Universal Cables Ltd. Share Price

Polycab and KEI report strong Q2FY27 revenue growth

Polycab India and KEI Industries have reported their Q2FY27 results amid a sharp correction in wires and cables stocks. Higher commodity realisations are boosting reported revenue across the industry. Polycab’s revenue grew 53% YoY, EBITDA rose 39%, and PAT increased 43%. Underlying volume growth remained in the mid-to-high single digits. KEI Industries reported revenue growth of around 39% YoY and EBITDA growth of 29%. Management expects over 10% volume growth for FY27 and margins of around 11%, compared with the earlier band of 11-12%. Polycab expects to grow at 1.5x the industry growth rate over the long term. KEI expects FY27 revenue growth close to 30% and over 20% CAGR over the medium term. The key triggers are the strong reported revenue growth at both companies, driven largely by higher commodity realisations, alongside moderate underlying volume growth. This supports near-term top-line momentum in the wires and cables space, though margin sustainability will depend on volume recovery and cost pass-through. Peers such as RR Kabel, Finolex Cables, and Universal Cables may face comparison on volume growth and margin trends. Near-term prices could remain volatile given the recent sharp correction in the sector, with results providing support on the top line. Risks include softer volume growth if demand moderates or sustained margin pressure from commodity volatility. Competitors listed: RR Kabel, Finolex Cables, Universal Cables

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Uncable manufactures power cables across LV, MV, HV and EHV

Strengths Strong positioning in EHV, HV and MV power cables, where technical approvals and execution capabilities create entry barriers. Q1 FY27 revenue rose 57.5% YoY to ₹945.06 Cr. Standalone EBITDA increased to ₹94.57 Cr, with margin at approximately 10.01%. Export revenue jumped approximately 187% YoY to ₹120.01 Cr, contributing 12.7% of revenue. Strong order visibility: pending order book was approximately ₹2,860 Cr as of July 1, 2026, including ₹485 Cr of export orders. Weaknesses Cable manufacturing is sensitive to copper, aluminium and other raw-material prices. Working-capital requirements can be high because of large project orders. Finance costs increased materially in Q1 FY27, reflecting higher funding requirements. Opportunities India's expanding power transmission & distribution infrastructure. Renewable-energy integration and grid modernisation should increase demand for HV/EHV cables. Rising electricity consumption from data centres, EV charging, metro rail and industrial projects. Export expansion provides an additional growth avenue. Higher EHV capacity can improve product mix and margins. Company is increasing its capacity-expansion programme from ₹550 Cr to approximately ₹617 Cr. The company is also modernising its Satna EHV facility with planned investment of approximately ₹74 Cr. Threats Competition from Polycab, KEI, RR Kabel, Finolex and other cable manufacturers. Raw-material price volatility can pressure margins if pass-through is delayed. Infrastructure/project execution delays. Commodity-price and currency volatility in export markets. Higher competitive intensity following new capacity additions in the cable industry; recent industry reporting notes Universal's EHV focus as a relative differentiator. Large capex programmes create execution and return-on-capital risks. Q1 FY27 Financial Snapshot

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Universal Cables Expands Beyond Wires Into Power Equipment

Universal Cables (

) is becoming more than a conventional wires and cables company as its Power Capacitor Division gains momentum alongside its core cable business. In Q1 FY27, the Power Capacitor Division recorded 63.1% YoY revenue growth, while the company's total order book stood at ₹2,860 crore as of July 1, 2026, including ₹485 crore of export orders. The company has also indicated a 25% revenue growth target for FY27. The interesting part is the change in business mix. Power capacitors are used across transmission, distribution and industrial power applications, giving Universal Cables exposure to the broader investment happening in India's electricity infrastructure. The company therefore offers a less obvious way to participate in the power-capex cycle. The opportunity is not only in cables, but also in the equipment required to make the power network more efficient and reliable.

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Stocks With Strong Future Guidance — Worth Tracking

• V-Marc • RR Kabel • Finolex • HFCL

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SWOT Analysis – Universal Cables Limited

Strengths Established brand and long industry experience in the power-cable and electrical equipment sector. Wide product portfolio, including power cables, control cables, instrumentation cables, and specialized cables. Strong presence in power transmission and distribution, benefiting from India's expanding electricity infrastructure. Technical manufacturing expertise and established production facilities. Diversified customer base, including utilities, infrastructure companies, industries, and government-related projects. Weaknesses Dependence on the power and infrastructure sectors, making demand sensitive to infrastructure investment cycles. Raw-material intensive business, particularly dependent on copper and aluminium prices. Working-capital requirements can be high because of inventory and project-related receivables. Strong competition can put pressure on selling prices and profit margins. Opportunities Growing investment in power transmission and distribution in India. Renewable energy expansion, including solar and wind projects, is increasing demand for power cables. Expansion of railways, metros, data centres, and industrial infrastructure creates additional demand for specialized cables. Export opportunities in emerging international markets. Smart grids and grid modernization can create demand for higher-value and technologically advanced cable products. Threats Intense competition from major cable manufacturers such as Polycab, KEI Industries, Havells, and other domestic and international players. Volatility in copper, aluminium, and other raw-material prices can affect profitability. Economic slowdown may delay infrastructure and power projects. Changes in government regulations and technical standards may increase compliance and manufacturing costs. Project delays and payment cycles in large infrastructure and government projects can affect cash flows.

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Universal Cables Shares Hit Record High After Strong Q1 Profit Growth

Universal Cables remained in focus today after reporting a strong 90% year-on-year increase in profit for the June quarter. The company recorded healthy revenue growth across its cables and power capacitor businesses. Its Power Capacitor Division delivered 63.10% revenue growth during the quarter. The company also indicated a target of around 25% revenue growth for FY27. Following the results, shares touched a fresh record high during today's trading session. Universal Cables manufactures power cables, wires and related electrical products for infrastructure and industrial applications. The company continues to expand its presence in the power transmission and distribution sector. Its latest quarterly performance has strengthened the company's financial momentum. The stock was among the notable small-cap companies in focus in today's market. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.

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