Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ucal
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 186 | 184 | 174 | 187 | 177 | 187 | 213 | 203 | 199 | 195 | 211 | 199 | 233 |
| Expenses + | 182 | 176 | 159 | 176 | 174 | 172 | 194 | 194 | 203 | 184 | 196 | 191 | 231 |
| Operating Profit | 4 | 8 | 15 | 11 | 3 | 15 | 19 | 10 | -4 | 10 | 15 | 7 | 3 |
| OPM % | 2% | 4% | 9% | 6% | 2% | 8% | 9% | 5% | -2% | 5% | 7% | 4% | 1% |
| Other Income + | 3 | 2 | 2 | 4 | 3 | 2 | 2 | 15 | 3 | 3 | -0 | -1 | 2 |
| Interest | 5 | 6 | 7 | 5 | 6 | 9 | 8 | 7 | 6 | 8 | 8 | 8 | 6 |
| Depreciation | 10 | 9 | 10 | 10 | 5 | 10 | 10 | 11 | 10 | 10 | 9 | 9 | 9 |
| Profit before tax | -8 | -4 | -1 | 1 | -5 | -2 | 3 | 8 | -17 | -5 | -2 | -11 | -11 |
| Tax % | -16% | 10% | 145% | 229% | 300% | 54% | 82% | 19% | 19% | 26% | 118% | -8% | 17% |
| Net Profit + | -7 | -5 | -1 | -1 | -18 | -3 | 0 | 6 | -21 | -6 | -4 | -10 | -13 |
| EPS in Rs | -2.98 | -2.19 | -0.67 | -0.39 | -8.16 | -1.14 | 0.22 | 2.86 | -9.31 | -2.72 | -2.02 | -4.38 | -5.95 |
Financials of Ucal
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 737 | 723 | 791 | 820 | 870 | 732 | 687 | 782 | 823 | 723 | 802 | 838 |
| Expenses + | 648 | 646 | 688 | 697 | 745 | 643 | 620 | 710 | 766 | 684 | 763 | 803 |
| Operating Profit | 89 | 76 | 103 | 123 | 124 | 89 | 67 | 73 | 57 | 39 | 40 | 35 |
| OPM % | 12% | 11% | 13% | 15% | 14% | 12% | 10% | 9% | 7% | 5% | 5% | 4% |
| Other Income + | 9 | 8 | 10 | 7 | 6 | 12 | 13 | 31 | 9 | 10 | 22 | 3 |
| Interest | 31 | 27 | 28 | 26 | 27 | 27 | 28 | 23 | 22 | 24 | 30 | 30 |
| Depreciation | 34 | 34 | 34 | 30 | 30 | 40 | 40 | 41 | 38 | 33 | 41 | 37 |
| Profit before tax | 33 | 23 | 51 | 74 | 73 | 35 | 11 | 39 | 6 | -9 | -8 | -29 |
| Tax % | 26% | 33% | 30% | -37% | 37% | 40% | -162% | 11% | 87% | 185% | 93% | 17% |
| Net Profit + | 25 | 16 | 36 | 101 | 46 | 21 | 29 | 35 | 1 | -25 | -16 | -33 |
| EPS in Rs | 11.10 | 7.04 | 16.22 | 45.77 | 20.72 | 9.56 | 13.05 | 15.78 | 0.38 | -11.42 | -7.36 | -15.07 |
| Dividend Payout % | 18% | 50% | 31% | 22% | 43% | 0% | 15% | 13% | 520% | 0% | 0% | 0% |
Financials of Ucal
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 44 | 9 | 188 | 276 | 300 | 309 | 336 | 369 | 371 | 349 | 333 | 304 |
| Borrowings + | 317 | 294 | 255 | 260 | 230 | 220 | 274 | 223 | 205 | 268 | 312 | 186 |
| Other Liabilities + | 157 | 170 | 177 | 158 | 190 | 218 | 226 | 164 | 184 | 162 | 176 | 169 |
| Total Liabilities | 540 | 496 | 643 | 716 | 742 | 770 | 858 | 778 | 782 | 801 | 842 | 680 |
| Fixed Assets + | 271 | 255 | 388 | 399 | 420 | 510 | 484 | 473 | 449 | 503 | 478 | 387 |
| CWIP | 4 | 2 | 8 | 14 | 14 | 1 | 2 | 4 | 16 | 21 | 27 | 27 |
| Investments | 0 | 0 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 3 |
| Other Assets + | 266 | 239 | 246 | 301 | 306 | 257 | 369 | 299 | 314 | 274 | 334 | 264 |
| Total Assets | 540 | 496 | 643 | 716 | 742 | 770 | 858 | 778 | 782 | 801 | 842 | 680 |
Financials of Ucal
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 92 | 81 | 98 | 78 | 130 | 134 | 10 | 81 | 78 | 39 | 15 | |
| Cash from Investing Activity + | -12 | -14 | -24 | -45 | -45 | -61 | -11 | -27 | -28 | -74 | -7 | |
| Cash from Financing Activity + | -80 | -67 | -71 | -49 | -48 | -65 | 31 | -83 | -9 | 40 | -7 | |
| Net Cash Flow | -0 | -0 | 2 | -16 | 38 | 8 | 30 | -29 | 41 | 4 | 1 | |
| Free Cash Flow | 80 | 66 | 77 | 31 | 85 | 59 | -1 | 49 | 43 | -47 | 5 | |
| CFO/OP | 111% | 121% | 109% | 83% | 112% | 163% | 19% | 125% | 141% | 106% | 36% |
Financials of Ucal
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 52 | 53 | 54 | 57 | 41 | 71 | 45 | 53 | 60 | 50 | 45 |
| Inventory Days | 82 | 92 | 84 | 92 | 88 | 107 | 102 | 98 | 81 | 95 | 117 | 60 |
| Days Payable | 110 | 119 | 138 | 122 | 141 | 172 | 151 | 88 | 107 | 125 | 118 | 110 |
| Cash Conversion Cycle | 27 | 25 | -2 | 24 | 4 | -25 | 22 | 55 | 27 | 29 | 50 | -4 |
| Working Capital Days | -59 | -71 | -49 | -43 | -41 | -67 | -43 | -25 | -40 | -29 | -31 | -19 |
| ROCE % | 16% | 14% | 20% | 20% | 18% | 11% | 7% | 10% | 5% | 2% | 1% | 1% |
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