Integrated Filing — IndAS



General information about company
Scrip Code 500464
NSE Symbol UCAL
MSEI Symbol NOTLISTED
ISIN INE139B01016
Name of company UCAL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Automotive
Start date and time of board meeting 30-May-2025   10:00:00
End date and time of board meeting 30-May-2025   16:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2022-07-25
Indicate Company website link for updated RPT policy of the Company https://www.dropbox.com/scl/fo/9gkom8niefux02k9wu24r/ADZZjwVF8DsFZ8OI8hixniM/Policy/UCAL-Related-Party-Transactions-Policy.pdf?rlkey=ivucufto7jidys925xe2jihq2&dl=0
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Nodefault



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1501376000 5827983000
Other income 20742000 189905000
Total income 1522118000 6017888000
2 Expenses
(a) Cost of materials consumed 683949000 2857401000
(b) Purchases of stock-in-trade 120050000 613056000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 90773000 980000
(d) Employee benefit expense 220940000 841098000
(e) Finance costs 50150000 225361000
(f) Depreciation, depletion and amortisation expense 56245000 222728000
(f) Other Expenses
1 Other Expenses 280587000 955767000
Total other expenses 280587000 955767000
Total expenses 1502694000 5716391000
3 Total profit before exceptional items and tax 19424000 301497000
4 Exceptional items 0 0
5 Total profit before tax 19424000 301497000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 33414000 75460000
9 Total tax expenses 33414000 75460000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -13990000 226037000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -13990000 226037000
17 Other comprehensive income net of taxes -18378000 -18378000
18 Total Comprehensive Income for the period -32368000 207659000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 22114000 22114000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 3528344000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.63 10.22
Diluted earnings (loss) per share from continuing operations -0.63 10.22
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.63 10.22
Diluted earnings (loss) per share from continuing and discontinued operations -0.63 10.22
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1TheaboveAuditedFinancialResultsStandaloneandConsolidatedhavebeenreviewedandrecommendedbytheAuditCommitteeandapprovedbytheBoardofDirectorsattherespectivemeetingsheldonMay3020252ThecompanyoperatesonlyinonesegmentieAutomotiveComponentsAssuchreportingisdoneonsinglesegmentbasis3TheaboveAuditedFinancialResultsStandaloneandConsolidatedhavebeenpreparedinaccordancewiththerecognitionandmeasurementprinciplesofIndianAccountingStandardsIndASasnotifiedundertheCompaniesIndianAccountingStandardsRules2015andasamendedbyIndianAccountingStandardsAmendmentRules2023asspecifiedundersection133ofCompaniesAct20134Duringtheyear201718thecompanywroteoffRs285406LakhsofTradeReceivablesandRs1233779LakhsofloanreceivablefromUcalHoldingIncUSAPreviouslyAmtecPrecisionProductsIncawhollyownedsubsidiaryofUcalLimitedFurtherduringtheyear201920thecompanyprovidedRs10509lakhstowardsimpairmentinrespectofinvestmentsmadeinequitysharesinUcalHoldingIncUSAThecompanyisawaitingapprovalfromRBIforthesaidwriteoffs5ThenameoftheCompanyhaschangedfromUCALFuelSystemsLimitedtoUCALLIMITEDwiththeapprovaloftheRegistrarofCompaniesChennaiwitheffectfromJune2620236ThecompanyduringtheyearhasdisposedofaplantlocatedatGurugramconsistingoflandbuildingfurnitureandfittingsThenetgainonsaidsaleamountingtoRs151461LakhshasbeendisclosedasapartofOtherIncomeintheyeartodatestatementofProfitandloss7DuringtheyeartheCompanyallottedseniorsecuredunratedunlistedunsubordinatedredeemabletaxablepartlypaidupnonconvertible150NosDebentureshavingfacevalueofRs1000000PaiduptotheextentofRs999900perdebentureaggregatingtoRs149985000onJanuary302025carryinganinterestrateof1180%ThesedebentureswereissuedbywayofPrivatePlacementandfullysubscribedbytheinvestorTheDebenturesarerepayablewithin21monthsfromthedeemeddateofallotmentThepurposeofissueistomeettheworkingcapitalandcapexreqirements8ThefiguresforthequarterendedMarch312025andMarch312024representthebalancingfiguresbetweentheauditedfiguresinrespectofthefullfinancialyearandtheunauditedpublishedyeartodatefiguresuptothethirdquarterofthefinancialyearwhichweresubjectedtolimitedreview9Figuresforthepreviousperiodshavebeenregroupedwherevernecessarytoconformtothecurrentperiodsclassification n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 3241980000
Capital work-in-progress 261527000
Investment property 0
Goodwill 0
Other intangible assets 161193000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 1130716000
Trade receivables, non-current 0
Loans, non-current 25009000
Other non-current financial assets 0
Total non-current financial assets 1155725000
Deferred tax assets (net) 50752000
Other non-current assets 228065000
Total non-current assets 5099242000
2 Current assets
Inventories 565197000
Current financial asset
Current investments 0
Trade receivables, current 980017000
Cash and cash equivalents 76913000
Bank balance other than cash and cash equivalents 316625000
Loans, current 73998000
Other current financial assets 0
Total current financial assets 1447553000
Current tax assets (net) 0
Other current assets 84843000
Total current assets 2097593000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 7196835000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 221136000
Other equity 3528344000
Total equity attributable to owners of parent 3749480000
Non controlling interest
Total equity 3749480000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 877508000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 17186000
Total non-current financial liabilities 894694000
Provisions, non-current 68332000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 963026000
Current liabilities
Current financial liabilities
Borrowings, current 1103692000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 425743000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 711028000
Total Trade payable 1136771000
Other current financial liabilities 168022000
Total current financial liabilities 2408485000
Other current liabilities 57105000
Provisions, current 18739000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2484329000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 3447355000
Total equity and liabilites 7196835000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of Defined benefit Plans -24559000 -24559000
Total Amount of items that will not be reclassified to profit and loss -24559000 -24559000
2 Income tax relating to items that will not be reclassified to profit or loss -6181000 -6181000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -18378000 -18378000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 301497000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 225361000
Adjustments for decrease (increase) in inventories -81809000
Adjustments for decrease (increase) in trade receivables, current -217241000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -63482000
Adjustments for decrease (increase) in other non-current assets -38376000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -137557000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 31535000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 222728000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 13059000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current -53350000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 415000
Adjustments for interest income 10183000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -6987000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -151898000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -268615000
Net cash flows from (used in) operations 32882000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -9399000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 42281000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 251834000
Purchase of property, plant and equipment 220676000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 82000
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 415000
Interest received 10183000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 41838000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 149985000
Proceeds from borrowings 308215000
Repayments of borrowings 314303000
Payments of lease liabilities 0
Dividends paid 225361000
Interest paid 298957000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 339623000
Net cash flows from (used in) financing activities -40798000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 43321000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 43321000
Cash and cash equivalents cash flow statement at beginning of period 33592000
Cash and cash equivalents cash flow statement at end of period 76913000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 R.Subramanian and company LLP Yes 31-Jul-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 UCAL FUEL SYSTEMS LIMITED Ucal Polymer Industries Ltd Subsidiaries Purchase of goods or services 600000000 Approved 219622000 242216000 221969000
2 UCAL FUEL SYSTEMS LIMITED Ucal Polymer Industries Ltd Subsidiaries Sale of goods or services 1500000 Approved 455000 0 221969000
3 UCAL FUEL SYSTEMS LIMITED Ucal Polymer Industries Ltd Subsidiaries Any other transaction Rent 120000 Approved 60000 0 221969000
4 UCAL FUEL SYSTEMS LIMITED Ucal Polymer Industries Ltd Subsidiaries Sale of fixed assets 1500000 Approved 365000 0 221969000
5 UCAL FUEL SYSTEMS LIMITED Ucal Polymer Industries Ltd Subsidiaries Any other transaction Rent 15000000 Approved 7500000 0 221969000
6 UCAL FUEL SYSTEMS LIMITED UCAL RUBBER PRODUCTS Ltd Other related party Purchase of goods or services 200000000 Approved 30075000 20789000 22163000
7 UCAL FUEL SYSTEMS LIMITED Minica Services Private Limited Other related party Any other transaction Rent 38700000 Approved 12000000 8291000 20164000
8 UCAL FUEL SYSTEMS LIMITED RD Electrocircuits Pvt Ltd Other related party Purchase of goods or services 1800000000 Approved 314189000 141139000 70104000
9 UCAL FUEL SYSTEMS LIMITED RD Electrocircuits Pvt Ltd Other related party Any other transaction Consultancy fees 20000000 Approved 7500000 0 70104000
10 UCAL FUEL SYSTEMS LIMITED Avironix Private Limited Other related party Any other transaction Rent 78000 Approved 39000 1839000 1881000
11 UCAL FUEL SYSTEMS LIMITED Jayakar Krishnamurthy Promotor Remuneration Approved 15000000 0 0
12 UCAL FUEL SYSTEMS LIMITED Minica Services Private Limited Other related party Loan 80000000 Approved 0 80000000 80000000 Loan 0 Short term Inter-corporate deposit 0.1 1 year Unsecured Working capital
13 UCAL FUEL SYSTEMS LIMITED Southern Ceramics Private Limited Other related party Loan 50000000 Approved 0 50000000 50000000 Loan 0 Short term Inter-corporate deposit 0.1 1 year Unsecured Working capital
14 UCAL FUEL SYSTEMS LIMITED Minica Services Private Limited Other related party Any other transaction Interest provision for Loan Approved 3999000 0 0
15 UCAL FUEL SYSTEMS LIMITED Southern Ceramics Private Limited Other related party Any other transaction Interest provision for Loan Approved 2500000 0 0
Total value of transaction during the reporting period 613304000