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UCO Bank Stock Analysis

Mid Cap
Evaluated by 2307 users | BSE: 532505 | NSE: UCOBANK |
Bank - Public
UCO bank formerly known as United Commercial Bank, incorporated on 6th of January 1943. It was vision of Mr. G.D Birla to form a truly Indian Bank which came into reality after 'Quit India' movement. The bank has headquartered in Kolkata.  It got nationalised in the year 1969 and 100%...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
UCO Bank has not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Net Interest Income (Rs. Cr.)3,8453,9024,5826,0595,5624,8483,8173,1254,3115,092
Y-o-Y Gr. Rt.33-1.5%17.4%32.3%-8.2%-12.8%-21.3%-18.1%38%18.1%
Total Income12,29615,59817,70419,55021,36320,15718,44015,14115,84418,006
Y-o-Y Gr. Rt.-26.9%13.5%10.4%9.3%-5.6%-8.5%-17.9%4.6%13.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
12.8214.535.9714.8910.58-26.03-11.87-19.22-7.97-2.46
Y-o-Y Gr. Rt.-13.3%-58.9%149.4%-29%-346%NANANANA
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
8294.7297.19104.8511185.7359.4932.3821.117
Y-o-Y Gr. Rt.-15.5%2.6%7.9%5.9%-22.8%-30.6%-45.6%-34.8%-19.4%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1 : Not Good
Net Profit/Total Funds (%)0.60.640.330.690.47-1.14-0.78-1.98-1.94-1.05
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%): Colour Rating Guide
  • < 0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1: Not Good
Net NPA to Net Advances (%)1.841.963.172.384.39.098.9413.19.725.45
To view Capital Adequacy Ratio Colour Rating Guide click here
Capital Adequacy Ratio: Colour Rating Guide
  • > 12% : Very Good
  • 9%-12% : Somewhat Good
  • <9%: Not Good
Capital Adequacy Ratio - - - - - - - - - 0%
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
UCO Bank should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income3.2%-1.8%10.1%18.1%
Total Income4.3%-3.4%-0.8%13.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-183.2%-174.7%NANA
Book Value per Share
-16%-31.3%-34.1%-19.4%
Share Price -17.1% -23.8% -28.6% 7.8%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Interest Earned / Total Income92.4793.8194.6293.2590.6292.0888.5392.690.4584.05
Margins
To view Margins Colour Rating Guide click here
Margins: Colour Rating Guide
  • >2.75 : Very Good
  • 1.75-2.75 : Somewhat Good
  • <1.75 : Not Good
NIM (%)2.422.232.382.612.382.121.81.622.092.43
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15% : Very Good
  • 12%-15% : Somewhat Good
  • <12% : Not Good
Return on Equity (%)20.719.389.0816.8310.08-26.46-20.01-52.97-45.68-17.22
Liquidity Ratio
To view Liquidity Ratio Colour Rating Guide click here
Liquidity Ratio: Colour Rating Guide
  • >35 : Very Good
  • 25-35 : Somewhat Good
  • <25 : Not Good
CASA (%) 22.0522.3432.1429.5229.3529.4231.435.4843.4539.41
Entity Percentage Holding
Promoters 94.44%
Institutions 2.40%
Non-Institutions 3.16%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of UCO Bank and arrived at the following conclusion:

Past 10 year's financial track record indicates that UCO Bank is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of UCO Bank's performance infers:

UCO Bank earnings have declined by -174.7%, whereas share price has depreciated -23.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of UCO Bank share prices over the last 10 years. Here is what we found out:

UCO Bank share price has depreciated -21.1% annually over the past ten years.

UCO bank formerly known as United Commercial Bank, incorporated on 6th of January 1943. It was vision of Mr. G.D Birla to form a truly Indian Bank which came into reality after 'Quit India' movement. The bank has headquartered in Kolkata. 

It got nationalised in the year 1969 and 100% ownership was taken over by Government in the bank. After this lot of changes took over in banking activities such as it started its branch expansion in fast pace especially in rural areas and it

UCO bank formerly known as United Commercial Bank, incorporated on 6th of January 1943. It was vision of Mr. G.D Birla to form a truly Indian Bank which came into reality after 'Quit India' movement. The bank has headquartered in Kolkata. 

It got nationalised in the year 1969 and 100% ownership was taken over by Government in the bank. After this lot of changes took over in banking activities such as it started its branch expansion in fast pace especially in rural areas and it also went through organisational restructuring. This resulted in functional specialisation and decentralization of administration.

In 1985 the name of bank was changed to UCO Bank. Presently it has a network of over 2000 branches, over 370 ATMs, and 35 regional offices across country as well as in Singapore and Hong Kong.

Products

  • Personal Banking- It provides several products and services in personal banking such as deposit, saving, personal loans, educational loans, car loans, RTGS, debit card, etc.
  • NRI banking- It also offers products and services to NRI Clients such as FCNR accounts, remittance services, etc.
  • It also provides working capital finance, term loans, loans against securities issued by government/RBI, short term loan for pensioners, etc. It also offers services to agricultural and SME sectors.

Recognition

It was honoured with “National Awards for Excellence in Lending to Micro Enterprises” for its excellent performance in lending to micro enterprises from Government of India and Ministry of Micro, Small & Medium Enterprises.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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