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Ujjivan Small Finance Bank Ltd share Price Today

Company details

48.10
50.30
36.60
63.00
6M Return -13.33%
1Y Return 26.27%
Mkt Cap.(Cr) 9,342.16
Volume 42,831,688
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 42,831,688

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Ujjivan Small Finance Bank announced Q4FY24 & FY24 results:

Assets

  • Disbursements were at Rs 6,681 crore/ Rs 23,389 crore in Q4FY24/FY24 up 11%/17% YoY
  • Affordable Housing disbursed Rs 730 crore/ Rs 2,284 crore in Q4FY24/FY24 up 66%/64% YoY
  • Gross loan book at Rs 29,780 crore up 24%/7% YoY/QoQ
  • Secured book at 30.2% as of Mar’24 vs 28.4% as of Dec’23

Collection and Asset Quality

  • Continued traction on Collections with ~99% efficiency in Mar’24; NDA collection consistently at ~100%
  • Portfolio at risk at 3.5% as of Mar’24; GNPA stable to 2.1% as of Mar’24 vs 2.1% as of Dec’23; NNPA continues to be negligible at 0.3% as on Mar’24
  • Q4FY24 write-off at Rs 65 crore; Provision coverage ratio as on Mar’24 is 87%

Deposits

  • Deposits at Rs 31,462 crore as of Mar’24 up by 23%/6% YoY/QoQ
  • CASA at Rs 8,335 crore up 24%/10% YoY/QoQ; CASA ratio at 26.5% as of Mar’24 vs 25.5% as of Dec’23
  • Retail TD^ grew 36%/7% YoY/QoQ

Financials

  • Q4FY24/FY24 NII of Rs 934/Rs 3,409 crore up 27%/ 26% YoY; NIM at 9.4%/ 9.1% for Q4FY24/ FY24
  • Cost to Income ratio at 55.7%/ 54.3% in Q4FY24/ FY24
  • Q4FY24/ FY24 PPoP at Rs 519/ Rs 1,917 crore up 26%/ 29% YoY; Q4FY24/ FY24 PAT of Rs 330/ Rs 1,281 crore up 7%/ 17% YoY

Capital and Liquidity

  • Capital adequacy ratio at 24.7% with Tier-1 capital at 22.6%
  • Excess system liquidity further moderated during the quarter
  • Provisional Daily Average LCR for Mar’24 was 134%
  • The board has recommended a final dividend of Rs 1.5 per share, subject to shareholders approval

Ittira Davis, MD & CEO, Ujjivan Small Finance Bank said, “Q4FY24 ended marking a strong close to another successful financial year, during which we were able to achieve quality growth. We have successfully completed the amalgamation process between Bank and its holding company. Our secured book improved by 177 bps to 30.2% this quarter. Disbursement during the quarter and year stood at Rs 6,681 crore and Rs 23,389 crore respectively. Affordable Housing (including Micro-Mortgages) has done well during the year disbursed Rs 730 crore and Rs 2,284 crore for the quarter and year respectively leading to Housing book growth of 45% for FY24. We expect this momentum to continue in the next year as well. Additionally, we are in the final stages of introducing a revamped LOS for the vertical, once completely operational it is expected to further improve business efficiency. Pre-Qualified Top-up loans has also been added to our product suite in the last quarter which will be beneficial for our existing Affordable Housing customers. The budding business segments Gold Loans and Vehicle Finance are generating increasing business month on month leveraging our large customer base and branch presence. Under our MSME vertical LAP products are doing well. We continue to augment our product suite and have onboarded new Fintech partners with a focus to grow our MSME book. This is to further aid in secured contribution to increase. On the deposit front, we continue to build granular and sticky book by improving our customer service and offering enhanced value add products. Our digital products like Digital SA & Digital FD will also help us acquire customer by providing them with seamless digital experience. Our retail deposits growth continues to outpace our bulk deposits growth indicating healthy deposit accretion. CASA book grew by 10% QoQ, sourcing around Rs 778 crore of CASA during the quarter. CASA ratio improved to 26.5% vs 25.5% last quarter. These resulted in a improvement in our CoF for the quarter. NIMs for the quarter was at 9.4%. We reported a PPoP of Rs 519 crore supported by our NII growing by 26% YoY and 9% QoQ. Collections remain strong for the quarter with March collection at around 99%. We see credit cost normalising hereon. PAT for the quarter and financial year was Rs 330 crore and Rs 1,281 crore up 7% and 17% YoY respectively. Strength of our underlying business continues to reflect in our strong financial performance over last 2 consecutive financial years. We generated a RoA /RoE of 3.5% /26.1% respectively for FY24.”

Result PDF

View Other Company Results

Ujjivan Small Finance Bank Ltd shares SWOT Analysis

Strengths (9)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (2)

  • Weak Momentum: Price below Short, Medium and Long Term Averages
  • High volume, top losers

Opportunity (2)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • Stock with Low PE (PE < = 10)

Threats (4)

  • Increasing Trend in Non-Core Income
  • Increase in NPA in Recent Results
  • Increase in Provisions in Recent Results

Resistance and support

R1 49.7
R2 51.1
R3 51.9
Pivot

48.92

S1 47.5
S2 46.7
S3 45.3
EMA SMA
50.0
51.0
51.8
50.5
49.8
51.9
52.1
53.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
VAIBHAV STOCK AND DERIVATIVES BROKING PRIVATE LIMITED Bulk Purchase 2019-12-12 58.25 13479921 NSE
VAIBHAV STOCK AND DERIVATIVES BROKING PRIVATE LIMITED Bulk Sell 2019-12-12 58.29 13479921 NSE
Name Category Shares
DOLLY KHANNA PUBLIC 1.08%
HUF PUBLIC 1.72%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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Profit after Tax
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P BV

Ujjivan Small Finance Bank Ltd Stocks COMPARISON

Financials( in Cr) Ujjivan Small Finance Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 48.36 1,665.75 1,158.65 836.30 1,237.45
% Change -0.82 -0.22 0.16 -0.88 -0.17
Mcap Cr 9,342.16 1,265,455.45 813,642.96 746,365.30 381,947.60
Revenue TTM Cr 4,164.99 170,754.05 121,066.81 439,188.51 87,448.37
Net Profit TTM Cr 1,099.92 46,148.70 34,463.03 68,138.26 10,852.66
PE TTM 7.30 19.81 18.39 11.22 14.51
1 Year Return 26.27 3.62 25.19 47.39 26.94
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 32.61 17.20 17.66 18.97 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,157.89 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,781.36 14,522.15
LAST 3M 107,380.98 -17,606.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 296,407.80 100,937.44
Ujjivan Small Finance Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 21, 2024 l NSE Announcement

Ujjivan Small Finance Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 14, 2024 l NSE Announcement

Date Action Type Ratio
Jul 12, 2024 Dividend 15
Jul 14, 2023 Dividend 5
Mar 01, 2023 Dividend 7.5

Ujjivan Small Finance Bank Ltd Information

Stock PE (TTM)
7.3
Promoter Holding
0%
Book Value
28.6859
ROE
32.61%
Description
  • Ujjivan Small Finance Bank Limited is a mass market focused small finance bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country.The companies Promoter, Ujjivan Financial Services Limited (UFSL) commenced operations as an NBFC in 2005 with the mission to provide a full range of financial services to the `economically active poor` who were not adequately served by financial institutions. On October 7, 2015, UFSL received RBI In-Principle Approval to set up a Small Finance Bank(SFB), following which it incorporated Ujjivan Small Finance Bank Limited as a wholly-owned subsidiary. UFSL, subsequent to obtaining RBI Final Approval on November 11, 2016 to establish and carry on business as an SFB, transferred its business undertaking comprising of its lending and financing business to our Bank, which commenced its operations from February 1, 2017. Ujjivan Small Finance Bank has a diversified portfolio with branches spread across 24 states and union territories and a customer base of 4.72 million as of June 30, 2019. Apart from the network of branches, ATMs and Automated Cash Recyclers, the bank has a phone banking unit that services customers in eleven languages, a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers. The Bank operationalised 101 Banking Outlets (BO) including 24 in Unbanked Rural Centres (URCs) during FY 2019-20. As of March 31, 2020, the Bank operated a strong network of 575 Banking Outlets (BOs) and 475 ATMs. The Bank came up with an IPO of 202,702,702 Equity Shares of Face Value of Rs 10 each for cash at a price of Rs 37 per equity share (including a share premium of Rs 27 per equity share) aggregating to Rs 7,459.46 Million. Pursuant to the IPO, the Equity Shares of the Bank got listed on BSE and NSE on December 12, 2019. The Bank, as part of its IPO, had undertaken PreIPO Placement of 71,428,570 Equity Shares by way of preferential issue on private placement basis at a price of Rs 35 per equity shares for cash consideration. As of March 31, 2021, the Bank operated a strong network of 575 Banking Outlets (BOs) and 491 ATMs. During FY 2020-21, new products launched included Differential saving account rates; Point of Sale (PoS) machine; Cash Management Services (CMS) solutions; Online fee collection solutions and QR code solution for merchants. The Bank introduced new health insurance offerings, scaled up employee IRDA certification efforts, improved internal processes to remove operational bottlenecks, adopted digital initiatives for customer on-boarding and servicing, and focused on quality customer acquisition across business verticals. The Bank operated a network of 492 Automated Teller Machines (ATMs) as at March 31, 2022. New products like term loan, overdraft and cash credit facility, were launched under the Credit Guarantee Trust for MSE scheme (CGTMSE); and cash credit/OD facilities were introduced for FIG customers. During 2023, the Bank expanded its branch network by introducing 54 new branches, bringing the total to 629 branches. The Bank operated a network of 517 Automated Teller Machines (ATMs) as at March 31, 2023. It commenced operations in Telangana. It opened 9 new branches in Uttar Pradesh and Gujarat; it added regional processing hubs across the country to enhance the regional presence and cater to major markets such as Ahmedabad, Coimbatore, Patna, and Jaipur. Additionally, it launched Asset Centres dedicated to serving MSME customers, with the first centre opening in Mysuru.

Registered Address

Plot No 2364/8 Khampur Raya, Vil. Shadi Kampur Main PatelRd, New Delhi, New Delhi, 110008

Tel : 91-11-30432121
Email : corporatesecretarial:ujjivan.com
Website : https://www.ujjivansfb.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542904
NSE Code : UJJIVANSFB
Book Closure Date (Month) :
BSE Group : A
ISIN : INE551W01018

FAQ’s on Ujjivan Small Finance Bank Ltd Shares

You can buy Ujjivan Small Finance Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ujjivan Small Finance Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:59 PM the closing price of Ujjivan Small Finance Bank Ltd was Rs.48.36.

The latest PE ratio of Ujjivan Small Finance Bank Ltd as of Jun 21, 2024 03:59 PM is 7.30

The latest PB ratio of Ujjivan Small Finance Bank Ltd as of Jun 21, 2024 03:59 PM is 0.59

The 52-week high of Ujjivan Small Finance Bank Ltd share price is Rs. 63.00 while the 52-week low is Rs. 36.60

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:59 PM, the market cap of Ujjivan Small Finance Bank Ltd stood at Rs. 9,342.16 Cr.

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