Ujjivan Small Finance Bank Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 9:03 pm

Market Cap	6,775 Cr.
Current Price	35.0
High / Low	61.8/32.0
Stock P/E	5.82
Book Value	28.7
Dividend Yield	4.28 %
ROCE	11.1 %
ROE	26.7 %
Face Value	10.0
PEG Ratio	0.04

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ujjivan Small Finance Bank Ltd

Competitors of Ujjivan Small Finance Bank Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Fino Payments Bank Ltd	2,705 Cr.	325	467/249	29.0	77.3	0.00 %	7.07 %	14.4 %	10.0
Yes Bank Ltd	64,674 Cr.	20.6	32.8/19.0	36.1	14.6	0.00 %	5.81 %	3.11 %	2.00
Ujjivan Small Finance Bank Ltd	6,775 Cr.	35.0	61.8/32.0	5.82	28.7	4.28 %	11.1 %	26.7 %	10.0
South Indian Bank Ltd	6,664 Cr.	25.5	36.9/22.3	5.50	33.7	1.18 %	6.19 %	13.8 %	1.00
Karnataka Bank Ltd	8,177 Cr.	216	287/192	6.09	288	2.54 %	6.24 %	13.7 %	10.0
Industry Average	160,572.67 Cr	441.50		15.08	226.20	0.99%	7.14%	13.99%	6.14

All Competitor Stocks of Ujjivan Small Finance Bank Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Revenue	645	708	818	905	993	1,082	1,185	1,287	1,391	1,471	1,529	1,577	1,613
Interest	254	254	274	306	330	385	447	494	568	611	595	636	669
Expenses	812	603	498	454	415	447	505	538	576	650	730	739	841
Financing Profit	-421	-149	46	146	248	250	233	255	248	210	203	203	103
Financing Margin %	-65%	-21%	6%	16%	25%	23%	20%	20%	18%	14%	13%	13%	6%
Other Income	55	104	127	125	147	139	179	177	189	185	236	197	207
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-366	-46	173	271	395	389	412	432	436	394	440	400	310
Tax %	-25%	-26%	27%	25%	25%	25%	25%	25%	25%	24%	25%	25%	25%
Net Profit	-274	-34	127	203	294	293	310	324	328	300	330	301	233
EPS in Rs	-1.58	-0.20	0.73	1.17	1.51	1.50	1.58	1.66	1.68	1.53	1.68	1.56	1.20
Gross NPA %	11.80%	9.79%	7.34%	6.51%	5.06%	3.64%	2.88%	2.62%	2.35%	2.18%	2.23%	2.52%	2.52%
Net NPA %	3.29%	1.67%	0.61%	0.11%	0.04%	0.05%	0.04%	0.06%	0.09%	0.17%	0.28%	0.41%	0.56%

Last Updated: November 25, 2024, 11:33 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 25, 2024, 11:33 am

Month	Mar 2012	Mar 2013	Mar 2017n n 9m	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Revenue	148	223	217	1,468	1,832	2,704	2,806	2,813	4,165	5,677	6,189
Interest	59	81	109	607	725	1,070	1,078	1,039	1,467	2,268	2,510
Expenses	93	102	111	922	1,053	1,533	1,944	2,603	1,730	2,396	2,960
Financing Profit	-3	40	-3	-61	54	100	-215	-830	968	1,014	719
Financing Margin %	-2%	18%	-1%	-4%	3%	4%	-8%	-30%	23%	18%	12%
Other Income	8	11	9	111	206	322	302	360	589	787	825
Depreciation	2	3	5	41	61	73	77	80	90	98	0
Profit before tax	2	49	1	9	199	350	10	-550	1,467	1,702	1,544
Tax %	22%	31%	94%	22%	0%	0%	19%	-25%	25%	25%
Net Profit	2	34	0	7	199	350	8	-415	1,100	1,281	1,164
EPS in Rs			0.00	0.05	1.38	2.02	0.05	-2.40	5.63	6.54	5.97
Dividend Payout %	0%	48%	0%	0%	0%	0%	0%	0%	22%	6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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:	-10%
3 Years:	24%
1 Year:	-38%

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

Month	Mar 2012	Mar 2013	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	57	66	1,440	1,440	1,440	1,728	1,728	1,728	1,955	519
Reserves	185	256	0	7	180	1,260	1,290	874	2,054	5,095
Borrowings	617	997	6,698	7,825	11,746	14,934	16,583	20,256	28,379	33,633
Other Liabilities	38	41	298	201	377	490	779	754	929	1,176
Total Liabilities	898	1,360	8,436	9,473	13,742	18,411	20,380	23,612	33,317	40,422
Fixed Assets	11	11	137	194	282	280	276	244	265	395
CWIP	0	0	3	4	2	21	5	6	18	32
Investments	0	0	1,447	1,232	1,527	2,396	2,516	4,153	8,510	9,766
Other Assets	886	1,349	6,849	8,042	11,931	15,715	17,583	19,210	24,524	30,230
Total Assets	898	1,360	8,436	9,473	13,742	18,411	20,380	23,612	33,317	40,422

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2012	Mar 2013	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-168	-409	-7,084	2,314	478	242	2,657	2,554	1,060	1,582
Cash from Investing Activity +	1	3	-161	-101	-148	-757	-1,356	-841	-2,096	-853
Cash from Financing Activity +	269	427	7,931	-2,439	287	776	-706	-1,484	1,186	-519
Net Cash Flow	102	21	687	-225	617	261	595	230	150	210

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2017n n 9m	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-524.00	-895.00	111.00	915.00	-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

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

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	83.32%	83.32%	83.32%	73.68%	73.68%	73.67%	73.67%	73.66%	73.60%	73.52%	0.00%	0.00%
FIIs	0.11%	0.14%	0.18%	3.25%	2.29%	1.96%	3.90%	3.54%	3.70%	3.48%	24.68%	20.62%
DIIs	0.75%	0.66%	0.65%	9.08%	8.21%	8.35%	7.07%	4.21%	3.99%	2.33%	7.33%	6.50%
Public	15.82%	15.88%	15.85%	13.99%	15.83%	16.00%	15.35%	18.59%	18.72%	20.67%	67.99%	72.87%
No. of Shareholders	2,61,782	2,70,300	2,72,548	2,63,629	2,76,665	2,78,288	2,94,885	4,52,749	5,98,080	6,90,424	9,14,077	10,68,325

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Franklin India Smaller Companies Fund	15,259,428	0.71	84.46	183,691	2024-12-17	8207.12%
Canara Robeco Small Cap Fund	9,194,101	0.53	50.89	183,691	2024-12-17	4905.2%
Nippon India Nifty Smallcap 250 Index Fund	361,670	0.19	2	183,691	2024-12-17	96.89%
Motilal Oswal Nifty Smallcap 250 Index Fund	221,134	0.19	1.22	183,691	2024-12-17	20.38%
SBI Nifty Smallcap 250 Index Fund	183,691	0.18	1.02	183,691	2024-12-17	0%
ICICI Prudential Nifty Smallcap 250 Index Fund	83,870	0.18	0.46	183,691	2024-12-17	-54.34%
Motilal Oswal Nifty 500 Index Fund	21,920	0.02	0.12	183,691	2024-12-17	-88.07%
Edelweiss Nifty Smallcap 250 Index Fund	10,044	0.19	0.06	183,691	2024-12-17	-94.53%
ICICI Prudential S&P BSE 500 ETF	5,870	0.02	0.03	183,691	2024-12-17	-96.8%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Face Value	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	6.65	5.82	-2.40	0.05	2.19
Diluted EPS (Rs.)	6.54	5.81	-2.40	0.05	2.19
Cash EPS (Rs.)	7.14	6.09	-1.93	0.49	2.44
Book Value[Excl.RevalReserv]/Share (Rs.)	29.06	20.51	15.06	17.47	17.29
Book Value[Incl.RevalReserv]/Share (Rs.)	29.06	20.51	15.06	17.47	17.29
Dividend / Share (Rs.)	1.50	1.25	0.00	0.00	0.00
Operating Revenue / Share (Rs.)	29.39	21.31	16.27	16.23	15.64
Net Profit / Share (Rs.)	6.63	5.63	-2.40	0.04	2.02
Interest Income / Employee (Rs.)	2515799.92	2330718.91	1664870.73	1693359.24	1515385.18
Net Profit / Employee (Rs.)	567885.62	615512.98	-245392.36	5006.88	196131.72
Business / Employee (Rs.)	25855303.95	26204445.05	20476702.16	16673537.57	13914089.68
Interest Income / Branch (Rs.)	75494070.48	66216131.96	48918245.22	48801140.87	47019107.83
Net Profit / Branches (Rs.)	17041099.73	17486831.48	-7210267.83	144293.91	6085540.87
Business / Branches (Rs.)	775865410.90	744472866.45	601658926.96	480516853.91	431723954.78
Net Profit Margin (%)	22.57	26.40	-14.73	0.29	12.94
Operating Profit Margin (%)	8.71	12.26	-25.87	-10.78	1.02
Return On Assets (%)	3.17	3.30	-1.75	0.04	1.90
Return On Equity / Networth (%)	22.82	27.43	-15.92	0.27	11.71
Net Interest Margin (X)	8.43	8.09	7.51	8.48	8.87
Cost To Income (%)	54.31	54.82	71.70	60.31	67.41
Interest Income / Total Assets (%)	14.04	12.50	11.91	13.76	14.68
Non-Interest Income / Total Assets (%)	1.94	1.76	1.32	1.52	1.75
Operating Profit / Total Assets (%)	1.22	1.53	-3.08	-1.48	0.15
Operating Expenses / Total Assets (%)	5.63	5.40	6.33	6.03	7.16
Interest Expenses / Total Assets (%)	5.61	4.40	4.40	5.28	5.81
Enterprise Value (Rs.Cr.)	39672.82	31021.24	21131.44	20142.91	18444.21
EV Per Net Sales (X)	6.99	7.45	7.51	7.18	6.82
Price To Book Value (X)	1.52	1.23	0.98	1.75	1.59
Price To Sales (X)	1.51	1.19	0.90	1.88	1.75
Retention Ratios (%)	94.66	86.67	100.00	100.00	100.00
Earnings Yield (X)	0.14	0.22	-0.16	0.00	0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ujjivan Small Finance Bank Ltd as of December 19, 2024 is: 46.51

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 December 19, 2024, Ujjivan Small Finance Bank Ltd is Undervalued by 32.89% compared to the current share price 35.00

Intrinsic Value of Ujjivan Small Finance Bank Ltd as of December 19, 2024 is: 121.05

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 December 19, 2024, Ujjivan Small Finance Bank Ltd is Undervalued by 245.86% compared to the current share price 35.00

Last 5 Year EPS CAGR: 160.26%

*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: 7.14%)
  - 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: 13.99%)
  - 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: 5.82 (Industry average Stock P/E: 15.08)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Finance - Banks - Private Sector	Grape Garden, No. 27, 3rd �A� Cross, Bengaluru Karnataka 560095	investorrelations@ujjivan.com https://www.ujjivansfb.in

Management
Name	Position Held
Mr. Banavar Anantharamaiah Prabhakar	Part Time Chairman & Independent Director
Mr. Sanjeev Nautiyal	Managing Director & CEO
Mr. Samit Kumar Ghosh	Non Exe.Non Ind.Director
Ms. Anita Ramachandran	Independent Director
Mr. Rajesh Kumar Jogi	Independent Director
Ms. Rajni Mishra	Independent Director
Mr. Ravichandran Venkataraman	Independent Director
Ms. Sudha Suresh	Independent Director
Ms. Carol Kripanayana Furtado	Whole Time Executive Director
Mr. Mona Kachhwaha	Independent 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 18 December 2024 is ₹46.51, which is 32.89% higher than the current market price of ₹35.00. The stock has a market capitalization of 6,775 Cr. and recorded a high/low of ₹61.8/32.0 during the current fiscal year 2024-2025. As of Mar 2024, the company has reserves of ₹5,095 Cr and total liabilities of ₹40,422 Cr.

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

The Market Cap of Ujjivan Small Finance Bank Ltd is 6,775 Cr..

What is the current Stock Price of Ujjivan Small Finance Bank Ltd as on 18 December 2024?

The current stock price of Ujjivan Small Finance Bank Ltd as on 18 December 2024 is 35.0.

What is the High / Low of Ujjivan Small Finance Bank Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ujjivan Small Finance Bank Ltd stocks is 61.8/32.0.

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

The Stock P/E of Ujjivan Small Finance Bank Ltd is 5.82.

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 4.28 %.

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.