| Parameter(Crores) |
Capital SFB |
Suryodaya SFB |
Ujjivan SFB |
AU SFB |
| Deposits |
4107 |
1593 |
7379 |
19422 |
| Net Advances |
3041 |
2712 |
10552 |
22818 |
| Net Interest Income (NII) |
135 |
339 |
1106 |
1190 |
| Net Profit /(Loss) |
19.4 |
87 |
199.2 |
381 |
| Book value per share |
100 |
107 |
11.09 |
108.28 |
| P/B |
3.2x |
3.17x |
5.22x |
7.6x |
| Net-worth |
250 |
881 |
1819 |
3162 |
Above is the comparison between two unlisted SFBs i.e. Suryoday Small Finance Bank and Capital Small Finance Bank Vs two listed SFBs i.e. Ujjivan and AU Small Fin bank.
If you observed carefully, listed SFBs are almost double in size in terms of
advances i.e loan disbursed. The more the advances, the more will be the revenue of these banks. So they will obviously command high valuations. However, both the unlisted small finance banks have shown excellent growth in the last 3 years and are available at a good valuation.
Capital Small Finance Bank is currently trading at Rs. 320 per share in the unlisted market and thereby, valuing at
3.20x in terms of P/B which is fairly priced.
