UCAL Limited (UCAL) AI Stock Analysis

UCAL Limited

(NSE:UCAL)

Select Model

Rating:51Neutral

Price Target:INR 134.00▲(0.87% Upside)

Action:reiterated

Date:08/18/26

Weak financial performance from ongoing losses is the dominant factor; positive technical momentum offers partial support while poor valuation reflects unprofitability.

Positive Factors

FY2026 Revenue ReboundFY2026 revenue rose about 107% year over year after weaker FY2024 and modest FY2025 growth. The rebound restored top-line scale in the latest year, although its durability depends on whether growth becomes more consistent.

Negative Factors

Persistent Net LossesNet income deteriorated from a solid FY2022 profit to near break-even in FY2023 and losses in FY2024–FY2026, with FY2026 the largest loss. Persistent losses weaken earnings quality and can constrain internally funded growth.

UCAL Limited (UCAL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.92B
Dividend Yield: ―
Average Volume (3M): 3,139
Price to Earnings (P/E): -13.6
Beta (1Y): 0.91
Revenue Growth: 7.14%
EPS Growth: 64.31%
Country: India
Employees: 630
Sector: General
Sector Strength: 55
Industry: Auto - Parts

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 essential...

UCAL Limited Financial Statement Overview

Summary

Persistent losses, declining equity, and volatile cash flows offset by stable gross margins and operating cash flow rebound.

Income Statement

25Negative

Balance Sheet

35Negative

Cash Flow

45Neutral

Financial statement breakdown
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	6.87B
Gross Profit	2.60B	2.02B	3.43B	3.14B	3.37B	907.30M
EBITDA	447.37M	384.57M	585.88M	479.99M	656.73M	676.83M
Net Income	-214.77M	-333.23M	-162.80M	-252.59M	8.53M	288.60M
Balance Sheet
Total Assets	0	6.80B	8.42B	8.01B	7.82B	8.58B
Cash, Cash Equivalents and Short-Term Investments	385.91M	83.22M	81.70M	48.21M	4.58M	316.13M
Total Debt	0	1.86B	3.12B	2.68B	2.24B	3.01B
Total Liabilities	-3.26B	3.54B	4.88B	4.30B	3.89B	5.00B
Stockholders Equity	3.26B	3.26B	3.55B	3.71B	3.93B	3.58B
Cash Flow
Free Cash Flow	266.52M	906.95M	47.58M	-494.80M	431.02M	-58.00M
Operating Cash Flow	462.85M	906.95M	146.10M	389.48M	781.78M	104.70M
Investing Cash Flow	-175.83M	616.22M	-69.31M	-821.31M	-331.64M	-92.42M
Financing Cash Flow	-253.51M	-1.54B	-68.50M	399.14M	-88.73M	305.37M

UCAL Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price132.85

Price Trends

50DMA140.10Negative

100DMA128.32Positive

200DMA115.68Positive

Market Momentum

MACD-3.47Positive

RSI49.51Neutral

STOCH45.99Neutral

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 132.85 is below the 20-day moving average (MA) of 132.97, below the 50-day MA of 140.10, and above the 200-day MA of 115.68, indicating a neutral trend. The MACD of -3.47 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 45.99 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:UCAL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHARATGEAR	57Neutral	INR 1.47B	9.95	―	1.04%	21.67%	3972.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:UCAL	51Neutral	INR 2.94B	-13.60	―	―	7.14%	64.31%
IN:KALYANIFRG	48Neutral	INR 2.99B	23.92	―	0.49%	-2.76%	32.15%
IN:SINTERCOM	45Neutral	INR 2.19B	132.82	―	―	12.84%	95.53%
IN:PPAP	41Neutral	INR 2.93B	6.33	―	1.20%	10.74%	899.70%
IN:ELGIRUBCO	40Underperform	INR 2.46B	-1.24	―	―	-5.88%	-656.47%

* General Sector Average

Performance Comparison

IN:UCAL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:UCAL	UCAL Limited	132.85	4.95	3.87%
IN:BHARATGEAR	Bharat Gears Limited	96.00	-21.67	-18.42%
IN:ELGIRUBCO	Elgi Rubber Company Limited	49.16	-19.45	-28.35%
IN:KALYANIFRG	Kalyani Forge Limited	821.35	154.38	23.15%
IN:PPAP	PPAP Automotive Limited	207.30	-52.55	-20.22%
IN:SINTERCOM	Sintercom India Ltd.	79.69	-39.30	-33.03%

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.

Date of analysis: Aug 18, 2026

UCAL Limited AI Stock Analysis