Ultracab (India) Ltd

Ultracab (India) Ltd

₹ 18.9 -0.84%
23 Feb - close price
About

Incorporated in 2007, Ultracab India Ltd manufactures and exports electric wires and cables[1]

Key Points

Product Profile
a) Domestic Cables:[1]
PVC/XLPE Power & Control Cables, Multi Core Flexible Cables, House Wires/Building Wires, Flat Cables for Submersible pumps, Aerial Bunched Cables, Telephone Cable, Instrumentation Cables, PVC Cables, XLPE Power Cables
b) International Cables:[2]
Auto Cable, Industrial Cables, Welding Cables, Electric Power Cables
c) Special Cables:[3]
Super Flat Cables, Ultra Triple Protected House Wire, Elevator Cables, Solar Cables, Control Cables, XLPE Submersible Cable
d) UL & cUL Approved Cables:[4]
Single and multi-core wires with optional shielding
e) Submersible Winding Wires:[5]
Poly wrapped winding wire used in submersible pumps motors

  • Market Cap 180 Cr.
  • Current Price 18.9
  • High / Low 29.8 / 11.5
  • Stock P/E 30.4
  • Book Value 18.1
  • Dividend Yield 0.00 %
  • ROCE 17.7 %
  • ROE 20.1 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.04 times its book value
  • Company has delivered good profit growth of 50.8% CAGR over last 5 years
  • Debtor days have improved from 57.5 to 42.0 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -31.8%
  • Promoter holding is low: 27.9%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
17.16 21.67 16.90 21.50 20.90 25.84 26.78 31.21 24.54 24.83 26.22 31.23 22.05
15.47 19.39 15.23 19.25 19.01 22.89 24.44 28.02 21.20 21.55 23.70 28.18 18.95
Operating Profit 1.69 2.28 1.67 2.25 1.89 2.95 2.34 3.19 3.34 3.28 2.52 3.05 3.10
OPM % 9.85% 10.52% 9.88% 10.47% 9.04% 11.42% 8.74% 10.22% 13.61% 13.21% 9.61% 9.77% 14.06%
0.13 0.26 0.07 0.03 0.07 -0.03 0.06 0.03 0.05 0.15 0.04 0.12 0.10
Interest 0.98 1.43 0.77 1.08 0.75 1.07 0.77 1.08 0.90 1.14 0.94 1.00 0.84
Depreciation 0.19 0.19 0.19 0.20 0.20 0.16 0.17 0.20 0.20 0.21 0.19 0.22 0.23
Profit before tax 0.65 0.92 0.78 1.00 1.01 1.69 1.46 1.94 2.29 2.08 1.43 1.95 2.13
Tax % 12.31% 23.91% 29.49% 31.00% 17.82% 37.28% 25.34% 26.29% 31.44% 17.31% 27.97% 21.54% 23.00%
0.56 0.70 0.55 0.70 0.83 1.07 1.09 1.43 1.58 1.72 1.03 1.53 1.64
EPS in Rs 0.06 0.07 0.06 0.07 0.09 0.56 0.57 0.75 0.83 0.90 0.54 0.80 0.86
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
23 29 32 35 41 39 49 73 66 70 85 107 104
21 27 28 31 38 36 45 68 60 63 76 95 92
Operating Profit 2 2 4 4 3 3 4 5 6 7 9 12 12
OPM % 10% 7% 13% 11% 8% 8% 8% 7% 9% 10% 10% 11% 11%
0 0 0 0 0 0 0 0 0 1 0 0 0
Interest 2 2 2 3 2 2 2 3 4 4 4 4 4
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1 1
Profit before tax 0 0 1 1 1 0 1 2 2 3 4 8 8
Tax % 20% 45% 34% 51% 18% 33% 32% 23% 39% 20% 30% 25%
0 0 1 0 1 0 1 1 1 2 3 6 6
EPS in Rs 0.11 0.08 0.25 0.04 0.06 0.03 0.08 0.12 0.11 0.21 1.65 3.05 3.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 34% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 17%
3 Years: 18%
TTM: -4%
Compounded Profit Growth
10 Years: 39%
5 Years: 51%
3 Years: 76%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 3%
1 Year: -16%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 15%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 3 3 8 8 13 13 13 13 13 19 19 19
Reserves 2 3 4 7 9 6 6 7 8 10 7 13 15
12 12 16 12 15 15 23 27 29 39 39 35 38
5 8 9 4 5 10 10 11 19 14 19 21 21
Total Liabilities 21 25 32 32 38 43 52 57 69 76 84 88 94
2 3 4 4 5 5 5 5 5 6 6 7 7
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
19 22 28 28 33 38 47 52 64 70 78 82 87
Total Assets 21 25 32 32 38 43 52 57 69 76 84 88 94

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 -0 1 -6 -0 0 -2 0 1 -1 -1 6
-1 -1 -1 -0 -2 -1 -1 -1 -1 -2 -0 -1
2 1 1 5 3 -0 3 1 -0 4 2 -5
Net Cash Flow 0 -0 1 -1 1 -1 0 0 0 1 0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 105 65 54 47 51 66 74 63 86 66 65 42
Inventory Days 239 245 304 290 270 334 326 226 323 356 323 286
Days Payable 96 95 125 45 47 93 79 58 117 82 87 71
Cash Conversion Cycle 248 215 234 292 273 307 321 231 292 340 301 257
Working Capital Days 212 174 189 240 228 257 262 202 241 269 242 194
ROCE % 15% 12% 18% 14% 10% 8% 9% 10% 11% 13% 13% 18%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.18% 63.18% 63.18% 63.18% 62.79% 62.12% 62.13% 62.13% 62.13% 62.13% 59.69% 27.89%
36.82% 36.82% 36.82% 36.82% 37.21% 37.88% 37.88% 37.88% 37.88% 37.87% 40.31% 72.11%
No. of Shareholders 6967517428936,1836,5146,3006,2626,2628,88714,55642,985

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