Ultracab India) Limited Eyes Strong Growth Momentum after 22.88 crore Order from Tata Power

During the current financial year, the company has received orders from leading corporates including Hindustan Zinc, HAL, and National Fertilisers among others.

- Nitesh Vaghasiya

Business Highlights

■ Company has rewarded its shareholders with two bonus issue and one stock split. In March 2022, the company has announced bonus issue of 1:2 and stock split from the face value of Rs 10 per share to Rs 2 per share. Also in September 2016, the company has issued bonus in the ratio 1:2.

■ Company has reported robust financials with a CAGR growth of 17 percent in sales and 59 percent in Net profit over the last 5 years.

■ Promoter & Promoter Group holds 62.12 percent stake in the company as on December 2022.

■ Share price of the company has reported a strong CAGR of 51 percent in the last three years - from Rs 7.5 per share to Rs 26.4 per share.

■ Company's launched its IPO on BSE SME platform in September 2014 and subsequently migrated to main board in January 2017.

■ The company's esteemed customers include Reliance Industries, Adani Group, Tata Power, Hindustan Zinc, Aditya Birla Group, Wipro, Godrej, Jindal Steel and Power, Power Grid, BHEL, Western Railway, BPCL, IOC, HPCL, Gujarat State Road Transport etc and many more.