Universal Cables Ltd(UNIVCABLES)

NSE: UNIVCABLESBSE: 504212

₹ 1,316.25-3.03%refreshed 23 Oct, 03:53 pm ISTMarket cap: ₹ 4,567 crNext results: 4 Nov 2026Website: www.unistar.co.inUpdated: 24 Oct 2026

About

Universal Cables Ltd manufactures power cables, wires and quality power solutions including extra-high-voltage (EHV) underground cables from plants at Satna and Goa. The company reported revenue of Rs 3,022.67 Cr in FY26. It serves demand driven by India's power transmission and distribution capex cycle, real estate, data centres and railways.^[1][2]

Products

Product portfolio spans EHV underground cables, MV cables, LV cables, insulated winding wires, building wires and multicore flexible cables.^[2]
The Satna facility is specifically cited as the source of EHV underground cables alongside power cables and wires.^[2]

Operations

Manufacturing operates from two facilities: Satna (Madhya Pradesh) and Goa, producing the full cable and wire range.^[2]
Ongoing and planned capacity augmentation at Satna and Goa covers MV cables, LV cables, insulated winding wires, building wires and multicore flexible cables.^[2]

Expansion and capex

The company is seeking to raise its borrowing limit from ₹3,500 Crores to ₹4,500 Crores to fund capex requirements, long-term financing and incremental working capital.^[3]
Capacity augmentation at Satna and Goa is expected to bolster growth in power cables, wires and quality power solution products.^[2]

Industry demand context

India's wire and cable industry is expected to grow at 2x GDP growth during FY2024 - 2030, driven by the power T&D capex cycle, real estate, data centres, EVs, railways and export penetration.^[2]
Revenue for power cables is estimated to rise at a CAGR of 14 - 15% until FY2034, outperforming other wire and cable sub-categories.^[2]
Goldman Sachs projects India will require over US$550 Billion in power T&D capex by FY2050, a structural demand driver for cables.^[2]

Recent developments

The board recommended a dividend of ₹4.50 per equity share of ₹10 face value (45%) for FY26.^[3]
In October 2025 the company transferred Rs 4,09,063.50 of unpaid/unclaimed dividend for FY2017 - 18 to IEPF, along with 99,414 equity shares transferred on 14 October 2025.^[3]

Market Cap

₹4,567 Cr

High / Low

₹1,770 / 577

Stock P/E

22.8

Price / Book

2.4

Book Value

₹545

EPS

₹47.0

No. of Shares

3.47 Cr

ROCE

11.7%

ROE

8.9%

OPM

8.2%

Debt / Equity

0.62

Sales

₹3,023 Cr

Net Profit

₹163 Cr

Promoter holding

61.9%

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