Universal Cables

NSE: UNIVCABLES · Cables - Electricals

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52W Range₹576 – ₹1,775

Snapshot

Unlock Universal Cables's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Universal Cables Limited manufactures a diverse range of electrical cables, wires, and capacitors under the UNISTAR brand. The company serves critical infrastructure sectors including power transmission, railways, petrochemicals, and mining, while also providing specialised engineering and turnkey services.

Business Model

The company generates revenue through the manufacturing and sale of high-performance electrical products and the provision of comprehensive engineering services, including energy audits and system commissioning. It operates as a B2B supplier, catering to industrial, utility, and defence clients through long-term contracts and project-based installations.

  • Incorporation Year:1945

Growth Outlook

Growth is driven by the increasing demand for power infrastructure modernisation and the expansion of industrial capacity in sectors like petrochemicals and renewable energy. The company's focus on specialised products, such as fire survival cables and harmonic filters, positions it to capture value in high-specification engineering projects.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of copper, aluminium, and polymers can significantly impact manufacturing margins.
  • Project Execution Risk. Delays in large-scale turnkey contracts or infrastructure projects can adversely affect cash flows and revenue recognition.
  • Competitive Intensity. The electrical cable industry is highly competitive, with pricing pressures from both domestic and international manufacturers.
  • Cyclicality of End-User Industries. Demand is heavily dependent on capital expenditure cycles in the power, mining, and industrial sectors, which are sensitive to economic downturns.

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Key Metrics

REVENUE

₹3,368 Cr

TTM · consolidated

+33.6%YoY

NET PROFIT

₹200 Cr

TTM · consolidated

+71.7%YoY

EPS

₹57.74

TTM · consolidated

+71.6%YoY

RETURN ON EQUITY

10.9%

TTM · consolidated

+4.3 ppYoY

RETURN ON CAPITAL EMPLOYED

10.7%

TTM · consolidated

+2.8 ppYoY

P/E

25.1×

Q1 FY27 · consolidated

25.1 vs 74.5x5Y avg

EV/EBITDA

19.8x

Q1 FY27 · consolidated

19.8 vs 31.7x5Y avg

EBITDA MARGIN

9.6%

TTM · consolidated

+0.6 ppYoY

NET PROFIT MARGIN

7.4%

Q1 FY27 · consolidated

+1.9 ppYoY

DEBT TO EQUITY

0.6x

Q1 FY27 · consolidated

+0.14xYoY

Peers · Cables - Electricals

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Universal CablesUNIVCABLES
₹5,235 Cr25.1×19.8133.6%9.6%10.9%10.7%+100.4%
KSH InternationaKSHINTL
₹7,093 Cr50.1×29.12—6.8%16.0%26.4%—
V-Marc IndiaVMARCIND
₹4,958 Cr———11.0%——-23.9%
Laser Power & Infra LimitedLASERPOWER
₹4,034 Cr———13.0%———
Lumino Industries LimitedLUMINO
₹3,347 Cr———12.0%———
Dynamic CablesDYCL
₹2,311 Cr22.7×16.1319.1%11.3%22.0%31.6%+6.9%

As of Q1 FY27

Financials