Ultracab (India) (ULTRACAB) Share Price Falls 8.84% Today to Rs 8.97
- September 8, 2026
- Posted by: Harsh Piplani
- Category: News
Ultracab (India) Share Price fell to Rs 8.97 on 08 September 2026, down 8.84% for the day from the previous close of Rs 9.84. The move took the company’s market capitalisation to Rs 120.99 crore and placed the Micro Cap cable stock among notable decliners in the market snapshot.
The supplied data shows a session that weakened after the open. The stock opened at Rs 10.29, which also stood as the day’s high, and later fell to a low of Rs 8.86. With turnover at Rs 2.89 crore, the price action was meaningful relative to the company’s size, even though the dataset does not identify a company-specific trigger for the fall.
That leaves investors with a straightforward question: what does today’s decline look like when seen alongside valuation, profitability and industry positioning? The answer is mixed. On earnings valuation, the company is near the industry median. On profitability and scale, it trails larger cable peers by a clear margin.
Ultracab (India) (ULTRACAB) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 8.97 |
| Previous Close | Rs 9.84 |
| Today's Move | -Rs 0.87 (-8.84%) |
| Open | Rs 10.29 |
| High | Rs 10.29 |
| Low | Rs 8.86 |
| Turnover | Rs 2.89 crore |
| Market Capitalisation | Rs 120.99 crore |
| Market Cap Category | Micro Cap |
Intraday data points to a weak session structure. The stock started at Rs 10.29, never traded above that level, and then moved down to Rs 8.86 before being recorded at Rs 8.97. In other words, the opening print was also the high, while the last quoted level sat close to the day’s low.
That pattern often attracts attention because it suggests sellers remained in control through much of the session. The stock did not just close below the previous close; it also gave up the early premium implied by the open. For a Micro Cap counter, that combination can make the day’s movement stand out on price screens.
Turnover of Rs 2.89 crore adds context. While not enough by itself to explain the move, it indicates that the decline happened alongside active trading relative to the company’s Rs 120.99 crore market value. The data confirms the move, but it does not confirm a reason behind it.
Ultracab (India) (ULTRACAB) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 120.99 crore |
| P/E Ratio | 24.4x |
| P/B Ratio | 1.29x |
| ROE | 6.21% |
| ROCE | 8.39% |
| EPS | Rs 0.4 |
| Book Value Per Share | Rs 7.63 |
| Dividend Yield | 0% |
The fundamental picture is modest rather than extreme. The stock trades at a P/E ratio of 24.4 and a P/B ratio of 1.29. Return on equity stands at 6.21%, while return on capital employed is 8.39%.
EPS is Rs 0.4 and book value per share is Rs 7.63, placing the latest price only moderately above book value. Dividend yield is 0 based on the supplied figures. Taken together, these numbers do not show a richly rated business on book value, but they also do not show strong return ratios.
This matters because valuation multiples alone can be misleading in the cable segment. A company can look inexpensive on P/B or near-median on P/E, yet still trail peers on capital efficiency and profitability. That is the main balancing factor in the current data for Ultracab (India) Share Price.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Electricals |
| Industry | Cable |
| Benchmark Scope | same industry |
| Company P/E Ratio | 24.4x |
| Benchmark Median P/E | 25.13x |
| Benchmark Average P/E | 34.45x |
| Benchmark P/E Range | 1.08x to 166.58x |
| Company P/B Ratio | 1.29x |
| Benchmark Median P/B | 3.12x |
| Benchmark Average P/B | -7.7x |
| Company ROE | 6.21% |
| Benchmark Median ROE | 13.21% |
| Benchmark Average ROE | 5.07% |
| Company ROCE | 8.39% |
| Benchmark Median ROCE | 18.86% |
| Benchmark Average ROCE | 19.26% |
| Company Market Capitalisation | Rs 120.99 crore |
| Benchmark Median Market Cap | Rs 592.74 crore |
| Benchmark Average Market Cap | Rs 9,751.89 crore |
Ultracab operates in the Electricals sector within the Cable industry, and the benchmark set covers 32 same-industry companies. Against that sample, the company’s P/E of 24.4 is close to the median of 25.13 and below the average of 34.45.
The valuation picture on book value is lower than the sector midpoint. The company’s P/B of 1.29 is below the median P/B of 3.12. The reported average P/B for the group is -7.7, with a minimum of -407.14 and a maximum of 20.96, showing that outliers distort the average and make the median more useful for comparison.
Profitability is where the gap is more visible. ROE of 6.21% is below the industry median of 13.21%, though above the average of 5.07%. ROCE of 8.39% is below both the median of 18.86% and the average of 19.26%.
Scale is also well below the benchmark midpoint. A market cap of Rs 120.99 crore compares with a same-industry median of Rs 592.74 crore and an average of Rs 9,751.89 crore. So the stock’s current profile is that of a much smaller player trading around median earnings valuation but below-median profitability.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Polycab India | POLYCAB | 1,25,074.02 | 43.43 | 9.79 | 25.03 | 34.93 |
| KEI Industries | KEI | 46,366.29 | 45.03 | 6.47 | 14.77 | 20.23 |
| Sterlite Technologies | STLTECH | 38,551.05 | 166.58 | 10.58 | 2.73 | 8.38 |
| RR Kabel | RRKABEL | 27,723.29 | 44.45 | 9.73 | 20.83 | 28.43 |
| Diamond Power Infrastructure | DIACABS | 20,014.45 | 101.55 | 20.96 | 0 | 0 |
Peer data reinforces the same point. Ultracab is far smaller than leading listed cable companies and generally lower on return ratios than established peers such as Polycab India, KEI Industries and RR Kabel.
Polycab India shows P/E of 43.43, P/B of 9.79, ROE of 25.03% and ROCE of 34.93%, with market cap at Rs 1,25,074.02 crore. KEI Industries stands at P/E 45.03, P/B 6.47, ROE 14.77% and ROCE 20.23%, with market cap of Rs 46,366.29 crore. RR Kabel reports P/E 44.45, P/B 9.73, ROE 20.83% and ROCE 28.43%, with market cap at Rs 27,723.29 crore.
Sterlite Technologies has a very different valuation mix, with P/E of 166.58 and P/B of 10.58, while ROE is 2.73% and ROCE is 8.38%, almost identical to Ultracab’s 8.39% ROCE. Diamond Power Infrastructure trades at P/E 101.55 and P/B 20.96, with both ROE and ROCE at 0. Compared with this group, Ultracab (India) Share Price appears tied more to smaller scale and lower returns than to premium sector positioning.
Why Investors Are Watching Ultracab (India)
- The stock fell 8.84% in a single day to Rs 8.97.
- It opened at Rs 10.29, which was also the day’s high, and later moved down to Rs 8.86.
- Turnover reached Rs 2.89 crore despite the company’s Micro Cap size.
- P/E of 24.4 is close to the same-industry median of 25.13.
- ROE of 6.21% and ROCE of 8.39% remain below industry medians.
- Market cap of Rs 120.99 crore is well below larger listed cable peers.
About Ultracab (India)
The company is part of the Electricals sector and is classified under the Cable industry. Based on the supplied market data, it sits in the Micro Cap category with a market capitalisation of Rs 120.99 crore. That scale matters when its valuation and operating ratios are compared with much larger organised players in the same space.
Track Ultracab (India) Share Price on Univest
UseUltracab (India) (ULTRACAB) live share-price page,Univest top decliners screener,Univest market blogsto review live stock data, top decliners and related market analysis.
On Univest, readers can track Ultracab (India) Share Price through live quotes, market-cap changes and key ratios including P/E, P/B, ROE, ROCE, EPS, book value and dividend yield, along with sector and peer context.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Ultracab (India) Share Price fall today?
Ans. The supplied data confirms that the stock fell 8.84% to Rs 8.97 today, but it does not provide a confirmed company-specific catalyst. The session moved from a Rs 10.29 open to a Rs 8.86 low.
What is the latest Ultracab (India) Share Price today?
Ans. The latest supplied price is Rs 8.97. That is down Rs 0.87 from the previous close of Rs 9.84, equal to an 8.84% decline. The intraday range extended from Rs 8.86 to Rs 10.29.
What does today’s intraday movement show?
Ans. The stock opened at Rs 10.29, which was also the day’s high, and later fell to Rs 8.86 before being recorded at Rs 8.97. That points to a session that weakened after the open.
What is Ultracab (India)’s market capitalisation?
Ans. The company’s market capitalisation is Rs 120.99 crore based on the supplied data, placing it in the Micro Cap category. The company operates in the Electricals sector. Its P/E ratio is 24.4x.
Is the stock expensive on valuation?
Ans. Its P/E ratio is 24.4 versus the same-industry median of 25.13, while its P/B ratio is 1.29 versus a median of 3.12. That suggests valuation is closer to moderate than premium on the available data.
How profitable is Ultracab (India) versus its industry?
Ans. ROE is 6.21% and ROCE is 8.39%. ROE is below the industry median of 13.21%, and ROCE is below the industry median of 18.86%. The stock belongs to the Electricals sector.
What do EPS, book value and dividend yield show?
Ans. EPS stands at Rs 0.4, book value per share is Rs 7.63 and dividend yield is 0. These figures indicate modest earnings per share, price slightly above book value and no indicated yield in the dataset.
How does Ultracab compare with larger cable peers?
Ans. It is much smaller than peers such as Polycab India, KEI Industries and RR Kabel by market cap, and it trails those companies on ROE and ROCE. Its P/E of 24.4 is lower than the mid-40 multiples seen for several.
