UCO Bank Stock Price Analysis and Quick Research Report. Is UCO Bank an attractive stock to invest in?

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how UCO Bank is performing and if it is the right time to buy the stock of UCO Bank with detailed analysis. UCO Bank stock price today is Rs 31.31.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. UCO Bank has earned Rs 25066.9114 Cr. revenue in the latest financial year. UCO Bank has posted outstanding revenue growth of 18.7178405510844 % in last 3 Years.

• In terms of advances, UCO Bank reported 18.1916 % YOY,  rise . If you see 3 years advance growth, it stands at 20.5560480195411 %.

• Currently, UCO Bank has a CASA ratio of 35.8262 %. It’s overall cost of liability stands at 4.7906 %. Also, the total deposits from these accounts stood at Rs 293542.1782 Cr.

• UCO Bank has a average ROA track record. The ROA of UCO Bank is at 0.7126 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of UCO Bank stood at 2.69 % and 0.5 % respectively as on the latest financial year.

• One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is positive at 9.78080660590555 % which means it has increased from the previous year.

• Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of UCO Bank surged and is currently at Rs 4406.6343 Cr.

• UCO Bank has a Good Capital Adequacy Ratio of 18.45 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently UCO Bank is trading at a P/B of 1.4043 . The historical average PB was 1.34907797178706.

• Share Price: - The current share price of UCO Bank is Rs 31.31. One can use valuation calculators of ticker to know if UCO Bank share price is undervalued or overvalued.