Universus Photo Imagings Ltd
Incorporated in 2011, Universus Photo
Imagings Ltd manufactures X-Ray Films
and other assorted products[1]
- Market Cap ₹ 223 Cr.
- Current Price ₹ 204
- High / Low ₹ 334 / 174
- Stock P/E 8.31
- 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 0.32 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.30.8 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 | 20 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 53 | 39 | 46 | 37 | 30 | 26 | 22 | |
| Operating Profit | 0 | 0 | 0 | -0 | -0 | -0 | 10 | 8 | 11 | 7 | 3 | -2 | -2 |
| OPM % | 15% | 17% | 19% | 15% | 8% | -7% | -12% | ||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 11 | 11 | 472 | 34 | 38 | 42 | 31 | |
| 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 | 28 |
| Tax % | 0% | 0% | 0% | 22% | 24% | 17% | 12% | 23% | 21% | ||||
| 0 | 0 | 0 | -0 | -0 | -0 | 16 | 14 | 400 | 35 | 31 | 32 | 27 | |
| EPS in Rs | 14.37 | 13.03 | 365.43 | 31.98 | 28.22 | 29.00 | 24.52 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -17% |
| 3 Years: | -24% |
| TTM: | -39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -62% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -25% |
| 1 Year: | -4% |
| 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 |
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% |
Documents
Announcements
-
Monthly Reporting Regarding Request Received For Re-Lodgment Of Transfer Request Of Physical Form
13 Jan - No physical share re-lodgment requests received in December 2025, per RTA report.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jan
-
Closure of Trading Window
29 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after Q3/9M unaudited results for period ended Dec 31, 2025.
-
General Update
26 Dec 2025 - Board approved subscribing to rights issue to acquire 39.87% of JPF Netherlands B.V. at €3/share; completion ~1-2 months.
-
Monthly Reporting Regarding Request Received For Re-Lodgment Of Transfer Request Of Physical Form
23 Dec 2025 - No requests received for re-lodgment of physical-share transfer during November 2025, per RTA report under SEBI circular.
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.