Ujjivan Small Finance Bank Ltd (UJJIVANSFB) — share price & stock analysis

Market cap

₹11,926 Cr

P/BV

1.77×

ROE

10.8%

vs own 10-yr valuation

65th pctile

Book value / share

₹34.6

EPS (TTM)

₹2.55

10-yr median P/BV

1.6×

Revenue (FY26)

₹6,931 Cr

Profit after tax (FY26)

₹693 Cr

Weinstein stage

Stage 2 (60 weeks)

Data as of

1 July 2026

4 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROE 11% — below what a bank must earn to create value; GNPA 2.3% — workable, not pristine; the spread is mid-band vs its own history. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double.

What the earnings deliver, the price follows

Since Jan 2020, the stock is up 12% and earnings per share are up 13% — the price has tracked the profits, not run ahead of them.pricettm_eps

The market is paying for delivery, not promises. What you see in earnings is what you get in the price.

Today’s P/BV of 1.8× is the middle of its own range against its own history since 2020 (65th percentile) — neither a bargain nor a stretch, by its own standards.pb_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (1.6×).

Stage 2: the trend is up, and has been for 60 weeks

Price trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 60 weeks so far, confirmed.stage

The price sits above its rising 200-day average (₹54 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 69 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Out of the loss years — profitable again, still below its best

Over 11 years, income went from ₹148 Cr to ₹6,931 Cr (about 42% a year), and profit from ₹2.0 Cr to ₹693 Cr.revenuenet_profit

The books show real losses in FY22 (worst: ₹−415 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

The loan book is working — interest income grew 19%

Mar 26 income was ₹1,878 Cr, up 19% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue

The squeeze is easing — the spread bottomed at 53% and is mending

Of every ₹100 of interest the bank earns, ₹42 goes straight out as interest on deposits and borrowings. It keeps ₹58 — up 3 points from a year ago.revenueinterest_expense

The visible arc: squeezed from 62% down to 53% (Jun 25) as deposits repriced faster than loans, and recovering since. The direction matters more than the level now.interest_expense

Bad loans are healing — from a worst of 2.7% (Dec 24) to 2.3%

₹2.3 of every ₹100 lent is currently stuck with borrowers who’ve stopped paying — down from ₹2.7 at the Dec 24 worst. After the money already set aside, the true exposure is 0.4%.gross_npa_pctnet_npa_pct

Falling bad loans do double duty: less money set aside for losses flows straight back into profit — and the profit bridge this year shows exactly that. The tailwind eventually runs out; the loan book has to take over.gross_npa_pctnet_profit

Profit exploded 240% year on year

Mar 26 profit was ₹282 Cr, up 240% on last year — earnings per share of ₹1.45.net_profiteps

Priced mid-range against its own history

Today you pay ₹1.77 for every ₹1 of book value, against a long-run median of ₹1.60. It has traded cheaper than this only 65% of the time since 2020.pb_ratio

Institutions sold for years — and have been buying back since

Promoters hold 0.0%, essentially unchanged. Foreign funds own 17.2%, domestic funds 31.1%.promoters_pctfiis_pctdiis_pct

Domestic funds tell the real story: they sold from 7.1% down to 2.3% (Mar 24), and have been buying back since — now 31.1%. A completed round trip like that usually means the doubts got answered.diis_pct

Strong on the data — worth the deeper look if the story keeps its promises

The numbers lean positive, and the price is roughly fair to the delivery so far.

Best thing in the data: profit rising (₹83.0 Cr → ₹282 Cr).net_profit

Biggest worry: foreign-fund holding falling (19.5% → 17.2%).fiis_pct

One dissent worth hearing: our valuation lens reads negative — “its fair-value math says the price sits about 67% above what the numbers justify”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data