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Ultracab (India) Ltd (538706)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538706 NSE: Cable | Small Cap | Ultracab (India) Share Price

₹7.39 0.03 (0.41%)

As on 02-Jul'26 16:59

Ultracab (India) Ltd (538706)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538706 NSE: Cable | Small Cap | Ultracab (India) Share Price

₹7.39 0.03 (0.41%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹91 Cr.
Current Price
₹7.4
52-Week Low / High
₹5 / 12
TTM EPS
₹0.5
TTM Sales
₹260 Cr.
Book Value per Share
₹7.5
P/E Ratio
16.26
Lower than its 5-year historical median
Industry PE
55.4
Price to Book (P/B)
0.98
Lower than its 5-year historical median
Price to Sales (P/S)
0.35
Lower than its 5-year historical median
EV/EBITDA
10.30
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.53%
Outperforms industry median
Return on Capital Employed (ROCE)
17.70%
Outperforms industry median
Return on Assets (ROA)
7.70%
Operating Profit Margin
8.1%
Net Profit Margin
4.06%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
93%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
48.62%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
62.54%
Asset Quality
Promoter Holding
29.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹68 Cr.
Equity
₹24.6 Cr.
Face Value
₹2
All Time Low / High
₹3.19 / 33.09

Ultracab (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ultracab (India) Ltd a good quality company?
Ultracab (India) Ltd is a quality company, based on a 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 Ultracab (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ultracab (India) Ltd vs industry peers?
Ultracab (India) Ltd revenue CAGR is 29.32%, compared to the industry median CAGR of 4.57%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ultracab (India) Ltd?
Promoters hold 29.50% of the Ultracab (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ultracab (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -6.9% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Ultracab (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10%8%8.8%10.2%10.8%12.4%12.8%17.6%15.8%17.7%-
Value Creation
Index
-0.3-0.4-0.4-0.3-0.2-0.1-0.10.30.10.3-

Growth Parameters

Sales 41.338.949.273.266.270.785.1107124239260
Sales YoY Gr.--5.8%26.7%48.7%-9.6%6.7%20.5%26.1%15.6%93%-
Adj EPS 0.100.10.10.10.20.30.60.60.80.5
YoY Gr.--50%166.7%50%-8.3%90.9%52.4%84.4%3.4%29.5%-
BVPS (₹) 1.81.91.922.12.42.73.33.97.17.5
Adj Net
Profit
0.60.30.81.21.12.13.15.869.76
Cash Flow from Ops. -0.10.5-2.201.3-1.4-0.96.1-23.9-3.7-
Debt/CF from Ops. -232.631.4-10.4621.723.1-28-425.8-2.2-9.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 21.6%29.3%41.2%93%
Adj EPS 33.2%48.3%35.2%29.5%
BVPS16.3%27.1%38.5%83.5%
Share Price -7% -18.6% -21.2% -34.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.61.74.26.15.29.512.819.917.215.66.2
Op. Profit
Mgn %
8.27.98.36.88.51010.311.310.58.14.5
Net Profit
Mgn %
1.50.81.61.61.633.75.44.84.12.1
Debt to
Equity
0.80.81.21.31.41.71.51.11.40.40
Working Cap
Days
23128825820726728726226421814690
Cash Conv.
Cycle
19122119215619120519320117312154

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales41.2538.8649.2473.2166.2070.6585.13107.36124.06239.43
Operating Expenses + 37.8935.8045.1668.2860.5863.5776.3695.19110.98219.99
Manufacturing Costs1.3511.321.531.811.591.642.522.784.11
Material Costs33.9531.5938.9761.1951.7954.6567.7784.0298.36200.74
Employee Cost 1.121.412.462.202.723.272.862.643.083.94
Other Costs 1.461.802.413.354.264.064.096.026.7611.21
Operating Profit 3.363.054.084.945.627.088.7712.1713.0819.44
Operating Profit Margin (%) 8.1%7.9%8.3%6.7%8.5%10.0%10.3%11.3%10.5%8.1%
Other Income + 0.100.240.080.340.230.660.120.310.340.55
Exceptional Items 0.020-0.01-0.01-0.05-0.080.01-0.04-0.10-0.03
Interest 2.252.212.202.973.504.393.673.894.025.05
Depreciation 0.510.650.840.800.580.710.750.780.871.20
Profit Before Tax 0.740.441.111.511.712.564.497.778.4313.71
Tax 0.120.130.350.340.670.521.341.952.463.99
Profit After Tax 0.610.310.751.171.042.043.145.825.989.72
PAT Margin (%) 1.5%0.8%1.5%1.6%1.6%2.9%3.7%5.4%4.8%4.1%
Adjusted EPS (₹)0.10.00.10.10.10.20.30.60.60.8
Dividend Payout Ratio (%)0%0%33.70%0%0%0%0%0%0%0%

Valuation of Ultracab (India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 17.9718.2718.9019.9520.9923.0326.1731.9837.9687.26
Share Capital 8.4812.7212.7212.7212.7212.7219.0819.0819.0824.59
Reserves 9.495.556.187.238.2710.317.0812.9018.8862.67
Debt +14.1914.8122.1226.2528.7337.0338.3833.6050.8032.57
Long Term Debt1.100.653.714.664.308.269.914.9431.423.22
Short Term Debt13.0914.1718.4121.5824.4328.7728.4728.6619.3829.35
Minority Interest0000000000
Trade Payables4.388.098.419.6916.6412.2816.1216.297.4821.59
Others Liabilities 1.282.222.121.382.303.703.486.566.817.88
Total Liabilities 37.8143.4051.5457.2768.6576.0484.1588.43103.05149.30

Fixed Assets

Net Fixed Assets +4.934.984.884.815.026.316.216.617.4911.70
Gross Block7.468.158.889.5910.2912.0412.6413.6615.0320.44
Accumulated Depreciation2.533.174.014.785.275.726.437.057.548.74
CWIP 00.1800000000
Investments 0000000000
Inventories25.0728.9534.7837.8445.7953.2459.9565.7868.4988.12
Trade Receivables5.726.999.9612.5615.5412.7215.0312.3322.9242.17
Cash Equivalents 1.530.750.881.081.301.832.092.102.685.43
Others Assets 0.561.551.040.9811.940.871.601.481.88
Total Assets 37.8143.4051.5457.2768.6576.0484.1588.43103.05149.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.060.49-2.180.041.26-1.39-0.936.11-23.91-3.71
PBT 0.740.441.111.531.712.564.497.778.4313.71
Adjustment 0.570.580.790.760.570.790.730.710.800.84
Changes in Working Capital -1.14-0.39-3.68-1.81-0.45-4.09-5.33-0.42-30.69-14.3
Tax Paid -0.23-0.14-0.40-0.43-0.57-0.65-0.82-1.95-2.46-3.96
Cash Flow From Investing Activity + -1.64-0.95-0.68-0.68-0.77-2.05-0.45-1.13-2-5.26
Capex -1.65-0.88-0.55-0.73-0.82-2.08-0.64-1.20-1.73-5.42
Net Investments 0000000000
Others 0.02-0.07-0.130.050.040.040.190.07-0.270.15
Cash Flow From Financing Activity + 2.83-0.3330.84-0.263.961.65-4.9726.4911.72
Net Proceeds from Shares 2.310000000039.93
Net Proceeds from Borrowing 0.50-0.463.060.95-0.363.961.65-4.9726.49-28.20
Interest Paid 0.05000.040.0400000
Dividend Paid 00-0.13-0.13000000
Others -0.020.130.06-0.030.0600000
Net Cash Flow 1.13-0.790.130.200.220.520.270.010.582.75

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.71.694.066.015.079.2912.7720.0117.0915.53
ROCE (%)9.9788.810.1510.7812.412.817.615.817.7
Asset Turnover Ratio1.331.081.241.581.241.151.251.241.512.23
PAT to CFO Conversion(x)-0.11.58-2.910.031.21-0.68-0.31.05-4-0.38
Working Capital Days
Receivable Days40.4053.1052.4047.9065.9062.2050.6046.5044.5042.20
Inventory Days186225.80197.10154.40196218206.50213.70169.40101.50
Payable Days42.107277.305492.8096.6076.5070.4044.1026.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ultracab (India) Ltd FAQs

The current trading price of Ultracab (India) on 02-Jul-2026 16:59 is ₹7.39.

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-Jul-2026 the market cap of Ultracab (India) stood at ₹90.87 Cr

The latest P/E ratio of Ultracab (India) as of 01-Jul-2026 is 16.26.

The latest P/B ratio of Ultracab (India) as of 01-Jul-2026 is 0.98.

The 52-week high of Ultracab (India) is ₹11.95 and the 52-week low is ₹5.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultracab (India) is ₹260 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ultracab (India) Ltd is a below average quality company.

The key valuation ratios of Ultracab (India) 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 Ultracab (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ultracab (India) Ltd

Ultracab India was incorporated in the year 2007 as ‘Ultracab (India) Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of incorporation dated December 19, 2007 bearing registration no. 052394 of 2007 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, the company was converted into a public limited company vide fresh certificate of incorporation dated July 30, 2014 and consequently the name of the company was changed to ‘Ultracab (India) Limited’. The company is engaged in the manufacture and export of wires and cables in India. The company is working in this domain for more than 6 years. It is using advanced technology and machineries for manufacturing quality products. It started business with PVC cables and wires in India which are now supplied across different networks worldwide. The company produces durable and reliable cables and wires, and its products have earned reputation in the market. Because of its manufacturing skills and technical expertise in electrical industry, the company is able to make strong market presence in India. The company’s quality products are sold not only in India but also in countries like UK, UA.E, Africa, Singapore, Uganda etc.

The company’s manufacturing facility is situated at Shapar (Rajkot, Gujarat) India. Its facility involves modern technology, tools, high-tech machines which spin out the quality standard of cables. The company’s manufacturing facility, spread over 11483.19 sq m area and has 100 per cent in house facility from wire drawing machine until testing on finished products. The company is popular for delivering quality electrical products before committed time frame. It also offers customized business solution to the clients without any delay and at competitive prices.

The company’s strong national distribution network bonds it with clients. The company has successfully met the needs of its diverse client base by implementing cutting-edge technology and modern machineries in its set up. It has a strong footing in the overseas market due to cables and wires manufactured under strict quality control measures. It offers the quality products after following the recognized quality standards. It has a well-equipped research and development unit that helps the company immensely to offer innovative products to clients. R&D is always a boon for staying ahead of others in this extremely competitive environment and its cables and wires have always assisted in the growth of a substantial segment of Indian industry.

 

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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