UCAL Limited (UCAL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹2.6B

Below-average quality, and screening another 68% overvalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (₹74.26). The favourable scenario is already priced in.
• Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹80.68 – ₹235.30 · fair‑value band ₹46.12 – ₹74.26 · the ₹143.33 price screens above the ₹46.12 fair value. Dashed = 300-day average. As of Aug 22, 2026.

Full chart & analysis →

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Analysis

UCAL Limited (UCAL) currently trades at ₹143.33, while our model-based Fair Value estimate is ₹46.12, implying the stock looks roughly 67.8% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, UCAL Limited generated revenue of ₹8.4B at a net margin of -4.0%. Revenue grew 17.4% year over year. It earns a return on equity of -9.8%. Net debt stands at ₹1.5B. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹46.12 (bear case) to ₹74.26 (bull case); at ₹143.33, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -68%, UCAL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹399.04) versus Earnings-Based (₹15.26). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

UCAL Limited engages in the manufacturers of fuel management systems for the automotive sector in India. The company offers air & fuel systems emission controls, powertrain, including fuel injection system parts, mechanical carburetor, mechanical throttle body assembly, intake throttle valve, electronic throttle body, hydro carbon doser, fuel rails, …

Full company description

UCAL Limited engages in the manufacturers of fuel management systems for the automotive sector in India. The company offers air & fuel systems emission controls, powertrain, including fuel injection system parts, mechanical carburetor, mechanical throttle body assembly, intake throttle valve, electronic throttle body, hydro carbon doser, fuel rails, electric air suction valve, electric purge valve, solenoid variable valve timing, and diesel fuel filter housing; pumps, such as oil pump, variable pressure oil pump, variable displacement oil pump, vacuum pump, electric vacuum pump, electric coolant pump, and electric oil pump. It also offers automotive electronics, including 3-in-1 sensors, t-map sensors, fuel level sensors, tyre pressure monitoring sensors, reverse parking sensors, hall / inductive sensors, CR controllers, timers, relays & controllers, DC DC converters, ecu speed modules, reverse speed modules, sound alerts (e-horn), indicators, ems services, and buzzer / hooter; manufacturing services, such as pressure die casting products, precision machined parts &, components for automotive, and applications; and built-to-print curated products, includes water outlet, and accelerated pedal sensors. In addition, the company offers 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. It also exports its products. The company was formerly known as UCAL Fuel Systems Limited and changed its name to UCAL Limited in June 2023. UCAL Limited was incorporated in 1985 and is based in Chennai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

UCAL Limited reported revenue of ₹8.4B in FY2026 versus ₹7.7B in FY2022, a compound +2.0%/yr. Reported net income was −₹333M in FY2026.

UCAL screens 68% overvalued. Compare with O'Reilly Automotive, Inc →

Peer Group

Auto Parts · 643 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Auto Parts median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.