Fin Cascade

Prices as of 9 Oct 2026 close · Not investment advice

UFLEX Limited

NSE: UFLEXPackaging

Share price

₹621.70

+0.75% close of 9 Oct 2026

Market cap ₹4,476 CrP/E 6.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

62

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,476 Cr

P/E ratio

6.5

P/B ratio

0.6

ROCE

7.0%

ROE

4.3%

Dividend yield

0.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹701.8052-week low ₹334.35

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 10.4% over the past year, and 13.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 16.4% to 13.3% over the last four years.

Whether it grew faster than its sector

It grew 13.2% a year against a sector median of 10.6% — 2.6 percentage points faster.

Room to re-rate, or risk of de-rating

At 6.5× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 20.5×, across 5 companies. It is against its own five-year median of 10.5×, the 42nd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
UFLEX Limited — this one-17%/yr6.5×—
EPL Limited22%/yr18.1×₹0.82
AGI Greenpac Limited—13.7×—
TCPL Packaging Limited3%/yr30.8×₹10.3
Polyplex Corporation Limited-60%/yr20.5×—
Jindal Poly Films Limited-57%/yr48.2×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Packaging), it ranks 23 of 36 on returns, 11 of 35 on growth, 14 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 7.0% on capital, ahead of 36% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹5044 crore of cash from the business but spent ₹7644 crore on plant and equipment, ₹2600 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹4787 crore to ₹10152 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 253 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 56 days for its cash to waiting 12 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 38% and quarterly profit at Rs 423 crore against Rs 58 crore a year ago, with 35% growth now promised for the full year

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹5,366 Cr

Net profit

₹423 Cr

EPS

₹58.62

Earnings call transcript · 17 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹4,476 Cr
Prev close
₹621.70
52w High
₹724
52w Low
₹330
Enterprise value
₹13,556 Cr
Beta
1.2
Price CAGR 1y
16.0%
Price CAGR 3y
14.0%
Price CAGR 5y
1.0%
Price CAGR 10y
7.0%

Ratios

Return on assets
1.4%
PEG ratio
-0.4
P/E ratio
6.5
P/B ratio
0.6
EV / EBITDA
5.9
Industry P/E
17.4
ROCE
7.0%
ROCE 5y average
9.6%
ROE
4.3%
Debt / Equity
1.2
Interest coverage
1.5
Dividend yield
0.5%
ROE 3y average
4.0%
ROE last year
4.0%

Annual P&L

Annual revenue
₹15,401 Cr
Annual profit
₹317 Cr
Operating margin
12.0%
Net profit margin
2.1%
EBITDA margin
12.0%
Sales growth 3y
1.7%
Sales growth 5y
11.6%
Profit growth 3y
-17.0%
Profit growth 5y
-17.0%
EPS
₹43.9
Sales growth TTM
10.0%
Profit growth TTM
143.0%
Dividend payout
7.0%

Quarter P&L

Sales latest quarter
₹5,366 Cr
Profit latest quarter
₹423 Cr
YoY quarterly sales growth
37.6%
YoY quarterly profit growth
629.3%
OPM latest quarter
16.6%

Balance Sheet

Book Value
₹1,128
Face Value
₹10.0
Total debt
₹10,152 Cr
Total cash
₹1,072 Cr
Borrowings
₹10,152 Cr
Reserves / Equity
111.8

Cash Flow

Operating cash flow
₹992 Cr
Free cash flow
-₹1,050 Cr
FCF yield
-40.8%
Net cash flow
-₹82 Cr

Shareholding

Promoter holding
44.6%
FII holding
10.0%
DII holding
0.6%
Public holding
44.8%

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2583,3693,3093,4263,6543,8333,7353,8143,9013,8323,6124,0565,366
Expenses2,9752,9842,9783,0603,2453,4413,2813,4043,4473,4463,1763,4724,477
Material Cost2,3452,3662,2432,0542,2143,063
Change in Inventories-9.55-22562074-82
Purchases of Stock-in-Trade7.641115112021
Employee Cost354380394383400475
Other Expenses7047087347057631,000
Operating Profit284386332366408392454410454386436584889
OPM %8.71111011111012111210121417
Other Income-36220-64-319-149-7365132212983532
Exceptional items (within Other Income)7000-12-6.600
Interest135132140128162178174184199188193197216
Depreciation160164166165173173172176187189202209213
Profit before tax-373110-39-247-76-31173182893849213491
Tax %1242721030108217352926814
Net Profit-41663-67-271-98-65137169582736196423
EPS in Rs-588.77-9.31-38-14-8.9519238.033.735.012759
Diluted EPS in Rs238.033.735.012759

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,1306,3666,5056,8027,9577,4058,88913,12714,66313,36415,03615,40116,866
Expenses5,3955,5615,6305,9216,9696,3247,08510,95612,91311,97613,37513,54714,571
Material Cost9,3968,877
Change in Inventories-231128
Purchases of Stock-in-Trade8257
Employee Cost1,3501,557
Other Expenses2,7682,911
Operating Profit7358058748819881,0811,8042,1711,7491,3871,6621,8542,295
OPM %12131313121520171210111214
Other Income1838252219282371-21-745-5111104
Exceptional items (within Other Income)-178-19
Interest187176187197218225229322473536698777795
Depreciation279286318352381403456537599655695787813
Profit before tax2863823953544094811,1421,382656-549264400791
Tax %111711122323262027264018
Net Profit2563173513123153718441,099481-691142317682
EPS in Rs35434843435111715267-96204495
Diluted EPS in Rs2044
Dividend Payout %877554225-1157

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
9%
5 years
12%
3 years
2%
TTM
10%

Compounded profit growth

10 years
1%
5 years
-17%
3 years
-17%
TTM
143%

Stock price CAGR

10 years
7%
5 years
1%
3 years
14%
1 year
16%

Return on equity

10 years
8%
5 years
7%
3 years
4%
Last year
4%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital727272727272727272727272
Reserves2,9353,3763,5723,9074,2324,6255,4846,6247,4337,1537,3248,050
Borrowings2,2102,1392,1022,0792,1053,6264,0414,7875,7046,9478,35310,152
Other Liabilities1,2501,2171,4021,6291,5501,6932,2222,9593,2293,1763,6873,897
Minority Interest0
Total Liabilities6,4686,8047,1487,6887,96010,01611,82014,44116,43817,34819,43722,171
Fixed Assets3,2403,2553,3943,7663,7593,8085,0326,4177,7868,2238,7399,783
CWIP322294981962612,0071,5186714665387252,176
Investments138111768542199205212191170145116
Other Assets3,0583,2103,1803,6413,8984,0035,0657,1417,9948,4169,82810,096
Total Assets6,4686,8047,1487,6887,96010,01611,82014,44116,43817,34819,43722,171

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5018757796515538491,1747091,3838251,135992
Cash from Investing Activity-197-437-669-427-344-2,062-1,095-952-1,172-1,619-1,732-2,015
Cash from Financing Activity-319-242-202-205-2371,369134216292776678941
Net Cash Flow-15196-9219-27155214-28503-1880-82
Free Cash Flow30140618212170-1,22859-255105-809-591-1,050

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9085931049496999880949192
Inventory Days6364707263738986918410097
Days Payable72809810879901049285909099
Cash Conversion Cycle8068646878798392878810189
Working Capital Days232322363231455641362012
ROCE %9101091010151710687

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters454545454545454545454545
FIIs6.517.047.478.037.647.947.587.627.758.979.2010
DIIs0.680.690.700.720.590.520.520.520.520.520.520.59
Public484847474747474747464645
No. of Shareholders66,40963,36758,35253,07346,23946,64646,50344,97244,37243,32442,76743,889

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +11.4% (₹557.95 → ₹621.70)Brick size ₹25.36 (fixed)Bricks 23
₹400₹500₹622Dec '25Mar '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹621.70 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

57.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

9,080inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,00,08,325inr

2026-03-31

volume growth %

1.70pct

2026-06-30

News

News and filings about UFLEX Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Packaging
Classification
Capital Goods › Packaging
ISIN
INE516A01017

Business segments

  • Flexible Packaging Activities · 97%
  • Engineering Activities · 3%
  • Others (Unallocable) · -0%

Plants

  • Uflex Jammu plants (Bari Brahmana)
  • Uflex Noida plants
  • Uflex Sanand aseptic plant

News impact

Big market events that reach UFLEX Limited, and how the effect spreads.

Who it hits first

  • Plastic packaging converters UFLEX and SUPREMEIND and packaging-heavy food/FMCG names are named by the structural plastic-cost narrative, but near-term polymer feedstock is soft (Crude Brent -22.1% 1m), making the actual margin effect neutral-to-favourable rather than the headline's pressure.

Who may gain

  • Polymer converters (SUPREMEIND, UFLEX) benefit near-term from cheaper resin feedstock; recycled / sustainable-packaging plays benefit structurally from any regulatory cost push.

Along the supply chain

Downstream

Downstream packaging-dependent FMCG/food processors (BIKAJI, BAJAJCON, VADILALIND, HERITGFOOD) and converters (SUPREMEIND, UFLEX) see modestly LOWER packaging input costs near-term from the soft feedstock, easing rather than pressuring margins.

Upstream

Upstream polymer/resin producers (RELIANCE, GAIL petrochemicals) face SOFTER realizations as Brent (-22.1% 1m) and Chinese PE/PP oversupply weigh on resin spreads -- this is the genuine near-term pressure point, the opposite end from the consumer-cost headline.

Where demand moves

Business

Soft polymer feedstock lowers input cost for plastic converters and packaging-heavy FMCG/food firms; no business demand is created or destroyed by this event -- it is a cost-side, not a demand-side, story, so the chain runs feedstock -> converter margin -> packaged-goods margin, not order-book.

Capital

Low-conviction structural narrative implies minimal capital rotation; to the extent any flow occurs it favours quality converters (SUPREMEIND, near-zero debt) over weak-balance-sheet names (UFLEX, negative FCF), while upstream resin producers (RELIANCE/GAIL) face the genuine near-term spread headwind.

How it spreads across sectors

FMCG

Packaging is a small share of cost; soft feedstock is mildly positive for margins

Food Processing

Modest packaging margin item; net neutral given soft polymer prices

Plastics & Packaging

Structural cost narrative but soft near-term feedstock -> neutral-to-favourable for converters

codex additions

  • Petrochemicals & Polymer Resin Producers (RELIANCE, GAIL, ONGC): negative -- soft Brent/propylene + China oversupply compress resin spreads (the real pressure point)
  • Beverages & Dairy (VBL, HATSUN, DODLA): positive -- high PET/film packaging intensity, soft polymer eases margins
  • Paints/Adhesives (ASIANPAINT, PIDILITIND, BERGEPAINT): positive (small) -- petrochem-linked inputs softer
  • Pharma consumables (SUNPHARMA, CIPLA, DRREDDY): mixed/small -- blister/HDPE packaging relief diluted by API/FX
  • Agrochemicals (UPL, PIIND, SUMICHEM): mixed/small -- rigid-container relief vs soft chemical pricing
  • E-commerce/Logistics (ETERNAL, NYKAA, DELHIVERY): mixed/small -- mailer/film relief vs sustainability compliance
  • Alcoholic Beverages (UNITDSPR, UBL, RADICO): positive (small) -- secondary plastic packaging softer

Commodity angle

Commodity

Plastic / polymer resin basket (PE, PP, PVC, PET) -- fragmented Neo4j Commodity nodes

Note

Headline 'soaring plastic costs' is CONTRADICTED by the data: Crude Brent -22.1% 1m / -35.0% 3m (Neo4j), propylene falling, Chinese PE/PP oversupply (web-verified June 2026). The article is a structural feature on plastic ubiquity/regulation costs, not an acute price spike. Near-term effect on Indian polymer converters is a mild margin TAILWIND, not pressure -- hence the DEPENDS_ON_COMMODITY 'negative' edge convention (hurt when prices rise) inverts in the current falling-price window. margin_impact_bps left null because cost_weight_pct is null on all edges and polymer node prices are stale -- a fabricated bps would violate numeric grounding.

Prices status

Polymer/plastic Commodity nodes in Neo4j have NULL or stale (>60d) prices; using crude feedstock as the live proxy per Step 6.2 stale-price rule.

Proxy commodity

Crude Oil Brent

Shock type

structural input-cost narrative (headline); near-term feedstock actually soft (no acute price shock)

A pattern seen before

Cascade chain

  • Crude Brent -22% 1m -> naphtha/propylene soften -> PE/PP/PVC/PET resin prices ease -> plastic converters' input cost falls -> packaging-dependent FMCG/food margins mildly relieved (NOT pressured as the headline implies)

Pattern name

Crude Oil Cascade (petrochemical / plastics branch)

Sectors queried

  • Plastics & Packaging
  • FMCG
  • Food Processing
  • Petrochemicals
  • Capital Goods
  • Consumer Services

When it plays out

Immediate

Negligible price reaction expected -- MEDIUM structural narrative with no acute catalyst; feedstock direction (down) contradicts the headline.

Medium term

Structural driver is regulatory/EPR and recycled-content cost, not spot resin -- a slow margin/compliance drag over 1-6 months; sustainable-packaging capability becomes a differentiator.

Short term

Soft PE/PP/PVC resin prices (Chinese oversupply, falling propylene) modestly aid converter and packaging-heavy FMCG gross margins over 1-4 weeks; watch resin spot prices and BOPET film realizations.

Other sectors it reaches

  • {"causal_chain":"Soft Brent/propylene and China PE/PP oversupply weaken resin realizations; packaging users may get relief, but upstream polymer spreads and inventory gains compress.","direction":"negative","example_tickers":["RELIANCE","GAIL","ONGC"],"magnitude":"medium","notes":"More directly tied to the reality check than the article narrative; watch PE/PP spreads rather than headline packaging costs.","sector":"Petrochemicals \u0026 Polymer Resin Producers","time_horizon":"immediate"}
  • {"causal_chain":"Plastic pails, tubes, films and petrochemical-linked inputs affect packaging and raw-material baskets; soft feedstock can support gross margins despite structural packaging-cost concern.","direction":"positive","example_tickers":["ASIANPAINT","BERGEPAINT","PIDILITIND"],"magnitude":"small","notes":"Packaging is not the only cost driver, but polymer softness is directionally helpful.","sector":"Paints, Adhesives \u0026 Home Improvement Consumables","time_horizon":"1_to_4_weeks"}
  • {"causal_chain":"PET bottles, caps, multilayer pouches, shrink films and crates are meaningful recurring costs; falling polymers ease near-term margin pressure for high-volume packaged liquid categories.","direction":"positive","example_tickers":["VBL","HATSUN","DODLA"],"magnitude":"medium","notes":"Higher relevance than broad FMCG because packaging intensity per unit is high.","sector":"Beverages \u0026 Dairy","time_horizon":"1_to_4_weeks"}
  • {"causal_chain":"Blister packs, HDPE bottles, syringes, films and secondary packaging create polymer exposure; soft input costs can modestly aid margins, while compliance-grade packaging limits pass-through flexibility.","direction":"mixed","example_tickers":["SUNPHARMA","CIPLA","DRREDDY"],"magnitude":"small","notes":"Effect is diluted by APIs, US pricing, currency and regulatory factors.","sector":"Pharmaceuticals \u0026 Healthcare Consumables","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Rigid containers, drums, laminated sachets and bags are used for pesticides, fertilizers and seeds; soft polymers lower packaging cost, but weak petrochemical chain can also signal soft chemical pricing.","direction":"mixed","example_tickers":["UPL","PIIND","SUMICHEM"],"magnitude":"small","notes":"Seasonality and channel inventory can dominate the packaging effect.","sector":"Agrochemicals, Seeds \u0026 Crop Inputs","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Corrugated-plus-plastic mailers, bubble wrap, tapes, sachets and return packaging affect fulfillment costs; soft polymer prices help unit economics, while sustainability rules may raise longer-term compliance costs.","direction":"mixed","example_tickers":["ETERNAL","NYKAA","DELHIVERY"],"magnitude":"small","notes":"Packaging is operationally visible but usually smaller than delivery, discounts and warehousing costs.","sector":"E-commerce, Beauty Retail \u0026 Logistics","time_horizon":"1_to_6_months"}
  • {"causal_chain":"PET, caps, labels, shrink sleeves, secondary plastic packaging and logistics films affect packaged alcohol costs; lower polymer inputs can slightly support margins where pricing is regulated.","direction":"positive","example_tickers":["UNITDSPR","UBL","RADICO"],"magnitude":"small","notes":"Glass and ENA remain larger cost variables, but plastic-linked secondary packaging still ripples through.","sector":"Alcoholic Beverages","time_horizon":"1_to_4_weeks"}

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

25 Jun 2026unspecified₹3
1 Aug 2025unspecified₹3
30 Aug 2024unspecified₹1
4 Aug 2023unspecified₹3
18 Aug 2022unspecified₹3
8 Sep 2021unspecified₹2.5
9 Sep 2020unspecified₹2
24 Jul 2019unspecified₹2

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
22 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY4,76,336₹495.51
22 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL4,76,336₹495.87
22 Jul 2026ELIXIR WEALTH MANAGEMENT PRIVATE LIMITEDBUY3,89,497₹496.52
22 Jul 2026ELIXIR WEALTH MANAGEMENT PRIVATE LIMITEDSELL3,89,497₹497.75

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.