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UCO Bank (UCOBANK) Fair Value & Analysis

Financial Services · IN · Market cap ₹338B

UB UCO Bank UCOBANK · NSE
Price₹26.11
Fair Value₹27.83
Upside+6.6%
Quality35/100
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Expensive Growth
Highly profitable · 23.9% net margin
Low debt · negative free cash flow
1.62% dividend yield
Mixed vs. peers (6/13)
Wide moat 67/100
Evidence: High Range ₹20.88 – ₹34.79 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 4 days ago

Share price +0.2% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹66.05 ₹10.24 Fair Value ₹27.83 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹10.24 – ₹66.05 · fair‑value band ₹20.88 – ₹34.79 · the ₹26.11 price screens below the ₹27.83 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

UCO Bank (UCOBANK) currently trades at ₹26.11, while our model-based Fair Value estimate is ₹27.83, implying the stock looks roughly 6.6% fairly valued today. The Quality Score stands at 35/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, UCO Bank generated revenue of ₹116B at a net margin of 23.9%. Revenue declined 12.6% year over year. It earns a return on equity of 8.6%. The balance sheet holds a net cash position of ₹5.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹20.88 (bear case) to ₹34.79 (bull case); at ₹26.11, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at 7%, UCOBANK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹22.59 ₹24.52 ₹32.92 76
Gordon GGM ₹3.75 ₹8.19 ₹13.78 70
P/E Multiple ₹21.52 ₹28.69 ₹35.87 63
All 6 models by family
Dividend Discount
Gordon GGM ₹3.75 ₹8.19 ₹13.78 70
DDM Multi-Stage ₹3.75 ₹6.71 ₹8.54 61
Multiples
P/E Multiple ₹21.52 ₹28.69 ₹35.87 63
P/B Multiple ₹27.84 ₹37.12 ₹46.40 55
Asset-Based
NCAV (Graham) ₹13.26 ₹17.77 ₹26.52 50
Economic Profit
Residual Income ₹22.59 ₹24.52 ₹32.92 76

Widest divergence: Multiples (₹28.69) versus Dividend Discount (₹6.71). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹116B
Revenue growth (YoY) -12.6%
Net margin 23.9%
Return on equity 8.6%
Free cash flow −₹112B FY2026
P/E ratio 11.8
More key figures
Operating margin 41.6%
EPS (TTM) ₹2.21
Dividend yield 1.6%
EPS growth (YoY) +14.9%
Net cash ₹5.7B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 28 · Market factors (momentum, volatility) 48

Profitability 23
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 34
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

UCO Bank provides various banking and financial services in India and internationally. The company's deposit products include current accounts, saving accounts, fixed deposits, recurring deposits, accounts in foreign currency, and fee collection accounts.

Full company description

UCO Bank provides various banking and financial services in India and internationally. The company's deposit products include current accounts, saving accounts, fixed deposits, recurring deposits, accounts in foreign currency, and fee collection accounts. It also offers agri, home, education, gold, personal, vehicle, and mortgage loans; finance to micro and small enterprises; working capital financing; term loans; infrastructure finance; and agriculture credit. In addition, the company provides life, health, and general insurance products; credit and debit cards; internet banking services; and international banking services, such as NRI banking, foreign currency loans, finance to exporters and importers, remittances, forex and treasury services, resident foreign currency deposits, and correspondent banking services to Indian customers, corporates, NRIs, overseas corporate bodies, foreign companies/individuals, and foreign banks. Further, it provides government deposit schemes/bonds, pension payments/schemes, and tax collection services; merchant banking services; sovereign gold bonds; and mutual funds. The company was formerly known as The United Commercial Bank Ltd. and changed its name to UCO Bank in 1985. UCO Bank was incorporated in 1943 and is headquartered in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

UCO Bank reported revenue of ₹284B in FY2026 versus ₹181B in FY2022, a compound +12.0%/yr. Reported net income was ₹27.7B in FY2026, compounding +31.4%/yr from FY2022.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹284B
Latest YoY
+5.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Revenue +12.0%/yr
FY22 ₹181B
FY23 ₹202B
FY24 ₹246B
FY25 ₹268B
FY26 ₹284B
Net income +31.4%/yr
FY22 ₹9.3B
FY23 ₹18.3B
FY24 ₹16.7B
FY25 ₹24.7B
FY26 ₹27.7B

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Cite: Fair Value Calculator (2026). "UCO Bank Fair Value". https://www.fairvalue-calculator.com/stock/UCOBANK

Peer Group

Banks - Regional · 1085 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 9% · Below median
Return on assets 1% · Below median
Net margin (TTM) 24% · Below median
Operating margin (TTM) 42% · Above median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 1.6% · Bottom 25%
Debt / equity 0.48× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 1.02× · Cheaper than median
P/S (TTM) 2.91× · Cheaper than median
EV/EBITDA 5.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 0 · sector 44
PAST 35 · sector 41
HEALTH 76 · sector 85
DIVIDEND 32 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is UCO Bank (UCOBANK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹27.83 versus a price of ₹26.11, about +7% (fairly valued).
What is the fair value of UCOBANK?
Our model-based fair value for UCO Bank is ₹27.83 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹26.11.
What is the quality score of UCOBANK?
UCO Bank has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of UCO Bank (UCOBANK)?
UCO Bank reported trailing-twelve-month revenue of about ₹116B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of UCOBANK?
The net profit margin of UCO Bank is about 23.9%, meaning it keeps roughly 23.9% of revenue as net income. Based on the latest reported figures.
Does UCO Bank pay a dividend?
UCO Bank currently shows a dividend yield of about 1.62% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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