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UCAL Ltd (UCAL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500464 NSE: UCAL Auto Ancillary | Small Cap | UCAL Share Price
₹132.85 6.30 (4.98%)
As on 30-Oct'26 15:06
UCAL Ltd (UCAL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500464 NSE: UCAL Auto Ancillary | Small Cap | UCAL Share Price
₹132.85 6.30 (4.98%)
As on 30-Oct'26 15:06
Key Metrics
Valuation Multiples
Market Cap
₹280 Cr.
Current Price
₹132.9
52-Week Low / High
₹79 / 164
TTM EPS
₹-9.7
TTM Sales
₹846 Cr.
Book Value per Share
₹150.1
P/E Ratio
0.00
Industry PE
45.4
Price to Book (P/B)
0.84
In line with its 5-year historical median
Price to Sales (P/S)
0.33
Lower than its 5-year historical median
EV/EBITDA
6.65
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-9.79%
Underperforms industry median
Return on Capital Employed (ROCE)
0.32%
Underperforms industry median
Return on Assets (ROA)
-4.39%
Operating Profit Margin
6.1%
Net Profit Margin
-3.98%
Gross Profit Margin
3.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.95%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
26.95%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
70.28%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹310 Cr.
Equity
₹22.1 Cr.
Face Value
₹10
All Time Low / High
₹18.00 / 338.00
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is UCAL Ltd a good quality company?
UCAL Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does UCAL Ltd performance compare with that of its Peers?
Revenue growth of UCAL Ltd vs industry peers?
UCAL Ltd revenue CAGR is 4.06%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of UCAL Ltd?
Promoters hold 70.28% of the UCAL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of UCAL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -5.6% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.5% | -10.4% | 13.7% | -8.9% | 7.2% | 5% | 5.9% | 6.7% | 9.7% | -13.7% | - |
| Value Creation Index ⓘ | -0.3 | -1.8 | 0.0 | -1.6 | -0.5 | -0.6 | -0.6 | -0.5 | -0.3 | -2.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 567 | 577 | 596 | 510 | 493 | 544 | 584 | 482 | 583 | 647 | 708 |
| Sales YoY Gr. | - | 1.7% | 3.4% | -14.5% | -3.4% | 10.4% | 7.4% | -17.4% | 20.8% | 11% | - |
| Adj EPS ⓘ | 12.3 | 21.4 | 17.8 | -5.5 | 15.8 | 3.6 | 3.7 | 0.6 | 5.2 | -9.9 | -41.3 |
| YoY Gr. | - | 74.2% | -17% | -131.1% | NA | -77.2% | 1.7% | -83.9% | 778% | -291.3% | - |
| BVPS (₹) ⓘ | 219.4 | 186.2 | 191.9 | 141.9 | 158.2 | 159.6 | 161.8 | 160.2 | 169.6 | 126.5 | 129.1 |
| Adj Net Profit ⓘ | 27.2 | 47.4 | 39.3 | -12.2 | 35 | 8 | 8.1 | 1.3 | 11.5 | -21.9 | -91 |
| Cash Flow from Ops. ⓘ | 80.5 | 66.6 | 107 | 123 | 16.1 | 27.1 | 69.3 | 73.6 | 4.2 | 67.6 | - |
| Debt/CF from Ops. ⓘ | 2.5 | 3 | 1.6 | 1.3 | 13.6 | 6.9 | 2.2 | 2.2 | 46.9 | 2.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.5% | 5.6% | 3.4% | 11% | ||||
| Adj EPS ⓘ | -197.6% | -191.1% | -239.3% | -291.3% | ||||
| BVPSⓘ | -5.9% | -4.4% | -7.9% | -25.4% | ||||
| Share Price | -5.1% | -1.8% | 0.2% | 1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.7 | 10.6 | 9.4 | -3.3 | 10.6 | 2.3 | 2.3 | 0.4 | 3.1 | -6.7 | -32.3 |
| Op. Profit Mgn % ⓘ | 14.2 | 17.1 | 16.4 | 13.9 | 11 | 8.5 | 8 | 9.8 | 9.6 | 8.5 | 8.7 |
| Net Profit Mgn % ⓘ | 4.8 | 8.2 | 6.6 | -2.4 | 7.1 | 1.5 | 1.4 | 0.3 | 2 | -3.4 | -12.9 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.4 | 0.5 | 0.6 | 0.5 | 0.4 | 0.5 | 0.5 | 0.7 | - |
| Working Cap Days ⓘ | 180 | 158 | 116 | 124 | 128 | 116 | 101 | 121 | 110 | 114 | 59 |
| Cash Conv. Cycle ⓘ | 5 | 1 | -5 | -33 | -22 | 13 | 4 | 4 | 14 | 13 | -9 |
Valuation of UCAL - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 791 | 820 | 870 | 732 | 687 | 782 | 823 | 723 | 802 | 838 |
| Operating Expenses ⓘ + | 689 | 697 | 745 | 643 | 620 | 710 | 766 | 684 | 763 | 787 |
| Operating Profit ⓘ | 102 | 123 | 124 | 89 | 67 | 73 | 57 | 39 | 40 | 50 |
| Operating Profit Margin (%) | 12.9% | 15.0% | 14.3% | 12.2% | 9.7% | 9.3% | 7.0% | 5.4% | 5.0% | 6.0% |
| Other Income ⓘ + | 11 | 7 | 6 | 12 | 13 | 31 | 9 | 10 | 22 | 6 |
| Interest ⓘ | 28 | 26 | 27 | 27 | 28 | 23 | 22 | 24 | 29 | 30 |
| Depreciation ⓘ | 34 | 30 | 30 | 40 | 40 | 41 | 38 | 33 | 41 | 37 |
| Profit Before Tax ⓘ | 51 | 74 | 73 | 35 | 11 | 39 | 6 | -9 | -8 | -29 |
| Tax ⓘ | 15 | -27 | 27 | 14 | -18 | 4 | 6 | 16 | 8 | 5 |
| Profit After Tax | 36 | 101 | 46 | 21 | 29 | 35 | 1 | -25 | -16 | -33 |
| PAT Margin (%) | 4.5% | 12.3% | 5.3% | 2.9% | 4.2% | 4.5% | 0.1% | -3.5% | -2.0% | -4.0% |
| Adjusted EPS (₹) | 16.2 | 45.8 | 20.7 | 9.6 | 13.1 | 15.8 | 0.4 | -11.4 | -7.4 | -15.1 |
| Dividend Payout Ratio (%) | 30.80% | 21.90% | 43.40% | 0% | 15.30% | 12.70% | 518.80% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 211 | 298 | 322 | 331 | 358 | 392 | 393 | 371 | 355 | 326 | |
| Debt + | 224 | 226 | 194 | 170 | 233 | 187 | 161 | 165 | 220 | 137 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 125 | 113 | 142 | 147 | 144 | 96 | 129 | 130 | 132 | 131 | |
| Others Liabilities ⓘ | 84 | 53 | 70 | 114 | 86 | 66 | 64 | 123 | 130 | 86 | |
| Total Liabilities ⓘ | 643 | 690 | 728 | 762 | 822 | 741 | 747 | 789 | 837 | 680 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 373 | 385 | 406 | 495 | 471 | 460 | 436 | 491 | 466 | 375 | |
| CWIP ⓘ | 8 | 14 | 14 | 1 | 2 | 4 | 16 | 21 | 27 | 27 | |
| Investments ⓘ | 16 | 16 | 16 | 16 | 16 | 3 | 3 | 3 | 4 | 3 | |
| Inventories | 75 | 85 | 89 | 91 | 97 | 106 | 98 | 98 | 131 | 72 | |
| Trade Receivables | 116 | 121 | 136 | 81 | 133 | 97 | 119 | 118 | 111 | 103 | |
| Cash Equivalents | 5 | 3 | 3 | 4 | 32 | 2 | 1 | 7 | 40 | 39 | |
| Others Assets ⓘ | 50 | 66 | 65 | 72 | 70 | 69 | 74 | 51 | 59 | 62 | |
| Total Assets ⓘ | 643 | 690 | 728 | 762 | 822 | 741 | 747 | 789 | 837 | 680 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 98 | 78 | 130 | 134 | 10 | 81 | 78 | 39 | 15 | 91 |
| Cash Flow From Investing Activity ⓘ + | -19 | -45 | -44 | -72 | -9 | -29 | -33 | -82 | -7 | 62 |
| Cash Flow From Financing Activity ⓘ + | -71 | -49 | -48 | -65 | 31 | -83 | -9 | 40 | -7 | -154 |
| Net Cash Flow ⓘ | 8 | -15 | 38 | -3 | 32 | -32 | 36 | -3 | 1 | -2 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 29.64 | 39.77 | 14.76 | 6.48 | 8.37 | 9.3 | 0.22 | -6.61 | -4.49 | -9.79 |
| ROCE (%) | 20.1 | 19.55 | 18.04 | 11.18 | 6.58 | 9.97 | 4.7 | 2.65 | 3.56 | 0.32 |
| Asset Turnover Ratio | 1.54 | 1.28 | 1.23 | 0.98 | 0.87 | 1 | 1.11 | 0.94 | 0.99 | 1.1 |
| PAT to CFO Conversion(x) | 2.72 | 0.77 | 2.83 | 6.38 | 0.34 | 2.31 | 78 | N/A | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 45.50 | 50.80 | 53.90 | 54.10 | 56.90 | 53.70 | 47.90 | 59.80 | 52 | 46.50 |
| Inventory Days | 32 | 34.40 | 36.40 | 44.80 | 50.10 | 47.50 | 45.30 | 49.50 | 52.30 | 44.40 |
| Payable Days | 125.30 | 128.20 | 126.30 | 169 | 144.80 | 97.20 | 77.80 | 95.60 | 99.50 | 104.90 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
UCAL Ltd FAQs
The current trading price of UCAL on 30-Oct-2026 15:06 is ₹132.8.
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 29-Oct-2026 the market cap of UCAL stood at ₹279.9 Cr
The latest P/E ratio of UCAL as of 29-Oct-2026 is 0.00.
The latest P/B ratio of UCAL as of 29-Oct-2026 is 0.98.
The 52-week high of UCAL is ₹163.8 and the 52-week low is ₹79.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of UCAL is ₹708 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that UCAL Ltd is a average quality company.
The key valuation ratios of UCAL Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of UCAL Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About UCAL 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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