Ultracab Share Price Target Tomorrow 2024 To 2030- Prediction, Market Overview

Ultracab (India) Ltd is a leading manufacturer of electrical cables and wires, catering to various industries such as power, construction, and telecommunications. Known for its high-quality products, the company offers a wide range of cables, including control, instrumentation, and power cables. Ultracab has established a strong reputation in both domestic and international markets, focusing on innovation and sustainability in its manufacturing processes. Ultracab Share Price on BOM as of 21 December 2024 is 17.10 INR. Here will provide you more details on Ultracab Share Price Target 2024, 2025, 2026 to 2030.

Ultracab (India) Ltd: Market Overview

• Open: ₹17.49
• High: ₹17.75
• Low: ₹17.00
• Previous Close: ₹17.26
• Volume: 250,789
• Value (Lacs): ₹42.88
• VWAP: ₹17.43
• P/E ratio: 20.44
• UC Limit: ₹20.52
• LC Limit: ₹13.68
• 52 Week High: ₹29.84
• 52 Week Low: ₹12.32
• Mkt Cap (Rs. Cr.): ₹163
• Face Value: ₹2

Ultracab (India) Ltd Competitors

As of December 2024, Ultracab (India) Ltd has a market capitalization of approximately ₹165 crore. Here are five peer companies in the cables and wires industry, along with their market capitalizations:

1. Diamond Power Infrastructure Ltd: Engaged in manufacturing and supplying power cables and conductors, with a market capitalization of approximately ₹8,653 crore.
2. DCX Systems Ltd: Specializes in manufacturing electronic sub-systems and cables, with a market capitalization of around ₹3,520 crore.
3. Precision Wires India Ltd: Focuses on manufacturing enameled copper wires and winding wires, with a market capitalization of approximately ₹1,000 crore.
4. Delton Cables Ltd: Engaged in manufacturing and supplying power cables and conductors, with a market capitalization of around ₹666 crore.

5. Plaza Wires Ltd: Specializes in manufacturing and supplying electrical wires and cables, with a market capitalization of approximately ₹1,000 crore.

Ultracab Share Price Chart

Ultracab Share Price Target Tomorrow 2024 To 2030

Ultracab Share Price Target 2024

Ultracab share price target 2024 Expected target could be ₹30. Here are 4 key factors that could affect the growth of Ultracab (India) Ltd’s share price target for 2024:

1. Demand for Electrical Cables and Wires: Ultracab’s growth is closely tied to the demand for electrical cables and wires, which is driven by infrastructure projects, residential and commercial construction, and the increasing adoption of renewable energy projects. The company’s performance will depend on the overall market demand in these sectors.
2. Raw Material Prices: The prices of raw materials such as copper and aluminum are crucial in determining Ultracab’s production costs. Volatility in the prices of these metals can impact margins and profitability, affecting the company’s financial performance and share price.
3. Technological Advancements: As the electrical industry evolves, Ultracab’s ability to innovate and adopt new technologies in the manufacturing of its cables could provide a competitive edge. Investments in improving production efficiency, quality, and sustainability could enhance growth prospects in 2024.

4. Regulatory Environment: Changes in government policies, regulations related to the power and infrastructure sectors, and trade tariffs on imports/exports could significantly affect Ultracab’s operations. Positive regulatory support for domestic manufacturers could boost the company’s growth, while unfavorable changes could pose challenges.

Ultracab Share Price Target 2025

Ultracab share price target 2025 Expected target could be ₹35. Here are 4 key factors that could affect the growth of Ultracab (India) Ltd’s share price target for 2025:

1. Expansion into New Markets: Ultracab’s growth prospects for 2025 will be influenced by its ability to expand its footprint into new geographical regions and customer segments. Increased market penetration, both domestically and internationally, could drive revenue and share price growth.
2. Sustainability Initiatives: With growing demand for environmentally friendly and energy-efficient solutions, Ultracab’s efforts to develop and market sustainable products (such as eco-friendly cables) will be a key growth driver. A strong focus on sustainability could enhance brand reputation and attract more customers.
3. Strategic Partnerships and Alliances: Collaborations with key players in the construction, renewable energy, and infrastructure sectors could open new business opportunities. Partnerships for large-scale projects would likely increase Ultracab’s market share and support growth in 2025.

4. Capacity Expansion and Operational Efficiency: Ultracab’s ability to scale production capacity and improve operational efficiency through better supply chain management, automation, and cost control will be crucial. Optimized operations and the ability to meet growing demand efficiently will positively impact the company’s financials and stock price.

Ultracab Share Price Target 2030

Ultracab share price target 2030 Expected target could be ₹60. Here are 4 risks and challenges that could impact Ultracab (India) Ltd’s share price target for 2030:

1. Raw Material Price Volatility: Ultracab relies on key raw materials like copper, aluminum, and PVC for its products. Fluctuations in the prices of these materials could increase production costs and reduce profitability, posing a risk to long-term growth.
2. Regulatory Changes: As the company operates in a highly regulated industry, any changes in government policies, such as stricter environmental regulations, trade restrictions, or tax laws, could impact operations, increase costs, or reduce market access, affecting share price performance.
3. Intense Competition: The electrical cable and wire industry is highly competitive, with both domestic and international players. Increasing competition, price wars, and the entry of new market players could reduce Ultracab’s market share and put pressure on margins, posing a challenge to achieving sustainable growth.

4. Economic Slowdowns: Economic downturns or slowdowns in key sectors like infrastructure, construction, and power generation could lead to reduced demand for Ultracab’s products. Prolonged economic challenges could impact the company’s revenues and profitability, potentially affecting its stock performance in the long run.

Ultracab (India) Ltd Shareholding Pattern

• Promoters: 27.9%
• Public: 72.1%

Ultracab (India) Ltd Financials

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