Since it began operating in 2016, Equitas Small Finance Bank has steadily established a reputation for itself in the Indian banking sector. The bank has increased its network across India and has been expanding at a steady rate with an emphasis on providing services to the underbanked and underserved segments of the population. The performance of the bank’s share price, which has been constantly monitored by analysts and investors alike, is a crucial component of its growth trajectory. The prospective share price targets for Equitas Small Finance Bank from 2023 to 2030 will be discussed in this article. We will look into the variables that can affect the share price of the bank and offer a thorough examination of its potential for future growth.
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ESFB IN RECENT NEWS
- Equitas Small Finance Bank is now prioritising its core performance.
ESFB SHARE PRICE TARGET 2023
| ESFB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹70.55 | ₹54.27 |
| May 2023 | ₹58.79 | ₹45.22 |
| June 2023 | ₹70.55 | ₹54.27 |
| July 2023 | ₹84.66 | ₹65.12 |
| August 2023 | ₹93.13 | ₹71.64 |
| September 2023 | ₹97.78 | ₹75.22 |
| October 2023 | ₹93.13 | ₹71.64 |
| November 2023 | ₹102.44 | ₹78.80 |
| December 2023 | ₹114.73 | ₹88.25 |
Equitas Small Finance Bank’s share price target for April 2023 is expected to be between ₹54.27 and ₹70.55. In May 2023, the share price is predicted to experience a dip, with the expected range being between ₹45.22 and ₹58.79. By June 2023, the share price is expected to rise back up to between ₹54.27 and ₹70.55. July 2023 could see further gains, with the share price predicted to be between ₹65.12 and ₹84.66. August 2023 may see the share price reach its highest point for the year, with the expected range being between ₹71.64 and ₹93.13. In September 2023, the share price is expected to remain strong, with the predicted range being between ₹75.22 and ₹97.78. October 2023 could see a slight dip in share price, with the expected range being between ₹71.64 and ₹93.13. The share price is predicted to rise again in November 2023, with the expected range being between ₹78.80 and ₹102.44. Finally, in December 2023, the share price is expected to reach its highest point for the year, with the predicted range being between ₹88.25 and ₹114.73.
ESFB SHARE PRICE TARGET 2024
| ESFB SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹120.77 | 1037.03 |
| February 2024 | ₹135.70 | ₹113.08 |
| March 2024 | ₹142.84 | ₹116.13 |
| April 2024 | ₹129.85 | ₹99.89 |
| May 2024 | ₹108.21 | ₹83.24 |
| June 2024 | ₹129.85 | ₹99.89 |
| July 2024 | ₹110.37 | ₹85.56 |
| August 2024 | ₹121.41 | ₹96.36 |
| September 2024 | ₹127.48 | ₹98.06 |
| October 2024 | ₹149.98 | ₹115.37 |
| November 2024 | ₹157.48 | ₹121.14 |
| December 2024 | ₹160.63 | ₹123.56 |
Equitas Small Finance Bank’s share price target for 2024 appears to be a mix of highs and lows. The maximum share price target for the year is predicted to be ₹160.63 in December 2024, while the minimum target is expected to be ₹83.24 in May 2024. The share price is expected to start the year at ₹120.77 in January and increase to ₹135.70 in February. In March 2024, the share price is predicted to rise further to ₹142.84, before experiencing a dip in April and May to between ₹83.24 and ₹129.85. By June 2024, the share price is expected to rise again to between ₹99.89 and ₹129.85. In July and August, the share price is expected to remain relatively stable, with the predicted range being between ₹85.56 and ₹121.41. September 2024 could see further gains, with the share price predicted to be between ₹98.06 and ₹127.48. In October and November, the share price is expected to rise further to between ₹115.37 and ₹157.48.
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ESFB SHARE PRICE TARGET 2025
| ESFB SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹163.84 | ₹126.03 |
| February 2025 | ₹172.46 | ₹132.67 |
| March 2025 | ₹181.09 | ₹139.30 |
| April 2025 | ₹161.69 | ₹124.37 |
| May 2025 | ₹146.99 | ₹113.07 |
| June 2025 | ₹161.69 | ₹124.37 |
| July 2025 | ₹153.99 | ₹118.45 |
| August 2025 | ₹160.40 | ₹123.39 |
| September 2025 | ₹168.42 | ₹129.56 |
| October 2025 | ₹178.53 | ₹137.33 |
| November 2025 | ₹191.02 | ₹146.94 |
| December 2025 | ₹194.85 | ₹149.88 |
Equitas Small Finance Bank’s share price target for 2025 appears to be on an upward trend, with the maximum share price target for the year predicted to be ₹194.85 in December 2025, and the minimum share price target expected to be ₹113.07 in May 2025. The share price is expected to start the year at ₹163.84 in January, before rising to ₹172.46 in February and ₹181.09 in March. In April and May, the share price is expected to dip to between ₹113.07 and ₹161.69, before rising again to between ₹118.45 and ₹160.40 in June and August. By September and October, the share price is expected to rise to between ₹129.56 and ₹178.53, respectively. The share price is then predicted to experience a significant increase in November 2025 to ₹191.02, before reaching the maximum share price target of ₹194.85 in December 2025.
ESFB SHARE PRICE TARGET 2026 TO 2030
| ESFB SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹136.39 | ₹95.47 |
| 2027 | ₹115.93 | ₹81.15 |
| 2028 | ₹208.68 | ₹146.08 |
| 2029 | ₹428.66 | ₹300.06 |
| 2030 | ₹477.37 | ₹334.16 |
Based on the data provided, the ESFB share price target for the year 2026 is expected to have a maximum price of ₹136.39 and a minimum price of ₹95.47. In the year 2027, the share price target is projected to have a maximum price of ₹115.93 and a minimum price of ₹81.15. For the year 2028, the share price target is estimated to have a maximum price of ₹208.68 and a minimum price of ₹146.08. Moving ahead, the share price target for the year 2029 is expected to have a maximum price of ₹428.66 and a minimum price of ₹300.06. Finally, in the year 2030, the share price target is projected to have a maximum price of ₹477.37 and a minimum price of ₹334.16.
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FINANCIAL STRENGTH OF EQUITAS SMALL FINANCE BANK (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 |
Looking at the financial statement of ESFB bank for the last five years, it is evident that the company has been consistently growing in terms of its revenue and profits. The total income for FY2022 stands at ₹3,997.23 crore, which is a growth of 10.65% compared to the previous year. However, the profit after tax (PAT) for FY2022 has decreased by 26.94% compared to the previous year, which could be due to higher provisions and contingencies. The company’s net interest margin has been consistently over 7% for the last three years, indicating a healthy interest income. The bank’s basic EPS for FY2022 is ₹2.43, which is lower than the previous year. The bank has been making provisions and contingencies regularly, which is a good sign for long-term stability, even though it may affect short-term profitability. Overall, ESFB has shown steady growth in its revenue and profit over the years, with occasional fluctuations in PAT growth.
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FAQ’s
What is the maximum share price target of Equitas Small Finance Bank in 2026?
The maximum share price target of Equitas Small Finance Bank in 2026 is Rs. 136.39
What is the maximum share price target of Equitas Small Finance Bank in 2027?
The maximum share price target of Equitas Small Finance Bank in 2027 is Rs. 115.93
What is the maximum share price target of Equitas Small Finance Bank in 2028?
The maximum share price target of Equitas Small Finance Bank in 2028 is Rs. 208.68
What is the maximum share price target of Equitas Small Finance Bank in 2029?
The maximum share price target of Equitas Small Finance Bank in 2029 is Rs. 428.66
What is the maximum share price target of Equitas Small Finance Bank in 2030?
The maximum share price target of Equitas Small Finance Bank in 2030 is Rs. 477.37
CONCLUSION: EQUITAS SMALL FINANCE BANK SHARE PRICE TARGET
Based on the financial statements of ESFB over the past five years, the bank has shown a consistent increase in total income, with a growth percentage ranging from 10.65% to 46.91%. However, the bank’s profit after tax (PAT) has been inconsistent, with a negative growth of -26.94% in FY 2022. The provisions and contingencies have also increased over the years. Despite this, the bank has shown improvement in net interest margin and net profit margin. The basic EPS has also seen a consistent increase. Overall, while ESFB has shown promising growth in terms of total income and revenue, there are concerns regarding the bank’s profitability and provisions. Therefore, investors should conduct further research and analysis before making a decision to buy ESFB shares.
