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Union Bank of India

UNIONBANK NSE
₹183.89 +0.69 (+0.38%)
P/E
6.38
View as Markdown
MCP
Close 4 Nov 2026 ₹183.89 +33.74 +22.5% 1Y
Start ₹150.15

Key Fundamentals

LargecapBanksFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

EPS (TTM)
₹28.82
Book Value
₹179.59
Market Cap
—
P/E (TTM)
6.38
P/B
1.02
ROE
15.70%
Dividend Yield
2.73%
52W High
₹205.49
52W Low
₹145.87
Day Range
₹180.88 – ₹183.89
Volume
1,24,41,148
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Public Sector Bank

Union Bank of India peer comparison
SBI
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India (this company)
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
Median 7 companies₹183.896.98₹1,25,618 Cr1.022.73%15.40%—₹1,30,895 Cr₹20,314 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
50
Average
Returns, margins, earnings quality 22% weight
Valuation
68
Strong
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
75
Strong
Solvency, leverage, coverage 9% weight
Momentum
59
Good
Trend strength, vol-adjusted 12% weight
Ownership
55
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Stock is trading at 0.99 times its book value
  • Company has delivered good profit growth of 46.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.9%

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.03% over past five years.
  • Contingent liabilities of Rs.6,97,277 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish0712
OscillatorsBullish072
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
57.13
Neutral
MACD (12,26,9)
2.41
Bullish
SMA (50)
179.41
Bullish
SMA (200)
176.57
Bullish

As of

Analyst Rating

Based on 16 analysts
BUY69%

11 of 16 analysts rate Buy, 3 Hold, 2 Sell.

As of

BUY
11
69%
HOLD
3
19%
SELL
2
13%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+12.70%
5Y+9.03%
3Y+9.58%
1Y+0.19%
TTM+1.30%

Net profit

Net profit growth by window
10Y+30.59%
5Y+46.67%
3Y+31.67%
1Y+7.78%
TTM+19.00%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹32,817 Cr
Mar 2018₹32,952 Cr
Mar 2019₹34,314 Cr
Mar 2020₹37,479 Cr
Mar 2021₹69,311 Cr
Mar 2022₹68,230 Cr
Mar 2023₹81,163 Cr
Mar 2024₹1,00,376 Cr
Mar 2025₹1,06,600 Cr
Mar 2026₹1,06,799 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹573 Cr
Mar 2018−₹5,212 Cr
Mar 2019−₹2,922 Cr
Mar 2020−₹3,121 Cr
Mar 2021₹2,863 Cr
Mar 2022₹5,265 Cr
Mar 2023₹8,512 Cr
Mar 2024₹13,797 Cr
Mar 2025₹18,027 Cr
Mar 2026₹19,430 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹5.99 −20.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Union Bank of India trades at a P/E of 6.36 and a P/B of 1.02 as of 2026-11-03, with a market capitalization of ₹1,41,939 Cr. The bank has delivered strong profit compounding of 47% CAGR over five years and an ROE of 14.06%, but faces headwinds from sluggish revenue growth at 1% TTM and large contingent liabilities of ₹6,97,277 Cr.

Bull Case 8
  • P/E ratio of 6.36 is well below the broader market and banking sector averages, suggesting the stock is priced at a meaningful discount to earnings
  • Compounded profit growth of 47% CAGR over 5 years and 32% over 3 years reflects a sustained turnaround in profitability
  • Stock trades at 1.02x book value (P/B), close to par, which is inexpensive for a bank generating a 14.06% ROE
  • Dividend yield of 2.69% with a healthy payout ratio of 19.9% offers meaningful income to shareholders
  • ROE has improved from a 10-year average of 9% to 16% over the last year, indicating structural improvement in return on equity
  • Stock CAGR of 30% over 5 years and 28% over 1 year shows strong price momentum and market re-rating
  • Current price of ₹183.2 is 10.8% below its 52-week high of ₹205.49, providing a potential entry zone relative to recent highs
  • 10-year compounded profit growth of 30% demonstrates long-term earnings recovery from the NPA cycle lows
Bear Case 8
  • Contingent liabilities stand at ₹6,97,277 Cr, which is roughly 4.9x the bank's market cap of ₹1,41,939 Cr — a significant off-balance-sheet risk
  • TTM sales growth has decelerated sharply to just 1%, down from 10% over 3 years, signalling stalling top-line momentum
  • 5-year compounded sales growth of only 9% is modest for a large PSU bank, suggesting limited loan book or NII expansion
  • Low interest coverage ratio indicates the bank's earnings may be vulnerable to interest rate volatility and rising cost of funds
  • Potential capitalisation of interest costs raises questions about the true quality of reported earnings and asset carrying values
  • ROCE of 5.91% is low in absolute terms, reflecting the capital-intensive and leveraged nature of the business with thin returns on total capital employed
  • 10-year stock CAGR of only 2% highlights that long-term shareholders have seen minimal compounding despite the recent rally
  • TTM profit growth has moderated to 19% from 32% over 3 years and 47% over 5 years, suggesting the high-growth phase of the earnings recovery may be tapering off

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Union Bank of India's recent news flow is largely operational with no material negative developments. The bank's strategic push to lift CASA ratio to 36% and NIM above 3% signals management focus on profitability improvement. Debt obligations remain routine with a ₹750 crore Tier II bond redemption upcoming in November. The outlook hinges on execution of margin expansion targets amid a competitive deposit environment.

Positives 1
  • Targets higher CASA and NIM Oct 19

    Union Bank targets improving CASA ratio to 36% and raising net interest margin above 3%, focusing on optimizing funding costs and asset yields for sustained profit margin enhancement.

Neutral 2
  • ₹750 Cr Tier II bond redemption Oct 30

    Union Bank will redeem ₹750 crore in Tier II bonds (7.74% coupon) on November 23, 2026, with a record date of November 9.

  • ₹16,083 Cr debt securities outstanding Oct 7

    Union Bank disclosed ₹16,083 crore in debt securities outstanding as of September 30, 2026, including perpetual bonds and long-term notes with coupons up to 8.93%.

Quarterly Results

₹ Cr
UNIONBANK quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
24,732
25,521
26,510
26,527
26,887
27,135
27,869
27,475
26,665
26,819
26,676
27,427
28,378
Expenses
7,962
8,012
9,365
9,367
8,686
8,096
9,673
8,844
9,056
7,994
8,744
8,388
8,410
Financing Profit
1,271
1,273
179
156
480
1,274
−49
400
−98
1,455
927
1,834
2,355
Fin. Margin %
5%
5%
1%
1%
2%
5%
0%
1%
0%
5%
3%
7%
8%
Other Income
4,221
4,281
5,102
4,799
5,926
4,614
6,223
4,869
5,550
5,183
5,999
5,233
5,094
Interest
15,498
16,236
16,966
17,004
17,720
17,765
18,245
18,231
17,707
17,370
17,005
17,206
17,612
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
5,492
5,554
5,281
4,954
6,406
5,889
6,175
5,269
5,453
6,638
6,926
7,067
7,449
Tax %
35%
35%
37%
27%
26%
22%
19%
21%
21%
24%
23%
24%
25%
Net Profit
3,548
3,610
3,310
3,601
4,722
4,597
5,001
4,137
4,281
5,073
5,334
5,368
5,570
EPS (₹)
4.82
4.89
4.36
4.77
6.22
6.06
6.56
5.8
5.8
6.65
7.21
7.39
7.57

Profit & Loss

₹ Cr
UNIONBANK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
32,164
32,316
32,817
32,952
34,314
37,479
69,311
68,230
81,163
1,00,376
1,08,417
1,06,799
1,09,300
Expenses
9,498
10,349
13,871
21,181
19,019
21,166
36,270
32,264
36,155
32,422
34,738
33,434
33,536
Financing Profit
−973
−1,928
−4,830
−11,700
−8,601
−9,523
−11,071
−4,213
−3,024
4,590
2,946
3,888
6,571
Fin. Margin %
−3%
−6%
−15%
−36%
−25%
−25%
−16%
−6%
−4%
5%
3%
4%
6%
Other Income
3,957
3,934
5,430
5,462
5,042
5,789
14,307
13,524
15,915
17,813
21,562
21,601
21,508
Interest
23,640
23,894
23,776
23,471
23,896
25,837
44,112
40,178
48,033
63,364
70,733
69,477
69,193
Depreciation
225
249
241
368
374
417
908
745
745
896
1,084
1,204
0
PBT
2,759
1,758
359
−6,607
−3,933
−4,151
2,327
8,566
12,147
21,507
23,424
24,284
28,079
Tax %
36%
24%
−58%
−21%
−25%
−27%
−22%
39%
31%
36%
23%
23%
—
Net Profit
1,771
1,347
573
−5,212
−2,922
−3,121
2,863
5,265
8,512
13,797
17,921
18,781
21,999
EPS (₹)
27.69
19.73
8.33
−44.61
−16.58
−9.12
4.47
7.7
12.45
18.07
23.62
25.45
28.82
Div. Payout %
22%
10%
0%
0%
0%
0%
0%
25%
24%
20%
20%
20%
—

Balance Sheet

₹ Cr
UNIONBANK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
636
687
687
1,169
1,763
3,423
6,407
6,835
6,835
7,634
7,634
7,634
7,738
Reserves
19,263
22,361
23,406
24,083
25,073
30,567
58,331
64,026
71,969
89,964
1,06,200
1,25,918
1,36,443
Borrowing
26,628
30,637
41,226
45,680
43,276
52,714
51,922
51,245
42,737
26,974
64,992
77,798
1,01,957
Deposits
3,25,990
3,44,118
3,77,195
4,10,288
4,17,505
4,52,436
9,25,654
10,34,368
11,20,322
12,24,593
12,74,789
13,09,759
13,22,310
Other Liabilities
11,048
9,562
13,167
9,900
10,964
16,369
40,063
37,292
46,495
52,831
57,714
66,395
56,419
Total Liabilities
3,83,566
4,07,365
4,55,681
4,91,120
4,98,581
5,55,509
10,82,377
11,93,766
12,88,357
14,01,996
15,11,329
15,87,503
16,24,866
Fixed Assets
2,690
3,939
3,896
3,824
3,743
4,734
7,303
7,171
8,826
9,224
9,765
11,596
11,651
CWIP
4
13
21
34
44
54
63
37
22
36
59
64
0
Investments
85,818
90,573
1,13,441
1,25,485
1,28,391
1,54,251
3,39,059
3,51,839
3,43,727
3,43,953
3,61,903
3,43,623
3,48,774
Other Assets
2,95,053
3,12,840
3,38,322
3,61,777
3,66,402
3,96,470
7,35,952
8,34,718
9,35,782
10,48,783
11,39,602
12,32,220
12,64,441
Total Assets
3,83,566
4,07,365
4,55,681
4,91,120
4,98,581
5,55,509
10,82,377
11,93,766
12,88,357
14,01,996
15,11,329
15,87,503
16,24,866

Cash Flow

₹ Cr
UNIONBANK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−3,567
81
−6,624
6,097
−7,778
−7,681
20,527
36,339
6,056
19,930
−204
−358
Investing
−318
−9
−280
−315
−297
−377
−601
−558
−2,561
−1,394
−19
−71
Financing
3,168
−2
10,194
10,792
1,758
20,144
−18,861
−786
−10,654
−11,489
338
77
Net Cash Flow
−718
70
3,289
16,574
−6,317
12,086
1,066
34,995
−7,159
7,047
115
−351
Free Cash Flow
−3,909
72
−6,911
5,782
−8,076
−8,058
19,926
35,897
3,673
18,624
−220
−388

Ratios

UNIONBANK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
9%
6%
2%
−21%
−11%
−10%
6%
8%
11%
16%
17%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Union Bank of India insights

88 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.76%
  • DIIs 11.64%
  • FIIs 9.40%
  • Public 3.73%
  • Others 0.48%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Union Bank of India

What does Union Bank of India do?
Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.
Where is Union Bank of India (UNIONBANK) listed?
Union Bank of India trades as UNIONBANK on the NSE and under code 532477 on the BSE.
Which sector does Union Bank of India belong to?
Union Bank of India is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of Union Bank of India?
Union Bank of India trades at a PE ratio of 6.38 as of 4 Nov 2026, on earnings per share of ₹28.82, against a book value of ₹179.59 per share.
What is the 52-week high and low of Union Bank of India?
Over the last 52 weeks Union Bank of India has traded between ₹145.87 and ₹205.49 as of 4 Nov 2026.
Does Union Bank of India pay dividends?
Union Bank of India has a dividend yield of 2.73%.
What is the Return on Equity (ROE) of Union Bank of India?
Union Bank of India reported a return on equity of 15.70%.

Company Information

Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.

Website unionbankofindia.co.in
CEO Mr. S. Ramasubramanian
Employees 73,945
Listed 24 Sep 2002
Face Value ₹10

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