NSEI:URAVI

Stock Analysis Report

Uravi T and Wedge Lamps

Executive Summary

Uravi T and Wedge Lamps Limited manufactures and sells lamps and electrical components for various automobile manufacturers in India.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Share Price & News

How has Uravi T and Wedge Lamps's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

URAVI

1.1%

IN Auto Components

1.6%

IN Market


1 Year Return

n/a

URAVI

-26.6%

IN Auto Components

0.8%

IN Market

Return vs Industry: Insufficient data to determine how URAVI performed against the Indian Auto Components industry.

Return vs Market: Insufficient data to determine how URAVI performed against the Indian Market.


Shareholder returns

URAVIIndustryMarket
7 Day0%1.1%1.6%
30 Day-4.6%-2.5%1.5%
90 Day-7.5%-8.5%-3.3%
1 Yearn/a-25.9%-26.6%2.7%0.8%
3 Yearn/a-14.0%-16.1%22.0%16.0%
5 Yearn/a26.7%21.9%42.3%29.3%

Price Volatility Vs. Market

How volatile is Uravi T and Wedge Lamps's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Uravi T and Wedge Lamps undervalued compared to its fair value and its price relative to the market?

19.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate URAVI's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate URAVI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: URAVI is poor value based on its PE Ratio (19.9x) compared to the Auto Components industry average (12.9x).

PE vs Market: URAVI is poor value based on its PE Ratio (19.9x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate URAVI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: URAVI is overvalued based on its PB Ratio (2.7x) compared to the IN Auto Components industry average (1.3x).


Next Steps

Future Growth

How is Uravi T and Wedge Lamps forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: URAVI's forecast earnings growth (8.6% per year) is above the savings rate (7.6%).

Earnings vs Market: URAVI's earnings (8.6% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: URAVI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if URAVI's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if URAVI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if URAVI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Uravi T and Wedge Lamps performed over the past 5 years?

33.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: URAVI's earnings have grown significantly by 33% per year over the past 5 years.

Accelerating Growth: URAVI's earnings growth over the past year (4.3%) is below its 5-year average (33% per year).

Earnings vs Industry: URAVI earnings growth over the past year (4.3%) exceeded the Auto Components industry -4.3%.


Return on Equity

High ROE: URAVI's Return on Equity (13.5%) is considered low.


Return on Assets

ROA vs Industry: URAVI has a higher Return on Assets than the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: URAVI's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Uravi T and Wedge Lamps's financial position?


Financial Position Analysis

Short Term Liabilities: URAVI's short term assets (₹252.1M) exceeds its short term liabilities (₹171.1M)

Long Term Liabilities: URAVI's short term assets (252.1M) exceeds its long term liabilities (38.8M)


Debt to Equity History and Analysis

Debt Level: URAVI's debt to equity ratio (78.5%) is considered high

Reducing Debt: URAVI's debt to equity ratio has reduced from 243.7% to 78.5% over the past 5 years.

Debt Coverage: URAVI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: URAVI's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet

Inventory Level: URAVI has a high level of physical assets or inventory.

Debt Coverage by Assets: URAVI's debt is covered by short term assets (assets are 1.513440x debt).


Next Steps

Dividend

What is Uravi T and Wedge Lamps's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage1.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate URAVI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate URAVI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if URAVI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if URAVI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of URAVI's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Uravi T and Wedge Lamps's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average board tenure


CEO

Kaushik Gada (46yo)

0yrs

Tenure

₹2,580,000

Compensation

Mr. Kaushik Damji Gada serves as Chief Executive Officer of Uravi T and Wedge Lamps Ltd. Mr. Gada has been a Whole Time Director of Uravi T and Wedge Lamps Ltd. since July 26, 2017 and served as its Direct ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Kaushik's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Insufficient data to compare Kaushik's compensation with company performance.


Board Age and Tenure

2.9yrs

Average Tenure

45yo

Average Age

Experienced Board: URAVI's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Niraj Gada (50yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹4.79m
  • Kaushik Gada (46yo)

    Whole Time Director & CEO

    • Tenure: 0yrs
    • Compensation: ₹2.58m
  • Aditi Kamalakar

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹190.26k
  • Vilas Tari (57yo)

    Marketing Manager

    • Tenure: 0yrs

Board Members

  • Brijesh Aggarwal (44yo)

    Non-Executive Non-Independent Director

    • Tenure: 12.8yrs
  • Vidyut Shah (61yo)

    Non-Executive Independent Director

    • Tenure: 1.8yrs
  • Niraj Gada (50yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹4.79m
  • Kaushik Gada (46yo)

    Whole Time Director & CEO

    • Tenure: 0yrs
    • Compensation: ₹2.58m
  • Anant Aggarwal (20yo)

    Non-Executive Non-Independent Director

    • Tenure: 2.9yrs
  • Darshita Gandhi (33yo)

    Non-Executive Independent Director

    • Tenure: 1.8yrs

Company Information

Uravi T and Wedge Lamps Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Uravi T and Wedge Lamps Limited
  • Ticker: URAVI
  • Exchange: NSEI
  • Founded: 2004
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹571.725m
  • Shares outstanding: 5.50m
  • Website: https://www.uravilamps.com

Number of Employees


Location

  • Uravi T and Wedge Lamps Limited
  • Shop No. 329, Avior
  • Nirmal Galaxy
  • Mumbai
  • Maharashtra
  • 400080
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
URAVINSEI (National Stock Exchange of India)YesEquity SharesININRMar 2018

Biography

Uravi T and Wedge Lamps Limited manufactures and sells lamps and electrical components for various automobile manufacturers in India. The company provides incandescent and halogen head lamps; stop, tail, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:54
End of Day Share Price2019/10/11 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.