UCAL

UCAL LIMITED

Automotive components for two-wheeler and four-wheeler segments

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

ucal.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹131.25
Market cap
290 Cr
Stock P/E
Loss (TTM EPS ₹-9.71)
P/B
0.89
Dividend yield
1.5%
ROE (FY26)
-10.2%
ROCE (FY26)
0.4%
Operating margin (FY26)
1.7%
Debt / equity (FY26)
0.57
OCF / EBITDA (FY26)
237.7%
OCF / EBITDA (3Y)
136.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

UCAL makes automotive components.

Company snapshot

86thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓136% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales174 Cr187 Cr177 Cr187 Cr213 Cr203 Cr199 Cr195 Cr211 Cr199 Cr233 Cr203 Cr
Operating expenses (approx.)159 Cr176 Cr175 Cr172 Cr194 Cr194 Cr203 Cr184 Cr196 Cr191 Cr216 Cr184 Cr
EBITDA15 Cr11 Cr2 Cr15 Cr19 Cr10 Cr-4 Cr10 Cr15 Cr7 Cr18 Cr19 Cr
OPM %8.7%6.1%1.4%8.0%8.8%4.8%-1.8%5.2%7.1%3.7%7.7%9.5%
Other income2 Cr4 Cr4 Cr2 Cr2 Cr15 Cr3 Cr3 Cr-0.24 Cr2 Cr2 Cr2 Cr
Interest7 Cr5 Cr6 Cr9 Cr8 Cr7 Cr6 Cr8 Cr8 Cr8 Cr6 Cr7 Cr
Depreciation10 Cr10 Cr5 Cr10 Cr10 Cr11 Cr10 Cr10 Cr9 Cr9 Cr9 Cr6 Cr
Profit before tax-0.61 Cr0.69 Cr-5 Cr-2 Cr3 Cr8 Cr-17 Cr-5 Cr-2 Cr-11 Cr-11 Cr8 Cr
Tax %-143.8%227.1%-300.3%-53.5%81.6%18.9%-19.3%-26.3%-118.3%7.9%-17.2%26.1%
Net profit-1 Cr-0.87 Cr-18 Cr-3 Cr0.49 Cr6 Cr-21 Cr-6 Cr-4 Cr-10 Cr-13 Cr6 Cr
EPS (₹)₹-0.67₹-0.39₹-8.16₹-1.14₹0.22₹2.86₹-9.31₹-2.72₹-2.02₹-4.38₹-5.95₹2.64

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales874 Cr850 Cr870 Cr732 Cr687 Cr782 Cr823 Cr723 Cr802 Cr838 CrSign in free for the trailing twelve months
Operating expenses (approx.)772 Cr727 Cr745 Cr643 Cr620 Cr710 Cr766 Cr686 Cr763 Cr787 CrSign in free for the trailing twelve months
EBITDA102 Cr123 Cr124 Cr89 Cr67 Cr73 Cr57 Cr37 Cr40 Cr50 CrSign in free for the trailing twelve months
OPM %11.7%14.5%14.3%12.2%9.7%9.3%7.0%5.1%5.0%6.0%Sign in free for the trailing twelve months
Other income11 Cr7 Cr6 Cr12 Cr13 Cr31 Cr9 Cr12 Cr22 Cr6 CrSign in free for the trailing twelve months
Interest28 Cr26 Cr27 Cr27 Cr28 Cr23 Cr22 Cr24 Cr29 Cr30 CrSign in free for the trailing twelve months
Depreciation34 Cr30 Cr30 Cr40 Cr40 Cr41 Cr38 Cr33 Cr41 Cr37 CrSign in free for the trailing twelve months
Profit before tax51 Cr74 Cr73 Cr35 Cr11 Cr39 Cr6 Cr-9 Cr-8 Cr-29 CrSign in free for the trailing twelve months
Tax %30.1%-36.9%37.3%39.5%-162.5%10.6%86.7%-185.4%-92.9%-16.7%Sign in free for the trailing twelve months
Net profit36 Cr101 Cr46 Cr21 Cr29 Cr35 Cr0.85 Cr-25 Cr-16 Cr-33 CrSign in free for the trailing twelve months
EPS (₹)₹16.22₹45.77₹20.72₹9.56₹13.05₹15.78₹0.39₹-11.42₹-7.36₹-15.07Sign in free for the trailing twelve months
Dividend payout %————0.0%12.7%518.8%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr
Reserves188 Cr276 Cr300 Cr309 Cr336 Cr369 Cr371 Cr349 Cr333 Cr304 Cr
Borrowings224 Cr226 Cr194 Cr170 Cr233 Cr217 Cr199 Cr202 Cr248 Cr186 Cr
Other liabilities209 Cr192 Cr226 Cr269 Cr267 Cr169 Cr190 Cr228 Cr240 Cr169 Cr
Total liabilities643 Cr716 Cr742 Cr770 Cr858 Cr778 Cr782 Cr801 Cr842 Cr680 Cr
Fixed assets (net)365 Cr371 Cr376 Cr457 Cr438 Cr431 Cr411 Cr470 Cr449 Cr363 Cr
CWIP8 Cr14 Cr14 Cr1 Cr2 Cr4 Cr16 Cr21 Cr27 Cr27 Cr
Investments2 Cr2 Cr2 Cr16 Cr16 Cr16 Cr16 Cr15 Cr16 Cr15 Cr
Loans & advances———9 Cr6 Cr7 Cr6 Cr6 Cr10 Cr9 Cr
Inventories75 Cr85 Cr89 Cr91 Cr97 Cr106 Cr98 Cr98 Cr131 Cr72 Cr
Trade receivables116 Cr121 Cr136 Cr81 Cr133 Cr97 Cr119 Cr118 Cr111 Cr103 Cr
Cash & bank5 Cr3 Cr2 Cr4 Cr32 Cr1 Cr0.46 Cr5 Cr8 Cr8 Cr
Other assets73 Cr120 Cr123 Cr110 Cr134 Cr117 Cr116 Cr67 Cr90 Cr84 Cr
Total assets643 Cr716 Cr742 Cr770 Cr858 Cr778 Cr782 Cr801 Cr842 Cr680 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity98 Cr78 Cr130 Cr128 Cr10 Cr81 Cr78 Cr39 Cr15 Cr120 Cr
Cash from investing-19 Cr-45 Cr-44 Cr-72 Cr-9 Cr-29 Cr-33 Cr-82 Cr-7 Cr32 Cr
Cash from financing-71 Cr-49 Cr-48 Cr-59 Cr31 Cr-83 Cr-9 Cr40 Cr-7 Cr-154 Cr
Net cash flow8 Cr-15 Cr38 Cr-3 Cr30 Cr-29 Cr41 Cr4 Cr2 Cr1 Cr
Free cash flow (OCF − Capex)77 Cr31 Cr84 Cr51 Cr-6 Cr49 Cr65 Cr-47 Cr5 Cr120 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.3%19.1%19.4%12.3%6.6%10.2%4.8%2.7%3.5%0.4%
ROE %17.0%33.9%14.2%6.4%8.1%8.9%0.2%-6.8%-4.6%-10.2%
Debtor days48525741714553605045
Inventory days84918711112611210410613468
Days payable139121139178186101136141135124
Cash conversion cycle-7224-271056202549-11
OCF / EBITDA %95.9%63.6%104.8%143.5%15.7%110.7%136.1%105.2%36.7%237.7%
OCF / EBITDA % (3 years)——87.7%100.0%95.9%95.8%86.0%118.2%98.1%136.4%
Debt / equity1.060.760.600.510.650.550.510.540.700.57
Current ratio0.680.710.730.600.860.810.720.820.920.98
Net debt / EBITDA2.141.821.541.873.032.973.465.336.023.51