UCO Bank

About [ edit ]

UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.#

Key Points [ edit ]
  • Market Cap 11,489 Cr.
  • Current Price 11.4
  • High / Low 16.8 / 10.6
  • Stock P/E 111
  • Book Value 19.4
  • Dividend Yield 0.00 %
  • ROCE 2.82 %
  • ROE -14.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.59 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.80% over past five years.
  • Company has a low return on equity of -28.71% for last 3 years.
  • Contingent liabilities of Rs.46904.51 Cr.
  • Earnings include an other income of Rs.3118.61 Cr.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 3,358 3,732 3,480 3,337 3,782 3,817 3,805 3,771 3,742 3,663 3,615 3,603
Interest 2,550 2,504 2,515 2,511 2,490 2,482 2,538 2,534 2,488 2,396 2,221 2,195
3,001 2,456 2,370 2,093 3,211 2,566 2,887 2,940 2,007 1,998 2,075 2,236
Financing Profit -2,193 -1,228 -1,406 -1,266 -1,919 -1,232 -1,621 -1,704 -752 -731 -681 -829
Financing Margin % -65% -33% -40% -38% -51% -32% -43% -45% -20% -20% -19% -23%
Other Income 67 629 269 248 367 630 729 743 769 774 712 864
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -2,127 -599 -1,136 -1,018 -1,552 -601 -892 -960 17 43 30 35
Tax % -0% -6% 0% 2% 0% 0% 0% 0% 0% 50% 0% 0%
Net Profit -2,134 -634 -1,136 -999 -1,552 -601 -892 -960 17 21 30 35
EPS in Rs -9.25 -1.60 -2.87 -2.53 -2.86 -0.82 -1.21 -1.11 0.02 0.02 0.03 0.04
Gross NPA % 24.64% 25.71% 25.37% 27.39% 25.00% 24.85% 21.87% 19.45% 16.77% 14.38% 11.62% 9.80%
Net NPA % 13.10% 12.74% 11.97% 12.48% 9.72% 8.98% 7.32% 6.34% 5.45% 4.95% 3.63% 2.97%

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 8,121 9,526 11,371 14,632 16,752 18,230 19,359 18,561 16,326 14,020 14,331 15,134 14,622
Interest 6,477 7,202 7,526 10,730 12,170 12,171 13,797 13,713 12,509 10,895 10,019 10,042 9,301
2,034 2,244 3,776 3,718 4,800 5,546 5,849 10,768 6,789 8,521 12,753 11,539 8,315
Financing Profit -390 80 69 184 -218 513 -286 -5,920 -2,972 -5,396 -8,441 -6,446 -2,993
Financing Margin % -5% 1% 1% 1% -1% 3% -1% -32% -18% -38% -59% -43% -20%
Other Income 1,037 966 925 966 952 1,321 2,004 1,596 2,114 1,121 1,514 2,871 3,119
Depreciation 84 74 81 78 87 110 136 137 153 152 137 137 0
Profit before tax 564 972 914 1,071 647 1,724 1,582 -4,460 -1,011 -4,427 -7,065 -3,713 125
Tax % 1% -4% 1% -3% 4% 12% 28% 37% -83% -0% 39% 34%
Net Profit 558 1,012 907 1,109 618 1,511 1,138 -2,799 -1,851 -4,436 -4,321 -2,437 104
EPS in Rs 10.15 18.42 14.45 16.68 8.21 14.89 10.58 -26.03 -11.87 -19.22 -7.97 -2.46 0.11
Dividend Payout % 10% 8% 21% 18% 19% 20% 19% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:5%
5 Years:-5%
3 Years:-2%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-12%
TTM:103%
Stock Price CAGR
10 Years:-19%
5 Years:-21%
3 Years:-16%
1 Year:-6%
Return on Equity
10 Years:-10%
5 Years:-25%
3 Years:-29%
Last Year:-15%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,249 1,699 2,451 2,488 2,576 1,015 1,076 1,076 1,560 2,308 5,423 9,918
Reserves 2,708 3,511 4,969 6,126 7,107 10,212 11,473 10,511 10,044 7,517 8,371 9,291
Borrowings 105,359 128,679 150,752 166,905 182,923 220,252 224,589 224,359 210,819 194,299 206,230 208,898
3,048 4,580 7,050 6,803 7,868 7,647 8,779 8,937 8,917 11,932 10,459 7,800
Total Liabilities 111,664 137,319 163,398 180,498 198,651 239,125 245,917 244,883 231,340 216,056 230,484 235,908
719 710 738 802 879 1,018 1,066 2,878 2,843 2,867 2,814 2,832
CWIP 0 0 1 3 11 43 48 6 6 8 8 8
Investments 29,385 43,521 42,927 45,772 52,245 67,452 64,223 83,974 74,019 70,962 82,232 90,999
81,560 93,088 119,732 133,922 145,517 170,611 180,580 158,024 154,471 142,219 145,430 142,069
Total Assets 111,664 137,319 163,398 180,498 198,651 239,125 245,917 244,883 231,340 216,056 230,484 235,908

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2,574 -4,061 7,830 -3,019 -2,090 3,574 7,861 -2,978 -3,852 -9,082 4,190 -10,658
-60 -95 -38 55 -50 -135 -151 -52 -217 -24 44 -250
235 1,407 1,084 -413 880 -771 -553 -579 3,609 5,754 5,450 4,283
Net Cash Flow 2,750 -2,749 8,876 -3,377 -1,260 2,668 7,157 -3,610 -459 -3,352 9,684 -6,626

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 16% 22% 14% 14% 7% 14% 10% -23% -16% -41% -37% -15%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
90.80 90.80 90.80 93.29 92.52 92.52 93.61 94.44 94.44 94.44 94.44 94.44
0.44 0.43 0.42 0.30 0.26 0.27 0.17 0.12 0.11 0.11 0.10 0.11
5.81 5.81 5.81 4.24 3.14 3.13 2.67 2.31 2.32 2.29 2.27 1.59
2.95 2.96 2.97 2.17 4.08 4.08 3.55 3.12 3.13 3.16 3.18 3.86

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