City Union Bank Ltd

About [ edit ]

Union Bank Limited is a banking company. The Bank's segments include Treasury, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations.(Source : Company Web-site )

Key Points [ edit ]
  • Market Cap 12,597 Cr.
  • Current Price 170
  • High / Low 200 / 116
  • Stock P/E 32.6
  • Book Value 71.7
  • Dividend Yield 0.29 %
  • ROCE 6.70 %
  • ROE 9.40 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.08% over past five years.
  • Company has a low return on equity of 13.02% for last 3 years.
  • Contingent liabilities of Rs.8838.49 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.738.99 Cr.
  • Dividend payout has been low at 5.50% of profits over last 3 years

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 871 890 926 967 985 1,029 1,037 1,061 1,042 1,049 1,061 1,048
Interest 503 515 528 549 564 612 625 634 622 612 586 559
280 282 289 310 320 345 368 342 714 399 437 479
Financing Profit 88 93 109 108 100 72 44 85 -295 38 38 10
Financing Margin % 10% 10% 12% 11% 10% 7% 4% 8% -28% 4% 4% 1%
Other Income 120 129 119 120 147 163 195 142 179 161 169 230
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 208 222 228 228 247 236 239 227 -115 199 208 240
Tax % 27% 27% 26% 22% 29% 21% 19% 15% 17% 23% 24% 29%
Net Profit 152 162 168 178 175 186 194 192 -95 154 158 170
EPS in Rs 2.08 2.21 2.30 2.43 2.38 2.53 2.63 2.62 -1.29 2.09 2.14 2.30
Gross NPA % 3.03% 3.02% 2.85% 2.91% 2.95% 3.34% 3.41% 3.50% 4.09% 3.90% 3.44% 2.94%
Net NPA % 1.70% 1.70% 1.69% 1.74% 1.81% 1.89% 1.90% 1.95% 2.29% 2.11% 1.81% 1.47%

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 804 957 1,218 1,697 2,189 2,546 2,699 2,944 3,174 3,402 3,767 4,169 4,200
Interest 562 678 798 1,197 1,565 1,787 1,891 1,963 1,975 1,972 2,156 2,493 2,379
172 213 279 359 470 588 655 735 937 1,120 1,140 1,690 2,028
Financing Profit 71 65 141 141 154 171 153 246 262 310 472 -15 -208
Financing Margin % 9% 7% 12% 8% 7% 7% 6% 8% 8% 9% 13% -0% -5%
Other Income 124 144 157 207 274 280 415 410 484 532 514 680 739
Depreciation 16 14 17 14 25 38 47 52 53 52 62 79 0
Profit before tax 178 195 282 334 403 414 521 603 693 790 925 586 531
Tax % 32% 22% 24% 16% 20% 16% 24% 26% 27% 25% 26% 19%
Net Profit 122 153 215 280 322 347 395 445 503 592 683 476 386
EPS in Rs 2.02 2.52 3.51 4.54 4.94 5.29 5.47 6.14 6.91 8.10 9.30 6.46 5.24
Dividend Payout % 20% 20% 16% 15% 15% 16% 17% 16% 4% 3% 5% 8%
Compounded Sales Growth
10 Years:16%
5 Years:9%
3 Years:10%
TTM:2%
Compounded Profit Growth
10 Years:12%
5 Years:4%
3 Years:-2%
TTM:-48%
Stock Price CAGR
10 Years:19%
5 Years:17%
3 Years:-0%
1 Year:24%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:13%
Last Year:9%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
32 40 40 41 47 54 60 60 60 66 73 74
Reserves 629 786 966 1,202 1,593 1,971 2,636 2,992 3,510 4,097 4,767 5,222
Borrowings 8,247 10,325 13,100 16,689 20,782 22,322 24,244 27,823 30,647 34,588 38,929 42,865
341 403 476 401 555 647 932 929 1,054 1,186 1,489 1,573
Total Liabilities 9,249 11,554 14,584 18,333 22,977 24,994 27,871 31,804 35,271 39,937 45,259 49,734
41 63 69 98 141 183 210 218 215 223 250 245
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2,397 3,210 3,616 4,586 5,267 5,954 5,871 6,826 7,031 7,879 7,712 9,117
6,810 8,280 10,899 13,649 17,569 18,857 21,790 24,760 28,024 31,835 37,297 40,372
Total Assets 9,249 11,554 14,584 18,333 22,977 24,994 27,871 31,804 35,271 39,937 45,259 49,734

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
92 231 237 -71 618 412 131 248 284 -183 419 1,836
-14 -35 -22 -43 -68 -79 -64 -60 -50 -61 -87 -60
-10 19 -29 -36 84 76 291 -75 -4 1 -5 -18
Net Cash Flow 68 215 186 -150 634 409 357 113 229 -243 327 1,758

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 20% 20% 23% 25% 22% 19% 16% 15% 15% 15% 15% 9%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
28.54 27.31 25.63 24.36 24.19 22.86 22.63 20.79 21.65 18.67 18.65 18.02
22.74 24.46 25.18 26.73 28.28 29.99 30.62 32.09 30.10 27.52 37.58 39.09
48.72 48.23 49.19 48.91 47.53 47.15 46.75 47.12 48.25 53.81 43.77 42.89

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