UCO Bank
UCOBANK NSE
UCO Bank
Financial ServicesNSE: UCOBANK BSE: 532505 Banks
UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.[1]
AI Verdict: HOLD Confidence: 4%
UCO Bank trades at an attractive 1.12x book value with improving profitability (13% TTM profit growth), but low ROE of 7.81% over 3 years, massive contingent liabilities of Rs.1,02,132 Cr, and negative 10-year stock CAGR of -3% suggest limited margin of safety. The stock lacks analyst coverage, making conviction difficult.
Key Fundamentals
SmallcapPublic Sector BankBanksMarket Cap
₹34,108 Cr
Volatility
Moderate
P/E Ratio
12.35
EBITDA
₹4,145 Cr
Return on Equity
6.08%
Debt to Equity
0
Book Value
₹24
EPS
₹1.67
52W High
₹34.2
52W Low
₹22.22
Technical Indicators
Key Insights
Strengths
3- Stock is trading at 1.02 times its book value
- Company has been maintaining a healthy dividend payout of 20.1%
- Company's working capital requirements have reduced from 274 days to 129 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% ↗
Net Income Growth
47.85% ↗
Cash Flow Change
90.92% ↗
ROE
30.26% ↗
ROCE
5.56% ↗
EBITDA Margin (Avg.)
0.51% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 1d agoHOLD
Risk high
UCO Bank trades at an attractive 1.12x book value with improving profitability (13% TTM profit growth), but low ROE of 7.81% over 3 years, massive contingent liabilities of Rs.1,02,132 Cr, and negative 10-year stock CAGR of -3% suggest limited margin of safety. The stock lacks analyst coverage, making conviction difficult.
Bull Case 8
- Stock trades at just 1.12x price-to-book, near book value, offering deep value in the PSU banking space
- Compounded profit growth of 110% over 5 years signals a strong earnings recovery trajectory from prior losses
- PE ratio of 12.1x is reasonable for a bank with improving fundamentals and below PSU bank sector average
- Healthy dividend payout of 20.1% with current yield of 1.64% provides income support for patient investors
- Revenue growth of 14% over 3 years and 13% over 5 years shows consistent top-line expansion
- Working capital days reduced from 274 to 129 days, indicating significantly improved operational efficiency
- TTM profit growth of 13% continues the positive earnings momentum into the current period
- ROE improved from negative territory (10-year average of -2%) to 9% last year, showing turnaround progress
Bear Case 8
- Contingent liabilities of Rs.1,02,132 Cr are alarmingly high relative to market cap of Rs.33,531 Cr — over 3x market cap
- 3-year ROE of just 7.81% is well below cost of equity and inferior to private bank peers delivering 14-18% ROE
- Low interest coverage ratio indicates vulnerability to credit stress and limited buffer against asset quality deterioration
- 10-year stock CAGR of -3% means long-term shareholders have destroyed wealth even before adjusting for inflation
- Zero analyst coverage with no buy, hold, or sell ratings suggests institutional disinterest and limited research visibility
- 1-year stock return of -10% shows recent underperformance despite broader market strength
- Possible capitalization of interest costs raises concerns about true earnings quality and asset valuation integrity
- 10-year compounded sales growth of only 4% reflects structurally slow business expansion over a full cycle
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Neutral 4
- Interim MD & CEO appointed Jun 19
Rajendra Kumar Saboo, Executive Director, takes additional charge as MD & CEO from June 1, 2026, until August 31, 2026, as an interim arrangement.
- Government holds 90.95% stake Jun 15
President of India holds 11,404,910,524 shares (90.95%) in UCO Bank as of March 31, 2026, with no encumbrances made during FY26.
- AGM approves FY26 results, dividend Jun 12
Shareholders approved FY26 financial results and a dividend declaration at the 23rd AGM held on June 12, 2026.
- MD & CEO Ashwani Kumar exits Jun 1
Ashwani Kumar ceased as MD & CEO on May 31, 2026, after completing his three-year tenure. Change notified under SEBI regulations.
TL;DR: UCO Bank is in a routine leadership transition phase with no operational or financial red flags surfacing. Government ownership remains dominant at 90.95% with zero encumbrance, signaling stability. The AGM proceeded smoothly with dividend approval, indicating steady earnings. The key watch item is the permanent MD & CEO appointment expected by September 2026, which could set the strategic direction ahead.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,987 | 5,224 | 5,219 | 5,552 | 5,860 | 6,024 | 6,078 | 6,220 | 6,745 | 6,436 | 6,537 | 6,652 | 6,656 |
| Expenses | 2,025 | 2,295 | 1,924 | 2,072 | 2,507 | 2,227 | 2,355 | 2,567 | 3,055 | 2,454 | 2,392 | 2,360 | 2,076 |
| Financing Profit | -53 | -286 | -7 | -84 | -319 | 27 | -54 | -190 | -356 | -51 | 141 | 286 | 538 |
| Fin. Margin % | -1% | -5% | 0% | -2% | -5% | 0% | -1% | -3% | -5% | -1% | 2% | 4% | 8% |
| Other Income | 960 | 633 | 647 | 861 | 1,125 | 835 | 993 | 1,186 | 1,392 | 997 | 884 | 869 | 709 |
| Interest | 3,015 | 3,215 | 3,302 | 3,564 | 3,672 | 3,770 | 3,778 | 3,842 | 4,046 | 4,033 | 4,004 | 4,006 | 4,042 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 907 | 347 | 640 | 777 | 806 | 862 | 939 | 996 | 1,036 | 946 | 1,025 | 1,155 | 1,247 |
| Tax % | 36% | 36% | 37% | 35% | 35% | 36% | 36% | 36% | 37% | 36% | 40% | 36% | 36% |
| Net Profit | 581 | 223 | 402 | 503 | 526 | 551 | 603 | 639 | 652 | 607 | 620 | 740 | 801 |
| EPS in Rs | 0.49 | 0.19 | 0.34 | 0.42 | 0.44 | 0.46 | 0.5 | 0.53 | 0.52 | 0.48 | 0.49 | 0.59 | 0.64 |
| Gross NPA % | 4.78% | 4.48% | 4.14% | 3.85% | 3.46% | 3.32% | 3.18% | 2.91% | 2.69% | 2.63% | 2.56% | 2.41% | 2.17% |
| Net NPA % | 1.29% | 1.18% | 1.11% | 0.98% | 0.89% | 0.78% | 0.73% | 0.63% | 0.5% | 0.45% | 0.43% | 0.36% | 0.27% |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financing Profit | -286 | -5,920 | -2,972 | -5,396 | -8,441 | -6,446 | -3,365 | -1,185 | 614 | -416 | -262 | 1,286 |
| Fin. Margin % | -1% | -32% | -18% | -38% | -59% | -43% | -23% | -8% | 3% | -2% | -1% | 5% |
| 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 |
| 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 |
| Depreciation | 136 | 137 | 153 | 152 | 137 | 137 | 134 | 165 | 218 | 281 | 311 | 372 |
| PBT | 1,582 | -4,460 | -1,011 | -4,427 | -7,065 | -3,713 | -75 | 1,750 | 2,905 | 2,569 | 3,834 | 4,373 |
| 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 |
| 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 |
| Div. Payout % | 19% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 20% | 20% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 10% | -22% | -15% | -32% | -27% | -13% | 0% | 4% | 8% | 6% | 8% | 9% |
Documents
1
Clarification sought from UCO Bank
18 Jun - Exchange has sought clarification from UCO Bank on June 18, 2026, with reference to Movement in Volume. 18 Jun - Exchange has sought clarification from UCO Bank on June 18, 2026, with reference to Movement in Volume.
2
Announcement under Regulation 30 (LODR)-Change in Directorate
8 May - Shri Subhash Shankar Malik ceased as part-time non-official director on 7 May 2026. 8 May - Shri Subhash Shankar Malik ceased as part-time non-official director on 7 May 2026.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
8 May - UCO Bank filed FY26 secretarial compliance report; noted noncompliance on women director and audit committee composition. 8 May - UCO Bank filed FY26 secretarial compliance report; noted noncompliance on women director and audit committee composition.
4
Announcement under Regulation 30 (LODR)-Interest Rates Updates
7 May - UCO Bank revises select benchmark rates, effective 10 May 2026; MCLR unchanged. 7 May - UCO Bank revises select benchmark rates, effective 10 May 2026; MCLR unchanged.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Apr - UCO Bank audited FY26 results: Q4 net profit Rs801 crore; annual profit Rs2,768 crore; dividend 44 paise proposed. 25 Apr - UCO Bank audited FY26 results: Q4 net profit Rs801 crore; annual profit Rs2,768 crore; dividend 44 paise proposed.
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 is listed on the Indian stock exchanges. It is listed on NSE: UCOBANK and BSE: 532505. You can view its live share price, financials, and ratios on Tapetide.
Which sector does UCO Bank belong to?
UCO Bank operates in the Financial Services sector within the Banks industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of UCO Bank?
UCO Bank has a market capitalisation of approximately ₹34107.60 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of UCO Bank?
The Price-to-Earnings (PE) ratio of UCO Bank is 12.35. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of UCO Bank?
Over the past 52 weeks, UCO Bank has traded between a low of ₹22.22 and a high of ₹34.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does UCO Bank pay dividends?
Yes, UCO Bank has a dividend yield of 1.62%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of UCO Bank?
UCO Bank has a Return on Equity (ROE) of 6.08%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research UCO Bank on Tapetide?
On Tapetide, you can view UCO Bank's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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