Equitas Small Finance Bank vs Suryoday Small Finance Bank: Share Price, PE and ROE Compared

August 13, 2026
Posted by: Kunal Singla
Category: Market

Equitas SFB MCap Rs 8,535 Cr, PE 16.73x, ROE 8.33%. Suryoday SFB MCap Rs 1,737 Cr, PE 9.06x, ROE 9.23%, Div 0.92%.

Quick Answer

Equitas SFB and Suryoday SFB both serve underbanked segments, but Equitas at Rs 8,535 Cr is nearly 5 times larger than Suryoday at Rs 1,737 Cr. Suryoday trades at a cheaper PE of 9.06x and pays a 0.92% dividend, while Equitas is at PE 16.73x. Both show ROEs in the 8-9% range. Suryoday’s lower valuation and dividend make it an interesting contrarian option in this comparison.

The Equitas Small Finance Bank vs Suryoday Small Finance Bank question comes up often among investors who follow the Small finance banks space in India. Equitas SFB MCap Rs 8,535 Cr, PE 16. 73x, ROE 8. This article goes through what each company does, their latest financial performance, and the key numbers that matter for anyone evaluating Equitas Small Finance Bank vs Suryoday Small Finance Bank as a research exercise.

All data cited here is sourced from publicly available company filings. Verify the latest prices and fundamentals on NSE or BSE before acting on any information.

Table of Contents

Equitas Small Finance Bank vs Suryoday Small Finance Bank: Company Overview and Market Presence

Equitas Small Finance Bank operates in the Small finance banks segment and is listed on Indian exchanges. Equitas SFB MCap Rs 8,535 Cr, PE 16 The company has built its market position over the years through its core offerings to institutional and retail clients.

Click Here – Get Free Investment Predictions

Suryoday Small Finance Bank is the other side of this Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison. 73x, ROE 8 It competes in the same Small finance banks space, though its scale and strategy may differ significantly from Equitas Small Finance Bank’s approach.

When investors look at the Equitas Small Finance Bank vs Suryoday Small Finance Bank pair, market capitalisation is usually the first filter. Equitas SFB MCap Rs 8,535 Cr, PE 16. 73x, ROE 8. The size difference, if any, tells you something about liquidity and institutional ownership patterns.

Equitas Small Finance Bank vs Suryoday Small Finance Bank: Business Mix and Revenue Sources

To understand the Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison fully, you need to look at how each company makes money. Equitas Small Finance Bank’s revenue comes from its core Small finance banks operations. Equitas Small Finance Bank earns from the Small finance banks segment.

Suryoday Small Finance Bank similarly derives its earnings from the Small finance banks space. Suryoday Small Finance Bank operates in the Small finance banks space. The product or service mix of the two companies can be similar or quite different depending on which subsegments each one serves.

Equitas Small Finance Bank vs Suryoday Small Finance Bank: Financial Results and Key Ratios

This is where the Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison gets concrete. Return on equity, price-to-earnings ratio and market capitalisation are three metrics that help frame the relative position of each stock.

Equitas SFB MCap Rs 8,535 Cr, PE 16 The profitability and efficiency ratios here reflect the latest available data from public filings.

73x, ROE 8 Both sets of numbers should be cross-checked against the latest quarterly reports from BSE or NSE before drawing any conclusions.

Compare Equitas Small Finance Bank and Suryoday Small Finance Bank on the Univest Screener

Equitas Small Finance Bank vs Suryoday Small Finance Bank: Valuation and What the Market Is Pricing In

Valuation is a core part of any Equitas Small Finance Bank vs Suryoday Small Finance Bank analysis. A high PE ratio can signal growth expectations or thin earnings. A low PE may indicate value or a business under stress. Neither is automatically good or bad without context.

Equitas SFB MCap Rs 8,535 Cr, PE 16.73x, ROE 8.33%. Suryoday SFB MCap Rs 1,737 Cr, PE 9.06x, ROE 9.23%, Div 0.92%. The Equitas Small Finance Bank vs Suryoday Small Finance Bank stock data above reflects figures sourced from publicly available data. Prices change daily, so treat this as a starting point for your own research rather than a definitive trading signal.

Dividend yield is another data point worth checking in the Equitas Small Finance Bank vs Suryoday Small Finance Bank pair. Some investors prioritise income alongside capital appreciation, and a consistent dividend track record can be a sign of earnings quality and management confidence in the cash flow.

Equitas Small Finance Bank vs Suryoday Small Finance Bank: Side-by-Side Comparison

The table below captures the most relevant metrics side by side for the Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison.

Parameter	Equitas Small Finance Bank	Suryoday Small Finance Bank
Market Cap	Rs 8,535 Cr	Rs 1,737 Cr
PE Ratio	16.73x	9.06x
ROE	8.33%	9.23%
Div Yield	0.00%	0.92%

What Should Investors Know About the Equitas Small Finance Bank vs Suryoday Small Finance Bank Choice

Every Equitas Small Finance Bank vs Suryoday Small Finance Bank research exercise should go beyond just looking at the current share price. The sector outlook for Small finance banks companies, the trajectory of earnings growth, debt levels and management quality all feed into a complete picture.

For the Equitas Small Finance Bank vs Suryoday Small Finance Bank pair specifically: Equitas SFB MCap Rs 8,535 Cr, PE 16. 73x, ROE 8. These numbers are a starting point. Investors should also look at the trend over four to eight quarters rather than just the latest standalone figure, since one strong quarter does not always reflect the underlying business quality.

If you are building a portfolio allocation decision around the Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison, consider the risk profile of your overall portfolio first. Both companies operate in Small finance banks, which carries its own sector-specific risks including regulatory changes, commodity cost pressure, competitive intensity and macroeconomic sensitivity.

Conclusion

The Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison comes down to this: Equitas Small Finance Bank and Suryoday Small Finance Bank are both listed Indian companies in the Small finance banks space, but they differ in scale, valuation, and financial profile. Equitas SFB MCap Rs 8,535 Cr, PE 16. 73x, ROE 8.

Equitas SFB MCap Rs 8,535 Cr, PE 16.73x, ROE 8.33%. Suryoday SFB MCap Rs 1,737 Cr, PE 9.06x, ROE 9.23%, Div 0.92%. Before taking any position in either stock, verify the latest fundamentals on NSE or BSE and consult a SEBI-registered investment advisor (registration number INH000013776).

Download the Univest iOS App or Univest Android App to track Equitas Small Finance Bank and Suryoday Small Finance Bank live and get analyst-backed stock recommendations every day.

Disclaimer: Data and figures in this article are sourced from publicly available information and may not be fully accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice from Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Equitas Small Finance Bank do?

Ans. Equitas Small Finance Bank provides savings, deposits and loans to small business owners, micro-enterprises and underserved customers.

What does Suryoday Small Finance Bank do?

Ans. Suryoday Small Finance Bank offers financial inclusion products including credit and savings to low-income households and micro-entrepreneurs.

Which is larger in the Equitas Small Finance Bank vs Suryoday Small Finance Bank comparison?

Ans. Equitas Small Finance Bank at Rs 8,535 Cr is significantly larger than Suryoday Small Finance Bank at Rs 1,737 Cr.

How do the valuations compare in Equitas Small Finance Bank vs Suryoday Small Finance Bank?

Ans. Suryoday trades at PE 9.06x versus Equitas at PE 16.73x, making Suryoday considerably cheaper on an earnings multiple basis.

What is the ROE of Equitas Small Finance Bank?

Ans. Equitas Small Finance Bank ROE is 8.33% based on latest available data.

Does Suryoday Small Finance Bank pay dividends?

Ans. Suryoday Small Finance Bank pays a dividend yield of 0.92%. Equitas does not currently pay a dividend.

How should I evaluate small finance banking stocks?

Ans. For small finance banks, track Gross NPA, collection efficiency, MFI portfolio stress, deposit franchise growth and CASA ratios.

News

Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.