Universal Cables Ltd
Universal Cables Ltd is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects
relating thereto and other types of wires and cables, conductors, etc. [1]
- Market Cap ₹ 2,470 Cr.
- Current Price ₹ 712
- High / Low ₹ 1,008 / 407
- Stock P/E 26.6
- Book Value ₹ 261
- Dividend Yield 0.56 %
- ROCE 10.5 %
- ROE 6.74 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 20.0%
Cons
- Stock is trading at 2.73 times its book value
- The company has delivered a poor sales growth of 8.95% over past five years.
- Company has a low return on equity of 7.68% over last 3 years.
* 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
Industrials Capital Goods Industrial Products Cables - Electricals
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 615 | 693 | 748 | 817 | 1,180 | 1,415 | 1,568 | 1,280 | 1,813 | 2,202 | 2,020 | 2,407 | 2,696 | |
| 620 | 669 | 673 | 742 | 1,073 | 1,240 | 1,402 | 1,189 | 1,690 | 2,016 | 1,859 | 2,227 | 2,464 | |
| Operating Profit | -5 | 25 | 75 | 75 | 107 | 175 | 166 | 91 | 123 | 185 | 162 | 180 | 232 |
| OPM % | -1% | 4% | 10% | 9% | 9% | 12% | 11% | 7% | 7% | 8% | 8% | 7% | 9% |
| 11 | 9 | 12 | 11 | 11 | 12 | 15 | 13 | 19 | 18 | 24 | 22 | 23 | |
| Interest | 33 | 51 | 51 | 44 | 53 | 62 | 77 | 63 | 78 | 97 | 91 | 104 | 103 |
| Depreciation | 17 | 18 | 18 | 19 | 21 | 21 | 23 | 26 | 24 | 22 | 24 | 27 | 31 |
| Profit before tax | -44 | -35 | 17 | 23 | 44 | 103 | 81 | 15 | 40 | 83 | 70 | 71 | 121 |
| Tax % | -9% | 0% | -13% | -25% | 4% | 33% | 20% | 20% | 24% | 24% | 23% | 20% | |
| -40 | -35 | 20 | 29 | 42 | 69 | 65 | 12 | 30 | 63 | 54 | 57 | 93 | |
| EPS in Rs | -11.54 | -10.00 | 5.63 | 8.39 | 12.09 | 19.89 | 18.60 | 3.51 | 8.79 | 18.21 | 15.64 | 16.51 | 26.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 12% | 10% | 11% | 29% | 17% | 16% | 19% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 9% |
| 3 Years: | 10% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | -2% |
| 3 Years: | 24% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 39% |
| 3 Years: | 28% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 125 | 88 | 153 | 252 | 302 | 391 | 410 | 453 | 528 | 673 | 829 | 811 | 871 |
| 307 | 365 | 311 | 288 | 394 | 541 | 621 | 609 | 694 | 657 | 771 | 849 | 1,014 | |
| 139 | 145 | 168 | 175 | 299 | 310 | 394 | 393 | 530 | 403 | 477 | 493 | 730 | |
| Total Liabilities | 594 | 621 | 667 | 750 | 1,029 | 1,277 | 1,460 | 1,490 | 1,786 | 1,767 | 2,111 | 2,188 | 2,649 |
| 155 | 145 | 135 | 134 | 122 | 155 | 172 | 187 | 167 | 161 | 200 | 255 | 329 | |
| CWIP | 1 | 0 | 0 | 0 | 17 | 2 | 17 | 0 | 2 | 11 | 0 | 35 | 58 |
| Investments | 51 | 51 | 51 | 123 | 136 | 166 | 125 | 164 | 218 | 316 | 444 | 387 | 401 |
| 387 | 424 | 480 | 492 | 756 | 954 | 1,146 | 1,138 | 1,400 | 1,280 | 1,467 | 1,511 | 1,861 | |
| Total Assets | 594 | 621 | 667 | 750 | 1,029 | 1,277 | 1,460 | 1,490 | 1,786 | 1,767 | 2,111 | 2,188 | 2,649 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -35 | -5 | 46 | 70 | -42 | -59 | 38 | 90 | -12 | 143 | 33 | 176 | |
| -25 | -6 | -0 | -13 | -18 | -27 | -42 | -16 | -7 | -15 | -50 | -141 | |
| 62 | 11 | -44 | -61 | 62 | 84 | 4 | -72 | 16 | -127 | 18 | -31 | |
| Net Cash Flow | 2 | -0 | 2 | -3 | 2 | -1 | -0 | 2 | -3 | 0 | 1 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 133 | 126 | 150 | 139 | 159 | 157 | 187 | 229 | 195 | 148 | 195 | 138 |
| Inventory Days | 77 | 75 | 85 | 89 | 71 | 101 | 89 | 101 | 79 | 61 | 70 | 79 |
| Days Payable | 75 | 7 | 84 | 95 | 114 | 96 | 106 | 124 | 118 | 63 | 82 | 64 |
| Cash Conversion Cycle | 134 | 194 | 151 | 133 | 116 | 162 | 169 | 206 | 155 | 146 | 183 | 153 |
| Working Capital Days | 20 | 27 | 63 | 67 | 53 | 68 | 58 | 66 | 79 | 79 | 80 | 79 |
| ROCE % | -3% | 3% | 13% | 12% | 15% | 20% | 16% | 7% | 10% | 14% | 11% | 11% |
Documents
Announcements
-
Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine-Months Ended On 31-12-2025.
27 Jan - Board meeting on 6 Feb 2026 to approve Q3/9M results (ended 31 Dec 2025); trading window closed until 8 Feb 2026.
-
Disclosure Under Regulation 30 Of The SEBI ( LODR) Regulations, 2015 - ESG Rating.
19 Jan - SES assigned ESG Rating 68.6 (Medium) to Universal Cables; info received 18 Jan 2026.
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
14 Jan - Universal Cables to manufacture HTLS conductors under 12-month license with TS Conductor Corp, USA, at Satna plant.
-
Announcement under Regulation 30 (LODR)-Change in Management
12 Jan - Amit Kasture resigns as AVP (Works)/Factory Manager, Goa unit effective COB 12 January 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2025
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Business Division [1]
**Cable- ** It offers Low Voltage, Medium Voltage and Extra High Voltage XLPE Power Cables up to 500 kV grade, PVC and Rubber Insulated Power Cables up to 11 kV grade, Control and Instrumentation Cables up to 1.1 kV.