Ucal Fuel Systems Ltd Stock Analysis

BSE: 500464 | NSE: UCALFUEL | Auto Ancillary | Small Cap

BSE Share Price 01-Feb-2023 18:03
120.95 -1.90 (-1.55%)

DeciZen - Make an Informed Decision on Ucal Fuel Sys.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Ucal Fuel Sys. Price Chart

P/E Ratio ( CD) :
11.78
Market Cap :
267.5 Cr.
52-wk low :
102.4
52-wk high :
159.9
Bole Toh?

1. Is Ucal Fuel Systems Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ucal Fuel Systems Ltd is a average quality company.

2. Is Ucal Fuel Systems Ltd undervalued or overvalued?

The key valuation ratios of Ucal Fuel Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Ucal Fuel Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ucal Fuel Systems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ucal Fuel Sys.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ucal Fuel Systems Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.2%6.6%11.4%9.1%13.6%23.4%11.8%7.1%8.1%8.2%-
Value Creation Index -0.5-0.5-0.2-0.4-0.00.7-0.2-0.5-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 654644738724791820870732687782818
YoY Gr. Rt. %--1.5%14.6%-1.9%9.3%3.7%6%-15.9%-6.1%13.9%-
Adj EPS 2.21.310.5615.445.9219.212.915.710.3
YoY Gr. Rt. %--39.1%682.8%-42.6%156.2%197.6%-54.3%-55.9%39.3%22.3%-
BVPS (₹) 2625.129.914.295.2135145.7149.7162.1177.1182.4
Adj Net Profit 4.9323.213.334.110146.420.428.534.823
Cash Flow from Ops. 63.975.791.980.69878.313013410.580.5-
Debt/CF from Ops. 5.94.73.53.72.63.31.81.726.12.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2%-0.2%-3.5%13.9%
Adj EPS 24.4%0.4%-9.1%22.3%
BVPS 23.813.26.79.2
Share Price 6.3% -14.9% -1.9% -21.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 85.238.127.328.239.914.96.38.39.35.7
Op. Profit Mgn % 10.39.711.910.212.91514.412.29.79.37.3
Net Profit Mgn % 0.70.53.11.84.312.45.32.84.24.52.8
Debt to Equity 6.66.44.89.41.20.90.70.70.80.60.1
Working Cap Days 124124109110100110118133145131100
Cash Conv. Cycle 212625231319231223440

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.56

Return on Equity has declined versus last 3 years average to 5.70%

Sales growth has been subdued in last 3 years -3.47%

Net Profit has been subdued in last 3 years -9.11%

Sales growth is not so good in last 4 quarters at -0.74%

Latest Financials - Ucal Fuel Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 10.3
TTM Sales (₹ Cr.) 599 818
BVPS (₹.) 162.9 182.4
Reserves (₹ Cr.) 338 381
P/BV 0.74 0.66
PE 19.10 11.78
From the Market
52 Week Low / High (₹) 102.40 / 159.90
All Time Low / High (₹) 18.00 / 338.00
Market Cap (₹ Cr.) 267
Equity (₹ Cr.) 22.1
Face Value (₹) 10
Industry PE 34.8

Management X-Ray of Ucal Fuel Sys. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *8.538.538.538.538.530.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ucal Fuel Sys.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Ucal Fuel Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ucal Fuel Sys. on 01-Feb-2023 18:03 is : 121.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Feb-2023 18:03 the market cap of Ucal Fuel Sys. stood at ₹ 267.5.
The latest PE ratio of Ucal Fuel Sys. as of 01-Feb-2023 18:03 is 19.10.
The latest PB ratio of Ucal Fuel Sys. as of 01-Feb-2023 18:03 is 0.74
The 52-week high of Ucal Fuel Sys. is ₹ 159.9 and the 52-week low is ₹ 102.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ucal Fuel Sys. is ₹ 598.7 ( Cr.) .

About Ucal Fuel Systems Ltd

Ucal Fuel Systems was established in 1985 by Carburettors Ltd. (pioneers in India in the manufacture of Carburettors and mechanical fuel pumps) as a joint venture company with Mikuni Corporation Japan - internationally renowned company for fuel management products.

It is a part of the larger Ucal group which was founded by Shri.K.Gopalakrishna, a visionary leader who built the multidimensional enterprise. Ucal today spans a wide spectrum of products for the automotive sector and is a perfect amalgam of people, technology and resources reinforced with the advantage of a thorough understanding of automotive industry

Ucal is in the business of providing holistic solutions in fuel management systems and is committed to producing products of consistent quality and timely delivery. This is validated because Ucal is the most preferred supplier of products to customers such as Maruti Udyog, Hyundai, General Motors, Cummins, Bosch, Mikuni, TVS Motor Company, Bajaj Auto, Suzuki, Yamaha & Hero Honda Motors to name a few.

The company takes pride in being an engineering company that provides solutions to customers. The company designs products for petrol and diesel engine application and has impeccable manufacturing process and systems that ensures product quality. Apart from producing parts of consistent quality and upholding stakeholder satisfaction, Ucal takes it as a duty to be socially responsible organization and ensure that all products are environmentally friendly.

Subsidiaries:

  • AMTEC Precision Products Ltd. Acquired by UCAL in the year 2005, AMTEC Precision Products manufactures precision machined parts and plastic moulded products for US Automotive and Non-Automotive customers. AMTEC has three facilities located in Illinois, USA.
  • Bharat Technologies Auto Components Ltd. Bharat Technologies Auto Components Ltd. (BTACL), manufactures precision machined parts for automotive application at its 100% Export Oriented Unit at Ambattur, Chennai. BTACL’s strength and expertise lie in its ability to manufacture components to close tolerances, using CNC machines, and to meet global quality requirements in large volumes. Around one million in volume of each product is exported to the US. Further, the company’s technical power blends experience and dynamism, to provide a wide array of machining solutions to any challenging customer requirements.
  • UCAL Machine Tools Ltd. A 100% subsidiary of Ucal, UCAL Machine Tools was established in 1991 to manufacture dies and moulds for the Pressure Die Cast products required by UCAL Fuel Systems Ltd. Ucal Machine Tools also manufactures pressure die cast parts for Indian and International customers. The company has three pressure die casting units, one at Pondicherry and two at Maraimalai Nagar, apart from a tool room and assembly unit at Maraimalai Nagar.
  • UCAL Polymer Industries Ltd. Established as a 100% subsidiary in 2000, UCAL Polymer Industries Ltd., (UPIL) is engaged in the manufacture of rubber and plastic products. Specialised activities like Rubber to metal bonding, Compression moulding and Plastic injection moulding are carried out at UPIL. The manufacturing unit is at Pondicherry.

Product range of the company includes:

  • Gasoline Systems & Products
  • Gasoline Engines - 4 Wheelers
  • Gasoline Engine - 2 Wheelers
  • Gasoline Engine - Pumps
  • Diesel Systems & Products
  • EMS System Products
  • Emission Control & Other Products
  • High pressure Die cast Products
  • Precision Machined Products

Achievements/ recognition:

  • 2009 - BOSCH Supplier Award for maximizing value to the customer
    National Energy Conservation Award by The Bureau of Energy efficiency, New Delhi.
  • ACMA Certificate of merit 2000-2001
  • Certificate of BVQI
  • Appreciation certificate 2001
  • National quality award
  • BVQI Certificate of approval
  • Certificate of merit 2002
  • BVQI appendix to Certificate of approval
  • ACMA Certificate of merit award 1992-93

Milestones

  • 1959 - Carburettors Limited incorporated
  • 1985 - UFSL incorporated as a Private Limited Company
  • 1987 - Joint venture agreement entered into with Mikuni Corporation
  • 1989 - UFSL became a Public Limited Company
  • 1990 - Maraimalai Nagar Plant established
    Carburettor for Maruti 800CC and 1000CC cars
  • 1992 - Carburettor for Premier118 NE car, Nissan A12 engine
    Carburettor for HM Contessa Car Isuzu 1800CC engine and for Zen cars with 1000CC engine
  • 1993 - Carburettors for Esteem cars with 1300CC engine, Suzuki Samurai Motorcycles-2 stroke engine and gensets
  • 1996 - Pondicherry Plant established
    Carburettor for Bajaj Auto-rickshaw
    Exports Commenced
  • 1997 - Carburettor for TVS Scooty
     
  • 1998 - Carburettor for Yamaha Motorcycle and Maruti Omni
    Multi Point Fuel Injection (MPFI) System Parts for Hyundai Santro
  • 1999 - Secondary Air Suction valve (ASV) for Hero Honda
    Carburettor for Scooterettes  and 4-stroke motorcycles
    MPFI system parts for Maruti
     
  • 2000 - Gurgaon Plant established
    Carburettor for Bajaj Caliber/Boxer and Yamaha Crux Motorcycles
    CD carburettor for TVS Fiero motorcycles and SAV/Carburettor for TVS Victor
    Exports of SAV commenced
  • 2001 - CD Carburettor for Bajaj Pulsar
  • 2002 - Export of Electronic throttle valve commenced
  • 2003 -Collaboration with Orbital Inc., Australia for development of Direct Injection Systems
    Setting up of a central R&D centre at Ambattur, Chennai
  • 2005 -Acquired AMTEC Precision Product, a company in US
  • 2006 - Started development of products for Diesel application
  • 2007 - Maraimalai Nagar Plant 6 established for machined component. Production of Vacuum pump and Oil pump started
  • 2008 - Joint Venture with Mikuni Closed
  • 2009 - Production of Fuel pump started
  • 2009-10 - It marked the first full year of operation after the exit of its technical and equity partner, Mikuni Corporation, Japan.
     
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