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Small finance bank originating from microfinance, lending to low-income and small-business customers across India.
Small finance bank originating from microfinance, lending to low-income and small-business customers across India.
Earns interest on small loans and fees, and funds those loans increasingly with retail deposits rather than wholesale borrowing, which lowers its funding cost. Group loans to women borrowers form the microfinance core, and credit losses flare during stress periods, so asset quality swings results. It converted from a microfinance company in 2017.
In one line: India's microfinance-turned-community bank.
Moat: narrow (distribution, process know-how). Deep microfinance underwriting expertise and branch presence among underbanked customers.
Headquarters: Bengaluru, India · Founded: 2017 · Employees: 26,555
Size Ujjivan Small Finance Bank (UJJIVANSFB.NS) is an India Financials company (Regional Banks) with a market value of $1.23B, the 539th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹59.24 on 6 Nov 2026.
Performance Over six months the shares fell 5.5%, against +8.3% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median +8.7%); the operating margin is 26.9% (peer median 38.9%).
Valuation It trades at 1.53× book value against a peer median of 1.18× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 23.8%; Ujjivan Small Finance Bank delivers 16.6%, so the price asks more than the business earns today.
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹89.6B | ₹80.4B | ₹72.4B | ₹64.7B | ₹47.5B |
| Revenue growth | — | +11% | +12% | +36% | — |
| Net income | ₹11.5B | ₹6.93B | ₹7.26B | ₹12.8B | ₹10.8B |
| Free cash flow | n/a | ₹14.4B | ₹13.0B | ₹15.2B | ₹12.8B |
| Capital expenditure | n/a | ₹1.84B | ₹1.67B | ₹2.46B | ₹1.25B |
| Total debt | ₹30.3B | ₹147B | ₹110B | ₹85.1B | ₹85.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Ujjivan Small Finance Bank UJJIVANSFB.NS | $1.23B | -5% | +21% | 17% | 1.53× | 23.8% |
| Equitas Small Finance Bank EQUITASBNK.NS | $662M | -25% | +15% | 11% | 0.95× | 15.4% |
| AU Small Finance Bank AUBANK.NS | $7.39B | -10% | +17% | 16% | 3.21× | 44.0% |
| Bandhan Bank BANDHANBNK.NS | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UJJIVANSFB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.8% | -1.1% | 5th lowest of 21 |
| 6-month return | -5.5% | +8.3% | 3rd lowest of 21 |
| Return on equity | 16.6% | 11.3% | 3rd highest of 21 |
| Price / book | 1.53× | 1.18× | 7th most expensive of 21 |
| Trailing P/E | 10.2× | 11.4× | 9th cheapest of 21 |
| ROE the price implies | 23.8% | 9.4% | most demanding of 21 |
| ROE delivered | 16.6% | 11.3% | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Ujjivan Small Finance Bank UJJIVANSFB.NS | India | $1.23B | -5% | +21% | 17% | 1.53× | 23.8% | 16.6% |
| SJF Bank A/S SJF.CO | Denmark | $1.22B | +60% | -2% | 12% | 1.71× | 6.1% | 12.0% |
| Preferred Bank PFBC | United States | $1.22B | +8% | 0% | 17% | 1.54× | 10.3% | 16.9% |
| Community Trust Bancorp CTBI | United States | $1.26B | +4% | +8% | 13% | 1.43× | 9.8% | 12.9% |
| Oita Bank 8392.T | Japan | $1.18B | +13% | +25% | 5% | 0.69× | 6.2% | 4.7% |
| Karnataka Bank KTKBANK.NS | India | $1.28B | +20% | +3% | 12% | 0.87× | 12.6% | 11.7% |
| Metropolitan Bank MCB | United States | $1.17B | +5% | +12% | 13% | 1.20× | 11.3% | 13.1% |
| Miyazaki Bank 8393.T | Japan | $1.16B | +8% | +8% | 7% | 0.77× | 6.2% | 7.0% |
| Zhongyuan Bank 1216.HK | Hong Kong | $1.31B | -15% | 0% | 4% | 0.10× | 3.3% | 3.6% |
| Heritage Financial HFWA | United States | $1.15B | +3% | +22% | 8% | 1.06× | 7.8% | 7.8% |
| TOMONY 8600.T | Japan | $1.13B | +6% | +12% | 6% | 0.60× | 4.5% | 5.9% |
| First Bank of Toyama 7184.T | Japan | $1.12B | +10% | +14% | 10% | 0.90× | 7.9% | 10.2% |
| HBT Financial HBT | United States | $1.35B | +30% | +23% | 13% | 1.78× | 10.1% | 13.2% |
| First Mid Bancshares FMBH | United States | $1.35B | +15% | +15% | 11% | 1.23× | 10.1% | 10.9% |
| Univest Financial UVSP | United States | $1.10B | +4% | +2% | 10% | 1.16× | 9.1% | 10.0% |
| Westamerica Bancorporation WABC | United States | $1.38B | +9% | -4% | 13% | 1.75× | 11.3% | 12.9% |
| Tamilnad Mercantile Bank TMB.NS | India | $1.39B | +11% | +18% | 16% | 1.22× | 14.6% | 15.6% |
| Peoples Bancorp PEBO | United States | $1.39B | +12% | 0% | 10% | 1.13× | 8.5% | 10.0% |
| Jiangsu Zijin Rural Commercial Bank 601860.SS | China | $1.39B | -6% | -9% | 6% | 0.43× | 2.9% | 5.7% |
| Five Star Bancorp FSBC | United States | $1.08B | +6% | +18% | 15% | 1.75× | 10.4% | 14.8% |
| Northeast Bank NBN | United States | $1.08B | +1% | +9% | 20% | 1.72× | 11.8% | 20.0% |