UCO Bank Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Ghanshyam Das Birla founded UCO Bank in 1943 to promote the establishment of a commercial bank in India. Previously known as United Commercial Bank, UCO Bank changed its name to UCO in 1985. The nation over, UCO Bank is presently running and keeping up with over 3205 branches and 2564 ATMs and has in excess of 21,000 workers on its payrolls. It offers consumer banking, investment banking, and wealth management for almost 600 billion Indian Rupees, making it the ninth largest PSB in India.

UCO Bank Share Price Target 2024-2030

UCO Bank offers a wide exhibit of banking and monetary administrations, for example, retail banking, corporate banking and depository tasks. The corporate banking of the Bank envelops obligation/basically, credit elevate, stores, esteem added offices; the worldwide banking incorporates non-occupant Indian (NRI) banking, advances in unfamiliar monetary forms, exporter supporting/trade funding administrations, merchant supporting/funding administrations, settlement administrations, unfamiliar trade and depository administrations, inhabitant unfamiliar cash (homegrown) store administrations, contact banking administration; while country banking covers agrarian credit, monetary consideration and MSME.

UCO Bank Share Price Target Today Update

UCO Bank is the ninth largest public sector bank in India with a market capitalization of nearly 600 billion Indian Rupees. It offers consumer banking, investment banking, wealth management, and other services. Mr. Ashwani Kumar currently serves as the UCO Bank’s MD and CEO, with headquarters in Kolkata, West Bengal. In this piece, specifics affecting the UCO Bank Offer Value Target 2025 will be covered for the financial backers to assist them with making more appropriate speculation decisions.

UCO Bank Latest News

• On Monday, March 18, 2024, the stock of UCO Bank ended at Rs. 60 on the National Stock Exchange.
• In the main seven day stretch of April 2024, the focal Department of Examination (CBI) led various strikes nearby UCO Bank regarding the supposed misrepresentation of over Rs 800 crores from November 10-11, 2023 through Demons exchanges of 41,000 UCO Financial balance holders.
• In February 2024, the Arrangements Council (ACC) of the Bureau designated a parttime Non-Official Chief and Non-Leader Executive of the Directorate of UCO Bank.

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UCO Bank Business Profile

The reason is that when different banks just focus on offering a wide range of various monetary items, UCO Bank is centered around its clients. This means, among other things, offering them a variety of international banking services, NRI services, lending and deposit programs, and global e-banking solutions.

• Branch Network: In India, the bank manages approximately 2,564 ATMs and 3,205 branches. Complete advances of the bank contain 26% retail propels, and the following are MSMEs (26%), corporates and different clients (26%) as well as agribusiness (22%).
• Industry-wise Exposure: The bank has advances and interests in various sectors. The top sectors with more openness are framework (22%), NBFC (20%), fundamental metal (12%), development (4%), food handling (4%), material (3%), designing (7%) among others. The bank has just 2 abroad branches arranged at Hong Kong and Singapore focuses. The all out abroad business represents just 5%.

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 %

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%

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

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

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

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

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Points Before investing in UCO Bank Stock

• UCO bank is battling with a significant extortion that happened between November 10 and 11, 2023 through Demons (Quick Installment Administration) redirecting in excess of 800 crores of equilibrium from 41,000 records of the Bank.
• From that point forward CBI has completed many strikes and searches to the area of the records where cash was moved to.
• This puts UCO Bank’s picture in a terrible light and is a prevention between the trust variable of a financial backer and the stock.
• UCO Bank had revealed a net benefit of Rs 652.97 crores in the year 2023, Q3, against which PSU Bank Net Benefit is down to Rs 503.83% (Q3, 2023), a reduction of 22.8% YOY. However, UCO Bank’s non-performing asset decreased from 5.63% in the same third quarter in 2023 to 3.85% YoY.
• UCO Bank’s business in the second from last quarter of the financial year 2023 (Q3 FY23) stretched out by an edge of 10.46% (YOY) to Rs 435456 crores. UCO Bank is keeping up with proficiency in tasks, and that has appeared in the PSU monetary report throughout recent years.
• UCO Bank reported a positive growth trajectory in terms of revenue, net profit, EBITDA, and other metrics during the fiscal year 2023.
• Investors will be reviewing PSU’s annual financial reports, so this is good news for the UCO Bank share price on the stock market.

Final Words

UCO Bank Share Price History tells financial backers an extremely fascinating story of the UCO BANK NSE Stock execution throughout the course of recent months. For the majority of the last five years of trading, the prices of UCO Bank shares have been very flat. However, in 2022, in the middle of October, the UCO stock started climbing a relatively steep ladder. From that point forward, UCO Bank Offer NSE is up by over 400% ie., from Rs 12 for each offer to at present exchanging at Rs 50.20 per share on the stock trade.