Price
Financials
Standalone, Rs crore| Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,352 | 2,073 | 2,076 | 2,005 | 2,188 | 2,155 | 2,123 | 2,068 | 2,213 | 2,374 | 2,440 | 2,411 |
| Expenses | 1,767 | 1,369 | 1,353 | 1,719 | 2,213 | 1,514 | 2,195 | 2,743 | 2,489 | 1,245 | 1,184 | 1,251 |
| Operating Profit | 585 | 704 | 723 | 286 | -25 | 642 | -71 | -675 | -276 | 1,129 | 1,255 | 1,160 |
| OPM % | 25% | 34% | 35% | 14% | -1.1% | 30% | -3.4% | -33% | -12% | 48% | 51% | 48% |
| Other Income | 321 | 779 | 509 | 478 | 448 | 395 | 477 | 778 | 735 | 629 | 574 | 561 |
| Interest | 1,850 | 1,818 | 1,699 | 1,657 | 1,674 | 1,610 | 1,681 | 1,688 | 1,607 | 1,647 | 1,667 | 1,591 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -943 | -335 | -467 | -893 | -1,252 | -574 | -1,275 | -1,585 | -1,148 | 111 | 162 | 129 |
| Tax % | -108% | -37% | -26% | -29% | -79% | -32% | -31% | -28% | -108% | 5% | 24% | 12% |
| Net Profit | 74 | -211 | -345 | -638 | -261 | -389 | -883 | -1,139 | 95 | 105 | 124 | 114 |
| EPS in Rs | 0.53 | -1.52 | -2.21 | -4.08 | -0.87 | -1.29 | -2.91 | -3.75 | 0.13 | 0.14 | 0.17 | 0.13 |
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,312 | 5,249 | 6,341 | 7,961 | 9,251 | 10,599 | 10,180 | 9,937 | 9,428 | 8,342 | 8,560 | 9,438 |
| Expenses | 1,400 | 1,441 | 2,038 | 2,294 | 3,202 | 5,257 | 3,537 | 4,356 | 4,925 | 6,534 | 8,814 | 6,170 |
| Operating Profit | 2,911 | 3,808 | 4,304 | 5,667 | 6,049 | 5,343 | 6,644 | 5,581 | 4,503 | 1,808 | -254 | 3,269 |
| OPM % | 68% | 73% | 68% | 71% | 65% | 50% | 65% | 56% | 48% | 22% | -3.0% | 35% |
| Other Income | 549 | 559 | 638 | 733 | 1,067 | 1,207 | 1,747 | 1,468 | 2,187 | 2,215 | 2,385 | 2,498 |
| Interest | 3,150 | 3,858 | 4,172 | 5,482 | 6,764 | 8,036 | 7,690 | 7,656 | 7,500 | 6,849 | 6,585 | 6,512 |
| Depreciation | 64 | 99 | 100 | 70 | 61 | 69 | 106 | 103 | 104 | 120 | 126 | 0 |
| Profit before tax | 246 | 411 | 669 | 849 | 291 | -1,556 | 595 | -711 | -914 | -2,947 | -4,581 | -746 |
| Tax % | 25% | 21% | 22% | 25% | -35% | -22% | 57% | -60% | -124% | -51% | -49% | |
| Net Profit | 185 | 322 | 524 | 633 | 392 | -1,213 | 256 | -282 | 220 | -1,454 | -2,316 | 438 |
| EPS in Rs | 10.19 | 15.21 | 17.52 | 10.46 | -21.88 | 3.05 | -3.36 | 1.57 | -4.85 | -3.12 | 0.57 | |
| Dividend Payout % | 0% | 20% | 14% | 14% | 20% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | -4% | -5% | 11% | ||
| Compounded Profit Growth | % | -38% | % | 116% | ||
| Stock Price CAGR | -14% | % | % | % | ||
| Return on Equity | -5% | -10% | -14% | -23% |
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,532 | 316 | 344 | 361 | 375 | 555 | 840 | 840 | 1,394 | 3,000 | 7,428 | 7,428 |
| Reserves | 1,295 | 3,036 | 3,877 | 4,419 | 4,709 | 3,928 | 4,989 | 5,480 | 6,349 | 5,675 | 4,071 | 6,059 |
| Borrowings | 55,243 | 69,646 | 83,056 | 94,836 | 106,394 | 116,770 | 112,879 | 119,314 | 129,491 | 132,632 | 137,187 | 136,305 |
| Other Liabilities | 3,961 | 4,006 | 2,763 | 2,394 | 3,137 | 3,852 | 4,320 | 3,799 | 3,818 | 3,441 | 2,844 | 2,796 |
| Total Liabilities | 62,031 | 77,005 | 90,041 | 102,010 | 114,615 | 125,105 | 123,028 | 129,432 | 141,053 | 144,749 | 151,530 | 152,587 |
| Fixed Assets | 623 | 650 | 817 | 792 | 821 | 924 | 873 | 1,209 | 1,178 | 1,286 | 1,234 | 1,192 |
| CWIP | 1 | 1 | 2 | 13 | 36 | 15 | 4 | 2 | 4 | 7 | 6 | 0 |
| Investments | 17,924 | 26,068 | 26,259 | 29,059 | 33,463 | 44,876 | 43,245 | 44,723 | 53,035 | 50,402 | 60,976 | 59,402 |
| Other Assets | 43,483 | 50,286 | 62,963 | 72,147 | 80,295 | 79,290 | 78,905 | 83,497 | 86,836 | 93,054 | 89,314 | 91,992 |
| Total Assets | 62,031 | 77,005 | 90,041 | 102,010 | 114,615 | 125,105 | 123,028 | 129,432 | 141,053 | 144,749 | 151,530 | 152,587 |
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,259 | 242 | -362 | 688 | -22 | 1,783 | 1,169 | -4,803 | 2,428 | 4,123 | 4,659 | -15,074 |
| Cash from Investing Activity | -86 | -84 | -142 | -61 | -56 | -112 | -151 | -45 | -90 | -74 | -235 | -73 |
| Cash from Financing Activity | 414 | 379 | 472 | 323 | 28 | 41 | 805 | 67 | -43 | 642 | 2,794 | 4,576 |
| Net Cash Flow | 1,587 | 538 | -32 | 950 | -50 | 1,711 | 1,823 | -4,781 | 2,295 | 4,690 | 7,218 | -10,571 |
| Free Cash Flow | 1,173 | 159 | -505 | 627 | -78 | 1,671 | 1,018 | -4,848 | 2,338 | 4,049 | 4,424 | -15,147 |
| CFO/OP | 48% | 12% | -6% | 20% | 4% | 33% | 23% | -71% | 42% | 89% | 254% | 5,939% |
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -152 | -39 | -54 | 42 | 74 | 169 | 101 | 65 | 182 | 329 | 773 | 335 |
| ROCE % | 6% | 6% | 7% | 6% | 7% | 7% | 6% | 7% | 6% | 5% | 3% | 1% |
| Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 85.23% | 85.23% | 86.81% | 86.81% | 93.13% | 93.15% | 92.25% | 92.25% | 96.83% | 96.83% | 96.83% | 97.41% |
| FIIs | 0.00% | 0.01% | 0.01% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 11.27% | 9.60% | 8.31% | 7.89% | 3.80% | 3.78% | 3.74% | 3.73% | 1.52% | 1.53% | 1.51% | 1.23% |
| Public | 3.50% | 5.17% | 4.87% | 5.14% | 3.06% | 3.07% | 4.00% | 4.02% | 1.65% | 1.64% | 1.65% | 1.37% |
| No. of Shareholders | 81,063 | 87,154 | 86,708 | 87,809 | 91,614 | 91,719 | 1,03,841 | 1,00,554 | 1,01,021 | 99,586 | 1,00,423 | 1,01,958 |
Fundamentals
Market Cap₹ 4,081 Cr.
Current Price₹ 4.50
Stock P/E9.33
Book Value₹ 15.0
ROCE1.38 %
ROE-23.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)116%
Standalone figures.
Valuation
Market capRs 3,343 Cr
Enterprise valueRs 134,361 Cr
P/E (TTM)7.64x
Price to book0.29x
Price to sales0.35x
EV / EBITDA22.80x
EV / EBIT23.30x
EV / sales14.24x
Earnings yield13.09%
P/E, 3-year average14.61x
P/B, 3-year average0.52x
P/E, 5-year average11.97x
P/B, 5-year average0.45x
Profitability
Operating margin (excl. other income)-2.97%
Operating margin (incl. other income)24.88%
EBITDA margin62.43%
Pre-tax margin-7.90%
Net profit margin4.64%
Net margin, latest quarter4.71%
ROE-22.96%
ROCE1.38%
ROA-1.56%
ROE, 3-year average-12.52%
ROCE, 3-year average3.06%
ROA, 3-year average-0.81%
ROE, 5-year average-7.45%
ROCE, 5-year average4.36%
ROA, 5-year average-0.49%
ROIC (approx.)2.05%
Tax rate49.44%
Other income / net worth20.74%
Growth
Sales growth (latest year)2.62%
Sales CAGR, 3 years-4.85%
Sales CAGR, 5 years-4.18%
Sales growth QoQ-1.19%
Profit growth QoQ-8.33%
Sales growth YoY (latest quarter)16.57%
Per share
EPS (TTM)Rs 0.59
EPS (latest year)Rs -3.12
EPS (latest quarter)Rs 0.15
EPS, 3-year averageRs -2.13
EPS, 5-year averageRs -1.34
Book value per shareRs 15.48
Sales per shareRs 12.71
Cash flow per shareRs -20.29
Free cash flow per shareRs -20.39
Efficiency
Asset turnover0.06x
Fixed asset turnover6.94x
Cash conversion cycle0 days
Working capital days335 days
Leverage
Total debtRs 137,187 Cr
Cash and bankRs 6,169 Cr
Net debtRs 131,018 Cr
Debt to equity11.93x
Net debt / EBITDA22.24x
Interest coverage0.89x
Owners' fund to total sources7.59%
Debt to assets90.53%
Cash flow
Cash from Operating Activity (latest year)Rs -15,074 Cr
Cash from Investing Activity (latest year)Rs -73 Cr
Cash from Financing Activity (latest year)Rs 4,576 Cr
Net Cash Flow (latest year)Rs -10,571 Cr
Free cash flow (latest year)Rs -15,147 Cr
FCFE (approx.: FCF + change in debt)Rs -10,592 Cr
Statement figures
Net sales (TTM)Rs 9,438 Cr
Net sales (latest year)Rs 8,560 Cr
Sales (latest quarter)Rs 2,411 Cr
Operating profit excl. other income (latest year)Rs -254 Cr
Operating profit (latest quarter)Rs 1,160 Cr
Other income (TTM)Rs 2,498 Cr
EBITDA (TTM)Rs 5,892 Cr
PBDT (TTM)Rs -620 Cr
Profit before tax (TTM)Rs -746 Cr
Tax (latest year)Rs -2,265 Cr
Net profit (TTM)Rs 438 Cr
Net profit (latest year)Rs -2,316 Cr
Net profit (latest quarter)Rs 114 Cr
Depreciation (TTM)Rs 126 Cr
Interest (TTM)Rs 6,512 Cr
Cost of goods sold (latest year)Rs 20 Cr
Total expenditure (latest year)Rs 8,814 Cr
Total income (latest year)Rs 10,944 Cr
Share capitalRs 7,428 Cr
ReservesRs 4,071 Cr
Shareholders' fundsRs 11,499 Cr
Total assetsRs 151,530 Cr
Net blockRs 1,234 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 60,976 Cr
Other liabilitiesRs 2,844 Cr
Shares outstanding (crore)742.79
Ownership
Promoter holding97.41% (+5.16 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.29 is the lowest in 3.5 years (median 1.04).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | UNITEDBNK | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.3% | -2.8% | -2.5 pts |
| 1 month | -41.2% | -6.8% | -34.4 pts |
| 3 months | -48.6% | -7.6% | -41.0 pts |
| 6 months | -52.1% | +0.4% | -52.5 pts |
| 1 year | -59.8% | -9.9% | -49.9 pts |
| 2 years | -64.0% | -13.6% | -50.4 pts |
| 3 years | -81.8% | +14.2% | -96.0 pts |
| 5 years | -84.4% | +27.9% | -112.3 pts |
Red flags
F-score 1 of 8| explain | Share dilution Share count up 148% in a year, 785% in three |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2019Sales ₹2,411 Cr +16.6% vs Dec 2018.
Net profit ₹114 Cr +110.0%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2019-06-19 | Annual General Meeting | |
| 2018-06-28 | Annual General Meeting | |
| 2017-06-21 | Annual General Meeting | |
| 2016-06-16 | Annual General Meeting | |
| 2015-06-12 | Annual General Meeting | |
| 2014-06-09 | Annual General Meeting | |
| 2013-06-06 | Annual General Meeting/Dividend Rs 2.10 Per Equity Share | |
| 2012-06-14 | Annual General Meeting/Dividend Rs 2.40 Per Share | |
| 2011-07-14 | Annual General Meeting And Dividend Rs.2.20 Per Share | |
| 2010-06-23 | Annual General Meeting And Final Dividend Rs.2/- Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of United Bank of India(Merged)?
United Bank of India(Merged) (UNITEDBNK) has a market capitalisation of Rs 4,081 Cr. at the 2020-03-20 close.
What is the P/E ratio of United Bank of India(Merged)?
United Bank of India(Merged) trades at a P/E of 9.33 on trailing twelve-month profit, at the 2020-03-20 close.
What were United Bank of India(Merged)'s latest quarterly results?
In the Dec 2019 quarter, United Bank of India(Merged) sales was Rs 2,411 Cr (+16.6% vs Dec 2018) and net profit was Rs 114 Cr.