A significant player in the Indian banking sector, Equitas Small Finance Bank provides a variety of financial goods and services to its clients. The bank has been extending its footprint throughout the nation, and its potential for development has drawn interest from investors. As a result, there is a great deal of interest in how the stock of Equitas Small Finance Bank will do in the future, and many investors and experts are closely watching its moves.
In this post, we’ll look at the historical performance, competitive landscape, and prospects of Equitas Small Finance Bank. Additionally, we will examine the major variables that could have an effect on the bank’s share price in the upcoming years and offer our projections for that price between 2023 and 2030.
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ESFB IN RECENT NEWS
- Senior citizen fixed deposits with this bank now earn a 9% interest rate, while general fixed deposits earn a rate of 8.5%.
ESFB SHARE PRICE TARGET 2023
| ESFB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹68.95 | ₹53.04 |
| May 2023 | ₹57.46 | ₹44.20 |
| June 2023 | ₹68.95 | ₹53.04 |
| July 2023 | ₹82.74 | ₹63.65 |
| August 2023 | ₹91.01 | ₹70.01 |
| September 2023 | ₹95.56 | ₹73.51 |
| October 2023 | ₹91.01 | ₹70.01 |
| November 2023 | ₹100.12 | ₹77.01 |
| December 2023 | ₹112.13 | ₹86.25 |
Equitas Small Finance Bank’s share price target for 2023 shows a mix of ups and downs. In April, the share price is expected to start off strong with a maximum target of ₹68.95 and a minimum target of ₹53.04. However, in May, the share price is expected to experience a dip with a minimum target of ₹44.20 and a maximum target of ₹57.46, which is lower than the minimum target for the previous month. June is expected to see a rebound, with a maximum target of ₹68.95, the same as in April. The share price is expected to increase further in July, with a maximum target of ₹82.74 and a minimum target of ₹63.65. The upward trend is expected to continue in August, with a maximum target of ₹91.01 and a minimum target of ₹70.01. September is expected to be the peak month for the share price in 2023, with a maximum target of ₹95.56 and a minimum target of ₹73.51. In October, the share price is expected to decrease slightly, with a maximum target of ₹91.01 and a minimum target of ₹70.01. November is expected to see an increase again, with a maximum target of ₹100.12 and a minimum target of ₹77.01. Finally, in December, the share price is expected to reach its highest target for the year, with a maximum value of ₹112.13 and a minimum target of ₹86.25.
ESFB SHARE PRICE TARGET 2024
| ESFB SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹118.03 | 1037.03 |
| February 2024 | ₹132.62 | ₹110.52 |
| March 2024 | ₹139.60 | ₹113.49 |
| April 2024 | ₹126.91 | ₹97.62 |
| May 2024 | ₹105.76 | ₹81.35 |
| June 2024 | ₹126.91 | ₹97.62 |
| July 2024 | ₹107.87 | ₹83.62 |
| August 2024 | ₹118.66 | ₹94.17 |
| September 2024 | ₹124.59 | ₹95.84 |
| October 2024 | ₹146.58 | ₹112.75 |
| November 2024 | ₹153.91 | ₹118.39 |
| December 2024 | ₹156.99 | ₹120.76 |
In January, the maximum target is ₹118.03, while the minimum target is ₹1037.03. This indicates a significant increase in the share price, compared to the previous year.
February and March are also expected to have a positive impact on the share price, with maximum targets of ₹132.62 and ₹139.60, respectively. The minimum target for February is ₹110.52, while the minimum target for March is ₹113.49.
However, in April and May, the share price is expected to experience a dip, with the minimum targets being ₹97.62 and ₹81.35, respectively. June is expected to have the same maximum target as April, at ₹126.91.
July and August are expected to be slightly more positive for the share price, with a maximum target of ₹107.87 and ₹118.66, respectively. September is expected to have a maximum target of ₹124.59 and a minimum target of ₹95.84.
Finally, October, November, and December are expected to be the strongest months for the share price in 2024, with maximum targets of ₹146.58, ₹153.91, and ₹156.99, respectively. The minimum targets for these months are ₹112.75, ₹118.39, and ₹120.76, respectively.
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ESFB SHARE PRICE TARGET 2025
| ESFB SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹160.13 | ₹123.17 |
| February 2025 | ₹168.55 | ₹129.66 |
| March 2025 | ₹176.98 | ₹136.14 |
| April 2025 | ₹158.02 | ₹121.55 |
| May 2025 | ₹143.65 | ₹110.50 |
| June 2025 | ₹158.02 | ₹121.55 |
| July 2025 | ₹150.49 | ₹115.76 |
| August 2025 | ₹156.76 | ₹120.59 |
| September 2025 | ₹164.60 | ₹126.62 |
| October 2025 | ₹174.48 | ₹134.21 |
| November 2025 | ₹186.69 | ₹143.61 |
| December 2025 | ₹190.43 | ₹146.48 |
In January 2025, the share price is expected to have a maximum target of ₹160.13 and a minimum target of ₹123.17. In February, the maximum target is ₹168.55, while the minimum target is ₹129.66. In March, the share price is expected to continue to rise, with a maximum target of ₹176.98 and a minimum target of ₹136.14.
In April, the maximum target is ₹158.02, and the minimum target is ₹121.55, indicating a slight dip in the share price. However, the share price is expected to recover in June, with a maximum target of ₹158.02, the same as the maximum target for April.
In July, the share price is expected to increase, with a maximum target of ₹150.49 and a minimum target of ₹115.76. In August, the share price is expected to increase further, with a maximum target of ₹156.76 and a minimum target of ₹120.59. In September, the maximum target is ₹164.60, and the minimum target is ₹126.62.
In October, the share price is expected to increase to a maximum target of ₹174.48, which is the highest maximum target for the year. The minimum target for October is ₹134.21. In November, the share price is expected to increase further, with a maximum target of ₹186.69 and a minimum target of ₹143.61. Finally, in December, the share price is expected to have a maximum target of ₹190.43 and a minimum target of ₹146.48. Therefore, the ESF Bank share price target for 2025 is expected to have a positive trend, with a maximum target of ₹190.43 and a minimum target of ₹115.76.
ESFB SHARE PRICE TARGET 2026 TO 2030
| ESFB SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹133.30 | ₹93.31 |
| 2027 | ₹113.30 | ₹79.31 |
| 2028 | ₹203.95 | ₹142.76 |
| 2029 | ₹418.94 | ₹293.26 |
| 2030 | ₹466.54 | ₹326.58 |
ESF Bank’s share price target for the years 2026 to 2030 shows a mix of highs and lows. In 2026, the maximum target price is expected to be ₹133.30, while the minimum target price is ₹93.31. The year 2027 is expected to experience a decrease in share prices, with a maximum target of ₹113.30 and a minimum target of ₹79.31. However, the share price is expected to rebound in 2028, with a maximum target of ₹203.95 and a minimum target of ₹142.76.
In 2029, the share price is expected to reach new heights, with a maximum target of ₹418.94, almost double the maximum target for the previous year. The minimum target for 2029 is expected to be ₹293.26. The year 2030 is expected to show a steady growth in share prices, with a maximum target of ₹466.54 and a minimum target of ₹326.58.
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FINANCIAL STRENGTH OF ESFB (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Income | 3,997.23 | 3,612.47 | 2,927.80 | 2,394.83 | 1,783.93 |
| Total Income Growth (%) | 10.65 | 23.39 | 22.25 | 34.24 | 46.91 |
| Provisions & Contingencies | 591.22 | 502.36 | 353.94 | 215.58 | 188.81 |
| Provisions & Contingencies Growth (%) | 17.69 | 41.93 | 64.18 | 14.18 | 22.81 |
| Profit after Tax (PAT) | 280.73 | 384.22 | 243.64 | 210.57 | 31.83 |
| PAT Growth (%) | -26.94 | 57.70 | 15.70 | 561.50 | -69.43 |
| Net Interest Margin (%) | 7.56 | 7.27 | 7.74 | 7.30 | 6.46 |
| Net Profit Margin (%) | 8.11 | 12.02 | 9.20 | 9.97 | 2.06 |
| Basic EPS (₹) | 2.43 | 3.53 | 2.39 | 2.09 | 0.32 |
ESF Bank has demonstrated steady growth over the last five years, with a consistent increase in total income. In FY 2022, the bank’s total income was ₹3,997.23 crores, a growth of 10.65% over the previous year. The bank’s provisions and contingencies have also shown a similar trend, with an increase of 17.69% in FY 2022. Despite this, the bank has managed to maintain a healthy net interest margin of 7.56%.
However, the bank’s profit after tax (PAT) has been somewhat volatile over the years, with a significant decline in FY 2022, registering a negative growth of 26.94%. This can be attributed to various factors, such as increased provisions and contingencies, as well as a decrease in net profit margin from 12.02% in FY 2021 to 8.11% in FY 2022. Nevertheless, the bank’s basic earnings per share (EPS) have remained relatively stable, with a current value of ₹2.43.
Overall, ESF Bank’s revenue growth has been impressive, with a maximum total income of ₹3,997.23 crores in FY 2022, compared to a minimum of ₹1,783.93 crores in FY 2018, showing a remarkable 46.91% growth over the years. However, the bank needs to focus on improving its PAT growth and net profit margin to sustain its growth trajectory and ensure a profitable future.
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FAQ’s
Is Equitas Small Finance Bank safe and reliable?
Yes, Equitas Small Finance Bank is a licensed and regulated bank that is subject to strict guidelines and regulations by the Reserve Bank of India (RBI). It has a strong focus on risk management, governance, and compliance, and has received several awards and recognitions for its performance and service quality.
What is the interest rate offered by Equitas Small Finance Bank on its savings accounts?
The interest rate offered by Equitas Small Finance Bank on its savings accounts varies depending on the balance maintained and other factors. As of April 2023, the interest rate ranges from 3.25% to 6% per annum.
CONCLUSION: EQUITAS SMALL FINANCE BANK SHARE PRICE TARGET
According to the financial accounts for the previous five years, ESF Bank’s income, revenue, and profit have all steadily increased. Over the past five years, the bank’s total income has grown at an average rate of 27.09% per year, and its PAT has grown at an average rate of 68.22% per year. The bank has managed to keep a healthy net interest margin and net profit margin despite changes in provisions and contingencies. The bank has also been successful in growing its basic EPS, which went from 0.32 in FY 2018 to 2.43 in FY 2022. These all point to ESF Bank as a top performer in the financial industry.
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