Utkal Speciality Industries India Ltd
Incorporated on September 01, 2015, Utkal Speciality Industries India Limited is engaged
in the manufacturing of paper-based products and packaging materials.[1]
- Market Cap ₹ 92.0 Cr.
- Current Price ₹ 47.1
- High / Low ₹ 66.0 / 22.6
- Stock P/E 11.6
- Book Value ₹ 30.1
- Dividend Yield 0.00 %
- ROCE 27.0 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 45.90 | 43.90 | 48.62 | 55.28 | 62.06 | |
| Sales growth | -4.36% | +10.75% | +13.70% | +25.10% | |
| 41.61 | 37.66 | 39.36 | 44.52 | 50.78 | |
| Operating Profit | 4.29 | 6.24 | 9.26 | 10.76 | 11.28 |
| OPM % | 9.35% | 14.21% | 19.05% | 19.46% | 18.18% |
| 0.33 | 0.25 | 1.66 | 1.16 | 1.23 | |
| Interest | 1.17 | 1.50 | 1.61 | 1.59 | 1.32 |
| Depreciation | 0.48 | 0.58 | 0.52 | 0.54 | 0.57 |
| Profit before tax | 2.97 | 4.41 | 8.79 | 9.79 | 10.62 |
| Tax % | 25.59% | 26.53% | 23.89% | 25.43% | |
| 2.21 | 3.24 | 6.68 | 7.30 | 7.92 | |
| EPS in Rs | 2.76 | 3.48 | 4.67 | 5.10 | 4.79 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 4.00 | 4.65 | 14.30 | 14.30 | 19.53 |
| Reserves | 2.07 | 5.30 | 7.34 | 14.63 | 39.27 |
| 25.41 | 25.43 | 17.37 | 16.31 | 7.77 | |
| 3.79 | 2.23 | 5.03 | 4.55 | 4.32 | |
| Total Liabilities | 35.27 | 37.61 | 44.04 | 49.79 | 70.89 |
| 15.06 | 13.74 | 13.55 | 13.98 | 14.41 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.19 | 0.19 | 0.46 | 0.47 | 0.00 |
| 20.02 | 23.68 | 30.03 | 35.34 | 56.48 | |
| Total Assets | 35.27 | 37.61 | 44.04 | 49.79 | 70.89 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -4.55 | 0.64 | 2.87 | 1.62 | |
| -2.91 | -0.47 | -0.60 | -0.98 | |
| 7.52 | -0.10 | -2.34 | -0.63 | |
| Net Cash Flow | 0.06 | 0.06 | -0.07 | 0.01 |
| Free Cash Flow | -4.55 | 0.19 | 2.54 | 0.65 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -104% | 18% | 31% | 15% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 19.64 | 29.85 | 22.15 | 23.24 |
| Inventory Days | 155.65 | 202.63 | 245.27 | 249.53 |
| Days Payable | 3.95 | 0.52 | 12.81 | 3.72 |
| Cash Conversion Cycle | 171.34 | 231.95 | 254.60 | 269.05 |
| Working Capital Days | 36.50 | 68.68 | 112.01 | 140.24 |
| ROCE % | 17.68% | 27.96% | 27.01% |
Documents
Announcements
-
Monitoring Agency Report
- Submitted Monitoring Agency Report for quarter ended September 30, 2026; no deviation in utilisation.
-
Statement of deviation(s) or variation(s) under Reg. 32
- Half-year IPO fund use report shows no deviation; Rs 34.54 crore raised, Rs 18.39 crore utilized.
-
Outcome of Board Meeting
- Board approved H1 FY2026-27 results: profit ₹401.88 lakh, no IPO fund deviation, appointed auditors.
-
General Updates
- SMERA assigned Utkal Speciality Industries an SME 1 rating valid from November 2026 to November 2027.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended 30 September 2026.
Business Overview:[1]
USIIL is engaged in the manufacturing and supply of superior quality raw materials for
the pavv cup and paper plate industry, along with a diverse range of paper-based finished products catering to wholesale. retail. industrial and MSME customers. The company also undertakes customized printing (in bulk) solutions for paper cup blanks to meet specific customer requirements and has established an export presence in international markets.