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Uflex Ltd (UFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500148 NSE: UFLEX Packaging | Small Cap | Uflex Share Price

₹439.25 3.40 (0.78%)

As on 17-Jul'26 16:59

Uflex Ltd (UFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500148 NSE: UFLEX Packaging | Small Cap | Uflex Share Price

₹439.25 3.40 (0.78%)

As on 17-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,147 Cr.
Current Price
₹439.3
52-Week Low / High
₹333 / 610
TTM EPS
₹20.5
TTM Sales
₹7,778 Cr.
Book Value per Share
₹467.4
P/E Ratio
21.26
Higher than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
0.93
Lower than its 5-year historical median
Price to Sales (P/S)
0.40
Lower than its 5-year historical median
EV/EBITDA
7.28
In line with its 5-year historical median
Dividend Yield
0.68%
Profitability Efficiency
Return on Equity (ROE)
4.47%
Underperforms industry median
Return on Capital Employed (ROCE)
7.94%
Underperforms industry median
Return on Assets (ROA)
1.71%
Operating Profit Margin
11%
Net Profit Margin
1.9%
Gross Profit Margin
6.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.7%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.7%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.98%
Asset Quality
Promoter Holding
44.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,303 Cr.
Equity
₹72.2 Cr.
Face Value
₹10
All Time Low / High
₹6.00 / 859.90

Uflex stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Uflex Ltd a good quality company?
Uflex Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Uflex Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Uflex Ltd vs industry peers?
Uflex Ltd revenue CAGR is 13.67%, compared to the industry median CAGR of 1.27%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Uflex Ltd?
Promoters hold 44.58% of the Uflex Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Uflex Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Uflex Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10.6%7.5%6.8%10.1%14.1%10.5%10.3%8.3%9.4%7.9%-
Value Creation
Index
-0.2-0.5-0.5-0.30.0-0.3-0.3-0.4-0.3-0.4-

Growth Parameters

Sales 3,5423,7884,2214,0704,6335,6746,7796,6107,7257,7787,778
Sales YoY Gr.-6.9%11.4%-3.6%13.9%22.5%19.5%-2.5%16.9%0.7%-
Adj EPS 26.8147.313.332.130.833.522.329.622.420.5
YoY Gr.--47.9%-47.9%83%140.9%-4.1%8.7%-33.5%32.6%-24.2%-
BVPS (₹) 282.8293.3297.1312.9342.9371.4402421.5449.7467.4467.4
Adj Net
Profit
19410152.796.4232223242161213162148
Cash Flow from Ops. 251358470317575376238434519651-
Debt/CF from Ops. 4.9433.82.24.510.276.96.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.1%10.9%4.7%0.7%
Adj EPS -2%-7%-12.6%-24.2%
BVPS5.7%6.4%5.2%3.9%
Share Price 6.4% -3.7% 0.3% -27.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
9.94.92.54.49.88.68.75.46.84.94.4
Op. Profit
Mgn %
13.612.110.913.116.11110.610.910.81111.3
Net Profit
Mgn %
5.52.71.32.453.93.62.42.82.11.9
Debt to
Equity
0.60.70.70.50.50.60.811.11.20.7
Working Cap
Days
11913914114814614715317015317196
Cash Conv.
Cycle
3555606660617089838844

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,5423,7884,2214,0704,6335,6746,7796,6107,7257,778
Operating Expenses + 3,0613,3313,7623,5373,8925,0516,0645,8886,8886,927
Manufacturing Costs381394434436458550607655709734
Material Costs2,1112,3712,7142,4112,7083,7044,5634,2605,0285,036
Employee Cost 351390425462459507561619697751
Other Costs 217175189228266290333354454406
Operating Profit 481456459533741622715722837851
Operating Profit Margin (%) 13.6%12.0%10.9%13.1%16.0%11.0%10.5%10.9%10.8%10.9%
Other Income + 29202283255747489285
Exceptional Items 000000000-19
Interest 119144168173152155183256335378
Depreciation 188221240261260253262298320346
Profit Before Tax 20411173182354271317216274193
Tax 101021391244973555945
Profit After Tax 19410152143230222244161214148
PAT Margin (%) 5.5%2.7%1.2%3.5%5.0%3.9%3.6%2.4%2.8%1.9%
Adjusted EPS (₹)26.814.07.219.831.930.833.822.329.720.5
Dividend Payout Ratio (%)13.10%14.30%28%10.10%7.80%9.70%8.90%4.50%10.10%14.60%

Valuation of Uflex - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,0422,1182,1452,2602,4762,6822,9033,0443,2473,375
Share Capital 72727272727272727272
Reserves 1,9702,0462,0732,1872,4042,6102,8312,9713,1753,303
Debt +1,1161,2361,1341,1051,0311,4881,9612,5862,9903,445
Long Term Debt7197967206376391,0351,3691,6332,0062,266
Short Term Debt3984394134683914535929539841,180
Minority Interest0000000000
Trade Payables5496836386377681,0981,1128899671,020
Others Liabilities 3733914874196456199889661,0731,233
Total Liabilities 4,0804,4284,4044,4204,9205,8886,9647,4848,2779,074

Fixed Assets

Net Fixed Assets +1,4921,9551,9522,0061,9661,9972,7223,1822,9973,408
Gross Block2,9853,5283,7434,0304,1854,4145,2936,0086,0566,728
Accumulated Depreciation1,4931,5741,7912,0252,2192,4172,5712,8263,0593,320
CWIP 480174173297149527694349520
Investments 407415374462463466451442433420
Inventories325406388481512712848751878882
Trade Receivables9991,1291,1881,1141,3381,6942,0532,1442,3132,397
Cash Equivalents 122878567201164241431715517
Others Assets 255262243261369359374439591929
Total Assets 4,0804,4284,4044,4204,9205,8886,9647,4848,2779,074

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 251358470317575376238434519651
PBT 20411173182354271317216274193
Adjustment 299327391370452359412518568660
Changes in Working Capital -218-7919-206-206-169-408-223-263-169
Tax Paid -46-23-13-39-47-85-83-76-60-34
Cash Flow From Investing Activity + -508-337-184-109-292-681-679-559-451-1,028
Capex -612-360-236-138-317-697-709-555-431-1,051
Net Investments 00430031591011
Others 10423929251315-13-3012
Cash Flow From Financing Activity + 190-55-287-226-149268517314217179
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 16378-76-841103980264373260
Interest Paid -119-144-168-170-158-152-175-255-329-373
Dividend Paid -23-25-14-14-14-18-22-22-7-22
Others 16936-2942-8640714327180314
Net Cash Flow -68-35-1-18133-3677190285-198

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.94.852.426.519.738.628.735.416.824.47
ROCE (%)10.637.486.7910.1114.0710.5110.278.279.427.94
Asset Turnover Ratio1.181.031.051.021.091.141.120.981.070.98
PAT to CFO Conversion(x)1.293.549.042.222.51.690.982.72.434.4
Working Capital Days
Receivable Days72.408990.9093.7088.1090.2095.30108.3096.10101.40
Inventory Days24.3030.6031.2035.4035.7036.4039.7041.3035.1037.90
Payable Days91.2094.9088.8096.5094.709288.4085.7067.4072

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.224.224.224.222.362.520.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Uflex Ltd FAQs

The current trading price of Uflex on 17-Jul-2026 16:59 is ₹439.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Jul-2026 the market cap of Uflex stood at ₹3,147.3 Cr

The latest P/E ratio of Uflex as of 16-Jul-2026 is 21.26.

The latest P/B ratio of Uflex as of 16-Jul-2026 is 0.93.

The 52-week high of Uflex is ₹610.0 and the 52-week low is ₹333.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Uflex is ₹7,778 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Uflex Ltd is a below average quality company.

The key valuation ratios of Uflex Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Uflex Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Uflex Ltd

Uflex Ltd. is India's largest flexible packaging company and an emerging global player. Over the last three decades, it has earned an irreproachable reputation and defined the contours of the packaging industry in India and overseas. As a leading name among packaging solutions companies, it assists its customers in preserving freshness and maintaining shelf life of food products. Its efforts are always parallel to the avenue of quality innovation. Owing to this, today, it is recognized as a pre-eminent name amongst printing and packaging companies in India. Since its inception in 1985, it has turned into a multi-billion company by focusing on trust, value creation for customers, quality innovation and customer satisfaction. UFlex enjoys a global reach with unhindered speed making it truly multinational. Headquartered in Noida (National Capital Region, New Delhi) it has state-of the-art manufacturing facilities in India, UAE, Mexico, Poland, Egypt and USA.

Business area of the company

The Company is a leading Indian Multinational, engaged in the manufacture and sale of flexible packaging products & offers a complete flexible packaging solution to its customers across the globe.

Business Segments

PACKAGING FILMS - UFlex is India’s largest end to end flexible packaging solutions company that manufactures a wide variety of flexible packaging films and solutions like BOPP films, BOPET films, CPP film, Metalized films, AIOX coated films and Special Effects film for varied industry sectors across the world.

FLEXIBLE PACKAGING - UFlex is India’s largest flexible packaging company with headquarters in Noida, the National Capital Region of Delhi. With many manufacturing facilities, UFlex supplies to a majority of customers in India and also to multinational companies across the globe.

ASEPTIC LIQUID PACKAGING - The name 'Asepto' is derived from the word Aseptic which means 'Sterile.' With an earnest commitment of ‘Freshness Preserved,’ Asepto is the Aseptic Liquid Packaging business brand from the house of UFlex that provides liquid packaging solutions to various sectors across the world.

CHEMICALS - In line with global expectations of highly involved and demanding clients and consumers, UFlex Chemicals business is focusing on introducing eco-friendly, sustainable, food safe compliant Inks, adhesives & Coatings and biodegradable packaging solutions such as primers, barrier, gloss and heat-seal coatings which are ecofriendly with lower carbon footprint.

ENGINEERING - Engineering Business of UFlex established in 1985, has developed to be the manufacturing major for top of the line packaging, printing and allied machines. Its business success rests in its commitment to provide high-performance machines and customized solutions, meeting and exceeding global standards while reducing total cost of ownership.

CYLINDERS - UFlex Cylinder Business has an advanced manufacturing unit for the production of Rotogravure Printing Cylinders, Flexo Plates & Flexo Printing Sleeves that carry out the intaglio printing process, which involves engraving & transfer of the image onto an image carrier. The image is engraved on Cylinders/ Flexo plates. To manufacture these cylinders, It carry out the whole process right from the steel base, copper plating, surface finishing, digital engraving, chrome plating and to final proof print.

HOLOGRAPHY - UFlex is one of the world’s leading organizations providing anti-counterfeiting and brand protection solutions to its customers across the globe. The Holography Business of UFlex is aimed to develop, produce, and market products and solutions that offer brand enhancement, textile value addition & aesthetic packaging to various Government organizations and industry verticals globally. UFlex is Indian Banks' Association (IBA) certified security printer for printing MICR instruments.

Awards

  • 2019: UFlex adjudged ‘Packaging Company of the Year’ at 11th edition of PrintWeek India Awards 2019.
  • 2019: UFlex named ‘Aon Best Employer Company on Employee Experience’ in 2019.
  • 2020: Flexible Packaging Awards 2020 confers two Gold and one Silver award to FlexiTubes for Bio Creative Labs, USA in the categories of ‘Packaging Excellence’, ‘Expanding the Use of Flexible Packaging’ & ‘Technical Innovation’.
  • 2020: UFlex was ranked 188 in ‘Fortune India 500 Largest Corporations’ list.

Milestone

  • 1983 - Uflex Group of companies was formed. 
  • 1984 - Uflex Engineering was incorporated.
  • 1985 - FCL Technologies and Products was incorporated.
  • 1988 - Uflex was incorporated as Flex Industries, which is the largest manufacturer of polyester, polypropylene and metallized films in India today.
  • 1990 - Uflex Foods was formed for mushroom plantation.
  • 1994 - Company launched operation of first line for the production of BOPET films with an installed capacity of 20,000 TPA.
  • 1996 - Company commenced operation of second line for the production of BOPET films with an installed capacity of 20,000 TPA.
  • 1996 - The Company commenced the operation of the first line for production of BOPP films with an installed capacity of 20,000 TPA.
  • 1997 - Company commenced commercial production of Polyethylene Teraphthalate chips. 
  • 2001 - Uflex America was incorporated, located in North Carolina, U.S.A.which is a wholly owned subsidiary of Uflex.
  • 2002 - The company set up first metalliser with an installed capacity of 6,000 TPA.
  • 2003 - Cast Polypropylene film line was set up with a capacity to produce 6000 TPA produce CPP films. 
  • 2003 - The Company set up second metallizer with an installed capacity of 6000 MT/annum.
  • 2003 - The company set up operation of the second line for the production of BOPP Films with a capacity of 15000 MT/annum. 
  • 2004 - Company commenced the operation of the third line for the production of BOPET Films with an installed capacity of 20000 MT/annum. 
  • 2004 - It set up a third Metallizer with a capacity of 6000 TPA was installed in Jabel Ali Free Zone, UAE. 
  • 2005 - Company set up polyester line with an installed capacity of 20000 TPA located Jabel Ali Fee Zone, UAE.
  • 2005 - The Company set up fourth metallizer, with an installed capacity of 6000TPA.    
  • 2007 - Company launched the operation of 1.85mtr wide Thermal Lamination Machine for the production of Thermal Lam Bopp Film with a capacity of 3600 TPA. Company commenced the operation of fifth line, 8.7mts wide for the production of BOPET Films with a capacity of 25000 MT/annum. 
  • 2015 - Uflex Bags Silver Award For Flex Safepack At 27Th Dupont Awards For Packaging Innovation.
  • 2015 - Uflex Wins Make in India Award for Excellence.
  • 2016 - Uflex launches SSFL in Gujarat.
  • 2016 - Uflex honoured with CSR Leadership Award 2016.
  • 2016 - Uflex wins 2 awards in packaging.
  • 2016 - Uflex launches Extrusion Lamination Machine in India.
  • 2017 - Aseptic Liquid Packaging Plant commissioned in Sanand, India.
  • 2020 - Sets its foot into Russia with the start of a BOPET Film manufacturing plant in Stupino, Moscow region.
  • 2020 - UFlex has developed a Personal Protective Equipment (PPE) Coverall 'Flex Protect' in joint collaboration with IIT-Delhi and INMAS, DRDO, Delhi.
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