A micro-cap inventory concerned in manufacturing and exports of electrical wires and cables surged 4.5 % after securing orders price Rs.10.23 crore from Western Railway, and 5 different firms for the provision of LT XLPE/PVC cables price Rs.10.23 Crore.
Worth Motion
In Friday’s buying and selling session, Ultracab (India) Ltd shares hit an intra-day excessive of Rs.11.48 per share, marking a 4.4 % enhance from the earlier shut of Rs.11.00 every and a ten % rise from the intraday low of Rs.10.45 apiece.
Contract Particulars
Ultracab has secured orders price Rs.10.23 crores from Western Railway, Jain Irrigation Techniques Ltd, Jindal Stainless Restricted, Jindal Coke Restricted, Jindal Ferrous Restricted, and GK Power Entrepreneurs Non-public Restricted for the provision of LT XLPE/PVC cables.
Product Vary
The corporate offers a various vary of over 6,000 merchandise, together with home home wires, industrial PVC/XLPE energy cables, and specialised cables corresponding to elevator and photo voltaic cables. It operates a cutting-edge manufacturing facility situated in Shapar, Rajkot, Gujarat. The corporate is acknowledged for its sturdy dedication to high quality and security requirements, establishing a trusted repute throughout a number of industries.
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Main Orders and Tasks
Ultracab has secured a major order price Rs.47.78 crores from Sterling & Wilson Pvt. Ltd. for supplying LT AB cables underneath the RDSS authorities scheme for South Bihar Energy Distribution Co. Ltd., with mission completion anticipated by March 2025. Moreover, the corporate secured a number of contracts in early 2025, together with orders valued at Rs.51 crores from L&T and Rs.7.17 crores from MSETCL.
International Presence and Clientele
Ultracab exports its merchandise to 29 nations, together with the UK, UAE, Africa, Singapore, and Uganda. Its esteemed clientele includes outstanding companies corresponding to BHEL, NTPC, Reliance, Airtel, and Godrej, in addition to key authorities entities like BPCL and ONGC.
Current Rights Challenge
Ultracab launched a rights challenge price Rs.49.81 crores, open from January 28 to February 11, 2025, at Rs.14.5 per share. The transfer is geared toward strengthening monetary stability and supporting market growth methods. Promoters Nitesh Vaghasiya and Pankaj Shingala totally subscribed to their entitlements, reflecting confidence within the firm’s progress trajectory. The funds raised will probably be used for mortgage compensation, working capital, and different company wants.
Earnings Report
In its newest monetary replace, Ultracab (India) Ltd reported a consolidated income of Rs.57.24 crores for Q3 FY25, marking a 160 % enhance from Rs.22.05 crores in Q3 FY24. Moreover, internet earnings additionally inclined to Rs.2.70 crores, reflecting a 64 % rise in comparison with Rs.1.64 crores throughout the identical interval final 12 months.
Ratio Evaluation
The corporate has a Return on Capital Employed (ROCE) of 16.38 % and a Return on Fairness (ROE) of 18.89 %. Its Worth-to-Earnings (P/E) ratio stands at 14.67, decrease than the business common of 33.18. Moreover, the corporate maintains a present ratio of 6.3, a debt-to-equity ratio of 1.27, and an Earnings Per Share (EPS) of Rs.0.75.
Written by – Siddesh S Raskar
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