UNIVCABLES
Universal Cables share price & financials
- Price
- ₹1,166.7
- Market cap
- ₹5.2k Cr
- Sector
- Capital Goods
What Universal Cables Limited does
Universal Cables Limited manufactures and sells power cables spanning 1.1 kV low-voltage up to 400 kV extra-high-voltage (EHV), along with wires, conductors and cable accessories. It also makes power-quality equipment - capacitors, capacitor banks, harmonic filters and static VAR generators (SVGs) - and executes turnkey EHV cable-laying projects, including underground and HVAC cable installations for utilities in India and overseas. Manufacturing is carried out at two facilities, in Satna (Madhya Pradesh) and Verna (Goa); the Satna EHV cable plant uses India's first Vertical Continuous Vulcanization (VCV) line and is also being equipped to make HVDC cables. The company holds an industry-leading share of India's EHV power cable market and has supplied 400 kV cables to overseas projects, including in Europe.
Segments
- Power Cables, Wires & Conductors
- Power Quality Solutions
- Manufacturing facilities
- 2 plants - Satna (Madhya Pradesh) and Verna (Goa)
- Market position
- Industry-leading market share in India's Extra High Voltage (EHV) power cable segment
- Product voltage range
- Power cables from 1.1 kV (LV) to 400 kV (EHV)
- EHV cable technology
- India's first Vertical Continuous Vulcanization (VCV) EHV cable line; also being equipped for EHV HVDC cables
- Largest EHV project executed
- First made-in-India 400 kV EHV underground cable project, 11.34 route km, in Tamil Nadu
- R&D recognition
- In-house R&D laboratory at Satna recognised by the Dept. of Scientific & Industrial Research (DSIR), Govt. of India
Quarterly results
Q1 FY27: revenue up 57.5%, net profit up 85.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 638 | 608 | 674 | 600 | 814 +28% | 768 +26% | 840 +25% | 945 +57% |
| EBITDA | 47 | 39 | 62 | 58 | 74 +57% | 60 +54% | 69 +11% | 91 +57% |
| Net profit | 19 | 10 | 27 | 20 | 37 +95% | 19 +90% | 22 −19% | 37 +85% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +107.3% 1Y
1Y: ₹720.1 on 10 Sept 2025 → ₹1,492.5. High ₹1,745 (18 Aug 2026), low ₹584.55 (16 Mar 2026).
Financials, as filed
Revenue grew 11.1% a year over 3 years, FY23 to FY26. Operating margin held at 8.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.2k Cr | ₹2.0k Cr | ₹2.4k Cr | ₹3.0k Cr |
| Operating profit | ₹185 Cr | ₹162 Cr | ₹180 Cr | ₹261 Cr |
| Operating margin | 8.4% | 8.0% | 7.5% | 8.6% |
| Interest | ₹97 Cr | ₹91 Cr | ₹104 Cr | ₹114 Cr |
| Depreciation | ₹24 Cr | ₹24 Cr | ₹28 Cr | ₹39 Cr |
| Net profit | ₹92 Cr | ₹54 Cr | ₹58 Cr | ₹98 Cr |
| Net margin | 4.2% | 2.7% | 2.4% | 3.2% |
| Cash from operations | ₹143 Cr | ₹33 Cr | ₹176 Cr | ₹63 Cr |
| Free cash flow | ₹115 Cr | ₹-27 Cr | ₹13 Cr | ₹-206 Cr |
| ROCE | 14.0% | 11.0% | 11.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹35 Cr |
| Reserves | ₹453 Cr | ₹528 Cr | ₹673 Cr | ₹829 Cr | ₹1.8k Cr | ₹882 Cr |
| Borrowings | ₹609 Cr | ₹694 Cr | ₹657 Cr | ₹771 Cr | ₹1.0k Cr | ₹1.2k Cr |
| Other liabilities | ₹393 Cr | ₹530 Cr | ₹403 Cr | ₹477 Cr | ₹1.0k Cr | ₹940 Cr |
| Total liabilities | ₹1.5k Cr | ₹1.8k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹3.9k Cr | ₹3.0k Cr |
| Fixed assets | ₹187 Cr | ₹167 Cr | ₹161 Cr | ₹200 Cr | ₹329 Cr | ₹417 Cr |
| Capital work in progress | ₹0 Cr | ₹2 Cr | ₹11 Cr | ₹0 Cr | ₹58 Cr | ₹137 Cr |
| Investments | ₹164 Cr | ₹218 Cr | ₹316 Cr | ₹444 Cr | ₹1.7k Cr | ₹365 Cr |
| Other assets | ₹1.1k Cr | ₹1.4k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.9k Cr | ₹2.1k Cr |
| Total assets | ₹1.5k Cr | ₹1.8k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹3.9k Cr | ₹3.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −3.36 pp while the public added +2.41 pp. The shareholder count grew 23% to 22,213.
- Promoters
- 61.9%
- FIIs
- 1.1%
- DIIs
- 3.3%
- Public
- 33.7%
Since Jun 2025
- DIIs −3.36 pp
- Public +2.41 pp
- FIIs +0.93 pp
How it drifted, 12 quarters
Over this window the public fell from 34.8% to 33.7% — −1.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 61.9%, FIIs 0.3%, DIIs 3.0%, Public 34.8%.Dec '23: Promoters 61.9%, FIIs 0.3%, DIIs 5.3%, Public 32.5%.Mar '24: Promoters 61.9%, FIIs 0.3%, DIIs 6.2%, Public 31.6%.Jun '24: Promoters 61.9%, FIIs 0.4%, DIIs 5.2%, Public 32.5%.Sep '24: Promoters 61.9%, FIIs 0.2%, DIIs 6.6%, Public 31.3%.Dec '24: Promoters 61.9%, FIIs 0.2%, DIIs 6.6%, Public 31.3%.Mar '25: Promoters 61.9%, FIIs 0.2%, DIIs 6.6%, Public 31.3%.Jun '25: Promoters 61.9%, FIIs 0.2%, DIIs 6.7%, Public 31.3%.Sep '25: Promoters 61.9%, FIIs 0.4%, DIIs 6.1%, Public 31.6%.Dec '25: Promoters 61.9%, FIIs 0.8%, DIIs 4.5%, Public 32.8%.Mar '26: Promoters 61.9%, FIIs 0.7%, DIIs 4.5%, Public 32.9%.Jun '26: Promoters 61.9%, FIIs 1.1%, DIIs 3.3%, Public 33.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- PGIM India Equity Growth Opportunities Fund Series Ii Mutual fund +0.10 pp 1.13% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Universal Cables Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vindhya Telelinks Limited | 23.85% | unchanged |
| The Punjab Produce And Trading Co Pvt Ltd | 14.77% | unchanged |
| Gwalior Webbing Company Private Limited | 8.32% | unchanged |
| Eastern India Educational Institution | 3.18% | unchanged |
| Hindustan Medical Institution | 3.14% | unchanged |
| August Agents Limited | 2.31% | unchanged |
| Birla Corporation Limited | 2.31% | unchanged |
| Birla Cable Limited | 2.27% | unchanged |
| Insilco Agents Limited | 2.24% | unchanged |
| Laneseda Agents Limited | 1.95% | unchanged |
| ICICI Prudential Energy Opportunities Fund Mutual fund | 1.66% | −1.13 pp |
| City Consultants Private Limited | 1.38% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
Growth trapTo justify its price of ₹1492, this stock must grow earnings at 31% every year for 7 years. Our analysis caps realistic growth at ~2%. At that growth it is worth ₹330 — downside of 78%.
- Growth the price implies
- 30.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 2.1% a year
- net profit, FY23–FY26 · EPS 1.7%
- The gap
- 0.3 pp
- -78% downside if it only repeats history
Learn to analyse Universal Cables Limited
Guides on how to read this kind of business and the numbers that matter.