Ujjivan Financial Services Ltd. share price target and research reports

Name: Latest research reports of Ujjivan Financial Services Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Ujjivan Financial Services Ltd.
Rating: 3
Author: Centrum Broking

Latest analyst research reports with target prices and PDF download for UJJIVAN, BSE:539874 Ujjivan Financial Services Ltd.

Ujjivan Financial Services Ltd.

14 May 2018

Ujjivan Financi

Hold: Ujjivan Financial Services...

Target

Centrum Broking

Focus shifts at scaling retail liability franchise We lower our rating on Ujjivan to HOLD with TP at Rs430. Since our last note (Q3'18) the stock is up 34% on expectations of improved loan growth, receding asset quality and slow yet steady progression towards the SFB transition. Q4'18 results saw each of these aspects play out well. Growth guidance has been revised upwards; asset quality improving and we have factored the same into our estimates. Traction on retail liability franchise and higher growth in non-MFI portfolio remain key focus area . While we continue to like Ujjivan model, valuations...

Ujjivan Financial Services Ltd.

14 May 2018

Ujjivan Financial Services Ltd | Q4FY18 Result Update

Buy: Ujjivan Financial Services...

Target

Edelweiss

Ujjivan Financial Services Ltd. (UFS) reported significant jump in net profit on back of healthy growth in loan & advances and significant surge in net interest margin in its Q4FY18 financial results.

Ujjivan Financial Services Ltd.

09 Feb 2018

Result Update:Ujjivan Fin.Ser.

Buy: Ujjivan Financial Services...

Target

Axis Direct

After two consecutive quarters in red, Ujjivan reported PAT of Rs 293 mn (down 33% YoY) in Q3FY18, which was in line with our estimate. Operating metrics turned around strongly with disbursements up 28% YoY and NIM up 124 bps QoQ.

Ujjivan Financial Services Ltd.

07 Feb 2018

Ujjivan Financial Services Ltd. Result Update Q3FY18

Buy: Ujjivan Financial Services...

Edelweiss

Ujjivan Financial Services Ltd. (UFS) reported a mixed set of numbers in its Q3FY18 financial results. Net revenue and loan & advances growth were in-line with estimates; however operating...

Ujjivan Financial Services Ltd.

06 Feb 2018

Ujjivan Financial Services (3QFY18): On Recovery. Maintain BUY

Buy: Ujjivan Financial Services...

Target

HDFC Securities

Maintain BUY with a TP of Rs 440 (2.5x Dec-19E ABV). Ujjivans 3QFY18 performance was in line of expectation. AUM grew by 6.4% QoQ to Rs 70.9bn. Provisions stood at Rs 287 mn as the company had largely provided for the delinquent book in 1HFY18. Disbursement grew 9.2/28.4% QoQ/YoY to Rs 21.3bn. PAT stood at Rs 293mn.

Ujjivan Financial Services Ltd.

08 Nov 2017

Result Update:Ujjivan Fin.Ser.

Buy: Ujjivan Financial Services...

Target

Axis Direct

Ujjivan reported a loss of Rs 120 mn (est. Rs 118 mn PAT) due to higher provisions (11x YoY but down 45% QoQ at Rs 882 mn) related to bad assets generated during demonetization.

Ujjivan Financial Services Ltd.

06 Nov 2017

Ujjivan Financial - Result Update Q2FY18

Buy: Ujjivan Financial Services...

Edelweiss

Last quarter of pain, Re-rating starts now

Ujjivan Financial Services Ltd.

06 Nov 2017

Ujjivan Financi

Hold: Ujjivan Financial Services...

Centrum Broking

We retain Hold on Ujjivan with TP revised upwards to Rs370 (earlier Rs350). Q2FY18 earnings saw an improvement over the last quarter on the business front (disbursements up 14.8% QoQ) and asset quality side (GNPA at 4.99%, down 110bps QoQ also aided by w/offs). Transition to Small Finance Bank (SFB) model has gathered further momentum with reach now extended to 92 branches (vs. 15 in Q4'17). H2FY18 promises to be better over H1'18 on back of improved business environment and better controls. The near term earnings, however are expected to remain volatile as Ujjivan provides for portfolios overdue. We have tweaked our estimates for FY18-19E....

Ujjivan Financial Services Ltd.

04 Nov 2017

Ujjivan Financial Services (2QFY18): Future bright. Maintain BUY

Buy: Ujjivan Financial Services...

Target

HDFC Securities

Maintain BUY with a TP of Rs 435 (2.5x Sept-19E ABV). Ujjivans 2QFY18 performance was largely in line with expectations. It made provisions of Rs 882mn, leading to negative PAT of Rs 120mn. Loan book growth was 3.3% QoQ at Rs.66.7bn, as disbursements improved 14.8%.

No results found

Is Ujjivan Financial Services Ltd. worth buying?

295 Votes:

Buy 82.71%

Sell 12.88%

Hold 4.41%