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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ujjivan Financial Services Ltd

About the Company - Ujjivan Financial Services Ltd

Ujjivan Financial Services Ltd. is a Public Limited Listed company incorporated on 28/12/2004 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L65999KA2004PLC035329 and registration number is 035329. Currently Company is involved in the business activities of Activities of holding companies. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 121.68 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsGrape Garden, No. 27, Bengaluru Karnataka 560095compliance@ujjivanfin.com
http://www.ujjivan.com
Management
NamePosition Held
Mr. Samit GhoshChairman & Non-Exe.Director
Mr. Anand NarayanNon Executive Director
Ms. Mona KachhwahaInd. Non-Executive Director
Mr. Sunil Vinayak PatelInd. Non-Executive Director
Mr. K R RamamoorthyInd. Non-Executive Director
Mr. Renzo Christopher ViegasInd. Non-Executive Director

Ujjivan Financial Services Ltd. Share Price Update

Share PriceValue
Today₹565.05
Previous Day₹568.05

Basic Stock Data of Ujjivan Financial Services Ltd

Market Cap 6,560 Cr.
Current Price 539
High / Low615/233
Stock P/E8.00
Book Value 299
Dividend Yield0.92 %
ROCE10.3 %
ROE32.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Ujjivan Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
AD Manum Finance Ltd 55.8 Cr. 74.497.5/40.014.4 85.80.00 %11.2 %8.15 % 10.0
360 ONE WAM Ltd 25,788 Cr. 719745/39536.0 91.12.39 %13.4 %21.4 % 1.00
Muthoot Capital Services Ltd 525 Cr. 319460/2366.02 3590.00 %15.2 %17.5 % 10.0
Onelife Capital Advisors Ltd 26.6 Cr. 20.023.9/10.8 60.90.00 %1.01 %2.98 % 10.0
Mask Investments Ltd 27.4 Cr. 89.694.6/40.2144 4240.00 %0.12 %0.07 % 10.0
Industry Average131.96 Cr244.440.08204.160.48%8.19%10.02%8.2

Ujjivan Financial Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7727177007367088501,0081,0401,1441,2311,3751,4961,576
Expenses1,156281564521677409327285365516510530600
Operating Profit-38543613721532441680754779716865966976
OPM %-50%61%20%29%4%52%68%73%68%58%63%65%62%
Other Income201636-4244150605097816259
Interest262275266262261282313337391453499572617
Depreciation36624040383839404342394249
Profit before tax-663114-133-91-243163380437396318408414370
Tax %26%26%25%25%25%27%22%28%25%27%27%25%24%
Net Profit-49184-99-68-182119295315298232298309281
EPS in Rs-33.605.76-6.80-4.66-12.438.1320.2321.1218.1213.7418.0718.5517.08

Ujjivan Financial Services Ltd Quarterly Chart

Ujjivan Financial Services Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3931,5161,9572,8643,0722,9954,5565,678
Expenses5218571,0221,2732,2092,1701,4922,155
Operating Profit8726599351,5918638253,0643,523
OPM %63%43%48%56%28%28%67%62%
Other Income5285710510997122299
Interest5436027271,1151,1211,0711,4932,141
Depreciation134161166170155163172
Profit before tax32245204416-319-3041,5311,509
Tax %35%42%26%28%25%24%26%
Net Profit20826150299-239-2301,1401,120
EPS in Rs17.402.1512.4223.21-16.34-15.7573.2067.44
Dividend Payout %5%23%10%3%0%0%7%

Ujjivan Financial Services Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-87.50%476.92%99.33%-179.93%3.77%595.65%
Change in YoY Net Profit Growth (%)0.00%564.42%-377.59%-279.27%183.70%591.89%

Ujjivan Financial Services Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:25%
3 Years:17%
TTM:40%
Compounded Profit Growth
10 Years:%
5 Years:103%
3 Years:47%
TTM:0%
Stock Price CAGR
10 Years:%
5 Years:14%
3 Years:32%
1 Year:108%
Return on Equity
10 Years:%
5 Years:8%
3 Years:6%
Last Year:32%

Ujjivan Financial Services Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital119121121122122122122122
Reserves1,6361,6111,7572,7182,3912,2013,1023,515
Borrowings6,3927,62511,84215,20416,79921,07330,77634,774
Other Liabilities3311653066688951,0271,4871,918
Total Liabilities8,4799,52214,02618,71120,20724,42335,48640,329
Fixed Assets137194282799718666684760
CWIP34221561831
Investments1,4471,2441,5482,4292,5524,2158,60411,037
Other Assets6,8928,08012,19415,46216,93219,53626,18128,502
Total Assets8,4799,52214,02618,71120,20724,42335,48640,329

Ujjivan Financial Services Ltd Reserves and Borrowings Chart

Abans Holdings Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -5832,190-3,248-2,4641,6122,8262,073
Cash from Investing Activity -1,559113-448-1,087-215-1,785-4,554
Cash from Financing Activity 2,409-2,4414,1983,812-803-8192,640
Net Cash Flow267-137503261594222159

Ujjivan Financial Services Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,122000000
Inventory Days
Days Payable
Cash Conversion Cycle1,122000000
Working Capital Days162-39-40-31-38-58-21
ROCE %7%8%10%4%4%10%

Ujjivan Financial Services Ltd Financial Efficiency Indicators Chart

Ujjivan Financial Services Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs23.61%22.94%26.17%26.65%28.22%30.71%30.65%31.91%31.15%40.48%36.47%34.98%
DIIs19.32%18.19%13.74%12.69%12.43%10.67%1.27%1.09%2.13%3.86%6.03%7.44%
Public57.07%58.87%60.09%60.66%59.35%58.62%68.10%66.98%66.71%55.64%57.50%57.58%
No. of Shareholders1,05,0401,10,8181,19,6851,20,5431,14,9951,05,91694,69084,83583,66680,74381,70196,170

Ujjivan Financial Services Ltd Shareholding Pattern Chart

No. of Ujjivan Financial Services Ltd Shareholders

Ujjivan Financial Services Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Sundaram Services Fund12447122.270.92
Sundaram Small Cap Fund12190752.2769.46
Sundaram Financial Services Opportunities Fund8404774.1947.89
Sundaram Financial Services Opportunities Fund - Institutional Plan8404774.1947.89
Mahindra Manulife Small Cap Fund8232941.3446.91
Sundaram Long Term Micro Cap Tax Advantage Fund - Series III219591.51.25
Groww ELSS Tax Saver Fund173862.290.99
Sundaram Long Term Micro Cap Tax Advantage Fund - Series VI108681.490.62
Sundaram Long Term Micro Cap Tax Advantage Fund - Series IV106541.520.61
Sundaram Long Term Tax Advantage Fund - Series III97291.490.55

Ujjivan Financial Services Ltd ROCE Trend

Ujjivan Financial Services Ltd EPS Trend

Ujjivan Financial Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)73.20-15.76-16.3423.2512.43
Diluted EPS (Rs.)73.20-15.76-16.3423.212.38
Cash EPS (Rs.)107.09-6.20-5.6938.2117.42
Book Value[Excl.RevalReserv]/Share (Rs.)348.64223.73242.51260.74154.97
Book Value[Incl.RevalReserv]/Share (Rs.)348.64223.73242.51260.74154.97
Revenue From Operations / Share (Rs.)363.36246.15252.02235.17160.46
PBDIT / Share (Rs.)261.8975.7979.86139.5481.85
PBIT / Share (Rs.)248.5263.0465.89125.8976.85
PBT / Share (Rs.)125.81-24.98-26.2534.2016.84
Net Profit / Share (Rs.)93.71-18.94-19.6524.5612.42
NP After MI And SOA / Share (Rs.)73.20-15.75-16.3423.2112.42
PBDIT Margin (%)72.0730.7831.6859.3351.00
PBIT Margin (%)68.3925.6126.1453.5247.89
PBT Margin (%)34.62-10.14-10.4114.5410.49
Net Profit Margin (%)25.79-7.69-7.7910.447.73
NP After MI And SOA Margin (%)20.14-6.40-6.489.877.73
Return on Networth / Equity (%)27.63-8.25-7.479.948.01
Return on Capital Employeed (%)10.043.654.9811.009.96
Return On Assets (%)2.51-0.78-0.981.501.07
Long Term Debt / Equity (X)7.967.814.913.753.95
Total Debt / Equity (X)9.398.866.135.146.31
Asset Turnover Ratio (%)0.010.000.000.000.00
Current Ratio (X)6.396.714.623.692.91
Quick Ratio (X)6.396.714.623.692.91
Dividend Payout Ratio (NP) (%)6.500.00-4.891.9310.86
Dividend Payout Ratio (CP) (%)5.490.00-33.711.217.74
Earning Retention Ratio (%)93.500.00104.8998.0789.14
Cash Earning Retention Ratio (%)94.510.00133.7198.7992.26
Interest Coverage Ratio (X)2.130.860.861.521.36
Interest Coverage Ratio (Post Tax) (X)1.760.780.781.271.21
Enterprise Value (Cr.)31933.3420025.6316530.6815401.3914960.93
EV / Net Operating Revenue (X)7.226.695.395.397.69
EV / EBITDA (X)10.0221.7217.029.0815.09
MarketCap / Net Operating Revenue (X)0.700.410.830.632.17
Retention Ratios (%)93.490.00104.8998.0689.13
Price / BV (X)0.960.530.960.632.25
Price / Net Operating Revenue (X)0.700.410.830.632.17
EarningsYield0.28-0.15-0.070.150.03

Ujjivan Financial Services Ltd Profitability Ratios (%)

Ujjivan Financial Services Ltd Liquidity Ratios

Ujjivan Financial Services Ltd Liquidity Ratios (%)

Ujjivan Financial Services Ltd Interest Coverage Ratios (X)

Ujjivan Financial Services Ltd Valuation Ratios

Fair Value / Intrinsic Value of Ujjivan Financial Services Ltd

Fair Value: ₹774.90

The stock is undervalued by 43.77% compared to the current price ₹539

*Investments are subject to market risks

Strength and Weakness of Ujjivan Financial Services Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -9.29, which is a positive sign.
  2. The company has shown consistent growth in sales (2.38 cr) and profit (45.75 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 116.04 and average Dividend Yield of 44.31%.
  2. The stock has a low average ROCE of 6.14%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 0.14, which may not be favorable.
  4. The company has higher borrowings (18,060.63) compared to reserves (2,366.38), which may suggest financial risk.

Should I Buy Abans Holdings Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Ujjivan Financial Services Ltd:
    1. Net Profit Margin: 25.79%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.04% (Industry Average ROCE: 16.18%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.76
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 6.39
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 8.18 (Industry average Stock P/E: 10.73)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 9.39
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ujjivan Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE