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Union Bank Of India

•
unionbankofindia.co.inBSE: 532477NSE: UNIONBANK
Market Cap₹ 1,35,878 Cr.
Current Price
High / Low₹ 205 / 132
Stock P/E6.8
Book Value₹ 165
Price to Book1.04
Dividend Yield2.81 %
ROCE14.8 %
ROE16.6 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking Operations-Retail Banking: 37.1% • Corporate / Wholesale Banking: 35.4% • Treasury: 24.0%

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 45.1% CAGR over last 5 years
  • Comfortable capital adequacy - CAR of 18.1%
  • Solid return on assets for a lender - ROA of 1.2%
  • Strong provisioning - provision coverage ratio of 95.0%
  • Latest quarter profit grew 29.6% YoY, showing strong momentum

CONS

  • A large part of profit comes from other income (80.4% of PBT)
  • Equity base is being diluted - shares outstanding up 11.7%
  • Operating margins have contracted to 27.0% from 31.5%
  • Thin net interest margin of 2.5%
  • Growth is decelerating - 3Y profit CAGR (30.4%) trails the 5Y trend (45.1%)

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

Peer comparison

Financial ServicesBankBank - Public
Part ofNIFTY BANKNIFTY NEXT 50NIFTY ALPHA 50NIFTY DIV OPPS 50NIFTYLARGEMIDCAP250
S.No.Name
1.SBIN997.0010.68920292.571.7424579.0413.65136240.498.3612.1652.34
2.UNIONBANK178.006.58135878.182.815368.1729.7727427.101.2114.5769.42
3.PNB116.656.07134065.182.575339.15191.4033589.173.1213.2675.40
4.BANKBARODA237.806.77122974.993.571572.59-53.0835114.526.8411.2033.10
5.INDIANB852.908.99114882.562.143299.4848.7318095.1411.1116.2867.14
6.CANBK123.905.66112385.373.394864.0861.9632957.164.5514.4668.47
7.MAHABANK84.178.5964739.822.612020.5426.838034.6513.9016.5368.61
8.IOB33.1310.7163797.080.001659.2449.258777.5718.8211.3154.56
9.BANKINDIA139.805.4063646.303.333138.4677.9220096.908.8310.9773.18
10.UCOBANK23.9812.1830069.861.83652.4324.096744.5915.1011.0054.71
11.CENTRALBK30.756.1027833.063.901328.955.439725.9012.798.2767.83
12.PSB22.7811.6816163.741.71331.5123.163213.3710.409.0771.38
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
23,47824,58725,36326,35026,36426,70826,54427,19426,91926,65026,44326,43927,203
Interest Expended14,63815,46116,19516,91316,95217,66117,30317,68017,80717,83817,11517,03317,166
Net Interest Income8,8409,1269,1689,4379,4129,0479,2409,5149,1138,8129,3289,40610,037
3,9033,6953,7744,7074,5095,3284,4175,5594,4864,9964,5415,4124,603
Total Income000031,32532,81231,74934,09232,34432,21532,00232,67531,806
Operating Expenses5,5645,6005,6657,6116,1366,2636,1657,3736,6906,9946,9276,8636,638
Operating Profit7,1797,2217,2786,5337,7858,1137,4927,7006,9096,8146,9427,9558,003
Provisions & Contingencies2,0051,7681,7481,2602,7561,7121,5991,5441,6651,3973221,055979
Profit before Tax5,1745,4535,5305,2735,0306,4015,8936,1565,2445,4176,6196,9007,023
Tax %37.45%35.61%35.08%37.22%26.85%26.26%21.88%19.03%21.52%21.56%24.21%22.96%24.08%
Net Profit3,2363,5113,5903,3113,6794,7204,6044,9854,1164,2495,0175,3165,332
EPS5554566756771

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
000000099,7781,05,9091,05,992—
Interest Expended23,75723,44323,85225,79444,07940,15747,97863,20868,69569,33369,152
Net Interest Income-23,757-23,443-23,852-25,794-44,079-40,157-47,97836,57037,21436,659—
4,9654,9904,4745,26111,74412,52514,63316,08019,81319,43519,552
Total Income00000001,15,8581,25,7221,25,4271,28,698
000000024,44025,93727,474—
Operating Profit-23,757-23,443-23,852-25,794-44,079-40,157-47,97828,21131,09028,619—
7,24414,10410,81510,16615,89013,24413,3046,7807,6114,438—
Profit before Tax342-6,641-3,927-4,0282,3998,57912,13821,43023,47924,18125,960
Tax %0.00%-0.00%-0.00%-0.00%0.00%0.00%0.00%36.31%23.39%22.68%23.29%
Net Profit555-5,247-2,947-2,8982,9065,2328,43313,64817,98718,69719,914
EPS8-69-25-125812182424—

COMPOUNDED SALES GROWTH

10 Years:
13%
5 Years:
9%
3 Years:
9%

COMPOUNDED PROFIT GROWTH

10 Years:
30%
5 Years:
45%
3 Years:
30%

STOCK PRICE CAGR

10 Years:
2%
5 Years:
39%
3 Years:
27%
1 Year:
33%

RETURN ON EQUITY

10 Years:
3%
5 Years:
14%
3 Years:
17%
Last Year:
17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Jul 3

₹ 0.50

Rs.5.0000 per share(50%)Dividend

2025

Jul 25

₹ 0.47

Rs.4.7500 per share(47.5%)Final Dividend

2024

Jul 19

₹ 0.36

Rs.3.6000 per share(36%)Final Dividend

2023

Jul 28

₹ 0.30

Rs.3.0000 per share(30%)Final Dividend

2022

Jun 22

₹ 0.19

Rs.1.9000 per share(19%)Final Dividend

2016

Jun 17

Rs.1.9500 per share(19.5%)Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
LIABILITIES----------
Equity Capital6871,1691,7633,4236,4076,8356,8357,6347,6347,634
22,74823,92824,72430,36358,07063,74171,49989,3351,05,3421,20,941
3,75,8994,08,5024,15,9154,50,6689,23,80510,32,39311,17,71612,21,52812,72,24713,06,891
41,22645,68142,86452,48651,83751,17943,13726,94864,84477,190
Other Liabilities & Provisions11,6038,1018,77313,74331,58733,44341,56446,51249,78956,698
Total Liabilities4,52,7044,87,3804,94,0395,50,68310,71,70611,87,59112,80,752139150157
ASSETS----------
16,52021,01620,79620,11837,88046,11350,25452,89889,50366,473
Balances with Banks & Money at Call16,30228,42522,25034,98846,53073,38861,89666,40541,33529,232
1,12,1491,23,7541,26,0471,52,4143,31,5123,48,5073,39,2993,37,9043,54,3813,30,236
2,86,4672,88,7612,96,9323,15,0495,90,9836,61,0057,61,8458,70,7769,53,51310,53,277
3,8733,8003,7194,7097,2827,1558,8059,1889,72411,545
17,37221,59124,25223,35157,45751,38758,63254,75251,34178,528
Total Assets4,52,7044,87,3804,94,0395,50,68310,71,70611,87,59112,80,752139150157

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
-5,8046,170-7,246-7,54220,44336,2145,98420,329-20,562-39,426
Cash from Investing-523-343-363-726-583-357-2,408-1,261-1,600-2,976
Cash from Financing9,87310,7921,21420,328-18,676-767-10,926-11,91633,6977,269
3,54616,619-6,39512,0601,18435,090-7,3507,15211,535-35,134

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
PER SHARE
EPS (₹)8.08-44.90-16.72-8.474.547.6612.3417.8823.5624.49
Book Value (₹)305.17194.72137.5689.4392.9996.30105.64119.63138.75157.20
Dividend per Share (₹)0.000.000.000.000.001.903.003.604.755.00
PROFITABILITY
Net Interest Margin %0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.75%2.59%2.48%
ROA %0.13%-1.12%-0.60%-0.55%0.36%0.46%0.68%1.02%1.24%1.22%
ROE %2.69%-24.00%-12.54%-10.56%6.44%8.34%12.22%16.69%18.24%16.55%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%46.42%45.48%48.98%
ASSET QUALITY
Gross NPA %0.00%0.00%0.00%0.00%0.00%0.00%8.45%0.00%0.00%3.52%
Net NPA %0.00%0.00%0.00%0.00%0.00%0.00%2.64%0.00%0.00%0.62%
Provision Coverage %0.00%0.00%0.00%0.00%0.00%0.00%86.61%0.00%94.61%95.03%
Slippage Ratio %——————————
BALANCE SHEET & LIQUIDITY
CASA %0.00%0.00%0.00%0.00%0.00%0.00%0.00%33.58%33.51%35.20%
Credit-Deposit Ratio %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.05%0.06%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%16.97%18.02%18.10%
GROWTH & VALUATION
Net Profit Growth %-58.92%-1045.11%43.83%1.69%200.28%80.05%61.18%61.84%31.79%3.95%
Book Value Growth %0.00%0.00%0.00%0.00%0.00%0.00%0.00%13.25%15.98%13.30%
P/E (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x8.58x5.36x6.70x
P/B (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x1.28x0.91x1.04x
0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.35%3.76%3.05%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.7674.7674.7674.7674.7674.7674.7674.7674.76
7.376.896.467.127.707.868.149.378.63
11.3811.2211.9411.6311.9311.7011.9111.5111.97
Government0.000.000.000.000.000.000.000.000.00
Public6.507.126.856.495.615.675.204.364.63

Documents

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

2026-09-11
General Updates

2026-09-11 - Union Bank of India has informed the Exchange about General Updates

2026-09-09
General Updates

2026-09-09 - Union Bank of India has informed the Exchange about Intimation of Strike

2026-09-01
Change in Management

2026-09-01 - Union Bank of India has informed the Exchange about change in Senior Management of the Bank.

2026-08-28
Updates

2026-08-28 - Union Bank of India has informed the Exchange regarding 'Disclosures under SEBI (LODR) Regulations, 2015'.

2026-08-27
Credit Rating- New

2026-08-27 - Union Bank of India has informed the Exchange about Credit Rating- New

2026-08-27
Credit Rating- New

2026-08-27 - Union Bank of India has informed the Exchange about Credit Rating- New

2026-08-25
Updates

2026-08-25 - Union Bank of India has informed the Exchange regarding 'Disclosure under SEBI LODR Regulation 2015'.

2026-08-21
Credit Rating- New

2026-08-21 - Union Bank of India has informed the Exchange about Credit Rating- New

2026-08-21
Credit Rating- New

2026-08-21 - Union Bank of India has informed the Exchange about Credit Rating- New

News

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