UCAL Limited, formerly known as UCAL Fuel Systems Limited until June 2023, is a prominent automotive component manufacturer incorporated in 1985 and based in Chennai, India. The Company is among the leading companies in Fuel Management and Emission Control Systems in the Automotive Industry in India. UCAL is a part of Carburettors Limited and serves as a supplier to Auto Majors and global OEMs of premium quality Carburettors and Fuel Management Systems, Emission control products, Pumps & Valves and Machined parts for critical applications in the Auto and Non-Auto space.
UCAL Limited has a market capitalisation of ₹341 Crores as of June 27, 2025. As per Value Research classification, it is a Small Cap company. The company's financial performance for FY25 presents a mixed picture with challenges in profitability despite revenue growth.
For the financial year ended March 31, 2025, UCAL reported sales of ₹802.29 crores, representing a growth of 10.94% compared to ₹723.15 crores in FY24. However, the company faced profitability challenges, with a net loss of ₹16.28 crores in FY25 compared to a net loss of ₹25.26 crores in FY24, showing improvement in loss reduction. The Board of Directors approved audited standalone and consolidated FY25 results on May 30, 2025, showing standalone profit of ₹22.60 crores but consolidated loss of ₹16.28 crores.
Quarterly performance for Q4 FY25 showed mixed results. Sales rose 12.33% to ₹198.90 crores in Q4 FY25 compared to ₹177.06 crores in Q4 FY24. However, the company reported a net loss of ₹20.58 crores in Q4 FY25 against a net loss of ₹18.05 crores in Q4 FY24.
• FY25 Consolidated Performance: Net Sales of ₹802.29 crores, Net Loss of ₹16.28 crores
• FY24 Consolidated Performance: Net Sales of ₹723.15 crores, Net Loss of ₹25.26 crores
• Q4 FY25 Consolidated Performance: Net Sales of ₹198.90 crores, Net Loss of ₹20.58 crores
• Q4 FY24 Consolidated Performance: Net Sales of ₹177.06 crores, Net Loss of ₹18.05 crores
• Market Capitalization: ₹341 Crores (as of June 2025)
• Promoter Holding: 70.28% (as of March 2025)
• Sales Growth (5 Years): 1.86%
• P/B Ratio: 0.96 times (as of June 27, 2025)
• Note: P/E ratio is not available due to negative TTM earnings.
UCAL Limited operates through an integrated manufacturing setup with comprehensive in-house capabilities. The company manufactures Automotive Electronics and mechatronic components and systems in an integrated setup, where the total die casting requirement of the company is developed in-house, and additionally has in-house machining, assembly and testing units.
The company's extensive product portfolio spans multiple automotive segments. In fuel systems and emission controls, UCAL offers mechanical carburetor, fuel injection systems, hydrocarbon doser, fuel rails, air suction valve, electric air suction valve, and electric purge valve, alongside automotive electronics such as ECU, fuel level sensor, DC DC converters, integrated sensor, CR controller, RR Unit, flasher, throttle position sensor, timers, relays and controllers, buzzer/hooter, ECU speed module, and reverse speed module. The company also provides pumps and valves comprising oil pump, variable pressure oil pump, variable displacement oil pump, vacuum pump, mechanical throttle body assembly, electric-vacuum pump, electric-coolant pump, electric-throttle body, water outlet, variable valve timing, and intake throttle valve, along with pressure die casting products and precision machined parts for automotive applications.
Beyond manufacturing, UCAL offers comprehensive engineering services which include analysis and benchmarking, design, drawing, and modelling, computational analysis and simulation, testing and validation, design for manufacturing, system calibration, and value addition/value engineering services. The company sells its products under the UCAL brand and also exports its products internationally.
Promoter holding in UCAL Limited stands at 70.28% as of March 2025, remaining unchanged from June 2024. The promoters of UCAL Limited include Jayakar Krishnamurthy, Ram Ramamurthy, S Balasubramanian, Priyadarshini Lakshminarayanan, I V Rao, S Narayan, and Sandhya Shekhar. The company employs 687 people and has its registered office at 11 B/2 (S.P), First Cross Road, Chennai, India, with fiscal year ending in March.
UCAL has been actively pursuing strategic initiatives to enhance its operational capabilities. The Board of Directors approved additional investment in M/s.Kandan Solar Power India Private Limited for group captive consumption during their meeting on May 30, 2025. This investment aligns with the company's focus on sustainable energy solutions for its manufacturing operations.
The company's stock performance shows volatility with mixed trends across different time horizons. UCAL's 52-week high share price is ₹252.15 and 52-week low is ₹122.60. Recent performance indicates the stock moved up 16.50% over the last 3 months and 37.02% over the last 3 years, though it declined 9.25% over the last 12 months.
UCAL Limited continues to navigate the challenging automotive industry landscape while focusing on its core competencies in fuel management systems and automotive electronics. The company's integrated manufacturing capabilities and comprehensive product portfolio position it to serve the evolving needs of the automotive sector, though profitability challenges remain a key area requiring management attention.
