Ujjivan Small Finance Bank Ltd - Stock Valuation and Financial Performance

BSE: 542904 | NSE: UJJIVANSFB | Bank - Private | Small Cap

Ujjivan Small Fin Share Price

44.31 0.11 0.25%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ujjivan Small Fin

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Ujjivan Small Finance Bank stock performance -

mw4me loader
P/E Ratio (SA):
6.86
Market Cap:
8,657.7 Cr.
52-wk low:
24
52-wk high:
63

Is Ujjivan Small Finance Bank Ltd an attractive stock to invest in?

1. Is Ujjivan Small Finance Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ujjivan Small Finance Bank Ltd is a average quality company.

2. Is Ujjivan Small Finance Bank Ltd undervalued or overvalued?

The key valuation ratios of Ujjivan Small Finance Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ujjivan Small Finance Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ujjivan Small Finance Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ujjivan Small Fin:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ujjivan Small Finance Bank Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Net Interest Income (₹ Cr.)0001088571,1061,6341,7291,7742,6983,214
YoY Gr. Rt. %-NANANA697.1%29.1%47.7%5.8%2.6%52.1%-
Total Income0002261,5792,0383,0263,1083,1734,7546,063
YoY Gr. Rt. %-NANANA598.5%29%48.5%2.7%2.1%49.9%-
Adj EPS (₹ ) 00000.11.220.1-2.45.56.4
YoY Gr. Rt. %-NANANANA2300%62.5%-97.4%-4900%NA-
BVPS (₹ )0001010.111.317.217.214.820.324.6
YoY Gr. Rt. %-NANANA0.5%11.9%52.5%0.3%-14%36.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)00000.11.72.20-1.93.90
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)00000.70.30.22.90.600.2
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)----------25.81

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA25.8%18.2%52.1%
Total IncomeNA24.7%16.3%49.9%
Adj EPSNA156.1%41.4%NA
BVPSNA15%5.7%36.7%
Share Price - - 13.3% 75.2%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Interest Earned / Total Income00095.9392.8689.8989.3590.2788.6687.6188
Margins To view Margins Colour Rating Guide click here
NIM (%)0001.39.58.49.28.87.88.40
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)00000.51315.30.3-1533.826
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)0001.63.710.613.520.627.326.4-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.70%

Total Income has increased 16.25 CAGR in last 3 years

Net Profit has increased 41.37 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Ujjivan Small Finance Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 6.4 -
TTM Sales (₹ Cr.) 5,333 -
BVPS (₹.) 24.6 -
Reserves (₹ Cr.) 2,860 -
P/BV 1.80 -
PE 6.86 -
From the Market
52 Week Low / High (₹) 24.02 / 62.99
All Time Low / High (₹) 13.50 / 62.99
Market Cap (₹ Cr.) 8,658
Equity (₹ Cr.) 1,958.8
Face Value (₹) 10
Industry PE 19.3

Management X-Ray of Ujjivan Small Fin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ujjivan Small Fin

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income 2261,5792,0383,0263,1083,1734,754
Interest Income 2171,4671,8322,7042,8062,8134,165
Other Income 9113206322302360589
Expenditure 2261,5721,8382,6763,1003,5873,654
Interest Expense 1096097251,0701,0781,0391,467
Operating Expenses 1116501,0031,3191,2301,4961,802
Provisions53131102877921,052385
Profit Before Tax1926846610-5501,467
Taxes 12691162-136367
Profit After Tax 071993508-4151,100
Adjusted EPS (₹)0.000.051.201.950.05-2.405.51
Dividend Payout Ratio (%)0%0%0%0%0%0%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Share Capital 1,6401,6401,6401,9281,9281,9282,155
Total Reserves 071801,2381,2478322,003
Minority Interest0000000
Deposits2063,7727,37910,78013,13618,29225,538
Borrowings 6,2913,8534,1663,9533,2471,7642,641
Other Liabilities -8,138201377511822796980
Total Liabilities 09,47313,74218,41120,38023,61233,317

Assets

Balance with RBI 2611984461,2251,7121,6902,305
Balance with Banks502297648118866486178
Investments 01,2321,5272,3962,5164,1538,510
Advances 5,8617,33510,55214,04414,49416,30321,290
Net Block 137194282280276244265
Other Assets225212284328512731750
Total Assets 09,47313,74218,41120,38023,61233,317

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -7,0842,3264782422,6572,5541,060
Cash Flow From Investing Activity -161-101-148-757-1,356-841-2,096
Cash Flow From Financing Activity 7,931-2,439287776-706-1,4841,186
Net Cash Flow 687-213617261595230151
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)00120-26
DPS (₹)0000001
BVPS (₹)10101117171520

Margin Ratios

Yield on Advances (%)3.720.017.419.319.417.319.6
Yield on Investments (%)0.68.06.76.09.14.94.9
Cost of Liabilities (%)1.78.06.37.36.65.25.2
NIM (%)1.39.58.49.28.87.88.4
Interest Spread (%)2.012.011.112.012.812.114.4

Performance Ratios

ROA (%)0.00.11.72.20.0-1.93.9
ROE (%)0.00.513.015.30.3-15.033.8
ROCE (%)1.88.611.112.34.5-7.328.4

Efficiency Ratios

Cost to Income Ratio (%)95.467.176.567.460.670.154.8
Operating Costs to Assets (%)0.06.97.37.26.06.35.4

Valuation Parameters

Price/Book(x)0.00.00.01.61.81.01.3

Ujjivan Small Finance Bank Ltd Stock News

Ujjivan Small Finance Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ujjivan Small Fin on 28-Mar-2024 16:01 is ₹44.31.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ujjivan Small Fin stood at ₹8,657.7.
The latest P/E ratio of Ujjivan Small Fin as of 28-Mar-2024 16:01 is 6.86.
The latest P/B ratio of Ujjivan Small Fin as of 28-Mar-2024 16:01 is 1.80.
The 52-week high of Ujjivan Small Fin is ₹62.99 and the 52-week low is ₹24.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ujjivan Small Fin is ₹5,333 ( Cr.) .

About Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank (USFB) Ltd., is among the leading small finance banks in the country. As a mass market bank, it remains committed to serve the unserved and underserved segments through financial and digital inclusion. The bank was incorporated as Ujjivan Small Finance Bank Limited on July 4, 2016 at New Delhi as a public limited company under the Companies Act, 2013, and was granted the certificate of incorporation by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC). The bank’s Promoter, Ujjivan Financial Services Limited (UFSL) was granted the in-principle approval to establish a small finance bank (SFB), by the RBI, pursuant to its letter dated October 7, 2015. Subsequently, UFSL received the final approval for Bank to carry on the SFB business in India, pursuant to a letter dated November 11, 2016 issued by the RBI. The Bank commenced its business with effect from February 1, 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated July 3, 2017 issued by the RBI.

Business area of the bank

The bank is a mass market focused small finance bank (SFB) in India, catering to unserved and underserved segments and committed to building financial inclusion in the country. The bank’s portfolio of products and services includes various asset and liability products and services. Its asset products comprise loans to micro banking customers that include group loans and individual loans, agriculture and allied loans, MSE loans, affordable housing loans, financial institutions group loans, personal loans, and vehicle loans. On the liability side, the bank offer savings accounts, current accounts and a variety of deposit accounts. In addition, it also provides non-credit offerings comprising ATM-cum-debit cards, Aadhaar enrolment services, distribute third party insurance products and point of sales (POS) terminals.

Awards & accreditations

  • 2015: The Forbes India Leadership Awards (FILA) was held on the evening of 30, September, 2015 at the Grand Hyatt hotel in Mumbai. The awards recognize and honor outstanding business leaders from a wide spectrum of Indian entrepreneurs.
  • 2015: Ujjivan has been ranked as one of the top 25 Best Companies to Work For, by Great Place To Work in India. Further, ranked as no. 1 in the MFI domain, Ujjivan's people practices create a sense of purpose in making a difference to the lives of their customers.
  • 2016: The Platinum Award is the highest independent honor given for Inclusive Insurance and was presented to Ujjivan after taking into consideration multiple factors, including the company's financial inclusion initiatives, exceptional customer service, insurance penetration and for covering the highest number of lives through insurance.
  • 2016: 3rd Best Place to Work For in India and #1 in Microfinance.
  • 2016: Ujjivan received the PR Council of India- Chanakya Awards 2016 in the category- Corporate Citizen of the Year 2016 - for Outstanding contribution to the Profession, Industry and Society at the PRCI 10th Global Communication Conclave at Kolkata.
  • 2017: Ranked 13 in ‘India’s Best Companies to Work for 2017’ by Great Place to Work Institute India and the Economic Times.
  • 2017: Recognised as number 10 in ‘Best Large Workplaces in Asia 2017’ by Great Place to Work Institute India and the Economic Times.
  • 2018: Ranked 19 in ‘India’s Best Companies to Work for 2018’ by Great Place to Work Institute India and the Economic Times.
  • 2018: Special Jury Recognition for ‘Security Practices in Small Finance Banks’ at the DSCI Excellence Award.
  • 2018: ‘Best Workplaces in Small Finance Bank’ recognition for being among the best in the industry by Great Place to Work Institute India and the Economic Times.
  • 2019: Recognised as one among ‘India’s 75 Best Workplaces for Women’ by Great Place to Work Institute India 2019.
  • 2019: Recognition of the Outstanding Spirit of Innovation ‘Glow’ by Banking Frontiers’ Finnoviti 2019.
  • 2019: ‘Best IT Risk Management and Cyber Security Initiatives’ under the small bank category at Banking Technology Conference, Expo and Awards presented by the Indian Banks’ Association.
  • 2019: Banking, Financial Services and Insurance Awards for ‘Best HR practice in finance sector’.
  • 2019: Mr. Samit Ghosh, Former MD & CEO, Ujjivan Small Finance Bank, was conferred upon the prestigious Inclusive Finance India Awards, 2019 in the category of “Contribution to advancing financial inclusion by an individual”, for his exemplary contribution to the same.

Major Events & Milestones

  • 2016: UFSL received RBI Final Approval to set up Bank.
  • 2016: Incorporation of Bank.
  • 2017: Commencement of its operations on February 1, 2017.
  • 2017: Inclusion of Bank in the second schedule of the RBI Act.
  • 2017: Introduced bio-metric authentication facilities in bank’s ATMs.
  • 2018: First full year of banking operations with 187 banking outlets of which 25% were in URCs.
  • 2018: Bank recorded a net profit of Rs 68.63 million.
  • 2019: Crossed four million customer base and ended Fiscal 2019 with a unique active customer base of over 4.61 million.
  • 2019: Total deposits grew from Rs 37.72 billion in Fiscal 2018 to Rs 73.79 billion in Fiscal 2019.
  • 2019: Loan portfolio crossed Rs 110.49 billion.
  • 2019: Launched new digital services -bill payment, UPI, NACH and mobile application in five languages and the corporate internet banking facility.
  • 2019: Launched new business lines, such as, loans for rural agriculture business and allied activities, financial institutions group lending, two-wheeler loans, personal loans and overdraft facility.
  • 2020: Ujjivan Small Finance Bank has introduced a new channel to make banking services accessible to customers in their neighbourhood.
  • 2020: Ujjivan Small Finance Bank is going to offer small commercial vehicle finance for its customers in tier II and III cities. As part of the 'Raftaar Loans' product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West Bengal.
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