Stock Price Movement and Market Context
On 22 Jan 2026, Ultracab (India) Ltd's share price reached Rs.7.82, its lowest level in the past year and also an all-time low. This price point reflects a substantial drop from its 52-week high of Rs.17.52, representing a decline of approximately 55.4%. Despite the broader market showing some resilience, with the Sensex opening higher at 82,459.66 and currently trading at 82,307.37, Ultracab's stock has not mirrored this positive momentum.
The Sensex itself is trading 4.68% below its 52-week high of 86,159.02 and has experienced a 4.03% decline over the past three weeks. However, mid-cap stocks have led gains recently, with the BSE Mid Cap index rising by 1.28% today. Ultracab, classified as a micro-cap within the Cables - Electricals sector, has notably underperformed these broader indices and sectoral trends.
Further technical analysis reveals that Ultracab is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward pressure on the stock price.
Financial Performance and Valuation Metrics
Ultracab's financial results have contributed to the subdued market sentiment. The company reported a Profit Before Tax (PBT) of Rs.1.81 crore in the latest quarter, reflecting a decline of 43.96% compared to the previous period. Similarly, the Profit After Tax (PAT) for the latest six months stood at Rs.3.22 crore, down by 30.72%. These figures highlight a contraction in profitability over recent periods.
Return on Capital Employed (ROCE) for the half-year is at 13.10%, which is relatively modest within the sector. Despite this, Ultracab maintains a very attractive valuation with an Enterprise Value to Capital Employed ratio of 1.1, suggesting that the stock is trading at a discount compared to its peers' historical averages.
Over the past year, while the stock price has declined by 47.11%, the company’s net sales have grown at an annual rate of 31.13%, and profits have increased marginally by 2.6%. This divergence between sales growth and stock performance indicates that market participants may be factoring in other concerns beyond top-line expansion.
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Long-Term Performance and Shareholding
Ultracab has consistently underperformed the benchmark indices over the last three years. The stock has generated negative returns of 47.11% in the past year, while the Sensex has delivered a positive return of 7.73% over the same period. Additionally, Ultracab has underperformed the BSE500 index in each of the last three annual periods, underscoring a pattern of relative weakness.
The company’s majority shareholders are non-institutional investors, which may influence liquidity and trading dynamics. Market capitalisation grading places Ultracab at a level 4, reflecting its micro-cap status and associated market characteristics.
Despite the challenges, Ultracab's net sales growth at an annual rate of 31.13% indicates a healthy expansion in business volumes, which contrasts with the subdued stock price performance.
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Sector and Market Position
Operating within the Cables - Electricals sector, Ultracab faces competition from peers with varying financial and market performance. The stock’s Mojo Score stands at 31.0, with a Mojo Grade recently downgraded from Hold to Sell on 6 Aug 2025, reflecting a reassessment of its market standing and outlook by rating agencies.
While the broader sector and mid-cap stocks have shown some resilience, Ultracab’s share price has not benefited from these trends. The stock’s day change was flat at 0.00%, indicating a lack of immediate buying interest despite the broader market’s modest gains.
Technical indicators, including the stock trading below all major moving averages, suggest continued caution among market participants.
Summary of Key Metrics
To summarise, Ultracab (India) Ltd’s key financial and market metrics as of 22 Jan 2026 are:
- New 52-week and all-time low price: Rs.7.82
- 52-week high price: Rs.17.52
- One-year stock return: -47.11%
- Sensex one-year return: +7.73%
- PBT latest quarter: Rs.1.81 crore, down 43.96%
- PAT latest six months: Rs.3.22 crore, down 30.72%
- ROCE (half-year): 13.10%
- Net sales annual growth rate: 31.13%
- Enterprise Value to Capital Employed: 1.1
- Mojo Score: 31.0 (Grade: Sell, downgraded from Hold on 6 Aug 2025)
- Market Cap Grade: 4
These figures illustrate a company experiencing significant stock price pressure despite some positive underlying sales growth, with profitability and returns metrics showing contraction.
Conclusion
Ultracab (India) Ltd’s fall to a 52-week low of Rs.7.82 reflects a continuation of its subdued market performance and challenges in profitability. The stock’s valuation metrics indicate it is trading at a discount relative to peers, yet the persistent decline in earnings and returns has weighed on investor sentiment. The company’s sales growth remains a positive aspect amid these trends, but the overall market response has been cautious, as evidenced by the stock’s position below all major moving averages and its downgrade to a Sell rating.
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