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UCAL Limited
(UCAL)
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Rating:52Neutral
Price Target:
₹154.00
▲(33.91% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak financial performance driven by sustained recent losses and inconsistent free cash flow, despite positive operating cash flow and improving leverage. Technicals are a meaningful offset with strong momentum above major moving averages, though overextended momentum indicators add near-term risk. Valuation is also constrained because earnings are negative (negative P/E) and no dividend yield support is available.
Positive Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue recovery shows UCAL can regain business volume after a weak period. Sustained OEM production and product demand could support operating scale, although the rebound must be validated by more consistent future growth.
Negative Factors
Persistent Net Losses
Three consecutive years of losses indicate that revenue recovery has not translated into sustainable earnings. The largest FY2026 loss suggests cost, pricing, or product-mix pressures remain unresolved and could continue eroding financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue recovery shows UCAL can regain business volume after a weak period. Sustained OEM production and product demand could support operating scale, although the rebound must be validated by more consistent future growth.
Read all positive factors
UCAL Limited (UCAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.25B
Dividend Yield1.47%
Average Volume (3M)4.95K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth4.53%
EPS Growth-8.60%
CountryIN
Employees630
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)-9.71
Shares Outstanding22,113,625
10 Day Avg. Volume3,630
30 Day Avg. Volume4,949
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.55
Price to Sales (P/S)0.21
P/FCF Ratio1.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
UCAL Limited Business Overview & Revenue Model
Company Description
Established in 1985 and based in Chennai, India, UCAL Limited is a key player in the Indian automotive industry, specializing in the design and production of advanced fuel management systems. The company's comprehensive product range covers essent...
How the Company Makes Money
UCAL primarily makes money by manufacturing and selling automotive components to vehicle manufacturers (OEMs) and, where applicable, to the replacement/aftermarket. Its revenue model is largely product-sales driven: (1) OEM supply revenue from pro...
UCAL Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
47
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.46B | 8.38B | 7.97B | 7.19B | 8.20B | 7.74B |
| Gross Profit | 2.60B | 2.02B | 3.43B | 3.14B | 3.37B | 3.32B |
| EBITDA | 447.37M | 384.57M | 585.88M | 479.99M | 656.73M | 1.03B |
| Net Income | -214.77M | -333.23M | -162.80M | -252.59M | 8.53M | 348.86M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.80B | 8.42B | 8.01B | 7.82B | 7.78B |
| Cash, Cash Equivalents and Short-Term Investments | 385.91M | 385.91M | 81.70M | 48.21M | 4.58M | 11.96M |
| Total Debt | 0.00 | 1.86B | 3.12B | 2.68B | 2.24B | 2.45B |
| Total Liabilities | -3.26B | 3.54B | 4.88B | 4.30B | 3.89B | 3.86B |
| Stockholders Equity | 3.26B | 3.26B | 3.55B | 3.71B | 3.93B | 3.92B |
Cash Flow | ||||||
| Free Cash Flow | 266.52M | 906.95M | 47.58M | -494.80M | 431.02M | 489.21M |
| Operating Cash Flow | 462.85M | 1.20B | 146.10M | 389.48M | 781.78M | 805.42M |
| Investing Cash Flow | -175.83M | 323.10M | -69.31M | -821.31M | -331.64M | -294.57M |
| Financing Cash Flow | -253.51M | -1.54B | -68.50M | 399.14M | -88.73M | -826.13M |
UCAL Limited Technical Analysis
Positive
115.00
Price Trends
128.96
Positive
115.81
Positive
111.98
Positive
Market Momentum
6.04
Positive
56.26
Neutral
20.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UCAL, the sentiment is Positive. The current price of 115 is below the 20-day moving average (MA) of 146.58, below the 50-day MA of 128.96, and above the 200-day MA of 111.98, indicating a neutral trend. The MACD of 6.04 indicates Positive momentum. The RSI at 56.26 is Neutral, neither overbought nor oversold. The STOCH value of 20.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:UCAL.
UCAL Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹1.58B | 10.41 | ― | 0.99% | 24.00% | 125.67% | |
62 Neutral | ₹3.53B | 7.45 | ― | 1.02% | 10.74% | 899.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹2.96B | -1.59 | ― | 1.20% | -5.88% | -656.47% | |
55 Neutral | ₹2.18B | 139.83 | ― | ― | 12.84% | 94.63% | |
53 Neutral | ₹3.54B | 27.21 | ― | 0.44% | -2.76% | 32.15% | |
52 Neutral | ₹3.25B | -15.23 | ― | 1.47% | 4.53% | -8.60% |
* General Sector Average
IN:UCAL
UCAL Limited
145.00
6.75
4.88%
IN:BHARATGEAR
Bharat Gears Limited
101.40
5.73
5.99%
IN:ELGIRUBCO
Elgi Rubber Company Limited
62.82
-7.44
-10.59%
IN:KALYANIFRG
Kalyani Forge Limited
923.75
224.11
32.03%
IN:PPAP
PPAP Automotive Limited
245.30
38.12
18.40%
IN:SINTERCOM
Sintercom India Ltd.
83.90
-39.34
-31.92%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.