Jana Small Finance Bank
- P/E
- 11.24
Key Fundamentals
MicrocapBanksFinancial ServicesPrice-based figures as of · EPS basis: Standalone · TTM
- EPS (TTM)
- ₹36.07
- Book Value
- ₹461.59
- Market Cap
- —
- P/E (TTM)
- 11.24
- P/B
- 0.88
- ROE
- 7.60%
- Dividend Yield
- 0.00%
- 52W High
- ₹606.95
- 52W Low
- ₹330.00
- Day Range
- ₹375.50 – ₹407.00
- Volume
- 5,37,289
- ROCE
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- Debt to Equity
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- EBITDA
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Peer Comparison
Financial Services › Banks › Small Finance Bank › Other Bank
| ₹904.35 | 21.48 | ₹66,448 Cr | 3.16 | 0.11% | 14.20% | — | ₹20,661 Cr | ₹3,154 Cr | |
| ₹56.70 | 12.14 | ₹11,244 Cr | 1.49 | 2.64% | 10.80% | — | ₹7,338 Cr | ₹907 Cr | |
| ₹55.45 | 12.40 | ₹6,401 Cr | 0.97 | 1.90% | 1.68% | — | ₹7,106 Cr | ₹511 Cr | |
| Jana Small Finance Bank (this company) | ₹405.25 | 11.24 | ₹4,167 Cr | 0.88 | 0.00% | 7.60% | — | ₹5,637 Cr | ₹380 Cr |
| ₹41.35 | — | ₹2,136 Cr | 1.05 | 1.71% | −8.86% | — | ₹3,807 Cr | −₹5 Cr | |
| ₹11.72 | — | ₹2,052 Cr | 0.75 | 4.11% | −40.00% | — | ₹3,381 Cr | −₹945 Cr | |
| ₹147.30 | 8.16 | ₹1,489 Cr | 0.71 | 1.09% | 7.58% | — | ₹2,287 Cr | ₹192 Cr | |
| Median 7 companies | ₹56.70 | 12.14 | ₹4,167 Cr | 0.97 | 1.71% | 7.58% | — | ₹5,637 Cr | ₹380 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 62
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 53
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 92
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 9
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 21
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 61
- Good
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 1.16 times its book value
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 16.9%
- Tax rate seems low
- Earnings include an other income of Rs.985 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 4 | 4 |
| Oscillators | Bearish | 3 | 4 | 2 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 41.13
- Neutral
- MACD (12,26,9)
- −32.95
- Bearish
- SMA (50)
- 488.54
- Bearish
- SMA (200)
- 454.49
- Bearish
As of
Analyst Rating
3 of 3 analysts rate Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +16.47% |
|---|---|
| 3Y | +20.30% |
| 1Y | +14.60% |
| TTM | +18.27% |
Net profit
| 5Y | +31.16% |
|---|---|
| 3Y | +8.39% |
| 1Y | −34.93% |
| TTM | −12.24% |
Operating cash flow
Not meaningful
A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.
Revenue by year
| Mar 2018 | ₹1,555 Cr |
|---|---|
| Mar 2019 | ₹1,251 Cr |
| Mar 2020 | ₹1,992 Cr |
| Mar 2021 | ₹2,498 Cr |
| Mar 2022 | ₹2,727 Cr |
| Mar 2023 | ₹3,075 Cr |
| Mar 2024 | ₹4,014 Cr |
| Mar 2025 | ₹4,671 Cr |
| Mar 2026 | ₹5,353 Cr |
Net profit by year
| Mar 2018 | −₹2,504 Cr |
|---|---|
| Mar 2019 | −₹1,949 Cr |
| Mar 2020 | ₹30.00 Cr |
| Mar 2021 | ₹84.00 Cr |
| Mar 2022 | ₹5.00 Cr |
| Mar 2023 | ₹256 Cr |
| Mar 2024 | ₹670 Cr |
| Mar 2025 | ₹501 Cr |
| Mar 2026 | ₹326 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Jana Small Finance Bank trades at a market cap of ~₹6,108 Cr with a P/E of 15.7x and P/B of 1.34x. The bank delivered 18% TTM revenue growth but saw a 12% TTM decline in net profit, with FY25 full-year profit falling sharply as provisions rose and its universal bank license application was returned by the RBI.
- Consistent top-line growth with compounded sales CAGR of 20% over 3 years and 18% TTM growth, indicating sustained business expansion
- Net Interest Income grew 12.5% YoY from ₹2,128 Cr in FY24 to ₹2,393 Cr in FY25, showing core lending franchise remains healthy
- Deposits grew 31% YoY as of H1 FY25 with CASA and term deposit growth of 12% and 9% respectively from Mar-24, strengthening the liability franchise
- Capital adequacy ratio stood at 18.8% with Tier-1 CRAR of 17.8%, well above regulatory minimums, providing buffer for growth
- P/B of 1.34x is modest for a bank that has delivered 14% ROE over a 3-year and 5-year average, suggesting limited valuation premium
- Advances grew 17% YoY as of H1 FY25, showing continued loan book expansion across secured and unsecured segments
- Compounded profit CAGR of 29% over 5 years demonstrates long-term earnings trajectory despite near-term weakness
- Stock has delivered 19% return over the past 1 year, reflecting market recognition of recovery potential
- Q4 FY25 net profit collapsed 61.6% YoY to ₹123.4 Cr from ₹321.6 Cr, signaling severe near-term earnings pressure
- Promoter holding is very low at 16.9% and declined 4.91% in the last quarter, raising governance and overhang concerns
- Promoter entities Jana Holdings and Jana Capital had their NCD ratings downgraded to default status due to ₹4,200 Cr refinancing risk, with India Ratings placing the bank on watch with negative implications
- GNPA at 2.75% and NNPA at 0.90% as of Q2 FY26 reflect ongoing asset quality stress, particularly in the microfinance portfolio
- Earnings quality is questionable with other income of ₹985 Cr forming a significant portion of profits, and TTM profit declining 12%
- ROTA fell sharply from 2.30% in FY24 to 1.42% in FY25 and further to 0.61% in 9M FY26, indicating deteriorating return efficiency
- Zero dividend payout despite reporting profits, combined with low interest coverage ratio, suggests limited capital return visibility for shareholders
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Jana Small Finance Bank is steadily expanding its physical footprint (826 branches) and earning external recognition for data quality practices. No material headwinds emerged in the recent news flow, and the board transition appears routine. Active investor engagement with institutional AMCs suggests management confidence heading into Q1FY27 results. The trend is stable with a mild positive tilt from branch growth and operational excellence awards.
- 826th branch opened in Jaipur Jul 17
Jana Small Finance Bank opened its 826th branch in Jaipur on July 16, 2026, inaugurated by Rajasthan Minister Shri Gautam Kumar Dak, signaling continued network expansion.
- Two Gold data quality awards Jul 7
Jana SFB won two Gold awards for data quality from TransUnion CIBIL at its Annual Conference 2026, reflecting strong credit information governance.
- Director Khuntia exits after tenure Jul 28
Dr. Subhash Khuntia ceased to be a director effective July 27, 2026, following completion of his tenure under the Companies Act. Routine board transition with no controversy indicated.
- Q1FY27 earnings call on Jul 15 Jul 10
Jana SFB hosted an investor conference call on July 15, 2026, to discuss Q1FY27 performance with senior management including the MD and CEO.
- Investor meet with ICICI Pru AMC Jul 14
Jana SFB held an investor meet with ICICI Prudential AMC on July 17, 2026, in Mumbai, relying on publicly available information.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 885 | 979 | 1,038 | 1,111 | 1,167 | 1,166 | 1,177 | 1,184 | 1,241 | 1,305 | 1,374 | 1,445 | 1,515 |
| Expenses | 560 | 566 | 553 | 604 | 639 | 681 | 665 | 696 | 750 | 791 | 899 | 861 | 854 |
| Financing Profit | −98 | −41 | −5 | −13 | −29 | −87 | −72 | −114 | −164 | −172 | −235 | −126 | −72 |
| Fin. Margin % | −11% | −4% | 0% | −1% | −2% | −7% | −6% | −10% | −13% | −13% | −17% | −9% | −5% |
| Other Income | 188 | 164 | 140 | 180 | 189 | 176 | 177 | 234 | 266 | 247 | 245 | 266 | 227 |
| Interest | 423 | 453 | 490 | 520 | 557 | 572 | 585 | 602 | 655 | 686 | 709 | 709 | 732 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 90 | 123 | 135 | 166 | 160 | 88 | 105 | 120 | 102 | 75 | 10 | 140 | 155 |
| Tax % | 0% | 0% | 0% | −93% | −7% | −9% | −5% | −3% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 90 | 123 | 135 | 322 | 171 | 97 | 111 | 123 | 102 | 75 | 10 | 140 | 155 |
| EPS (₹) | 17.81 | 24.22 | 26.54 | 30.76 | 16.31 | 9.25 | 10.56 | 11.75 | 9.69 | 7.13 | 0.92 | 13.28 | 14.74 |
| Gross NPA % | 2.94% | 2.44% | 2.19% | 2.11% | 2.62% | 2.97% | 2.8% | 2.71% | 2.91% | 2.87% | 2.59% | 2.46% | 2.39% |
| Net NPA % | 1.19% | 0.87% | 0.71% | 0.56% | 0.99% | 0.99% | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% | 0.92% | 0.91% |
Profit & Loss
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,555 | 1,251 | 1,992 | 2,498 | 2,727 | 3,075 | 4,014 | 4,671 | 5,353 | 5,637 |
| Expenses | 2,844 | 2,399 | 1,322 | 1,331 | 1,627 | 1,960 | 2,222 | 2,596 | 3,213 | 3,406 |
| Financing Profit | −2,453 | −1,963 | −311 | −68 | −238 | −300 | −94 | −242 | −620 | −605 |
| Fin. Margin % | −158% | −157% | −16% | −3% | −9% | −10% | −2% | −5% | −12% | −11% |
| Other Income | 42 | 113 | 433 | 235 | 324 | 625 | 670 | 776 | 1,022 | 985 |
| Interest | 1,164 | 814 | 980 | 1,235 | 1,337 | 1,415 | 1,886 | 2,317 | 2,760 | 2,837 |
| Depreciation | 0 | 99 | 93 | 83 | 81 | 69 | 62 | 61 | 75 | 0 |
| PBT | −2,411 | −1,949 | 30 | 84 | 5 | 256 | 514 | 474 | 326 | 380 |
| Tax % | 4% | 0% | 0% | 0% | 0% | 0% | −30% | −6% | 0% | — |
| Net Profit | −2,504 | −1,949 | 30 | 84 | 5 | 256 | 670 | 501 | 326 | 380 |
| EPS (₹) | −637 | −413 | 5.94 | 16.62 | 1.07 | 50.46 | 64.02 | 47.73 | 30.99 | 36.07 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 47 | 51 | 51 | 51 | 55 | 105 | 105 | 105 |
| Reserves | 1,490 | 476 | 843 | 926 | 999 | 1,472 | 3,473 | 4,013 | 4,365 |
| Borrowing | 7,662 | 4,236 | 3,049 | 4,965 | 4,660 | 6,547 | 5,211 | 3,867 | 5,497 |
| Deposits | 0 | 4,199 | 9,652 | 12,386 | 13,540 | 16,334 | 22,571 | 29,120 | 35,784 |
| Other Liabilities | 558 | 487 | 550 | 763 | 938 | 1,235 | 1,350 | 1,362 | 1,696 |
| Total Liabilities | 9,749 | 9,446 | 14,145 | 19,091 | 20,189 | 25,644 | 32,710 | 38,467 | 47,448 |
| Fixed Assets | 385 | 332 | 259 | 211 | 170 | 123 | 139 | 150 | 191 |
| CWIP | 0 | 2 | 1 | 1 | 1 | 5 | 3 | 3 | 8 |
| Investments | 1,997 | 1,468 | 2,650 | 4,698 | 5,065 | 5,221 | 6,738 | 5,945 | 9,812 |
| Other Assets | 7,367 | 7,644 | 11,234 | 14,181 | 14,952 | 20,295 | 25,831 | 32,369 | 37,437 |
| Total Assets | 9,749 | 9,446 | 14,145 | 19,091 | 20,189 | 25,644 | 32,710 | 38,467 | 47,448 |
Cash Flow
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 2,771 | 949 | 615 | 859 | −1,137 | 708 | 4,073 | 594 |
| Investing | — | −231 | −285 | −1,266 | −1,330 | −434 | −780 | −321 | −4,133 |
| Financing | — | −2,489 | −852 | 1,917 | −240 | 2,104 | 33 | −1,331 | 1,641 |
| Net Cash Flow | — | 51 | −188 | 1,266 | −711 | 532 | −39 | 2,421 | −1,898 |
| Free Cash Flow | — | 2,717 | 928 | 573 | 818 | −1,163 | 631 | 4,001 | 472 |
| CFO/OP | — | −241 | 140 | 53 | 78 | −101 | 40 | 197 | 28 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | −164% | −189% | 5% | 10% | 1% | 20% | 26% | 13% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Jana Small Finance Bank insights
81 extracted metrics across FY18–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript Recording
- Concall · Apr 2026Recording
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- 23 Oct 2026
- 29 Apr 2026
- 9 Jul 2026
- 30 Jun 2026
- 17 Feb 2026
- 9 Oct 2025
- 7 Oct 2025
- General announcements 23 Oct 2026
Frequently Asked Questions about Jana Small Finance Bank
What does Jana Small Finance Bank Ltd do?
Where is Jana Small Finance Bank Ltd (JSFB) listed?
Which sector does Jana Small Finance Bank Ltd belong to?
What is the PE ratio of Jana Small Finance Bank Ltd?
What is the 52-week high and low of Jana Small Finance Bank Ltd?
What is the Return on Equity (ROE) of Jana Small Finance Bank Ltd?
Company Information
Incorporated in 2006, Jana Small Finance Bank Ltd provides a wide range of banking and financial services
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/JSFB.md for Jana Small Finance Bank Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.
Append .md to any Tapetide URL for
the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.