Synopsis:
Ultracab (India) Limited secured a Rs. 50 Crore purchase order from L&T Construction for supplying LT power and control cables.
This Penny Stock under Rs. 15, engaged in manufacturing and exporting high-quality electric wires and cables, including PVC wires, power cables, and telecommunication cables using advanced technology and modern machinery, jumped 5 percent after receiving a Rs. 50 Crore purchase order from Larsen & Toubro Limited.
With a market capitalization of Rs. 124.31 crores, the share of Ultracab (India) Limited has reached an intraday high of Rs. 10.44 per equity share, rising nearly 4.61 percent from its previous day’s close price of Rs. 9.98. Since then, the stock has retreated and is currently trading at Rs. 10.11 per equity share.
What is the News?
Ultracab (India) Limited has received a purchase order worth Rs. 50 Crores from Larsen & Toubro Limited (L&T Construction) for the supply of LT power and control cables.
The order includes the supply of PVC insulated flexible cables, PVC insulated heavy-duty armoured electric cables, and XLPE insulated armoured cables, totaling 63 line items. These supplies will cater to over 600 project sites, stores, regional offices, and factories across eight divisions of the L&T Group throughout India.
The order is related to an EPC project undertaken by the L&T Construction Division and will be executed within one year. This order is expected to boost Ultracab’s revenue and strengthen its position in the cable manufacturing industry.
Company Overview
Ultracab (India) Limited was established in 2007 and is engaged in manufacturing and exporting a wide range of electric wires and cables. The company uses advanced technology and state-of-the-art machinery to produce high-quality products, including PVC wires, power cables, telecommunication cables, and electronic cables, catering to both domestic and international markets.
The company operates a modern manufacturing facility in Shapar, Rajkot, Gujarat, and serves numerous government entities and major corporations in India. Ultracab is known for its reliability, durability, adherence to safety standards, and a strong national and global distribution network, ensuring timely delivery and customer satisfaction.
Recent quarter results
Coming into financial highlights, Ultracab (India) Limited’s revenue has increased from Rs. 53.69 crore in Q1 FY25 to Rs. 60.13 crore in Q1 FY26, which has grown by 11.99 percent. The net profit has decreased by 20.19 percent from Rs. 2.13 crore in Q1 FY25 to Rs. 1.70 crore in Q1 FY26.
Ultracab (India) Limited’s revenue and net profit have grown at a CAGR of 29.35 percent and 58.49 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 17.4 percent and 15.6 percent, respectively. Ultracab (India) Limited has an earnings per share (EPS) of Rs. 0.73, and its debt-to-equity ratio is 0.39x.
Written By – Nikhil Naik
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