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UCOBANK - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.5

Stock Code UCOBANK Market Cap 32,252 Cr. Current Price 25.7 ₹ High / Low 38.8 ₹
Stock P/E 12.3 Book Value 26.5 ₹ Dividend Yield 1.52 % ROCE 5.76 %
ROE 8.38 % Face Value 10.0 ₹ DMA 50 28.1 ₹ DMA 200 30.8 ₹
Chg in FII Hold 0.00 % Chg in DII Hold -0.10 % PAT Qtr 740 Cr. PAT Prev Qtr 620 Cr.
RSI 35.4 MACD -0.93 Volume 73,71,260 Avg Vol 1Wk 85,35,786
Low price 24.6 ₹ High price 38.8 ₹ PEG Ratio 0.32 Debt to equity 10.1
52w Index 8.03 % Qtr Profit Var 15.8 % EPS 2.09 ₹ Industry PE 7.57

📊 Financials

  • Revenue Growth: Moderate, PAT improved to 740 Cr from 620 Cr
  • Profit Margins: EPS at 2.09 ₹, showing thin profitability
  • Debt Ratios: Debt-to-equity at 10.1, very high leverage typical of banks
  • Cash Flows: Supported by lending operations, but efficiency remains low
  • Return Metrics: ROCE 5.76% and ROE 8.38% indicate modest efficiency

💹 Valuation

  • P/E Ratio: 12.3, higher than industry average (7.57), suggesting slight overvaluation
  • P/B Ratio: ~0.97 (Current Price / Book Value), fairly valued
  • PEG Ratio: 0.32, indicating undervaluation relative to growth
  • Intrinsic Value: Fairly valued with limited upside

🏢 Business Model & Health

  • Business Model: Public sector bank, reliant on lending and deposits
  • Competitive Advantage: Government backing provides stability, but limited efficiency compared to private peers
  • Overall Health: Financially stable but constrained by high leverage and modest returns

🎯 Entry Zone Recommendation

  • Entry Zone: Attractive near 24–26 ₹ levels (close to support)
  • Long-Term Holding: Suitable for conservative investors; dividend yield (1.52%) adds stability


✅ Positive

  • Quarterly PAT improved (740 Cr vs 620 Cr)
  • Dividend yield of 1.52% provides investor returns
  • Book value (26.5 ₹) close to current price, limiting downside risk

⚠️ Limitation

  • High debt-to-equity ratio (10.1), typical of banks but risky
  • Weak ROCE (5.76%) and ROE (8.38%)
  • Stock trading below DMA 50 and DMA 200, showing bearish trend

📉 Company Negative News

  • DII holdings decreased (-0.10%), showing reduced domestic institutional support
  • Technical indicators (RSI 35.4, MACD -0.93) suggest weak momentum

📈 Company Positive News

  • Quarterly PAT improved compared to previous quarter
  • FII holdings stable (0.00%), no foreign outflow

🏭 Industry

  • Banking industry P/E: 7.57, lower than UCOBANK’s valuation
  • Sector demand driven by credit growth and government-backed stability

🔎 Conclusion

  • UCOBANK is financially stable with government backing but weak efficiency metrics
  • Valuation is slightly expensive compared to industry peers, though PEG suggests growth potential
  • Entry near 24–26 ₹ offers value; suitable for long-term conservative investors seeking dividend stability

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