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Last Updated: April 2, 2026, 3:51 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542904 | NSE: UJJIVANSFB

Ujjivan Small Finance Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹68.53Undervalued by 27.85%vs CMP ₹53.60

P/E (21.1) × ROE (12.4%) × BV (₹32.10) × DY (2.00%)

₹54.28Fairly Valued by 1.27%vs CMP ₹53.60
MoS: +1.3% (Thin)Confidence: 50/100 (Moderate)Models: 2 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹97.9027%Under (+82.6%)
Graham NumberEarnings₹42.9219%Over (-19.9%)
Earnings PowerEarnings₹45.7913%Over (-14.6%)
DCFCash Flow₹62.3613%Under (+16.3%)
Net Asset ValueAssets₹32.069%Over (-40.2%)
EV/EBITDAEnterprise₹6.9511%Over (-87%)
Earnings YieldEarnings₹25.509%Over (-52.4%)
Consensus (7 models)₹54.28100%Fairly Valued
Key Drivers: EPS CAGR 42.9% lifts DCF — verify sustainability. | Wide model spread (₹7–₹98) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 42.9%

*Investments are subject to market risks

Investment Snapshot

54
Ujjivan Small Finance Bank Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 8.5% AverageROE 12.4% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -4.06% (6mo) SellingDII holding up 20.20% MF buyingPromoter holding at 0.0% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -49% YoY Declining
Industry Rank65/100 · Strong
P/E 21.1 vs industry 15.0 In-lineROCE 8.5% vs industry 6.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:51 am

Market Cap 10,417 Cr.
Current Price 53.6
Intrinsic Value₹54.28
High / Low 68.0/32.9
Stock P/E21.1
Book Value 32.1
Dividend Yield0.00 %
ROCE8.53 %
ROE12.4 %
Face Value 10.0
PEG Ratio0.49

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

View Share Price Target for Ujjivan Small Finance Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ujjivan Small Finance Bank Ltd 10,417 Cr. 53.6 68.0/32.921.1 32.10.00 %8.53 %12.4 % 10.0
South Indian Bank Ltd 9,517 Cr. 36.4 46.8/22.16.85 42.11.10 %6.50 %13.8 % 1.00
Karnataka Bank Ltd 8,705 Cr. 230 239/1637.54 3332.17 %6.33 %11.1 % 10.0
Jammu & Kashmir Bank Ltd 12,583 Cr. 114 128/82.05.87 1411.88 %6.15 %15.8 % 1.00
CSB Bank Ltd 6,246 Cr. 360 575/27010.0 2710.00 %7.11 %14.3 % 10.0
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of Ujjivan Small Finance Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue1,0821,1851,2871,3911,4711,5291,5771,6131,5911,5731,6191,6821,752
Interest 385447494568611595636669704709763761751
Expenses 4475055385766507307398419231,0399691,0181,051
Financing Profit250233255248210203203103-36-174-113-96-51
Financing Margin %23%20%20%18%14%13%13%6%-2%-11%-7%-6%-3%
Other Income 139179177189185236197207172270249256295
Depreciation 0000000000000
Profit before tax 38941243243639444040031013695136160244
Tax % 25%25%25%25%24%25%25%25%20%12%24%24%24%
Net Profit 29331032432830033030123310983103122186
EPS in Rs 1.501.581.661.681.531.681.561.200.560.430.530.630.96
Gross NPA %3.64%2.88%2.62%2.35%2.18%2.23%2.52%2.52%2.68%2.18%2.52%2.45%2.39%
Net NPA %0.05%0.04%0.06%0.09%0.17%0.28%0.41%0.56%0.56%0.49%0.70%0.67%0.57%

Last Updated: February 3, 2026, 6:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 7:16 am

MetricMar 2012Mar 2013Mar 2017n n 9mMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1482232171,4681,8322,7042,8062,8134,1655,6776,3546,626
Interest 59811096077251,0701,0781,0391,4672,2682,7182,984
Expenses 931021119221,0531,4171,9442,6031,7302,3963,4064,077
Financing Profit-340-3-6154217-215-8309681,014230-435
Financing Margin %-2%18%-1%-4%3%8%-8%-30%23%18%4%-7%
Other Income 81191112063223023605897878461,071
Depreciation 235416173778090981350
Profit before tax 2491919946610-5501,4671,702942636
Tax % 22%31%94%22%0%25%19%-25%25%25%23%
Net Profit 234071993508-4151,1001,281726494
EPS in Rs 0.000.051.382.020.05-2.405.636.543.752.55
Dividend Payout % 0%48%0%0%0%0%0%0%22%6%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)1600.00%2742.86%75.88%-97.71%-5287.50%365.06%16.45%-43.33%
Change in YoY Net Profit Growth (%)0.00%1142.86%-2666.98%-173.59%-5189.79%5652.56%-348.61%-59.78%

Ujjivan Small Finance Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2012-2013 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:19%
3 Years:31%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:16%
3 Years:56%
TTM:-58%
Stock Price CAGR
10 Years:%
5 Years:5%
3 Years:25%
1 Year:-2%
Return on Equity
10 Years:%
5 Years:14%
3 Years:22%
Last Year:12%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: January 7, 2026, 4:35 pm

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 57661,4401,4401,4401,7281,7281,7281,9555191,9351,937
Reserves 185256071801,2601,2908742,0545,0954,1484,293
Deposits002063,7737,37910,78013,13618,29225,53831,46237,63039,211
Borrowing6179976,4914,0534,3664,1533,4471,9642,8412,1712,8452,962
Other Liabilities 38412982013774907797549291,1761,1301,211
Total Liabilities 8981,3608,4369,47313,74218,41120,38023,61233,31740,42247,68949,614
Fixed Assets 1111137194282280276244265395444490
CWIP 0034221561832130
Investments 001,4471,2321,5272,3962,5164,1538,5109,76611,73011,603
Other Assets 8861,3496,8498,04211,93115,71517,58319,21024,52430,23035,50237,521
Total Assets 8981,3608,4369,47313,74218,41120,38023,61233,31740,42247,68949,614

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -168-409-7,0842,3144782422,6572,5541,0601,5932,028
Cash from Investing Activity + 13-161-101-148-757-1,356-841-2,096-865-1,793
Cash from Financing Activity + 2694277,931-2,439287776-706-1,4841,186-519398
Net Cash Flow 10221687-225617261595230150210633
Free Cash Flow -171-411-7,2452,2133301532,5992,5039351,3491,863
CFO/OP -301%-326%-6,672%430%66%27%332%1,230%55%50%78%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2017n n 9mMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow93.00102.00111.00919.00-6.00-9.00-12.00-16.00-24.00-29.00-34.00

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 2024Mar 2025
ROE % 12%0%13%15%-0%-15%33%27%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.67%73.67%73.66%73.60%73.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs 1.96%3.90%3.54%3.70%3.48%24.68%20.62%17.87%19.51%19.55%17.05%15.45%
DIIs 8.35%7.07%4.21%3.99%2.33%7.33%6.50%6.58%8.47%16.82%20.13%28.67%
Public 16.00%15.35%18.59%18.72%20.67%67.99%72.87%75.54%72.03%63.61%62.83%55.88%
No. of Shareholders 2,78,2882,94,8854,52,7495,98,0806,90,4249,14,07710,68,32511,38,62611,24,0909,84,2659,37,1438,40,960

Shareholding Pattern Chart

No. of Shareholders

Ujjivan Small Finance Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Small Cap Fund 34,002,065 1.53 197.4233,844,4792026-03-23 18:05:140.47%
Canara Robeco Small Cap Fund 28,163,189 1.28 163.5232,677,5532026-02-21 00:04:02-13.81%
Franklin India Opportunities Fund 25,999,478 1.79 150.9520,280,2162026-02-21 07:58:2328.2%
Axis Small Cap Fund 24,077,021 0.54 139.7921,911,1852026-02-21 07:58:239.88%
JM Flexicap Fund 18,974,004 2.14 110.1624,674,0042026-03-12 00:08:09-23.1%
Axis Flexi Cap Fund 16,822,138 0.76 97.67N/AN/AN/A
Mahindra Manulife Small Cap Fund 16,586,304 2.36 96.315,321,3042026-03-12 00:31:178.26%
DSP Small Cap Fund 15,296,631 0.53 88.8114,729,6832026-02-22 18:32:183.85%
UTI Small Cap Fund 14,977,722 1.91 86.9612,572,5422026-01-26 03:43:0219.13%
Aditya Birla Sun Life Small Cap Fund 14,830,393 1.76 86.1111,830,3932025-12-15 08:37:3325.36%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 3.756.655.82-2.400.05
Diluted EPS (Rs.) 3.716.545.81-2.400.05
Cash EPS (Rs.) 4.457.146.09-1.930.49
Book Value[Excl.RevalReserv]/Share (Rs.) 31.4429.0620.5115.0617.47
Book Value[Incl.RevalReserv]/Share (Rs.) 31.4429.0620.5115.0617.47
Dividend / Share (Rs.) 1.501.501.250.000.00
Operating Revenue / Share (Rs.)32.8429.3921.3116.2716.23
Net Profit / Share (Rs.) 3.756.635.63-2.400.04
Interest Income / Employee (Rs.)2607036.022515799.922330718.911664870.731693359.24
Net Profit / Employee (Rs.)297900.67567885.62615512.98-245392.365006.88
Business / Employee (Rs.)28317259.4625855303.9526204445.0520476702.1616673537.57
Interest Income / Branch (Rs.)84387644.0975494070.4866216131.9648918245.2248801140.87
Net Profit / Branches (Rs.)9642803.4517041099.7317486831.48-7210267.83144293.91
Business / Branches (Rs.)916606749.00775865410.90744472866.45601658926.96480516853.91
Net Profit Margin (%) 11.4222.5726.40-14.730.29
Operating Profit Margin (%)16.1930.5333.46-19.860.40
Return On Assets (%) 1.523.173.30-1.750.04
Return On Equity / Networth (%)11.9322.8227.43-15.920.27
Net Interest Margin (X)7.628.438.097.518.48
Cost To Income (%)62.3154.3154.8271.7060.31
Interest Income / Total Assets (%)13.3214.0412.5011.9113.76
Non-Interest Income / Total Assets (%)1.771.941.761.321.52
Operating Profit / Total Assets (%)-0.251.221.53-3.08-1.48
Operating Expenses / Total Assets (%)5.855.635.406.336.03
Interest Expenses / Total Assets (%)5.695.614.404.405.28
Enterprise Value (Rs.Cr.)43998.8939672.8231021.2421131.4420142.91
EV Per Net Sales (X)6.926.997.457.517.18
Price To Book Value (X)1.091.521.230.981.75
Price To Sales (X)1.051.511.190.901.88
Retention Ratios (%) 60.0594.6686.67100.00100.00
Earnings Yield (X)0.100.140.22-0.160.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Karnataka, 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. 6354.39 Cr. and Equity Capital is Rs. 1935.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorGrape Garden, Bengaluru Karnataka 560095Contact not found
Management
NamePosition Held
Mr. Banavar Anantharamaiah PrabhakarPart Time Chairman & Independent Director
Mr. Sanjeev NautiyalManaging Director & CEO
Ms. Carol Kripanayana FurtadoWhole Time Executive Director
Ms. Anita RamachandranIndependent Director
Mr. Rajesh Kumar JogiIndependent Director
Ms. Rajni MishraIndependent Director
Mr. Ravichandran VenkataramanIndependent Director
Ms. Sudha SureshIndependent Director
Ms. Mona KachhwahaIndependent Director

FAQ

What is the intrinsic value of Ujjivan Small Finance Bank Ltd and is it undervalued?

As of 13 April 2026, Ujjivan Small Finance Bank Ltd's intrinsic value is ₹54.28, which is 1.27% higher than the current market price of ₹53.60, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.4 %), book value (₹32.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ujjivan Small Finance Bank Ltd?

Ujjivan Small Finance Bank Ltd is trading at ₹53.60 as of 13 April 2026, with a FY2026-2027 high of ₹68.0 and low of ₹32.9. The stock is currently in the middle of its 52-week range. Market cap stands at ₹10,417 Cr..

How does Ujjivan Small Finance Bank Ltd's P/E ratio compare to its industry?

Ujjivan Small Finance Bank Ltd has a P/E ratio of 21.1, which is above the industry average of 15.04. The premium over industry average may reflect growth expectations or speculative interest.

Is Ujjivan Small Finance Bank Ltd financially healthy?

Key indicators for Ujjivan Small Finance Bank Ltd: ROCE of 8.53 % is on the lower side compared to the industry average of 6.84%. Dividend yield is 0.00 %.

Is Ujjivan Small Finance Bank Ltd profitable and how is the profit trend?

Ujjivan Small Finance Bank Ltd reported a net profit of ₹726 Cr in Mar 2025 on revenue of ₹6,354 Cr. Compared to ₹-415 Cr in Mar 2022, the net profit shows an improving trend.

Does Ujjivan Small Finance Bank Ltd pay dividends?

Ujjivan Small Finance Bank Ltd has a dividend yield of 0.00 % at the current price of ₹53.60. The company is currently not paying meaningful dividends.

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
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