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UCO Bank

UCOBANK NSE
₹22.98 +0.38 (+1.68%)
P/E
9.66
View as Markdown
MCP
Close 4 Nov 2026 ₹22.98 −8.97 −28.1% 1Y
Start ₹31.95

Key Fundamentals

SmallcapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹2.38
Book Value
₹25.06
Market Cap
—
P/E (TTM)
9.66
P/B
0.92
ROE
8.61%
Dividend Yield
1.95%
52W High
₹32.90
52W Low
₹21.34
Day Range
₹22.35 – ₹23.09
Volume
31,62,644
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Public Sector Bank

UCO Bank peer comparison
SBI
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
UCO Bank (this company)
₹22.989.66₹28,553 Cr0.921.95%8.61%—₹27,590 Cr₹2,983 Cr
Median 8 companies₹153.167.55₹1,20,115 Cr0.982.61%15.40%—₹1,20,098 Cr₹19,354 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

37 Weak

Data confidence 100/100

Category scores

Quality
20
Poor
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
24
Poor
Solvency, leverage, coverage 9% weight
Momentum
19
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Stock is trading at 0.88 times its book value
  • Company has been maintaining a healthy dividend payout of 20.1%
  • Company's working capital requirements have reduced from 263 days to 119 days

Weaknesses

4
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.81% over last 3 years.
  • Contingent liabilities of Rs.1,02,132 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.81
Neutral
MACD (12,26,9)
−0.36
Bullish
SMA (50)
23.66
Bearish
SMA (200)
25.91
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+3.54%
5Y+12.71%
3Y+14.19%
1Y+4.84%
TTM+6.37%

Net profit

Net profit growth by window
10YTurned to profit
5Y+75.34%
3Y+14.13%
1Y+13.21%
TTM+18.47%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹16,326 Cr
Mar 2018₹14,020 Cr
Mar 2019₹14,331 Cr
Mar 2020₹15,134 Cr
Mar 2021₹14,446 Cr
Mar 2022₹14,981 Cr
Mar 2023₹17,651 Cr
Mar 2024₹21,854 Cr
Mar 2025₹25,067 Cr
Mar 2026₹26,281 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1,851 Cr
Mar 2018−₹4,436 Cr
Mar 2019−₹4,321 Cr
Mar 2020−₹2,437 Cr
Mar 2021₹167 Cr
Mar 2022₹930 Cr
Mar 2023₹1,862 Cr
Mar 2024₹1,654 Cr
Mar 2025₹2,445 Cr
Mar 2026₹2,768 Cr

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

UCO Bank trades at ₹22.49 per share as of 2026-11-02 with a market cap of ₹28,013 Cr. The stock is valued at 0.9x book value and 9.45x trailing earnings, while its 5-year compounded profit growth of 110% reflects a strong turnaround from earlier losses, though the 3-year stock CAGR of -15% indicates the market has repriced the stock lower in recent years.

Bull Case 8
  • The stock trades at a price-to-book ratio of 0.9x as of 2026-11-02, below book value, which may indicate unrecognized asset value on the balance sheet.
  • TTM profit growth stands at 18%, showing continued earnings momentum on top of a 5-year compounded profit CAGR of 110%.
  • The trailing P/E of 9.45x is modest relative to the banking sector, suggesting the market is not pricing in aggressive growth expectations.
  • The company maintains a healthy dividend payout of 20.1% with a current dividend yield of 1.99%, offering tangible cash returns to shareholders.
  • Working capital days have improved significantly from 263 days to 119 days, reflecting better operational efficiency and asset utilisation.
  • Compounded sales growth of 14% over 3 years indicates a period of meaningful top-line expansion for the bank.
  • Return on equity improved to 9% last year compared to a 10-year average of -2%, demonstrating a structural shift in profitability after years of losses.
  • EPS stands at ₹2.38 on a TTM basis, supported by a 5-year compounded profit CAGR of 110%, reflecting a dramatic recovery from the bank's loss-making phase.
Bear Case 8
  • Contingent liabilities stand at ₹1,02,132 Cr, which is roughly 3.6x the bank's current market cap of ₹28,013 Cr, posing a material risk if even a fraction crystallises.
  • The stock has delivered a 1-year return of -27% and a 3-year CAGR of -15%, significantly destroying shareholder value in the medium term.
  • Return on equity of 7.92% and a 3-year average ROE of around 8% remain low for the banking sector, signalling subpar capital efficiency.
  • The company has a low interest coverage ratio, raising concerns about its ability to comfortably service debt obligations during stress periods.
  • ROCE of 5.32% is weak, indicating the bank generates limited returns on total capital employed relative to peers.
  • There are indications the company might be capitalising interest costs, which could overstate reported profitability and asset values.
  • The 10-year stock CAGR of -4% shows the bank has failed to create long-term wealth for equity holders over a full market cycle.
  • The stock is trading at ₹22.49, just 5.4% above its 52-week low of ₹21.34 and 34.2% below its 52-week high of ₹34.19, reflecting sustained selling pressure.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: UCO Bank delivered strong Q2FY27 results with 27% profit growth, 25% advances growth, and improving asset quality with GNPA at 1.96% and near-zero net NPA. Core income metrics are solid with 14% NII growth and healthy NIMs, though other income volatility and rising provisions are worth monitoring. The key risks are a rising rate environment with RBI shifting to calibrated tightening, the stock trading near its 52-week low despite strong fundamentals, and high government ownership. The operational trend is clearly improving, but macro headwinds from rate hikes and the gap between fundamentals and price action suggest the market is waiting for a catalyst.

Headwinds 5
  • RBI hikes rate, tightening stance Oct 8

    RBI raised benchmark rate 25 bps to 5.50% and shifted stance to 'calibrated tightening,' with expectations of 50-100 bps of additional hikes. This could pressure borrowing demand and increase funding costs.

  • Provisions surge QoQ Oct 15

    Provisions and contingencies rose to ₹808 crore in Q2FY27 from ₹235 crore in Q1 and ₹588 crore YoY, driven by forward-looking expected credit loss provisions.

  • Other income nearly halved Oct 15

    Other income dropped to ₹888 crore from ₹1,686 crore QoQ as recoveries from written-off accounts fell to ₹301 crore from over ₹1,000 crore in Q1.

Positives 7
  • Q2 net profit up 27% YoY Oct 15

    Standalone net profit rose 26.77% YoY to ₹786 crore in Q2FY27 and 20% sequentially from ₹656 crore, with H1FY27 profit up 17.5% to ₹1,442 crore.

  • Advances surge 25% YoY Oct 15

    Gross advances grew 24.70% YoY to ₹2,87,690 crore with strong RAM segment growth of 26.92%. Bank guides 12-14% advances growth for FY27 and expects to exceed it.

  • Asset quality at record levels Oct 15

    GNPA improved 60 bps YoY to 1.96%, net NPA fell to 0.18%, and provision coverage ratio strengthened to 98.36% from 96.99% YoY, beating the sub-2% FY27 GNPA target.

Neutral 1
  • RBLR revised to 8.30% Oct 8

    UCO Bank raised its repo-linked lending rate by 25 bps to 8.30% effective Oct 8, mirroring the RBI hike, while keeping MCLR unchanged across all tenors.

Quarterly Results

₹ Cr
UCOBANK quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
5,219
5,552
5,860
6,024
6,078
6,220
6,745
6,436
6,537
6,652
6,656
6,996
7,286
Expenses
1,924
2,072
2,507
2,227
2,355
2,567
3,055
2,454
2,392
2,360
2,076
1,920
2,709
Financing Profit
−7
−84
−319
27
−54
−190
−356
−51
141
286
538
889
177
Fin. Margin %
0%
−2%
−5%
0%
−1%
−3%
−5%
−1%
2%
4%
8%
13%
2%
Other Income
647
861
1,125
835
993
1,186
1,392
997
884
869
709
1,686
888
Interest
3,302
3,564
3,672
3,770
3,778
3,842
4,046
4,033
4,004
4,006
4,042
4,188
4,400
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
640
777
806
862
939
996
1,036
946
1,025
1,155
1,247
2,575
1,065
Tax %
37%
35%
35%
36%
36%
36%
37%
36%
40%
36%
36%
75%
26%
Net Profit
402
503
526
551
603
639
652
607
620
740
801
656
786
EPS (₹)
0.34
0.42
0.44
0.46
0.5
0.53
0.52
0.48
0.49
0.59
0.64
0.52
0.63
Gross NPA %
4.14%
3.85%
3.46%
3.32%
3.18%
2.91%
2.69%
2.63%
2.56%
2.41%
2.17%
2.08%
1.96%
Net NPA %
1.11%
0.98%
0.89%
0.78%
0.73%
0.63%
0.5%
0.45%
0.43%
0.36%
0.27%
0.25%
0.18%

Profit & Loss

₹ Cr
UCOBANK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
19,359
18,561
16,326
14,020
14,331
15,134
14,446
14,981
17,651
21,854
25,067
26,281
27,590
Expenses
5,849
10,768
6,789
8,521
12,753
11,539
8,845
7,658
6,729
8,517
9,892
8,910
9,066
Financing Profit
−286
−5,920
−2,972
−5,396
−8,441
−6,446
−3,365
−1,185
614
−416
−262
1,286
1,890
Fin. Margin %
−1%
−32%
−18%
−38%
−59%
−43%
−23%
−8%
3%
−2%
−1%
5%
7%
Other Income
2,004
1,596
2,114
1,121
1,514
2,871
3,424
3,101
2,508
3,266
4,407
3,460
4,152
Interest
13,797
13,713
12,509
10,895
10,019
10,042
8,966
8,508
10,307
13,754
15,437
16,085
16,635
Depreciation
136
137
153
152
137
137
134
165
218
281
311
372
0
PBT
1,582
−4,460
−1,011
−4,427
−7,065
−3,713
−75
1,750
2,905
2,569
3,834
4,373
6,042
Tax %
28%
−37%
83%
0%
−39%
−34%
−321%
47%
36%
36%
36%
37%
—
Net Profit
1,138
−2,799
−1,851
−4,436
−4,321
−2,437
167
930
1,862
1,654
2,445
2,768
2,983
EPS (₹)
10.58
−26.03
−11.87
−19.22
−7.97
−2.46
0.17
0.78
1.56
1.38
1.95
2.21
2.38
Div. Payout %
19%
0%
0%
0%
0%
0%
0%
0%
0%
20%
20%
20%
—

Balance Sheet

₹ Cr
UCOBANK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
1,076
1,076
1,560
2,308
5,423
9,918
9,918
11,956
11,956
11,956
12,540
12,540
12,540
Reserves
11,473
11,446
11,194
12,649
11,968
9,291
12,688
11,638
13,809
15,401
18,465
20,710
22,039
Borrowing
8,633
17,240
9,535
12,449
8,324
15,695
15,383
13,508
20,501
25,331
28,687
23,310
26,075
Deposits
2,15,957
2,07,118
2,01,285
1,81,849
1,97,907
1,93,203
2,05,919
2,24,073
2,49,338
2,63,130
2,93,542
3,27,563
3,49,590
Other Liabilities
8,779
8,002
7,767
6,800
6,863
7,800
9,428
6,609
5,260
7,873
9,247
11,737
9,713
Total Liabilities
2,45,917
2,44,883
2,31,340
2,16,056
2,30,484
2,35,908
2,53,336
2,67,784
3,00,863
3,23,691
3,62,481
3,95,858
4,19,957
Fixed Assets
1,066
2,878
2,843
2,867
2,814
2,832
3,151
3,287
3,444
3,717
3,791
4,126
4,178
CWIP
48
6
6
8
8
8
67
48
65
65
61
74
0
Investments
64,223
83,974
74,019
70,962
82,232
90,999
93,783
96,874
95,169
92,904
94,272
98,777
99,928
Other Assets
1,80,580
1,58,024
1,54,471
1,42,219
1,45,430
1,42,069
1,56,335
1,67,575
2,02,184
2,27,006
2,64,357
2,92,881
3,15,851
Total Assets
2,45,917
2,44,883
2,31,340
2,16,056
2,30,484
2,35,908
2,53,336
2,67,784
3,00,863
3,23,691
3,62,481
3,95,858
4,19,957

Cash Flow

₹ Cr
UCOBANK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
7,861
−2,978
−3,852
−9,082
4,190
−10,658
2,422
4,399
2,983
1,002
1,913
−10,584
Investing
−151
−52
−217
−24
44
−250
106
−214
−67
−275
−680
−681
Financing
−553
−579
3,609
5,754
5,450
4,283
3,266
−1,637
−336
−430
5,870
−977
Net Cash Flow
7,157
−3,610
−459
−3,352
9,684
−6,626
5,794
2,548
2,580
297
7,102
−12,242
Free Cash Flow
7,688
−3,122
−3,991
−9,187
4,139
−10,782
2,258
4,189
2,701
703
1,576
−11,015

Ratios

UCOBANK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
10%
−22%
−15%
−32%
−27%
−13%
0%
4%
8%
6%
8%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view UCO Bank insights

85 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 90.95%
  • Public 4.36%
  • DIIs 4.14%
  • Others 0.48%
  • FIIs 0.06%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about UCO Bank

What does UCO Bank do?
UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.
Where is UCO Bank (UCOBANK) listed?
UCO Bank trades as UCOBANK on the NSE and under code 532505 on the BSE.
Which sector does UCO Bank belong to?
UCO Bank is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of UCO Bank?
UCO Bank trades at a PE ratio of 9.66 as of 4 Nov 2026, on earnings per share of ₹2.38, against a book value of ₹25.06 per share.
What is the 52-week high and low of UCO Bank?
Over the last 52 weeks UCO Bank has traded between ₹21.34 and ₹32.9 as of 4 Nov 2026.
Does UCO Bank pay dividends?
UCO Bank has a dividend yield of 1.95%.
What is the Return on Equity (ROE) of UCO Bank?
UCO Bank reported a return on equity of 8.61%.

Company Information

UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.

Website ucobank.com
CEO Mr. Ashwani Kumar
Employees 21,049
Listed 9 Oct 2003
Face Value ₹10

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