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Union Bank of India

UNIONBANK NSE

Key Fundamentals

LargecapPublic Sector BankBanks
Market Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
6.93
EBITDA
₹25,488 Cr
Return on Equity
14.06%
Debt to Equity
0
Book Value
₹173.63
EPS
₹18.56
52W High
₹205.49
52W Low
₹124.64

Insights

Beta

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

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62 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3
  • Stock is trading at 1.02 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
-75.59% ↘
ROE
-10.67% ↘
ROCE
-3.27% ↘
EBITDA Margin (Avg.)
1.45% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
AI opinion · based on fundamentals
Risk high

Union Bank of India is a mid-large cap PSU bank trading at a PE of 6.9x and 1.07x book value with a market cap of Rs.1,43,397 Cr. The bank has delivered strong profit CAGR of 47% over 5 years but faces headwinds from slowing revenue growth (TTM sales growth at -1%) and massive contingent liabilities of Rs.6,97,277 Cr.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 47%, indicating a strong earnings recovery cycle from prior stressed asset issues
  • Attractive valuation at PE of 6.9x, significantly below broader market multiples and offering margin of safety
  • Trading near book value at 1.07x P/B, indicating limited downside from asset-based valuation perspective
  • Healthy ROE of 16% in the last year, demonstrating improved capital efficiency and profitability
  • Consistent 3-year ROE of 16% suggests the profitability improvement is sustainable rather than a one-off
  • Dividend yield of 2.68% with a 19.9% payout ratio provides income to shareholders while retaining capital for growth
  • Stock CAGR of 40% over 5 years reflects strong re-rating driven by improving fundamentals
  • TTM profit growth of 10% shows continued earnings momentum even on a high base after years of strong recovery
Bear Case 8
  • Contingent liabilities of Rs.6,97,277 Cr are nearly 5x the market cap, posing a significant tail risk if even a fraction crystallizes
  • TTM sales growth has turned negative at -1%, indicating potential stagnation in core lending/interest income
  • 5-year compounded sales growth of only 9% is weak for a bank operating in a growing economy
  • Low interest coverage ratio raises concerns about the bank's ability to service its own borrowing obligations under stress
  • 10-year ROE of only 9% reveals a long history of sub-par capital efficiency, with recent improvement yet to prove durability over a full cycle
  • Potential capitalization of interest costs may be flattering reported profitability and understating true operating expenses
  • 10-year stock CAGR of just 4% despite recent rally shows long-term shareholders have barely been rewarded above inflation
  • As a PSU bank, exposure to government-directed lending and potential capital dilution via equity raises remains an ongoing structural risk

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

AI News Digest

Anthropic anthropic claude-opus-4.6 3h ago
Headwinds 1
  • Business growth lags FY27 guidance Jul 21

    Credit growth at 12.50% and deposit growth at just 3.50% both trail the bank's FY27 guidance targets, signaling potential momentum concerns.

Positives 3
  • Q1FY27 profit surges 29.5% YoY Jul 21

    Standalone net profit rose 29.5% YoY to ₹5,332 crore in Q1FY27, with consolidated profit at ₹5,642 crore. NIM improved to 2.76% and GNPA declined to 2.65%.

  • Foreign currency debt fundraise planned Jul 27

    Board met on July 30 to consider raising funds via a Medium Term Note Programme for Foreign Currency Debt Issue, potentially diversifying funding sources.

  • Active institutional investor engagement Aug 6

    Bank scheduled one-to-one meetings with HDFC AMC, Millennium Capital, and Nippon Life India AMC between Aug 6-11, indicating strong institutional interest.

Neutral 2
  • ₹1,000 Cr bond call option exercised Aug 5

    Union Bank exercises call option on Series XX bonds worth ₹1,000 crore, with redemption payment scheduled for September 15, 2026 and record date of August 31.

  • ₹17.82 Cr block trade on NSE Jul 21

    Approximately 10.07 lakh shares traded in a block deal at ₹177.00 per share, totaling ₹17.82 crore, indicating institutional-level participation.

TL;DR: Union Bank of India delivered strong Q1FY27 earnings with 29.5% profit growth, improving NIM, and declining NPAs — core fundamentals are solid. The key risk is that credit and deposit growth are lagging the bank's own FY27 targets. Active institutional engagement and planned foreign currency fundraising suggest confidence in the bank's trajectory. If business growth catches up to guidance in coming quarters, the stock's re-rating thesis remains intact.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
23,613
24,732
25,521
26,510
26,527
26,887
26,720
27,869
27,099
26,205
26,819
26,676
27,427
Expenses
7,978
7,962
8,012
9,365
9,367
8,686
8,096
9,673
8,844
9,056
7,994
8,744
8,388
Financing Profit
971
1,271
1,273
179
156
480
1,274
-49
400
-98
1,455
927
1,834
Fin. Margin %
4%
5%
5%
1%
1%
2%
5%
0%
1%
0%
5%
3%
7%
Other Income
4,209
4,221
4,281
5,102
4,799
5,926
4,614
6,223
4,869
5,550
5,183
5,999
5,233
Interest
14,664
15,498
16,236
16,966
17,004
17,720
17,350
18,245
17,855
17,247
17,370
17,005
17,206
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
5,180
5,492
5,554
5,281
4,954
6,406
5,889
6,175
5,269
5,453
6,638
6,926
7,067
Tax %
37%
35%
35%
37%
27%
26%
22%
19%
21%
21%
24%
23%
24%
Net Profit
3,272
3,572
3,625
3,328
3,642
4,751
4,623
5,011
4,428
4,426
5,073
5,504
5,642
EPS in Rs
4.79
4.82
4.89
4.36
4.77
6.22
6.06
6.56
5.8
5.8
6.65
7.21
7.39
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1,07,127
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
34,181
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
4,118
Fin. Margin %
-3%
-6%
-15%
-36%
-25%
-25%
-16%
-6%
-4%
5%
3%
4%
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
21,965
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
68,828
Depreciation
225
249
241
368
374
417
908
745
745
896
1,084
1,204
0
PBT
2,759
1,758
359
-6,607
-3,933
-4,151
2,327
8,566
12,147
21,507
23,424
24,284
26,083
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
20,644
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
27.05
Div. Payout %
22%
10%
0%
0%
0%
0%
0%
25%
24%
20%
20%
20%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-3,567
81
-6,624
6,097
-7,778
-7,681
20,527
36,339
6,056
19,930
-204
-358
Investing
-318
-9
-280
-315
-297
-377
-601
-558
-2,561
-1,394
-19
-71
Financing
3,168
-2
10,194
10,792
1,758
20,144
-18,861
-786
-10,654
-11,489
338
77
Net Cash Flow
-718
70
3,289
16,574
-6,317
12,086
1,066
34,995
-7,159
7,047
115
-351
Free Cash Flow
-3,909
72
-6,911
5,782
-8,076
-8,058
19,926
35,897
3,673
18,624
-220
-388
CFO/OP
-13
0
-27
74
-45
-55
63
103
21
34
0
0
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
9%
6%
2%
-21%
-11%
-10%
6%
8%
11%
16%
17%
16%

Shareholding Pattern

As of Jun 2026
Promoters 74.76%
DIIs 11.98%
FIIs 8.63%
Public 4.11%
Others 0.53%
Total 100.01%
  Mar 2021May 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Aug 2023Sep 2023Dec 2023Feb 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
89.07%
83.49%
83.49%
83.49%
83.49%
83.49%
83.49%
83.49%
83.49%
83.49%
83.49%
76.99%
76.99%
76.99%
74.76%
74.76%
74.76%
74.76%
74.76%
74.76%
74.76%
74.76%
74.76%
74.76%
74.76%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.88%
0.00%
0.00%
6.76%
7.37%
6.89%
6.46%
7.11%
7.70%
7.86%
8.14%
9.37%
8.63%
DIIs
4.37%
8.18%
6.83%
1.65%
7.01%
7.04%
6.90%
7.05%
8.38%
8.28%
7.88%
13.30%
12.70%
12.13%
12.24%
12.25%
11.38%
11.23%
11.94%
11.64%
11.94%
11.71%
11.90%
11.51%
11.98%
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%
0.00%
0.00%
Public
5.55%
5.12%
6.65%
7.03%
7.17%
7.44%
7.72%
7.34%
6.03%
6.10%
6.49%
5.53%
6.59%
6.00%
5.74%
5.56%
5.83%
6.46%
6.22%
5.83%
5.02%
5.17%
4.73%
3.89%
4.11%
Others
1.01%
3.21%
3.03%
7.82%
2.33%
2.03%
1.88%
2.12%
2.09%
2.13%
2.13%
4.18%
0.84%
4.89%
7.26%
0.68%
0.66%
0.66%
0.63%
0.66%
0.58%
0.50%
0.47%
0.47%
0.53%
No. of Shareholders
6,31,887
6,25,405
6,83,042
6,90,809
7,39,143
7,61,809
7,98,214
7,81,554
7,80,208
7,83,550
7,75,773
7,72,539
8,65,251
8,74,309
9,17,901
9,14,940
9,84,229
10,19,060
10,22,300
10,41,210
9,61,173
9,55,839
9,20,603
9,07,910
9,15,787

Documents

1
Concall - Nov 2017 Nov 2017
2
Concall - Nov 2019 Nov 2019
3
Concall - Jan 2021 Jan 2021
4
Concall - Jan 2021 Jan 2021
5
Concall - Mar 2021 Mar 2021

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 Banks sector within the Public Sector Bank 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 ₹143397.28 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 6.93. 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 2.68%. 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 14.06%. 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

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