Union Bank of India
UNIONBANK NSE
Union Bank of India
Financial Services F&ONSE: UNIONBANK BSE: 532477 Banks
Key Fundamentals
LargecapPublic Sector BankBanksMarket Cap
1.3L Cr
P/E (TTM)
6.4
EBITDA
₹25,488 Cr
Return on Equity
14.06%
Debt to Equity
0
Book Value
₹173.63
EPS (TTM)
₹27.05
52W High
₹205.49
52W Low
₹135.80
Price-based figures as of 9 Oct 2026, 3:55 pm IST · EPS basis: Consolidated · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Stock is trading at 0.95 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% lower than
3Y
Net Income Growth
4.8% lower than
3Y
Cash Flow Change
-75.59% higher than
3Y
EBITDA Margin (Avg.)
1.45% lower than
3Y
AI Analysis — Bull vs Bear
Figures as of 5 Oct 2026
AI opinion · based on fundamentals
Risk medium
As of the 2026-10-05 close, Union Bank of India traded at ₹167.97, giving a market cap of ₹1,28,221.67 Cr, a trailing P/E of 6.21 and a P/B of 0.97. Profit has compounded at 47% over 5 years and 32% over 3 years, and ROE stands at 14.06%. Momentum has slowed, though: TTM sales fell 1%, TTM profit growth eased to 10%, and the stock sits about 18% below its 52-week high of ₹205.49.
Bull Case 8
- The stock trades at a P/E of 6.21 on TTM EPS of ₹27.05, which implies an earnings yield of about 16.1% at the 2026-10-05 price of ₹167.97.
- P/B is 0.97, so the market values the bank slightly below its book value (implied book value per share is roughly ₹173) while it earns a 14.06% ROE.
- Profit has compounded at 47% over 5 years and 32% over 3 years, well ahead of sales growth of 9% and 10% over the same periods. This points to falling credit costs and better operating efficiency.
- ROE has improved structurally. It averaged 9% over 10 years but 14% over 5 years and 16% over 3 years, and was 16% last year.
- The dividend yield is 2.98% with a payout ratio of 19.9%. That leaves about 80% of earnings retained to fund growth and capital adequacy.
- Shareholder returns have been strong: stock CAGR of 36% over 5 years, 17% over 3 years and 22% over the last year.
- Over 10 years, sales have compounded at 13%, which shows balance-sheet scale built partly through the 2020 amalgamation.
- At ₹167.97 the stock is about 24% above its 52-week low of ₹135.30, which suggests the market has steadily re-rated it upward from its lows.
Bear Case 8
- Top-line momentum has stalled. TTM sales growth is -1%, compared with 10% over 3 years and 9% over 5 years, which may signal pressure on loan growth or yields.
- Profit growth is decelerating sharply: from a 47% CAGR over 5 years to 32% over 3 years and 10% TTM. This suggests the boost from lower credit costs is fading.
- ROE has dipped to 14.06%, from 16% last year and a 16% 3-year average, so returns may already have peaked for this cycle.
- Contingent liabilities total ₹6,97,277 Cr, about 5.4 times the ₹1,28,221.67 Cr market cap. These are largely guarantees and derivative or forex exposures typical of a bank, but they are a large off-balance-sheet position.
- Over 10 years the stock has compounded at just 1%, despite a 30% profit CAGR. This reflects past equity dilution and value erosion during the asset-quality cycle.
- At ₹167.97 the stock is about 18.3% below its 52-week high of ₹205.49, which shows recent loss of momentum and sensitivity to sentiment.
- ROCE is low at 5.91% and interest coverage is flagged as low. Both are partly structural for a leveraged lender, but they leave little room if funding costs rise.
- The dividend payout of 19.9% is modest, so the 2.98% yield depends on earnings holding up rather than on a high payout policy.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
5h ago
Positives 1
- Q2FY27 advances grow 18.53% YoY Oct 1
Union Bank of India's Q2FY27 business update showed gross advances up 18.53% YoY and CASA deposits up 14.66%. The CD ratio rose to 84.34%, so more of the deposit base is now lent out.
Neutral 1
- ₹16,083 crore debt outstanding Oct 7
Union Bank disclosed ₹16,083 crore of debt securities outstanding as of September 30, 2026, including perpetual bonds and long-term notes. Coupons go up to 8.93%.
TL;DR: Union Bank posted strong Q2FY27 numbers, with advances up 18.53% YoY and CASA deposits up 14.66%, which suggests steady lending momentum and a good funding mix. The main thing to watch is the CD ratio of 84.34%: if loans keep growing faster than deposits, liquidity could get tighter and funding costs could rise, especially since some of its outstanding debt carries coupons as high as 8.93%. Overall the trend is improving, but the bank needs to keep growing deposits fast enough to support this loan growth. The full Q2FY27 results on margins and asset quality will show whether this growth is translating into sustainable earnings.
Quarterly Results
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Union Bank of India insights
94 extracted metrics + investor summaries across FY11–FY28.
Documents
1
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.
2
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.
3
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.
4
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.
5
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.
5
Union Bank Of India Inform The Exchange About Provisional Financial Figures For Qtr 30.09.2026 1 Oct 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 trades as UNIONBANK on the NSE and under code 532477 on the BSE.
Which sector does Union Bank of India belong to?
Union Bank of India is classified under the Financial Services sector, in the Banks industry.
What is the market capitalisation of Union Bank of India?
Union Bank of India has a market capitalisation of ₹1,32,107 Cr as of 9 Oct 2026, which places it in the Large Cap band.
What is the PE ratio of Union Bank of India?
Union Bank of India trades at a PE ratio of 6.40 as of 9 Oct 2026, on earnings per share of ₹27.05, against a book value of ₹173.63 per share.
What is the 52-week high and low of Union Bank of India?
Over the last 52 weeks Union Bank of India has traded between ₹135.8 and ₹205.49 as of 9 Oct 2026.
Does Union Bank of India pay dividends?
Union Bank of India has a dividend yield of 2.92%.
What is the Return on Equity (ROE) of Union Bank of India?
Union Bank of India reported a return on equity of 14.06%. Its debt-to-equity ratio is 0.00.
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
Shares Outstanding 7,63,36,05,607
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