Ultra Wiring Connectivity Systems Ltd

Ultra Wiring Connectivity Systems Ltd

₹ 184 -1.99%
23 Dec - close price
About

Incorporated in 2005, Ultra Wiring Connectivity System Ltd manufactures and sells wipers, connectors, cable tie clips, and allied components[1]

Key Points

Product Profile:
a) Series of Connectors[1]
b) Bulb Holders[2]
c) Covers and Brackets[3]
d) Special Cable tie and clips[4]
e) Bobbin Spool[5]
f) Assorted Connectors[6]
g) Windshield Wiper Blades[7]
h) Automotive Fuses[8]

  • Market Cap 95.9 Cr.
  • Current Price 184
  • High / Low 200 / 83.1
  • Stock P/E 22.8
  • Book Value 44.2
  • Dividend Yield 0.00 %
  • ROCE 14.5 %
  • ROE 10.7 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 76.8 days to 46.2 days

Cons

  • Stock is trading at 4.17 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.6% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
9.31 8.78 9.68 6.76 14.23 14.12 15.34 26.30 18.03 23.51 18.39 33.06
8.37 8.02 8.70 5.97 13.03 12.97 13.78 23.34 16.66 20.74 16.80 27.20
Operating Profit 0.94 0.76 0.98 0.79 1.20 1.15 1.56 2.96 1.37 2.77 1.59 5.86
OPM % 10.10% 8.66% 10.12% 11.69% 8.43% 8.14% 10.17% 11.25% 7.60% 11.78% 8.65% 17.73%
0.10 0.08 0.10 0.08 0.25 0.11 0.09 0.03 0.07 0.01 0.04 0.01
Interest 0.16 0.20 0.11 0.18 0.16 0.15 0.14 0.18 0.31 0.26 0.23 0.27
Depreciation 0.19 0.17 0.24 0.28 0.31 0.32 0.34 0.40 0.52 0.57 0.53 0.52
Profit before tax 0.69 0.47 0.73 0.41 0.98 0.79 1.17 2.41 0.61 1.95 0.87 5.08
Tax % 36.23% 25.53% 26.03% 26.83% 38.78% 26.58% 22.22% 32.37% 3.28% 27.18% 37.93% 27.95%
0.44 0.35 0.54 0.30 0.61 0.59 0.92 1.63 0.60 1.42 0.53 3.67
EPS in Rs 0.85 0.67 1.04 0.58 1.17 1.13 1.77 3.13 1.15 2.73 1.02 7.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
8.84 9.07 14.96 17.72 19.88 18.46 20.98 29.46 44.33 41.91 51.45
8.40 8.57 13.60 15.60 17.93 16.71 18.97 26.72 39.99 37.55 44.00
Operating Profit 0.44 0.50 1.36 2.12 1.95 1.75 2.01 2.74 4.34 4.36 7.45
OPM % 4.98% 5.51% 9.09% 11.96% 9.81% 9.48% 9.58% 9.30% 9.79% 10.40% 14.48%
0.00 0.00 0.22 0.15 0.18 0.18 0.33 0.20 0.10 0.04 0.05
Interest 0.00 0.00 0.11 0.25 0.27 0.32 0.36 0.32 0.50 0.50 0.50
Depreciation 0.08 0.10 0.37 0.38 0.38 0.41 0.59 0.66 0.92 1.10 1.05
Profit before tax 0.36 0.40 1.10 1.64 1.48 1.20 1.39 1.96 3.02 2.81 5.95
Tax % 36.11% 62.50% 30.91% 27.44% 31.76% 26.67% 34.53% 23.47% 26.49% 30.60%
0.24 0.16 0.75 1.18 1.01 0.89 0.91 1.50 2.23 1.95 4.20
EPS in Rs 8.15 5.43 21.55 3.08 1.94 1.71 1.75 2.88 4.29 3.75 8.07
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 26%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 29%
TTM: 108%
Stock Price CAGR
10 Years: %
5 Years: 53%
3 Years: 82%
1 Year: 54%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 12%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.25 0.29 0.35 3.83 5.20 5.20 5.20 5.20 5.20 5.20 5.20
Reserves 1.56 2.01 4.45 2.15 6.60 7.44 8.34 9.85 12.07 14.02 17.79
0.92 1.13 3.67 3.39 5.04 4.98 4.39 3.83 5.12 5.78 6.16
4.73 4.75 6.78 9.07 6.64 7.54 10.61 11.35 13.53 16.71 18.61
Total Liabilities 7.46 8.18 15.25 18.44 23.48 25.16 28.54 30.23 35.92 41.71 47.76
2.04 2.44 5.42 5.57 5.65 8.39 10.47 10.53 12.75 18.15 21.14
CWIP 0.00 0.00 0.00 0.54 3.16 1.65 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.42 5.74 9.83 12.33 14.67 15.12 18.07 19.70 23.17 23.56 26.62
Total Assets 7.46 8.18 15.25 18.44 23.48 25.16 28.54 30.23 35.92 41.71 47.76

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.00 -0.32 1.65 1.65 0.93 2.19 1.07 2.13 7.20
0.00 0.00 -0.57 -0.92 -0.92 -1.46 -0.74 -0.52 -3.07 -6.46
0.00 0.00 0.46 -0.49 -0.49 -0.65 -0.93 -0.85 0.80 0.17
Net Cash Flow 0.00 0.00 -0.43 0.23 0.23 -1.18 0.52 -0.30 -0.14 0.92

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 190.35 185.92 211.78 214.22 192.60 239.05 230.34 176.92 149.19 141.61
Inventory Days 6.10 7.08 33.51 44.69 47.13 46.69 24.22 36.77
Days Payable 211.75 256.81 159.95 199.56 247.45 180.76 144.06 199.67
Cash Conversion Cycle 190.35 185.92 6.13 -35.52 66.16 84.18 30.02 42.86 29.36 -21.28
Working Capital Days 25.19 45.88 79.05 67.36 119.71 141.57 123.17 103.08 81.18 46.16
ROCE % 12.99% 21.08% 13.35% 8.82% 9.85% 12.39% 16.91% 14.52%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 73.56% 74.02% 74.13% 74.13% 74.13%
26.44% 26.45% 26.44% 26.45% 26.44% 26.45% 26.44% 26.44% 25.98% 25.87% 25.87% 25.87%
No. of Shareholders 170157153151142137137134130134142147

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