Synopsis: Cable stock shares surged 14% after strong FY26 results, with revenue rising 25.5% and PAT jumping 82.5%. The company also announced a dividend of Rs. 4.50 per share and a Rs. 73 crore capex plan to upgrade EHV cable facilities, supporting long-term growth visibility.
The shares of this company are engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, and turnkey projects relating thereto and other types of wires and cables, conductors, etc are in the spotlight after it rose by 14 percent in today’s session following Q4 results.
With a market capitalisation of Rs. 3,945 cr, the shares of Universal Cables Ltd were trading at Rs. 1133.95 per share, jumping 14% in today’s market session, making a high of Rs. 1,156.50, up from its previous close of Rs. 1,010.05 per share.
Standalone Q4 FY26 Performance
The company reported a strong quarterly performance in Q4FY26, with revenue from operations rising 25% YoY to Rs. 840.27 crore compared to Rs. 674.03 crore in Q4FY25. EBITDA increased 20% to Rs. 78.55 crore from Rs. 65.69 crore, while PAT declined 19.5% to Rs. 21.75 crore from Rs. 27.01 crore, mainly due to higher finance costs and depreciation. On a sequential basis, profitability was supported by stable operational performance despite margin pressure.
FY26 Performance
For FY26, the company delivered a solid full-year performance with revenue from operations growing 25.5% YoY to Rs. 3,022.67 crore from Rs. 2,408.39 crore in FY25. EBITDA jumped 43% to Rs. 288.96 crore from Rs. 202.42 crore, reflecting improved operational efficiency. However, PAT increased 69% to Rs. 96.53 crore from Rs. 57.28 crore, supported by strong operating growth, even as higher finance costs and depreciation partially offset gains.
Consolidated Q4FY26 Performance
The company reported a strong quarterly performance in Q4FY26, with revenue from operations increasing 25% YoY to Rs. 840.27 crore compared to Rs. 674.03 crore in Q4 FY25. Profit before tax rose 18% to Rs. 76.60 crore from Rs. 64.95 crore, while PAT increased 11.3% to Rs. 55.32 crore from Rs. 49.69 crore, reflecting steady profit growth despite moderate margin pressure.
FY26 Performance
For FY26, the company delivered strong annual growth with revenue from operations rising 25.5% YoY to Rs. 3,022.67 crore from Rs. 2,408.39 crore in FY25. Profit before tax surged 85.1% to Rs. 217.40 crore from Rs. 117.46 crore, while PAT jumped 82.5% to Rs. 163.11 crore from Rs. 89.39 crore, driven by improved operating performance and stronger overall profitability.
Dividend
The company has recommended a dividend of Rs. 4.50 per equity share (45%) on its 3,46,95,381 fully paid-up equity shares of face value Rs. 10 each for FY26. The dividend is subject to approval by shareholders at the upcoming 81st Annual General Meeting (AGM).
Capex
The Board of Directors has approved a Rs. 73 crore investment to upgrade and modernise the company’s EHV Cable facility in Satna, Madhya Pradesh, alongside its ongoing Rs. 550 crore organic capacity expansion project.
The upgrade will focus on precision manufacturing and flexible production capabilities to meet evolving global quality, safety, and environmental standards. Once completed, the facility will be able to produce a wider range of domestic and international EHV cable specifications and improve capacity utilisation, although the overall production capacity will remain largely unchanged.
In conclusion, the expansion in EHV cable manufacturing, supported by ongoing capacity additions and a focused Rs. 73 crore modernisation plan, is expected to strengthen the company’s long-term growth outlook. While the upgrades may not significantly increase overall capacity, they enhance product flexibility, global quality compliance, and operational efficiency, which can improve export competitiveness.
Universal Cables Ltd is an Indian company engaged in the manufacturing of electrical cables and related power transmission products, with a strong focus on EHV (Extra High Voltage) cables. It caters to power utilities, infrastructure projects, and industrial sectors, both in domestic and international markets.
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