top share, Universal Cables Limited: An investment of rs 1 lakh in the universal cables limited year ago turned to rs 2.95 lakh today

top share, Universal Cables Limited: An investment of rs 1 lakh in the universal cables limited year ago turned to rs 2.95 lakh today

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New Delhi: Shares of Universal Cables Limited rose from Rs 138.95 on May 12, 2022 to Rs 410.3 on May 13, 2023. This rally is an increase of about 195% in the last one year holding period. The company is a part of the S&P BSE Smallcap index and this stock has given multibagger returns during the last one year. If someone has invested Rs 1 lakh in this stock last year that after one year its value has reached 2.95 lakhs. In the recent quarter Q3FY23, on a consolidated basis, the company’s net profit increased by 356.51% YoY to Rs 11.21 crore as compared to the same quarter last year. The Net Sales of the company increased by 20.61% YoY to Rs.590.99 Crore from Rs.489.98 Crore.

The company is currently trading at a PE of 13.3X as against the trading PE of 22.4X. In FY23, the ROE and ROCE of the company stood at 6.17% and 9.44% respectively. The firm belongs to Group B shares and has a market valuation of Rs 1,439.86 crore. Today this stock opened at Rs 1600.50. The high of the stock was Rs 1640 and the minimum was Rs 1600.50. The stock’s 52-week high and low is Rs 1684.85 and Rs 433.50 respectively on BSE.

what does the company do

Universal Cables manufactures high-voltage capacitors, surge protection capacitors, and automatic power factor correction (APFC) panels. The company’s product range includes low voltage, medium voltage and extra high voltage cables, PVC and rubber insulated power cables and control and instrumentation cables and specialty rubber cables.

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