UCO Bank

•

uco.bank.inBSE: 532505NSE: UCOBANK

Market Cap₹ 30,070 Cr.

Current Price

High / Low₹ 34 / 22

Stock P/E12.2

Book Value₹ 22

Price to Book1.61

Dividend Yield1.83 %

ROCE11.1 %

ROE9.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Corporate/Wholesale Banking: 38.4% • Other Retail Banking-Retail Banking: 33.3% • Treasury: 28.1%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Comfortable capital adequacy - CAR of 18.6%
Company has consistently been profitable over the last 5 years
Strong provisioning - provision coverage ratio of 96.7%
Healthy loan book growth of 19.8% with stable asset quality
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.3

CONS

A large part of profit comes from other income (114.9% of PBT)
Weak return ratios for a lender: 3Y avg ROA 0.6%
Operating margins have contracted to 24.1% from 32.0%
Company's return on assets is weak at 0.7%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Public

Part ofNIFTY TOTAL MKT BSE Enhanced Value Index NIFTY PSU BANK NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	SBIN	997.00	10.68	920292.57	1.74	24579.04	13.65	136240.49	8.36	12.16	52.34
2.	UNIONBANK	178.00	6.58	135878.18	2.81	5368.17	29.77	27427.10	1.21	14.57	69.42
3.	PNB	116.65	6.07	134065.18	2.57	5339.15	191.40	33589.17	3.12	13.26	75.40
4.	BANKBARODA	237.80	6.77	122974.99	3.57	1572.59	-53.08	35114.52	6.84	11.20	33.10
5.	INDIANB	852.90	8.99	114882.56	2.14	3299.48	48.73	18095.14	11.11	16.28	67.14
6.	CANBK	123.90	5.66	112385.37	3.39	4864.08	61.96	32957.16	4.55	14.46	68.47
7.	MAHABANK	84.17	8.59	64739.82	2.61	2020.54	26.83	8034.65	13.90	16.53	68.61
8.	IOB	33.13	10.71	63797.08	0.00	1659.24	49.25	8777.57	18.82	11.31	54.56
9.	BANKINDIA	139.80	5.40	63646.30	3.33	3138.46	77.92	20096.90	8.83	10.97	73.18
10.	UCOBANK	23.98	12.18	30069.86	1.83	652.43	24.09	6744.59	15.10	11.00	54.71
11.	CENTRALBK	30.75	6.10	27833.06	3.90	1328.95	5.43	9725.90	12.79	8.27	67.83
12.	PSB	22.78	11.68	16163.74	1.71	331.51	23.16	3213.37	10.40	9.07	71.38

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	3,773	3,851	4,185	4,627	4,987	5,224	5,219	5,552	5,860	6,024	6,078	6,220	6,745
Interest Expended	2,120	2,202	2,415	2,675	3,015	3,215	3,302	3,564	3,672	3,770	3,778	3,842	4,046
Net Interest Income	1,652	1,650	1,770	1,952	1,972	2,009	1,917	1,988	2,187	2,254	2,300	2,378	2,698
	589	-54	780	823	960	633	647	861	1,125	835	993	1,186	1,392
Total Income	0	0	0	0	0	5,857	5,866	6,413	6,985	6,859	7,071	7,406	8,137
Operating Expenses	0	0	0	0	0	14,395	15,815	17,298	20,394	17,678	18,618	19,779	23,919
Operating Profit	0	0	0	0	0	12,024	9,819	11,191	12,729	13,212	14,316	15,857	16,988
Provisions & Contingencies	0	0	0	0	0	8,557	3,421	3,422	4,674	4,588	4,928	5,895	6,626
Profit before Tax	484	193	784	1,021	907	347	640	777	806	862	939	996	1,036
Tax %	35.50%	35.99%	35.65%	36.08%	35.88%	35.53%	37.22%	35.28%	34.73%	36.12%	35.79%	35.87%	37.03%
Net Profit	0	0	0	0	0	223	402	503	526	551	603	639	652
EPS	0	0	0	1	0	0	0	0	0	0	1	1	1

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	0	0	0	21,854	25,067	—
Interest Expended	8,966	8,508	10,307	13,754	15,437	15,437
Net Interest Income	-8,966	-8,508	-10,307	8,101	9,630	—
	3,424	3,101	2,508	3,266	4,407	4,407
Total Income	0	0	0	25,120	29,474	29,474
	0	0	0	6,790	7,999	—
Operating Profit	-8,966	-8,508	-10,307	4,576	6,037	—
	440	210	324	2,007	2,204	—
Profit before Tax	-75	1,750	2,905	2,569	3,834	3,834
Tax %	-0.00%	0.00%	0.00%	35.62%	36.22%	36.22%
Net Profit	167	930	1,862	1,654	2,445	2,445
EPS	0	1	2	1	2	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 40%

STOCK PRICE CAGR

10 Years:: -5%
5 Years:: 11%
3 Years:: -11%
1 Year:: -18%

RETURN ON EQUITY

10 Years:: —
5 Years:: 6%
3 Years:: 8%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	9,918	11,956	11,956	11,956	12,540
	9,998	11,513	13,648	15,258	18,345
	2,05,919	2,24,073	2,49,338	2,63,130	2,93,542
	15,383	13,508	20,501	25,331	28,687
Other Liabilities & Provisions	9,428	6,609	5,260	7,873	9,247
Total Liabilities	2,53,246	2,67,659	3,00,702	32	36
ASSETS	-	-	-	-	-
	9,445	10,288	10,300	10,197	10,359
Balances with Banks & Money at Call	14,155	15,860	18,428	18,828	25,768
	93,693	96,749	95,009	92,761	94,153
	1,11,355	1,22,784	1,55,870	1,82,022	2,15,135
	3,151	3,287	3,444	3,717	3,791
	21,380	18,643	17,586	15,958	13,095
Total Assets	2,53,246	2,67,659	3,00,702	32	36

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2,422	4,399	2,983	1,002	1,913
Cash from Investing	-155	-200	-267	-295	-328
Cash from Financing	3,266	-1,637	-336	-430	5,869
	5,533	2,562	2,380	277	7,454

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.15	0.75	1.53	1.40	1.97
Book Value (₹)	17.37	17.34	19.07	20.25	22.20
Dividend per Share (₹)	0.00	0.00	0.00	0.28	0.39
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	2.67%	2.79%
ROA %	0.07%	0.36%	0.66%	0.53%	0.71%
ROE %	0.97%	4.90%	8.56%	7.03%	9.39%
	0.00%	0.00%	0.00%	59.74%	56.99%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	3.46%	2.69%
Net NPA %	0.00%	0.00%	0.00%	0.89%	0.50%
Provision Coverage %	0.00%	0.00%	0.00%	95.38%	96.69%
Slippage Ratio %	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	37.45%	35.83%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.10%	0.10%
	0.00%	0.00%	0.00%	0.00%	0.00%
GROWTH & VALUATION
Net Profit Growth %	0.00%	456.63%	100.30%	-11.20%	47.85%
Book Value Growth %	0.00%	0.00%	0.00%	6.21%	9.61%
P/E (x)	0.00x	0.00x	0.00x	37.35x	18.16x
P/B (x)	0.00x	0.00x	0.00x	2.58x	1.61x
	0.00%	0.00%	0.00%	0.54%	1.09%

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	95.39	95.39	90.95	90.95	90.95	90.95	90.95	90.95
	0.02	0.02	0.44	0.13	0.13	0.14	0.08	0.06
	1.32	1.33	5.36	4.74	4.52	4.42	4.39	4.30
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	3.26	3.25	3.25	4.17	4.39	4.49	4.57	4.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Updates

2026-09-10 - UCO Bank has informed the Exchange regarding 'Notice of Strike by UFBU'.

2026-09-07

Updates

2026-09-07 - UCO Bank has informed the Exchange regarding 'Interest Rate Updates' effective from 07-Sept-2026

2026-08-25

General Updates

2026-08-25 - UCO Bank has informed the Exchange about Extension of Additional Charge of the post of Managing Director & Chief Executive Officer of UCO Bank

2026-08-24

Outcome of Board Meeting

2026-08-24 - UCO Bank has informed the Exchange regarding Outcome of Board Meeting held on August 24, 2026

2026-08-13

Appointment

2026-08-13 - UCO Bank has informed the Exchange regarding Appointment of Manohar Lal Paliwal as Part- time Non-Official Director of the Bank w.e.f. August 12, 2026.

2026-08-07

Updates

2026-08-07 - UCO Bank has informed the Exchange regarding 'Revision in Benchmark Rates'.

2026-08-05

Credit Rating

2026-08-05 - UCO Bank has informed the Exchange about Credit Rating

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - UCO Bank has informed the Exchange about Transcript

2026-07-27

Credit Rating- New

2026-07-27 - UCO Bank has informed the Exchange about new Rating assigned by Fitch Ratings