Union Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

Union Bank Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Union Bank of India oversees more than fifteen crore customers through its network of over 8,500 branches and beyond 12,800 ATMs, making it the fourth largest public sector bank in India. Recently, Union Bank of India merged with two other banks ‘’Andhra Bank’’ and ‘’Corporation Bank’’ (2020).

The merger pushed United Bank of India assets past the Rs 14.59 lakh crore mark while increasing the number of branches to 9,609, thus enhancing the UBI’s capacity in consumer banking, investment banking, finance and insurance among others.Union Bank Share Price Target

Union Bank Overview

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

Company Name Union Bank of India
Listed at NSE & BSE
Head Office Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400 021, Maharashtra, India
Board Of Directors
  • Ms. A. Manimekhalai, MD & CEO
  • Shri Nitesh Ranjan, Executive Director
  • Shri Rajneesh Karnatak – Executive Director
  • Shri Nidhu Saxena – Executive Director
  • Shri Sameer Shukla – Government Nominee Director
  • Shri Arun Kumar Singh – RBI Nominee Director
  • Shri Suraj Srivastava – Part-Time Non-Official Director
  • Shri Laxman S Uppar – Part-Time Non-Official Director
  • Dr. Jayadev Madugula – Shareholder Director
  • Smt. Priti Jay Rao – Shareholder Director
Official Website unionbankofindia.co.in

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Union Bank Business Profile

One of the big public sector banks in country is Union Bank of India. It is a listed entity and 74.76 percent of the Government of India’s total paid-up capital is retained by the bank. It was incorporated as a limited company at Mumbai on the 11th day of November, 1919.

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Branch Network

Banks across India have a network of 8580 branches and 10835 ATMs in the present moment. Its branch network more than doubled when it merged with Andhra Bank and Corporation Bank from 4,281 and 6,895 before the said merger.

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Loan Book

Currently, corporate borrowing make up 45% of all loans given out; MSME sector accounts for 19%, while Retail contributes 18% and finally Agribusiness comprises 18%.

Home loans make up 54% of the retail advances while mortgage loans account for 10%, vehicle loans take 7%, education loans stand at 6%, personal loans lie at 4% and others 19%.

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Exposure

The bank has lent money to different industries, especially in Infrastructure advances account for 16% of total domestic advances levels, followed by NBFCs and HFCs (11%), Basic metals (3%), food processing (3%), textiles (2%), construction (2%) and all engineering (2%). These industries have received 42.5% of the bank’s total domestic advances.

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International Business

Its outward presence is limited, constituting less than 2% of the overall business volume, though it has established itself in some key economic hubs like Hong Kong, DIFC, Dubai or Sydney.

Bank Merger

On September 1, 2020, Union Bank of India implemented a merger with Andhra Bank and Corporation Bank. When the Amalgamation Scheme took place, Andhra Bank’s shareholders received ~100 crore equity shares while Corporation Bank’s shareholders were issued with ~198 crore shares. After the merger of these two banks, the bank’s total business more than doubled.

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Union Bank Fundamentals & Quarterly Results

Market Cap ₹ 1,08,893 Cr.
Current Price ₹ 143
High / Low ₹ 163 / 68.0
Stock P/E 7.93
Book Value ₹ 115
Dividend Yield 2.05 %
ROCE 6.83 %
ROE 17.5 %
Face Value ₹ 10.0
Debt to equity 14.8
Debt Capacity -6.02
Debt preceding year ₹ 11,63,059 Cr.
Debt ₹ 11,63,059 Cr.
Reserves ₹ 71,969 Cr.
EPS ₹ 18.1
EPS last year ₹ 18.1
Pledged percentage 0.00 %
FCF Prev Ann ₹ 3,729 Cr.
EVEBITDA 13.7
Industry PE 9.46
PEG Ratio 0.17
Piotroski score 6.00
Earnings yield 7.33 %
Sales growth 5Years 24.0 %

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Union Bank Quarterly Results

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 17,072 17,028 18,256 19,778 20,966 22,163 23,613 24,732 25,521 26,510
Interest 9,762 10,409 10,598 11,384 12,242 13,810 14,664 15,498 16,236 16,966
Expenses 7,946 6,940 8,442 9,598 8,817 10,041 7,978 7,962 8,012 9,365
Financing Profit -635 -321 -784 -1,204 -93 -1,688 971 1,271 1,273 179
Financing Margin % -4% -2% -4% -6% -0% -8% 4% 5% 5% 1%
Other Income 3,161 2,326 2,948 3,697 3,669 5,601 4,209 4,221 4,281 5,102
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,526 2,005 2,165 2,493 3,576 3,912 5,180 5,492 5,554 5,281
Tax % 58% 23% 28% 26% 37% 28% 37% 35% 35% 37%
Net Profit 1,077 1,557 1,583 1,853 2,264 2,812 3,272 3,572 3,625 3,328
EPS in Rs 1.58 2.28 2.32 2.71 3.31 4.11 4.79 4.82 4.89 4.36

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CAGR Report

Metric 10 Years 5 Years 3 Years TTM (Trailing Twelve Months)
Compounded Sales Growth 13% 24% 13% 24%
Compounded Profit Growth 23% 46% 69% 62%
Stock Price CAGR -5% 15% 56% 102%
Return on Equity (ROE) 5% 9% 12% 18%

Union Bank Shareholders

Shareholder Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Promoters (%) 63.44% 67.43% 74.27% 86.75% 89.07% 83.49% 83.49% 74.76%
FIIs (%) 5.02% 5.01% 3.15% 1.29% 0.66% 1.18% 1.66% 6.75%
DIIs (%) 20.80% 19.89% 13.15% 6.37% 4.37% 7.05% 8.27% 12.24%
Public (%) 10.74% 7.68% 9.42% 5.59% 5.90% 8.27% 6.57% 6.25%
No. of Shareholders 2,37,105 2,42,378 2,70,916 2,99,546 6,31,887 7,61,809 7,83,550 9,14,940

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Union Bank Share Price Target 2024-2030 Forecast

Year

Initial Target

Mid-Year Target

Year-End Target

2024

144.42

176.07

195.06

2025

199

187

222

2026

226

213

255

2027

260

244

293

2028

299

281

335

2029

342

322

384

2030

392

368

439

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Union Bank Of India Share Price Target 2025

Month Target
January ₹199
February ₹203
March ₹207
April ₹200
May ₹193
June ₹187
July ₹194
August ₹202
September ₹210
October ₹214
November ₹218
December ₹222

 Union Bank Of India Share Price Target 2026

Month Target
January ₹226
February ₹231
March ₹236
April ₹228
May ₹220
June ₹213
July ₹222
August ₹231
September ₹240
October ₹245
November ₹250
December ₹255

Union Bank Of India Share Price Target 2027

Month Target
January ₹260
February ₹265
March ₹270
April ₹261
May ₹252
June ₹244
July ₹254
August ₹264
September ₹275
October ₹281
November ₹287
December ₹293

Union Bank Of India Share Price Target 2028

Month Target
January ₹299
February ₹305
March ₹311
April ₹301
May ₹291
June ₹281
July ₹292
August ₹304
September ₹316
October ₹322
November ₹328
December ₹335

Union Bank Of India Share Price Target 2029

Month Target
January ₹342
February ₹349
March ₹356
April ₹344
May ₹333
June ₹322
July ₹335
August ₹348
September ₹362
October ₹369
November ₹376
December ₹384

Union Bank Of India Share Price Target 2030

Month Target
January ₹392
February ₹400
March ₹408
April ₹394
May ₹381
June ₹368
July ₹383
August ₹398
September ₹414
October ₹422
November ₹430
December ₹439

Official Website unionbankofindia.co.in

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