Ultracab (India) Limited, a leading manufacturer and exporter of high-quality electric wires and cables, has secured a Rs. 50 Crore purchase order from L&T Construction. The order is for the supply of LT power and control cables. Following the announcement of this order, the company’s stock, which is priced under Rs. 15, saw a 5 percent increase.
Ultracab (India) Limited, with a market capitalization of Rs. 124.31 crores, saw its share price reach an intraday high of Rs. 10.44 per equity share. This represents a rise of nearly 4.61 percent from its previous day’s closing price of Rs. 9.98. However, the stock has since retreated and is currently trading at Rs. 10.11 per equity share.
The order from Larsen & Toubro Limited (L&T Construction) 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 is expected to be executed within one year.
This order is anticipated to boost Ultracab’s revenue and strengthen its position in the cable manufacturing industry. Established in 2007, Ultracab (India) Limited operates a modern manufacturing facility in Shapar, Rajkot, Gujarat, and serves numerous government entities and major corporations in India. The company is known for its reliability, durability, adherence to safety standards, and a strong national and global distribution network.
In terms of 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, marking a growth of 11.99 percent. However, 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. Over the last five years, the company’s revenue and net profit have grown at a CAGR of 29.35 percent and 58.49 percent, respectively. 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.
