Universal Cables Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2017 • Power Cables & Capacitors: 89.7% • Optical Fibre: 10.3%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 18.7% CAGR over last 5 years
- Working capital cycle has improved - days down from 80 to 49
- Company has a consistent dividend-paying track record
CONS
- Recent results are weak - TTM profit is down 23.2% versus prior year
- Company has a low return on equity of 6.9% over last 3 years
- Company has a low return on capital employed of 10.1%
- Total debt has risen sharply - up 38.9% year on year
- Valuation is stretched - P/E of 26.8 is well above its own 5-year median (14.6)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | 8364.00 | 44.00 | 126038.44 | 0.56 | 796.65 | 32.84 | 8209.73 | 39.01 | 34.93 | 13.84 |
| KEI | 4636.90 | 44.47 | 44329.04 | 0.10 | 274.14 | 40.05 | 3185.34 | 22.97 | 20.23 | 12.43 |
| DHOOTTRANS | 1570.35 | 80.98 | 32121.20 | 0.00 | 1326.70 | — | 14464.15 | — | 24.14 | 15.10 |
| RRKABEL | 2436.70 | 45.36 | 27560.42 | 0.39 | 205.20 | 128.59 | 3168.20 | 53.90 | 28.43 | 9.01 |
| FINCABLES | 1420.50 | 27.15 | 21725.03 | 0.63 | 249.04 | 53.14 | 2013.15 | 44.26 | 16.06 | 14.16 |
| PRECWIRE | 463.10 | 499.66 | 8465.76 | 0.27 | 46.45 | 71.48 | 1779.24 | 61.20 | 33.09 | 4.76 |
| UNIVCABLES | 1548.25 | 26.81 | 5371.71 | 0.29 | 70.14 | -78.69 | 945.06 | 57.46 | 11.69 | 13.80 |
| LASERPOWER | 290.55 | 26.90 | 4078.40 | 0.00 | 207.32 | — | 5215.47 | — | 24.84 | 12.62 |
| ADVAIT | 2053.30 | 38.28 | 2246.93 | 0.10 | 14.80 | 65.77 | 179.27 | 51.37 | 28.24 | 13.36 |
| DYCL | 455.20 | 24.19 | 2205.84 | 0.11 | 249.53 | 1270.52 | 3491.01 | 1232.27 | 26.80 | 10.89 |
| PARACABLES | 65.70 | 35.27 | 2149.96 | 0.00 | 19.70 | 6.49 | 529.40 | 17.35 | 16.62 | 6.56 |
| QUADFUTURE | 435.75 | 0.00 | 1743.00 | 0.00 | -9.13 | 32.36 | 40.59 | 41.27 | -7.01 | -8.25 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 479 | 494 | 467 | 580 | 489 | 638 | 608 | 674 | 600 | 814 | 768 | 840 | 945 | |
| 443 | 471 | 426 | 519 | 457 | 591 | 573 | 612 | 542 | 741 | 708 | 771 | 902 | |
| Operating Profit | 37 | 23 | 41 | 61 | 32 | 47 | 35 | 62 | 58 | 74 | 60 | 69 | 43 |
| OPM % | 7.64% | 4.69% | 8.72% | 10.54% | 6.49% | 7.38% | 5.70% | 9.17% | 9.63% | 9.06% | 7.79% | 8.20% | 4.53% |
| 3 | 13 | 5 | 3 | 3 | 9 | 7 | 4 | 2 | 10 | 6 | 10 | 3 | |
| Interest | 21 | 22 | 24 | 24 | 26 | 26 | 23 | 25 | 24 | 27 | 31 | 32 | 36 |
| Depreciation | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 9 | 9 | 10 | 11 | 12 |
| Profit before Tax | 13 | 8 | 15 | 34 | 2 | 23 | 12 | 34 | 28 | 48 | 25 | 35 | 85 |
| Tax % | 62.92% | 29.25% | 61.11% | 47.84% | 124.88% | 20.72% | 44.10% | 45.05% | 45.53% | 29.72% | 25.45% | 60.66% | 17.32% |
| Net Profit | 0 | 0 | 0 | 0 | 56 | 18 | 158 | 497 | 329 | 48 | 27 | 553 | 70 |
| 6.93 | 3.36 | 6.90 | 14.00 | 1.61 | 5.27 | 4.56 | 14.32 | 9.49 | 13.74 | 7.84 | 15.94 | 20.22 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 818 | 1,181 | 1,417 | 1,569 | 1,281 | 1,814 | 2,202 | 2,021 | 2,408 | 3,023 | 3,368 | |
| 743 | 1,074 | 1,242 | 1,403 | 1,190 | 1,691 | 2,017 | 1,859 | 2,235 | 2,762 | 3,122 | |
| Operating Profit | 75 | 107 | 175 | 166 | 91 | 123 | 185 | 162 | 174 | 260 | 245 |
| OPM % | 9.21% | 9.05% | 12.33% | 10.58% | 7.09% | 6.78% | 8.42% | 8.00% | 7.22% | 8.61% | 7.28% |
| 11 | 11 | 12 | 15 | 13 | 19 | 18 | 24 | 29 | 29 | 29 | |
| Interest | 44 | 53 | 62 | 77 | 63 | 78 | 97 | 91 | 104 | 115 | 127 |
| Depreciation | 19 | 21 | 21 | 23 | 26 | 24 | 22 | 24 | 27 | 39 | 43 |
| Profit before Tax | 65 | 84 | 170 | 147 | 90 | 99 | 152 | 144 | 117 | 217 | 192 |
| Tax % | -9.10% | 2.01% | 20.12% | 38.64% | 24.95% | 23.98% | 22.01% | 24.91% | 23.90% | 24.97% | 29.34% |
| Net Profit | 70 | 83 | 136 | 90 | 67 | 75 | 118 | 108 | 89 | 163 | 136 |
| EPS | 20.32 | 23.83 | 39.15 | 25.96 | 19.38 | 21.60 | 34.05 | 31.19 | 25.76 | 47.01 | — |
| Dividend Payout % | 0.00% | 6.29% | 5.11% | 7.70% | 5.16% | 6.95% | 8.81% | 9.62% | 15.53% | 9.57% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 19%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 19%
- 3 Years:
- 11%
STOCK PRICE CAGR
- 10 Years:
- 33%
- 5 Years:
- 53%
- 3 Years:
- 45%
- 1 Year:
- 107%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 7%
- 3 Years:
- 7%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| 647 | 800 | 964 | 955 | 1,101 | 1,260 | 1,462 | 1,740 | 1,737 | 1,856 | |
| 288 | 374 | 542 | 579 | 530 | 694 | 605 | 623 | 787 | 1,007 | |
| Trade Payables | 148 | 267 | 249 | 320 | 319 | 454 | 287 | 329 | 322 | 752 |
| 27 | 52 | 61 | 294 | 366 | 315 | 422 | 593 | 538 | 672 | |
| Total Liabilities | 1,144 | 1,527 | 1,851 | 2,183 | 2,351 | 2,758 | 2,810 | 3,320 | 3,419 | 4,323 |
| 121 | 109 | 129 | 147 | 162 | 143 | 138 | 178 | 235 | 397 | |
| Capital Work in Progress | 0 | 17 | 2 | 17 | 0 | 2 | 11 | 0 | 34 | 137 |
| 518 | 634 | 740 | 847 | 1,025 | 1,190 | 1,359 | 1,652 | 1,618 | 1,654 | |
| 138 | 166 | 263 | 267 | 260 | 301 | 280 | 284 | 395 | 608 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,077 | 911 | 1,144 | |
| Cash & Bank | 4 | 8 | 5 | 5 | 7 | 4 | 4 | 5 | 8 | 6 |
| 363 | 594 | 712 | 899 | 896 | 1,119 | 1,019 | 123 | 218 | 377 | |
| Total Assets | 1,144 | 1,527 | 1,851 | 2,183 | 2,351 | 2,758 | 2,810 | 3,320 | 3,419 | 4,323 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 67 | -38 | -39 | 60 | 95 | 1 | 163 | 33 | 176 | 63 | |
| Cash from Investing | -13 | -18 | -27 | -42 | -16 | -7 | -15 | -50 | -141 | -257 |
| Cash from Financing | -61 | 62 | 84 | 4 | -72 | 16 | -127 | 18 | -31 | 192 |
| -3 | 2 | -1 | -0 | 2 | -3 | 0 | 1 | 4 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-21 - Universal Cables Limited has informed the Exchange about Special Window for transfer of Dematerialisation of physical securities.
2026-08-08 - Universal Cables Limited has informed the Exchange about Newspaper Advertisement- Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 30th June, 2026.
2026-08-07 - Universal Cables Limited has informed the Exchange regarding a press release dated August 07, 2026, titled "Press Release".
2026-08-07 - Universal Cables Limited has informed the Exchange about change in Management i.e. Appointment of Shri Nishant Premkuar Saigal as the Chief Financial Officer (CFO), a Whole Time Key Managerial Personnel (KMP) of the Company with effect from 21st October, 2026, and resignation of Shri Gopal Agarwal, Chief Financial Officer (CFO) of the Company effective from the close of the business hours on 30th September, 2026.
2026-08-07 - Universal Cables Limited has informed the Exchange about Capacity Expansion.
2026-08-07 - The Board of Directors of the Company at its Meeting held today i.e. 07-08-2026 has, interalia, considered and approved Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026.
2026-08-07 - The Board of Directors of the Company at its Meeting held today i.e. 07-08-2026 has, interalia, considered and approved Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026.
2026-08-04 - Universal Cables Limited has submitted the Exchange a copy of Srutinizers report of 81st Annual General Meeting held on August 03, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-03 - Universal Cables Limited has informed the Exchange regarding Proceedings of 81st Annual General Meeting held on August 03, 2026
News
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