MarketFriction

Ucal Ltd

NSE UCAL · BSE 500464 · Auto Components & Equipments
₹140.40 +0.18%
NSE close2026-10-01
52 week range77.00 - 163.80
Market cap₹303 Cr.
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales174.48187.29177.06187.07213.02203.30198.90194.52211.30198.52233.47203.15
Expenses159.23175.85173.74172.14194.24193.64202.51184.31196.33191.19215.50183.76
Operating Profit15.2511.443.3214.9318.789.66-3.6110.2114.977.3317.9719.39
OPM %8.74%6.11%1.88%7.98%8.82%4.75%-1.81%5.25%7.08%3.69%7.70%9.54%
Other Income1.684.102.942.221.7715.432.782.90-0.24-1.04-13.651.70
Interest7.244.856.268.688.026.716.088.287.538.186.366.99
Depreciation10.2910.014.5110.109.8910.5810.349.599.258.649.196.20
Profit before tax-0.600.68-4.51-1.632.647.80-17.25-4.76-2.05-10.53-11.237.90
Tax %145.00%229.41%300.22%53.99%81.82%18.85%19.36%26.26%118.05%-7.98%17.28%26.08%
Net Profit-1.49-0.87-18.05-2.510.496.32-20.58-6.01-4.47-9.69-13.155.84
EPS in Rs-0.67-0.39-8.16-1.140.222.86-9.31-2.72-2.02-4.38-5.952.64
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales723791820870732687782823723802838846
Expenses646688697745643620710766684763787787
Operating Profit761031231248967735739405160
OPM %11%13%15%14%12%10%9%7%5%5.0%6%7%
Other Income8107612133191022-13-13
Interest272826272728232224303029
Depreciation343430304040413833413733
Profit before tax235174733511396-9-8-29-16
Tax %33%30%-37%37%40%-162%11%87%185%93%17%
Net Profit1636101462129351-25-16-33-21
EPS in Rs7.0416.2245.7720.729.5613.0515.780.38-11.42-7.36-15.07-9.71
Dividend Payout %50%31%22%43%-0%15%13%520%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%4%1%5%
Compounded Profit Growth%%%72%
Stock Price CAGR-1%-1%1%0%
Return on Equity6%-3%-8%-5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222222222
Reserves449188276300309336369371349333304
Borrowings317294255260230220274223205268312186
Other Liabilities157170177158190218226164184162176169
Total Liabilities540496643716742770858778782801842680
Fixed Assets271255388399420510484473449503478387
CWIP428141412416212727
Investments002222333343
Other Assets266239246301306257369299314274334264
Total Assets540496643716742770858778782801842680
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity92819878130134108178391591
Cash from Investing Activity-12-14-24-45-45-61-11-27-28-74-565
Cash from Financing Activity-80-67-71-49-48-6531-83-940-7-154
Net Cash Flow-0-02-1638830-2941421
Free Cash Flow806677318559-14943-475148
CFO/OP111%121%109%83%112%163%19%125%141%106%36%178%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days555253545741714553605045
Inventory Days829284928810710298819511760
Days Payable11011913812214117215188107125118110
Cash Conversion Cycle2725-2244-252255272950-4
Working Capital Days-59-71-49-43-41-67-43-25-40-29-32-19
ROCE %16%14%20%20%18%11%7%10%5%2%1%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.28%70.28%70.28%70.28%70.28%70.28%70.28%70.28%70.28%70.28%70.28%70.28%
FIIs0.00%0.00%0.00%0.12%0.00%0.06%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public29.72%29.72%29.71%29.60%29.73%29.65%29.71%29.69%29.71%29.72%29.71%29.73%
No. of Shareholders20,21019,58019,30218,67118,67518,20017,91017,70917,59017,41117,36317,177

Fundamentals

Market Cap₹ 303 Cr.
Current Price₹ 139
Book Value₹ 147
ROCE3.43 %
ROE-5.29 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)72%
Consolidated figures.
Valuation
Market capRs 310 Cr
Enterprise valueRs 457 Cr
Price to book0.95x
Price to sales0.37x
EV / EBITDA9.85x
EV / EBIT34.79x
EV / sales0.54x
Price to cash flow3.42x
Earnings yield-6.92%
P/B, 3-year average0.74x
P/E, 5-year average144.69x
P/B, 5-year average0.69x
Profitability
Operating margin (excl. other income)6.11%
Operating margin (incl. other income)4.59%
EBITDA margin5.49%
Pre-tax margin-1.88%
Net profit margin-2.54%
Net margin, latest quarter2.87%
ROE-9.79%
ROCE0.30%
ROA-4.38%
ROE, 3-year average-6.96%
ROCE, 3-year average2.02%
ROA, 3-year average-3.18%
ROE, 5-year average-2.27%
ROCE, 5-year average4.14%
ROA, 5-year average-1.03%
ROIC (approx.)3.24%
Tax rate-16.70%
Other income / net worth-3.90%
Growth
Sales growth (latest year)4.43%
Sales CAGR, 3 years0.60%
Sales CAGR, 5 years4.06%
Sales growth QoQ-12.99%
Sales growth YoY (latest quarter)4.44%
Per share
EPS (TTM)Rs -9.71
EPS (latest year)Rs -15.07
EPS (latest quarter)Rs 2.64
EPS, 3-year averageRs -11.28
EPS, 5-year averageRs -3.54
Book value per shareRs 147.49
Sales per shareRs 382.77
Cash flow per shareRs 41.01
Free cash flow per shareRs 66.93
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout, 5-year average266.33%
Efficiency
Asset turnover1.23x
Fixed asset turnover2.17x
Inventory turnover7.46x
Inventory days49 days
Debtor days45 days
Debtors turnover8.16x
Creditor days110 days
Cash conversion cycle-4 days
Working capital days-19 days
Leverage
Total debtRs 186 Cr
Cash and bankRs 39 Cr
Net debtRs 147 Cr
Debt to equity0.57x
Net debt / EBITDA3.17x
Interest coverage0.45x
Owners' fund to total sources47.94%
Debt to assets27.27%
Cash flow
Cash from Operating Activity (latest year)Rs 91 Cr
Cash from Investing Activity (latest year)Rs 65 Cr
Cash from Financing Activity (latest year)Rs -154 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 148 Cr
FCFE (approx.: FCF + change in debt)Rs 22 Cr
Sales to cash flow9.24x
Statement figures
Net sales (TTM)Rs 846 Cr
Net sales (latest year)Rs 838 Cr
Sales (latest quarter)Rs 203 Cr
Operating profit excl. other income (latest year)Rs 51 Cr
Operating profit (latest quarter)Rs 19 Cr
Other income (TTM)Rs -13 Cr
EBITDA (TTM)Rs 46 Cr
PBDT (TTM)Rs 17 Cr
Profit before tax (TTM)Rs -16 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs -21 Cr
Net profit (latest year)Rs -33 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 33 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 29 Cr
Cost of goods sold (latest year)Rs 538 Cr
Total expenditure (latest year)Rs 787 Cr
Total income (latest year)Rs 825 Cr
Share capitalRs 22 Cr
ReservesRs 304 Cr
Shareholders' fundsRs 326 Cr
Total assetsRs 680 Cr
Net blockRs 387 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 3 Cr
ReceivablesRs 103 Cr
InventoryRs 72 Cr
Other liabilitiesRs 169 Cr
Shares outstanding (crore)2.21
Ownership
Promoter holding70.28% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.95 is at the 62th percentile (median 0.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodUCALNifty 50Difference
1 week-0.7%-2.8% +2.0 pts
1 month-4.4%-6.8% +2.4 pts
3 months+20.7%-7.6% +28.3 pts
6 months+74.0%+0.4% +73.6 pts
1 year+1.2%-9.9% +11.2 pts
2 years-30.6%-13.6% -17.1 pts
3 years+5.2%+14.2% -9.0 pts
5 years-6.8%+27.9% -34.7 pts

Red flags

F-score 6 of 8
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹203 Cr +4.4% vs Jun 2025. Net profit ₹6 Cr +197.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-22Annual General Meeting/Dividend - Rs 2 Per Share
2022-08-19Annual General Meeting/Dividend - Rs 2 Per Share
2021-09-22 Annual General Meeting/ Dividend Rs 2 Per Share
2019-09-19 Dividend - Rs 9 Per Share
2018-09-19 Dividend Rs 10 Per Share
2017-09-20 Dividend- Rs 5 Per Share
2016-09-20 Dividend - Rs 3.50 Per Share
2015-09-22 Annual General Meeting/ Dividend - Rs 2/- Per Share
2014-09-24Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-23Annual General Meeting And Dividend Re.1/- Per Share
2012-09-21Annual General Meeting/Dividend Rs 4 Per Share
2011-09-23Dividend-Rs.4/- Per Share
2010-09-17Annual General Meeting And Dividend Re.1/- Per Share
2009-09-17Annual General Meeting
2008-09-12Agm/Dividend - 10%
2007-08-31Agm/Dividend-10%
2006-08-17Agm/Final Dividend-10%
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-25Regulatory actionAction(s) initiated or orders passed
2026-08-31General UpdatesGeneral Updates
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-08-14Shareholder meetingVoting results.
2026-08-13Board meeting outcomeUCAL LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-13Board meeting outcomeOutcome of Board Meeting held on August 13, 2026.
2026-08-13AppointmentAppointment of Mr Adithya Srivatsa Jayakar as Chief Executive Officer of the company w.e.f. August 13, 2026.
2026-08-12Regulatory actionAction(s) initiated or orders passed
2026-07-14Shareholder meetingNotice of Postal Ballot
2026-07-08Board meeting outcomeOutcome of Board Meeting held on July 08, 2026.
2026-06-30ResignationResignation of Director/KMP/SMP
2026-06-30ResignationResignation of Mr T Jaisankar as Chief Executive Officer of the company w.e.f. Jun 30, 2026.
2026-06-19Disclosure under SEBI TakeovCARBURETTORS LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-05-27Board meeting outcomeUCAL LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-24Regulatory actionAction(s) initiated or orders passed
2026-04-09Regulatory actionAction(s) initiated or orders passed
2026-03-16General UpdatesGeneral Updates
2026-02-16Shareholder meetingVoting results.
2026-02-12Board meeting outcomeUCAL LIMITED has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-14Shareholder meetingNotice of Postal Ballot
2026-01-13Board meeting outcomeOutcome of Board Meeting held on January 13, 2026.
2025-11-18General UpdatesGeneral Updates
2025-11-10Board meeting outcomeUCAL LIMITED has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-08NCLTPrime Silicons (Chennai) Pvt Ltd Vs Ucal Fuel Systems Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03