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.
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
Contents
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 |
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| 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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| 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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| 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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| 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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| 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 |
| 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 |
| 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 |
| 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 |
| 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