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Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Ujjivan Small Finance Bank Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 14, 2024, 8:26 pm

Market Cap 6,575 Cr.
Current Price 34.0
High / Low63.0/33.9
Stock P/E5.65
Book Value 28.7
Dividend Yield4.41 %
ROCE11.1 %
ROE26.7 %
Face Value 10.0
PEG Ratio0.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ujjivan Small Finance Bank Ltd

Competitors of Ujjivan Small Finance Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Fino Payments Bank Ltd 2,956 Cr. 355467/24931.6 77.30.00 %7.07 %14.4 % 10.0
Yes Bank Ltd 60,502 Cr. 19.332.8/19.033.8 14.30.00 %5.83 %3.18 % 2.00
Ujjivan Small Finance Bank Ltd 6,575 Cr. 34.063.0/33.95.65 28.74.41 %11.1 %26.7 % 10.0
South Indian Bank Ltd 5,874 Cr. 22.436.9/22.24.85 33.71.34 %6.19 %13.8 % 1.00
Karnataka Bank Ltd 7,746 Cr. 205287/1925.77 2882.69 %6.24 %13.7 % 10.0
Industry Average162,060.90 Cr411.8914.91197.150.99%7.10%13.93%5.95

All Competitor Stocks of Ujjivan Small Finance Bank Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Revenue6426457088189059931,0821,1851,2871,3911,4711,5291,577
Interest257254254274306330385447494568611595636
Expenses770812603498454415447505538576650730739
Financing Profit-385-421-14946146248250233255248210203203
Financing Margin %-60%-65%-21%6%16%25%23%20%20%18%14%13%13%
Other Income7355104127125147139179177189185236197
Depreciation0000000000000
Profit before tax-312-366-46173271395389412432436394440400
Tax %-25%-25%-26%27%25%25%25%25%25%25%24%25%25%
Net Profit-233-274-34127203294293310324328300330301
EPS in Rs-1.35-1.58-0.200.731.171.511.501.581.661.681.531.681.56
Gross NPA %9.79%11.80%9.79%7.34%6.51%5.06%3.64%2.88%2.62%2.35%2.18%2.23%2.52%
Net NPA %2.68%3.29%1.67%0.61%0.11%0.04%0.05%0.04%0.06%0.09%0.17%0.28%0.41%

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Revenue1482232171,4681,8322,7042,8062,8134,1655,6775,967
Interest59811096077251,0701,0781,0391,4672,2682,409
Expenses931021119221,0531,5331,9442,6031,7302,3962,695
Financing Profit-340-3-6154100-215-8309681,014863
Financing Margin %-2%18%-1%-4%3%4%-8%-30%23%18%14%
Other Income8119111206322302360589787807
Depreciation235416173778090980
Profit before tax2491919935010-5501,4671,7021,670
Tax %22%31%94%22%0%0%19%-25%25%25%
Net Profit234071993508-4151,1001,2811,259
EPS in Rs0.000.051.382.020.05-2.405.636.546.45
Dividend Payout %0%48%0%0%0%0%0%0%22%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)1600.00%2742.86%75.88%-97.71%-5287.50%365.06%16.45%
Change in YoY Net Profit Growth (%)0.00%1142.86%-2666.98%-173.59%-5189.79%5652.56%-348.61%

Ujjivan Small Finance Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2012-2013 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:25%
3 Years:26%
TTM:25%
Compounded Profit Growth
10 Years:%
5 Years:45%
3 Years:424%
TTM:-7%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:19%
1 Year:-41%
Return on Equity
10 Years:%
5 Years:14%
3 Years:18%
Last Year:27%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 2:31 pm

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital57661,4401,4401,4401,7281,7281,7281,955519
Reserves185256071801,2601,2908742,0545,095
Borrowings6179976,6987,82511,74614,93416,58320,25628,37933,633
Other Liabilities38412982013774907797549291,176
Total Liabilities8981,3608,4369,47313,74218,41120,38023,61233,31740,422
Fixed Assets1111137194282280276244265395
CWIP0034221561832
Investments001,4471,2321,5272,3962,5164,1538,5109,766
Other Assets8861,3496,8498,04211,93115,71517,58319,21024,52430,230
Total Assets8981,3608,4369,47313,74218,41120,38023,61233,31740,422

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-168-409-7,0842,3144782422,6572,5541,0601,582
Cash from Investing Activity +13-161-101-148-757-1,356-841-2,096-853
Cash from Financing Activity +2694277,931-2,439287776-706-1,4841,186-519
Net Cash Flow10221687-225617261595230150210

Free Cash Flow

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-524.00-895.00105.00915.00-10.00-13.00-15.00-18.00-27.00-31.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %12%0%13%15%0%-15%33%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters83.32%83.32%83.32%83.32%73.68%73.68%73.67%73.67%73.66%73.60%73.52%0.00%
FIIs0.13%0.11%0.14%0.18%3.25%2.29%1.96%3.90%3.54%3.70%3.48%24.68%
DIIs1.18%0.75%0.66%0.65%9.08%8.21%8.35%7.07%4.21%3.99%2.33%7.33%
Public15.37%15.82%15.88%15.85%13.99%15.83%16.00%15.35%18.59%18.72%20.67%67.99%
No. of Shareholders2,49,0342,61,7822,70,3002,72,5482,63,6292,76,6652,78,2882,94,8854,52,7495,98,0806,90,4249,14,077

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Smaller Companies Fund15,259,4280.7184.46361,6702024-11-134119.16%
Canara Robeco Small Cap Fund9,194,1010.5350.89361,6702024-11-132442.12%
Nippon India Nifty Smallcap 250 Index Fund361,6700.192361,6702024-11-130%
Motilal Oswal Nifty Smallcap 250 Index Fund221,1340.191.22361,6702024-11-13-38.86%
SBI Nifty Smallcap 250 Index Fund183,6910.181.02361,6702024-11-13-49.21%
ICICI Prudential Nifty Smallcap 250 Index Fund83,8700.180.46361,6702024-11-13-76.81%
Motilal Oswal Nifty 500 Index Fund21,9200.020.12361,6702024-11-13-93.94%
Edelweiss Nifty Smallcap 250 Index Fund10,0440.190.06361,6702024-11-13-97.22%
ICICI Prudential S&P BSE 500 ETF5,8700.020.03361,6702024-11-13-98.38%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.655.82-2.400.052.19
Diluted EPS (Rs.)6.545.81-2.400.052.19
Cash EPS (Rs.)7.146.09-1.930.492.44
Book Value[Excl.RevalReserv]/Share (Rs.)29.0620.5115.0617.4717.29
Book Value[Incl.RevalReserv]/Share (Rs.)29.0620.5115.0617.4717.29
Dividend / Share (Rs.)1.501.250.000.000.00
Operating Revenue / Share (Rs.)29.3921.3116.2716.2315.64
Net Profit / Share (Rs.)6.635.63-2.400.042.02
Interest Income / Employee (Rs.)2515799.922330718.911664870.731693359.241515385.18
Net Profit / Employee (Rs.)567885.62615512.98-245392.365006.88196131.72
Business / Employee (Rs.)25855303.9526204445.0520476702.1616673537.5713914089.68
Interest Income / Branch (Rs.)75494070.4866216131.9648918245.2248801140.8747019107.83
Net Profit / Branches (Rs.)17041099.7317486831.48-7210267.83144293.916085540.87
Business / Branches (Rs.)775865410.90744472866.45601658926.96480516853.91431723954.78
Net Profit Margin (%)22.5726.40-14.730.2912.94
Operating Profit Margin (%)8.7112.26-25.87-10.781.02
Return On Assets (%)3.173.30-1.750.041.90
Return On Equity / Networth (%)22.8227.43-15.920.2711.71
Net Interest Margin (X)8.438.097.518.488.87
Cost To Income (%)54.3154.8271.7065.1653.07
Interest Income / Total Assets (%)14.0412.5011.9113.7614.68
Non-Interest Income / Total Assets (%)1.941.761.321.521.75
Operating Profit / Total Assets (%)1.221.53-3.08-1.480.15
Operating Expenses / Total Assets (%)5.635.406.336.037.16
Interest Expenses / Total Assets (%)5.614.404.405.285.81
Enterprise Value (Rs.Cr.)39672.8231021.2421131.4420142.9118444.21
EV Per Net Sales (X)6.997.457.517.186.82
Price To Book Value (X)1.521.230.981.751.59
Price To Sales (X)1.511.190.901.881.75
Retention Ratios (%)94.6686.67100.00100.00100.00
Earnings Yield (X)0.140.22-0.160.000.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ujjivan Small Finance Bank Ltd as of November 15, 2024 is: 45.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 15, 2024, Ujjivan Small Finance Bank Ltd is Undervalued by 32.94% compared to the current share price 34.00

Intrinsic Value of Ujjivan Small Finance Bank Ltd as of November 15, 2024 is: 119.47

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 15, 2024, Ujjivan Small Finance Bank Ltd is Undervalued by 251.38% compared to the current share price 34.00

Last 5 Year EPS CAGR: 164.31%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ujjivan Small Finance Bank Ltd:
    1. Net Profit Margin: 22.57%
      • 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: 0% (Industry Average ROCE: 7.1%)
      • 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. ROE%: 0% (Industry Average ROE: 13.93%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • 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.
    5. Quick Ratio: 0
      • 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.
    6. Stock P/E: 5.65 (Industry average Stock P/E: 14.91)
      • 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.
    7. Total Debt / Equity: 0
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Ujjivan Small Finance Bank Ltd. is a Public Limited Listed company incorporated on 04/07/2016 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65110KA2016PLC142162 and registration number is 302481. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 2812.80 Cr. and Equity Capital is Rs. 1728.31 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorGrape Garden, No. 27, 3rd �A� Cross, Bengaluru Karnataka 560095investorrelations@ujjivan.com
https://www.ujjivansfb.in
Management
NamePosition Held
Mr. Banavar Anantharamaiah PrabhakarPart Time Chairman & Independent Director
Mr. Sanjeev NautiyalManaging Director & CEO
Mr. Samit Kumar GhoshNon Exe.Non Ind.Director
Ms. Anita RamachandranIndependent Director
Mr. Rajesh Kumar JogiIndependent Director
Ms. Rajni MishraIndependent Director
Mr. Ravichandran VenkataramanIndependent Director
Ms. Sudha SureshIndependent Director
Ms. Carol Kripanayana FurtadoWhole Time Executive Director
Mr. Mona KachhwahaIndependent Director

FAQ

What is the latest intrinsic value of Ujjivan Small Finance Bank Ltd?

The latest intrinsic value of Ujjivan Small Finance Bank Ltd as on 15 November 2024 is ₹45.20, which is 32.94% higher than the current market price of ₹34.00.

What is the Market Cap of Ujjivan Small Finance Bank Ltd?

The Market Cap of Ujjivan Small Finance Bank Ltd is 6,575 Cr..

What is the current Stock Price of Ujjivan Small Finance Bank Ltd as on 15 November 2024?

The current stock price of Ujjivan Small Finance Bank Ltd as on 15 November 2024 is ₹34.0.

What is the High / Low of Ujjivan Small Finance Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ujjivan Small Finance Bank Ltd stocks is 63.0/33.9.

What is the Stock P/E of Ujjivan Small Finance Bank Ltd?

The Stock P/E of Ujjivan Small Finance Bank Ltd is 5.65.

What is the Book Value of Ujjivan Small Finance Bank Ltd?

The Book Value of Ujjivan Small Finance Bank Ltd is 28.7.

What is the Dividend Yield of Ujjivan Small Finance Bank Ltd?

The Dividend Yield of Ujjivan Small Finance Bank Ltd is 4.41 %.

What is the ROCE of Ujjivan Small Finance Bank Ltd?

The ROCE of Ujjivan Small Finance Bank Ltd is 11.1 %.

What is the ROE of Ujjivan Small Finance Bank Ltd?

The ROE of Ujjivan Small Finance Bank Ltd is 26.7 %.

What is the Face Value of Ujjivan Small Finance Bank Ltd?

The Face Value of Ujjivan Small Finance Bank Ltd is 10.0.

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 Small Finance Bank 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