AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 28 Sep - Bank participated in Nuvama Institutional Equities' Emerging India CEO Forum on September 28, 2026.
Source: Bse
City Union Bank Limited (CUB)
Small CapFinancial Services stocks · Small cap · NSE
City Union Bank Ltd., an Indian private sector bank founded in 1904, is headquartered in Kumbakonam, Tamil Nadu. It primarily focuses on lending to MSME, Retail/Wholesale Trade, and the agricultural sector, maintaining a granular asset profile.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 01:09 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
61Bullishfull bull SMA stack · SMA20 -1.1% / mo · MACD + · near 52W high
Stock trend: 73
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CUBD candles · FIT view+17.3%Latest close ₹230.95 on 2026-10-19
Bar
+2.6%
RSI
54
MACD hist
0.29
52W pos
78%
2026-10-19O ₹225.00H ₹231.70L ₹225.00C ₹230.95Vol 11.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CUBNifty Financial ServicesNifty 500
- CUB
- +2.7%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +8.2 pp
Chart stats
19 Oct 2026- From 52W high
- -7.2%
- 52W range position
- 80%
- ATR (14)
- 3.5%
- Volume vs 20D
- 0.45x
- Avg traded value
- ₹54.3 Cr
- 20D price channel
- ₹210.7 - ₹237.7
₹248.9
₹158.7 - ₹248.9
₹8
Latest completed session
20-session average
39.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management trust is supportive, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST38
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good70
Revenue +23.7% · PAT +25.2% YoY
Technical
Bullish61
Price trend and sector-relative-strength timing.
Valuation
Legacy model+36.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Healthy Trust78
medium confidence · 3/4 claims checked
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 70/100Rev +24% YoY · PAT +25% YoY · +7% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,985 Cr | +23.7% | +7.0% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹383 Cr | +25.2% | +6.4% |
| PAT margin | 19.3% | +22 bps | -11 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 16.00
- P/B
- 2.12
- EV/EBITDA
- —
- Market Cap
- 22446.00Cr
Profitability
- ROE
- 13.20%
- ROCE
- 6.74%
- ROA
- 1.45%
- Dividend Y
- 0.89%
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 12.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- —
- Altman Z
- 2.14
- Book Value
- 107.00
Cash Flow
- FCF Yield
- 2.65%
- FCF Positive Y
- 11/5
- OCF
- 802.00 Cr
- EPS TTM
- 14.18
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 75%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 1,985+7.0% vs prev
Net Profit
₹ CrLatest: 383+6.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 54. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 falling (~1.1% over last month) — short-term momentum negative.
- RSI(14) at 54 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 7% off 52W high · 39% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
86
RS percentile
Stage 2 UptrendEstablished S2
1M return
-2.1%
3M return
+2.7%
6M return
+14.0%
1Y return
+28.7%
RS 1D
+1
RS 20D
-2
Sector rank
#9
Industry rank
#9
Stage evidence
- Price is 10.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +1.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
02 Sept 2026
S2 age
32 trading sessions
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 152.81+2.62%
RS vs Nifty 500153
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation10/30
Growth12/25
Quality2/20
Balance Sheet5/15
Cash Flow6/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
38
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
38/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 36.1%.
- Cash flow contributes 6/10 to the score.
- Growth contributes 12/25 to the score.
Main drags
- Quality is weaker at 2/20; verify the latest quarterly trend.
- Valuation is weaker at 10/30; verify the latest quarterly trend.
- Balance sheet is weaker at 5/15; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
16.0
PB
2.1
EV/EBITDA
—
ROE
13.2%
ROCE
6.7%
FCF Yield
2.6%
Debt/Equity
0.1
MoS
+36.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
38
Previous: 38
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+36.1%
Previous: +36.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
40
40
38
38
38
38
38
38
38
38
38
38
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹184.77
-25.0% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹361.59
+36.1% MoS
PEG
1.07
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KARURVYSYA
Small
Karur Vysya Bank Limited
Banking
match 162
50
11.6
19.1%
+53%
FAIR VALUE
DHANBANK
Small
Dhanlaxmi Bank Limited
Banking
match 157
55
9.2
7.2%
+50%
FAIR VALUE
TMB
Micro
Tamilnad Mercantile Bank Limited
Banking
match 157
54
9.4
14.0%
+63%
FAIR VALUE
J&KBANK
Large
The Jammu & Kashmir Bank Limited
Banking
match 157
64
6.6
15.4%
+74%
UNDERVALUED
KTKBANK
Micro
The Karnataka Bank Limited
Banking
match 156
55
8.7
10.4%
+66%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-05T07:15:14.522Z
Management commentary snapshot
CUB reported strong Q4 & FY26 performance with Deposits up 23% YoY and Advances up 26% YoY. Net Profit grew 25% YoY in Q4 and 18% YoY for FY26. Asset quality improved significantly, with GNPA at 1.91% and NNPA at 0.68% for FY26, alongside a stable NIM of 3.74% for FY26.
The bank's robust growth in deposits and advances, coupled with substantial improvement in asset quality and stable profitability metrics, indicates strong operational execution. The focus on granular, collateralized lending to MSME/SME segments appears to be yielding positive results.
Current business mix
Loan Book Products Composition
Latest issuer-disclosed distribution across 3 reported categories.
Cash Credit & Demand Loan62.0%
Term Loan37.0%
Bills Purchased & Bills Discounted1.0%
Growth engines
MSME/SME Focus
Specialized business model targeting the large, untapped MSME/SME segment, consistently delivering higher yields.
Granular Asset Profile
SME exposures result in a granular asset profile, reducing concentration risk.
Digital Lending
Introduction of a Digital Lending Process and new digital offerings to enhance customer experience and reach.
Gold Loan Portfolio
Gold Loan portfolio grew 36% YoY (Mar-26 vs Mar-25), contributing 29% to gross advances.
Capacity and execution
Branch Network Expansion
Added 74 branches in FY26, increasing total branches to 949 (from 875 in FY25).
Tailwinds
Stable Liability Profile
Purely retail liability franchise with granular deposit base and high retention rates ensures a stable funding profile.
Digitalization Initiatives
Ongoing investment in robust infrastructure, including digitalized Loan Origination System (LOS) and new digital offerings.
Strong Credit Ratings
ICRA 'AA' for Long Term, 'A1+' for CD; CRISIL 'A1+' for CD; CARE 'AA-' for Long Term, indicating high safety.
Risk radar
Declining Capital Adequacy
CRAR decreased from 23.75% in FY25 to 21.92% in FY26, and Tier I from 22.70% to 20.82%.
Geographic Concentration
Strong presence in South India (770 branches), with 578 branches in Tamil Nadu alone, indicating regional concentration.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Q4 results provide insight into recent operational momentum, while full-year (FY26) figures offer a comprehensive view of annual performance and trends in key banking metrics like asset quality and profitability.
Sector KPIs management disclosed
AUM Growth (Advances)
Advances grew 26% YoY to INR 66,699 Cr in Q4 FY26 and FY26.
Net Interest Margin (NIM)
NIM was 3.87% in Q4 FY26 (vs 3.60% YoY) and 3.74% for FY26 (vs 3.60% YoY).
Cost of Deposits
Cost of Deposits decreased to 5.60% in Q4 FY26 (vs 6.02% YoY) and 5.70% for FY26 (vs 5.85% YoY).
Gross NPA
Gross NPA improved to 1.91% in Q4 FY26 and FY26 (vs 3.09% YoY).
Management forward view
Specialized Banking Model
Management emphasizes a specialized banking model aligned to target segments like SME/MSME.
Prudent Risk Management
SME/MSME loans are additionally collateralized by residential property and personal guarantees, leading to lower NPA.
Robust Infrastructure Investment
Focus on comprehensive employee training and recruitment infrastructure, alongside digitalizing LOS.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Net NPA | 0.68% (Q4 FY26) | Monitor for sustained low levels and further reduction in restructured accounts. |
| Advances Growth | 26% YoY (Q4 FY26) | Watch for continued double-digit growth momentum in the loan book. |
| Net Interest Margin | 3.74% (FY26) | Track stability or improvement in NIM amidst changing interest rate cycles. |
| Capital Adequacy Ratio | 21.92% (Q4 FY26) | Observe if CRAR stabilizes or improves, especially Tier I, to support future growth. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
revenue outlooknot yet verifiablequantified
The bank will continue with the targeted growth of mid-teen to high-teen with about 2 to 3 percent over and above the systemic growth rate.
Timeframe: ongoingDirection: increaseConfidence: strong
"will continue with the targeted growth of mid-teen to high-teen"
revenue outlookdeliveredquantified
The bank will continue with the targeted growth of mid-teen to high-teen with about 2 to 3 percent over and above the systemic growth rate.
Timeframe: ongoingDirection: increaseConfidence: strong
"will continue with the targeted growth of mid-teen to high-teen"
Outcome check: Revenue YoY averaged 23.7% across 1 later quarter(s).
demand outlooknot yet verifiable
The bank can increase the CASA growth by a few percentage points more than what was previously envisaged.
Timeframe: futureDirection: increaseConfidence: confident
"we can increase the growth by few % point more than what we had envisaged"
demand outlooknot yet verifiable
The bank can increase the CASA growth by a few percentage points more than what was previously envisaged.
Timeframe: futureDirection: increaseConfidence: confident
"we can increase the growth by few % point more than what we had envisaged"
revenue outlooknot yet verifiable
The bank may go for some incremental higher growth rate compared to what was communicated in earlier con-calls, supported by improved asset quality.
Timeframe: futureDirection: increaseConfidence: moderate
"maybe go for some incremental higher growth rate"
revenue outlookdelivered
The bank may go for some incremental higher growth rate compared to what was communicated in earlier con-calls, supported by improved asset quality.
Timeframe: futureDirection: increaseConfidence: moderate
"maybe go for some incremental higher growth rate"
Outcome check: Revenue YoY averaged 23.7% across 1 later quarter(s).
revenue outlooknot yet verifiable
My successor, Shri Vijay Anandh, is sure to take the bank to newer heights and will probably achieve many more milestones in the years to come.
Timeframe: years to comeDirection: increaseConfidence: high
"whom I am sure will take the bank to newer heights"
revenue outlookdelivered
My successor, Shri Vijay Anandh, is sure to take the bank to newer heights and will probably achieve many more milestones in the years to come.
Timeframe: years to comeDirection: increaseConfidence: high
"whom I am sure will take the bank to newer heights"
Outcome check: Revenue YoY averaged 23.7% across 1 later quarter(s).
Trust Score
78Healthy Trust · medium confidenceClaim-tested Trust
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Management has 100% delivered/partly-delivered outcomes on 3 checked claims. It ranks around the 86th percentile of the scored universe and 91st percentile within Financial Services. Main check: financial discipline is weak at 56/100.
High Trust: 3/4 extracted management claims have outcome checks; 100% were fully delivered and 0 were partially delivered. 3/3 matched management claims were delivered.
Computed 20 Oct 2026
management-trust-v1
28 extracted concalls · 3/4 claims matched
Score band
Healthy Trust
Generally investable credibility. Look for weak sub-scores before increasing position size.
Relative rank
86th percentile
overall median 67 · Financial Services: 91st pctile, median 62 · Small: 89th pctile, median 66
Evidence depth
Early sample
3/4 claims checked. Use as directional, not final.
Claim delivery
100% delivered or partly delivered
3/4 claims checked · No contradicted claim yet
How to read this Trust Score
Healthy Trust · medium confidenceWhat it measures
Reliability of management and financial delivery, using management claims matched with later outcomes.
Confidence
Useful directional evidence exists, but still verify the latest filings.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
80
strong · leverage and solvency
Discipline
56
watch · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.7%.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.07.
Trust risks
- ▸ROCE is low at 6.7%.
Continue researching City Union Bank Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - City Union Bank will participate in Nuvama’s Emerging India CEO Forum on September 28, 2026 in Mumbai.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Sep - City Union Bank participated in Anand Rathi G-200 Summit 2026 analyst conference on September 21, 2026.
Source: Bse
Credit ratingSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 16 Sep - ICRA reaffirmed City Union Bank’s issuer rating at AAA(Stable) and rated ₹4,100 crore instruments on September 16, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 1 Sep - City Union Bank participated in Elara India Dialogue 2026 on September 1, 2026, Mumbai.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Schedule of Analyst Conference Call organized by Anand Rathi Institutional Equities
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 11 Sep - RBI gave no-objection for City Union Bank’s MOA and AOA amendments, including authorised capital terms.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug - Schedule of Analyst Conference Call - Elara India Dialogue 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Aug - City Union Bank will participate in Axis Capital's India Corporate Day 2026 on August 18 in Singapore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 1 May - Shri R. Vijay Anandh appointed Managing Director and CEO effective May 1, 2026 for three years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Paper Advertisement - Notice of Postal Ballot to the Members
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.