Universal Cables Ltd

NSE
UNIVCABLES •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
43.70% Gain from 52W Low
-9.1
TTM PE Ratio
Below industry Median
16.2
Price to Book Ratio
Low in industry
1.1
Dividend yield 1yr %
Above industry Median
0.6
TTM PEG Ratio
PEG TTM is negative
-2.3
RSI
RSI is mid-range
36.8
MFI
MFI oversold
27.8

Universal Cables Ltd Key Financials

*All values are in ₹ Cr.

Universal Cables Ltd shareholding Pattern

Promoter
61.9%
Foreign Institutions
0.3%
Mutual Funds
3%
Domestic Institutions
5.2%
Public
32.5%

Universal Cables Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
2
Bearish Moving Averages
14
5Day EMA
470.40
10Day EMA
474.00
12Day EMA
475.60
20Day EMA
481.80
26Day EMA
485.50
50Day EMA
493.50
100Day EMA
490.20
200Day EMA
458.30
Delivery & Volume
Resistance & Support
470.32
Pivot
Resistance
First Resistance
473.58
Second Resistance
478.22
Third Resistance
481.48
Support
First Support
465.68
Second support
462.42
Third Support
457.78
Relative Strength Index
36.81
Money Flow Index
27.84
MACD
-9.88
MACD Signal
-9.18
Average True Range
16.46
Average Directional Index
17.45
Rate of Change (21)
-4.14
Rate of Change (125)
11.77

Universal Cables Ltd Company background

Founded in: 1945
Managing director: Y S Lodha
Incorporated as Universal Cables Ltd. (formerly known Hindustan Woollen Mills) and promoted by M P Birla in 1945, the Company was renamed Universal Cables (UCL) in 1961. It manufactures and markets electric cables, wires and conductors. It also copromoted Vindhya Telelinks which manufactures jellyfilled telephone cables. Along with Vindhya Telelinks and Ericsson Cables, Sweden, Universal Cables promoted a new company, Birla Ericsson Opticals, to manufacture fibre optic cables. Presently, the Company is engaged in manufacturing and sale of Electrical and other Cables, Capacitors, Wires and Conductors, etc. and Turnkey Projects relating to Electrical Cables/Capacitors, etc.The Company commenced Commercial Production on 16th February, 1964. It tied up with BICC, U.K., worlds largest cable producer, for production of paperinsulated power cables. The company has since expanded to produce bare overhead conductors, copper alloy trolley wires and catenaries for electric traction, thermoplastic cables upto and including 11 kV, elastomeric cable upto 35 KV, continuous cast and rolled aluminium, aluminium alloy rods, etc.Its capacitor division tiedup with Toshiba, Japan, and General Electric, US to manufacture paperinsulated power capacitors. The cable division, in collaboration with Asea Kabel, Sweden, manufactures polythene power cables upto 33 kV, which was extended to extrahigh tension cables upto 145 kV and fluoroplastic cables. UCL has developed several new products for the Defence sector as well as electronic equipment and has also embarked on collaborative research in specific hitech areas in association with BARC and IIT.The company is planning to diversify its product range and enter into manufacture of Telecommunication Cables. It also came out with Rights Issue in April, 1999 at a premium of Rs 10 per shares. Vindhya Telelinks Ltd and Birla Ericsson Optical Ltd, promoted by the company have shown improved results.During the year 200001, the companys turnover increased about 26% inspite of trying times due to the companys strategy to diversify into Polythene Insulated Jelly Filled (PIJF) Telephone Cables. The company along with Vindhya Telelinks Ltd., and Birla Ericsson Optical Ltd., has promoted a new company called Optic Fibre Goa Ltd., for the manufacture of Optical Fibre which is under implementation and is scheduled to go into production in the coming year.During FY 200506, Optic Fibre Goa Limited (OFGL) was merged with the Company through the Scheme of Amalgamation, which became effective from 29th August, 2006. As the Scheme was operative from the Appointed Date, i.e., 1st April, 2005, the entire business and undertaking of the erstwhile OFGL stood vested into Company, on a going concern basis. Since then, the Unit which merged with the Company upon the amalgamation of OFGL was named as Optic Fibre Goa. During FY 200607, Technological UpgradationcumExpansion Project using Stateoftheart Vertical Continuous Vulcanization (VCV) technology for manufacture of XLPE Power Cables had commenced production. The new Shares of the Company issued and allotted to the Shareholders of erstwhile Optic Fibre Goa Ltd. on amalgamation have been listed and admitted for trading on BSE and NSE from 03.01.2007 and 15.01.2007, respectively.Following the alliance with Japanese major Furukawa Electric Co. Ltd., the Company incorporated a new Joint Venture Company Birla Furukawa Fibre Optics Limited in the State of Goa to deal in Optical Fibre and Allied businesses during FY 200910. The Company further strengthened its position in the Extra High Voltage (EHV) Cable segment by installing the Second VCV Line in the same tower with technology from Furukawa Electric Co., Ltd. in 201011. It completed the rigorous oneyear long duration prequalification test by enhancing market share for EHV Cables upto 220 kV. It progressed well on the Capacitors front by developing new products and also increased the installed capacity by adding balancing equipments. The Company transferred/sold certain specified assets related to the manufacturing operations of Optical Fibre during year 201011, through Joint Venture Agreement with Furukawa Electric Co., Ltd., Japan and consequently, the manufacturing of Optical Fibre was discontinued in the month of November, 2010.During FY 201314, the Company expanded its capacity in the Medium Voltage (MV) and Light Duty cable verticals. Thereafter, it ventured into execution of turnkey projects for capacitors banks where the margins are reasonably remunerative.In 201718, Company migrated to a higher version of its existing software SAP to SAP HANA for improved data management, integration of functional departments, exercising better control and improved technical support. It implemented an advanced software CYMCAP for cable design and operational parameters which can be integrated with the existing SAP HANA already functional into the Company during the year 201819. In FY 202021, the Company completed long duration PreQualification (PQ) test of 400 KV system at KEMA Netherland it commenced manufacturing of 400kV EHV cables which is the highest voltage segment for underground cables in India it completed the capacity expansion project for power and control cables, LT HT power capacitors and thermoplastic compounds with the prime objective of aligning the manufacturing facilities at Satna (M.P.) In FY 202122, it completed the Type Test of very specialised 1 x 2500 Sq mm Enameled Copper Conductor 400kV EHV cable at world renowned Testing LaboratoryCESI/IPH, Germany as well as at renowned domestic test laboratory i.e. Central Power Research Institute.
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Universal Cables Ltd FAQs

Universal Cables Ltd shares are currently priced at 468.95 on NSE and 469.35 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Universal Cables Ltd [UNIVCABLES] share was 25.25. The Universal Cables Ltd [UNIVCABLES] share hit a 1-year low of Rs. 326.35 and a 1-year high of Rs. 564.

The market cap of Universal Cables Ltd is Rs. 1627.04 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Universal Cables Ltd is 38.03 as of 2/22/2024 12:00:00 AM.

The PB ratios of Universal Cables Ltd is 2.03 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 3.04% at the end of 2/22/2024 12:00:00 AM.

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