Universal Cables Ltd Stock Analysis

BSE: 504212 | NSE: UNIVCABLES | Cable | Small Cap

BSE Share Price 25-Nov-2022 18:01
285.30 16.20 (6.02%)

DeciZen - Make an Informed Decision on Universal Cables

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Universal Cables Price Chart

P/E Ratio (SA) :
17.82
Market Cap :
989.9 Cr.
52-wk low :
122.9
52-wk high :
294.9
Bole Toh?

1. Is Universal Cables Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Universal Cables Ltd is a below average quality company.

2. Is Universal Cables Ltd undervalued or overvalued?

The key valuation ratios of Universal Cables Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Universal Cables Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Universal Cables Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Universal Cables:

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.
Universal Cables 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 3.5%-3.8%-0.2%10.8%10.9%11.9%13.2%11.5%5%7.1%-
Value Creation Index -0.8-1.3-1.0-0.2-0.2-0.2-0.1-0.2-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6196166947498181,1811,4171,5691,2811,8142,112
YoY Gr. Rt. %--0.6%12.8%7.9%9.2%44.3%20%10.8%-18.4%41.6%-
Adj EPS -1.9-16.9-15.74.8811.519.818.238.216
YoY Gr. Rt. %-NANANA67%44.6%71.8%-8.1%-83.8%177.7%-
BVPS (₹) 80.563.247.453.782.797122.6128.2140.5162.1161.5
Adj Net Profit -4.4-39.1-36.216.627.74068.863.210.328.556
Cash Flow from Ops. -1.8-34.9-4.645.770.3-41.6-59.137.789.7-11.8-
Debt/CF from Ops. -116.7-8.8-79.76.84.1-9.5-9.216.56.8-58.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.7%17.3%8.6%41.6%
Adj EPS NA0.6%-25.4%177.7%
BVPS 8.114.49.815.4
Share Price 20.7% 8.4% 18.8% 82.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -2.3-23.3-2811.111.712.818.114.52.25.49.9
Op. Profit Mgn % 4.2-0.23.6109.29.112.410.67.16.88
Net Profit Mgn % -0.7-6.4-5.22.23.43.44.940.81.62.6
Debt to Equity 1.12.13.31.711.21.31.41.31.20.4
Working Cap Days 175207193196196187219243324254258
Cash Conv. Cycle 921091091131129912514820514873

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.90%

Sales growth is good in last 4 quarters at 42.99%

Sales growth has been subdued in last 3 years 8.58%

Net Profit has been subdued in last 3 years -25.44%

Debt to equity has increased versus last 3 years average to 1.23

Latest Financials - Universal Cables Ltd.

Standalone Consolidated
TTM EPS (₹) 16 28.1
TTM Sales (₹ Cr.) 2,112 2,112
BVPS (₹.) 161.5 373.7
Reserves (₹ Cr.) 526 1,262
P/BV 1.77 0.76
PE 17.82 10.15
From the Market
52 Week Low / High (₹) 122.85 / 294.90
All Time Low / High (₹) 4.55 / 349.00
Market Cap (₹ Cr.) 990
Equity (₹ Cr.) 34.7
Face Value (₹) 10
Industry PE 28.9

Management X-Ray of Universal Cables :

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 Universal Cables

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Universal Cables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Universal Cables on 25-Nov-2022 18:01 is : 285.3.
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 25-Nov-2022 18:01 the market cap of Universal Cables stood at ₹ 989.9.
The latest PE ratio of Universal Cables as of 25-Nov-2022 18:01 is 17.82.
The latest PB ratio of Universal Cables as of 25-Nov-2022 18:01 is 1.77
The 52-week high of Universal Cables is ₹ 294.9 and the 52-week low is ₹ 122.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Universal Cables is ₹ 2,112 ( Cr.) .

About Universal Cables Ltd

Universal Cables (UCL), a M P Birla group company, was established in 1962 for manufacturing PILC Cables. The company is located at Satna -- a well known station of Central Railway about 180 km away from Allahabad & Jabalpur. The nearest airport is Khajuraho, which is about 125 km by road..UCL covers a broad range in the field of cables, conductors and capacitors. Apart from cables of standard designs to various national and international specifications, special cables are tailor made to suit customer’s requirement.

Copper conductors are made from high conductivity CC rods and aluminum conductors from EC grade aluminum rods. The aluminum rods are also made at the company’s own properzi plant.

UCL is a leading manufacturer of cables of all kinds and has facility for production, quality control and testing.

A memorandum of understanding was signed by BARC with Universal Cables Ltd. (UCL), Satna, on November 29, 2001 for developing thin walled electron beam crosslinked elastomeric cables. BARC provides technical consultancy and jointly develop the under-beam cable handling system and carry out initial trial irradiation runs of cables for process optimization. This work will be carried out by Radiation Technology Development Section of C&I Group at ILU-6 accelerator facility, Board of Radiation and Isotope Technology (BRIT) complex, Vashi, Navi Mumbai.    

The Product range of the company includes: 

  • XLPE Cables up to 220 kv
  • High Temperature Fluoro-plastic cables
  • Winding wires & Flat cables
  • PVC Cables up to 11 kv
  • Elastomeric cables up to 30 kv 
  • Mixed dielectric and all PP Power Capacitors upto 145 kv

Apart from the traditional cables  Unistar manufactures wide range of special cables for various applications.

Recognitions

The company has received recognition from various independent authorities as under:

  • Quality system accreditation as per IS/ISO-9001 from Bureau of Indian Standards.
  • Environmental Management Systems as per IS/ISO 14001 certified by Bureau of Indian Standards.
  • Occupational Health & Safety Management System accreditation certified by Bureau Veritas as per OHSAS 18001.
  • Accreditation of our R&D Laboratory by Department of Scientific and Industrial Research, Govt. of India.
  • Representation in CIGRE, Paris for development of extra-high voltage cable technology.  
  • Approval of Quality System by South Afrcian Bureau of Standard(SABS)  
  • Certification of our product by Tariff Advisory Committee for equitable rate structure and risk in insurance sector.
  • Approved under in-process quality control system by export inspection council, Govt. of India.
  • Representation in technical committee of Bureau of Indian Standards for making specifications and R&D work related with cables and capacitors.
  • Awarded Export Excellence certificate during 1989-90 for achieving highest export performance.
  • National safety awards for longest accident free period.
  • Approval from BARC for N.P.P. Cables 

Clientele: Electricity Boards and Other Power Cos 

  • Transmisson Corporation of A.P. Ltd.
  • A.E.Co. Ltd., Ahmedabad Electric Co. Ltd.
  • BSES Ltd, BEST Mumbai.
  • CESC Ltd.
  • Delhi Vidyul Board
  • Gujarat Electricity Board.
  • Gujarat Industries Power Co. Ltd.
  • Haryana State Electricity Board.

Mining

  • Bharat Coking Coal Ltd.
  • Central Coalfields Ltd.
  • Eastern Coalfields Ltd.
  • Northern Coalfields Ltd.

Steel plants 

  • Steel Authority of India Ltd.
  • Tata Iron & Steel Co. Ltd.
  • Malvika Steels Ltd.

Refineries & Petrochemicals

  • Andhra Petrochemicals Ltd.
  • Bharat Petroleum Corporation Ltd.
  • Cochin Refineries Ltd., Cochin
  • Hindustan Petroleum Corpn. Ltd.
  • Haldia Petro-chemicals Ltd.

Railways

  • Chittaranjan Locomative Works.
  •  Diesel Locomative Works.
  • Diesel Component Works.
  • Integral Coach Factory.

Heavy Industries

  • Bharat Earth Movers Ltd.
  • Bharat Heavy Electricals Ltd. Bharat Electronics Ltd
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