Universal Cables Ltd: CARE Ratings Reaffirmed at CARE A; Stable/CARE A1
RATING
▲ Positive Development
LOW RISK
📅 Filed on BSE: 13 Oct 2026, 03:33 PM IST · BSE ID: 4e227d7e-4c9a-4efa-a1ef-3c903adf15c6
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's creditworthiness for bank loans was confirmed, reflecting strong performance and increased borrowing limits.
🤖 AI Summary
- CARE Ratings reaffirmed Universal Cables' long-term bank facilities at CARE A; Stable.
- Short-term bank facilities rating reaffirmed at CARE A1 by CARE Ratings.
- Total bank facility limits increased to Rs. 4,014.00 Crores.
- FY26 revenue grew to ₹3,026 crore; profitability maintained at 8.7%.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Long-Term / Short-Term Bank Facilities (Enhanced)
Rs. 95.00 Crores
Long-Term Bank Facilities (Enhanced)
Rs. 1,509.00 Crores
Short-Term Bank Facilities (Enhanced)
Rs. 2,375.00 Crores
Total Bank Facilities (Enhanced)
Rs. 4,014.00 Crores
FY26 Revenue
₹3,026 crore
FY25 Revenue
₹2,414 crore
Order Book (September 2026)
₹3,000 crore
Orders in Pipeline (September 2026)
₹470 crore
FY26 Interest Coverage Ratio
2.3x
FY25 Interest Coverage Ratio
1.7x
🏢 How This Affects the Company
Sustained momentum in the Extra-High Voltage (EHV) cable business and a healthy order book of around ₹3,000 crore contribute to future revenue expectations.
Enhanced bank facilities total Rs. 4,014.00 Crores, indicating increased access to credit. Net leverage remained moderate at 3.6x in FY26.
The company maintains profitability through higher sales of margin-accretive EHV cables and a better product mix.
While credit ratings are stable, ratings remain constrained by working capital intensive operations and raw material price volatility.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this credit rating announcement.
👤
Who Is Affected
All shareholders are indirectly affected as the reaffirmation and enhancement of credit ratings can impact future borrowing costs and financial stability.
🔍
Management Signal
The reaffirmation signals management's confidence in the company's financial health and operational execution.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
FY27 quarterly results to confirm revenue and profitability trends.
Progress on the ₹720 crore capex plan from FY25-FY27.
Details on JV capex plan and its impact on group financial profile.
LOW RISK
Credit ratings reaffirmed with stable outlook; financial leverage is moderate.
💡 Investor Takeaway
Universal Cables Ltd's credit ratings reaffirmed at CARE A; Stable/CARE A1. FY26 revenue grew to ₹3,026 crore, profitability at 8.7%. Total bank facilities enhanced to Rs. 4,014.00 Crores.
⚖️ Strengths & Concerns
✅ Positives
- Revenue grew to ₹3,026 crore in FY26 from ₹2,414 crore in FY25, driven by volumes and EHV cable business.
- Profitability maintained at 8.7% in FY26 from 7.5% in FY25, supported by EHV cable sales and product mix.
⚠️ Concerns
- Net leverage at 3.6x in FY26, though interest coverage improved to 2.3x from 1.7x in FY25.
- Working capital intensive operations lead to high reliance on bank borrowings; debtor days improved but cycle remains elongated.
❓ Frequently Asked Questions
What are Universal Cables Ltd's reaffirmed credit ratings?
CARE Ratings reaffirmed Universal Cables Ltd's long-term bank facilities at CARE A; Stable and short-term bank facilities at CARE A1.
What is the total enhanced value of Universal Cables Ltd's bank facilities?
The total enhanced value of Universal Cables Ltd's bank facilities amounts to Rs. 4,014.00 Crores.
How did Universal Cables Ltd's revenue perform in FY26?
Universal Cables Ltd's revenue grew to ₹3,026 crore in FY26, compared to ₹2,414 crore in FY25.
What was Universal Cables Ltd's profitability in FY26?
Universal Cables Ltd maintained its profitability at 8.7% in FY26, an improvement from 7.5% in FY25.
What is the current order book size for Universal Cables Ltd?
As of September 2026, Universal Cables Ltd has a healthy order book in-hand of around ₹3,000 crore.
Questions based on this BSE filing only. For information purposes.