Ujjivan Small Finance Bank

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• DebtLook closerRated AA- by CARE.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 28% and profit rose 199% from a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 0% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 9.3 times its yearly earnings (P/E), pricier than 56% of the time in the last 4 years. Its usual P/E is about 13.

Ujjivan Small Finance Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)9.3 against a typical 14.6: cheaper than most peers (1st = cheapest).4th of 9
• Sales growth+28% against a typical +22.6% from a year earlier.2nd of 9
• Profit growth+199.2% against a typical +83.6% from a year earlier.1st of 6
• Share price, 3 months−20.2% against a typical −18.3%.6th of 9
• Size₹ 11,267.4 Cr. market value against a typical ₹ 2,133.4 Cr. (1st = largest).2nd of 9

Exchange filings and their impact on the company.

• 22 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactVery positivePrice −6.3% on 23 Oct
  Record Q2 profit with 32% loan growth and stable asset quality plus Rs 409 cr capital raise supports continued high growth.

  Ujjivan Small Finance Bank filed the transcript of its Q2 and H1 FY27 earnings call held on October 16, 2026. The bank reported deposits crossing Rs 50,643 crores, up 29.2%, loans of Rs 45,699 crores, up 32.1%, NII up 35% to Rs 1,244 crores, NIM at 8.45% and record quarterly profit of Rs 365 crores with GNPA at 2.1% and NNPA at 0.3%. Management also disclosed a board-approved Rs 409 crores preferential equity raise to IFC, Bajaj Life, HDFC Life and Aditya Birla Sun Life, which would lift CRAR by about 1.2% to 20.69% on a pro forma basis, and guided that full-year ROA could overshoot its range.

  Full analysisFiling
• 16 Oct 2026General UpdatesLow impactNeutralPrice −0.1% on 19 Oct
  Bank granted ~1.35 cr employee stock options (~0.7% dilution) with only marginal near-term earnings impact.

  On October 16, 2026, Ujjivan Small Finance Bank's Nomination and Remuneration Committee approved grant of 1,32,77,429 options under its ESOP Scheme 2019 and 2,44,111 options under RSU Plan 2026. Together this is about 1.35 crore shares, or around 0.7% of outstanding equity. The grant is a routine employee retention measure with only a small potential dilution and ESOP cost over the next year.

  Full analysisFiling
• 16 Oct 2026General UpdatesMedium impactPositivePrice −1.9% that day
  Bank formalises IFC preferential investment, locking in growth capital with modest dilution.

  Ujjivan Small Finance Bank has signed a subscription agreement and a policy agreement with International Finance Corporation for the preferential share issue approved by its board on October 16, 2026. The agreements make IFC a proposed allottee and commit the bank to IFC's standard requirements for its investee companies. The IFC investment will strengthen capital to support loan growth with only modest dilution.

  Full analysisFiling
• 16 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −1.9% that day
  Ujjivan SFB to raise ~Rs 409 cr via preferential shares to IFC/QIBs at Rs 64.73, boosting capital for growth with ~3% dilution.

  Ujjivan Small Finance Bank's board on Oct 16, 2026 approved issuing up to 6.32 crore shares at Rs 64.73 each to raise up to ~Rs 409.04 crore via preferential allotment to qualified institutional buyers including International Finance Corporation. It also approved a subscription agreement and policy agreement with IFC and called an EGM on Nov 13, 2026 for shareholder approval. The raise at a premium to the ~Rs 61.5 market price will strengthen capital adequacy to support loan growth with about 3% equity dilution.

  Full analysisFiling
• 15 Oct 2026General UpdatesLow impactPositivePrice −1.9% on 16 Oct
  Bank sold Rs 500 cr of unsecured PSL loans for cash, adding liquidity and trimming unsecured risk.

  Ujjivan Small Finance Bank said on October 15, 2026 it completed a direct assignment of unsecured standard loans that qualify as priority-sector lending. The bank has received the first tranche of Rs 500 crore. The sale brings in cash, frees up capital and reduces exposure to unsecured loans, with only a small net effect on profit over the next year.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sanjeev Nautiyal

Chief Executive Officer, Managing Director, Executive Director

Sadananda Balakrishna Kamath

Chief Financial Officer

Martin Pampilly S.

Chief Operating Officer

Mangesh Ramesh Mahale

Chief Technology Officer

Lakshman Velayutham

Chief Marketing Officer

Rajaneesh Hosakoppa Rudresha

Chief Compliance Officer

Brajesh Joseph Cherian

Chief Risk Officer

Carol Kripanayana Furtado

Whole-Time Director