Uravi T and Wedge Lamps Ltd

₹ 421 -1.20%

12 Dec - close price

About

Incorporated in 2004, Uravi T & Wedge Lamps Ltd manufactures automotive component for OEM and aftermarket sectors. Under the brand name "UVAL," the company offers a range of automotive lighting products, including
stoplights, taillights, indicators, and wedge base lamps. ^[1]

Key Points

Name Change^[1]
The company has proposed to change their name from Uravi T and Wedge Lamps Ltd. to Uravi Defence and Technology Ltd.

Website BSE NSE - BE

Market Cap ₹ 458 Cr.
Current Price ₹ 421
High / Low ₹ 670 / 254
Stock P/E 273
Book Value ₹ 35.1
Dividend Yield 0.00 %
ROCE 10.2 %
ROE 8.83 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 12.0 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 3.53% over past five years.
Company has a low return on equity of 5.86% over last 3 years.
Promoters have pledged 39.8% of their holding.

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	8.85	9.24	8.46	7.36	8.76	10.62	11.53	11.08	11.09	11.12
	7.64	7.44	7.13	6.90	7.30	8.88	9.97	9.41	9.49	9.62
Operating Profit	1.21	1.80	1.33	0.46	1.46	1.74	1.56	1.67	1.60	1.50
OPM %	13.67%	19.48%	15.72%	6.25%	16.67%	16.38%	13.53%	15.07%	14.43%	13.49%
	0.06	0.18	0.29	0.19	0.18	0.19	0.06	0.26	0.20	0.07
Interest	0.30	0.70	0.58	0.47	0.54	0.56	0.60	0.57	0.56	0.57
Depreciation	0.53	0.56	0.55	0.55	0.57	0.58	0.60	0.62	0.60	0.55
Profit before tax	0.44	0.72	0.49	-0.37	0.53	0.79	0.42	0.74	0.64	0.45
Tax %	-22.73%	50.00%	32.65%	-2.70%	-16.98%	27.85%	9.52%	25.68%	31.25%	33.33%
	0.54	0.36	0.33	-0.36	0.62	0.58	0.38	0.55	0.45	0.30
EPS in Rs	0.49	0.33	0.30	-0.33	0.56	0.53	0.35	0.50	0.41	0.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	10.19	16.11	29.44	28.94	33.82	35.22	36.14	27.80	31.34	33.90	41.90	44.82
	8.29	12.89	24.56	24.32	27.29	28.24	30.73	25.49	26.23	29.03	35.34	38.49
Operating Profit	1.90	3.22	4.88	4.62	6.53	6.98	5.41	2.31	5.11	4.87	6.56	6.33
OPM %	18.65%	19.99%	16.58%	15.96%	19.31%	19.82%	14.97%	8.31%	16.31%	14.37%	15.66%	14.12%
	0.00	0.00	0.15	0.15	0.13	0.27	0.34	0.60	0.28	0.71	0.65	0.59
Interest	0.74	1.68	2.07	1.75	1.66	1.55	1.89	1.87	2.18	2.11	2.36	2.30
Depreciation	0.20	0.47	1.40	1.43	1.46	1.65	1.87	2.35	2.09	2.19	2.36	2.37
Profit before tax	0.96	1.07	1.56	1.59	3.54	4.05	1.99	-1.31	1.12	1.28	2.49	2.25
Tax %	27.08%	32.71%	39.74%	33.96%	22.03%	29.14%	18.59%	-24.43%	33.93%	32.03%	14.46%
	0.69	0.72	0.94	1.05	2.76	2.87	1.62	-0.99	0.73	0.87	2.13	1.68
EPS in Rs	6.90	0.72	0.94	1.05	2.51	2.61	1.47	-0.90	0.66	0.79	1.94	1.53
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	4%
3 Years:	15%
TTM:	27%

Compounded Profit Growth
10 Years:	%
5 Years:	-6%
3 Years:	61%
TTM:	44%

Stock Price CAGR
10 Years:	%
5 Years:	53%
3 Years:	88%
1 Year:	27%

Return on Equity
10 Years:	%
5 Years:	4%
3 Years:	6%
Last Year:	9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.50	5.00	5.00	5.00	5.50	5.50	5.50	5.50	5.50	11.00	11.00	11.00
Reserves	0.84	1.57	4.73	5.78	12.84	15.71	17.34	16.39	17.13	12.43	14.52	27.64
	9.97	12.62	16.67	14.55	13.67	16.66	20.41	22.91	22.90	22.85	24.57	25.04
	1.45	1.86	6.73	4.00	4.44	4.33	4.15	3.01	3.72	5.27	5.43	5.60
Total Liabilities	12.76	21.05	33.13	29.33	36.45	42.20	47.40	47.81	49.25	51.55	55.52	69.28
	6.63	10.80	14.78	14.27	13.47	16.63	16.78	15.62	15.49	14.93	14.72	14.21
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.23	0.00	2.95	2.54	2.62
Investments	0.00	0.00	0.06	0.06	0.06	0.06	0.06	0.67	0.92	0.01	0.01	10.83
	6.13	10.25	18.29	15.00	22.92	25.51	30.51	31.29	32.84	33.66	38.25	41.62
Total Assets	12.76	21.05	33.13	29.33	36.45	42.20	47.40	47.81	49.25	51.55	55.52	69.28

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	3.07	2.21	-0.95	-1.12	0.97	3.08	4.73	0.63
	-0.92	-0.67	-4.81	-2.07	-2.22	-1.23	-2.39	0.00
	-2.12	3.93	2.71	3.48	0.52	-2.10	-2.36	-0.53
Net Cash Flow	0.03	5.47	-3.04	0.28	-0.73	-0.25	-0.02	0.10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	138.62	123.48	115.92	102.79	101.13	108.51	131.70	160.97	142.79	119.84	118.82
Inventory Days			182.90	152.26	159.35	228.96	233.80	286.16	358.76	366.65	339.27
Days Payable			112.35	57.75	60.91	28.74	32.53	37.52	44.98	76.63	70.09
Cash Conversion Cycle	138.62	123.48	186.47	197.31	199.56	308.72	332.97	409.60	456.57	409.86	388.00
Working Capital Days	166.92	184.88	172.71	142.90	145.91	197.73	239.36	343.73	320.86	301.15	273.62
ROCE %		18.03%		12.91%	18.14%	16.03%	9.57%	1.27%	8.37%	7.41%	10.15%

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.61%	3.61%
	27.28%	27.26%	27.27%	27.27%	27.27%	27.27%	27.28%	27.26%	27.27%	27.27%	23.66%	23.66%
No. of Shareholders	87	86	133	150	236	258	279	535	1,061	1,462	1,580	1,660

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%	72.73%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.61%
	27.27%	27.27%	27.27%	27.27%	27.26%	27.27%	27.27%	23.66%
No. of Shareholders	645	204	94	87	86	258	1,462	1,660

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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