UCO Bank (UCOBANK.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+35.1%

₹30.55

vs ₹22.62 price

Levered DCF

₹2.19

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.23

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.71×	15.15×	39.39×	15.88×	14.81×	73.33×	-3.2×	-3.93×
P/B	0.89×	1.01×	2.42×	1.13×	0.59×	0.48×	0.41×	0.98×
P/S	1.04×	1.17×	2.68×	1.44×	0.76×	0.61×	0.43×	1.1×
EV / EBITDA	10.18×	5.76×	20.35×	8.59×	5.3×	16.88×	0.59×	-0×
Gross margin	43.4%	42.5%	44.0%	48.9%	52.9%	49.9%	44.3%	35.1%
Operating margin	15.4%	14.4%	10.5%	14.2%	9.5%	-0.4%	-20.6%	-45.7%
Net margin	9.7%	9.2%	6.8%	9.1%	5.1%	0.8%	-13.5%	-28.0%
Current ratio	0.07×	0.12×	0.34×	21.66×	26.72×	24.68×	15.88×	49.88×
Debt / equity	1.28×	0.93×	0.78×	1.04×	0.77×	0.77×	0.41×	0.43×
Interest coverage	0.27×	0.25×	0.19×	0.28×	0.2×	-0.01×	-0.37×	-0.71×
Dividend yield	1.6%	1.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	17.7%	13.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.3%	8.0%	6.1%	7.1%	4.0%	0.6%	-12.7%	-24.8%
Return on invested capital	3.3%	3.0%	0.7%	4.6%	2.9%	0.6%	-17.4%	-3.6%
Return on assets	0.7%	0.7%	0.5%	0.6%	0.3%	0.1%	-1.0%	-1.9%
Free cash flow yield	-37.7%	4.9%	1.0%	9.3%	30.3%	20.7%	-138.4%	23.4%
Earnings yield	9.3%	7.9%	2.5%	6.3%	6.7%	1.3%	-31.2%	-25.4%
Enterprise value	₹483B	₹238.6B	₹580B	₹268.3B	₹58.1B	₹47.3B	-₹21B	₹116.2M
Net debt / EBITDA	3.93×	-1.79×	-2.75×	-0.71×	-7.29×	-22.07×	2.77×	2.45×
Cash conversion cycle (days)	12	0	-390	-1,312	-1,102	90	-944	-1,050