Uflex Ltd

Uflex Ltd

₹ 435 0.94%
23 Feb - close price
About

Uflex Ltd is a leading Indian multinational company which is engaged in the manufacturing and sale of flexible packaging products & offers a complete flexible packaging solution to its customers across the globe.[1]

Key Points

Flexible Packaging
Company manufactures a vast range of plastic flexible packaging products. Its product portfolio includes Biaxially Oriented Polyethylene Terephthalate (BOPET), Biaxially Oriented Polypropylene (BOPP) films, Cast Polypropylene (CPP) films, Printing and coating Inks, adhesives, facilities for Holography, Metallization & PVDC coating, Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation. [1]

  • Market Cap 3,139 Cr.
  • Current Price 435
  • High / Low 500 / 325
  • Stock P/E 93.1
  • Book Value 999
  • Dividend Yield 0.69 %
  • ROCE 10.4 %
  • ROE 8.26 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.44 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 14.0% over last 3 years.
  • Contingent liabilities of Rs.1,391 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,105 2,564 2,757 3,027 3,463 3,868 4,032 3,768 3,483 3,380 3,258 3,369 3,309
1,694 2,055 2,259 2,612 2,856 3,219 3,321 3,356 3,219 3,011 2,975 2,984 2,978
Operating Profit 411 509 498 416 608 649 711 412 264 370 284 386 332
OPM % 20% 20% 18% 14% 18% 17% 18% 11% 8% 11% 9% 11% 10%
6 8 5 9 11 47 14 81 -70 -52 -362 20 -64
Interest 57 60 63 75 86 98 105 105 133 130 135 132 140
Depreciation 116 120 127 135 135 140 144 146 144 166 160 164 166
Profit before tax 244 336 312 215 398 458 476 242 -83 22 -373 110 -39
Tax % 34% 21% 15% 20% 21% 23% 21% 21% -3% 96% -12% 42% -72%
160 265 264 171 314 351 375 191 -85 1 -416 63 -67
EPS in Rs 22.15 36.66 36.56 23.64 43.37 48.51 51.86 26.41 -11.83 0.12 -57.63 8.77 -9.31
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,494 5,137 5,826 6,130 6,366 6,505 6,802 7,957 7,405 8,889 13,127 14,663 13,317
3,832 4,484 5,137 5,395 5,561 5,630 5,921 6,969 6,324 7,085 10,956 12,913 11,947
Operating Profit 662 653 688 735 805 874 881 988 1,081 1,804 2,171 1,749 1,371
OPM % 15% 13% 12% 12% 13% 13% 13% 12% 15% 20% 17% 12% 10%
21 22 29 18 38 25 22 19 28 23 71 -21 -458
Interest 199 230 233 187 176 187 197 218 225 229 322 473 537
Depreciation 178 236 267 279 286 318 352 381 403 456 537 599 656
Profit before tax 305 209 217 286 382 395 354 409 481 1,142 1,382 656 -281
Tax % 17% 9% 7% 11% 17% 11% 12% 23% 23% 26% 20% 27%
254 190 202 256 317 351 312 315 371 844 1,099 481 -419
EPS in Rs 35.32 26.36 27.92 35.28 43.46 48.26 43.00 43.46 51.21 116.73 152.09 66.57 -58.05
Dividend Payout % 6% 9% 9% 8% 7% 7% 5% 5% 4% 2% 2% 5%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 26%
TTM: -12%
Compounded Profit Growth
10 Years: 12%
5 Years: 14%
3 Years: 17%
TTM: -96%
Stock Price CAGR
10 Years: 21%
5 Years: 16%
3 Years: 6%
1 Year: 2%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 14%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 72 72 72 72 72 72 72 72 72 72 72 72 72
Reserves 2,117 2,426 2,751 2,935 3,376 3,572 3,907 4,232 4,625 5,484 6,624 7,433 7,142
1,935 2,249 2,416 2,210 2,139 2,102 2,079 2,105 3,626 4,041 4,787 5,704 6,424
1,165 1,216 1,356 1,250 1,217 1,402 1,629 1,550 1,693 2,222 2,959 3,229 3,038
Total Liabilities 5,289 5,964 6,595 6,468 6,804 7,148 7,688 7,960 10,016 11,820 14,441 16,438 16,677
2,677 3,339 3,378 3,240 3,255 3,394 3,766 3,759 3,808 5,032 6,417 7,786 7,382
CWIP 291 38 74 32 229 498 196 261 2,007 1,518 671 466 916
Investments 96 102 126 138 111 76 85 42 199 205 212 191 187
2,224 2,485 3,017 3,058 3,210 3,180 3,641 3,898 4,003 5,065 7,141 7,994 8,192
Total Assets 5,289 5,964 6,595 6,468 6,804 7,148 7,688 7,960 10,016 11,820 14,441 16,438 16,677

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
753 541 331 501 875 779 651 553 849 1,174 709 1,383
-997 -531 -143 -197 -437 -669 -427 -344 -2,062 -1,095 -952 -1,172
134 -17 -143 -319 -242 -202 -205 -237 1,369 134 216 292
Net Cash Flow -110 -6 45 -15 196 -92 19 -27 155 214 -28 503

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 81 91 94 90 85 93 104 94 96 99 98 80
Inventory Days 54 53 60 63 64 70 72 63 73 89 86 91
Days Payable 76 81 86 72 80 98 108 79 90 104 92 85
Cash Conversion Cycle 59 62 69 80 68 64 68 78 79 83 92 87
Working Capital Days 48 51 59 71 64 64 74 72 77 94 98 91
ROCE % 14% 10% 9% 9% 10% 10% 9% 10% 10% 15% 17% 10%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.02% 44.02% 44.02% 44.02% 44.02% 44.58% 44.58% 44.58% 44.58% 44.58% 44.58% 44.58%
5.16% 5.18% 6.20% 6.42% 6.66% 7.09% 8.69% 8.34% 7.26% 7.14% 6.51% 7.04%
1.61% 1.61% 1.15% 1.08% 0.33% 0.18% 0.22% 0.25% 0.66% 0.66% 0.68% 0.69%
49.22% 49.19% 48.64% 48.48% 49.00% 48.15% 46.54% 46.84% 47.50% 47.62% 48.25% 47.70%
No. of Shareholders 41,92438,85152,81257,14756,62556,39155,22157,62661,97062,81766,40963,367

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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