Ujjivan Small Finance Bank Ltd logo

Ujjivan Small Finance Bank Ltd

UJJIVANSFB NSE

Key Fundamentals

MicrocapSmall Finance BankBanks
Market Cap
₹13,879 Cr
Volatility
Moderate
P/E Ratio
15.25
EBITDA
₹1,056 Cr
Return on Equity
10.16%
Debt to Equity
0
Book Value
₹34.51
EPS
₹6.51
52W High
₹73.94
52W Low
₹41.95

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Technical Indicators

Key Insights

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.1,115 Cr.
  • Dividend payout has been low at 2.02% of profits over last 3 years

Growth Rate

Revenue Growth
11.64%
Net Income Growth
-4.61%
Cash Flow Change
-9.12%
ROE
-14.91%
ROCE
-10.04%
EBITDA Margin (Avg.)
-2.85%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 8d ago
AI opinion · based on fundamentals
Risk high

Ujjivan Small Finance Bank is a small finance bank with a market cap of ~₹14,128 Cr trading at a P/E of 15.3x and P/B of 2.06x. FY25 net profit declined 43% YoY to ₹726 Cr due to elevated credit costs, but Q4 FY26 profit surged 238% to ₹282 Cr as asset quality stabilized. The bank is actively diversifying toward secured lending (now 44% of loans) while growing deposits at 21.4% YoY to ₹45,668 Cr in FY26.

Bull Case 8
  • Strong deposit growth of 21.4% YoY in FY26 to ₹45,668 Cr with CASA ratio improving to 28.6% from 25.6% in FY25, indicating strengthening liability franchise
  • Secured loan book grew 56% YoY to ₹13,988 Cr, now constituting 44% of total loans vs 30% in FY24, reducing portfolio concentration risk
  • Q4 FY26 net profit surged 238% YoY to ₹282 Cr on improved asset quality and stronger collections, signaling earnings recovery
  • Net NPA improved to 0.43% from 0.49% YoY as of Q4 FY26, with 3-year average net NPA at 0.4%, demonstrating strong provisioning discipline
  • Cost of funds declined to 7.3% in Q2 FY26 from 7.6% in Q1 FY26, supporting margin improvement as interest rate cycle turns
  • Compounded sales growth of 19% over 3 years and 20% over 5 years reflects consistent top-line expansion in the high-yield microfinance and MSME segments
  • FY26 disbursements reached ₹32,576 Cr, growing 38.9% YoY with record quarterly disbursement of ₹9,811 Cr in Q4 FY26, indicating strong demand recovery
  • Stock CAGR of 24% over 5 years and 74% over 1 year reflects re-rating driven by earnings normalization expectations
Bear Case 8
  • FY26 full-year net profit declined 5% to ₹693 Cr from ₹726 Cr in FY25, which itself was down 43% YoY, indicating sustained earnings pressure over two years
  • Gross NPA rose marginally to 2.26% from 2.18% YoY in Q4 FY26, and GNPA had spiked to 2.68% in Dec 2024, highlighting ongoing stress in the microfinance segment
  • Earnings include other income of ₹1,115 Cr, raising questions about sustainability of core operating profitability
  • ROE has declined from 16% (3-year average) to 11% in the last year, with FY25 ROE at 12.4% and ROA at 1.6%, below the bank's own historical peaks
  • Low interest coverage ratio indicates vulnerability to credit cost spikes, especially given the bank's exposure to unsecured microfinance borrowers
  • Dividend payout has been just 2.02% of profits over the last 3 years despite repeated profitability, limiting shareholder returns on a 2.11% yield
  • Credit costs increased 56.1% YoY to ₹235 Cr in Q2 FY26, showing that asset quality stress in microfinance persists and provisioning remains elevated
  • NIM compressed to 8.8% in FY25, down 25 bps from March 2024, as competitive pressures and deposit cost inflation squeeze spreads

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 4d ago
Neutral 3
  • Investor meets scheduled Aug 2026 Aug 17

    Ujjivan SFB scheduled meetings with Nomura, Citadel, and other investors from Aug 19 to 24, 2026, with no UPSI disclosure planned.

  • Virtual meet with Kotak AMC Jul 28

    Virtual investor and analyst meeting with Kotak Mahindra AMC scheduled for July 31, 2026 at 11:00 AM IST to discuss business updates.

  • Q1FY27 results filed Jul 24

    Ujjivan SFB published unaudited financial results for the quarter ended June 30, 2026 on NSE and BSE.

TL;DR: Recent news flow for Ujjivan SFB is entirely procedural, consisting of routine investor meeting schedules and quarterly filing disclosures. There are no identifiable headwinds or positive catalysts from these updates. The active investor engagement calendar (Nomura, Citadel, Kotak AMC) suggests sustained institutional interest, but without disclosed financials or operational commentary, the near-term narrative remains data-light pending Q1FY27 earnings detail.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
1,287
1,391
1,471
1,529
1,577
1,613
1,591
1,573
1,619
1,682
1,752
1,878
2,025
Expenses
538
576
650
730
739
841
923
1,039
969
1,018
1,051
1,029
1,023
Financing Profit
255
248
210
203
203
103
-36
-174
-113
-96
-51
64
165
Fin. Margin %
20%
18%
14%
13%
13%
6%
-2%
-11%
-7%
-6%
-3%
3%
8%
Other Income
177
189
185
236
197
207
172
270
249
256
295
307
256
Interest
494
568
611
595
636
669
704
709
763
761
751
785
838
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
432
436
394
440
400
310
136
95
136
160
244
371
421
Tax %
25%
25%
24%
25%
25%
25%
20%
12%
24%
24%
24%
24%
25%
Net Profit
324
328
300
330
301
233
109
83
103
122
186
282
317
EPS in Rs
1.66
1.68
1.53
1.68
1.56
1.2
0.56
0.43
0.53
0.63
0.96
1.45
1.63
Gross NPA %
2.62%
2.35%
2.18%
2.23%
2.52%
2.52%
2.68%
2.18%
2.52%
2.45%
2.38%
2.26%
2.16%
Net NPA %
0.06%
0.09%
0.17%
0.28%
0.41%
0.56%
0.56%
0.49%
0.7%
0.67%
0.57%
0.43%
0.34%
Figures in ₹ Crores

Profit & Loss

  Mar 2012Mar 2013Mar 2017 9mMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
148
223
217
1,468
1,832
2,704
2,806
2,813
4,165
5,677
6,354
6,931
7,338
Expenses
93
102
111
922
1,053
1,417
1,944
2,603
1,730
2,396
3,406
3,923
4,121
Financing Profit
-3
40
-3
-61
54
217
-215
-830
968
1,014
230
-52
82
Fin. Margin %
-2%
18%
-1%
-4%
3%
8%
-8%
-30%
23%
18%
4%
-1%
1%
Other Income
8
11
9
111
206
322
302
360
589
787
846
1,108
1,115
Interest
59
81
109
607
725
1,070
1,078
1,039
1,467
2,268
2,718
3,060
3,135
Depreciation
2
3
5
41
61
73
77
80
90
98
135
145
0
PBT
2
49
1
9
199
466
10
-550
1,467
1,702
942
911
1,196
Tax %
22%
31%
94%
22%
0%
25%
19%
-25%
25%
25%
23%
24%
Net Profit
2
34
0
7
199
350
8
-415
1,100
1,281
726
693
906
EPS in Rs
0
0.05
1.38
2.02
0.05
-2.4
5.63
6.54
3.75
3.57
4.67
Div. Payout %
0%
48%
0%
0%
0%
0%
0%
0%
22%
6%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
57
66
1,440
1,440
1,440
1,728
1,728
1,728
1,955
519
1,935
1,943
Reserves
185
256
0
7
180
1,260
1,290
874
2,054
5,095
4,148
4,873
Borrowing
617
997
6,491
4,053
4,366
4,153
3,447
1,964
2,841
2,171
2,845
3,736
Deposits
0
0
206
3,773
7,379
10,780
13,136
18,292
25,538
31,462
37,630
45,668
Other Liabilities
38
41
298
201
377
490
779
754
929
1,176
1,130
1,321
Total Liabilities
898
1,360
8,436
9,473
13,742
18,411
20,380
23,612
33,317
40,422
47,689
57,541
Fixed Assets
11
11
137
194
282
280
276
244
265
395
444
457
CWIP
0
0
3
4
2
21
5
6
18
32
13
36
Investments
0
0
1,447
1,232
1,527
2,396
2,516
4,153
8,510
9,766
11,730
12,724
Other Assets
886
1,349
6,849
8,042
11,931
15,715
17,583
19,210
24,524
30,230
35,502
44,324
Total Assets
898
1,360
8,436
9,473
13,742
18,411
20,380
23,612
33,317
40,422
47,689
57,541
Figures in ₹ Crores

Cash Flow

  Mar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-168
-409
-7,084
2,314
478
242
2,657
2,554
1,060
1,593
2,028
1,843
Investing
1
3
-161
-101
-148
-757
-1,356
-841
-2,096
-865
-1,793
-2,481
Financing
269
427
7,931
-2,439
287
776
-706
-1,484
1,186
-519
398
911
Net Cash Flow
102
21
687
-225
617
261
595
230
150
210
633
274
Free Cash Flow
-171
-411
-7,245
2,213
330
153
2,599
2,503
935
1,349
1,863
1,661
CFO/OP
-301
-326
-6,672
430
66
27
332
1,230
55
50
78
72
Figures in ₹ Crores

Ratios

  Mar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
1%
12%
0%
0%
13%
15%
0%
-15%
33%
27%
12%
11%

Shareholding Pattern

As of Jun 2026
Public 37.83%
DIIs 33.45%
FIIs 16.81%
Others 11.91%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
83.32%
83.32%
83.32%
83.32%
83.32%
83.32%
73.68%
73.68%
73.67%
73.67%
73.66%
73.60%
73.52%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.70%
3.49%
26.95%
24.68%
20.63%
17.88%
19.51%
19.56%
17.04%
15.45%
17.23%
16.81%
DIIs
0.04%
0.01%
0.01%
0.01%
0.00%
0.00%
6.66%
8.21%
8.35%
7.08%
2.76%
3.99%
2.32%
7.79%
7.33%
6.50%
6.57%
8.47%
16.83%
20.13%
28.68%
31.13%
33.45%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.11%
9.43%
14.10%
14.69%
14.69%
14.75%
12.23%
13.98%
14.05%
13.29%
16.00%
16.59%
18.61%
50.40%
52.66%
57.96%
60.46%
57.16%
49.41%
48.35%
42.79%
39.25%
37.83%
Others
8.54%
7.24%
2.57%
1.98%
1.99%
1.93%
7.43%
4.13%
3.92%
5.96%
7.58%
2.12%
2.06%
14.86%
15.33%
14.91%
15.08%
14.86%
14.21%
14.47%
13.08%
12.39%
11.91%
No. of Shareholders
1,83,419
1,98,053
2,49,034
2,61,782
2,70,300
2,72,548
2,60,099
2,76,665
2,78,288
2,94,885
4,52,749
5,98,080
6,90,424
7,99,937
9,14,077
10,68,320
11,38,630
11,24,090
9,84,265
9,37,143
8,40,960
7,87,997
7,67,649

Documents

Frequently Asked Questions about Ujjivan Small Finance Bank Ltd

What does Ujjivan Small Finance Bank Ltd do?
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 20...
Where is Ujjivan Small Finance Bank Ltd (UJJIVANSFB) listed?
Ujjivan Small Finance Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: UJJIVANSFB and BSE: 542904. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ujjivan Small Finance Bank Ltd belong to?
Ujjivan Small Finance Bank Ltd operates in the Financial Services sector within the Banks industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ujjivan Small Finance Bank Ltd?
Ujjivan Small Finance Bank Ltd has a market capitalisation of approximately ₹13879.40 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Ujjivan Small Finance Bank Ltd?
The Price-to-Earnings (PE) ratio of Ujjivan Small Finance Bank Ltd is 15.25. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ujjivan Small Finance Bank Ltd?
Over the past 52 weeks, Ujjivan Small Finance Bank Ltd has traded between a low of ₹41.95 and a high of ₹73.94. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ujjivan Small Finance Bank Ltd pay dividends?
Yes, Ujjivan Small Finance Bank Ltd has a dividend yield of 2.08%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ujjivan Small Finance Bank Ltd?
Ujjivan Small Finance Bank Ltd has a Return on Equity (ROE) of 10.16%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ujjivan Small Finance Bank Ltd on Tapetide?
On Tapetide, you can view Ujjivan Small Finance Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

CEO Mr. Sanjeev Nautiyal
Employees 24,374
Listed 2019-12-12
Face Value ₹ 10
Issued Size 1,93,84,63,117

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