Ujjivan Financial Services Ltd

Ujjivan Financial Services Ltd

₹ 552 -0.64%
21 Feb 1:44 p.m.
About

Ujjivan Financial Services was registered with Reserve Bank of India (" the RBI") as NBFC-MFI under Non-Banking Financial Company Micro Finance Institutions (NBFC-MFIs) directions on September 05, 2013. The Company received approval from the RBI to set up a Small Finance Bank.(Source : 202003-01 Annual Report Page No:78)

Key Points

Background
On September 05, 2013, the co registered with RBI as a Non-Banking Financial Company Micro Finance Institutions (NBFC-MFI) and received approval to set up a Small Finance Bank. Consequently, it transferred its Business undertaking to its wholly-owned subsidiary Ujjivan Small Finance Bank Limited which commenced operations on February 1, 2017. Pursuant to this change, the Co surrendered its NBFC-MFI license and received approval and certificate of registration as NBFC-ND-SI-CIC (Core Investment Company) from the RBI on October 10, 2017. [1]

  • Market Cap 6,717 Cr.
  • Current Price 552
  • High / Low 615 / 233
  • Stock P/E 8.20
  • Book Value 299
  • Dividend Yield 0.89 %
  • ROCE 10.3 %
  • ROE 32.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 103% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.29% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
772 717 700 736 708 850 1,008 1,040 1,144 1,231 1,375 1,496 1,576
1,156 281 564 521 677 409 327 285 365 516 510 530 600
Operating Profit -385 436 137 215 32 441 680 754 779 716 865 966 976
OPM % -50% 61% 20% 29% 4% 52% 68% 73% 68% 58% 63% 65% 62%
20 16 36 -4 24 41 50 60 50 97 81 62 59
Interest 262 275 266 262 261 282 313 337 391 453 499 572 617
Depreciation 36 62 40 40 38 38 39 40 43 42 39 42 49
Profit before tax -663 114 -133 -91 -243 163 380 437 396 318 408 414 370
Tax % 26% 26% 25% 25% 25% 27% 22% 28% 25% 27% 27% 25% 24%
-491 84 -99 -68 -182 119 295 315 298 232 298 309 281
EPS in Rs -33.60 5.76 -6.80 -4.66 -12.43 8.13 20.23 21.12 18.12 13.74 18.07 18.55 17.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,393 1,516 1,957 2,864 3,072 2,995 4,556 5,678
521 857 1,022 1,273 2,209 2,170 1,492 2,155
Operating Profit 872 659 935 1,591 863 825 3,064 3,523
OPM % 63% 43% 48% 56% 28% 28% 67% 62%
5 28 57 105 109 97 122 299
Interest 543 602 727 1,115 1,121 1,071 1,493 2,141
Depreciation 13 41 61 166 170 155 163 172
Profit before tax 322 45 204 416 -319 -304 1,531 1,509
Tax % 35% 42% 26% 28% 25% 24% 26%
208 26 150 299 -239 -230 1,140 1,120
EPS in Rs 17.40 2.15 12.42 23.21 -16.34 -15.75 73.20 67.44
Dividend Payout % 5% 23% 10% 3% 0% 0% 7%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 17%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: 103%
3 Years: 47%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 32%
1 Year: 111%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 6%
Last Year: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 119 121 121 122 122 122 122 122
Reserves 1,636 1,611 1,757 2,718 2,391 2,201 3,102 3,515
6,392 7,625 11,842 15,204 16,799 21,073 30,776 34,774
331 165 306 668 895 1,027 1,487 1,918
Total Liabilities 8,479 9,522 14,026 18,711 20,207 24,423 35,486 40,329
137 194 282 799 718 666 684 760
CWIP 3 4 2 21 5 6 18 31
Investments 1,447 1,244 1,548 2,429 2,552 4,215 8,604 11,037
6,892 8,080 12,194 15,462 16,932 19,536 26,181 28,502
Total Assets 8,479 9,522 14,026 18,711 20,207 24,423 35,486 40,329

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-583 2,190 -3,248 -2,464 1,612 2,826 2,073
-1,559 113 -448 -1,087 -215 -1,785 -4,554
2,409 -2,441 4,198 3,812 -803 -819 2,640
Net Cash Flow 267 -137 503 261 594 222 159

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1,122 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 1,122 0 0 0 0 0 0
Working Capital Days 162 -39 -40 -31 -38 -58 -21
ROCE % 7% 8% 10% 4% 4% 10%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
23.61% 22.94% 26.17% 26.65% 28.22% 30.71% 30.65% 31.91% 31.15% 40.48% 36.47% 34.98%
19.32% 18.19% 13.74% 12.69% 12.43% 10.67% 1.27% 1.09% 2.13% 3.86% 6.03% 7.44%
57.07% 58.87% 60.09% 60.66% 59.35% 58.62% 68.10% 66.98% 66.71% 55.64% 57.50% 57.58%
No. of Shareholders 1,05,0401,10,8181,19,6851,20,5431,14,9951,05,91694,69084,83583,66680,74381,70196,170

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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