UCO Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

UCO Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – UCO Bank was set up in 1943 by Ghanshyam Das Birla to usher in the Idea of having a commercial bank in India. Earlier UCO Bank was called as United Commercial Bank but was later renamed as UCO in the year 1985.

Across the country, UCO Bank is now running and maintaining above 3205 branches and 2564 ATMs and has more than 21,000 employees on its payrolls. It is almost 600 billion INR that makes it the ninth largest PSB in India, providing consumer banking, investment banking and wealth management.UCO Bank Share Price Target

Latest Update -On Monday, Uco Bank, which is owned by the government, said that it had recorded an increase of 147 percent in net profit as compared to the same time last year and it was at Rs 551 crore during April to June quarter. During the corresponding period a year ago, lender’s bottom line was Rs 223 crore.

UCO Bank Overview

UCO Bank offers a wide array of banking and financial services, such as retail banking, corporate banking and treasury operations. The corporate banking of the Bank encompasses debt/primarily, credit uplift, deposits, value-added facilities; the international banking includes non-resident Indian (NRI) banking, loans in foreign currencies, exporter financing/export financing services, importer financing/ financing services, remittance services, foreign exchange & treasury services, resident foreign currency (domestic) deposit services, contact banking service; while rural banking covers agricultural credit, financial inclusion and MSME.

Company Name UCO Bank Limited
Listed at NSE & BSE
Head Office  UCO Bank Head Office, 10, B T M Sarani, Kolkata – 700 001 West Bengal India
Board Of Directors
  • Mr.Rajendra Kumar Saboo Executive Director
  • Mr.Vijaykumar Nivrutti Kamble Executive Director
  • Dr.Sanjay Kumar Government Nominee Director
  • Mr.Ashwani Kumar Managing Director & CEO
  • Mr.Rajesh Kumar Nominee Director
  • Mr.Aravamudan Krishna Kumar Non Executive Chairman
  • Mr.Anjan Talukdar Part Time Non Official Director
  • Mr.Subhash Shankar Mailk Part Time Non Official Director
  • Mr.Ravi Kumar Agrawal Part Time Non Official Director
  • Mr.Pramoda Ranjan Mishra Shareholder Director
Official Website ucobank.com

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UCO Bank Business Profile

UCO Bank is a commercial bank and a Government of India Undertaking. The premise is that when other banks only concentrate on offering all sorts of different financial products, UCO Bank is focused on its clients. This means providing them with various international banking services, non-resident Indian (NRI) services, lending schemes, deposit schemes and global e-banking solutions among others. The bank has also been authorized to directly collect taxes from its numerous branches scattered across India.

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Branch Network

Around 3,205 branches and approximately 2,564 ATMs are operated by the bank in India. Most of its branches are concentrated in eastern India. Total advances of the bank contain 26% retail advances, and the next are MSMEs (26%), corporates and other customers (26%) as well as agriculture (22%).

Currently credit inspecting organizations allocate ratings of A or higher to 55% of loans by the bank while 32% have a rating less than or equal to BBB. Unrated loans make up 13% of all advancements.

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Industry-wise Exposure

The bank has loans and investments in multiple sectors. The top sectors with more exposure are infrastructure (22%), NBFC (20%), basic metal (12%), construction (4%), food processing (4%), textile (3%), engineering (7%) among others.

The bank has only 2 overseas branches situated at Hong Kong and Singapore centers. The total overseas business accounts for only 5%. Only one RRB is sponsored by the bank, namely Paschim Banga Gramin Bank, which had a total business of 8,944 crores and an income of ~40 crores.

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UCO Bank Fundamentals & Quarterly Results

Market Cap ₹ 68,149 Cr.
Current Price ₹ 57.0
High / Low ₹ 70.7 / 27.0
Stock P/E 34.4
Book Value ₹ 22.9
Dividend Yield 0.49 %
ROCE 5.34 %
ROE 6.22 %
Face Value ₹ 10.0
Debt to Equity 10.5
Debt Capacity -2.44
Debt Preceding Year ₹ 2,69,839 Cr.
Debt ₹ 2,88,461 Cr.
Reserves ₹ 15,401 Cr.
EPS ₹ 1.66
EPS Last Year ₹ 1.38
Pledged Percentage 0.00 %
FCF Previous Annual ₹ 2,701 Cr.
EV/EBITDA 18.8
Industry P/E 9.46
PEG Ratio 1.81
Piotroski Score 5.00
Earnings Yield 5.34 %
Sales Growth (5 Years) 8.81 %

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UCO Bank Quarterly Results

Period Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Revenue 3,851 4,185 4,627 4,987 5,224 5,219 5,552 5,860 6,024
Interest 2,202 2,415 2,675 3,015 3,215 3,302 3,564 3,672 3,770
Expenses 1,402 1,766 1,754 2,025 2,295 1,924 2,072 2,507 2,227
Financing Profit 248 4 198 -53 -286 -7 -84 -319 27
Financing Margin % 6% 0% 4% -1% -5% 0% -2% -5% 0%
Other Income -54 780 823 960 633 647 861 1,125 835
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 193 784 1,021 907 347 640 777 806 862
Tax % 36% 36% 36% 36% 36% 37% 35% 35% 36%
Net Profit 124 505 653 581 223 402 503 526 551
EPS in Rs 0.10 0.42 0.55 0.49 0.19 0.34 0.42 0.44 0.46
Gross NPA % 7.42% 6.58% 5.63% 4.78% 4.48% 4.14% 3.85% 3.46% 3.32%
Net NPA % 2.49% 1.99% 1.66% 1.29% 1.18% 1.11% 0.98% 0.89% 0.78%

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CAGR Report

10 Years 5 Years 3 Years TTM/1 Year
Compounded Sales Growth 2% 9% 15% 19%
Compounded Profit Growth 1% 19% 190% 1%
Stock Price CAGR -6% 26% 59% 90%
Return on Equity -6% 2% 6% 6%

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UCO Bank Shareholding Pattern

Shareholding Pattern Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2024
Promoters 84.23% 93.29% 94.44% 94.44% 95.39% 95.39% 95.39% 95.39%
FIIs 0.86% 0.30% 0.12% 0.11% 0.02% 0.16% 0.03% 0.03%
DIIs 9.95% 4.24% 2.31% 1.59% 1.29% 1.37% 1.32% 1.32%
Public 4.96% 2.17% 3.12% 3.86% 3.30% 3.08% 3.26% 3.26%
No. of Shareholders 2,96,570 2,97,121 3,18,563 3,75,199 4,26,244 5,36,942 7,39,097 7,78,049

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UCO Bank Share Price Target 2024-2030 Forecast

Year Initial Target Mid-Year Target Year-End Target
2024 ₹72.41 ₹94.59 ₹107.9
2025 ₹110 ₹102 ₹120
2026 ₹122 ₹114 ₹138
2027 ₹141 ₹132 ₹157
2028 ₹160 ₹150 ₹177
2029 ₹181 ₹171 ₹204
2030 ₹208 ₹195 ₹232

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UCO BANK Share Price Target 2025

Month Target
January ₹110
February ₹112
March ₹114
April ₹110
May ₹106
June ₹102
July ₹106
August ₹110
September ₹114
October ₹116
November ₹118
December ₹120

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UCO BANK Share Price Target 2026

Month Target
January ₹122
February ₹124
March ₹126
April ₹122
May ₹118
June ₹114
July ₹119
August ₹124
September ₹129
October ₹132
November ₹135
December ₹138

UCO BANK Share Price Target 2027

Month Target
January ₹141
February ₹144
March ₹147
April ₹142
May ₹137
June ₹132
July ₹137
August ₹142
September ₹148
October ₹151
November ₹154
December ₹157

UCO BANK Share Price Target 2028

Month Target
January ₹160
February ₹163
March ₹166
April ₹160
May ₹155
June ₹150
July ₹156
August ₹162
September ₹168
October ₹171
November ₹174
December ₹177

UCO BANK Share Price Target 2029

Month Target
January ₹181
February ₹185
March ₹189
April ₹183
May ₹177
June ₹171
July ₹178
August ₹185
September ₹192
October ₹196
November ₹200
December ₹204

UCO BANK Share Price Target 2030

Month Target
January ₹208
February ₹212
March ₹216
April ₹209
May ₹202
June ₹195
July ₹203
August ₹211
September ₹219
October ₹223
November ₹227
December ₹232

Also Check ucobank.com

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