Universal Cables hits record revenue as board backs ₹73 cr upgrade
Revenue reached ₹3,023 cr in FY26, up 25.5%, while profit surged 68.5%. The company now plans to raise ₹200 cr via debentures.
— 2 earlier stories on Universal Cables Ltd. →What's new
- Annual revenue jumped 25.5% to ₹3,023 cr on higher volumes and better product mix.
- Net profit grew 68.5% to ₹96.5 cr; shareholders receive a dividend of ₹4.50 per share.
- Board approved a ₹73 cr upgrade for EHV cable plants and a ₹200 cr NCD issuance.
Why this matters
The company is pairing record earnings with aggressive capital allocation to lock in market share. Targeting the export market through EHV facility upgrades indicates management expects the current growth phase to continue.
What we're watching
- Execution timeline for the EHV facility technological upgrades.
- Cost and terms of the proposed ₹200 cr NCD issuance.
- Conversion rate of the ₹3,025 cr order book into future quarterly revenue.
The full read
Universal Cables closed FY26 with its strongest year yet. It delivered revenue of ₹3,023 crore and a net profit of ₹96.5 crore. The 25.5% rise in revenue and 68.5% surge in profit stem from higher volumes combined with a shift toward a higher-margin product mix. Management is funneling these gains back into operations. The board approved a ₹73 crore overhaul of the extra-high voltage cable plant, specifically aimed at improving export competitiveness. To fund further growth, the company also cleared a ₹200 crore issuance of non-convertible debentures. With an order book of ₹3,025 crore (including ₹495 crore of export contracts), the company is building significant visibility. For shareholders, the reward is a ₹4.50 per share dividend. These financials show clear momentum. The capital spending plans are a direct bet on maintaining that scale.
Questions answered
- What drove the company's performance in FY26?
- Universal Cables cited increased sales volumes and an improved product mix as the primary drivers for its record financial performance.
- How much debt is the company raising?
- The board has authorized the issuance of non-convertible debentures (NCDs) amounting to ₹200 crore to support growth.
- What is the status of the company's order book?
- At the close of the financial year, the order book stood at ₹3,025 crore, which includes ₹495 crore in export orders.
- What is the purpose of the ₹73 crore capital expenditure?
- The investment targets an upgrade for the company's extra-high voltage (EHV) cable facility to meet international quality standards and boost export competitiveness.
Story so far
All notes on UNIVCABLES →- 23 May 2026 · 10:50 PM IST Universal Cables hits record revenue as board backs ₹73 cr upgrade
- 3d ago Universal Cables reports annual profit jump of 68.5% to ₹96.53 crore
- 3d ago Universal Cables reports 68% profit growth on rising volumes