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Ujjivan Small Finance Bank Ltd.
(UJJIVANSFB)
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Rating:66Neutral
Price Target:
₹70.00
▲(0.85% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by improving balance-sheet leverage and strong growth, but is tempered by meaningful margin compression and inconsistent cash-flow history. Technicals add support with a clear uptrend and positive momentum, while valuation appears reasonable at a mid-teens P/E, with no dividend data to strengthen the valuation case.
Positive Factors
Steady revenue growth
Sustained revenue growth indicates expanding lending and banking activity across the franchise. Continued top-line expansion can support operating scale, broaden the customer base, and provide a durable foundation for earnings growth if credit quality and funding costs remain controlled.
Negative Factors
Material margin compression
The sustained decline in net margin shows that revenue growth has not translated proportionately into profitability recently. Continued compression would limit internal capital generation, reduce the benefit of operating scale, and make earnings more sensitive to funding costs and credit provisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue growth indicates expanding lending and banking activity across the franchise. Continued top-line expansion can support operating scale, broaden the customer base, and provide a durable foundation for earnings growth if credit quality and funding costs remain controlled.
Read all positive factors
Ujjivan Small Finance Bank Ltd. (UJJIVANSFB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹129.73B
Dividend Yield3.38%
Average Volume (3M)1.20M
Price to Earnings (P/E)14.0
Beta (1Y)1.08
Revenue Growth15.87%
EPS Growth70.88%
CountryIN
Employees26,555
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.67
Shares Outstanding1,948,540,500
10 Day Avg. Volume1,580,114
30 Day Avg. Volume1,199,207
Financial Highlights & Ratios
PEG Ratio-2.95
Price to Book (P/B)1.44
Price to Sales (P/S)1.22
P/FCF Ratio6.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.14
Revenue Forecast (FY)₹62.56B
Ujjivan Small Finance Bank Ltd. Business Overview & Revenue Model
Company Description
Ujjivan Small Finance Bank Limited is an Indian financial institution providing a broad spectrum of banking and financial solutions. Its operations are structured into three main divisions: Treasury, Retail Banking, and Corporate/Wholesale Banking...
How the Company Makes Money
Ujjivan Small Finance Bank primarily makes money through (1) interest income generated from lending and (2) fee-based income from banking services. Its core revenue engine is net interest income: the bank raises funds largely via customer deposits...
Ujjivan Small Finance Bank Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 84.52B | 80.39B | 70.88B | 63.25B | 47.55B | 31.75B |
| Gross Profit | 48.11B | 41.79B | 43.70B | 40.57B | 32.88B | 21.35B |
| EBITDA | 12.67B | 10.56B | 10.76B | 18.00B | 15.58B | -4.70B |
| Net Income | 9.06B | 6.93B | 7.26B | 12.81B | 11.00B | -4.15B |
Balance Sheet | ||||||
| Total Assets | 606.58B | 575.41B | 476.89B | 404.22B | 333.17B | 236.04B |
| Cash, Cash Equivalents and Short-Term Investments | 45.21B | 34.44B | 31.57B | 25.24B | 1.85B | 21.68B |
| Total Debt | 38.06B | 37.36B | 28.45B | 85.07B | 85.35B | 78.41B |
| Total Liabilities | 535.14B | 507.26B | 416.06B | 348.09B | 291.08B | 208.02B |
| Stockholders Equity | 71.44B | 68.16B | 60.83B | 56.13B | 42.09B | 28.03B |
Cash Flow | ||||||
| Free Cash Flow | -8.90B | 14.44B | -43.07B | 15.23B | 9.34B | 24.95B |
| Operating Cash Flow | -7.86B | 16.27B | -41.40B | 17.69B | 10.60B | 25.47B |
| Investing Cash Flow | -16.38B | -22.65B | -17.93B | -71.36B | -20.96B | -8.41B |
| Financing Cash Flow | 17.03B | 9.11B | 65.67B | 55.77B | 11.86B | -14.84B |
Ujjivan Small Finance Bank Ltd. Technical Analysis
Neutral
69.41
Price Trends
67.86
Negative
62.23
Positive
59.65
Positive
Market Momentum
-1.06
Positive
44.25
Neutral
48.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UJJIVANSFB, the sentiment is Neutral. The current price of 69.41 is above the 20-day moving average (MA) of 67.87, above the 50-day MA of 67.86, and above the 200-day MA of 59.65, indicating a neutral trend. The MACD of -1.06 indicates Positive momentum. The RSI at 44.25 is Neutral, neither overbought nor oversold. The STOCH value of 48.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:UJJIVANSFB.
Ujjivan Small Finance Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹54.56B | 14.33 | ― | ― | 17.48% | -12.60% | |
66 Neutral | ₹129.73B | 14.03 | ― | 3.38% | 15.87% | 70.88% | |
59 Neutral | ₹280.17B | 21.01 | ― | 0.85% | -2.19% | -34.11% | |
56 Neutral | ₹83.06B | 16.36 | ― | 1.27% | 9.24% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹20.68B | -396.10 | ― | 1.39% | 10.82% | 99.22% | |
48 Neutral | ₹26.35B | -2.40 | ― | 0.83% | -12.04% | -121.91% |
* General Sector Average
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
65.46
18.86
40.47%
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Ujjivan Small Finance Bank Ltd. Corporate Events
Ujjivan Small Finance Bank Allots ESOP Shares, Increases Paid-Up Capital
Sep 6, 2026
Ujjivan Small Finance Bank has allotted 2,515,773 fully paid equity shares of Rs 10 each following the exercise of employee stock options granted under its 2019 ESOP scheme. The bank has secured in-principle listing approvals from NSE and BSE and ...
Ujjivan Small Finance Bank schedules investor call on board change
Sep 1, 2026
Ujjivan Small Finance Bank has announced that it will host a conference call for investors and analysts on September 1, 2026, to discuss a recently intimated change in its board of directors. The call, scheduled for 4:00 p.m. IST and also accessib...
Ujjivan Small Finance Bank Reports Improved ESG Rating from SES ESG
Jul 13, 2026
Ujjivan Small Finance Bank Ltd. has received an ESG rating of 77.3 from SES ESG Research Pvt. Ltd., a SEBI-registered Category II ESG rating provider, reflecting a year-on-year improvement of 4.1% for FY 2025-26. The rating, based on the bank̵...
Ujjivan Small Finance Bank downplays impact of new mutual fund distribution business
Jul 10, 2026
Ujjivan Small Finance Bank has clarified to the National Stock Exchange that its entry into mutual fund distribution, approved by a board committee in February 2026 and rolled out to customers in May, stems from an internal strategic initiative ra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.