Umiya Mobile Limited

Consumer Cyclical — Specialty Retail · BSE

₹83.50+₹0.50 (+0.60%)

DalalBaazaar Score

69 / 100

🟢 Good

Verdict

REASONABLE

Risk

Moderate

Driven by negative free cash flow, micro-cap size, which brings thin liquidity.

In simple words: Strong business and financial position, with both sales and profits growing well. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:56 pm

Understanding the Business

Company site ↗

The 60-second version of Umiya Mobile Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Umiya Mobile Limited operates as a multi-brand mobile retail chain in India. It offers mobile, tablets, laptops, as well as accessories, such as smartwatch, soundbar, mobile adapters and cables, headphones, car chargers, and memory cards.

IndustrySpecialty Retail

SectorConsumer Cyclical

Employees31

Annual revenue₹830 Cr

How does it make money?

Turns over ₹830 Cr a year. Of every ₹100 of sales, about ₹1 reaches shareholders as profit, with ₹2 left at the operating level before interest, tax and depreciation. Each of its 31 employees supports ₹26.76 Cr of revenue a year, the signature of a capital- or asset-led business.

Revenue / employee₹26.76 Cr

Who are its competitors?

The closest listed comparisons in its industry are TRENT LTD, TITAN COMPANY LIMITED, AVENUE SUPERMARTS LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 13.9% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE25.9%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved +168% while net margin moved +1783% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+168%

Margin effect+1783%

DalalBaazaar Score

69/ 100

Good

Weighted across six categories. Every point is explained below.

✗ Micro Cap: thinner liquidity and sharper drawdowns are normal
✗ Profits have swung sharply from year to year — earnings are hard to forecast
✗ Negative free cash flow means dependence on external funding

Quality vs. Valuation

Company Quality

73/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

86/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

A good business currently available at an undemanding price — the combination this framework is built to look for.

Historical Valuation

Current P/E

11.8x

1.3Y Median

17.1x

16 monthly readings · mean 17.9x · range 11.5x–27.5x

Sector Median

69.9x

median of 3 sector peers

🟢Current valuation is approximately 31% below its 1.3y median of 17.1x. Cheaper than its own history, which is worth a reason too: the market may be pricing in something the backward-looking numbers do not show.

🟢Against its sector it trades 83% below the peer median of 69.9x.

vs. its own history

Cheap

17.1x median over 16 months · -31%

vs. sector peers

Cheap

69.9x median of 3 peers · -83%

vs. generic bands

Cheap

Below 15x

EV/EBITDA

7.8x

PEG

0.04

What's Good / What's Bad

🟢 What's Going Well6

Debt is being paid down
Total debt is down 56% over 3 years.
Cash flow has turned positive
Free cash flow moved from negative to positive over 3 years.
Return on equity is rising
ROE has improved from 3.1% to 19.0%.
Return on capital is rising
ROCE has improved from 8.0% to 13.9%.
Very low debt
Debt/Equity of 0.13x leaves the balance sheet with plenty of headroom.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 high

🔴Inventory building faster than salesFinancial
Inventory up 243% against revenue up 168% — stock may not be moving.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Deleveraging frees up earnings
Debt is down 56% over 3 years. Every rupee of interest not paid drops to the bottom line, so profit can grow even if revenue does not.
Priced below its own history
The stock trades 31% below its own median multiple. If the business performs as it has and simply re-rates back to normal, that gap is return on its own.
Cheaper than its peers
It trades 83% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
Self-funding with balance-sheet headroom
Positive free cash flow of ₹0 Cr alongside low debt means growth, buybacks or dividends need no outside money — and a downturn can be absorbed rather than refinanced.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 29% a year✓ 38.8% CAGR
Latest reported year was 52.6%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 0%✓ 1.9%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Free cash flow remains positive✓ ₹0 Cr
Profit that never becomes cash eventually stops being profit.
4Debt / EBITDA stays below 2x✓ 0.4x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
5ROCE stays above 11%✓ 13.9%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

8 / 11 checks passed

✓ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✗ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

6 good · 4 neutral · 1 weak

Market Cap

₹119 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

11.8x

Cheap

Cheap against the generic band

P/B Ratio

2.45x

Fair

Moderate premium to the company's book value

EPS (TTM)

₹7.09

Profitable

Profitable on a per-share basis

ROE

29.3%

Strong

Strong capital efficiency

ROCE

13.9%

Moderate

Moderate return on the capital in the business

Debt/Equity

0.13x

Low

Conservative leverage

Revenue Growth (YoY)

52.6%

Healthy

Healthy top-line growth

Profit Growth (YoY)

96.2%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

-₹57 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

ROA

-15.7%

Weak

Assets generate little profit

Operating Margin

-8.5%

Weak

Thin margins leave little room for error

Net Margin

1.1%

Weak

Very little revenue reaches the bottom line

Current Ratio

2.39

Comfortable

Healthy short-term liquidity

52W Range Position

53%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

79.7 / 67.1

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

44.0

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹310 Cr	₹420 Cr	₹554 Cr	₹830 Cr	+38.8%
EBITDA	₹2 Cr	₹6 Cr	₹10 Cr	₹16 Cr	+105.6%
EBITDA Margin	0.6%	1.3%	1.8%	1.9%	—
PAT (Net Profit)	₹0 Cr	₹2 Cr	₹6 Cr	₹9 Cr	+269.4%
EPS	₹0.13	₹1.65	₹3.87	—	—
ROE	3.1%	28.2%	38.5%	19.0%	—
ROCE	8.0%	19.9%	20.7%	13.9%	—
Total Debt	₹14 Cr	₹17 Cr	₹23 Cr	₹6 Cr	-23.7%
Free Cash Flow	-₹6 Cr	-₹8 Cr	-₹17 Cr	₹0 Cr	—

🟢 Revenue has grown at 38.8% a year over 3 years.

🟢 EBITDA has grown at 105.6% a year over 3 years.

🟢 EBITDA Margin has risen from 0.6% to 1.9% over 3 years (+1.3 pts).

🟢 PAT (Net Profit) has grown at 269.4% a year over 3 years.

🟢 ROE has risen from 3.1% to 19.0% over 3 years (+15.9 pts).

🟢 ROCE has risen from 8.0% to 13.9% over 3 years (+5.9 pts).

🟢 Total Debt has shrunk at 23.7% a year over 3 years.

🟢 Free Cash Flow has turned positive, from -₹6 Cr to ₹0 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹166 Cr

Total Liabilities

₹117 Cr

Cash & Equivalents

₹4 Cr

Operating Cash Flow

₹3 Cr

Capex

-₹3 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

77.1%

Peer Comparison

Company	P/E	ROE
TRENT LTD	87.2x	25.9%
TITAN COMPANY LIMITED	68.5x	36.7%
AVENUE SUPERMARTS LIMITED	69.9x	12.7%

Recent News

2 mixed4 general

Umiya Mobile opens 18 new stores, total count reaches 408

scanx.trade, 15 Oct

Umiya Mobile Lower Circuit Today: Price, Data and Peers

Univest, 08 Oct

Umiya Mobile Ltd Results 2025: Umiya Mobile Ltd Q4 Results & Revenue

INDmoney, 26 MayResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Umiya Mobile (BSE: 544464): Record FY26 and Earnings Quality

Kalkine India, 06 OctResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Umiya Mobile Ltd Peer Comparison – Compare with Others

Value Research, 30 Aug

Umiya Mobile Ltd Key Financial Ratios – Valuation, Profitability & More

Value Research, 30 Aug

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongFinancial Health · Growth · Profitability · Valuation

MiddlingBusiness Quality

WeakRisk

Points for each in the Score ↑

Attractive on both counts

A good business currently available at an undemanding price — the combination this framework exists to look for. The work left is qualitative: whether the advantage the numbers imply is one you can identify and expect to last. 1 high-severity red flag sits above this conclusion and should be read first.

All 5 tripwires holding · see Key things to watch ↑