Universal Cables Limited (UNIVCABLES)

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Universal Cables Limited (UNIVCABLES) · mywealthgrid

About

Universal Cables manufactures and supplies electrical cables within India's industrials sector. With a market cap of ₹5,706 Cr and recent quarterly revenues around ₹900 Cr, the company operates in the cables-electrical segment serving infrastructure and industrial demand. Promoter-controlled at 61.89% shareholding, it has generated a 132% one-year return.

Face value: ₹10

Market cap

₹5,036 Cr

P/E

25.1×

P/B

2.7×

Dividend yield

0.6%

ROE

8.9%

ROCE

9.5%

Debt / equity

0.62

OPM

8.6%

EPS (TTM)

₹57.7

Book value

₹545.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation multiple elevated relative to return profile: PE 28.48 against ROE of 8.91% suggests limited margin of safety if growth stalls or multiples compress
Operating margins thin at 8.62% average and volatile, declining to 7.84% in Dec 2025; cost inflation (raw materials, labour) threatens profitability — verify gross margin trends and commodity exposure
Debt-to-equity of 0.62 is moderate but constraining given thin margins; verify leverage capacity if capex or working-capital needs rise
Stock rallied 132% in one year within 52-week range ₹585–₹1,709 — verify whether rally is demand-driven or momentum-driven, and sustainability of current pricing

Generated analysis · source review pending

Growth drivers

Sequential revenue growth: Jun 2026 at ₹945 Cr is 16% higher than Sep 2025's ₹814 Cr, signalling demand recovery or market-share gains — verify if trend sustained and driven by infrastructure, renewables, or other segments
Operating margin recovery: OPM improved to 9.68% in Jun 2026 from 7.84% in Dec 2025, suggesting better cost management or stable pricing — verify if raw-material costs have stabilised and whether 9%+ margins can hold
Recurring dividend payouts (most recent Jul 2026) indicate cash generation; verify whether capital allocation favours growth capex or shareholder returns

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,451.9-1.1%1Y

Quick read

rule-based

Pros

+Profit CAGR of 19.4% over the last 5 years
+Revenue CAGR of 18.7% over the last 5 years
+High promoter holding of 61.9% with no pledge

Cons

−Low return on equity of 6.9% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 24
Growth: 71
Valuation: 58

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Polycab India LimitedPOLYCABPOLYCAB	₹1,20,329 Cr	₹1,20,462 Cr	₹31,188 Cr	₹4,284 Cr	13.9%	₹2,864 Cr	9.4%	33.9%	24.5%	114
Kei Industries LimitedKEIKEI	₹43,039 Cr	₹43,225 Cr	₹12,343 Cr	₹1,367 Cr	10.5%	₹997 Cr	7.8%	20.3%	14.8%	101
R R Kabel LimitedRRKABELRRKABEL	₹28,481 Cr	₹28,713 Cr	₹10,832 Cr	₹925 Cr	8.1%	₹608 Cr	5.1%	30%	20.8%	56
Finolex Cables LimitedFINCABLESFINCABLES	₹22,305 Cr	₹22,324 Cr	₹6,939 Cr	₹727 Cr	9.8%	₹800 Cr	11.3%	11.4%	12.3%	78
Universal Cables LimitedUNIVCABLESUNIVCABLES	₹5,036 Cr	₹6,212 Cr	₹3,368 Cr	₹294 Cr	8.6%	₹200 Cr	5.4%	9.5%	8.9%	115
Laser Power & Infra LimitedLASERPOWERLASERPOWER	₹3,689 Cr	—	—	—	—	—	—	—	—	—
Lumino Industries LimitedLUMINOLUMINO	₹2,939 Cr	—	—	—	—	—	—	—	—	—
Quadrant Future Tek LimitedQUADFUTUREQUADFUTURE	₹2,126 Cr	₹2,150 Cr	₹165 Cr	₹-33 Cr	-25.7%	₹-39 Cr	-28.1%	-17.4%	-15.5%	387
Dynamic Cables LimitedDYCLDYCL	₹2,076 Cr	₹2,116 Cr	₹1,285 Cr	₹141 Cr	10.8%	₹91 Cr	7.1%	29.4%	20.3%	93
Paramount Communications LimitedPARACABLESPARACABLES	₹1,849 Cr	₹1,965 Cr	₹1,992 Cr	₹86 Cr	3.5%	₹61 Cr	3.1%	13.4%	8%	101
Systematic Industries LtdSYSTEMATICSYSTEMATIC	₹637 Cr	—	₹553 Cr	₹37 Cr	6.6%	₹21 Cr	3.8%	—	—	—
Susan Electricals India LtdSUSANSUSAN	₹629 Cr	—	—	—	—	—	—	—	—	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,207	1,417	1,569	1,281	1,814	2,202	2,021	2,408	3,023
COGS	32	56	1,097	938	1,399	1,673	1,472	1,830	2,265
Gross profit	1,175	1,360	472	343	415	529	549	579	758
	—	—	240	178	233	275	313	353	415
	—	—	232	165	181	254	236	226	343
OPM %	—	—	14.8%	12.9%	10%	11.5%	11.7%	9.4%	11.3%
Depreciation	21	21	23	26	24	22	24	27	39
Interest	53	62	77	63	78	97	91	104	115
	11	12	15	13	20	18	24	23	28
Profit before tax	84	170	147	90	99	152	144	117	217
Tax	2	34	57	22	24	33	36	28	54
Tax %	2%	20.1%	38.6%	24.9%	24%	22%	24.9%	23.9%	25%
	83	136	90	67	75	118	108	89	163
PAT margin %	6.9%	9.6%	5.7%	5.3%	4.1%	5.4%	5.4%	3.7%	5.4%
EPS (₹)	—	—	26	19.4	21.6	34.1	31.2	25.8	47
EPS adjusted (₹)	23.8	39.2	26	19.4	21.6	34.1	31.2	25.8	47
	—	—	7.7%	5.2%	6.9%	8.8%	9.6%	15.5%	9.6%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	35	35	35	35	35	35	35	35	35	35
Reserves	527	800	964	955	1,101	1,260	1,462	1,740	1,737	1,856
	311	352	520	564	522	658	657	769	847	1,176
	165	341	332	628	693	806	657	776	801	1,256
Total equity & liabilities	1,037	1,527	1,851	2,183	2,351	2,758	2,810	3,320	3,419	4,323
	120	109	129	148	162	143	138	178	235	397
CWIP	0	17	2	17	0	2	11	0	34	137
Investments	427	634	740	847	1,050	1,214	1,382	1,674	1,639	1,674
	490	768	980	1,170	1,138	1,400	1,280	1,467	1,511	2,115
Total assets	1,037	1,527	1,851	2,183	2,351	2,758	2,810	3,320	3,419	4,323

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	96%	30.1%	26.8%	22.9%	24%	27.2%	24%	25.1%
EBITDA margin %	—	10.6%	7.1%	6.8%	8.4%	8%	7.5%	8.6%
EBIT margin %	—	9.1%	5%	5.4%	7.4%	6.8%	6.3%	7.3%
PAT margin %	9.6%	5.7%	5.3%	4.1%	5.4%	5.4%	3.7%	5.4%
Working capital
Receivable days	157	187	229	195	147	195	138	138
Inventory days	1,697	89	101	79	61	70	79	98
Payable days	1,611	106	124	118	63	82	64	121
NWC days	244	170	206	155	146	183	153	115
Leverage
Current ratio	1.4	1.29	1.27	1.41	1.62	1.45	1.6	1.25
Debt to EBITDA	—	3.4	5.75	5.35	3.55	4.75	4.71	4.51
Debt to equity	0.52	0.57	0.46	0.51	0.44	0.43	0.48	0.62
Interest coverage	-0.2	2	1.2	1.5	1.9	1.8	1.7	2.2
Asset turnover	0.77	0.72	0.54	0.66	0.78	0.61	0.7	0.7
Return ratios
Return on assets %	7.3%	4.1%	2.9%	2.7%	4.2%	3.3%	2.6%	3.8%
Return on capital employed %	-0.9%	12.8%	5.6%	7.3%	9.4%	7.4%	7.2%	9.5%
Return on equity %	13.6%	9.1%	5.9%	5.8%	7.9%	6.1%	5%	8.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%	61.89%
	0.31%	0.34%	0.3%	0.37%	0.18%	0.24%	0.18%	0.18%	0.41%	0.81%	0.68%	1.11%
	3.01%	5.25%	6.18%	5.25%	6.64%	6.59%	6.62%	6.66%	6.1%	4.51%	4.54%	3.31%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.79%	32.52%	31.63%	32.49%	31.29%	31.28%	31.31%	31.27%	31.6%	32.79%	32.89%	33.69%
No. of shareholders	—	—	—	—	—	—	—	—	17,414	17,511	17,751	22,213

Promoter holding up 0 percentage points since Sep 2023.

Mr. HARSH VARDHAN LODHANon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. YASHWANT SINGH LODHAExecutive Director-CEO-MD
Mr. KISHORE KUMAR MEHROTRANon-Executive - Independent Director-Shareholder Director
Amitava BoseChief Operating Officer
Mrs. ANANYA GHOSH DASTIDARNon-Executive - Independent Director-Shareholder Director
Mr. SIDDHARTH SWARUPNon-Executive - Independent Director-Shareholder Director
Mr. PREM SINGH KHAMESRANon-Executive - Non Independent Director
Mr. Gopal AgarwalChief Financial Officer
Mr. Ajay Kumar SharmaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

1.43%

of the company's equity

All mutual funds

1.67%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes

		Shares
Energy Opportunities Fund	ICICI Prudential Mutual Fund	3.27 L	53.97	0.65%	0.944%	-77,784
HOUSING OPPORTUNITIES FUND	ICICI Prudential Mutual Fund	1.69 L	27.9	1.02%	0.488%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Announcement under Regulation 30 of the SEBI (LODR) - Credit Rating.13 Feb 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

14

Dividend dividend27 Jul 2026 · ex-date₹4.5
Final dividend4 Sept 2025 · ex-date₹4
Final dividend26 Jul 2024 · ex-date₹3
Final dividend4 Sept 2023 · ex-date₹3
Final dividend15 Sept 2022 · ex-date₹1.5
Dividend dividend15 Sept 2021 · ex-date₹1
Final dividend10 Aug 2020 · ex-date₹2
Final dividend26 Jul 2019 · ex-date₹2
Dividend dividend23 Jul 2018 · ex-date₹1.5
Dividend dividend25 Jul 2011 · ex-date₹2
Dividend dividend21 Jun 2010 · ex-date₹2.5
Dividend dividend29 Jul 2009 · ex-date₹1
Dividend dividend5 Aug 2008 · ex-date₹2.4
Dividend dividend10 Jul 2007 · ex-date₹2.4

1

Board meeting to consider results7 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	96%	30.1%	26.8%	22.9%	24%	27.2%	24%	25.1%
EBITDA margin %	—	10.6%	7.1%	6.8%	8.4%	8%	7.5%	8.6%
EBIT margin %	—	9.1%	5%	5.4%	7.4%	6.8%	6.3%	7.3%
PAT margin %	9.6%	5.7%	5.3%	4.1%	5.4%	5.4%	3.7%	5.4%
Working capital
Receivable days	157	187	229	195	147	195	138	138
Inventory days	1,697	89	101	79	61	70	79	98
Payable days	1,611	106	124	118	63	82	64	121
NWC days	244	170	206	155	146	183	153	115
Leverage
Current ratio	1.4	1.29	1.27	1.41	1.62	1.45	1.6	1.25
Debt to EBITDA	—	3.4	5.75	5.35	3.55	4.75	4.71	4.51
Debt to equity	0.52	0.57	0.46	0.51	0.44	0.43	0.48	0.62
Interest coverage	-0.2	2	1.2	1.5	1.9	1.8	1.7	2.2
Asset turnover	0.77	0.72	0.54	0.66	0.78	0.61	0.7	0.7
Return ratios
Return on assets %	7.3%	4.1%	2.9%	2.7%	4.2%	3.3%	2.6%	3.8%
Return on capital employed %	-0.9%	12.8%	5.6%	7.3%	9.4%	7.4%	7.2%	9.5%
Return on equity %	13.6%	9.1%	5.9%	5.8%	7.9%	6.1%	5%	8.6%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	70	-42	-59	38	90	-12	143	33	176	63
	-13	-18	-27	-42	-16	-7	-15	-50	-141	-257
	-61	62	85	4	-72	16	-127	18	-31	192
Net cash flow	-3	2	-1	-0	2	-3	0	1	4	-2
Free cash flow	50	-66	-99	-16	64	-32	115	-28	13	-206
CFO / Operating profit %	—	—	—	22.7%	98.8%	-9.6%	77.2%	20.5%	97.8%	24.4%

Universal Cables Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

14

1

Announcements

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14

1

Not in the F&O segment

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Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Universal Cables Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends14

Board meetings1

Announcements

No announcements stored for this window

Dividends14

Board meetings1

Not in the F&O segment

No announcements stored for this window

Ratio timeline

Quarterly record

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

14

1

14

1