Union Bank of India (UNIONBANK) — share price & stock analysis

Market cap

₹1,33,496 Cr

P/BV

1×

ROE

15.7%

vs own 10-yr valuation

90th pctile

Book value / share

₹175

EPS (TTM)

₹25.3

10-yr median P/BV

0.4×

Revenue (FY26)

₹1,06,799 Cr

Profit after tax (FY26)

₹19,430 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 16% — a genuinely good bank; GNPA 3.1% — still elevated; 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.

The price is tracking the earnings — no froth, no gift

Since Jun 2016, the stock is up 45% and earnings per share are up 29% — 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× means the market is paying up — this is the expensive end of its own 10-year history (90th percentile).pb_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots (the window starts at the first stable snapshot — earlier IPO-era share-count revisions are excluded, since they are not earnings events); 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 (0.4×).

An uptrend that has held for 60 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 60 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹164 today) and its strength against the index is still improving — 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 47 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

A business that went through the fire — losses in FY18 and FY19 and FY20, records now

Over 12 years, income went from ₹29,394 Cr to ₹1,06,799 Cr (about 11% a year), and profit from ₹1,687 Cr to ₹19,430 Cr.revenuenet_profit

The books show real losses in FY18 and FY19 and FY20 (worst: ₹−5,212 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

Interest income fell 4% — the book is shrinking or repricing down

Mar 26 income was ₹26,676 Cr, down 4% 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 34% and is mending

Of every ₹100 of interest the bank earns, ₹64 goes straight out as interest on deposits and borrowings. It keeps ₹36 — up 2 points from a year ago.revenueinterest_expense

The visible arc: squeezed from 38% down to 34% (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 7.5% (Mar 23) to 3.1%

₹3.1 of every ₹100 lent is currently stuck with borrowers who’ve stopped paying — down from ₹7.5 at the Mar 23 worst. After the money already set aside, the true exposure is 0.5%.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 grew 10% year on year

Mar 26 profit was ₹5,504 Cr, up 10% on last year — earnings per share of ₹7.21.net_profiteps

You are paying near the top of its own range

Today you pay ₹1.00 for every ₹1 of book value, against a long-run median of ₹0.40. It has traded cheaper than this only 90% of the time since 2016.pb_ratio

Big money is quietly accumulating

Promoters hold 74.8%, essentially unchanged. Foreign funds own 9.4%, domestic funds 11.5%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

The numbers earn a deeper study — and watch the one thing that matters

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

Best thing in the data: bad loans improving (3.9% → 3.1%).gross_npa_pct

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