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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
₹8.20 1.36 (19.88%)
As on 04-Sep'26 13:32
Ultracab (India) Ltd (538706)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538706 NSE: Cable | Small Cap | Ultracab (India) Share Price
₹8.20 1.36 (19.88%)
As on 04-Sep'26 13:32
Key Metrics
Valuation Multiples
Market Cap
₹84 Cr.
Current Price
₹8.2
52-Week Low / High
₹5 / 11
TTM EPS
₹0.4
TTM Sales
₹279 Cr.
Book Value per Share
₹7.6
P/E Ratio
16.96
Lower than its 5-year historical median
Industry PE
54.8
Price to Book (P/B)
0.90
Lower than its 5-year historical median
Price to Sales (P/S)
0.30
Lower than its 5-year historical median
EV/EBITDA
10.50
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.21%
Underperforms industry median
Return on Capital Employed (ROCE)
8.39%
Underperforms industry median
Return on Assets (ROA)
3.64%
Operating Profit Margin
4.5%
Net Profit Margin
2.15%
Gross Profit Margin
3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.63%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-39.71%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-42.49%
Asset Quality
Promoter Holding
29.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹69 Cr.
Equity
₹24.6 Cr.
Face Value
₹2
All Time Low / High
₹3.19 / 33.09
Check Before You Invest
M-Cap below 100cr DeciZen not available
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:
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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?
Revenue growth of Ultracab (India) Ltd vs industry peers?
Ultracab (India) Ltd revenue CAGR is 29.78%, compared to the industry median CAGR of 6.51%, indicating faster growth and gaining its market share.
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.
Stock return of Ultracab (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -8.7% 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.
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8% | 8.8% | 10.2% | 10.8% | 12.4% | 12.8% | 17.6% | 15.8% | 17.7% | 8.4% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.3 | -0.2 | -0.1 | -0.1 | 0.3 | 0.1 | 0.3 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 38.9 | 49.2 | 73.2 | 66.2 | 70.7 | 85.1 | 107 | 124 | 239 | 260 | 279 |
| Sales YoY Gr. | - | 26.7% | 48.7% | -9.6% | 6.7% | 20.5% | 26.1% | 15.6% | 93% | 8.6% | - |
| Adj EPS ⓘ | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 0.6 | 0.8 | 0.4 | 0.4 |
| YoY Gr. | - | 166.7% | 50% | -8.3% | 90.9% | 52.4% | 84.4% | 3.4% | 29.5% | -45.6% | - |
| BVPS (₹) ⓘ | 1.9 | 1.9 | 2 | 2.1 | 2.4 | 2.7 | 3.3 | 3.9 | 7.1 | 7.5 | 7.6 |
| Adj Net Profit ⓘ | 0.3 | 0.8 | 1.2 | 1.1 | 2.1 | 3.1 | 5.8 | 6 | 9.7 | 5.4 | 5 |
| Cash Flow from Ops. ⓘ | 0.5 | -2.2 | 0 | 1.3 | -1.4 | -0.9 | 6.1 | -23.9 | -3.7 | 5.5 | - |
| Debt/CF from Ops. ⓘ | 31.4 | -10.4 | 621.7 | 23.1 | -28 | -42 | 5.8 | -2.2 | -9.3 | 8.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 23.5% | 29.8% | 34.3% | 8.6% | ||||
| Adj EPS ⓘ | 34.4% | 15.4% | -10% | -45.6% | ||||
| BVPSⓘ | 16.8% | 26.3% | 32.3% | 6.2% | ||||
| Share Price | -7% | -14.5% | -23.4% | -13.2% | ||||
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 % ⓘ | 1.7 | 4.2 | 6.1 | 5.2 | 9.5 | 12.8 | 19.9 | 17.2 | 15.6 | 5.9 | 5.3 |
| Op. Profit Mgn % ⓘ | 7.9 | 8.3 | 6.8 | 8.5 | 10 | 10.3 | 11.3 | 10.5 | 8.1 | 4.5 | 3.9 |
| Net Profit Mgn % ⓘ | 0.8 | 1.6 | 1.6 | 1.6 | 3 | 3.7 | 5.4 | 4.8 | 4.1 | 2.1 | 1.8 |
| Debt to Equity ⓘ | 0.8 | 1.2 | 1.3 | 1.4 | 1.7 | 1.5 | 1.1 | 1.4 | 0.4 | 0.5 | - |
| Working Cap Days ⓘ | 288 | 258 | 207 | 267 | 287 | 262 | 264 | 218 | 146 | 162 | 90 |
| Cash Conv. Cycle ⓘ | 221 | 192 | 156 | 191 | 205 | 193 | 201 | 173 | 121 | 133 | 54 |
Valuation of Ultracab (India) - Standalone
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 | 38.86 | 49.24 | 73.21 | 66.20 | 70.65 | 85.13 | 107.36 | 124.06 | 239.43 | 260.10 |
| Operating Expenses ⓘ + | 35.80 | 45.16 | 68.28 | 60.58 | 63.57 | 76.36 | 95.19 | 110.98 | 219.99 | 248.38 |
| Operating Profit ⓘ | 3.05 | 4.08 | 4.94 | 5.62 | 7.08 | 8.77 | 12.17 | 13.08 | 19.44 | 11.72 |
| Operating Profit Margin (%) | 7.9% | 8.3% | 6.7% | 8.5% | 10.0% | 10.3% | 11.3% | 10.5% | 8.1% | 4.5% |
| Other Income ⓘ + | 0.24 | 0.08 | 0.34 | 0.23 | 0.66 | 0.12 | 0.31 | 0.34 | 0.55 | 0.79 |
| Interest ⓘ | 2.21 | 2.20 | 2.97 | 3.50 | 4.39 | 3.67 | 3.89 | 4.02 | 5.05 | 3.50 |
| Depreciation ⓘ | 0.65 | 0.84 | 0.80 | 0.58 | 0.71 | 0.75 | 0.78 | 0.87 | 1.20 | 1.57 |
| Profit Before Tax ⓘ | 0.44 | 1.11 | 1.51 | 1.71 | 2.56 | 4.49 | 7.77 | 8.43 | 13.71 | 7.42 |
| Tax ⓘ | 0.13 | 0.35 | 0.34 | 0.67 | 0.52 | 1.34 | 1.95 | 2.46 | 3.99 | 1.83 |
| Profit After Tax | 0.31 | 0.75 | 1.17 | 1.04 | 2.04 | 3.14 | 5.82 | 5.98 | 9.72 | 5.59 |
| PAT Margin (%) | 0.8% | 1.5% | 1.6% | 1.6% | 2.9% | 3.7% | 5.4% | 4.8% | 4.1% | 2.2% |
| Adjusted EPS (₹) | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 0.6 | 0.8 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 33.70% | 0% | 0% | 0% | 0% | 0% | 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 + | 18.27 | 18.90 | 19.95 | 20.99 | 23.03 | 26.17 | 31.98 | 37.96 | 87.26 | 92.71 | |
| Debt + | 14.81 | 22.12 | 26.25 | 28.73 | 37.03 | 38.38 | 33.60 | 50.80 | 32.57 | 44.33 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 8.09 | 8.41 | 9.69 | 16.64 | 12.28 | 16.12 | 16.29 | 7.48 | 21.59 | 13.99 | |
| Others Liabilities ⓘ | 2.22 | 2.12 | 1.38 | 2.30 | 3.70 | 3.48 | 6.56 | 6.81 | 7.88 | 6.45 | |
| Total Liabilities ⓘ | 43.40 | 51.54 | 57.27 | 68.65 | 76.04 | 84.15 | 88.43 | 103.05 | 149.30 | 157.47 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 4.98 | 4.88 | 4.81 | 5.02 | 6.31 | 6.21 | 6.61 | 7.49 | 11.70 | 13.43 | |
| CWIP ⓘ | 0.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 28.95 | 34.78 | 37.84 | 45.79 | 53.24 | 59.95 | 65.78 | 68.49 | 88.12 | 90.02 | |
| Trade Receivables | 6.99 | 9.96 | 12.56 | 15.54 | 12.72 | 15.03 | 12.33 | 22.92 | 42.17 | 45.28 | |
| Cash Equivalents | 0.75 | 0.88 | 1.08 | 1.30 | 1.83 | 2.09 | 2.10 | 2.68 | 5.43 | 6.32 | |
| Others Assets ⓘ | 1.55 | 1.04 | 0.98 | 1 | 1.94 | 0.87 | 1.60 | 1.48 | 1.88 | 2.42 | |
| Total Assets ⓘ | 43.40 | 51.54 | 57.27 | 68.65 | 76.04 | 84.15 | 88.43 | 103.05 | 149.30 | 157.47 | |
| 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 ⓘ + | 0.49 | -2.18 | 0.04 | 1.26 | -1.39 | -0.93 | 6.11 | -23.91 | -3.71 | 5.47 |
| Cash Flow From Investing Activity ⓘ + | -0.95 | -0.68 | -0.68 | -0.77 | -2.05 | -0.45 | -1.13 | -2 | -5.26 | -3.06 |
| Cash Flow From Financing Activity ⓘ + | -0.33 | 3 | 0.84 | -0.26 | 3.96 | 1.65 | -4.97 | 26.49 | 11.72 | -1.53 |
| Net Cash Flow ⓘ | -0.79 | 0.13 | 0.20 | 0.22 | 0.52 | 0.27 | 0.01 | 0.58 | 2.75 | 0.89 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.69 | 4.06 | 6.01 | 5.07 | 9.29 | 12.77 | 20.01 | 17.09 | 15.53 | 6.21 |
| ROCE (%) | 8 | 8.8 | 10.15 | 10.78 | 12.4 | 12.8 | 17.6 | 15.8 | 17.7 | 8.39 |
| Asset Turnover Ratio | 1.08 | 1.24 | 1.58 | 1.24 | 1.15 | 1.25 | 1.24 | 1.51 | 2.23 | 1.99 |
| PAT to CFO Conversion(x) | 1.58 | -2.91 | 0.03 | 1.21 | -0.68 | -0.3 | 1.05 | -4 | -0.38 | 0.98 |
| Working Capital Days | ||||||||||
| Receivable Days | 53.10 | 52.40 | 47.90 | 65.90 | 62.20 | 50.60 | 46.50 | 44.50 | 42.20 | 52.40 |
| Inventory Days | 225.80 | 197.10 | 154.40 | 196 | 218 | 206.50 | 213.70 | 169.40 | 101.50 | 106.60 |
| Payable Days | 72 | 77.30 | 54 | 92.80 | 96.60 | 76.50 | 70.40 | 44.10 | 26.40 | 28.80 |
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Ultracab (India) Ltd FAQs
The current trading price of Ultracab (India) on 04-Sep-2026 13:32 is ₹8.20.
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 03-Sep-2026 the market cap of Ultracab (India) stood at ₹84.10 Cr
The latest P/E ratio of Ultracab (India) as of 03-Sep-2026 is 16.96.
The latest P/B ratio of Ultracab (India) as of 03-Sep-2026 is 0.90.
The 52-week high of Ultracab (India) is ₹10.99 and the 52-week low is ₹5.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultracab (India) is ₹279 ( 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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