2024-03-31	Rs29.73 Billion ≈ $321.54 Million	+48.64%
2023-03-31	Rs20.00 Billion ≈ $216.33 Million	+27.22%
2022-03-31	Rs15.72 Billion ≈ $170.04 Million	+14.90%
2021-03-31	Rs13.68 Billion ≈ $147.98 Million	+34.22%
2020-03-31	Rs10.19 Billion ≈ $110.25 Million	+31.93%
2019-03-31	Rs7.73 Billion ≈ $83.57 Million	+87.62%
2018-03-31	Rs4.12 Billion ≈ $44.54 Million	+35.09%
2017-03-31	Rs3.05 Billion ≈ $32.97 Million	--

Equity Component Analysis

This analysis shows how different components contribute to UTKARSH SMALL FINANCE BANK ORD (BSE)'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 grown by 18085.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs8.79 Billion	29.56%
Common Stock	Rs11.02 Billion	37.04%
Other Comprehensive Income	Rs4.33 Billion	14.55%
Other Components	Rs5.61 Billion	18.86%
Total Equity	Rs29.75 Billion	100.00%

UTKARSH SMALL FINANCE BANK ORD (BSE) Competitors by Market Cap

The table below lists competitors of UTKARSH SMALL FINANCE BANK ORD (BSE) ranked by their market capitalization.

Company	Market Cap
Izertis Sa MC:IZER	$289.06 Million
Weifu High Tech Group SHE:200581	$289.15 Million
OneIM Acquisition Corp. Class A Ordinary Shares NASDAQ:OIM	$289.23 Million
Kizilbuk Gayrimenkul Yatirim Ortakligi AS IS:KZBGY	$289.37 Million
Energy Services Of America Corp NASDAQ:ESOA	$289.04 Million
Ring Energy Inc NYSE MKT:REI	$288.98 Million
Alussa Energy Acquisition Corp. II NYSE:ALUB	$288.94 Million
First Northern Community Bancorp Common stock NASDAQ:FNRN	$288.93 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in UTKARSH SMALL FINANCE BANK ORD (BSE)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 29,731,883,000 to 29,745,042,000, a change of 13,159,000 (0.0%).
Net income of 237,005,000 contributed positively to equity growth.
Dividend payments of 550,231,000 reduced retained earnings.
Other comprehensive income increased equity by 499,652,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs237.00 Million	+0.8%
Dividends Paid	Rs550.23 Million	-1.85%
Other Comprehensive Income	Rs499.65 Million	+1.68%
Other Changes	Rs-173.27 Million	-0.58%
Total Change	Rs-	0.04%

Book Value vs Market Value Analysis

This analysis compares UTKARSH SMALL FINANCE BANK ORD (BSE)'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: 0.54x
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 1.51x to 0.54x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	Rs9.96	Rs15.02	x
2018-03-31	Rs11.32	Rs15.02	x
2019-03-31	Rs11.30	Rs15.02	x
2020-03-31	Rs13.61	Rs15.02	x
2021-03-31	Rs16.13	Rs15.02	x
2022-03-31	Rs14.35	Rs15.02	x
2023-03-31	Rs18.25	Rs15.02	x
2024-03-31	Rs28.36	Rs15.02	x
2025-03-31	Rs27.61	Rs15.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently UTKARSH SMALL FINANCE BANK ORD (BSE) 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): 0.80%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.54%
• Asset Turnover: 0.16x
• Equity Multiplier: 9.46x
Recent ROE (0.80%) is below the historical average (8.28%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	9.51%	12.17%	0.09x	8.77x	Rs-14.80 Million
2018	-15.30%	-36.52%	0.04x	10.98x	Rs-1.04 Billion
2019	12.15%	22.35%	0.07x	8.07x	Rs166.12 Million
2020	18.32%	25.69%	0.08x	9.22x	Rs847.93 Million
2021	8.17%	6.55%	0.14x	8.87x	Rs-250.20 Million
2022	3.91%	3.02%	0.14x	9.58x	Rs-957.68 Million
2023	20.22%	14.42%	0.15x	9.56x	Rs2.04 Billion
2024	16.74%	13.90%	0.15x	8.04x	Rs2.00 Billion
2025	0.80%	0.54%	0.16x	9.46x	Rs-2.74 Billion

Industry Comparison

This section compares UTKARSH SMALL FINANCE BANK ORD (BSE)'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
UTKARSH SMALL FINANCE BANK ORD (BSE) (UTKARSHBNK)	Rs23.94 Billion	9.51%	10.44x	$289.06 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 UTKARSH SMALL FINANCE BANK ORD (BSE)

NSE:UTKARSHBNK India Banks - Regional

Market Cap

$289.06 Million

Rs26.73 Billion INR

Market Cap Rank

#15096 Global

#756 in India

Share Price

Rs15.02

Change (1 day)

+7.29%

52-Week Range

Rs10.22 - Rs24.48

All Time High

Rs63.86