Union Bank of India
UNIONBANK NSE
Union Bank of India
Financial Services F&ONSE: UNIONBANK BSE: 532477 Banks
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]
AI Verdict: BUY Confidence: 6%
Union Bank of India trades at an attractive PE of 6.9x and 1.05x book value with strong 5-year profit CAGR of 47%. While low sales growth of 9% and massive contingent liabilities of Rs.6,06,539 Cr warrant caution, the valuation provides adequate margin of safety for patient investors.
Key Fundamentals
LargecapPublic Sector BankBanksMarket Cap
1.3L Cr
Volatility
Moderate
P/E Ratio
6.86
EBITDA
₹25,488 Cr
Return on Equity
14.05%
Debt to Equity
0
Book Value
₹165.67
EPS
₹18.56
52W High
₹205.49
52W Low
₹124.64
Technical Indicators
Key Insights
Strengths
3- Stock is trading at 1.00 times its book value
- Company has delivered good profit growth of 46.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.9%
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.03% over past five years.
- Contingent liabilities of Rs.6,97,277 Cr.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
0.19% ↘
Net Income Growth
4.80% ↘
Cash Flow Change
-12.29% ↘
ROE
-10.67% ↘
ROCE
-3.27% ↘
EBITDA Margin (Avg.)
1.45% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoBUY
Risk high
Union Bank of India trades at an attractive PE of 6.9x and 1.05x book value with strong 5-year profit CAGR of 47%. While low sales growth of 9% and massive contingent liabilities of Rs.6,06,539 Cr warrant caution, the valuation provides adequate margin of safety for patient investors.
Bull Case 8
- Stock trades at PE of 6.9x, significantly below PSU bank average of 10-12x, indicating deep value
- Price-to-book ratio of 1.05x means stock is available near book value, limiting downside risk
- Compounded profit growth of 47% CAGR over 5 years reflects strong earnings recovery
- ROE of 16% over last year and 3-year average demonstrates improved capital efficiency for a PSU bank
- Dividend yield of 2.84% with healthy payout ratio of 19.9% provides income support
- Stock CAGR of 34% over 5 years shows sustained re-rating by the market
- 57% of analysts have a buy rating with 8 out of 14 total ratings recommending purchase
- 3-year compounded sales growth of 10% shows improving revenue trajectory versus longer-term average
Bear Case 8
- Contingent liabilities of Rs.6,06,539 Cr are alarmingly high relative to market cap of Rs.1,34,023 Cr — over 4.5x market cap
- TTM sales growth has turned negative at -1%, signaling potential revenue pressure ahead
- Low interest coverage ratio indicates vulnerability to asset quality deterioration or rate shocks
- 5-year sales CAGR of only 9.03% is poor for a bank operating in a growing economy
- 10-year stock CAGR of just 3% reveals prolonged periods of value destruction for long-term holders
- Possible capitalization of interest costs raises concerns about reported profit quality
- 14.29% of analysts recommend selling, reflecting meaningful skepticism among coverage analysts
- 10-year ROE average of only 9% highlights structural profitability challenges inherent in PSU banking model
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Headwinds 1
- RBI penalty for chest deficiencies Jun 10
RBI imposed a ₹1.28 lakh penalty on Union Bank of India for currency chest deficiencies. The bank stated the financial impact is not significant.
Positives 1
- BRSR filed for FY 2025-26 Jun 18
Union Bank submitted its Business Responsibility and Sustainability Report for FY 2025-26, detailing ESG initiatives, workforce data, financial metrics, and sustainability commitments.
Neutral 2
- July 3 record date for dividend Jun 15
Union Bank fixed July 3 as the record date for FY26 dividend entitlement. The 24th AGM will be held via video conferencing on July 10.
- ₹850 crore bond call option exercised May 30
Union Bank exercised the call option on bond ISIN INE692A08144 carrying a 7.19% coupon rate, to be redeemed on June 24, 2026.
TL;DR: Union Bank of India is largely in steady-state mode with routine corporate actions like dividend record dates and bond redemptions. The minor ₹1.28 lakh RBI penalty poses no material risk. Proactive BRSR filing signals continued focus on ESG compliance and governance. Overall trend is stable with no significant catalysts in either direction.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22,163 | 23,613 | 24,732 | 25,521 | 26,510 | 26,527 | 26,887 | 26,720 | 27,869 | 27,475 | 26,205 | 26,819 | 26,676 |
| Expenses | 10,041 | 7,978 | 7,962 | 8,012 | 9,365 | 9,367 | 8,686 | 8,096 | 9,673 | 8,844 | 9,056 | 7,994 | 8,744 |
| Financing Profit | -1,688 | 971 | 1,271 | 1,273 | 179 | 156 | 480 | 1,274 | -49 | 400 | -98 | 1,455 | 927 |
| Fin. Margin % | -8% | 4% | 5% | 5% | 1% | 1% | 2% | 5% | 0% | 1% | 0% | 5% | 3% |
| Other Income | 5,601 | 4,209 | 4,221 | 4,281 | 5,102 | 4,799 | 5,926 | 4,614 | 6,223 | 4,869 | 5,550 | 5,183 | 5,999 |
| Interest | 13,810 | 14,664 | 15,498 | 16,236 | 16,966 | 17,004 | 17,720 | 17,350 | 18,245 | 18,231 | 17,247 | 17,370 | 17,005 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 3,912 | 5,180 | 5,492 | 5,554 | 5,281 | 4,954 | 6,406 | 5,889 | 6,175 | 5,269 | 5,453 | 6,638 | 6,926 |
| Tax % | 28% | 37% | 35% | 35% | 37% | 27% | 26% | 22% | 19% | 21% | 21% | 24% | 23% |
| Net Profit | 2,812 | 3,272 | 3,572 | 3,625 | 3,328 | 3,642 | 4,751 | 4,623 | 5,011 | 4,428 | 4,426 | 5,073 | 5,504 |
| EPS in Rs | 4.11 | 4.79 | 4.82 | 4.89 | 4.36 | 4.77 | 6.22 | 6.06 | 6.56 | 5.8 | 5.8 | 6.65 | 7.21 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32,164 | 32,316 | 32,817 | 32,952 | 34,314 | 37,479 | 69,311 | 68,230 | 81,163 | 1,00,376 | 1,06,600 | 1,06,799 |
| Expenses | 9,498 | 10,349 | 13,871 | 21,181 | 19,019 | 21,166 | 36,270 | 32,264 | 36,155 | 32,422 | 34,738 | 33,434 |
| Financing Profit | -973 | -1,928 | -4,830 | -11,700 | -8,601 | -9,523 | -11,071 | -4,213 | -3,024 | 4,590 | 2,946 | 3,888 |
| Fin. Margin % | -3% | -6% | -15% | -36% | -25% | -25% | -16% | -6% | -4% | 5% | 3% | 4% |
| Other Income | 3,957 | 3,934 | 5,430 | 5,462 | 5,042 | 5,789 | 14,307 | 13,524 | 15,915 | 17,813 | 21,562 | 21,601 |
| Interest | 23,640 | 23,894 | 23,776 | 23,471 | 23,896 | 25,837 | 44,112 | 40,178 | 48,033 | 63,364 | 68,916 | 69,477 |
| Depreciation | 225 | 249 | 241 | 368 | 374 | 417 | 908 | 745 | 745 | 896 | 1,084 | 1,204 |
| PBT | 2,759 | 1,758 | 359 | -6,607 | -3,933 | -4,151 | 2,327 | 8,566 | 12,147 | 21,507 | 23,424 | 24,284 |
| Tax % | 36% | 24% | -58% | -21% | -25% | -27% | -22% | 39% | 31% | 36% | 23% | 23% |
| Net Profit | 1,771 | 1,347 | 573 | -5,212 | -2,922 | -3,121 | 2,863 | 5,265 | 8,512 | 13,797 | 18,027 | 19,430 |
| EPS in Rs | 27.69 | 19.73 | 8.33 | -44.61 | -16.58 | -9.12 | 4.47 | 7.7 | 12.45 | 18.07 | 23.62 | 25.45 |
| Div. Payout % | 22% | 10% | 0% | 0% | 0% | 0% | 0% | 25% | 24% | 20% | 20% | 20% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 636 | 687 | 687 | 1,169 | 1,763 | 3,423 | 6,407 | 6,835 | 6,835 | 7,634 | 7,634 | 7,634 |
| Reserves | 19,263 | 22,361 | 23,406 | 24,083 | 25,073 | 30,567 | 58,331 | 64,026 | 71,969 | 89,964 | 1,06,200 | 1,25,918 |
| Borrowing | 26,628 | 30,637 | 41,226 | 45,680 | 43,276 | 52,714 | 51,922 | 51,245 | 42,737 | 26,974 | 64,992 | 77,798 |
| Deposits | 3,25,990 | 3,44,118 | 3,77,195 | 4,10,288 | 4,17,505 | 4,52,436 | 9,25,654 | 10,34,368 | 11,20,322 | 12,24,593 | 12,74,789 | 13,09,759 |
| Other Liabilities | 11,048 | 9,562 | 13,167 | 9,900 | 10,964 | 16,369 | 40,063 | 37,292 | 46,495 | 52,831 | 57,714 | 66,395 |
| Total Liabilities | 3,83,566 | 4,07,365 | 4,55,681 | 4,91,120 | 4,98,581 | 5,55,509 | 10,82,377 | 11,93,766 | 12,88,357 | 14,01,996 | 15,11,329 | 15,87,503 |
| Fixed Assets | 2,690 | 3,939 | 3,896 | 3,824 | 3,743 | 4,734 | 7,303 | 7,171 | 8,826 | 9,224 | 9,765 | 11,596 |
| CWIP | 4 | 13 | 21 | 34 | 44 | 54 | 63 | 37 | 22 | 36 | 59 | 64 |
| Investments | 85,818 | 90,573 | 1,13,441 | 1,25,485 | 1,28,391 | 1,54,251 | 3,39,059 | 3,51,839 | 3,43,727 | 3,43,953 | 3,61,903 | 3,43,623 |
| Other Assets | 2,95,053 | 3,12,840 | 3,38,322 | 3,61,777 | 3,66,402 | 3,96,470 | 7,35,952 | 8,34,718 | 9,35,782 | 10,48,783 | 11,39,602 | 12,32,220 |
| Total Assets | 3,83,566 | 4,07,365 | 4,55,681 | 4,91,120 | 4,98,581 | 5,55,509 | 10,82,377 | 11,93,766 | 12,88,357 | 14,01,996 | 15,11,329 | 15,87,503 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -3,567 | 81 | -6,624 | 6,097 | -7,778 | -7,681 | 20,527 | 36,339 | 6,056 | 19,930 | 17,479 | -35,798 |
| Investing | -318 | -9 | -280 | -315 | -297 | -377 | -601 | -558 | -2,561 | -1,394 | -1,891 | -7,075 |
| Financing | 3,168 | -2 | 10,194 | 10,792 | 1,758 | 20,144 | -18,861 | -786 | -10,654 | -11,489 | -3,550 | 7,729 |
| Net Cash Flow | -718 | 70 | 3,289 | 16,574 | -6,317 | 12,086 | 1,066 | 34,995 | -7,159 | 7,047 | 12,038 | -35,145 |
| Free Cash Flow | -3,909 | 72 | -6,911 | 5,782 | -8,076 | -8,058 | 19,926 | 35,897 | 3,673 | 18,624 | 15,832 | -38,831 |
| CFO/OP | -13 | 0 | -27 | 74 | -45 | -55 | 63 | 103 | 21 | 34 | 25 | -48 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 9% | 6% | 2% | -21% | -11% | -10% | 6% | 8% | 11% | 16% | 17% | 16% |
Documents
1
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
30 Apr - Union Bank clarifies media report on deposit variations, citing unverified source and no material impact. 30 Apr - Union Bank clarifies media report on deposit variations, citing unverified source and no material impact.
2
Intimation Of Record Dates
30 Apr - Union Bank of India announced record dates for interest/redemption on multiple bond series through March 2027. 30 Apr - Union Bank of India announced record dates for interest/redemption on multiple bond series through March 2027.
3
Disclosure Regarding Centralized Database For Corporate Bonds/ Debentures As On 31.03.2026
30 Apr - Annual disclosure of non-convertible securities as on 31 March 2026; ratings reaffirmed and payments timely. 30 Apr - Annual disclosure of non-convertible securities as on 31 March 2026; ratings reaffirmed and payments timely.
4
Disclosures Pertaining To Analysts/Investors Meet/Call - Schedule
7 May - Union Bank of India to meet Aditya Birla Sun Life AMC on 12 May 2026 in Mumbai. 7 May - Union Bank of India to meet Aditya Birla Sun Life AMC on 12 May 2026 in Mumbai.
5
Union Bank Of India Has Informed The Exchange About Notice Of The 24Th Annual General Meeting Of The Bank. 17 Jun 2026
General_Announcements
Frequently Asked Questions about Union Bank of India
What does Union Bank of India do?
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]
Where is Union Bank of India (UNIONBANK) listed?
Union Bank of India is listed on the Indian stock exchanges. It is listed on NSE: UNIONBANK and BSE: 532477. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Union Bank of India belong to?
Union Bank of India 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 Union Bank of India?
Union Bank of India has a market capitalisation of approximately ₹133778.94 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Union Bank of India?
The Price-to-Earnings (PE) ratio of Union Bank of India is 6.86. 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 Union Bank of India?
Over the past 52 weeks, Union Bank of India has traded between a low of ₹124.64 and a high of ₹205.49. This range helps investors understand the stock's price volatility and recent trading levels.
Does Union Bank of India pay dividends?
Yes, Union Bank of India has a dividend yield of 2.86%. 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 Union Bank of India?
Union Bank of India has a Return on Equity (ROE) of 14.05%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Union Bank of India on Tapetide?
On Tapetide, you can view Union Bank of India'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
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]
Website unionbankofindia.co.in
CEO Mr. S. Ramasubramanian
Employees 73,945
Listed 2002-09-24
Face Value ₹ 10
Issued Size 7,63,36,05,607