CARE Ratings reaffirms A rating with stable outlook, bank limits enhanced
UNIVCABLES · price
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On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.4 pts more than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings reaffirmed UCL's rating at CARE A; Stable for long-term and CARE A1 for short-term bank facilities. Limits enhanced from Rs 65 cr to Rs 95 cr (LT/ST), Rs 1,205 cr to Rs 1,509 cr (LT), and Rs 1,800 cr to Rs 2,375 cr (ST). Revenue grew 25 percent YoY to Rs 3,026 cr in FY26 with margins at 8.7 percent. Order book of Rs 3,024 cr and pipeline of Rs 463 cr provide strong visibility.
Positive: rating reaffirmed with stable outlook and higher bank limits support growth, capex plans and working capital needs.