Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank Ltd

₹ 54.3 -1.45%
21 Feb 4:12 p.m.
About

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. It started its operations as Ujjivan Financial Services Limited, a Non-Banking Financial Company in 2005 with the mission to provide financial services to the ‘economically active poor’ who were not adequately served by financial institutions. [1]

Key Points

Business Segments FY24

  • Market Cap 10,624 Cr.
  • Current Price 54.3
  • High / Low 63.0 / 22.8
  • Stock P/E 8.42
  • Book Value 20.5
  • Dividend Yield 2.30 %
  • ROCE 10.6 %
  • ROE 33.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 176% CAGR over last 5 years
  • Company's median sales growth is 24.8% of last 10 years

Cons

  • Stock is trading at 2.65 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.64% 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: Banks Industry: Banks - Private Sector

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Quarterly Results

Figures in Rs. Crores

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
Revenue 688 618 642 645 708 818 905 993 1,082 1,185 1,287 1,391 1,471
Interest 256 250 257 254 254 274 306 330 385 447 494 568 611
912 298 770 812 603 498 454 415 447 505 538 576 650
Financing Profit -480 70 -385 -421 -149 46 146 248 250 233 255 248 210
Financing Margin % -70% 11% -60% -65% -21% 6% 16% 25% 23% 20% 20% 18% 14%
100 114 73 55 104 127 125 147 139 179 177 189 185
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -380 184 -312 -366 -46 173 271 395 389 412 432 436 394
Tax % 27% 26% 25% 25% 26% 27% 25% 25% 25% 25% 25% 25% 24%
-279 136 -233 -274 -34 127 203 294 293 310 324 328 300
EPS in Rs -1.61 0.79 -1.35 -1.58 -0.20 0.73 1.17 1.51 1.50 1.58 1.66 1.68 1.53
Gross NPA % 0.96% 7.07% 9.79% 11.80% 9.79% 7.34% 6.51% 5.06% 3.64% 2.88% 2.62% 2.35% 2.18%
Net NPA % 0.05% 2.93% 2.68% 3.29% 1.67% 0.61% 0.11% 0.04% 0.05% 0.04% 0.06% 0.09% 0.17%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 148 223 217 1,468 1,832 2,704 2,806 2,813 4,165 5,333
Interest 59 81 109 607 725 1,070 1,078 1,039 1,467 2,120
93 102 111 922 1,053 1,417 1,944 2,557 1,730 2,268
Financing Profit -3 40 -3 -61 54 217 -215 -783 968 945
Financing Margin % -2% 18% -1% -4% 3% 8% -8% -28% 23% 18%
8 11 9 111 206 322 302 313 589 730
Depreciation 2 3 5 41 61 73 77 80 90 0
Profit before tax 2 49 1 9 199 466 10 -550 1,467 1,675
Tax % 22% 31% 94% 22% 0% 25% 19% 25% 25%
2 34 0 7 199 350 8 -415 1,100 1,261
EPS in Rs 0.00 0.05 1.38 2.02 0.05 -2.40 5.63 6.45
Dividend Payout % 0% 48% 0% 0% 0% 0% 0% 0% 22%
Compounded Sales Growth
10 Years: 34%
5 Years: 23%
3 Years: 15%
TTM: 40%
Compounded Profit Growth
10 Years: 42%
5 Years: 176%
3 Years: 46%
TTM: 38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 16%
1 Year: 95%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 8%
Last Year: 33%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 57 66 1,440 1,440 1,440 1,728 1,728 1,728 1,955
Reserves 185 256 0 7 180 1,260 1,290 874 2,054
Preference Capital 0 0 200 200 200 200 200 200 200
617 997 6,498 7,625 11,546 14,734 16,383 20,056 28,179
38 41 498 401 577 690 979 946 1,129
Total Liabilities 898 1,360 8,436 9,473 13,742 18,411 20,380 23,604 33,317
11 11 137 194 282 280 276 244 265
CWIP 0 0 3 4 2 21 5 6 18
Investments 0 0 1,447 1,232 1,527 2,396 2,516 4,153 8,510
886 1,349 6,849 8,042 11,931 15,715 17,583 19,202 24,524
Total Assets 898 1,360 8,436 9,473 13,742 18,411 20,380 23,604 33,317

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-168 -409 -7,084 2,314 478 242 2,657 2,547 1,060
1 3 -161 -101 -148 -757 -1,356 -841 -2,096
269 427 7,931 -2,439 287 776 -706 -1,484 1,186
Net Cash Flow 102 21 687 -225 617 261 595 222 150

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 12% 0% 13% 15% 0% -15% 33%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
83.32% 83.32% 83.32% 83.32% 83.32% 83.32% 73.68% 73.68% 73.67% 73.67% 73.66% 73.60%
4.39% 4.00% 0.13% 0.11% 0.14% 0.18% 3.25% 2.29% 1.96% 3.90% 3.54% 3.70%
3.13% 2.15% 1.18% 0.75% 0.66% 0.65% 9.08% 8.21% 8.35% 7.07% 4.21% 3.99%
9.16% 10.53% 15.37% 15.82% 15.88% 15.85% 13.99% 15.83% 16.00% 15.35% 18.59% 18.72%
No. of Shareholders 1,83,4191,98,0532,49,0342,61,7822,70,3002,72,5482,63,6292,76,6652,78,2882,94,8854,52,7495,98,080

* 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.

Click on the line-items to see the names of individual entities.

Documents

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