Revised chart of Suryoday small finance bankHoping FY 26 would be a better year for the bank, while the entire MFI business is struggling the bank had sensed the downturn and took CGFMU insurance cover benefits of this downturn will be reaped in Q1 around 140cr is expected to be recovered as insurance claim
My thesis is current year will end with the figures of PAT of 220-230cr with PCR at 75% , GNPA at 2.5%, NNPA at 0.6% , EPS at 21, book value 192 , ROE of 12%
Next year PAT 360+cr with PCR at 80% , GNPA at 2.5%, NNPA at 0.5%, EPS of 34,
BVPS of 226, ROE of 16%
Hence a cross cycle ROE of 14-15% can be expected which is pretty good considering the valuations
