UCO Bank (BOM:532505) Beneish M-Score: -2.22 (As of Jul. 04, 2026)


BOM:532505 UCO Bank BOM:532505
54 GF Score
Price ₹26.95
GF Value ₹35.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is UCO Bank Beneish M-Score?

UCO Bank BOM:532505 -0.70% 54 Beneish M-Score is -2.22 as of Jul. 04, 2026. GuruFocus rates BOM:532505 with a GF Score™ of 54/100 and a GF Value™ of ₹35.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,397 Banks companies, UCO Bank ranks worse than 78.6% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for UCO Bank's Beneish M-Score or its related term are showing as below:

BOM:532505' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68   Med: -2.42   Max: -1.85
Current: -2.22

During the past 13 years, the highest Beneish M-Score of UCO Bank was -1.85. The lowest was -2.68. And the median was -2.42.

BOM:532505
54GF Score
UCO Bank BOM:532505
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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UCO Bank Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of UCO Bank for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1+0.528 * 1+0.404 * 1+0.892 * 1.0803+0.115 * 0.9182
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3441+4.679 * 0.033729-0.327 * 0.7078
=-2.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹0 Mil.
Revenue was ₹123,289 Mil.
Gross Profit was ₹123,289 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹3,958,584 Mil.
Property, Plant and Equipment(Net PPE) was ₹42,004 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3,723 Mil.
Selling, General, & Admin. Expense(SGA) was ₹926 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹183,098 Mil.
Net Income was ₹27,679 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-105,842 Mil.
 Total Receivables was ₹0 Mil.
Revenue was ₹114,120 Mil.
Gross Profit was ₹114,120 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹3,624,811 Mil.
Property, Plant and Equipment(Net PPE) was ₹38,520 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3,113 Mil.
Selling, General, & Admin. Expense(SGA) was ₹637 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹236,875 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0 / 123288.658) / (0 / 114120.137)
=0 / 0
=1

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(114120.137 / 114120.137) / (123288.658 / 123288.658)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 42004.377) / 3958584.435) / (1 - (0 + 38519.504) / 3624810.826)
=0.989389 / 0.989373
=1

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=123288.658 / 114120.137
=1.0803

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(3112.582 / (3112.582 + 38519.504)) / (3723.395 / (3723.395 + 42004.377))
=0.074764 / 0.081425
=0.9182

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(925.562 / 123288.658) / (637.339 / 114120.137)
=0.007507 / 0.005585
=1.3441

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((183098.185 + 0) / 3958584.435) / ((236874.853 + 0) / 3624810.826)
=0.046253 / 0.065348
=0.7078

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(27678.587 - 0 - -105841.778) / 3958584.435
=0.033729

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

UCO Bank has a M-score of -2.22 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.22 mean?
UCO Bank (BOM:532505) has a Beneish M-Score of -2.22 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on UCO Bank and its competitors. According to the industry distribution chart, UCO Bank ranks #1098 out of 1397 companies in the Banks industry, placing it in the top 78.6%.
Is UCO Bank's Beneish M-Score too high?
UCO Bank's current Beneish M-Score is -2.22. Based on the distribution chart, UCO Bank ranks #1098 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, UCO Bank has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UCO Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, UCO Bank ranks #1098 out of 1397 companies for Beneish M-Score. This places UCO Bank in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Banks company?
A good Beneish M-Score depends on the Banks industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on UCO Bank and its competitors. UCO Bank's current Beneish M-Score is -2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UCO Bank stock overvalued right now?
Based on GuruFocus' analysis, UCO Bank (BOM:532505) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹35.39, compared to a current price of ₹26.95 — trading 23.8% below its estimated fair value. The current Beneish M-Score is -2.22. UCO Bank's overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For UCO Bank (BOM:532505), the current Beneish M-Score is -2.22 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is UCO Bank (BOM:532505) Overvalued in 2026?

Based on GuruFocus' analysis, UCO Bank stock appears to be undervalued. The current stock price of ₹26.95 is trading 23.8% below its estimated GF Value™ of ₹35.39. GuruFocus considers UCO Bank to be Modestly Undervalued.

Key valuation signals for BOM:532505:

  • Beneish M-Score: -2.22
  • GF Value™: ₹35.39 vs. price of ₹26.95 (23.8% below fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the BOM:532505 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

UCO Bank Business Description

Other Exchanges UCOBANK:India
Address Barbourne Road, No. 10, 7th Floor, B.T.M. Sarani, Kolkata, WB, IND, 700001
UCO Bank provides banking products and services. Its products include deposits, loans/advances, value added services, remittances, forex and treasury services, NRI corner, rural banking, internet banking, and government business. The business operations of the Bank are broadly classified into four segments: corporate /wholesale banking, retail banking, treasury, and other banking services. It derives majority of revenue from corporate /wholesale banking segment.
54GF Score

Get the complete analysis for BOM:532505

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹26.95
Price
₹35.39
GF Value