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Last Updated: April 2, 2026, 3:52 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532477 | NSE: UNIONBANK

Union Bank of India: Intrinsic Value & Share Price Analysis

Fair Value

₹166.36Fairly Valued by 3.28%vs CMP ₹172.00

P/E (6.9) × ROE (17.0%) × BV (₹172.00) × DY (2.77%)

₹251.50Undervalued by 46.22%vs CMP ₹172.00
MoS: +31.6% (Strong)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹210.2227%Under (+22.2%)
Graham NumberEarnings₹309.8619%Under (+80.2%)
Earnings PowerEarnings₹149.0113%Over (-13.4%)
DCFCash Flow₹609.9413%Under (+254.6%)
Net Asset ValueAssets₹165.279%Fair (-3.9%)
EV/EBITDAEnterprise₹14.2311%Over (-91.7%)
Earnings YieldEarnings₹248.109%Under (+44.2%)
Consensus (7 models)₹251.50100%Undervalued
Key Drivers: EPS CAGR 26.4% lifts DCF — verify sustainability. | Wide model spread (₹14–₹610) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 26.4%

*Investments are subject to market risks

Investment Snapshot

57
Union Bank of India scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 6.7% WeakROE 17.0% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.03% (6mo) AccumulatingPromoter holding at 74.8% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +16% YoY Positive
Industry Rank50/100 · Moderate
P/E 6.9 vs industry 8.7 In-lineROCE 6.7% vs industry 6.2% Average

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, 3:52 am

Market Cap 1,31,023 Cr.
Current Price 172
Intrinsic Value₹251.50
High / Low 205/112
Stock P/E6.92
Book Value 172
Dividend Yield2.77 %
ROCE6.72 %
ROE17.0 %
Face Value 10.0
PEG Ratio0.26

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

View Share Price Target for Union Bank of India

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Union Bank of India 1,31,023 Cr. 172 205/1126.92 1722.77 %6.72 %17.0 % 10.0
Bank of Baroda 1,30,334 Cr. 252 326/2126.70 3183.31 %6.29 %15.5 % 2.00
Indian Bank 1,19,610 Cr. 888 1,000/5189.95 5931.83 %6.38 %17.1 % 10.0
Punjab National Bank 1,19,527 Cr. 104 135/89.46.72 1302.79 %6.32 %15.2 % 2.00
Canara Bank 1,15,469 Cr. 127 163/83.45.72 1293.14 %6.79 %17.8 % 2.00
Industry Average144,637.54 Cr226.678.69183.822.11%6.22%14.34%7.46

All Competitor Stocks of Union Bank of India

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue20,96622,16323,61324,73225,52126,51026,52726,88726,72027,86927,47526,20526,819
Interest 12,24213,81014,66415,49816,23616,96617,00417,72017,35018,24518,23117,24717,370
Expenses 8,81710,0417,9787,9628,0129,3659,3678,6868,0969,6738,8449,0567,994
Financing Profit-93-1,6889711,2711,2731791564801,274-49400-981,455
Financing Margin %-0%-8%4%5%5%1%1%2%5%-0%1%-0%5%
Other Income 3,6695,6014,2094,2214,2815,1024,7995,9264,6146,2234,8695,5505,183
Depreciation 0000000000000
Profit before tax 3,5763,9125,1805,4925,5545,2814,9546,4065,8896,1755,2695,4536,638
Tax % 37%28%37%35%35%37%27%26%22%19%21%21%24%
Net Profit 2,2642,8123,2723,5723,6253,3283,6424,7514,6235,0114,4284,4265,073
EPS in Rs 3.314.114.794.824.894.364.776.226.066.565.805.806.65
Gross NPA %
Net NPA %

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue29,39432,16432,31632,81732,95234,31437,47969,31168,23081,163100,376108,417108,368
Interest 21,46723,64023,89423,77623,47123,89625,83744,11240,17848,03363,36470,73371,093
Expenses 8,8299,49810,34913,87121,18119,01921,16636,27032,26436,15532,42234,73835,567
Financing Profit-902-973-1,928-4,830-11,700-8,601-9,523-11,071-4,213-3,0244,5902,9461,708
Financing Margin %-3%-3%-6%-15%-36%-25%-25%-16%-6%-4%5%3%2%
Other Income 3,1413,9573,9345,4305,4625,0425,78914,30713,52415,91517,81321,56221,826
Depreciation 1982252492413683744179087457458961,0840
Profit before tax 2,0402,7591,758359-6,607-3,933-4,1512,3278,56612,14721,50723,42423,534
Tax % 18%36%24%-58%-21%-25%-27%-22%39%31%36%23%
Net Profit 1,6871,7711,347573-5,212-2,922-3,1212,8635,2658,51213,79718,02718,938
EPS in Rs 26.5927.6919.738.33-44.61-16.58-9.124.477.7012.4518.0723.6224.81
Dividend Payout % 15%22%10%-0%-0%-0%-0%-0%25%24%20%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)4.98%-23.94%-57.46%-1009.60%43.94%-6.81%191.73%83.90%61.67%62.09%30.66%
Change in YoY Net Profit Growth (%)0.00%-28.92%-33.52%-952.14%1053.54%-50.75%198.54%-107.84%-22.23%0.42%-31.43%

Union Bank of India has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:24%
3 Years:17%
TTM:6%
Compounded Profit Growth
10 Years:26%
5 Years:51%
3 Years:51%
TTM:33%
Stock Price CAGR
10 Years:-2%
5 Years:34%
3 Years:44%
1 Year:3%
Return on Equity
10 Years:8%
5 Years:13%
3 Years:15%
Last Year:17%

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

Balance Sheet

Last Updated: December 10, 2025, 3:36 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6306366876871,1691,7633,4236,4076,8356,8357,6347,6347,738
Reserves 18,00419,26322,36123,40624,08325,07330,56758,33164,02671,96989,964106,200118,157
Deposits306,191325,990344,118377,195410,288417,505452,436925,6541,034,3681,120,3221,224,5931,312,2911,237,050
Borrowing20,88826,62830,63741,22645,68043,27652,71451,92251,24542,73726,97427,49069,197
Other Liabilities 9,30011,0489,56213,1679,90010,96416,36940,06337,29246,49552,83157,71458,182
Total Liabilities 355,013383,566407,365455,681491,120498,581555,5091,082,3771,193,7661,288,3571,401,9961,511,3291,490,323
Fixed Assets 2,6212,6903,9393,8963,8243,7434,7347,3037,1718,8269,2249,7659,999
CWIP 24132134445463372236590
Investments 94,63685,81890,573113,441125,485128,391154,251339,059351,839343,727343,953361,903357,747
Other Assets 257,753295,053312,840338,322361,777366,402396,470735,952834,718935,7821,048,7831,139,6021,122,577
Total Assets 355,013383,566407,365455,681491,120498,581555,5091,082,3771,193,7661,288,3571,401,9961,511,3291,490,323

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,570-3,56781-6,6246,097-7,778-7,68120,52736,3396,05619,93017,479
Cash from Investing Activity + -363-318-9-280-315-297-377-601-558-2,561-1,394-1,891
Cash from Financing Activity + 4,9023,168-210,19410,7921,75820,144-18,861-786-10,654-11,489-3,550
Net Cash Flow 7,109-718703,28916,574-6,31712,0861,06634,995-7,1597,04712,038
Free Cash Flow 2,207-3,90972-6,9115,782-8,076-8,05819,92635,8973,67318,62415,832
CFO/OP 16%-13%0%-27%74%-45%-55%63%103%21%34%25%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-298.00-316.00-334.00-364.00-389.00-398.00-431.00-889.0031.0035.0031.0033.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 9%9%6%2%-21%-11%-10%6%8%11%16%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 83.49%83.49%76.99%76.99%74.76%74.76%74.76%74.76%74.76%74.76%74.76%74.76%
FIIs 1.66%1.46%2.89%3.97%6.75%7.37%6.89%6.46%7.11%7.70%7.86%8.14%
DIIs 8.27%7.88%12.69%12.28%12.24%11.38%11.22%11.94%11.63%11.93%11.70%11.91%
Public 6.57%7.17%7.42%6.76%6.25%6.50%7.12%6.85%6.50%5.60%5.67%5.21%
No. of Shareholders 7,83,5507,75,7738,65,2518,74,3099,14,9409,84,22910,19,06110,22,30010,41,2119,61,1739,55,8399,20,603

Shareholding Pattern Chart

No. of Shareholders

Union Bank of India: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 96,886,066 2.08 1959.71N/AN/AN/A
Nippon India Growth Mid Cap Fund 22,000,000 1.01 444.99N/AN/AN/A
Axis Small Cap Fund 11,048,894 0.86 223.4910,743,8972026-02-22 08:23:332.84%
Mahindra Manulife Mid Cap Fund 6,200,000 2.82 125.41N/AN/AN/A
Kotak Equity Savings Fund 5,458,335 1.12 110.416,000,0002026-03-24 01:48:18-9.03%
Nippon India Small Cap Fund 5,115,879 0.15 103.489,861,5582025-12-15 01:15:51-48.12%
Nippon India ELSS Tax Saver Fund 5,000,000 0.68 101.146,000,0002026-01-26 01:34:36-16.67%
Edelweiss Balanced Advantage Fund 3,394,837 0.52 68.67N/AN/AN/A
HDFC Large and Mid Cap Fund 3,343,079 0.24 67.62N/AN/AN/A
Mahindra Manulife Multi Cap Fund 2,400,000 0.79 48.54N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 23.6219.1512.457.774.47
Diluted EPS (Rs.) 23.6219.1512.457.774.47
Cash EPS (Rs.) 24.9019.1313.428.715.83
Book Value[Excl.RevalReserv]/Share (Rs.) 141.83120.32106.1796.5693.24
Book Value[Incl.RevalReserv]/Share (Rs.) 148.99127.72115.15103.53100.88
Operating Revenue / Share (Rs.)142.03131.49118.7599.83108.18
Net Profit / Share (Rs.) 23.4817.9612.337.624.41
Net Profit After MI / Share (Rs.)23.6118.0712.457.704.47
Net Profit Margin (%) 16.5213.6510.387.634.08
Net Profit After MI And SOA Nargin (%)16.6213.7410.487.714.13
Operating Profit Margin (%)30.2425.0017.1812.527.23
Return On Assets (%) 1.190.980.660.440.26
Return On Equity / Networth (%)16.6515.0211.727.974.79
Net Interest Margin (X)2.492.632.572.342.32
Cost To Income (%)47.3348.3447.8847.3850.51
Interest Income / Total Assets (%)7.177.156.295.716.40
Non-Interest Income / Total Assets (%)1.421.271.231.131.28
Operating Profit / Total Assets (%)-0.24-0.29-0.58-0.69-1.02
Operating Expenses / Total Assets (%)1.851.891.821.651.82
Interest Expenses / Total Assets (%)4.684.513.723.364.07
Enterprise Value (Rs.Cr.)1346712.771315907.761158348.651066085.71961609.75
EV Per Net Sales (X)12.4213.1114.2715.6213.87
Price To Book Value (X)0.881.280.620.400.36
Price To Sales (X)0.881.170.550.380.31
Retention Ratios (%) 79.8880.0875.9175.33100.00
Earnings Yield (X)0.180.110.180.190.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Union Bank of India is a Public Limited Listed company incorporated on 11/11/1919 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is U99999MH1919PTC000615 and registration number is 000615. Currently company belongs to the Industry of Finance - Banks - Public Sector. Company's Total Operating Revenue is Rs. 107725.97 Cr. and Equity Capital is Rs. 7633.61 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorUnion Bank Bhavan, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Srinivasan VaradarajanNon Executive Chairman
Mr. S RamasubramanianExecutive Director
Mr. Nitesh RanjanExecutive Director
Mr. Sanjay RudraExecutive Director
Mr. Suraj SrivastavaPart Time Non Official Director
Mrs. Priti Jay RaoShareholder Director
Mr. Prakash Chandra KandpalShareholder Director
Mr. Sameer ShuklaGovernment Nominee Director
Mr. Prakash BaliarsinghNominee Director

FAQ

What is the intrinsic value of Union Bank of India and is it undervalued?

As of 15 April 2026, Union Bank of India's intrinsic value is ₹251.50, which is 46.22% higher than the current market price of ₹172.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (17.0 %), book value (₹172), dividend yield (2.77 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Union Bank of India?

Union Bank of India is trading at ₹172.00 as of 15 April 2026, with a FY2026-2027 high of ₹205 and low of ₹112. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,31,023 Cr..

How does Union Bank of India's P/E ratio compare to its industry?

Union Bank of India has a P/E ratio of 6.92, which is below the industry average of 8.69. This is broadly in line with or below the industry average.

Is Union Bank of India financially healthy?

Key indicators for Union Bank of India: ROCE of 6.72 % is on the lower side compared to the industry average of 6.22%; ROE of 17.0 % shows strong shareholder returns. Dividend yield is 2.77 %.

Is Union Bank of India profitable and how is the profit trend?

Union Bank of India reported a net profit of ₹18,027 Cr in Mar 2025 on revenue of ₹108,417 Cr. Compared to ₹5,265 Cr in Mar 2022, the net profit shows an improving trend.

Does Union Bank of India pay dividends?

Union Bank of India has a dividend yield of 2.77 % at the current price of ₹172.00. This is a relatively attractive yield for income-seeking investors.

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 Union Bank of India. 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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