Union Bank of India
Union Bank of India
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY15–FY26.
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
AI Analysis — Bull vs Bear
Union Bank of India trades at a P/E of 6.8x and P/B of 1.06x with a market cap of Rs.1,40,703 Cr. The bank has delivered strong profit CAGR of 47% over 5 years and ROE of 16%, but faces headwinds from slowing revenue growth (TTM sales growth at -1%) and large contingent liabilities of Rs.6,97,277 Cr.
- Attractive valuation at P/E of 6.8x, significantly below banking sector averages
- Strong 5-year compounded profit growth of 47% CAGR indicates sustained earnings improvement
- ROE has improved to 16% last year from a 10-year average of 9%, showing meaningful profitability turnaround
- Trading near book value at P/B of 1.06x, offering limited downside from asset value perspective
- Dividend yield of 2.71% with consistent payout ratio of 19.9% provides income support
- Stock CAGR of 41% over 5 years reflects market recognition of the turnaround story
- 3-year compounded profit growth of 32% demonstrates consistency beyond a single-year spike
- 10-year compounded sales growth of 13% shows the bank has scaled its loan book over longer periods
- Contingent liabilities of Rs.6,97,277 Cr are nearly 5x the market cap, posing significant tail risk
- TTM sales growth of -1% indicates revenue contraction in the most recent period
- Low interest coverage ratio suggests vulnerability to rate or credit cycle shifts
- 5-year sales CAGR of only 9% is weak for a bank of this size in a growing economy
- Possible capitalization of interest cost raises questions about reported asset quality and earnings transparency
- 10-year stock CAGR of just 3% shows the turnaround has only recently begun to reward long-term holders
- As a public sector bank, government ownership may limit strategic flexibility and capital allocation efficiency
- ROE of 16% while improved may not sustain if credit costs normalize or loan growth slows
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- RBI penalty for currency violations Aug 18
Union Bank fined ₹3.09 lakh by RBI for currency note violations. Disclosed under SEBI LODR regulations on August 18, 2026.
- Q1FY27 profit surges 29% YoY Aug 21
Net profit rose 29% YoY to $563mn in Q1FY27 with record operating profit. RoA expanded to 1.36% and GNPA improved to 2.65%.
- $600M dual tranche notes issued Aug 24
Issued US$600M senior unsecured notes due 2029 and 2031 via DIFC branch, listed on NSE IFSC for general corporate purposes.
- ₹1,000 Cr bond call option exercised Aug 5
Series XX bonds worth ₹1,000 Cr to be redeemed on September 15, 2026, with record date August 31, 2026.
- Board considers foreign debt issuance Jul 27
Board met July 30, 2026 to consider raising funds via Medium Term Note Programme for foreign currency debt.
- Multiple investor meets scheduled Aug 6
One-to-one meetings held with HDFC AMC, Millennium Capital (DIFC), and Nippon Life India AMC between August 6-11, 2026 at Mumbai office.
TL;DR: Union Bank delivered a strong Q1FY27 with 29% profit growth, improving RoA to 1.36% and declining GNPA at 2.65%, signalling healthy fundamentals. The RBI fine is negligible at ₹3.09 lakh and poses no material risk. Active capital market activity with $600M notes and bond redemptions reflects proactive liability management. The trend is clearly improving on profitability and asset quality metrics.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
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 | -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 |
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
Frequently Asked Questions about Union Bank of India
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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]