Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ultracab (India) Ltd is a below average quality company.
The key valuation ratios of Ultracab (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ultracab (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.8% | 10% | 8% | 8.8% | 10.2% | 10.8% | 12.4% | 12.8% | 17.6% | 15.8% | - |
| Value Creation Index ⓘ | 0.0 | -0.3 | -0.4 | -0.4 | -0.3 | -0.2 | -0.1 | -0.1 | 0.3 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 35.1 | 41.3 | 38.9 | 49.2 | 73.2 | 66.2 | 70.7 | 85.1 | 107 | 124 | 176 |
| Sales YoY Gr. | - | 17.7% | -5.8% | 26.7% | 48.7% | -9.6% | 6.7% | 20.5% | 26.1% | 15.6% | - |
| Adj EPS ⓘ | 0 | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 0.6 | 0.8 |
| YoY Gr. | - | 50% | -50% | 166.7% | 50% | -8.3% | 100% | 50% | 84.9% | 3.3% | - |
| BVPS (₹) ⓘ | 1.7 | 1.9 | 1.9 | 2 | 2.1 | 2.2 | 2.4 | 2.7 | 3.4 | 4 | 4.5 |
| Adj Net Profit ⓘ | 0.4 | 0.6 | 0.3 | 0.8 | 1.2 | 1.1 | 2.1 | 3.1 | 5.8 | 6 | 8 |
| Cash Flow from Ops. ⓘ | -6.3 | -0.1 | 0.5 | -2.2 | 0 | 1.3 | -1.4 | -0.9 | 6.1 | -23.9 | - |
| Debt/CF from Ops. ⓘ | -1.9 | -232.6 | 31.4 | -10.4 | 621.7 | 23.1 | -28 | -42 | 5.8 | -2.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.1% | 11.1% | 20.6% | 15.6% | ||||
| Adj EPS ⓘ | 35.8% | 39.3% | 42% | 3.3% | ||||
| BVPSⓘ | 10.2% | 13.8% | 18.2% | 18.8% | ||||
| Share Price | 15.2% | 12.9% | -8.7% | -23.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.3 | 3.6 | 1.7 | 4.2 | 6.1 | 5.2 | 9.5 | 12.8 | 19.9 | 17.2 | 19.9 |
| Op. Profit Mgn % ⓘ | 10.4 | 8.2 | 7.9 | 8.3 | 6.8 | 8.5 | 10 | 10.3 | 11.3 | 10.5 | 9.5 |
| Net Profit Mgn % ⓘ | 1 | 1.5 | 0.8 | 1.6 | 1.6 | 1.6 | 3 | 3.7 | 5.4 | 4.8 | 4.6 |
| Debt to Equity ⓘ | 0.8 | 0.8 | 0.8 | 1.2 | 1.3 | 1.4 | 1.7 | 1.5 | 1.1 | 1.4 | 0.6 |
| Working Cap Days ⓘ | 249 | 231 | 288 | 258 | 207 | 267 | 287 | 262 | 264 | 218 | 90 |
| Cash Conv. Cycle ⓘ | 178 | 191 | 221 | 192 | 156 | 191 | 205 | 193 | 201 | 173 | 55 |
Return on Equity has increased versus last 3 years average to 19.90%
Sales growth is growing at healthy rate in last 3 years 20.64%
Net Profit is growing at healthy rate in last 3 years 42.01%
Sales growth is good in last 4 quarters at 63.00%
Debt to equity has increased versus last 3 years average to 1.38
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.8 | - |
| TTM Sales (₹ Cr.) | 176 | - |
| BVPS (₹.) ⓘ | 4.5 | - |
| Reserves (₹ Cr.) ⓘ | 24 | - |
| P/BV ⓘ | 3.22 | - |
| PE ⓘ | 17.06 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 12.32 / 29.84 |
| All Time Low / High (₹) | 3.28 / 34.00 |
| Market Cap (₹ Cr.) | 137 |
| Equity (₹ Cr.) | 19.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 51.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35 | 41 | 39 | 49 | 73 | 66 | 71 | 85 | 107 | 124 |
| Operating Expenses ⓘ | 31 | 38 | 36 | 45 | 68 | 61 | 64 | 76 | 95 | 111 |
| Manufacturing Costs | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
| Material Costs | 28 | 34 | 32 | 39 | 61 | 52 | 55 | 68 | 84 | 98 |
| Employee Cost | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Other Costs ⓘ | 1 | 1 | 2 | 2 | 3 | 4 | 4 | 4 | 6 | 7 |
| Operating Profit ⓘ | 4 | 3 | 3 | 4 | 5 | 6 | 7 | 9 | 12 | 13 |
| Operating Profit Margin (%) | 10.4% | 8.1% | 7.9% | 8.3% | 6.7% | 8.5% | 10.0% | 10.3% | 11.3% | 10.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest ⓘ | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 4 |
| Depreciation ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 0 | 1 | 2 | 2 | 3 | 4 | 8 | 8 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 |
| Profit After Tax | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 3 | 6 | 6 |
| PAT Margin (%) | 1.0% | 1.5% | 0.8% | 1.5% | 1.6% | 1.6% | 2.9% | 3.7% | 5.4% | 4.8% |
| Adjusted EPS (₹) | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 34% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 15 | 18 | 18 | 19 | 20 | 21 | 23 | 26 | 32 | 38 |
| Share Capital ⓘ | 8 | 8 | 13 | 13 | 13 | 13 | 13 | 19 | 19 | 19 |
| Reserves ⓘ | 7 | 9 | 6 | 6 | 7 | 8 | 10 | 7 | 13 | 19 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 12 | 14 | 15 | 22 | 26 | 29 | 37 | 38 | 34 | 51 |
| Long Term Debt | 1 | 1 | 1 | 4 | 5 | 4 | 8 | 10 | 5 | 31 |
| Short Term Debt | 11 | 13 | 14 | 18 | 22 | 24 | 29 | 28 | 29 | 19 |
| Trade Payables | 3 | 4 | 8 | 8 | 10 | 17 | 12 | 16 | 16 | 7 |
| Others Liabilities ⓘ | 1 | 1 | 2 | 2 | 1 | 2 | 4 | 3 | 7 | 7 |
| Total Liabilities ⓘ | 32 | 38 | 43 | 52 | 57 | 69 | 76 | 84 | 88 | 103 |
Fixed Assets | ||||||||||
| Gross Block | 6 | 7 | 8 | 9 | 10 | 10 | 12 | 13 | 14 | 15 |
| Accumulated Depreciation | 2 | 3 | 3 | 4 | 5 | 5 | 6 | 6 | 7 | 8 |
| Net Fixed Assetsⓘ | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 7 | 7 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 22 | 25 | 29 | 35 | 38 | 46 | 53 | 60 | 66 | 68 |
| Trade Receivables | 5 | 6 | 7 | 10 | 13 | 16 | 13 | 15 | 12 | 23 |
| Cash Equivalents | 0 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 |
| Others Assetsⓘ | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 2 | 1 |
| Total Assets ⓘ | 32 | 38 | 43 | 52 | 57 | 69 | 76 | 84 | 88 | 103 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -6 | 0 | 0 | -2 | 0 | 1 | -1 | -1 | 6 | -24 |
| PBT ⓘ | 1 | 1 | 0 | 1 | 2 | 2 | 3 | 4 | 8 | 8 |
| Adjustment ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | -7 | -1 | -0 | -4 | -2 | -0 | -4 | -5 | -0 | -31 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -2 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | -2 | -1 | -1 | -1 | -1 | -2 | 0 | -1 | -2 |
| Capex | 0 | -2 | -1 | -1 | -1 | -1 | -2 | -1 | -1 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 5 | 3 | 0 | 3 | 1 | 0 | 4 | 2 | -5 | 26 |
| Net Proceeds from Shares ⓘ | 9 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | 0 | 0 | 3 | 1 | 0 | 4 | 2 | -5 | 26 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -1 | 1 | -1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.18 | 3.7 | 1.69 | 4.06 | 6.01 | 5.07 | 9.29 | 12.77 | 20.01 | 17.09 |
| ROCE (%) | 13.84 | 9.97 | 8 | 8.8 | 10.15 | 10.78 | 12.4 | 12.8 | 17.6 | 15.8 |
| Asset Turnover Ratio | 1.23 | 1.33 | 1.08 | 1.24 | 1.58 | 1.24 | 1.15 | 1.25 | 1.24 | 1.51 |
| PAT to CFO Conversion(x) | N/A | 0 | N/A | -2 | 0 | 1 | -0.5 | -0.33 | 1 | -4 | Working Capital Days |
| Receivable Days | 43 | 40 | 53 | 52 | 48 | 66 | 62 | 51 | 47 | 44 |
| Inventory Days | 199 | 186 | 226 | 197 | 154 | 196 | 218 | 207 | 214 | 169 |
| Payable Days | 77 | 42 | 72 | 77 | 54 | 93 | 97 | 76 | 70 | 44 |
Ultracab India was incorporated in the year 2007 as ‘Ultracab (India) Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of incorporation dated December 19, 2007 bearing registration no. 052394 of 2007 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, the company was converted into a public limited company vide fresh certificate of incorporation dated July 30, 2014 and consequently the name of the company was changed to ‘Ultracab (India) Limited’. The company is engaged in the manufacture and export of wires and cables in India. The company is working in this domain for more than 6 years. It is using advanced technology and machineries for manufacturing quality products. It started business with PVC cables and wires in India which are now supplied across different networks worldwide. The company produces durable and reliable cables and wires, and its products have earned reputation in the market. Because of its manufacturing skills and technical expertise in electrical industry, the company is able to make strong market presence in India. The company’s quality products are sold not only in India but also in countries like UK, UA.E, Africa, Singapore, Uganda etc.
The company’s manufacturing facility is situated at Shapar (Rajkot, Gujarat) India. Its facility involves modern technology, tools, high-tech machines which spin out the quality standard of cables. The company’s manufacturing facility, spread over 11483.19 sq m area and has 100 per cent in house facility from wire drawing machine until testing on finished products. The company is popular for delivering quality electrical products before committed time frame. It also offers customized business solution to the clients without any delay and at competitive prices.
The company’s strong national distribution network bonds it with clients. The company has successfully met the needs of its diverse client base by implementing cutting-edge technology and modern machineries in its set up. It has a strong footing in the overseas market due to cables and wires manufactured under strict quality control measures. It offers the quality products after following the recognized quality standards. It has a well-equipped research and development unit that helps the company immensely to offer innovative products to clients. R&D is always a boon for staying ahead of others in this extremely competitive environment and its cables and wires have always assisted in the growth of a substantial segment of Indian industry.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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