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 ₹ 90.3 Cr.
- Current Price ₹ 46.2
- High / Low ₹ 66.0 / 22.6
- Stock P/E 12.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 27.0 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
Cons
* 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 | |
|---|---|---|---|---|
| 45.90 | 43.90 | 48.62 | 55.28 | |
| 41.61 | 37.66 | 39.36 | 44.52 | |
| Operating Profit | 4.29 | 6.24 | 9.26 | 10.76 |
| OPM % | 9.35% | 14.21% | 19.05% | 19.46% |
| 0.33 | 0.25 | 1.66 | 1.16 | |
| Interest | 1.17 | 1.50 | 1.61 | 1.59 |
| Depreciation | 0.48 | 0.58 | 0.52 | 0.54 |
| Profit before tax | 2.97 | 4.41 | 8.79 | 9.79 |
| Tax % | 25.59% | 26.53% | 23.89% | 25.43% |
| 2.21 | 3.24 | 6.68 | 7.30 | |
| EPS in Rs | 2.76 | 3.48 | 4.67 | 5.10 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 9% |
| 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 | |
|---|---|---|---|---|
| Equity Capital | 4.00 | 4.65 | 14.30 | 14.30 |
| Reserves | 2.07 | 5.30 | 7.34 | 14.63 |
| 25.41 | 25.43 | 17.37 | 16.31 | |
| 3.79 | 2.23 | 5.03 | 4.55 | |
| Total Liabilities | 35.27 | 37.61 | 44.04 | 49.79 |
| 15.06 | 13.74 | 13.55 | 13.98 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.19 | 0.19 | 0.46 | 0.47 |
| 20.02 | 23.68 | 30.03 | 35.34 | |
| Total Assets | 35.27 | 37.61 | 44.04 | 49.79 |
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
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended 30 September 2026.
-
Updates
- Utkal received building plan approval for Manufacturing Unit-II on October 7, 2026, covering 7,205.25 sq m.
-
Outcome of Board Meeting
- Board approved audited FY26 and half-year results with unmodified auditor opinion.
-
Updates
- NSE fined Utkal for delayed March 2026 audited results; board submitted comments and waiver request.
-
Updates
- Board approved audited financial results for half-year and year ended 31 March 2026; auditor issued unmodified opinion.
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.