Ujjivan Financial Services

Ujjivan Financial Services's market capitalisation (end of period) rose 3.53% to USD 541 mil in 3Q2019

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services stock traded at INR 314 per share at the end of third quarter of 2019 implying a market capitalization of ...

Ujjivan Financial's share price (end of period) fell 9.00% yoy to INR 314 in 3Q2019

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services stock traded at INR 314 per share at the end of third quarter of 2019 implying a market capitalization of USD 541 ...

Ujjivan Financial's net profit rose 14.9% yoy to INR 632 mil in 3Q2019

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services made a net profit of INR 632 mil in the third quarter of 2019, up 14.9% when compared to the same peri...

Profit Statement 2016 2017 2018
Net Interest Income INR mil 7,104 8,064 10,967
Fee Income (As % Of Revenues) % 12.8 11.8 10.6
Other Income INR mil 433 0 0
Total Revenues INR mil 8,638 9,147 12,266
Operating Profit INR mil 3,310 168 1,453
Net Profit INR mil 2,077 260 1,504
Balance Sheet 2016 2017 2018
Interbank Loans INR mil 14,467 12,441 15,481
Customer Loans INR mil 1,059 73,226 109,305
Debt Securities INR mil 677 0 0
Total Assets INR mil 84,786 95,222 140,259
Shareholders' Equity INR mil 17,558 17,319 18,777
Interbank Borrowing INR mil 1,004 6,000 1,000
Customer Deposits INR mil 59.8 37,726 72,592
Issued Debt Securities INR mil 28,391 32,528 44,830
Ratios 2016 2017 2018
ROE % 13.8 1.49 8.34
ROA % 2.82 0.288 1.28
Costs (As % Of Assets) % 7.25 9.98 9.18
Costs (As % Of Income) % 61.7 98.2 88.2
Capital Adequacy Ratio % 18.2 18.0 ...
Net Interest Margin % 9.66 8.96 9.31
Loans (As % Of Deposits) % 1,772 194 151
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 744 655 604
Share Price (End Of Period) INR 416 345 347
Price/Earnings (P/E) 24.3 161 28.0
Price/Book Value (P/BV) 2.88 2.41 2.24
Dividend Yield % 0.192 0.145 0.130
Earnings Per Share (EPS) INR 17.1 2.15 12.4
Book Value Per Share INR 145 143 155
Dividend Per Share INR 0.800 0.500 0.450

Get all company financials in excel:

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summary Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                  
Net Interest Income INR mil     1,320 1,945 3,025 5,064 7,104    
Total Revenues INR mil     1,555 2,226 3,556 6,097 8,638    
Operating Profit INR mil     516 942 1,297 2,303 3,310    
Net Profit INR mil     329 584 758 1,417 2,077    
balance sheet                  
Interbank Loans INR mil     1.00 1.01 1.01 7,234 14,467    
Customer Loans INR mil     95.0 157 275 667 1,059    
Debt Securities INR mil     9,474 13,876 26,299 13,488 677    
Total Assets INR mil     13,569 20,787 39,763 62,274 84,786    
Shareholders' Equity INR mil     3,180 3,725 7,365 12,461 17,558    
Interbank Borrowing INR mil     5,130 10,448 17,682 9,343 1,004    
Customer Deposits INR mil     0 0 0 0 59.8    
Issued Debt Securities INR mil     4,845 6,051 13,536 20,963 28,391    
ratios                  
ROE %     11.8 16.9 13.7 14.3 13.8    
ROA %     2.92 3.40 2.50 2.78 2.82    
Costs (As % Of Assets) %     9.23 7.48 7.46 7.44 7.25    
Costs (As % Of Income) %     66.8 57.7 63.5 62.2 61.7    
Capital Adequacy Ratio %     27.3 22.7 24.2 21.2 18.2   ...
Net Interest Margin %     11.7 11.3 9.99 9.93 9.66    
Interest Income (As % Of Revenues) %     84.9 87.4 85.1 83.1 82.2    
Fee Income (As % Of Revenues) %     10.9 8.88 9.13 11.7 12.8    
Equity (As % Of Assets) %     23.4 17.9 18.5 20.0 20.7    
Loans (As % Of Deposits) % ... ... ... ... ... ... 1,772    
Loans (As % Assets) %     0.700 0.757 0.692 1.07 1.25    
valuation                  
Market Capitalisation (End Of Period) USD mil ... ... ... ... ... ... 744    
Number Of Shares (Average) mil     66.2 69.7 71.4 96.4 121    
Share Price (End Of Period) INR ... ... ... ... ... ... 416    
Earnings Per Share (EPS) INR     4.97 8.38 10.6 14.7 17.1    
Book Value Per Share INR     48.1 53.4 103 129 145    
Dividend Per Share INR     0.250 0.500 0.500 0.650 0.800    
Price/Earnings (P/E) ... ... ... ... ... ... 24.3    
Price/Book Value (P/BV) ... ... ... ... ... ... 2.88    
Dividend Yield % ... ... ... ... ... ... 0.192    
Earnings Per Share Growth % ...   15,459 68.6 26.7 38.5 16.3    
Book Value Per Share Growth % ...   -16.7 11.2 93.1 25.3 11.9    
income statement Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                  
Interest Income INR mil     2,099 3,289 5,577 8,986 12,395    
Interest Cost INR mil     779 1,344 2,552 3,922 5,291    
Net Interest Income INR mil     1,320 1,945 3,025 5,064 7,104    
Net Fee Income INR mil     170 198 325 713 1,102    
Other Income INR mil     65.5 83.8 206 320 433    
Total Revenues INR mil     1,555 2,226 3,556 6,097 8,638    
Operating Cost INR mil     1,040 1,285 2,259 3,794 5,329    
Operating Profit INR mil     516 942 1,297 2,303 3,310    
Pre-Tax Profit INR mil     477 888 1,145 2,181 3,217    
Tax INR mil     148 304 387 764 1,141    
Minorities INR mil     0 0 0 0 0    
Net Profit INR mil     329 584 758 1,417 2,077    
Dividends INR mil     15.4 32.8 33.7 59.9 93.6    
growth rates                  
Net Interest Income Growth % ...   63.3 47.3 55.5 67.4 40.3    
Net Fee Income Growth % ...   34.1 16.5 64.1 120 54.5    
Total Revenue Growth % ...   54.8 43.2 59.7 71.5 41.7    
Operating Cost Growth % ...   8.87 23.6 75.8 68.0 40.5    
Operating Profit Growth % ...   932 82.6 37.8 77.6 43.7    
Pre-Tax Profit Growth % ...   -32,113 86.3 28.9 90.5 47.5    
Net Profit Growth % ...   24,614 77.7 29.7 87.0 46.5    
market share                  
Market Share in Revenues % ...   < 0.001 < 0.001 < 0.001 < 0.001 < 0.001   ...
Market Share in Net Profit % ...   < 0.001 < 0.001 < 0.001 < 0.001 ... ... ...
balance sheet Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                  
Cash INR mil     1,786 3,945 6,448 7,024 7,601    
Interbank Loans INR mil     1.00 1.01 1.01 7,234 14,467    
Customer Loans INR mil     95.0 157 275 667 1,059    
Debt Securities INR mil     9,474 13,876 26,299 13,488 677    
Fixed Assets INR mil     111 127 179 789 1,398    
Total Assets INR mil     13,569 20,787 39,763 62,274 84,786    
Shareholders' Equity INR mil     3,180 3,725 7,365 12,461 17,558    
Liabilities INR mil     10,389 17,062 32,398 49,813 67,228    
Interbank Borrowing INR mil     5,130 10,448 17,682 9,343 1,004    
Customer Deposits INR mil     0 0 0 0 59.8    
Issued Debt Securities INR mil     4,845 6,051 13,536 20,963 28,391    
Other Liabilities INR mil     414 562 1,180 19,477 37,773    
asset quality                  
Gross Loans INR mil ... ... ... ... ... ... ...    
Total Provisions INR mil ... ... ... ... ... ... ...    
growth rates                  
Customer Loan Growth % ...   83.3 65.6 74.8 143 58.8    
Total Asset Growth % ...   51.6 53.2 91.3 56.6 36.1    
Shareholders' Equity Growth % ...   32.3 17.2 97.7 69.2 40.9    
Customer Deposit Growth % ... ... ... ... ... ... ...    
market share                  
Market Share in Customer Loans %     < 0.001 < 0.001 < 0.001 < 0.001 0.001   ...
Market Share in Total Assets %     0.016 0.021 0.036 0.049 0.060   ...
Market Share in Customer Deposits %     0 0 0 0 < 0.001   ...
ratios Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                  
ROE %     11.8 16.9 13.7 14.3 13.8    
ROA %     2.92 3.40 2.50 2.78 2.82    
Costs (As % Of Assets) %     9.23 7.48 7.46 7.44 7.25    
Costs (As % Of Income) %     66.8 57.7 63.5 62.2 61.7    
Capital Adequacy Ratio %     27.3 22.7 24.2 21.2 18.2   ...
Tier 1 Ratio %     27.0 21.8 21.7 19.6 17.5   ...
Net Interest Margin %     11.7 11.3 9.99 9.93 9.66    
Interest Spread % ...   9.44 9.35 8.10 8.07 7.82    
Asset Yield %     18.6 19.1 18.4 17.6 16.9    
Cost Of Liabilities % ...   9.19 9.79 10.3 9.54 9.04    
Payout Ratio %     4.69 5.61 4.45 4.23 4.51    
Interest Income (As % Of Revenues) %     84.9 87.4 85.1 83.1 82.2    
Fee Income (As % Of Revenues) %     10.9 8.88 9.13 11.7 12.8    
Other Income (As % Of Revenues) %     4.21 3.76 5.81 5.25 5.02    
Equity (As % Of Assets) %     23.4 17.9 18.5 20.0 20.7    
Loans (As % Of Deposits) % ... ... ... ... ... ... 1,772    
Loans (As % Assets) %     0.700 0.757 0.692 1.07 1.25    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...    

Get all company financials in excel:

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Ujjivan Financial's price/earnings (P/E) fell 9.84% yoy to 18.4 in 3Q2019

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services stock traded at INR 314 per share at the end third quarter of 2019 implying a market capitalization of USD 541 mil. Since the end of 3Q2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the val...

Ujjivan Financial's net interest margin rose 4.76% yoy to 10.4% in 3Q2019

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services's net interest margin amounted to 10.4% in the third quarter of 2019, up from 10.0% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 11.6% in 1Q2018 and an all time low...

Ujjivan Financial's equity (as % of assets) fell 18.5% yoy to 12.5% in 3Q2019

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services's Equity reached 6.34% of total assets in the 3Q2019, down from 6.40% for the previous year. As a share of net customer loans, the ratio amounted to 11.3% at the end of the third quarter of 2019. ...

Ujjivan Financial's net profit rose 480% to INR 1,504 mil in 2018

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services made a net profit of INR 1,504 mil under revenues of INR 12,266 mil in 2018, up 480% and 34.1% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of INR 2,077 mil in 2016 and an all time low...

Ujjivan Financial's net interest margin rose 3.97% to 9.31% in 2018

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services's net interest margin amounted to 9.31% in 2018, up from 8.96% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.7% in 2012 and an all time low of 8.96% in 2017. The ave...

Ujjivan Financial's net interest income rose 36.0% to INR 10,967 mil in 2018

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services generated total banking revenues of INR 12,266 mil in 2018, up 34.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 12,266 mil...

Ujjivan Financial's customer loans rose 49.3% to INR 73,226 mil in 2018

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services's customer loans reached INR 73,226 mil in 2017, up 6,814% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Ujjivan Financial Servic...

Ujjivan Financial's customer deposits rose 92.4% to INR 37,726 mil in 2018

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services's customer deposits reached INR 37,726 mil in 2017, up 63,026% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Ujjivan Financia...

Ujjivan Financial's total revenues rose 34.1% to INR 9,147 mil in 2018

By Helgi Analytics - November 05, 2019

Ujjivan Financial Services generated total banking revenues of INR 9,147 mil in 2017, up 5.88% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the las...

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Ujjivan Financial Services Logo

Finance

Ujjivan Financial Services has been growing its revenues and asset by 26.2% and 31.1% a year on average in the last 3 years. Its loans and deposits have grown by 447% and 0% a year during that time and loans to deposits ratio reached 151% at the end of 2018. The company achieved an average return on equity of 7.89% in the last three years with net profit growing 2.01% a year on average. In terms of operating efficiency, its cost to income ratio reached 88.2% in 2018, compared to 82.7% average in the last three years.

Equity represented 13.4% of total assets or 17.2% of loans at the end of 2018. Ujjivan Financial Services's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.

Valuation

Ujjivan Financial Services stock traded at INR 347 per share at the end of 2018 resulting in a market capitalization of USD 604 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 7.89% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 28.0x and price to book value (PBV) of 2.24x in 2018.