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UCO Bank (UCOBANK) Fair Value & Analysis

Financial Services · IN · Market cap ₹323B

UB UCO Bank UCOBANK · BSE
Price₹25.75
Fair Value₹32.91
Upside+27.8%
Quality44/100
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Strengths

Trades 22% below our fair value of ₹32.91
Highly profitable · 21.5% net margin

Risks

!Expensive Growth (revenue 5y +6.6 %/yr)
!negative free cash flow
!Moderate moat 52/100
!Evidence only medium, so the estimate is less certain
Expensive Growth (revenue 5y +6.6 %/yr)
Highly profitable · 21.5% net margin
negative free cash flow
Moderate moat 52/100
Evidence: Medium Range ₹24.68 – ₹41.14 Share as image

Fair value as of: Aug 24, 2026

From 4 valuation models · updated today

Share price −3.0% over the past month.

Below-average quality, screening 28% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from ₹24.68 (bear) to ₹41.14 (bull), base ₹32.91. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹66.00 ₹10.22 Fair Value ₹32.91 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range ₹10.22 – ₹66.00 · fair‑value band ₹24.68 – ₹41.14 · the ₹25.75 price screens below the ₹32.91 fair value. Dashed = 300-day average. As of Aug 24, 2026.

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Analysis

UCO Bank (UCOBANK) currently trades at ₹25.75, while our model-based Fair Value estimate is ₹32.91, implying the stock looks roughly 27.8% undervalued today. The Quality Score stands at 44/100 (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: medium), always confirm before acting.

Over the trailing twelve months, UCO Bank generated revenue of ₹131B at a net margin of 21.5%. Revenue grew 53.0% year over year. It earns a return on equity of 8.5%. The stock trades on a trailing P/E of 11.4. Fundamentals as of Aug 24, 2026

Our scenario range runs from ₹24.68 (bear case) to ₹41.14 (bull case); at ₹25.75, 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 23% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 46% fair-value upside, at 28%, 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 ₹22.64 ₹24.58 ₹32.36 76
P/E Multiple ₹21.52 ₹28.69 ₹35.87 63
P/B Multiple ₹27.84 ₹37.12 ₹46.40 55
All 4 models by family
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 ₹22.64 ₹24.58 ₹32.36 76

Widest divergence: Multiples (₹28.69) versus Asset-Based (₹17.77). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 11.4
P/S ratio 2.47 TTM
Net margin 21.5% TTM
Return on equity 8.5% TTM
Return on assets 0.7% TTM
Operating margin 60.4% TTM
More key figures
Profitability
EPS (TTM) ₹2.25
Growth
Revenue (TTM) ₹131B TTM
Revenue growth (YoY) +53.0% 3y avg +7.8%
EPS growth (YoY) +8.3%
Balance sheet & cash flow
Free cash flow −₹112B FY2026

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 36 · Market factors (momentum, volatility) 46

Profitability 39
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 74
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

UCO Bank provides a range of banking and financial services in India and internationally. The company accepts deposit products, such as current accounts, saving accounts, salary accounts, PPF accounts, fixed deposits, recurring deposits, accounts in foreign currency, salary accounts, and fee collection accounts.

Full company description

UCO Bank provides a range of banking and financial services in India and internationally. The company accepts deposit products, such as current accounts, saving accounts, salary accounts, PPF accounts, fixed deposits, recurring deposits, accounts in foreign currency, salary accounts, and fee collection accounts. It also provides 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 offers life, health, and general insurance products; credit and debit cards; internet banking services; and international banking services, including 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, the company provides government deposit schemes/bonds, pension payments/schemes, and tax collection services; merchant banking; 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 December 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 ₹123B in FY2026 versus ₹95.7B in FY2022, a compound +6.5%/yr. Reported net income was ₹27.7B in FY2026, compounding +32.6%/yr from FY2022.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹123B
Latest YoY
+8.0%
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.
+7.8%
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.
+6.6%
Avg. growth/yr (7Y) 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.
+11.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+36.9% (36.9 + 0.0)
Revenue +6.5%/yr
FY22 ₹95.7B
FY23 ₹98.5B
FY24 ₹108B
FY25 ₹114B
FY26 ₹123B
Net income +32.6%/yr
FY22 ₹8.9B
FY23 ₹18.3B
FY24 ₹16.7B
FY25 ₹24.4B
FY26 ₹27.7B

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

Peer Group

Banks - Regional · 1091 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 43 · Bottom 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 9% · Below median
Return on assets 1% · Below median
Net margin (TTM) 22% · Below median
Operating margin (TTM) 60% · Top 25%
Revenue growth 53% · Top 25%
Dividend yield (TTM) 1.5% · Below median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than median
P/B 0.97× · Cheaper than median
P/S (TTM) 2.47× · Cheaper than median

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

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 24, 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 4,150 IDR 6,067 IDR +46%
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 24, 2026, our model estimates a fair value of ₹32.91 versus a price of ₹25.75, about +28% (undervalued).
What is the fair value of UCOBANK?
Our model-based fair value for UCO Bank is ₹32.91 (as of Aug 24, 2026), built from audited fundamentals. The current price: ₹25.75.
What is the quality score of UCOBANK?
UCO Bank has a Quality Score of 44/100. 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 ₹131B (latest available figure, as of Aug 24, 2026).
What is the net profit margin of UCOBANK?
The net profit margin of UCO Bank is about 21.5%, meaning it keeps roughly 21.5% of revenue as net income. Based on the latest reported figures.

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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