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UBL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 04 May 26, 11:42 am

Fundamental Rating: 3.4

Stock Code UBL Market Cap 38,566 Cr. Current Price 1,459 ₹ High / Low 2,245 ₹
Stock P/E 91.8 Book Value 164 ₹ Dividend Yield 0.69 % ROCE 13.9 %
ROE 10.8 % Face Value 1.00 ₹ DMA 50 1,535 ₹ DMA 200 1,678 ₹
Chg in FII Hold -0.56 % Chg in DII Hold 0.63 % PAT Qtr 92.0 Cr. PAT Prev Qtr 47.0 Cr.
RSI 38.8 MACD -24.4 Volume 2,14,677 Avg Vol 1Wk 1,98,342
Low price 1,401 ₹ High price 2,245 ₹ PEG Ratio 11.5 Debt to equity 0.18
52w Index 6.81 % Qtr Profit Var 76.8 % EPS 15.5 ₹ Industry PE 40.4

📊 UBL shows weak fundamentals with ROE at 10.8% and ROCE at 13.9%, reflecting modest efficiency. EPS of 15.5 ₹ supports profitability, and quarterly PAT improved (92 Cr. vs 47 Cr.), showing strong sequential growth. Debt-to-equity ratio of 0.18 indicates manageable leverage, and dividend yield of 0.69% adds investor appeal. However, valuation is extremely stretched with P/E at 91.8 compared to industry average of 40.4, while PEG ratio of 11.5 highlights expensive growth expectations. Technical indicators (RSI 38.8, MACD -24.4) show oversold conditions and weak momentum, with price trading below both 50 DMA (1,535 ₹) and 200 DMA (1,678 ₹).

💡 Entry Price Zone: Attractive accumulation between 1,400 ₹ – 1,450 ₹ near support levels. Buying above 1,500 ₹ carries valuation risk.

📈 Long-Term Holding Guidance: UBL is moderately attractive for long-term investors (3–5 years) only if earnings growth sustains. Conservative investors should wait for improved efficiency and valuation correction before committing heavily.

Positive

  • EPS of 15.5 ₹ supports profitability.
  • Quarterly PAT improved significantly (92 Cr. vs 47 Cr.).
  • Debt-to-equity ratio of 0.18 ensures financial stability.
  • DII holdings increased (+0.63%), showing domestic confidence.

Limitation

  • High P/E (91.8) compared to industry average (40.4).
  • Weak ROE (10.8%) and ROCE (13.9%).
  • PEG ratio of 11.5 indicates expensive valuation relative to growth.
  • RSI (38.8) shows oversold conditions, reflecting weak momentum.
  • Price trading below both 50 DMA and 200 DMA.

Company Negative News

  • Foreign institutional investors reduced holdings (-0.56%).
  • Valuation premium may limit upside potential.

Company Positive News

  • Quarterly profit variation (+76.8%) highlights strong earnings momentum.
  • Domestic institutional investors increased holdings.

Industry

  • Industry PE at 40.4, while UBL trades at 91.8, showing extreme premium valuation.
  • Beverage sector remains resilient but cyclical, dependent on consumption trends and regulatory environment.

Conclusion

⚠️ UBL is a moderately attractive candidate with strong sequential profit growth but weak efficiency and severe overvaluation. Best suited for speculative investors who accumulate near 1,400–1,450 ₹. Exit opportunities may arise near 1,600–1,650 ₹ if momentum recovers. Long-term investors should wait for valuation correction and improved ROE/ROCE before committing heavily.

Would you like me to extend this into a beverage sector peer overlay HTML (e.g., UBL vs Radico Khaitan, Globus Spirits, and VBL) to highlight relative valuation and efficiency positioning?

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