Union Bank of India

Union Bank of India

₹ 149 1.29%
04 Mar 4:01 p.m.
About

Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.[1]

Key Points

Ratios (FY23)[1][2]
Capital Adequacy Ratio - 16.04%
Net Interest Margin - 3.07%
Gross NPA - 7.53%
Net NPA - 1.70%
CASA Ratio - 35.62%[3]

  • Market Cap 1,13,626 Cr.
  • Current Price 149
  • High / Low 155 / 60.3
  • Stock P/E 8.45
  • Book Value 115
  • Dividend Yield 2.04 %
  • ROCE 5.02 %
  • ROE 11.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 29.5% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.66% over last 3 years.
  • Contingent liabilities of Rs.6,51,666 Cr.
  • Company might be capitalizing the interest cost

* 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 - Public Sector

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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
Revenue 17,220 15,622 17,279 16,851 17,072 17,028 18,256 19,778 20,966 22,163 23,613 24,732 25,521
Interest 10,506 10,079 10,127 9,881 9,762 10,409 10,598 11,384 12,242 13,810 14,664 15,498 16,236
10,419 9,391 8,713 9,410 7,946 6,940 8,442 9,598 8,817 10,041 7,978 7,962 8,012
Financing Profit -3,705 -3,848 -1,561 -2,441 -635 -321 -784 -1,204 -93 -1,688 971 1,271 1,273
Financing Margin % -22% -25% -9% -14% -4% -2% -4% -6% -0% -8% 4% 5% 5%
3,743 5,059 3,267 4,771 3,161 2,326 2,948 3,697 3,669 5,601 4,209 4,221 4,281
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 38 1,211 1,706 2,330 2,526 2,005 2,165 2,493 3,576 3,912 5,180 5,492 5,554
Tax % -1,756% -4% 35% 36% 58% 23% 28% 26% 37% 28% 37% 35% 35%
719 1,269 1,120 1,511 1,077 1,557 1,583 1,853 2,264 2,812 3,272 3,572 3,625
EPS in Rs 1.12 1.98 1.64 2.21 1.58 2.28 2.32 2.71 3.31 4.11 4.79 4.82 4.89
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 21,152 25,169 29,394 32,164 32,316 32,817 32,952 34,314 37,479 69,311 68,230 81,163 96,029
Interest 14,230 17,575 21,467 23,640 23,894 23,776 23,471 23,896 25,837 44,112 40,178 48,033 60,208
6,395 7,268 8,829 9,498 10,349 13,871 21,181 19,019 21,166 36,270 32,264 36,155 33,993
Financing Profit 528 325 -902 -973 -1,928 -4,830 -11,700 -8,601 -9,523 -11,071 -4,213 -3,024 1,828
Financing Margin % 2% 1% -3% -3% -6% -15% -36% -25% -25% -16% -6% -4% 2%
2,316 2,868 3,141 3,957 3,934 5,430 5,462 5,042 5,789 14,307 13,524 15,915 18,312
Depreciation 151 156 198 225 249 241 368 374 417 908 745 745 0
Profit before tax 2,694 3,037 2,040 2,759 1,758 359 -6,607 -3,933 -4,151 2,327 8,566 12,147 20,139
Tax % 35% 30% 18% 36% 24% -58% 21% 25% 27% -22% 39% 31%
1,760 2,146 1,687 1,771 1,347 573 -5,212 -2,922 -3,121 2,863 5,265 8,512 13,281
EPS in Rs 32.18 36.14 26.59 27.69 19.73 8.33 -44.61 -16.58 -9.12 4.47 7.70 12.45 18.61
Dividend Payout % 25% 22% 15% 22% 10% 0% 0% 0% 0% 0% 25% 24%
Compounded Sales Growth
10 Years: 12%
5 Years: 20%
3 Years: 29%
TTM: 26%
Compounded Profit Growth
10 Years: 15%
5 Years: 29%
3 Years: 68%
TTM: 83%
Stock Price CAGR
10 Years: 2%
5 Years: 13%
3 Years: 57%
1 Year: 103%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 9%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 551 597 630 636 687 687 1,169 1,763 3,423 6,407 6,835 6,835
Reserves 14,117 16,722 18,004 19,263 22,361 23,406 24,083 25,073 30,567 58,331 64,026 71,969
Preference Capital 111 111 111 0 0 0 0 0 0 0 0 0
240,686 287,478 326,967 352,618 374,754 418,420 455,969 460,780 505,150 977,576 1,085,613 1,163,059
7,671 8,114 9,411 11,048 9,562 13,167 9,900 10,964 16,369 40,063 37,292 46,495
Total Liabilities 263,025 312,912 355,013 383,566 407,365 455,681 491,120 498,581 555,509 1,082,377 1,193,766 1,288,357
2,339 2,483 2,621 2,690 3,939 3,896 3,824 3,743 4,734 7,303 7,171 8,826
CWIP 9 13 2 4 13 21 34 44 54 63 37 22
Investments 63,104 81,808 94,636 85,818 90,573 113,441 125,485 128,391 154,251 339,059 351,839 343,727
197,573 228,608 257,753 295,053 312,840 338,322 361,777 366,402 396,470 735,952 834,718 935,782
Total Assets 263,025 312,912 355,013 383,566 407,365 455,681 491,120 498,581 555,509 1,082,377 1,193,766 1,288,357

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3,824 -4,245 2,570 -3,567 81 -6,624 6,097 -7,778 -77 20,527 36,339 6,111
-235 -343 -363 -318 -9 -280 -315 -297 -4 -601 -558 -2,561
-370 5,096 4,902 3,168 -2 10,194 10,792 1,758 201 -18,861 -786 -10,654
Net Cash Flow -4,429 507 7,109 -718 70 3,289 16,574 -6,317 121 1,066 34,995 -7,104

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 13% 13% 9% 9% 6% 2% -21% -11% -10% 6% 8% 11%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
83.49% 83.49% 83.49% 83.49% 83.49% 83.49% 83.49% 83.49% 83.49% 76.99% 76.99% 74.76%
1.67% 1.49% 1.19% 1.18% 1.13% 1.43% 1.62% 1.66% 1.46% 2.89% 3.97% 6.00%
6.84% 6.72% 7.02% 7.05% 6.90% 7.05% 8.39% 8.27% 7.88% 12.69% 12.28% 12.59%
7.99% 8.29% 8.30% 8.27% 8.47% 8.02% 6.49% 6.57% 7.17% 7.42% 6.76% 6.63%
No. of Shareholders 6,83,0426,90,8097,39,1437,61,8097,98,2147,81,5547,80,2087,83,5507,75,7738,65,2518,74,3099,17,901

* 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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