Value Added Product Mix Shift
Expected: OngoingHIGH confidence
What: EHV Contribution: 25%
Impact: Margin expansion
Universal Cables Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +51.6%Average4w Streak
In , Universal Cables Ltd (Cables - Power) is outperforming Nifty 500 with +51.6% relative strength. Fundamentals: Average. On a 4-week streak.
Universal Cables Ltd Key Facts
- PE Ratio
- 18.4x
- Market Cap
- ₹2,906 Cr
- PAT Growth YoY
- +69%
- Revenue Growth YoY
- +26%
- OPM
- 8.0%
- RS vs Nifty 500
- +51.6%
PE: Mid ContractionStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
💰Trading 11% above estimated fair value
Earnings Acceleration Triggers
1. Value Added Product Mix Shift
OngoingHIGH
2. Order Book Or Contract Wins
Next 12 monthsMEDIUM
Key Risks
1. Volatility in copper and aluminum prices impacting input costs by over 15%
HIGH2. Supply chain disruptions for specialized polymers used in EHV cables
MEDIUMSector-Specific Signals
Order BookINR 1,200 Crores-8%
Capacity Utilisation72%-500 bps
EHV Product Mix25%+300 bps
Key Numbers
PAT Growth YoY
+69%
Stable
Revenue YoY
+26%
Stable
Operating Margin
8.0%
+200 bps YoY
PE Ratio
18.4
Current Price
₹837
Dividend Yield
0.48%
Fundamental Score
43/100
Average
3Y PAT CAGR
+6%
Market Cap
4.0K Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Universal Cables Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 19, 2026
Order Book Or Contract Wins
Expected: Next 12 monthsMEDIUM confidence
What: Order Book Value: INR 1,200 Crores
Impact: Revenue visibility
What Are the Key Risks for Universal Cables Ltd?
Earnings deceleration risks from management commentary
Volatility in copper and aluminum prices impacting input costs by over 15%
HIGHTrigger: Volatility in copper and aluminum prices impacting input costs by over 15%.
Impact: PAT impact: 10-12%
Management view: Price escalation clauses in long-term contracts.
Monitor: commodity
Supply chain disruptions for specialized polymers used in EHV cables
MEDIUMTrigger: Supply chain disruptions for specialized polymers used in EHV cables.
Impact: PAT impact: 5%
Management view: Diversifying vendor base for raw materials.
Monitor: geopolitical
What Did Universal Cables Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
INR 506.70 Crores
YoY -10.3%QoQ -1.3%
Revenue declined by 10.3% year-on-year due to lower volume execution in the power cable segment during the quarter.
EBITDA
INR 48.12 Crores
YoY -22.4%Margin 9.5%
EBITDA margins contracted to 9.5% from 11.0% YoY, reflecting higher raw material costs and competitive pricing pressures.
PAT
INR 18.45 Crores
YoY -41.2%QoQ -15.6%
PAT was significantly impacted by lower operating margins and a 12% increase in finance costs during the period.
Other Highlights
• Finance costs increased to INR 21.40 Crores from INR 19.12 Crores YoY.
• Total expenses for the quarter stood at INR 487.25 Crores.
• Other income rose to INR 5.85 Crores from INR 4.20 Crores YoY.
What Sector Metrics Matter for Universal Cables Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Order Book
INR 1,200 Crores
YoY -8%QoQ Not Given
Why: Slower fresh order inflows from the private sector during the quarter.
Capacity Utilisation
72%
YoY -500 bpsQoQ Not Given
Why: Lower production volumes due to scheduled maintenance and demand fluctuations.
EHV Product Mix
25%
YoY +300 bpsQoQ Not Given
Why: Strategic focus on higher voltage segments to improve margins.
What Is Universal Cables Ltd's Management Guidance?
Forward-looking targets from management
Capex Plan
₹50 Cr
Capex Plan
INR 50 Crores
Capacity expansion for Extra High Voltage (EHV) cables
Management Tone: CAUTIOUS
How Fast Is Universal Cables Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +26% | +10% | Stable |
| PAT (Net Profit) | +69% | +6% | Stable |
| OPM | 8.0% | +200 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.
Other Top Cables - Power Stocks Beating Nifty 500
Frequently Asked Questions: Universal Cables Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Universal Cables Ltd's latest quarterly results?
Universal Cables Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +68.8% (stable)
- Revenue Growth YoY: +26.3%
- Operating Margin: 8.0% (volatile)
Is Universal Cables Ltd's profit growing or declining?
Universal Cables Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +68.8% (latest quarter)
- PAT Growth QoQ: -43.7% (sequential)
- 3-Year PAT CAGR: +5.9%
- Trend: Stable — consistent growth pattern
What is Universal Cables Ltd's revenue growth trend?
Universal Cables Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +26.3%
- Revenue Growth QoQ: -5.7% (sequential)
- 3-Year Revenue CAGR: +9.9%
How is Universal Cables Ltd's operating margin trending?
Universal Cables Ltd's operating margin is volatile.
- Current OPM: 8.0%
- OPM Change YoY: +2.0% basis points
- OPM Change QoQ: -1.0% basis points
What is Universal Cables Ltd's 3-year profit and revenue CAGR?
Universal Cables Ltd's long-term compounding rates
- 3-Year Profit CAGR: +5.9%
- 3-Year Revenue CAGR: +9.9%
Is Universal Cables Ltd's growth accelerating or decelerating?
Universal Cables Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: -31.2% bps
- Sequential Acceleration: -89.2% bps
What is Universal Cables Ltd's trailing twelve month (TTM) performance?
Universal Cables Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹158 Cr
- TTM PAT Growth: +77.5% YoY
- TTM Revenue: ₹3,000 Cr
- TTM Revenue Growth: +23.4% YoY
- TTM Operating Margin: 8.9%
Is Universal Cables Ltd overvalued or undervalued?
Universal Cables Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 18.4x
- Price-to-Book: 1.6x
What is Universal Cables Ltd's current PE ratio?
Universal Cables Ltd's current PE ratio is 18.4x.
- Current PE: 18.4x
- Market Cap: 2.9K Cr
- Dividend Yield: 0.48%
How does Universal Cables Ltd's valuation compare to its history?
Universal Cables Ltd's current PE is 18.4x.
- Current PE: 18.4x
- Valuation Assessment: Overvalued
What is Universal Cables Ltd's price-to-book ratio?
Universal Cables Ltd's price-to-book ratio is 1.6x.
- Price-to-Book (P/B): 1.6x
- Book Value per Share: ₹539
- Current Price: ₹837
Is Universal Cables Ltd a fundamentally strong company?
Universal Cables Ltd is rated Average with a fundamental score of 43/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +26.3% (10% weight)
- PAT Growth YoY: +68.8% (10% weight)
- PAT Growth QoQ: -43.7% (10% weight)
- Margins stable (10% weight)
Is Universal Cables Ltd debt free?
Universal Cables Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹849 Cr
What is Universal Cables Ltd's return on equity (ROE) and ROCE?
Universal Cables Ltd's return ratios over recent years
- FY2023: ROCE 12.0%
- FY2024: ROCE 10.0%
- FY2025: ROCE 9.0%
Is Universal Cables Ltd's cash flow positive?
Universal Cables Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹176 Cr
- Free Cash Flow (FCF): ₹35 Cr
- CFO/PAT Ratio: 198% (strong cash conversion)
What is Universal Cables Ltd's dividend yield?
Universal Cables Ltd's current dividend yield is 0.48%.
- Dividend Yield: 0.48%
- Current Price: ₹837
Who holds Universal Cables Ltd shares — promoters, FII, DII?
Universal Cables Ltd's shareholding pattern (Mar 2026)
- Promoters: 61.9%
- FII (Foreign): 0.7%
- DII (Domestic): 4.5%
- Public: 32.9%
Is promoter holding increasing or decreasing in Universal Cables Ltd?
Universal Cables Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 61.9% (Mar 2026)
- Previous Quarter: 61.9% (Dec 2025)
- Change: 0.00% (stable)
How long has Universal Cables Ltd been outperforming Nifty 500?
Universal Cables Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.
Is Universal Cables Ltd a new momentum entry or an established outperformer?
Universal Cables Ltd is an established outperformer with 4 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Universal Cables Ltd?
Universal Cables Ltd has 2 key growth catalysts identified from recent earnings analysis
- Value Added Product Mix Shift — EHV products carry significantly higher margins than standard distribution cables.
- Order Book Or Contract Wins — Provides a baseline for revenue but execution speed remains a variable.
What are the key risks in Universal Cables Ltd?
Universal Cables Ltd has 2 key risks worth monitoring
- [HIGH] Volatility in copper and aluminum prices impacting input costs by over 15% — Volatility in copper and aluminum prices impacting input costs by over 15%.
- [MEDIUM] Supply chain disruptions for specialized polymers used in EHV cables — Supply chain disruptions for specialized polymers used in EHV cables.
What is Universal Cables Ltd's management guidance for growth?
Universal Cables Ltd's management has provided the following forward guidance
- Revenue outlook: Not Given
- Margin outlook: Not Given
- Capex plan: ₹50 Cr for Capacity expansion for Extra High Voltage (EHV) cables
- Management tone: cautious
What sector-specific metrics matter most for Universal Cables Ltd?
Universal Cables Ltd's most important sub-sector-specific KPIs from the latest concall
- Order Book: INR 1,200 Crores (YoY -8%) (QoQ Not Given) — Slower fresh order inflows from the private sector during the quarter.
- Capacity Utilisation: 72% (YoY -500 bps) (QoQ Not Given) — Lower production volumes due to scheduled maintenance and demand fluctuations.
- EHV Product Mix: 25% (YoY +300 bps) (QoQ Not Given) — Strategic focus on higher voltage segments to improve margins.
Is Universal Cables Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Universal Cables Ltd may be worth studying
- Earnings growing at +68.8% YoY
- Cash flow is positive — CFO ₹176 Cr
What is the investment thesis for Universal Cables Ltd?
Universal Cables Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +26.3% YoY
- Growth catalyst: Value Added Product Mix Shift
Risk Factors (Bear Case)
- Appears overvalued
- Key risk: Volatility in copper and aluminum prices impacting input costs by over 15%
What is the future outlook for Universal Cables Ltd?
Universal Cables Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Overvalued
- Key Catalyst: Value Added Product Mix Shift
- Key Risk: Volatility in copper and aluminum prices impacting input costs by over 15%
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.