Financials Union Bank of India

Equities

UNIONBANK

INE692A01016

Banks

Market Closed - NSE India S.E. Other stock markets 04:35:05 12/02/2026 pm IST			5-day change	1st Jan Change
181.00 ^INR	+0.37%		+2.78%	+17.72%

11/02	Union Bank of India says AIBEA and BEFI served notice of one day strike on 12th February	RE
04/02	149,218,639 Equity Shares of National Securities Depository Limited are subject to a Lock-Up Agreement Ending on 4-FEB-2026.	CI

Projected Income Statement: Union Bank of India

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	3,60,253	4,03,113	4,73,985	5,26,506	5,70,266	5,62,578	6,15,418	6,78,784
Change	-	11.9%	17.58%	11.08%	8.31%	-1.35%	9.39%	10.3%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	1,92,593	2,18,732	2,54,672	2,82,106	3,10,900	2,80,789	3,10,680	3,43,836
Change	-	13.57%	16.43%	10.77%	10.21%	-9.69%	10.65%	10.67%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	23,994	85,794	1,21,377	2,14,304	2,34,791	2,34,498	2,44,792	2,61,930
Change	-	257.56%	41.47%	76.56%	9.56%	-0.12%	4.39%	7%
Net income ¹	29,060	52,321	84,333	1,36,483	1,79,871	1,79,126	1,85,373	1,99,266
Change	-	80.05%	61.18%	61.84%	31.79%	-0.41%	3.49%	7.5%
Announcement Date	07/06/21	13/05/22	06/05/23	10/05/24	08/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	96,050	99,538	99,143	1,08,075	96,985	1,00,124	1,03,986	1,15,812	1,18,989	1,35,198	1,27,420	1,28,212	1,29,423	1,41,440	1,39,213	1,43,753	1,36,568	1,50,731	1,35,983	1,38,082	1,38,690	1,48,492
Change	-	3.63%	-0.4%	9.01%	-10.26%	3.24%	3.86%	11.37%	2.74%	13.62%	-5.75%	0.62%	0.94%	9.29%	-1.57%	3.26%	-5%	10.37%	-9.78%	1.54%	0.44%	7.07%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	53,106	51,799	53,028	60,735	50,982	55,201	54,476	65,771	66,192	68,234	71,793	72,208	72,776	65,329	77,853	81,128	74,918	77,002	69,087	68,140	69,416	73,294
Change	-	-2.46%	2.37%	14.53%	-16.06%	8.28%	-1.31%	20.73%	0.64%	3.09%	5.22%	0.58%	0.79%	-10.23%	19.17%	4.21%	-7.65%	2.78%	-10.28%	-1.37%	1.87%	5.59%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	547.1	-	17,790	23,498	25,486	19,020	21,664	25,003	35,832	38,878	51,733	54,530	55,298	52,734	50,295	64,006	58,928	61,562	52,442	54,172	66,194	56,730
Change	-	-	-	32.08%	8.46%	-25.37%	13.9%	15.41%	43.31%	8.5%	33.07%	5.41%	1.41%	-4.64%	-4.62%	27.26%	-7.93%	4.47%	-14.82%	3.3%	22.19%	-14.3%
Net income ¹	7,268	13,298	11,810	15,261	10,854	14,396	15,585	18,477	22,448	27,823	32,364	35,114	35,899	33,106	36,788	47,197	46,036	49,849	41,155	42,491	50,168	43,705
Change	-	82.95%	-11.19%	29.22%	-28.88%	32.63%	8.26%	18.56%	21.49%	23.94%	16.32%	8.5%	2.24%	-7.78%	11.13%	28.29%	-2.46%	8.28%	-17.44%	3.25%	18.07%	-12.88%
Announcement Date	29/01/21	07/06/21	29/07/21	02/11/21	07/02/22	13/05/22	26/07/22	20/10/22	20/01/23	06/05/23	20/07/23	27/10/23	20/01/24	10/05/24	19/07/24	21/10/24	27/01/25	08/05/25	19/07/25	30/10/25	14/01/26	-

¹INR in Million

Estimates

Forecast Balance Sheet: Union Bank of India

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	07/06/21	13/05/22	06/05/23	10/05/24	08/05/25	-	-	-

Estimates

Cash Flow Forecast: Union Bank of India

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	3,938	7,190	7,495	30,656	16,488	16,692
Change	-	82.56%	4.25%	309%	-46.22%	1.24%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	11/07/20	08/07/21	07/06/22	06/07/23	26/06/24	08/07/25

¹INR in Million

Estimates

Forecast Financial Ratios: Union Bank of India

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	53.46%	54.26%	53.73%	53.58%	54.52%	49.91%	50.48%	50.65%
EBT Margin (%)	-	6.66%	21.28%	25.61%	40.7%	41.17%	41.68%	39.78%	38.59%
Net margin (%)	-	8.07%	12.98%	17.79%	25.92%	31.54%	31.84%	30.12%	29.36%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.27%	0.47%	0.69%	1.03%	1.26%	1.19%	1.13%	1.08%
ROE	-	6.68%	10.11%	13.26%	15.58%	17.2%	15.19%	13.83%	13.42%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	3	3.6	4.75	4.706	4.819	5.1
Change	-	-	-	-	20%	31.94%	-0.92%	2.4%	5.83%
Book Value Per Share ¹	-	67.91	75.74	93.05	114.8	-	161.7	180.7	201.9
Change	-	-	11.53%	22.85%	23.33%	-	-	11.75%	11.74%
EPS ¹	-	4.54	7.73	12.34	18.95	23.56	23.43	24.31	26.08
Change	-	-	70.26%	59.64%	53.57%	24.33%	-0.54%	3.76%	7.28%
Nbr of stocks (in thousands)	-	64,06,844	68,35,648	68,34,747	76,33,606	76,33,606	76,33,610	76,33,610	76,33,610
Announcement Date	-	07/06/21	13/05/22	06/05/23	10/05/24	08/05/25	-	-	-