Ujjivan Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 539874 | NSE: UJJIVAN | Finance Term Lending | Small Cap

Ujjivan Financial Share Price

475.65 -5.00 -1.04%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ujjivan Financial

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Ujjivan Financial Services stock performance -

mw4me loader
P/E Ratio (CD):
7.13
Market Cap:
5,853.6 Cr.
52-wk low:
235.1
52-wk high:
614.7

Is Ujjivan Financial Services Ltd an attractive stock to invest in?

1. Is Ujjivan Financial Services Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ujjivan Financial Services Ltd is a below average quality company.

2. Is Ujjivan Financial Services Ltd undervalued or overvalued?

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

3. Is Ujjivan Financial Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ujjivan Financial Services 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 Financial:

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 Financial Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'13Mar'14Mar'15Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)0001,3491,5191,9442,8603,0662,9954,4215,678
YoY Gr. Rt. %-NANANA12.6%28%47.1%7.2%-2.3%47.6%-
Adj EPS (₹ ) 00017.42.212.423.2-16.3-15.873.267.4
YoY Gr. Rt. %-NANANA-87.6%477.7%86.9%-170.4%NANA-
BVPS (₹ )000146.9141.7152.3228.6200.1185.4259.9321.7
YoY Gr. Rt. %-NANANA-3.6%7.5%50.1%-12.5%-7.3%40.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0002.40.31.31.8-1.2-1.13.90

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA23.8%15.6%47.6%
Adj EPSNA102.5%46.7%NA
BVPSNA12.9%4.4%40.2%
Share Price - 7.2% 30.7% 98.5%

Key Financial Ratios

RATIOS \ YEARSMar'13Mar'14Mar'15Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)00015.41.77.710.4-7.8-7.725.814.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)00011.81.58.512.9-9.2-9.842.121

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.20%

Total Income has increased 15.63 CAGR in last 3 years

Net Profit has increased 46.65 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Ujjivan Financial Services Ltd.

Standalone Consolidated
TTM EPS (₹) 15.2 67.4
TTM Sales (₹ Cr.) 72 5,678
BVPS (₹.) 155.4 321.7
Reserves (₹ Cr.) 1,771 3,796
P/BV 3.09 1.49
PE 31.57 7.13
From the Market
52 Week Low / High (₹) 235.05 / 614.70
All Time Low / High (₹) 96.10 / 614.70
Market Cap (₹ Cr.) 5,854
Equity (₹ Cr.) 121.8
Face Value (₹) 10
Industry PE 13.2

Management X-Ray of Ujjivan Financial:

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 Financial

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
Income1,3981,5502,0152,9693,1813,0944,780
Interest Income1,3491,5191,9442,8603,0662,9954,421
Other Income 48317111011599358
Expenditure 1,0761,5051,8112,5533,5003,3983,249
Interest Expense 5436027271,1151,1211,0711,493
Operating Expenses 4436611,0131,2571,2091,4751,753
Provisions 90243701821,1718532
Exceptional Items 0000000
Profit Before Tax 32245204416-319-3041,531
Taxes 1141954117-80-73391
Profit After Tax 20826150299-239-2311,140
Adjusted EPS (₹)17.42.212.423.2-16.3-15.873.2
Dividend Payout Ratio (%)5%23%10%3%0%0%7%

Balance Sheet

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

Equity and Liabilities

Equity Capital1,7551,7321,8782,8402,5122,3233,224
Share Capital 119121121122122122122
Reserves 1,6361,6111,7572,7182,3912,2013,102
Minority Interest0003314384001019
Long Term Borrowings2,8497,52711,45714,12415,99520,39429,997
Current Liabilities 4,1071716151,327921892914
Trade Payables142544645213391
Short term borrowings025335427000
Other Liabilities-13-50-379-491-52-133-91
Total Liabilities 8,7129,43013,95018,62219,86624,00935,153

Assets

Non Current Asset 2,138217308847850718754
Loan Asset 0000000
Other Non Current Asset 2,138217308847850718754
Current Asset 6,5749,21313,64217,77519,01523,29134,399
Current Investment1,0891,2441,5482,4292,4544,2028,591
Other Current Asset5,4857,96912,09415,34516,56119,08925,808
Total Assets 8,7129,43013,95018,62219,86624,00935,153

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -5832,190-3,248-2,4641,6122,8262,073
Cash Flow From Investing Activity -1,559113-448-1,087-215-1,785-4,554
Cash Flow From Financing Activity 2,409-2,4414,1983,812-803-8192,640
Net Cash Flow 267-137503261594222159
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)1721223-16-1673
DPS (₹)1111005
BVPS (₹)147142152229200185260

Performance Ratios

ROA (%)2.40.31.31.8-1.2-1.13.9
ROE (%)11.81.58.512.9-9.2-9.842.1
ROCE (%)10.67.48.19.84.43.710.7

Valuation Parameters

Price/Book(x)2.92.42.30.71.10.61.0

Ujjivan Financial Services Ltd Stock News

Ujjivan Financial Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ujjivan Financial on 28-Mar-2024 16:01 is ₹475.6.
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 Financial stood at ₹5,853.6.
The latest P/E ratio of Ujjivan Financial as of 28-Mar-2024 16:01 is 31.57.
The latest P/B ratio of Ujjivan Financial as of 28-Mar-2024 16:01 is 3.09.
The 52-week high of Ujjivan Financial is ₹614.7 and the 52-week low is ₹235.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ujjivan Financial is ₹72.00 ( Cr.) .

About Ujjivan Financial Services Ltd

Ujjivan Financial Services Ltd. (UFSL) started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. It was the largest MFI in the country in terms of geographical spread having its operations was spread many states and union territories, and districts across India.

The company was the largest MFI in the country in terms of geographical spread having its operations was spread across vary states and union territories, and many districts across India. Ujjivan's erstwhile business was primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. It had also offered individual loans to Micro & Small Enterprises (MSEs). Ujjivan had adopted an integrated approach to lending, which combines a high customer touch-point typical of microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank.

Business area of the company

The company offers a diverse range of loan products to cater to the specific requirements of its customers. Its products can be classified under two broad categories, namely, group loans and individual loans. Depending upon the end use, these products can be further sub-divided into agricultural, education, home improvement, home purchase and livestock loans. All of its assets under management (AUM) fall under the priority sector lending norms prescribed by the RBI. In addition to loan products, the company also provides non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Bajaj Allianz Life Insurance Company, Kotak Mahindra Old Mutual Life Insurance and HDFC Standard Life Insurance Company.

Awards and Accreditations

  • 2007: The company was awarded the ‘Unitus Accelerator Award’ at the Unitus Leadership Summit.
  • 2008: The company was awarded the ‘Microfinance Process Excellence Award - 08’ for South Region by Royal Bank of Scotland Group in partnership with PlaNet Finance.
  • 2009: The company was ranked #1 amongst the best companies to work for in the MFI industry under the assessment study conducted by Great Places to Work Institute.
  • 2009: The company was awarded a certificate for reporting on social indicators to MIX under the gold category by Michael & Susan Dell Foundation in collaboration with Ford Foundation and CGAP.
  • 2010: The company was ranked amongst the top 100 companies as India’s best companies to work for by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2010: The company was awarded the ‘Srijan MFI Transparency Award 2010’ in the established MFI category by Intellecap.
  • 2011: The company was ranked #14 amongst the best companies to work by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2011: The company was ranked #1 amongst the best companies to work for in the MFI industry by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2011: The company was awarded as the ‘Organisation of the year’ under the large microfinance institution category at Microfinance India summit.
  • 2012: The company was ranked #16 amongst amongst the top 50 companies having above 1,000 employees in India’s best companies to work for 2012 by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2012: The company was ranked #21 amongst amongst India’s 25 best companies to work for by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2012: The company was ranked #2 amongst the best companies to work for in the MFI industry under the assessment study conducted by Great Places to Work Institute.
  • 2013: The company was ranked #2 amongst the best companies by Endenred - India in collaboration with the Great Place to Work Institute.
  • 2013: The company was awarded amongst India's 100 innovative companies by Inc. India Magazine.
  • 2014: The company was awarded as ‘Best Inspiring Place to Work’ under the NBFC category by Banking Frontiers in collaboration with Deloitte.
  • 2014: The company was ranked #9 amongst the best companies to work for 2014 by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2014: The company was awarded ‘MIX S.T.A.R. MFI 2013’ award by MIX.
  • 2015: The company was awarded the certificate of excellence in recognition of smart innovation at the as Innovative 100 summit by Inc. India Magazine.
  • 2015: The company was ranked #1 amongst the best companies to work for 2015 under the microfinance industry by The Economic Times in collaboration with the Great Place to Work Institute.
  • 2015: The company was awarded the ‘Skoch Order-of-Merit’ for qualifying amongst the India’s best in 2015 for capacity building and financial literacy by Skoch Group.
  • 2016: The company was awarded ‘Corporate Citizen of the Year - 2016’ by Public Relations Council of India.
  • 2016: The company was ranked #23 amongst the Best Workplaces 2016 Asia in the ‘25 Best Large Workplaces (501+ Employees)’ category by the Great Place to Work Institute.
  • 2018: Best Security Practices in Small Finance Bank’ award during AISS 2018.
  • 2018: DSCI Excellence Awards 2018 for ‘Security Practices in Small Finance Banks’.
  • 2018: ERM 'Strategy of the Year' award at the ERM World Summit by RSA.
  • 2019: Best Legal Department of the Year (Medium-Large Category) at IDEX LEGAL Awards 2019.
  • 2020: Received the IBA Banking Technology Innovation Awards for 'The Best IT Risk Management and Cyber security Initiative’.
  • 2020: Won the award for ‘Best Microfinance Bank’ by Asia Money.

Milestones

  • 2004: The company commenced operations as a private limited company.
  • 2005: Obtained registration from RBI to commence operations as an NBFC and commenced operations in southern region of India.
  • 2006: Investment by MSDF.
  • 2007: Introduced employee stock option scheme.
  • 2008: Investment by MSDF, Elevar, IFIF, MUC, and Sarva Capital.
  • 2008: Commenced operations in northern and eastern regions of India.
  • 2009: Commenced operations in western region of India.
  • 2011: Commenced operations in north-eastern region of India.
  • 2011: The company was awarded for outstanding contribution in enrolling 1 million members under the financial inclusion product ‘Group Term Life’ by Bajaj Allianz.
  • 2012: Investment by IFC and FMO.
  • 2013: Granted NBFC-MFI status by RBI.
  • 2015: Investment by Bajaj, CX Partners, NewQuest, Alena and CDC.
  • 2015: Listing of secured and redeemable non – convertible debentures on BSE.
  • 2015: Upgradation of CARE rating for long term bank facilities to ‘CARE A (Single A)’.
  • 2017: Launch of Banking Operations on February 06 2017, 15 live branches were operational as of March 31, 2017.
  • 2017: The bank has achieved breakeven in the first two months of operations with a PAT of Rs. 0.04 Crore.
  • 2018: The company launched two new products to expand its product & service offerings for customers. Theses products were Savings Account for Senior Citizens and Tax Saver Fixed Deposit.
  • 2018: First among Small Finance Banks, as Registrar for Aadhar enrolment.
  • 2019: Launched new business lines - rural agri. business, financial institutions group (FIG) lending, two-wheeler loans, personal loans and overdraft facility.
  • 2020: UFSL transferred its business to the Bank, which subsequent to the RBI licence, commenced its banking operations from February 1, 2017. As of March 31, 2020, UFSL holds 83.32% in the Bank.
  • 2020: Ujjivan Small Finance Bank (material listed subsidiary of the Company) serves over 54.4 Lakhs active customers through 575 branches, and 17,841 employees, spread across 244 districts and 24 states and union territories in India. Its gross loan book stands at Rs 14,153 Crores and a deposit base of Rs 10,780 crore, as on March 31, 2020. 
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