Ultracab (India) Ltd - Stock Valuation and Financial Performance

BSE: 538706 | NSE: | Cable | Small Cap

Ultracab Share Price

14.70 -0.29 -1.93%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Ultracab

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Ultracab (India) stock performance -

mw4me loader
P/E Ratio (SA):
23.65
Market Cap:
140.3 Cr.
52-wk low:
11.5
52-wk high:
29.8

Is Ultracab (India) Ltd an attractive stock to invest in?

1. Is Ultracab (India) Ltd a good quality company?

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

2. Is Ultracab (India) Ltd undervalued or overvalued?

The key valuation ratios of Ultracab (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Ultracab (India) Ltd a good buy now?

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.

10 Year X-Ray of Ultracab:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.6%9.2%7.3%5.6%6.2%7.4%7.3%9.2%9%12.9%-
Value Creation
Index
-0.1-0.3-0.5-0.6-0.6-0.5-0.5-0.3-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.735.141.338.949.273.266.270.785.1107104
Sales YoY Gr.-10.6%17.7%-5.8%26.7%48.7%-9.6%6.7%20.5%26.1%-
Adj EPS 0.100.100.10.10.10.20.30.60.6
YoY Gr.--69.2%50%-50%166.7%50%-8.3%100%50%84.9%-
BVPS (₹) 1.11.71.91.922.12.22.42.73.43.8
Adj Net
Profit
0.80.40.60.30.81.21.12.13.15.86
Cash Flow from Ops. 1.3-6.3-0.10.5-2.201.3-1.4-0.96.1-
Debt/CF from Ops. 12.5-1.9-232.631.4-10.4621.723.1-28-425.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.5%16.9%17.5%26.1%
Adj EPS 18.7%50.1%77%84.9%
BVPS13.6%11.1%15.1%22.3%
Share Price - 16.4% -5.3% -18%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.13.33.61.74.26.15.29.512.82017.4
Op. Profit
Mgn %
12.510.48.27.98.36.88.51010.311.411.5
Net Profit
Mgn %
2.411.50.81.61.61.633.75.45.7
Debt to
Equity
2.60.80.80.81.21.31.41.71.51.1-
Working Cap
Days
245249231288258207267287262264135
Cash Conv.
Cycle
15317819122119215619120519320152

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.40%

Sales growth is growing at healthy rate in last 3 years 17.50%

Net Profit is growing at healthy rate in last 3 years 77.00%

Debt to equity has increased versus last 3 years average to 1.10

Sales growth is not so good in last 4 quarters at -4.02%

Latest Financials - Ultracab (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.6 -
TTM Sales (₹ Cr.) 104 -
BVPS (₹.) 3.8 -
Reserves (₹ Cr.) 17 -
P/BV 3.88 -
PE 23.65 -
From the Market
52 Week Low / High (₹) 11.49 / 29.84
All Time Low / High (₹) 3.28 / 34.00
Market Cap (₹ Cr.) 140
Equity (₹ Cr.) 19.1
Face Value (₹) 2
Industry PE 48.8

Management X-Ray of Ultracab:

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 (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Ultracab

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales323541394973667185107
Operating Expenses 28313836456861647695
Manufacturing Costs1111122223
Material Costs24283432396152556884
Employee Cost 1111223333
Other Costs 1112234446
Operating Profit 44334567912
Operating Profit Margin (%) 12.5%10.4%8.1%7.9%8.3%6.7%8.5%10.0%10.3%11.3%
Other Income 0000000100
Interest 2322234444
Depreciation 0011111111
Exceptional Items 0000000000
Profit Before Tax 1110122348
Tax 0000001112
Profit After Tax 1010111236
PAT Margin (%) 2.3%1.0%1.5%0.8%1.5%1.6%1.6%2.9%3.7%5.4%
Adjusted EPS (₹)0.10.00.10.00.10.10.10.20.30.6
Dividend Payout Ratio (%)0%0%0%0%34%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6151818192021232632
Share Capital 38813131313131919
Reserves 479667810713
Minority Interest0000000000
Debt16121415222629373834
Long Term Debt41114548105
Short Term Debt12111314182224292829
Trade Payables834881017121616
Others Liabilities 1112212437
Total Liabilities 32323843525769768488

Fixed Assets

Gross Block667891010121314
Accumulated Depreciation2233455667
Net Fixed Assets4455555667
CWIP 0000000000
Investments 0000000000
Inventories20222529353846536066
Trade Receivables5567101316131512
Cash Equivalents 2021111222
Others Assets1112111212
Total Assets 32323843525769768488

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1-600-201-1-16
PBT 1110122348
Adjustment 0011111111
Changes in Working Capital 0-7-1-0-4-2-0-4-5-0
Tax Paid 000000-1-1-1-2
Cash Flow From Investing Activity -10-2-1-1-1-1-20-1
Capex -10-2-1-1-1-1-2-1-1
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 153031042-5
Net Proceeds from Shares 0920000000
Net Proceeds from Borrowing 1-30031042-5
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 1-11-1000100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.473.183.71.694.066.015.079.2912.7720.01
ROCE (%)18.0913.849.9788.810.1510.7812.412.817.6
Asset Turnover Ratio1.241.231.331.081.241.581.241.151.251.24
PAT to CFO Conversion(x)1N/A0N/A-201-0.5-0.331
Working Capital Days
Receivable Days50434053524866625147
Inventory Days186199186226197154196218207214
Payable Days110774272775493977670

Ultracab (India) Ltd Stock News

Ultracab (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ultracab on 12-Apr-2024 16:59 is ₹14.70.
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 12-Apr-2024 16:59 the market cap of Ultracab stood at ₹140.3.
The latest P/E ratio of Ultracab as of 12-Apr-2024 16:59 is 23.65.
The latest P/B ratio of Ultracab as of 12-Apr-2024 16:59 is 3.88.
The 52-week high of Ultracab is ₹29.84 and the 52-week low is ₹11.49.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultracab is ₹104.3 ( Cr.) .

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.

 

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.