Ujjivan Small Finance Bank Share Price Target: Retail equity research firm GEOJIT has recommended an ACCUMULATE rating on Ujjivan Small Finance Bank shares. The brokerage has set a target price of Rs 60 on Ujjivan Small Finance Bank shares, resulting in almost 18 per cent return from its current market price (CMP) Rs 51.

Ujjivan Small Finance Bank Ltd. (USFL), a prominent Small Finance Bank (SFB) in India, operates through 777 branches across 26 states & UTs providing financial services to underserved and unserved populations.

According to brokerage firm, Ujjivan Small Finance Bank delivered robust portfolio expansion in Q3FY26, with the gross loan book rising 22 per cent YoY to Rs.37,057 crore. Growth has been significantly led by secured segments: housing loans grew 49.6 per cent YoY, micro-mortgages more than doubled, MSME lending expanded 69 percent YoY, vehicle finance grew 120 per cent YoY, and gold loans increased nearly five-fold YoY.

Again brokerage firm said that The bank enters the final quarter with strong momentum, supported by robust disbursements and improving repayment behavior across the micro banking segment. Liquidity remains comfortable, with advances expected to grow at around 20 per cent YoY, while the loan-to-deposit ratio is guided to be maintained at 88 per cent. 

Finally the brokerage firm concluded that The bank maintained a 66 per cent cost to income ratio in Q3FY26 despite a one off Rs.18 cr Labor Code impact, which would otherwise have brought it below 65 per cent. FY26 ROA and ROE guidance of 1.2–1.4 per cent and 10–12 percent remain unchanged, with a strong PAT uplift expected in Q4 and further easing in cost of funds to support margins and profitability.