Ujjivan Small Finance Bank Ltd.

•

ujjivansfb.bank.inBSE: 542904NSE: UJJIVANSFB

Market Cap₹ 12,772 Cr.

Current Price

High / Low₹ 74 / 44

Stock P/E14.1

Book Value₹ 36

Price to Book1.46

Dividend Yield0.00 %

ROCE11.5 %

ROE10.9 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Retail Banking: 85.5% • Treasury: 11.6% • Corporate/Wholesale Banking: 2.8%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 142.3% CAGR over last 5 years
Comfortable capital adequacy - CAR of 21.1%
Strong return ratios for a lender: 3Y avg ROE 19.0%, ROA 2.1%
Solid return on assets for a lender - ROA of 1.3%
Latest quarter profit grew 206.7% YoY, showing strong momentum
Strong provisioning - provision coverage ratio of 85.0%

CONS

A large part of profit comes from other income (121.6% of PBT)
Operating margins have contracted to 24.7% from 35.7%
Valuation is stretched - P/E of 14.1 is well above its own 5-year median (9.2)
Growth is decelerating - 3Y profit CAGR (-14.3%) trails the 5Y trend (142.3%)
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	HDFCBANK	708.00	13.81	1091323.88	2.19	203826.90	1092.64	905753.30	936.66	12.81	35.64
2.	ICICIBANK	1379.15	17.65	989980.04	0.87	16209.74	12.62	52240.85	6.44	16.51	32.39
3.	KOTAKBANK	418.70	20.52	416508.36	0.16	5487.06	23.89	18354.57	6.41	12.05	19.05
4.	AXISBANK	1247.50	13.98	388399.91	0.08	7656.51	22.31	35541.96	9.87	11.04	63.88
5.	IDBI	83.44	9.63	89718.04	0.00	2130.57	5.27	7549.28	7.44	14.76	76.80
6.	FEDERALBNK	344.40	18.18	85149.33	0.35	1297.61	37.06	7861.58	9.94	10.98	66.11
7.	AUBANK	1058.00	43.57	79454.72	0.09	795.95	37.03	5302.74	21.11	14.17	56.24
8.	INDUSINDBK	977.80	57.61	76184.77	0.15	1037.02	71.68	11309.94	-7.78	4.97	55.07
9.	IDFCFIRSTB	86.20	32.24	74319.14	0.29	1147.82	153.12	11051.09	14.61	5.42	38.45
10.	YESBANK	23.47	19.52	73668.68	0.00	1071.81	32.53	8054.49	5.92	8.04	58.47
11.	RBLBANK	412.80	71.21	64022.78	0.24	2342.30	993.41	38402.40	1015.97	6.49	40.95
12.	UJJIVANSFB	65.46	14.10	12771.61	0.00	3165.40	2966.65	20249.20	1150.85	11.51	49.50

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	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
Interest Expended	494	568	611	595	636	669	704	709	763	761	751	785	838
Net Interest Income	793	823	860	934	941	944	887	864	856	922	1,000	1,093	1,187
	177	189	185	236	197	207	172	270	249	256	295	307	256
Total Income	0	0	0	0	0	0	0	0	0	0	0	2,185	2,281
Operating Expenses	512	529	587	651	629	690	700	774	744	783	856	885	895
Operating Profit	458	483	457	519	510	461	359	360	360	395	440	515	548
Provisions & Contingencies	26	47	63	79	110	151	223	264	225	235	195	144	127
Profit before Tax	432	436	394	440	400	310	136	95	136	160	244	371	421
Tax %	24.95%	24.91%	23.92%	25.01%	24.67%	24.90%	20.35%	12.46%	23.85%	24.06%	24.03%	23.95%	24.77%
Net Profit	324	328	300	330	301	233	109	83	103	122	186	282	317
EPS	2	2	2	2	2	1	1	0	1	1	1	1	0

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	5,677	6,354	6,931	—
Interest Expended	109	609	725	1,070	1,078	1,039	1,467	2,268	2,718	3,060	3,135
Net Interest Income	-109	-609	-725	-1,070	-1,078	-1,039	-1,467	3,409	3,636	3,871	—
	9	113	206	322	302	360	589	787	846	1,108	1,115
Total Income	0	0	0	0	0	0	0	6,464	7,201	8,039	4,466
	0	0	0	0	0	0	0	2,279	2,793	3,268	—
Operating Profit	-109	-609	-725	-1,070	-1,078	-1,039	-1,467	1,917	1,689	1,710	—
	0	0	0	0	0	0	18	215	748	799	—
Profit before Tax	1	9	268	466	10	-550	1,467	1,702	942	911	1,196
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	0.00%	24.71%	22.88%	23.97%	24.27%
Net Profit	0	7	199	350	8	-415	1,100	1,281	726	693	906
EPS	0	0	0	0	0	-2	6	25	4	4	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 20%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 142%
3 Years:: -14%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 26%
3 Years:: 11%
1 Year:: 39%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 15%
3 Years:: 19%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-
	1,440	1,440	1,728	1,728	1,728	1,955	519	1,935	1,943
	7	180	1,238	1,247	832	2,003	3,610	4,059	4,772
	3,772	7,379	10,780	13,136	18,292	25,538	31,462	37,630	45,668
	3,853	4,166	3,953	3,247	1,764	2,641	2,171	2,845	3,736
Other Liabilities & Provisions	201	377	490	779	754	929	1,176	1,130	1,321
Total Liabilities	9,473	13,742	18,411	20,380	23,612	33,317	4	5	6
ASSETS	-	-	-	-	-	-	-	-	-
	198	446	1,225	1,712	1,690	2,305	2,518	3,133	3,110
Balances with Banks & Money at Call	297	648	118	866	486	178	18	36	334
	1,232	1,527	2,396	2,516	4,153	8,510	9,766	11,730	12,724
	7,335	10,552	14,044	14,494	16,303	21,290	26,883	31,390	39,761
	194	282	280	276	244	265	395	444	457
	212	284	328	512	731	750	810	942	1,120
Total Assets	9,473	13,742	18,411	20,380	23,612	33,317	4	5	6

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-7,084	2,326	478	242	2,657	2,554	1,060	1,593	2,028	1,843
Cash from Investing	-161	-101	-148	-757	-1,356	-841	-2,096	-865	-1,793	-2,481
Cash from Financing	7,931	-2,439	287	776	-706	-1,484	1,186	-519	398	911
	687	-213	617	261	595	230	151	210	633	274

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	0.00	0.05	1.20	1.95	0.05	-2.40	5.51	24.70	3.75	3.57
Book Value (₹)	10.00	10.05	11.25	17.16	17.21	14.81	20.25	79.59	30.98	34.57
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	1.25	1.50	0.00	0.00
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.70%	7.86%	6.92%
ROA %	0.00%	0.14%	1.72%	2.18%	0.04%	-1.88%	3.86%	3.48%	1.65%	1.32%
ROE %	0.00%	0.48%	12.99%	15.26%	0.28%	-14.98%	33.75%	31.70%	14.35%	10.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.31%	62.31%	65.65%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.26%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.43%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	83.66%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.70%	25.56%	28.60%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.08%	0.08%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GROWTH & VALUATION
Net Profit Growth %	0.00%	0.00%	2802.94%	75.65%	-97.63%	-5096.93%	365.30%	16.51%	-43.34%	-4.61%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	293.07%	-61.08%	11.59%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.79x	9.17x	14.17x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.56x	1.11x	1.46x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.39%	0.00%	0.00%

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.68	20.62	17.87	19.51	19.55	17.05	15.45	17.23	16.81
	7.33	6.50	6.58	8.47	16.82	20.13	28.67	31.12	33.45
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	67.99	72.87	75.55	72.02	63.62	62.82	55.87	51.64	49.74

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - Ujjivan Small Finance Bank Limited has informed the Exchange about Schedule of meet

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Ujjivan Small Finance Bank Limited has informed the Exchange about Schedule of investor meetings

2026-09-06

Allotment of Securities

2026-09-06 - Ujjivan Small Finance Bank Limited has informed the Exchange regarding allotment of 2515773 securities pursuant to ESOP/ESPS

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Ujjivan Small Finance Bank Limited has informed the Exchange about Schedule of meet

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Ujjivan Small Finance Bank Limited has informed the Exchange about Transcript

2026-09-02

General Updates

2026-09-02 - Ujjivan Small Finance Bank Limited has informed the Exchange about ESG Rating received from NSE Sustainability Ratings and Analytics Limited

2026-09-01

General Updates

2026-09-01 - Ujjivan Small Finance Bank Limited has informed the Exchange about RBI Approval for appointment of Interim CEO

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - Ujjivan Small Finance Bank Limited has informed the Exchange about Link of Recording

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - Ujjivan Small Finance Bank Limited has informed the Exchange about Schedule of Call

News

Recent coverage and analyst commentary for UJJIVANSFB

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Free 5nance Account

Name

HDFCBANK

708.00

13.81

1091323.88

2.19

203826.90

1092.64

905753.30

936.66

12.81

35.64

ICICIBANK

1379.15

17.65

989980.04

0.87

16209.74

12.62

52240.85

6.44

16.51

32.39

KOTAKBANK

418.70

20.52

416508.36

0.16

5487.06

23.89

18354.57

6.41

12.05

19.05

AXISBANK

1247.50

13.98

388399.91

0.08

7656.51

22.31

35541.96

9.87

11.04

63.88

IDBI

83.44

9.63

89718.04

0.00

2130.57

5.27

7549.28

7.44

14.76

76.80

FEDERALBNK

344.40

18.18

85149.33

0.35

1297.61

37.06

7861.58

9.94

10.98

66.11

AUBANK

1058.00

43.57

79454.72

0.09

795.95

37.03

5302.74

21.11

14.17

56.24

INDUSINDBK

977.80

57.61

76184.77

0.15

1037.02

71.68

11309.94

-7.78

4.97

55.07

IDFCFIRSTB

86.20

32.24

74319.14

0.29

1147.82

153.12

11051.09

14.61

5.42

38.45

YESBANK

23.47

19.52

73668.68

0.00

1071.81

32.53

8054.49

5.92

8.04

58.47

RBLBANK

412.80

71.21

64022.78

0.24

2342.30

993.41

38402.40

1015.97

6.49

40.95

UJJIVANSFB

65.46

14.10

12771.61

0.00

3165.40

2966.65

20249.20

1150.85

11.51

49.50

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

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

Interest Expended

494

568

611

595

636

669

704

709

763

761

751

785

838

Net Interest Income

793

823

860

934

941

944

887

864

856

922

1,000

1,093

1,187

177

189

185

236

197

207

172

270

249

256

295

307

256

Total Income

2,185

2,281

Operating Expenses

512

529

587

651

629

690

700

774

744

783

856

885

895

Operating Profit

458

483

457

519

510

461

359

360

395

440

515

548

Provisions & Contingencies

110

151

223

264

225

235

195

144

127

Profit before Tax

432

436

394

440

400

310

136

160

244

371

421

Tax %

24.95%

24.91%

23.92%

25.01%

24.67%

24.90%

20.35%

12.46%

23.85%

24.06%

24.03%

23.95%

24.77%

Net Profit

324

328

300

330

301

233

109

103

122

186

282

317

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,677

6,354

6,931

—

Interest Expended

109

609

725

1,070

1,078

1,039

1,467

2,268

2,718

3,060

3,135

Net Interest Income

-109

-609

-725

-1,070

-1,078

-1,039

-1,467

3,409

3,636

3,871

—

113

206

322

302

360

589

787

846

1,108

1,115

Total Income

6,464

7,201

8,039

4,466

2,279

2,793

3,268

—

Operating Profit

-109

-609

-725

-1,070

-1,078

-1,039

-1,467

1,917

1,689

1,710

—

215

748

799

—

Profit before Tax

268

466

-550

1,467

1,702

942

911

1,196

Tax %

0.00%

-0.00%

0.00%

24.71%

22.88%

23.97%

24.27%

Net Profit

199

350

-415

1,100

1,281

726

693

906

EPS

-2

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

1,440

1,728

1,955

519

1,935

1,943

180

1,238

1,247

832

2,003

3,610

4,059

4,772

3,772

7,379

10,780

13,136

18,292

25,538

31,462

37,630

45,668

3,853

4,166

3,953

3,247

1,764

2,641

2,171

2,845

3,736

Other Liabilities & Provisions

201

377

490

779

754

929

1,176

1,130

1,321

Total Liabilities

9,473

13,742

18,411

20,380

23,612

33,317

ASSETS

198

446

1,225

1,712

1,690

2,305

2,518

3,133

3,110

Balances with Banks & Money at Call

297

648

118

866

486

178

334

1,232

1,527

2,396

2,516

4,153

8,510

9,766

11,730

12,724

7,335

10,552

14,044

14,494

16,303

21,290

26,883

31,390

39,761

194

282

280

276

244

265

395

444

457

212

284

328

512

731

750

810

942

1,120

Total Assets

9,473

13,742

18,411

20,380

23,612

33,317

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-7,084

2,326

478

242

2,657

2,554

1,060

1,593

2,028

1,843

Cash from Investing

-161

-101

-148

-757

-1,356

-841

-2,096

-865

-1,793

-2,481

Cash from Financing

7,931

-2,439

287

776

-706

-1,484

1,186

-519

398

911

687

-213

617

261

595

230

151

210

633

274

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

0.00

0.05

1.20

1.95

0.05

-2.40

5.51

24.70

3.75

3.57

Book Value (₹)

10.00

10.05

11.25

17.16

17.21

14.81

20.25

79.59

30.98

34.57

Dividend per Share (₹)

0.00

1.25

1.50

0.00

PROFITABILITY

Net Interest Margin %

0.00%

8.70%

7.86%

6.92%

ROA %

0.00%

0.14%

1.72%

2.18%

0.04%

-1.88%

3.86%

3.48%

1.65%

1.32%

ROE %

0.00%

0.48%

12.99%

15.26%

0.28%

-14.98%

33.75%

31.70%

14.35%

10.90%

0.00%

54.31%

62.31%

65.65%

ASSET QUALITY

Gross NPA %

0.00%

2.26%

Net NPA %

0.00%

0.43%

Provision Coverage %

0.00%

83.66%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

26.70%

25.56%

28.60%

Credit-Deposit Ratio %

0.00%

0.07%

0.08%

0.00%

GROWTH & VALUATION

Net Profit Growth %

0.00%

2802.94%

75.65%

-97.63%

-5096.93%

365.30%

16.51%

-43.34%

-4.61%

Book Value Growth %

0.00%

293.07%

-61.08%

11.59%

P/E (x)

0.00x

1.79x

9.17x

14.17x

P/B (x)

0.00x

0.56x

1.11x

1.46x

0.00%

3.39%

0.00%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

24.68

20.62

17.87

19.51

19.55

17.05

15.45

17.23

16.81

7.33

6.50

6.58

8.47

16.82

20.13

28.67

31.12

33.45

Government

0.00

67.99

72.87

75.55

72.02

63.62

62.82

55.87

51.64

49.74

Ujjivan Small Finance Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

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Ujjivan Small Finance Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI