Universal Cables Limited (UNIVCABLES.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-179.6%

-₹981.93

vs ₹1,233.70 price

Levered DCF

-₹945.07

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.82×	19.38×	15.17×	10.53×	6.4×	7.04×	3.24×	5.81×
P/B	1.19×	0.98×	0.93×	0.83×	0.37×	0.42×	0.29×	0.79×
P/S	0.75×	0.71×	0.81×	0.57×	0.26×	0.37×	0.19×	0.56×
EV / EBITDA	9.23×	12.72×	13.01×	7.31×	6.27×	6.29×	3.85×	7.7×
Gross margin	19.4%	24.7%	26.8%	22.4%	22.5%	26.4%	28.6%	31.1%
Operating margin	7.3%	20.3%	22.0%	7.4%	5.5%	5.2%	9.2%	10.7%
Net margin	5.4%	3.7%	5.4%	5.4%	4.1%	5.2%	5.8%	9.6%
Current ratio	1.25×	1.6×	1.45×	1.62×	1.41×	1.27×	1.29×	1.4×
Debt / equity	0.62×	0.48×	0.43×	0.44×	0.54×	0.54×	0.63×	0.54×
Interest coverage	1.93×	4.75×	4.87×	1.68×	1.28×	1.06×	1.86×	2.43×
Dividend yield	0.6%	0.6%	0.6%	0.4%	0.7%	1.5%	2.8%	0.8%
Payout ratio	8.5%	11.5%	9.6%	4.4%	4.6%	10.3%	9.2%	4.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.6%	5.0%	6.1%	7.9%	5.8%	5.9%	9.1%	13.6%
Return on invested capital	4.8%	12.6%	11.5%	5.2%	3.4%	2.5%	4.9%	7.7%
Return on assets	3.8%	2.6%	3.3%	4.2%	2.7%	2.9%	4.1%	7.3%
Free cash flow yield	-14.1%	0.7%	-1.7%	9.3%	-6.7%	13.5%	-5.6%	-12.6%
Earnings yield	7.2%	5.2%	6.6%	9.5%	15.6%	14.2%	30.9%	17.2%
Enterprise value	₹34.3B	₹25.7B	₹24.1B	₹19B	₹11.7B	₹10.8B	₹9.1B	₹13.3B
Net debt / EBITDA	3.16×	4.16×	4.15×	2.52×	3.7×	3.53×	2.61×	3.12×
Cash conversion cycle (days)	116	151	178	158	168	217	180	176