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Universal Cables

UNIVCABLES NSE

Key Fundamentals

MicrocapCables - ElectricalsIndustrial Products
Market Cap
₹4,814 Cr
Volatility
Moderate
P/E Ratio
25.88
EBITDA
₹289 Cr
Return on Equity
8.63%
Debt to Equity
0.62
Book Value
₹545.03
EPS
₹25.87
52W High
₹1,774.9
52W Low
₹576

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 69.1 days to 48.2 days

Weaknesses

4
  • Stock is trading at 2.74 times its book value
  • Company has a low return on equity of 6.87% over last 3 years.
  • Earnings include an other income of Rs.132 Cr.
  • Dividend payout has been low at 11.6% of profits over last 3 years

Growth Rate

Revenue Growth
25.21% higher than 3Y
Net Income Growth
82.44% higher than 3Y
Cash Flow Change
-63.85% lower than 3Y
ROE
71.23% higher than 3Y
ROCE
39.04% higher than 3Y
EBITDA Margin (Avg.)
13.96% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

Universal Cables Ltd trades at a market cap of ₹3,746 Cr with a P/E of 24.9x and P/B of 2.15x. The company has delivered strong TTM sales growth of 26% and TTM profit growth of 82%, though its 3-year average ROE remains modest at approximately 7%. The stock has appreciated 49% over the past year, significantly outpacing its fundamental earnings growth over the longer term.

Bull Case 7
  • TTM revenue growth of 26% indicates strong demand momentum in the cables/wires segment
  • TTM profit growth of 82% shows significant operating leverage and margin expansion
  • Working capital days improved from 69.1 days to 48.2 days, freeing up cash and improving capital efficiency
  • 5-year compounded sales CAGR of 19% demonstrates sustained top-line expansion over a longer period
  • Last year ROE improved to 9% from a 3-year average of 7%, suggesting improving return profile
  • P/B ratio of 2.15x is relatively moderate for an industrials company showing accelerating growth
  • 5-year compounded profit CAGR of 19% aligns with sales growth, showing consistent conversion of revenue to earnings
Bear Case 7
  • 3-year average ROE of only 6.88% is below cost of equity for most investors, indicating poor capital allocation historically
  • Earnings quality concern: other income of ₹111 Cr forms a material portion of profits, inflating reported earnings
  • Dividend payout of only 11.6% over last 3 years offers minimal shareholder returns despite low reinvestment efficiency
  • Stock CAGR of 49% (1-year) and 45% (3-year) significantly exceeds fundamental profit growth of 11% (3-year CAGR), suggesting stretched valuations
  • P/E of 24.9x is elevated for a company with a 3-year profit CAGR of only 11%, implying a PEG ratio above 2x
  • Dividend yield of just 0.34% provides negligible income cushion in a downturn
  • 10-year ROE average of 8% suggests the business has structurally modest return characteristics despite cyclical upswings

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
479
494
467
580
489
638
608
674
600
814
768
840
945
Expenses
443
471
426
519
457
591
569
612
542
741
708
771
854
Operating Profit
37
23
41
61
32
47
39
62
58
74
60
69
91
OPM %
8%
4.7%
9%
11%
6%
7%
6%
9%
10%
9%
8%
8%
10%
Other Income
22
18
23
34
9
9
16
35
21
24
15
51
42
Interest
21
22
24
24
26
26
27
25
24
27
31
32
36
Depreciation
6
6
6
6
7
7
7
7
9
9
10
11
12
PBT
32
14
33
65
8
23
21
65
46
62
34
76
85
Tax %
25%
17%
28%
25%
33%
21%
25%
23%
28%
23%
19%
28%
17%
Net Profit
24
12
24
49
6
18
16
50
34
48
27
55
70
EPS in Rs
6.93
3.36
6.91
14
1.61
5.27
4.56
14.32
9.68
13.74
7.84
15.86
20.22
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
817
1,180
1,415
1,568
1,280
1,813
2,202
2,020
2,407
3,022
3,368
Expenses
742
1,073
1,240
1,402
1,189
1,690
2,016
1,859
2,233
2,762
3,073
Operating Profit
75
107
175
166
91
123
185
162
174
260
294
OPM %
9%
9%
12%
11%
7%
7%
8%
8%
7%
9%
9%
Other Income
52
52
79
81
88
78
86
98
75
111
132
Interest
44
53
62
77
63
78
97
91
104
115
127
Depreciation
19
21
21
23
26
24
22
24
27
39
43
PBT
65
84
170
147
90
99
152
144
117
217
256
Tax %
-9%
2%
20%
39%
25%
24%
22%
25%
24%
25%
Net Profit
70
83
136
90
67
75
118
108
89
163
200
EPS in Rs
20.32
23.84
39.16
25.96
19.38
21.6
34.05
31.19
25.76
47.01
57.66
Div. Payout %
0%
6%
5%
8%
5%
7%
9%
10%
16%
10%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
35
35
35
35
35
35
35
35
35
35
Reserves
647
800
964
955
1,101
1,260
1,462
1,740
1,737
1,856
Borrowings
288
394
541
621
609
694
657
771
849
1,177
Other Liabilities
175
299
310
571
606
770
657
774
799
1,255
Total Liabilities
1,144
1,527
1,851
2,183
2,351
2,758
2,810
3,320
3,419
4,323
Fixed Assets
134
122
155
172
187
167
161
200
255
417
CWIP
0
17
2
17
0
2
11
0
35
137
Investments
518
634
740
847
1,025
1,190
1,359
1,652
1,618
1,654
Other Assets
492
756
954
1,146
1,138
1,400
1,280
1,467
1,511
2,115
Total Assets
1,144
1,527
1,851
2,183
2,351
2,758
2,810
3,320
3,419
4,323
Figures in ₹ Crores

Cash Flow

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
70
-42
-59
38
90
-12
143
33
176
63
Investing
-13
-18
-27
-42
-16
-7
-15
-50
-141
-257
Financing
-61
62
84
4
-72
16
-127
18
-31
192
Net Cash Flow
-3
2
-1
0
2
-3
0
1
4
-2
Free Cash Flow
52
-65
-97
-16
65
-33
115
-27
13
-206
CFO/OP
89
-36
-22
36
104
1
88
27
113
36
Figures in ₹ Crores

Ratios

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
139
159
157
187
229
195
148
195
138
138
Inventory Days
89
71
101
89
101
79
61
70
79
98
Days Payable
95
114
96
106
124
118
63
82
64
121
Cash Conversion Cycle
133
116
162
169
206
155
146
183
153
115
Working Capital Days
67
53
68
58
66
79
79
80
79
48
ROCE %
12%
17%
14%
9%
9%
12%
10%
9%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs1.11%Promot.61.89%DIIs3.31%Public14.99%Others18.70%As ofJun 2026

Documents

Frequently Asked Questions about Universal Cables

What does Universal Cables Ltd do?
Universal Cables Ltd is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects relating thereto and other types of wires and cables, conductors, etc. [1]
Where is Universal Cables Ltd (UNIVCABLES) listed?
Universal Cables Ltd trades as UNIVCABLES on the NSE and under code 504212 on the BSE.
Which sector does Universal Cables Ltd belong to?
Universal Cables Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Universal Cables Ltd?
Universal Cables Ltd has a market capitalisation of ₹4,814 Cr, which places it in the Small Cap band.
What is the PE ratio of Universal Cables Ltd?
Universal Cables Ltd trades at a PE ratio of 25.88, on earnings per share of ₹25.87, against a book value of ₹545.03 per share.
What is the 52-week high and low of Universal Cables Ltd?
Over the last 52 weeks Universal Cables Ltd has traded between ₹576 and ₹1,774.9.
Does Universal Cables Ltd pay dividends?
Universal Cables Ltd has a dividend yield of 0.29%.
What is the Return on Equity (ROE) of Universal Cables Ltd?
Universal Cables Ltd reported a return on equity of 8.63%. Its debt-to-equity ratio is 0.62.

Company Information

Universal Cables Ltd is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects relating thereto and other types of wires and cables, conductors, etc. [1]

CEO Mr. Y. S. Lodha
Employees 841
Listed 1995-05-17
Face Value ₹ 10
Issued Size 3,19,89,828

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