Ultracab (India) Ltd - Stock Valuation and Financial Performance

BSE: 538706 | NSE: | Cable | Small Cap

Ultracab Share Price

17.69 -0.22 -1.23%
as on 11-Oct'24 16:01

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

Undervalued

3. Price Trend

Ultracab (India) stock performance -

mw4me loader
P/E Ratio (SA):
23.86
Market Cap:
168.8 Cr.
52-wk low:
12.3
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 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.8%10%8%8.8%10.2%10.8%12.4%12.8%17.6%15.8%-
Value Creation
Index
0.0-0.3-0.4-0.4-0.3-0.2-0.1-0.10.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 35.141.338.949.273.266.270.785.1107124152
Sales YoY Gr.-17.7%-5.8%26.7%48.7%-9.6%6.7%20.5%26.1%15.6%-
Adj EPS 00.100.10.10.10.20.30.60.60.7
YoY Gr.-50%-50%166.7%50%-8.3%100%50%84.9%3.3%-
BVPS (₹) 1.71.91.922.12.22.42.73.444.2
Adj Net
Profit
0.40.60.30.81.21.12.13.15.867
Cash Flow from Ops. -6.3-0.10.5-2.201.3-1.4-0.96.1-23.9-
Debt/CF from Ops. -1.9-232.631.4-10.4621.723.1-28-425.8-2.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.1%11.1%20.6%15.6%
Adj EPS 35.8%39.3%42%3.3%
BVPS10.2%13.8%18.2%18.8%
Share Price 18% 19.3% -2.7% -7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3.33.61.74.26.15.29.512.819.917.218.1
Op. Profit
Mgn %
10.48.27.98.36.88.51010.311.310.59.8
Net Profit
Mgn %
11.50.81.61.61.633.75.44.84.7
Debt to
Equity
0.80.80.81.21.31.41.71.51.11.4-
Working Cap
Days
249231288258207267287262264218110
Cash Conv.
Cycle
17819122119215619120519320117355

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Sales growth is growing at healthy rate in last 3 years 20.64%

Net Profit is growing at healthy rate in last 3 years 42.01%

Sales growth is good in last 4 quarters at 43.55%

Debt to equity has increased versus last 3 years average to 1.38

Latest Financials - Ultracab (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -
TTM Sales (₹ Cr.) 152 -
BVPS (₹.) 4.2 -
Reserves (₹ Cr.) 21 -
P/BV 4.21 -
PE 23.86 -
From the Market
52 Week Low / High (₹) 12.32 / 29.84
All Time Low / High (₹) 3.28 / 34.00
Market Cap (₹ Cr.) 169
Equity (₹ Cr.) 19.1
Face Value (₹) 2
Industry PE 59.6

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

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Analyst's Notes

Key Ratios of Ultracab

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3541394973667185107124
Operating Expenses 313836456861647695111
Manufacturing Costs1111222233
Material Costs28343239615255688498
Employee Cost 1112233333
Other Costs 1122344467
Operating Profit 433456791213
Operating Profit Margin (%) 10.4%8.1%7.9%8.3%6.7%8.5%10.0%10.3%11.3%10.5%
Other Income 0000001000
Interest 3222344444
Depreciation 0111111111
Exceptional Items 0000000000
Profit Before Tax 1101223488
Tax 0000011122
Profit After Tax 0101112366
PAT Margin (%) 1.0%1.5%0.8%1.5%1.6%1.6%2.9%3.7%5.4%4.8%
Adjusted EPS (₹)0.00.10.00.10.10.10.20.30.60.6
Dividend Payout Ratio (%)0%0%0%34%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 15181819202123263238
Share Capital 881313131313191919
Reserves 7966781071319
Minority Interest0000000000
Debt12141522262937383451
Long Term Debt111454810531
Short Term Debt11131418222429282919
Trade Payables348810171216167
Others Liabilities 1122124377
Total Liabilities 323843525769768488103

Fixed Assets

Gross Block6789101012131415
Accumulated Depreciation2334556678
Net Fixed Assets4555556677
CWIP 0000000000
Investments 0000000000
Inventories22252935384653606668
Trade Receivables56710131613151223
Cash Equivalents 0211112223
Others Assets1121112121
Total Assets 323843525769768488103

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -600-201-1-16-24
PBT 1101223488
Adjustment 0111111111
Changes in Working Capital -7-1-0-4-2-0-4-5-0-31
Tax Paid 00000-1-1-1-2-2
Cash Flow From Investing Activity 0-2-1-1-1-1-20-1-2
Capex 0-2-1-1-1-1-2-1-1-2
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 53031042-526
Net Proceeds from Shares 9200000000
Net Proceeds from Borrowing -30031042-526
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow -11-10001001
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.183.71.694.066.015.079.2912.7720.0117.09
ROCE (%)13.849.9788.810.1510.7812.412.817.615.8
Asset Turnover Ratio1.231.331.081.241.581.241.151.251.241.51
PAT to CFO Conversion(x)N/A0N/A-201-0.5-0.331-4
Working Capital Days
Receivable Days43405352486662514744
Inventory Days199186226197154196218207214169
Payable Days77427277549397767044

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 11-Oct-2024 16:01 is ₹17.69.
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 11-Oct-2024 16:01 the market cap of Ultracab stood at ₹168.8.
The latest P/E ratio of Ultracab as of 11-Oct-2024 16:01 is 23.86.
The latest P/B ratio of Ultracab as of 11-Oct-2024 16:01 is 4.21.
The 52-week high of Ultracab is ₹29.84 and the 52-week low is ₹12.32.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultracab is ₹151.5 ( 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.

 

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