Universal Cables Limited (UNIVCABLES) AI Stock Analysis

• Market Cap: ₹24.28B
• Dividend Yield: 0.45%
• Average Volume (3M): 3.22K
• Price to Earnings (P/E): 16.6
• Beta (1Y): 1.81
• Revenue Growth: 24.03%
• EPS Growth: 51.58%
• Country: IN
• Employees: 864
• Sector: Services
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): 13.74
• Shares Outstanding: 34,695,380
• 10 Day Avg. Volume: 1,985
• 30 Day Avg. Volume: 3,217
• PEG Ratio: -1.11
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 137.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹777.00 ▼(-16.23% Downside)

The score is supported by strong revenue growth and a generally stable balance sheet, but is held back by very weak technical momentum (price below key moving averages with negative MACD and oversold RSI/Stoch) and a low dividend yield despite a reasonable P/E.

Positive Factors

Revenue Growth

A 20.31% annual revenue increase signals durable demand expansion and potential market share gains. Sustained top-line growth supports scale economies, funds capex and working capital, and provides a stable base to finance strategic investments over the medium term.

Gross Margin Strength

A ~24.75% gross margin indicates resilient product-level economics and pricing or cost control. This margin buffer helps absorb input cost swings, supports reinvestment in operations or channels, and underpins sustainable operating profitability over multiple quarters.

Balance Sheet Manageability

A debt-to-equity of 0.48 and ~51.8% equity coverage imply conservative leverage and good asset backing. That financial flexibility reduces refinancing risk, supports targeted capex or acquisitions, and improves resilience through industry cycles over the medium term.

Negative Factors

Declining Net Margin

Net margin down to 3.68% despite strong revenue indicates weak profit conversion and rising expense or non-operating pressure. Persistently low net profitability constrains retained earnings, limits reinvestment and increases vulnerability to cost or rate shocks.

Volatile Cash Generation

A swing from negative to positive FCF shows cash generation is inconsistent. Persistent volatility complicates multi-year capital allocation, may force reliance on external financing in downturns, and raises execution risk for expansion or modernization plans.

Rising Debt Trend

A recent uptick in total debt increases leverage risk if profitability remains weak. Incremental debt raises interest expense and reduces flexibility for dividends or strategic spending, heightening sensitivity to margin compression or slower revenue growth.

Universal Cables Limited Business Overview & Revenue Model

Company Description

Universal Cables Limited manufactures and sells electrical and other cables, capacitors, wires and conductors, and other products under the UNISTAR brand name in India and internationally. It offers XLPE cables, such as extra high voltage, medium voltage, low voltage, and aeriel bunched cables for use in power transmission and distribution, railways, fertilizers, petrochemical plants, submarine and under waterpower transmission, steel plants, power station wiring, chemical plants, underwater wiring, mines for power distribution, and control and instrumentation circuits. The company also provides PVC power and control cables for use in power distribution, control system, utility network, railway signaling installations, switching stations, textile mills, chemical plants, machine shops, etc.; PVC insulated winding wires and flat motor leads; elastomeric cables for trailing, ship wiring, and defense applications; and mining cables for landline, LHD and SDL machines, drills, coal cutters, stacker-reclaimers, and earth moving equipment. In addition, it offers silicon rubber cables for high-temperature locations; special power and control cables for oil rigs, traction motors, and brush gear connectors, as well as tap changers for EMU's, AC coaches, and wind energy generators; and fire survival type elastomeric cables for circuit integrity during fire hazards. Further, the company provides capacitors, including high and low-voltage capacitors, harmonic filters, surge protection/special duty capacitors, and automatic power factor correction panels. Additionally, it offers engineering services for various needs, such as turnkey contracts, system study, energy audit, harmonic analysis, and testing and commissioning of HT/LT capacitor banks and their associated equipment; and handling and installation services. The company was incorporated in 1945 and is based in New Delhi, India.

How the Company Makes Money

Universal Cables Limited generates revenue through the sale of its core products, which include electrical cables, conductors, and specialized cable solutions tailored to meet industry-specific needs. The company has established key revenue streams from both domestic and international markets, catering to large-scale projects in power and telecommunications sectors. Additionally, UNIVCABLES engages in partnerships with various utility companies and contractors, ensuring a steady demand for its products. The company's focus on quality and adherence to industry standards enhances its competitive edge, contributing to sustained earnings from repeat customers and long-term contracts.

Universal Cables Limited Financial Statement Overview

Summary

Strong revenue growth (+20.31% from 2024 to 2025) and a solid gross margin (~24.75%) support results, but the net margin has fallen to 3.68% and cash flow remains volatile despite free cash flow turning positive in 2025. Balance sheet leverage is manageable (debt-to-equity 0.48) with good equity coverage (51.84%).

Income Statement

Universal Cables Limited shows strong revenue growth with a 20.31% increase from 2024 to 2025. The company maintains a solid gross profit margin at approximately 24.75% for 2025. However, the net profit margin has decreased to 3.68% due to lower net income, indicating some challenges in maintaining profitability.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.48, suggesting a manageable level of debt. The equity ratio stands at 51.84%, indicating good asset coverage by equity. However, there is a slight increase in total debt, which could be a potential risk if not managed properly.

Cash Flow

The company has shown improvement in free cash flow, turning positive in 2025 after a negative free cash flow in 2024. The operating cash flow to net income ratio is 1.96, reflecting efficient cash generation relative to net income. However, the free cash flow growth rate is volatile, showing potential cash flow management challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.20B	24.31B	20.21B	22.02B	18.14B	12.81B
Gross Profit	5.90B	6.01B	5.42B	4.93B	2.07B	1.44B
EBITDA	2.54B	2.02B	1.84B	2.59B	1.41B	1.03B
Net Income	1.17B	893.85M	1.08B	1.18B	749.26M	672.26M
Balance Sheet
Total Assets	0.00	34.19B	33.20B	28.10B	27.58B	23.51B
Cash, Cash Equivalents and Short-Term Investments	81.15M	77.28M	39.56M	34.98M	19.05M	66.21M
Total Debt	0.00	8.49B	7.71B	6.57B	6.94B	6.09B
Total Liabilities	-17.72B	16.47B	15.45B	13.14B	14.63B	12.15B
Stockholders Equity	17.72B	17.72B	17.75B	14.97B	12.95B	11.36B
Cash Flow
Free Cash Flow	0.00	125.56M	-276.93M	1.15B	-321.66M	640.35M
Operating Cash Flow	0.00	1.76B	330.64M	1.43B	-117.78M	897.33M
Investing Cash Flow	0.00	-1.41B	-498.78M	-152.42M	-70.03M	-160.19M
Financing Cash Flow	0.00	-311.70M	181.01M	-1.27B	161.72M	-719.16M

Universal Cables Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 927.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNIVCABLES, the sentiment is Neutral. The current price of 927.55 is above the 20-day moving average (MA) of 755.60, above the 50-day MA of 846.59, and above the 200-day MA of 726.73, indicating a neutral trend. The MACD of -41.48 indicates Negative momentum. The RSI at 43.85 is Neutral, neither overbought nor oversold. The STOCH value of 71.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:UNIVCABLES.

Universal Cables Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CORDSCABLE	76 Outperform	₹2.11B	12.69	―	0.52%	26.59%	42.18%
PARACABLES	70 Outperform	₹9.91B	16.26	―	―	38.39%	-27.69%
UNIVCABLES	62 Neutral	₹24.28B	16.62	―	0.45%	24.03%	51.58%
DYCL	61 Neutral	₹14.06B	16.77	―	0.07%	28.58%	54.67%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Universal Cables Limited Corporate Events

Universal Cables Limited Announces Senior Management Resignation

Universal Cables Limited has announced the resignation of Mr. Hemant Shravan Talele, who served as Vice-President of Capacitor Production, effective from November 29, 2025. This change in senior management could impact the company’s operations, particularly in the capacitor production segment, and stakeholders may need to consider the implications of this leadership transition.

Universal Cables Limited Enhances Disclosure Protocols

Universal Cables Limited has announced the authorization of key managerial personnel to determine the materiality of events or information and their disclosure to stock exchanges, in line with SEBI regulations. This move ensures that the company adheres to regulatory requirements and maintains transparency with stakeholders, potentially enhancing its operational efficiency and industry reputation.