External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Ujjivan Small Finance Bank / Equity Bottom-Up

<ul><li>While advances growth in FY23 has been primarily driven by the MFI segment, Ujjivan SFB (UJSFB) will look to achieve an advances mix of 50:50 over the longer term (5-Year horizon) between secured and unsecured products.</li><li>The bank is currently transitioning from the informal segment to the semi-formal/formal segment of customers, thereby keeping growth in the secured portfolio muted.</li><li>The management remains confident in building a strong deposit franchise with a primary focus on improving CASA and share of retail deposits. UJSFB is currently focusing on the deposit catchment area and expanding its geographic footprint (50-70 branches in FY24, mainly in Tier 2/3 towns).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

While advances growth in FY23 has been primarily driven by the MFI segment, Ujjivan SFB (UJSFB) will look to achieve an advances mix of 50:50 over the longer term (5-Year horizon) between secured and unsecured products.The bank is currently transitioning from the informal segment to the semi-formal/formal segment of customers, thereby keeping growth in the secured portfolio muted.The management remains confident in building a strong deposit franchise with a primary focus on improving CASA and share of retail deposits. UJSFB is currently focusing on the deposit catchment area and expanding its geographic footprint (50-70 branches in FY24, mainly in Tier 2/3 towns).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ujjivan SFB- Targeting Sustainable RoA of 2.5%, Growth Opportunities Aplenty!

<ul><li>Ujjivan Small Finance Bank (UJSFB) reported a stellar set of numbers in Q2FY23, an all- around beat, led by strong credit growth, robust operating performance, and provision write- back aiding earnings growth.</li><li>Improvement was visible across asset quality metrics.</li><li>GNPA reduced by 674/145bps to 5.1%, aided by moderation in slippages and strong recoveries/upgrades. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Ujjivan Small Finance Bank (UJSFB) reported a stellar set of numbers in Q2FY23, an all- around beat, led by strong credit growth, robust operating performance, and provision write- back aiding earnings growth.Improvement was visible across asset quality metrics.GNPA reduced by 674/145bps to 5.1%, aided by moderation in slippages and strong recoveries/upgrades. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ujjivan Small Finance Bank - Stellar Quarter; Growth Outlook Encouraging!

<div><ul><li>Portfolio diversification towards secured book: UJSFB reported a robust growth of 44/8% YoY/QoQ in the Q2FY23 provisional update with growth driven by the MFI segment (+51% YoY, +9% QoQ).</li><li><p>Asset Quality improvement underway: UJSFB has been witnessing a significant improvement in asset quality over the past few quarters, mainly aided by the write-offs.</p></li><li><p><span style="font-size: var(--content-font-size);">Levers for RoA expansion in place: UJSFB’s portfolio shift towards the secured products along with a shift in the borrower profile, is likely to put pressure on yields and margins.</span></p></li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Portfolio diversification towards secured book: UJSFB reported a robust growth of 44/8% YoY/QoQ in the Q2FY23 provisional update with growth driven by the MFI segment (+51% YoY, +9% QoQ).Asset Quality improvement underway: UJSFB has been witnessing a significant improvement in asset quality over the past few quarters, mainly aided by the write-offs.Levers for RoA expansion in place: UJSFB’s portfolio shift towards the secured products along with a shift in the borrower profile, is likely to put pressure on yields and margins.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Ujjivan Small Finance Bank Ltd.

<div><div><div><div><ul><li>We interacted with the team at Ujjivan Small Finance Bank (UJSFB) to understand the business strategy and growth prospects over the medium term as the business stabilizes after facing multiple challenges in the form of top-level management rejig and asset quality concerns owing to COVID related disruption.</li><li>Our key takeaways from the discussion have been that the bank’s growth appetite remains strong as demand across segments remains buoyant, led by the MFI segment and steady improvement in asset quality continues.</li><li>In the past decade, the microfinance industry has faced 2 black-swan events in the form of – (a) Demonetization and (b) COVID-19.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We interacted with the team at Ujjivan Small Finance Bank (UJSFB) to understand the business strategy and growth prospects over the medium term as the business stabilizes after facing multiple challenges in the form of top-level management rejig and asset quality concerns owing to COVID related disruption.Our key takeaways from the discussion have been that the bank’s growth appetite remains strong as demand across segments remains buoyant, led by the MFI segment and steady improvement in asset quality continues.In the past decade, the microfinance industry has faced 2 black-swan events in the form of – (a) Demonetization and (b) COVID-19.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ujjivan Small Finance Bank - Ready to Embark on a Growth Journey!

<ul><li>Ujjivan Small Finance Bank’s (UJSFB) Q3FY22 performance was ahead of our expectations with a sharp improvement in asset quality and a bounceback in business momentum</li><li>GNPA declined to 9.8% as of Dec’21 vs 11.8% in Sept’21 as the bank wrote off loans worth Rs 152 Cr during the quarter</li><li>The management has indicated that despite the rise in COVID-19 cases, business momentum has not witnessed any major disruption</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Ujjivan Small Finance Bank’s (UJSFB) Q3FY22 performance was ahead of our expectations with a sharp improvement in asset quality and a bounceback in business momentumGNPA declined to 9.8% as of Dec’21 vs 11.8% in Sept’21 as the bank wrote off loans worth Rs 152 Cr during the quarterThe management has indicated that despite the rise in COVID-19 cases, business momentum has not witnessed any major disruptionContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ujjivan Small Finance Bank: Asset Quality Improves QoQ; Business Momentum Remains Strong

India

Ujjivan Small Finance Bank Ltd. is a mass-market focused bank in India, primarily serving financially unserved and underserved segments. It offers a comprehensive range of banking products and services, including savings and current accounts, fixed and recurring deposits, and various loans such as microfinance, housing, agriculture, vehicle, and MSME loans. The bank is headquartered in Bengaluru, Karnataka, India, and commenced banking operations on February 1, 2017.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ujjivan Small Finance Bank (UJJIVANS IN)

Ujjivan SFB- Targeting Sustainable RoA of 2.5%, Growth Opportunities Aplenty!

The bank is currently transitioning from the informal segment to the semi-formal/formal segment of customers, thereby keeping growth in the secured...

Axis Direct

Ujjivan Small Finance Bank - Stellar Quarter; Growth Outlook Encouraging!

Ujjivan Small Finance Bank (UJSFB) reported a stellar set of numbers in Q2FY23, an all- around beat, led by strong credit growth, robust operating...

Axis Direct

Pick of the Week - Ujjivan Small Finance Bank Ltd.

Ujjivan SFB (UJSFB) transitioned from an NBFC (Ujjivan Financial Services Ltd.) in Feb’17 and has a diversified portfolio spread across...

Axis Direct

Ujjivan Small Finance Bank - Ready to Embark on a Growth Journey!

Our key takeaways from the discussion have been that the bank’s growth appetite remains strong as demand across segments remains buoyant

Axis Direct

Ujjivan Small Finance Bank: Asset Quality Improves QoQ; Business Momentum Remains Strong

The management has indicated that despite the rise in COVID-19 cases, business momentum has not witnessed any major disruption and monthly...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)