Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Which Stock Should You Track

Suryoday SFB MCap Rs 1,742 Cr, PE 9.08x, ROE 9.23%. Utkarsh SFB MCap Rs 2,598 Cr, PE N/A (loss-making), ROE -41.47%.

Updated: 5 Aug 2026 • 9:30 am

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Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Which Stock Should You Track

Suryoday Small Finance Bank vs Utkarsh Small Finance Bank is a comparison small finance bank investors look up when evaluating two mid-tier SFBs with different risk and recovery profiles. Suryoday Small Finance Bank is profitable and growing gross advances at above 30 percent year on year as of Q1 FY27, while Utkarsh Small Finance Bank is currently loss-making with a negative return on equity, navigating the aftermath of a microfinance stress cycle.

This Suryoday Small Finance Bank vs Utkarsh Small Finance Bank article covers reach and market position, key products, latest declared results and stock valuation. The Suryoday Small Finance Bank vs Utkarsh Small Finance Bank data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Reach and Market Position

On the Suryoday Small Finance Bank side of the Suryoday Small Finance Bank vs Utkarsh Small Finance Bank comparison, In the Suryoday Small Finance Bank vs Utkarsh Small Finance Bank comparison, Suryoday serves customers across 16 states and union territories, with a diversified loan portfolio that includes microfinance, MSME, secured vehicle and home loans. Q1 FY27 gross advances grew 32.5 percent year on year to Rs 14,374 Cr. Market capitalisation is Rs 1,742 Cr.

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On the Utkarsh Small Finance Bank side of the Suryoday Small Finance Bank vs Utkarsh Small Finance Bank comparison, Utkarsh Small Finance Bank operates across Uttar Pradesh, Bihar and other eastern Indian states, with a microfinance-heavy loan book. The bank recently received a Rs 387 Cr CGFMU claim payout as of July 2026 and is in the process of capital strengthening. Market capitalisation is Rs 2,598 Cr.

Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Key Products and Business Mix

In the Suryoday Small Finance Bank vs Utkarsh Small Finance Bank product comparison, Suryoday Small Finance Bank offers: Suryoday Small Finance Bank's products span microfinance, MSME loans, home loans, affordable housing and vehicle finance. The bank approved a Rs 300 Cr Tier 1 and Rs 200 Cr Tier 2 capital raise in its July 2026 board meeting. P/E is 9.08x and ROE 9.23 percent.

For Utkarsh Small Finance Bank in this Suryoday Small Finance Bank vs Utkarsh Small Finance Bank breakdown: Utkarsh Small Finance Bank's products are primarily microfinance loans with an expanding secured retail and MSME portfolio. The bank posted a loss in the most recent reported period with ROE of -41.47 percent, and its P/E is not meaningful. EPS TTM is -5.31.

Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Latest Results

The Suryoday Small Finance Bank vs Utkarsh Small Finance Bank results for Suryoday Small Finance Bank: Suryoday Small Finance Bank has a market cap of Rs 1,742 Cr and P/E of 9.08x. ROE is 9.23 percent. Q1 FY27 showed gross advance growth of 32.5 percent year on year, combined with a CGFMU insurance claim recovery of Rs 387 Cr.

The Suryoday Small Finance Bank vs Utkarsh Small Finance Bank results for Utkarsh Small Finance Bank: Utkarsh Small Finance Bank has a market cap of Rs 2,598 Cr and is currently loss-making. ROE is -41.47 percent and there is no meaningful P/E. Book value per share stands at Rs 15.60 and P/B is 0.94.

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Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Stock and Valuation

The Suryoday Small Finance Bank vs Utkarsh Small Finance Bank stock comparison uses the latest available market data from Groww. Investors tracking Suryoday Small Finance Bank vs Utkarsh Small Finance Bank should verify current prices on NSE or BSE before trading.

Suryoday Small Finance Bank trades at a market cap of Rs 1,742 Cr and P/E of 9.08x, with positive ROE of 9.23 percent. Utkarsh Small Finance Bank trades at a larger market cap of Rs 2,598 Cr but is currently loss-making. Investors should note that Utkarsh's valuation reflects expectations of a return to profitability rather than current earnings.

Suryoday Small Finance Bank vs Utkarsh Small Finance Bank: Quick Comparison Table

The Suryoday Small Finance Bank vs Utkarsh Small Finance Bank comparison table below summarises the key metrics covered in this article side by side.

Parameter	Suryoday Small Finance Bank	Utkarsh Small Finance Bank
Sector	Small finance bank	Small finance bank
Market Cap	Rs 1,742 Cr	Rs 2,598 Cr
P/E Ratio	9.08x	N/A (loss-making)
ROE	9.23%	-41.47%
Book Value Per Share	Rs 195.53	Rs 15.60
Profitability	Currently profitable	Currently loss-making
Q1 FY27 Advance Growth	32.5% YoY	Not available

Conclusion

The Suryoday Small Finance Bank vs Utkarsh Small Finance Bank comparison above covers the key data points on reach, products, results and valuation. Suryoday Small Finance Bank vs Utkarsh Small Finance Bank represent two very different risk profiles within the small finance bank sector. Suryoday is profitable and growing, while Utkarsh is navigating a return to profitability after microfinance stress. Investors should carefully review each bank's asset quality and capital adequacy and consult a SEBI-registered advisor before investing.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be 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 is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What is the main difference between Suryoday SFB and Utkarsh SFB?

Ans. Suryoday Small Finance Bank is currently profitable with 32.5 percent advance growth in Q1 FY27. Utkarsh Small Finance Bank is currently loss-making, navigating recovery from microfinance asset stress.

Is Utkarsh SFB profitable?

Ans. No. Utkarsh Small Finance Bank posted a negative ROE of -41.47 percent in the most recent reported period.

How fast is Suryoday SFB growing?

Ans. Suryoday Small Finance Bank's gross advances grew 32.5 percent year on year to Rs 14,374 Cr in Q1 FY27.

What is the CGFMU claim received by Suryoday?

Ans. Suryoday received a Rs 387 Cr claim payout under the Credit Guarantee Fund for Micro Units scheme as of July 2026, providing downside protection against stressed legacy assets.

Which stock trades below book value?

Ans. Utkarsh Small Finance Bank trades at 0.94 times book value. Suryoday Small Finance Bank trades above book.

What risks apply to small finance banks?

Ans. Both companies face risk from microfinance borrower stress, rising credit costs, competition from larger banks, and regulatory requirements on capital adequacy from RBI.

Should I invest in Suryoday SFB or Utkarsh SFB?

Ans. This depends on your preference between a profitable, growing SFB and a turnaround story. Review the latest quarterly results and consult a SEBI-registered advisor before investing.