Whalesbook
Q4 mein Ujjivan SFB ne sach mein kamaal kar dikhaya! Pichhle saal isi quarter mein ₹83.4 Crore ka profit tha, ab yeh ₹282 Crore ho gaya. Socho, kitna bada jump! Unka Net Interest Income bhi 26.4% badhkar ₹1,093 Crore ho gaya hai. Iska matlab hai ki loan se jo income aa rahi hai woh badh gayi hai aur bank ka management bhi sab kuch acche se manage kar raha hai. Buray loans ke liye provisions bhi kam ho gaye hain, ₹144 Crore tak aa gaye hain. Aur GNPAs 2.26% aur Net NPAs 0.43% par aa gaye hain, matlab loans wapas aane ki ummeed badh gayi hai.
Ab yeh log aur bade hone wale hain! Plan hai FY30 tak ₹1 lakh Crore ka loan book banane ka. Iske liye yeh ₹2,000 Crore QIP (Qualified Institutional Placement) se raise karne wale hain. Jab yeh paisa bank ke paas ayega toh growth mein use karenge. Goal hai secured lending ko 65-70% tak le jaane ka aur CASA deposits ko 35% tak pahunchane ka.
Market mein bhi competition tight hai, AU Small Finance Bank, Equitas Small Finance Bank, Bandhan Bank jaise players hain. Lekin analysts ka sentiment abhi bhi positive hai. Consensus rating 'Strong Buy' hai aur average price target ₹70-₹73 ke aas paas hai.
Haan, ek baat hai. Jab yeh ₹2,000 Crore raise karenge toh existing shareholders ke liye thoda dilution ka risk ho sakta hai. Matlab unke share ki value thodi kam ho sakti hai agar price theek nahi raha toh. Aur ₹1 lakh Crore ka target achieve karna aasan nahi hoga, economic growth aur risk management dono perfect hone chahiye. Bank ka current P/E ratio 24.66 hai, matlab future growth toh price mein already add ho gaya hai, toh ab zyada room for error nahi hai.
Bank ne FY26 ke liye advances growth 20% ka target rakha hai. FY30 tak ROA 1.8-2.0% aur ROE 16-18% ka aim hai. Management ko lagta hai ki microfinance stress wale din gaye, ab achhe din aane wale hain.