AI Summary
✦ ClarthaUjjivan Small Finance Bank is an Indian bank providing treasury, retail, and corporate or wholesale banking services. Retail banking drives deposits through savings, current, salary, NRI, and fixed-deposit accounts. Its lending franchise spans micro loans, mortgages, business loans, vehicle loans, agricultural loans, and loans against property. The latest update provides no specific operational catalyst, while revenue growth reached 12.3% year-on-year. Profit declined 4.6% despite stable margins, indicating earnings pressure from factors not reflected in headline margin movement. ROE and debt-to-equity data are unavailable, limiting assessment of capital efficiency and leverage impact. At 15.3 times earnings, valuation appears fair relative to the sector, but muted profit growth leaves the outlook dependent on credit costs, loan mix, and deposit funding.
Valuation Metrics
Trading 43.1% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.41). Confidence: 82%.
Live forward EPS implies next-12-month EPS of ₹7.30. Applying the stock's normalized valuation corridor produces a fair range of ₹68.40 to ₹86.94, with base value near ₹77.67 (+11.3% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹7.30
Forward P/E
9.6x
Base Fair Value
₹77.67
Fair Range
₹68.40 - ₹86.94
Upside To Base
+11.3%
Estimate Source
Live forward EPS
Growth Estimate
+201.9%
5Y Average
1.66
Current
1.99
Overvalued
1.91
Undervalued
1.41
5Y Average
8.46
Current
15.23
Overvalued
11.91
Undervalued
9.37
5Y Average
1.64
Current
2.95
Overvalued
1.88
Undervalued
1.39
Peers & Comparison
Sector: Financials · Theme: Private Banks
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
CITY UNION BANK LTD CUBPrivate Banks | +23.3% | 37.8% | 15.0x Premium | +35% vs avg | +38.3% |
EQUITAS SMALL FIN BNK LTD EQUITASBNKPrivate Banks | +19.2% | 10.9% | 16.9x Premium | +52% vs avg | +40.1% |
JANA SMALL FIN BANK LTD JSFBPrivate Banks | +25.1% | 12.9% | 15.0x Premium | +35% vs avg | +19.3% |
J & K BANK LTD. J&KBANKPrivate Banks | — | 34.2% | 7.4x Undervalued | -33% vs avg | +48.1% |
TAMILNAD MERCA BANK LTD TMBPrivate Banks | +18.3% | 41.2% | 9.8x Fair | -12% vs avg | +104.1% |
THE SOUTH INDIAN BANK LTD SOUTHBANKPrivate Banks | +8.6% | 29.4% | 8.2x Undervalued | -26% vs avg | +54.1% |
DCB BANK LIMITED DCBBANKPrivate Banks | +17.4% | 25.3% | 7.9x Undervalued | -29% vs avg | +50.2% |
CSB BANK LIMITED CSBBANKPrivate Banks | +16.9% | 24.1% | 8.5x Undervalued | -23% vs avg | -26.8% |
UJJIVAN SMALL FINANC BANK trades at a premium (15.2x vs peer avg 11.1x), implying higher growth or quality expectations from the Private Banks cohort. Peers include CITY UNION BANK LTD, EQUITAS SMALL FIN BNK LTD, JANA SMALL FIN BANK LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹2.19K CrMar 2026Latest net profit
₹282 CrMar 2026Net Profit
₹282 CrProfit conversionPerformance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,366 | 1,464 | 1,580 | 1,655 | 1,765 | 1,774 | 1,820 | 1,763 | 1,843 | 1,868 | 1,939 | 2,047 | 2,185 |
| Interest Earned | 1,185 | 1,287 | 1,391 | 1,471 | 1,529 | 1,577 | 1,613 | 1,591 | 1,573 | 1,619 | 1,682 | 1,752 | 1,878 |
| Other Income | 179 | 177 | 189 | 185 | 236 | 197 | 207 | 172 | 270 | 249 | 256 | 295 | 307 |
| Interest | 447 | 494 | 568 | 611 | 595 | 636 | 669 | 704 | 709 | 763 | 761 | 751 | 785 |
| Operating Expenses | 506 | 512 | 529 | 587 | 651 | 629 | 690 | 700 | 774 | 744 | 783 | 856 | 885 |
| EBITDA | 412 | 458 | 483 | 457 | 519 | 510 | 461 | 359 | 360 | 360 | 395 | 440 | 515 |
| Provisions | — | 26.11 | 46.92 | 62.91 | 79 | 110 | 151 | 223 | 264 | 225 | 235 | 195 | 144 |
| Profit before tax | 412 | 432 | 436 | 394 | 440 | 400 | 310 | 136 | 95.26 | 136 | 160 | 244 | 371 |
| Tax % | 24.97% | 24.95% | 24.91% | 23.92% | 25.01% | 24.67% | 24.9% | 20.35% | 12.46% | 23.85% | 24.06% | 24.03% | 23.95% |
| Net Profit | 310 | 324 | 328 | 300 | 330 | 301 | 233 | 109 | 83.39 | 103 | 122 | 186 | 282 |
| Gross NPA % | 2.88% | 2.62% | 2.35% | 2.18% | 2.23% | 2.52% | 2.52% | 2.68% | 2.18% | 2.52% | 2.45% | 2.38% | 2.26% |
| Net NPA % | 0.04% | 0.06% | 0.09% | 0.17% | 0.28% | 0.41% | 0.56% | 0.56% | 0.49% | 0.7% | 0.67% | 0.57% | 0.43% |
| Loans and Advances | 21,290 | — | 24,325 | — | 26,883 | — | 29,179 | — | 31,390 | — | 33,808 | — | 39,761 |
| Deposits | 25,538 | — | 29,139 | — | 31,462 | — | 34,070 | — | 37,630 | — | 39,211 | — | 45,668 |
| Borrowings | 2,641 | — | 3,733 | — | 2,171 | — | 2,622 | — | 2,845 | — | 2,962 | — | 3,736 |
| EPS in Rs | 1.47 | 1.66 | 1.68 | 1.53 | 1.71 | 1.56 | 1.21 | 0.56 | 0.43 | 0.53 | 0.63 | 0.96 | 1.45 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.