Ujjivan Small Finance Bank Ltd
UJJIVANSFBUjjivan Small Finance Bank Ltd
UJJIVANSFBPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
6.33 | 1.31 | 1.06% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
17.83 | 2.48 | 0.97% |
Forecast & Ratings
Detailed Forecast from 14 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Ujjivan Small Finance Bank is a commercial bank specializing in catering to unserved and underserved segments.
Peers
Compare with peersHDFC Bank Ltd
ICICI Bank Ltd
Axis Bank Ltd
Kotak Mahindra Bank Ltd
Indusind Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 226.10 | 1,579.36 | 2,037.57 | 3,025.81 | 3,108.38 | 3,172.69 | 4,754.18 | 6,463.90 | 7,014.34 | |||||||||
Raw Materials | — | — | — | — | — | — | — | — | 5,470.43 | |||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | ||||||||||
Employee Cost | 50.74 | 360.44 | 518.80 | 718.49 | 748.78 | 812.60 | 920.25 | 1,183.18 | ||||||||||
Selling & Administrative Expenses | 20.59 | 148.31 | 259.54 | 313.00 | 229.96 | 230.21 | 321.15 | 417.43 | ||||||||||
Operating & Other expenses | 148.78 | 1,020.38 | 999.42 | 1,571.79 | 2,042.63 | 2,599.79 | 1,955.27 | 3,062.84 | ||||||||||
EBITDA | 5.99 | 50.23 | 259.81 | 422.53 | 87.01 | -469.91 | 1,557.51 | 1,800.45 | 1,543.91 | |||||||||
Depreciation/Amortization | 5.10 | 41.37 | 60.60 | 72.63 | 76.80 | 80.44 | 90.28 | 98.29 | — | |||||||||
PBIT | 0.89 | 8.86 | 199.21 | 349.90 | 10.21 | -550.35 | 1,467.23 | 1,702.16 | 1,543.91 | |||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | |||||||||
PBT | 0.89 | 8.86 | 199.21 | 349.90 | 10.21 | -550.35 | 1,467.23 | 1,702.16 | 1,543.91 | |||||||||
Taxes & Other Items | 0.85 | 1.98 | 0.00 | 0.00 | 1.90 | -135.77 | 367.32 | 420.67 | 380.11 | |||||||||
Net Income | 0.04 | 6.88 | 199.21 | 349.90 | 8.31 | -414.58 | 1,099.91 | 1,281.49 | 1,163.80 | |||||||||
EPS | 0.00 | 0.05 | 1.38 | 2.21 | 0.05 | -2.40 | 5.97 | 10.36 | 22.44 | |||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.25 | 1.50 | 1.50 | |||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.14 | 0.07 |
Company Updates
Peers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Ujjivan Small Finance Bank Ltd | 5.75 | 1.31 | 1.06% |
HDFC Bank Ltd | 20.70 | 2.82 | 1.12% |
ICICI Bank Ltd | 20.59 | 3.38 | 0.77% |
Axis Bank Ltd | 13.59 | 2.28 | 0.09% |
Price Comparison
Compare UJJIVANSFB with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 73.52%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 5.55%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 4.05%
Shareholding Pattern
Mar 2024
May 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Ujjivan Small Finance Bank Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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SUNDARAM SERVICES FUND-Direct-Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0137% | Percentage of the fund’s portfolio invested in the stock 1.84% | Change in the portfolio weight of the stock over the last 3 months -0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 36/64 (-2) |
Sundaram Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0105% | Percentage of the fund’s portfolio invested in the stock 2.13% | Change in the portfolio weight of the stock over the last 3 months -0.42% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/100 (-4) |
SUNDARAM AMC LTD#SUNDARAM MF-SUNDARAM BNP PARIBAS SELECT THEMATIC FUNDS FIN SER OPPR-DIRECT PL-GR Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6511% | Percentage of the fund’s portfolio invested in the stock 3.20% | Change in the portfolio weight of the stock over the last 3 months -0.23% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/36 (0) |
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smallcases
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 12, 2024
Dividend/Share
₹1.50
Ex DateEx Date
Jul 12, 2024
Cash Dividend
Ex DateEx DateJul 14, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Jul 14, 2023
Cash Dividend
Ex DateEx DateMar 1, 2023
Dividend/Share
₹0.75
Ex DateEx Date
Mar 1, 2023
Kamath has been appointed as the CFO of the bank in order to fill the vacancy caused by the early retirement of erstwhile CFO, Ramesh Murthy. He will take charge on or before 3 January 2025. Kamath is a qualified CA and CS with over 30 years of experience in corporate finance and corporate governance. He has multi-functional experience of around 27 years of working in Tata Group out of which 18 years in various senior positions (CFO/CS/Compliance Officer) across key group companies. He is presently in employment with Credit Access Grameen where he was designated as the CFO from 2020 till August 2024. Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India. The bank reported 28.89% decline in net profit to Rs 233.03 crore despite of 15.20% rise in total income to Rs 1,820.04 crore in Q2 FY25 over Q2 FY24. The scrip declined 3.89% to close at Rs 36.59 on Thursday, 24 October 2024.Powered by Capital Market - Live
Ujjivan Small Finance Bank has appointed S. Balakrishna Kamath as the Chief Financial Officer of the Bank. Kamath will take charge on or before 03 January 2025. Powered by Capital Market - Live
However, total income jumped 15.20% YoY to Rs 1,820.04 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 310.29 crore in Q2 FY25 as against Rs 436.44 crore reported in the same period last year. Net Interest Income (NII) grew by 14.70% to Rs 944 crore in Q2 FY25 from Rs 823 crore posted in the same quarter a year ago. Net interest margin improved to 9.2% in Q2 FY25 as compared with 8.8% registered in Q2 FY24. Pre Provisioning Operating Profit (PPoP) stood at Rs 461 crore in Q2 FY25, registering de-growth of 4.55% from Rs 483 crore in Q2 FY24. As of 30 September 2024, the bank's gross non-performing assets (NPAs) stood at Rs 749.96 crore, an increase from Rs 697.24 crore as of 30 June 2024 and Rs 585.80 crore as of 30 September 2023. The bank's NPAs to gross advances stood at 2.52% in Q2 FY25, unchanged from Q1 FY25 and up from 2.35% recorded in Q2 FY24. The ratio of net NPAs to net advances was at 0.56% as on 30 September 2024 as against 0.41% as on 30 June 2024 and 0.09% as on 30 September 2023. In Q2 FY25, the write-off was at Rs 140 crore and the provision coverage ratio as of September 2024 is 78%. The gross loan book stood at Rs 30,344 crore, registering a 14% YoY growth and a 1% rise QoQ. As of September 2024, the secured loan book is at 34.9% as compared to 31.3% recorded in June 2024. Disbursements in Q2 FY25 amounted to Rs 5,376 crore, reflecting a decrease of 6% YoY and increase of 2% QoQ. As of September 2024, deposits stood at Rs 34,070 crore, up 17% YoY and 5% QoQ. The bank's CASA (Current Account Savings Account) deposits stood at Rs 8,832 crore, reflecting a 26% YoY increase. The CASA ratio was 25.9% as of September 2024, up from 25.6% in June 2024. Retail term deposits (TDs) was at Rs 15,914 crore, registering a 35% increase YoY and a 2% rise QoQ. The capital adequacy ratio at 23.4%, with Tier-1 capital at 21.6%. The provisional daily average liquidity coverage ratio (LCR) for September 2024 was 130%. Sanjeev Nautiyal, MD & CEO, Ujjivan Small Finance Bank said, 'Ujjivan has always stood strong and successfully navigated headwinds in the industry. Similarly, our resilient business model and sound reading of the on-ground situation has always kept us better prepared to identify and manage such issues confidently. As we had mentioned in our previous interactions, we had emanated pockets of stress across the country due to elevated indebtedness levels. Hence, we have proactively developed a cautious approach in terms of growth in microfinance space and have beefed up our vigilance to manage asset quality. Ujjivan has constantly strategized to de-risk its portfolio by introducing more secured products in its offerings. In last 18 months Bank has launched products like Micro Mortgages, Gold Loan, Vehicle Loan, Agri and Working Capital (SME) loans and they are increasingly contributing to the overall asset book each month. This also reflects in our faster growth in secured asset portfolio, growing 12% sequentially.' Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India. Powered by Capital Market - Live
Net profit of Ujjivan Small Finance Bank declined 28.90% to Rs 233.03 crore in the quarter ended September 2024 as against Rs 327.74 crore during the previous quarter ended September 2023. Total Operating Income rose 15.93% to Rs 1612.79 crore in the quarter ended September 2024 as against Rs 1391.14 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1612.791391.14 16 OPM %47.8758.63 - PBDT310.29436.44 -29 PBT310.29436.44 -29 NP233.03327.74 -29 Powered by Capital Market - Live
Ujjivan Small Finance Bank will hold a meeting of the Board of Directors of the Company on 24 October 2024Powered by Capital Market - Live
Ujjivan Small Finance Bank has allotted 2,77,670 equity shares under ESOP on 09 October 2024. Consequently, the paid up equity share capital has increased from Rs. 19,34,18,42,430 to 19,34,46,19,130.Powered by Capital Market - Live
On quarter on quarter (QoQ) basis, the total deposits grew by 5% in Q2 FY25 from Rs 32,514 crore as on 30 June 2024. As of 30 September 2024, the bank's CASA (current account savings account) deposits stood at Rs 8,822 crore, registering a 26% growth from Rs 7,012 crore in the same quarter last year and a 6% increase from Rs 8,334 crore as of 30 June 2024. The CASA ratio improved to 25.9% in September 2024, up from 24.1% posted in September 2023 and 25.6% recorded in 30 June 2024. As on 30 September 2024, the bank's gross loan book stood at Rs 30,344 crore, up 14% YoY and 1% QoQ. The bank's gross loan book includes IBPC (Inter-Bank Participation Certificates) and securitization amounts of Rs 578 crore as of September 2024, compared to Rs 1,685 crore as of September 2023 and Rs 2,369 crore as of June 2024. This also includes the M-LAP (Mortgage-Linked Advance Product). In Q2 FY25, the bank's reported disbursements of Rs 5,374 crore, representing a 7% decline YoY but a 2% increase compared to the previous quarter. The bank's PAR (Portfolio at Risk) ratio improved to 5.1% in Q2 FY25 as compared to 3.7% in the same quarter last year and 4.2% in Q1 FY25. The bank's GNPA (Gross Non-Performing Assets) ratio stood at 2.5% as of 30 September 2024, an increase from 2.2% as of 30 September 2023, and up from 2.3% as of 30 June 2024. Additionally, collection efficiency for Q2 FY25 was reported at 97%, down from 98% in Q2 FY24 and 99% in Q1 FY25. Ujjivan Small Finance Bank was established as a non banking financial services company in the year 2005 with the mission to provide a full range of financial services to the 'economically poor' who were not adequately served by financial institutions. The bank reported 7.1% fall in net profit to Rs 301.08 crore in Q1 FY25 as against 324.07 crore posted in Q1 FY24. The bank's total income jumped 21.2% YoY to Rs 1,774.27 in Q1 FY25. The counter rose 0.92% to end at Rs 40.45 on Friday, 4 October 2024.Powered by Capital Market - Live
Ujjivan Small Finance Bank has granted 66,375 stock options under ESOP. Powered by Capital Market - Live
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Ujjivan Small Finance Bank Q1 Results Review- Incremental Trends In Micro Banking Would Be Key: Yes Securities
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 25.97%, vs industry avg of 17.21%
Increasing Market Share
Over the last 5 years, market share increased from 0.4% to 0.56%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 45.1%, vs industry avg of 31.67%