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UCO Bank

UCOBANK NSE

Key Fundamentals

SmallcapPublic Sector BankBanks
Market Cap
₹29,932 Cr
Volatility
Low Risk
P/E Ratio
10.77
EBITDA
₹4,145 Cr
Return on Equity
7.92%
Debt to Equity
0
Book Value
₹24.63
EPS
₹1.67
52W High
₹34.2
52W Low
₹22.22

Tapetide Score

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

Key Insights

Strengths

3
  • Stock is trading at 0.89 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

Growth Rate

Revenue Growth
17.33% higher than 3Y
Net Income Growth
47.85% higher than 3Y
Cash Flow Change
90.92% higher than 3Y
ROE
30.26% higher than 3Y
ROCE
5.56% lower than 3Y
EBITDA Margin (Avg.)
0.51% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

UCO Bank, a public sector bank with a market cap of ~₹29,932 Cr, trades at a P/E of 10.6x and P/B of 0.97x. The bank has shown a turnaround with 5-year compounded profit growth of 110%, though its 3-year ROE of ~8% remains modest and the stock has declined 18% over the past year.

Bull Case 7
  • Trades below book value at 0.88x P/B, suggesting the market is pricing the bank below its net asset value
  • Compounded profit growth of 110% over 5 years indicates a significant turnaround from prior loss-making years, with TTM profit still growing at 13%
  • P/E of 10.6x is relatively undemanding compared to broader market multiples, offering a margin of safety if earnings sustain
  • Healthy dividend payout of 20.1% with a current dividend yield of 1.84%, providing income support to shareholders
  • Working capital days reduced sharply from 263 days to 119 days, reflecting improved operational efficiency and balance sheet management
  • Revenue compounding at 14% over 3 years and 13% over 5 years shows consistent top-line momentum
  • Last year ROE improved to 9%, up from the 3-year average of 8% and well above the negative 10-year average of -2%, indicating a positive trajectory
Bear Case 8
  • Contingent liabilities stand at a massive ₹1,02,132 Cr, which dwarfs the bank's market cap of ~₹29,932 Cr and poses material risk if even a fraction crystallizes
  • Low interest coverage ratio signals the bank's earnings may be insufficient to comfortably service its debt obligations
  • 3-year ROE of just 7.81% is below the cost of equity for most investors and weak relative to stronger private and public sector peers
  • Stock has declined 18% over the past 1 year and delivered a negative 11% CAGR over 3 years, indicating sustained underperformance
  • 10-year ROE averages -2%, reflecting a prolonged history of capital destruction and NPA-related losses
  • Possible capitalization of interest costs raises concerns about the quality of reported earnings and asset valuations
  • 10-year stock CAGR of -5% shows the bank has failed to create long-term shareholder value over a full market cycle
  • TTM revenue growth has slowed to 5% from the 3-year CAGR of 14%, suggesting top-line momentum may be fading

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • UFBU strike notice Sep-Oct Sep 10

    United Forum of Bank Unions issued a strike notice for late September and October 2026. UCO Bank says it has taken steps for operational continuity, but disruptions remain a risk.

Positives 2
  • GST Smart digital MSME lending Sep 10

    UCO Bank partnered with ScoreMe Solutions to launch GST Smart, integrating GST intelligence into credit decisioning to enable faster, data-driven MSME lending while keeping decisions within existing policy frameworks.

  • Foreign currency fund raising planned Aug 19

    UCO Bank board meeting scheduled for Aug 24, 2026, to approve debt issuance under a Medium Term Note Programme for foreign currency fund raising, potentially strengthening the bank's capital base.

Neutral 1
  • MD & CEO charge extended Aug 25

    Rajendra Kumar Saboo's additional charge as MD & CEO extended until November 30, 2026, approved by the Department of Financial Services pending a permanent appointment.

TL;DR: UCO Bank is making positive strides in digital lending with its GST Smart launch for MSMEs and exploring foreign currency fundraising to bolster its balance sheet. The key near-term risk is the UFBU strike notice for Sep-Oct 2026, which could disrupt operations. Leadership continuity is maintained with the MD & CEO extension, though the lack of a permanent appointment adds mild uncertainty. The trend is cautiously positive if the bank executes on its digital and capital initiatives without major strike-related disruptions.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
5,224
5,219
5,552
5,860
6,024
6,078
6,220
6,745
6,436
6,537
6,652
6,656
6,996
Expenses
2,295
1,924
2,072
2,507
2,227
2,355
2,567
3,055
2,454
2,392
2,360
2,076
1,920
Financing Profit
-286
-7
-84
-319
27
-54
-190
-356
-51
141
286
538
889
Fin. Margin %
-5%
0%
-2%
-5%
0%
-1%
-3%
-5%
-1%
2%
4%
8%
13%
Other Income
633
647
861
1,125
835
993
1,186
1,392
997
884
869
709
1,686
Interest
3,215
3,302
3,564
3,672
3,770
3,778
3,842
4,046
4,033
4,004
4,006
4,042
4,188
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
347
640
777
806
862
939
996
1,036
946
1,025
1,155
1,247
2,575
Tax %
36%
37%
35%
35%
36%
36%
36%
37%
36%
40%
36%
36%
75%
Net Profit
223
402
503
526
551
603
639
652
607
620
740
801
656
EPS in Rs
0.19
0.34
0.42
0.44
0.46
0.5
0.53
0.52
0.48
0.49
0.59
0.64
0.52
Gross NPA %
4.48%
4.14%
3.85%
3.46%
3.32%
3.18%
2.91%
2.69%
2.63%
2.56%
2.41%
2.17%
2.08%
Net NPA %
1.18%
1.11%
0.98%
0.89%
0.78%
0.73%
0.63%
0.5%
0.45%
0.43%
0.36%
0.27%
0.25%
Figures in ₹ Crores

Profit & Loss

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
26,841
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
8,748
Financing Profit
-286
-5,920
-2,972
-5,396
-8,441
-6,446
-3,365
-1,185
614
-416
-262
1,286
1,854
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
4,149
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
16,240
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
6,002
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
2,817
EPS in Rs
10.58
-26.03
-11.87
-19.22
-7.97
-2.46
0.17
0.78
1.56
1.38
1.95
2.21
2.24
Div. Payout %
19%
0%
0%
0%
0%
0%
0%
0%
0%
20%
20%
20%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
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
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
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
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
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
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
CWIP
48
6
6
8
8
8
67
48
65
65
61
74
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
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
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
Figures in ₹ Crores

Cash Flow

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
CFO/OP
58
-38
-40
-165
266
-296
43
60
27
8
13
-61
Figures in ₹ Crores

Ratios

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

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Shareholding Pattern

FIIs0.06%Promot.90.95%Others0.47%Public4.22%DIIs4.31%As ofJun 2026

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.[1]
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 Financial Services sector, in the Banks industry.
What is the market capitalisation of UCO Bank?
UCO Bank has a market capitalisation of ₹29,932 Cr, which places it in the Large Cap band.
What is the PE ratio of UCO Bank?
UCO Bank trades at a PE ratio of 10.77, on earnings per share of ₹1.67, against a book value of ₹24.63 per share.
What is the 52-week high and low of UCO Bank?
Over the last 52 weeks UCO Bank has traded between ₹22.22 and ₹34.2.
Does UCO Bank pay dividends?
UCO Bank has a dividend yield of 1.84%.
What is the Return on Equity (ROE) of UCO Bank?
UCO Bank reported a return on equity of 7.92%. Its debt-to-equity ratio is 0.00.

Company Information

UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.[1]

Website ucobank.com
CEO Mr. Ashwani Kumar
Employees 21,049
Listed 2003-10-09
Face Value ₹ 10
Issued Size 12,53,95,58,979

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