Universus Photo Imagings Ltd
Incorporated in 2011, Universus Photo
Imagings Ltd manufactures X-Ray Films
and other assorted products[1]
- Market Cap ₹ 391 Cr.
- Current Price ₹ 357
- High / Low ₹ 518 / 176
- Stock P/E 15.5
- Book Value ₹ 606
- Dividend Yield 0.00 %
- ROCE 4.38 %
- ROE 3.45 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.59 times its book value
- Company's working capital requirements have reduced from 1,338 days to 109 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -17.0% over past five years.
- Company has a low return on equity of 3.01% over last 3 years.
- Earnings include an other income of Rs.30.4 Cr.
- Dividend payout has been low at 10.4% of profits over last 3 years
* 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
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 62 | 47 | 56 | 43 | 32 | 25 | 19 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 53 | 39 | 46 | 37 | 30 | 26 | 20 | |
| Operating Profit | 0 | 0 | 0 | -0 | -0 | -0 | 10 | 8 | 11 | 7 | 3 | -2 | -2 |
| OPM % | 15% | 17% | 19% | 15% | 8% | -7% | -9% | ||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 11 | 11 | 472 | 34 | 38 | 42 | 30 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | -0 | -0 | -0 | 20 | 19 | 482 | 40 | 40 | 40 | 29 |
| Tax % | 0% | 0% | 0% | 22% | 24% | 17% | 12% | 23% | 21% | ||||
| 0 | 0 | 0 | -0 | -0 | -0 | 16 | 14 | 400 | 35 | 31 | 32 | 25 | |
| EPS in Rs | 14.37 | 13.03 | 365.43 | 31.98 | 28.22 | 29.00 | 23.10 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -17% |
| 3 Years: | -24% |
| TTM: | -37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -62% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | -3% |
| 1 Year: | 91% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | -0 | -0 | -0 | -0 | -0 | -0 | 136 | 151 | 551 | 575 | 606 | 637 | 652 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 13 | 13 | 17 | 10 | 16 | 18 | 16 | |
| Total Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 160 | 174 | 579 | 596 | 633 | 666 | 680 |
| 0 | 0 | 0 | 0 | 0 | 0 | 10 | 9 | 5 | 4 | 4 | 4 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 109 | 155 | 375 | 389 | 428 | 652 | 541 |
| 0 | 0 | 0 | 0 | 0 | 0 | 41 | 10 | 199 | 203 | 200 | 10 | 135 | |
| Total Assets | 0 | 0 | 0 | 0 | 0 | 0 | 160 | 174 | 579 | 596 | 633 | 666 | 680 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | -0 | 0 | 120 | 9 | -84 | -8 | 4 | 184 | |
| 0 | 0 | 0 | 0 | 0 | 0 | -104 | -36 | 84 | 19 | -3 | -185 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 11 | 0 | 0 | -11 | 0 | 0 | |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 27 | -27 | -0 | -0 | 1 | -1 |
| Free Cash Flow | 0 | 0 | 0 | 0 | -0 | 0 | 110 | 9 | -76 | -8 | 4 | 184 |
| CFO/OP | 0% | 100% | 0% | 1,290% | 141% | -68% | 33% | 222% | -10,850% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 12 | 17 | 13 | 24 | 18 | ||||||
| Inventory Days | 65 | 64 | 137 | 150 | 107 | 121 | ||||||
| Days Payable | 16 | 15 | 12 | 11 | 7 | 12 | ||||||
| Cash Conversion Cycle | 64 | 61 | 142 | 152 | 123 | 127 | ||||||
| Working Capital Days | 59 | 56 | 1,235 | 1,688 | 2,216 | 109 | ||||||
| ROCE % | 0% | 0% | 0% | -200% | -200% | -200% | 25% | 12% | 130% | 1% | 6% | 4% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Installed Monthly Capacity (X-Ray and NTR Films) sqm |
|
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| Total Permanent Employees number |
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| Indian Market Size for Wet Films (Management Estimate) sqm per annum |
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Documents
Announcements
-
Announcement Under Regulation 30 Of SEBI(LODR)-Updates
27 Mar - Corporate office and books relocated to Vasant Kunj, New Delhi effective 1 April 2026.
-
Closure of Trading Window
25 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 16 Mar
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 13 Mar
Business Overview:[1]
UPIL is in the business of manufacturing,
selling, distributing, converting, and producing X-Ray films and NTR films in Matt and Glossy finish. NTR Films are used for photo albums, certificates, playing cards, Gift Cards, visiting cards, calendars, menu cards, wedding cards, and modeling portfolios. Company procures Jumbo Rolls of the X-Ray films and slits them into different sizes at its slitting and packaging unit.