Arthneeti

Ujjivan Small Finance Bank Q2 FY27 Share Price & Earnings Call Analysis

₹56.13+2.99% today
Market cap
₹10,962 Cr
P/E
9.53
ROE
10.75%
PEG
-0.67
Price to sales
1.40
Debt to equity
7.22
52W high / low
₹72.5 / ₹50.4
Sales growth (5Y)
19.82%
EBITDA margin
46.77%
Net profit margin
10.00%
Sales (last year)
₹7,809 Cr

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. It started its operations as Ujjivan Financial Services Limited, a Non-Banking Financial Company in 2005 with the mission to provide financial services to the ‘economically active poor’ who were not adequately served by financial institutions. [1]

Guidance scorecard · Q2 FY27 call

What Ujjivan Small's management guided
and where it ranks in Banks

#26of 28 in
Banks
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Ujjivan Small Finance Bank remains confident in delivering strong performance in FY27 and beyond.
  • Loan book growth recorded approximately 29% year-on-year in Q1, indicating strong momentum.
  • The secured loan book has grown to over 50% of the total, reflecting strategic diversification.
  • CASA deposits grew at a healthy 38% year-on-year with a cost of funds at 6.9%, supporting growth.
  • Asset quality trends are stable or better than Q1 levels, signaling sound credit performance.

2 more points from Ujjivan Small's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Ujjivan Small said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Carol Furtado highlighted that the bank’s strategic diversification is "well on its trajectory," implying ongoing investments in business mix and growth areas.
  • The bank remains well capitalized to meet FY27 growth plans, indicating readiness to support necessary investments.
  • No delays in capital raising are expected to impact FY27 performance or growth momentum, suggesting capital availability for planned expenditures.

2 more points from Ujjivan Small's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Ujjivan Small said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Management changes and leadership transition.
  • Business strategy and growth plans for FY27.
  • Capital raising and funding plans.
  • Asset quality and portfolio diversification.

2 more points from Ujjivan Small's call on the order book

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Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. IDFC First BankGood growth
    3
See all potential multibaggersWhere does Ujjivan Small rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First Bank20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

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Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Ujjivan Small announcements

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Financials of Ujjivan Small

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Ujjivan Small

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +73.60%73.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs +3.70%3.48%24.68%20.62%17.87%19.51%19.55%17.05%15.45%17.23%16.81%18.03%
DIIs +3.99%2.33%7.33%6.50%6.58%8.47%16.82%20.13%28.67%31.12%33.45%36.00%
Public +18.72%20.67%67.99%72.87%75.54%72.03%63.61%62.83%55.88%51.65%49.73%45.97%
No. of Shareholders5,98,0806,90,4249,14,07710,68,32511,38,62611,24,0909,84,2659,37,1438,40,9607,87,9977,67,6497,61,998

Pros & Cons

Ujjivan Small

Key positives and risks surfaced from the company insights section.

Pros
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Dividend payout has been low at 2.02% of profits over last 3 years
Raw Insights
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Dividend payout has been low at 2.02% of profits over last 3 years

Financials of Ujjivan Small

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +1,3911,4711,5291,5771,6131,5911,5731,6191,6821,7521,8782,0252,153
Interest568611595636669704709763761751785838905
Expenses +5766507307398419231,0399691,0181,0511,0291,0231,053
Financing Profit248210203203103-36-174-113-96-5164165195
Financing Margin %18%14%13%13%6%-2%-11%-7%-6%-3%3%8%9%
Other Income +189185236197207172270249256295307256296
Depreciation0000000000000
Profit before tax43639444040031013695136160244371421491
Tax %25%24%25%25%25%20%12%24%24%24%24%25%26%
Net Profit +32830033030123310983103122186282317365
EPS in Rs1.681.531.681.561.200.560.430.530.630.961.451.631.87
Gross NPA %2.35%2.18%2.23%2.52%2.52%2.68%2.18%2.52%2.45%2.38%2.26%2.16%2.10%
Net NPA %0.09%0.17%0.28%0.41%0.56%0.56%0.49%0.70%0.67%0.57%0.43%0.34%0.31%

Financials of Ujjivan Small

Profit & Loss

Annual income statement trend

Mar 2012Mar 2013Mar 2017 9mMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +1482232171,4681,8322,7042,8062,8134,1655,6776,3546,9317,809
Interest59811096077251,0701,0781,0391,4672,2682,7183,0603,279
Expenses +931021119221,0531,4171,9442,6031,7302,3963,4063,9234,156
Financing Profit-340-3-6154217-215-8309681,014230-52373
Financing Margin %-2%18%-1%-4%3%8%-8%-30%23%18%4%-1%5%
Other Income +81191112063223023605897878461,1081,154
Depreciation235416173778090981351450
Profit before tax2491919946610-5501,4671,7029429111,527
Tax %22%31%94%22%0%25%19%-25%25%25%23%24%
Net Profit +234071993508-4151,1001,2817266931,149
EPS in Rs0.000.051.382.020.05-2.405.636.543.753.575.91
Dividend Payout %0%48%0%0%0%0%0%0%22%6%0%0%

Financials of Ujjivan Small

Balance Sheet

Capital structure and asset base

Mar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital57661,4401,4401,4401,7281,7281,7281,9555191,9351,9431,951
Reserves185256071801,2601,2908742,0545,0954,1484,8735,486
Deposits002063,7737,37910,78013,13618,29225,53831,46237,63045,66850,643
Borrowing6179976,4914,0534,3664,1533,4471,9642,8412,1712,8453,7363,026
Other Liabilities +38412982013774907797549291,1761,1301,3211,530
Total Liabilities8981,3608,4369,47313,74218,41120,38023,61233,31740,42247,68957,54162,635
Fixed Assets +1111137194282280276244265395444457534
CWIP003422156183213360
Investments001,4471,2321,5272,3962,5164,1538,5109,76611,73012,72413,126
Other Assets +8861,3496,8498,04211,93115,71517,58319,21024,52430,23035,50244,32448,975
Total Assets8981,3608,4369,47313,74218,41120,38023,61233,31740,42247,68957,54162,635

Financials of Ujjivan Small

Cash Flows

Operating, investing and financing cash movement

Mar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-168-409-7,0842,3144782422,6572,5541,0601,5932,0281,843
Cash from Investing Activity +13-161-101-148-757-1,356-841-2,096-865-1,793-2,481
Cash from Financing Activity +2694277,931-2,439287776-706-1,4841,186-519398911
Net Cash Flow10221687-225617261595230150210633274
Free Cash Flow-171-411-7,2452,2133301532,5992,5039351,3491,8631,661

Financials of Ujjivan Small

Ratios

Working capital efficiency and return ratios

Mar 2012Mar 2013Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %1%12%0%0%13%15%-0%-15%33%27%12%11%

Guidance history

How Ujjivan Small's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →20–40%FlatPlannedPlannedRising
Q3 FY26 call →10–20%Flat———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

25out of 100

Momentum score · price trend

25 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+7.5%66%
Last 6 months−1.3%52%
Last 3 months−20.2%16%

The price is 22.5% below its all-time high of ₹72.47 (14 Aug 2026). Stocks more than 20% below their peak have their score halved, so 50 became 25.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ujjivan Small: 0.4 × 66 + 0.4 × 52 + 0.2 × 16 = 50, halved to 25 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Ujjivan Small's management said in earlier quarters

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