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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Investment Thesis
Uttar Pradesh electrical equipment manufacturer (est. 1959, NIC 31300) with zero publicly available data across all databases (Screener, ZaubaCorp, Tofler, BSE, web searches). The L-prefixed CIN indicates it was/is a listed entity. Likely dormant, wound up, or delisted from exchanges with no recent filings. Insufficient data for any assessment.
Pros
Cons
Business Segments
Electrical equipment manufacturing (NIC 31300) — Uttar Pradesh
Revenue Model
U.P. Electricals generates revenue through the manufacture and sale of transformers and electrical equipment, primarily to state electricity boards (SEBs), power distribution companies (DISCOMs), and industrial customers in Uttar Pradesh and neighboring states.
Detailed Analysis
Growth Plans
India's transformer demand is growing rapidly with grid expansion and renewable energy integration, potentially supporting order book recovery
Government's push for power sector modernization under RDSS (Revamped Distribution Sector Scheme) could benefit transformer manufacturers in UP
Industry Tailwinds
India's transformer demand is growing rapidly with grid expansion and renewable energy integration, potentially supporting order book recovery
Recent Developments
Comparable Companies
TRIL · ~3000 Cr
Frequently Asked Questions
About U.P. Electricals
U.P. Electricals Limited is a Lucknow-based electrical equipment manufacturer incorporated in 1959 in Uttar Pradesh. The company is listed on BSE with ISIN INE152F01011 and operates in the manufacture and supply of electrical equipment including transformers and related products for utilities and industrial clients. The company has a long history of serving India's power sector, particularly in the state of Uttar Pradesh. Electrical transformers and distribution equipment are critical infrastructure components for power transmission and distribution networks. UP Electricals has served state electricity boards and power utilities in North India for decades. As India's power sector undergoes significant transformation with renewable energy integration, grid modernization, and smart metering initiatives, companies with established transformer manufacturing capabilities are well-positioned for potential demand growth. The government's distribution sector reform programs (RDSS) are driving significant capital expenditure in power infrastructure.
Key Milestones
1959 — Incorporated in Uttar Pradesh as electrical equipment manufacturer (NIC 31300)
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Government's push for power sector modernization under RDSS (Revamped Distribution Sector Scheme) could benefit transformer manufacturers in UP
Industry Headwinds
Continued losses could erode the already thin book value further
Competition from large transformer manufacturers like BHEL, Transformers and Rectifiers India (TRIL), and Voltamp Transformers
Limited publicly available financial information
Source: Media Reports / Public Records
Small-cap with limited trading volumes
Source: Media Reports / Public Records
Government sector exposure brings payment delay risks
Source: AlphaHub Research
Current loss-making status (EPS -₹0.11) with a very low book value of ₹4.85/share raises questions about financial sustainability and retained earnings
Extremely thin trading history — lifetime high and low both at same price on a single date — suggests near-zero secondary market liquidity
P/BV of 35.6x for a loss-making company with a small book value indicates speculative pricing with no fundamental support
VOLTAMP · ~4000 Cr
BHEL · ~55000 Cr