City Union Bank
CUB NSE
City Union Bank
BanksNSE: CUB BSE: 532210 Private Bank
Key Fundamentals
SmallcapPrivate BankBanksMarket Cap
₹22,707 Cr
Volatility
Moderate
P/E Ratio
16.03
EBITDA
₹1,779 Cr
Return on Equity
12.55%
Debt to Equity
0
Book Value
₹106.63
EPS
₹14.22
52W High
₹248.85
52W Low
₹149.66
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 12.9% over last 3 years.
- Contingent liabilities of Rs.16,490 Cr.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 11.8% of profits over last 3 years
Growth Rate
Revenue Growth
17.48% higher than
3Y
Net Income Growth
18.03% higher than
3Y
Cash Flow Change
-28.88% lower than
3Y
ROE
5.73% lower than
3Y
ROCE
-7.39% lower than
3Y
EBITDA Margin (Avg.)
-1.27% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2h agoAI opinion · based on fundamentals
Risk medium
City Union Bank trades at a market cap of Rs.22,707 Cr with a PE of 16x and PB of 2.12x. The bank has delivered consistent ROE of ~13% over 3, 5, and 10-year periods, with TTM sales and profit growth accelerating to 20%, though longer-term sales growth remains modest at ~11% CAGR over five years.
Bull Case 7
- TTM revenue growth has accelerated to 20%, meaningfully above the 5-year compounded sales CAGR of 11%, indicating improving business momentum
- TTM profit growth of 20% outpaces the 10-year compounded profit CAGR of 12%, suggesting earnings trajectory is strengthening
- Stock has delivered 48% returns over the past 1 year, reflecting strong market re-rating and investor interest
- ROE has remained remarkably stable at 13% across 3-year, 5-year, and 10-year horizons, indicating consistent capital efficiency through cycles
- PE ratio of 16x is reasonable for a mid-cap bank with steady double-digit earnings growth, not stretched relative to banking sector peers
- 3-year stock CAGR of 32% demonstrates sustained wealth creation beyond just a short-term spike
- Compounded profit CAGR of 17% over 5 years outpaces the 5-year sales CAGR of 11%, indicating operating leverage and improving margins
Bear Case 8
- 5-year compounded sales growth of only 10.7% is below average for mid-cap Indian banks, signaling limited franchise expansion
- Contingent liabilities stand at Rs.16,490 Cr, which is roughly 73% of the bank's market cap of Rs.22,707 Cr — a material overhang if even partially crystallized
- 3-year ROE of 12.9% is modest for a bank trading at 2.12x book value, raising questions about whether the valuation premium is justified
- Low interest coverage ratio suggests the bank's earnings buffer against debt servicing obligations is thin, a risk factor in a rising rate or stress environment
- Dividend payout of just 11.8% of profits over the last 3 years offers minimal income return, with dividend yield at only 0.88%
- Potential capitalization of interest costs could mean reported profits overstate true operating performance
- 10-year compounded sales CAGR of only 9% reflects a structurally slower growth trajectory compared to faster-growing private and small finance banks
- PB ratio of 2.12x is elevated for a bank generating only ~13% ROE, as a PB above 2x typically demands ROE closer to 15-18% for comfort
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Positives 1
- Dividend & QIP approved at AGM Aug 18
Shareholders approved ₹2/share dividend and authorized a Qualified Institutional Placement at the Aug 14 AGM, with 559M+ votes cast and resolutions passing by over 99% margins.
Neutral 1
- Active investor engagement roadshow Aug 27
CUB is participating in multiple analyst/investor events — Elara India Dialogue 2026 in Mumbai on Sep 1 and Axis Capital India Corporate Day 2026 in Singapore on Aug 18 — signaling proactive investor outreach.
TL;DR: City Union Bank is in a steady phase with no notable headwinds emerging from recent news. The AGM saw strong shareholder support for a ₹2/share dividend and QIP authorization, providing flexibility for future capital raising. Active participation in investor conferences in Mumbai and Singapore signals management's focus on broadening the investor base. The forward outlook hinges on whether CUB executes the QIP and how it deploys the capital for growth.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,266 | 1,304 | 1,326 | 1,374 | 1,389 | 1,434 | 1,479 | 1,533 | 1,605 | 1,653 | 1,756 | 1,856 | 1,985 |
| Expenses | 452 | 390 | 391 | 402 | 403 | 451 | 455 | 489 | 488 | 512 | 580 | 617 | 561 |
| Financing Profit | 71 | 149 | 125 | 145 | 142 | 132 | 133 | 112 | 137 | 154 | 172 | 169 | 259 |
| Fin. Margin % | 6% | 11% | 9% | 11% | 10% | 9% | 9% | 7% | 9% | 9% | 10% | 9% | 13% |
| Other Income | 191 | 182 | 193 | 175 | 192 | 226 | 228 | 251 | 244 | 259 | 245 | 290 | 244 |
| Interest | 744 | 766 | 810 | 828 | 843 | 851 | 891 | 932 | 980 | 987 | 1,004 | 1,070 | 1,165 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 262 | 331 | 318 | 320 | 334 | 358 | 361 | 363 | 381 | 414 | 417 | 460 | 503 |
| Tax % | 13% | 15% | 20% | 20% | 21% | 20% | 21% | 21% | 20% | 21% | 20% | 22% | 24% |
| Net Profit | 227 | 281 | 253 | 255 | 264 | 285 | 286 | 288 | 306 | 329 | 332 | 360 | 383 |
| EPS in Rs | 2.3 | 2.84 | 2.56 | 2.58 | 2.68 | 2.89 | 2.89 | 2.91 | 3.1 | 3.33 | 3.36 | 3.63 | 3.86 |
| Gross NPA % | 4.91% | 4.66% | 4.47% | 3.99% | 3.88% | 3.54% | 3.36% | 3.09% | 2.99% | 2.42% | 2.17% | 1.91% | 1.73% |
| Net NPA % | 2.51% | 2.34% | 2.19% | 1.97% | 1.87% | 1.62% | 1.42% | 1.25% | 1.2% | 0.9% | 0.78% | 0.68% | 0.61% |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,699 | 2,944 | 3,174 | 3,402 | 3,767 | 4,169 | 4,135 | 4,105 | 4,714 | 5,271 | 5,834 | 6,870 | 7,249 |
| Expenses | 655 | 736 | 937 | 1,120 | 1,140 | 1,690 | 1,738 | 1,605 | 1,723 | 1,559 | 1,716 | 2,090 | 2,270 |
| Financing Profit | 153 | 245 | 262 | 310 | 472 | -15 | 92 | 311 | 440 | 564 | 600 | 740 | 754 |
| Fin. Margin % | 6% | 8% | 8% | 9% | 13% | 0% | 2% | 8% | 9% | 11% | 10% | 11% | 10% |
| Other Income | 415 | 410 | 484 | 532 | 514 | 680 | 689 | 759 | 810 | 742 | 898 | 1,039 | 1,039 |
| Interest | 1,891 | 1,963 | 1,975 | 1,972 | 2,156 | 2,493 | 2,305 | 2,188 | 2,552 | 3,147 | 3,518 | 4,040 | 4,225 |
| Depreciation | 47 | 52 | 53 | 52 | 62 | 79 | 87 | 85 | 73 | 75 | 82 | 107 | 0 |
| PBT | 521 | 603 | 693 | 790 | 925 | 586 | 693 | 985 | 1,177 | 1,231 | 1,417 | 1,671 | 1,793 |
| Tax % | 24% | 26% | 27% | 25% | 26% | 19% | 14% | 23% | 20% | 17% | 21% | 21% | — |
| Net Profit | 395 | 445 | 503 | 592 | 683 | 476 | 593 | 760 | 937 | 1,016 | 1,124 | 1,326 | 1,403 |
| EPS in Rs | 4.1 | 4.61 | 5.18 | 6.07 | 6.97 | 4.85 | 6.02 | 7.71 | 9.5 | 10.28 | 11.37 | 13.39 | 14.18 |
| Div. Payout % | 17% | 16% | 4% | 3% | 5% | 8% | 6% | 10% | 8% | 11% | 13% | 11% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 66 | 73 | 74 | 74 | 74 | 74 | 74 | 74 | 74 |
| Reserves | 2,636 | 2,992 | 3,510 | 4,097 | 4,767 | 5,222 | 5,769 | 6,512 | 7,383 | 8,327 | 9,393 | 10,491 |
| Borrowing | 129 | 665 | 531 | 1,736 | 481 | 2,032 | 1,346 | 5,312 | 4,688 | 4,724 | 2,169 | 5,327 |
| Deposits | 24,115 | 27,158 | 30,116 | 32,853 | 38,448 | 40,832 | 44,537 | 47,690 | 52,398 | 55,657 | 63,526 | 78,308 |
| Other Liabilities | 932 | 929 | 1,054 | 1,186 | 1,489 | 1,573 | 1,586 | 1,944 | 2,051 | 2,044 | 2,461 | 2,825 |
| Total Liabilities | 27,871 | 31,804 | 35,271 | 39,937 | 45,259 | 49,734 | 53,312 | 61,531 | 66,595 | 70,826 | 77,623 | 97,024 |
| Fixed Assets | 210 | 218 | 215 | 223 | 250 | 245 | 233 | 215 | 239 | 270 | 322 | 469 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5,871 | 6,826 | 7,031 | 7,879 | 7,712 | 9,117 | 9,436 | 12,221 | 14,333 | 15,664 | 17,336 | 18,987 |
| Other Assets | 21,790 | 24,760 | 28,024 | 31,835 | 37,297 | 40,372 | 43,643 | 49,095 | 52,023 | 54,891 | 59,965 | 77,569 |
| Total Assets | 27,871 | 31,804 | 35,271 | 39,937 | 45,259 | 49,734 | 53,312 | 61,531 | 66,595 | 70,826 | 77,623 | 97,024 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 131 | 248 | 284 | -183 | 419 | 1,836 | 922 | 1,166 | 724 | 436 | 1,128 | 802 |
| Investing | -64 | -60 | -50 | -61 | -87 | -60 | -38 | -63 | -72 | -106 | -120 | -208 |
| Financing | 291 | -75 | -4 | 1 | -5 | -18 | 10 | -31 | -690 | -36 | -2,662 | 3,042 |
| Net Cash Flow | 357 | 113 | 229 | -243 | 327 | 1,758 | 893 | 1,072 | -38 | 294 | -1,653 | 3,637 |
| Free Cash Flow | 66 | 188 | 233 | -244 | 332 | 1,777 | 884 | 1,103 | 652 | 330 | 1,009 | 595 |
| CFO/OP | 14 | 10 | 17 | -3 | 23 | 73 | 41 | 47 | 31 | 16 | 32 | 22 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 16% | 15% | 15% | 15% | 15% | 9% | 11% | 12% | 13% | 13% | 13% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view City Union Bank insights
66 extracted metrics + investor summaries across FY11–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
11 Sep - RBI gave no-objection for City Union Bank’s MOA and AOA amendments, including authorised capital terms. 11 Sep - RBI gave no-objection for City Union Bank’s MOA and AOA amendments, including authorised capital terms.
2
Approval Of RBI To Kotak Mahindra Bank Limited For Acquisition Of Major Shareholding In City Union Bank Limited
7 May - RBI approved Kotak Mahindra Bank’s acquisition of up to 9.99% in City Union Bank. 7 May - RBI approved Kotak Mahindra Bank’s acquisition of up to 9.99% in City Union Bank.
3
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 May - Transcripts of the Earnings Conference Call - Q4 & FY 2026 4 May - Transcripts of the Earnings Conference Call - Q4 & FY 2026
4
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 May - Transcripts of the Earnings Conference Call - Q4 & FY 2026 4 May - Transcripts of the Earnings Conference Call - Q4 & FY 2026
5
Announcement under Regulation 30 (LODR)-Change in Directorate
1 May - Shri R. Vijay Anandh appointed Managing Director and CEO effective May 1, 2026 for three years. 1 May - Shri R. Vijay Anandh appointed Managing Director and CEO effective May 1, 2026 for three years.
Frequently Asked Questions about City Union Bank
What does City Union Bank Ltd do?
City Union Bank Limited is a banking company. The Bank's segments include Treasury, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations.(Source : Company Web-site )
Where is City Union Bank Ltd (CUB) listed?
City Union Bank Ltd trades as CUB on the NSE and under code 532210 on the BSE.
Which sector does City Union Bank Ltd belong to?
City Union Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the market capitalisation of City Union Bank Ltd?
City Union Bank Ltd has a market capitalisation of ₹22,707 Cr, which places it in the Large Cap band.
What is the PE ratio of City Union Bank Ltd?
City Union Bank Ltd trades at a PE ratio of 16.03, on earnings per share of ₹14.22, against a book value of ₹106.63 per share.
What is the 52-week high and low of City Union Bank Ltd?
Over the last 52 weeks City Union Bank Ltd has traded between ₹149.66 and ₹248.85.
Does City Union Bank Ltd pay dividends?
City Union Bank Ltd has a dividend yield of 0.88%.
What is the Return on Equity (ROE) of City Union Bank Ltd?
City Union Bank Ltd reported a return on equity of 12.55%. Its debt-to-equity ratio is 0.00.
Company Information
City Union Bank Limited is a banking company. The Bank's segments include Treasury, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations.(Source : Company Web-site )
Website cityunionbank.com
CEO Dr. N. V. Narayanan Kamakodi B.Tech., CAIIB, M.B.A., Ph.D.
Employees 7,605
Listed 1998-08-25
Face Value ₹ 1
Issued Size 74,20,98,317
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