MoneyWorks4Me

Uflex Ltd (UFLEX)

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

₹654.95 -18.90 (-2.80%)

As on 11-Sep'26 15:50

Uflex Ltd (UFLEX)

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

₹654.95 -18.90 (-2.80%)

As on 11-Sep'26 15:50

Key Metrics
Valuation Multiples
Market Cap
₹4,866 Cr.
Current Price
₹655
52-Week Low / High
₹333 / 723
TTM EPS
₹94.5
TTM Sales
₹16,427 Cr.
Book Value per Share
₹1,182
P/E Ratio
7.13
Lower than its 5-year historical median
Industry PE
22.5
Price to Book (P/B)
0.57
Lower than its 5-year historical median
Price to Sales (P/S)
0.30
Lower than its 5-year historical median
EV/EBITDA
5.63
Lower than its 5-year historical median
Dividend Yield
0.46%
Profitability Efficiency
Return on Equity (ROE)
4.23%
Underperforms industry median
Return on Capital Employed (ROCE)
7.04%
Underperforms industry median
Return on Assets (ROA)
1.58%
Operating Profit Margin
12.1%
Net Profit Margin
2.13%
Gross Profit Margin
7.5%
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)
Improving versus 3-year growth rate
11.7%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
107.75%
Asset Quality
Promoter Holding
44.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹8,463 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

Somewhat Undervalued

Price Trend

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 10.92%, compared to the industry median CAGR of 2.49%, 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 9.9% 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 3,5423,7884,2214,0704,6335,6746,7796,6107,7257,7787,883
Sales YoY Gr.-6.9%11.4%-3.6%13.9%22.5%19.5%-2.5%16.9%0.7%-
Adj EPS 26.8147.313.332.130.833.522.329.622.421.5
YoY Gr.--47.9%-47.9%83%140.9%-4.1%8.7%-33.5%32.6%-24.2%-
BVPS (₹) 282.8293.3297.1312.9342.9371.4402421.5449.7467.4476.3
Adj Net
Profit
19410152.796.4232223242161213162155
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 9.5% 6% 12.2% 18.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
9.94.92.54.49.88.68.75.46.84.94.6
Op. Profit
Mgn %
13.612.110.913.116.11110.610.910.81111.3
Net Profit
Mgn %
5.52.71.32.453.93.62.42.82.12
Debt to
Equity
0.60.70.70.50.50.60.811.11.2-
Working Cap
Days
11913914114814614715317015317196
Cash Conv.
Cycle
3555606660617089838844

Valuation of Uflex - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.224.224.222.362.520.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6,1576,7097,9577,4058,88913,12714,66313,36415,03615,401
Operating Expenses + 5,2955,8336,9686,3237,09710,97012,94112,00713,37613,547
Manufacturing Costs7247628588349841,3801,5651,5251,6241,773
Material Costs3,5554,0584,8784,2564,7077,7599,2218,3359,2929,083
Employee Cost 5475996717267999251,0791,2021,3621,565
Other Costs 4694145615076079051,0769451,0981,126
Operating Profit 8628769901,0811,7922,1571,7211,3561,6601,854
Operating Profit Margin (%) 14.0%13.1%12.4%14.6%20.2%16.4%11.7%10.1%11.0%12.0%
Other Income + 3323212933122165170175130
Exceptional Items 00000-38-150-871-178-19
Interest 187197218225229322473536698777
Depreciation 318352381403456537599655695787
Profit Before Tax 3953544094811,1421,382656-549264400
Tax 44429411029928317514210672
Profit After Tax 3513123153718441,099481-691158328
PAT Margin (%) 5.7%4.7%4.0%5.0%9.5%8.4%3.3%-5.2%1.1%2.1%
Adjusted EPS (₹)48.343.043.551.2116.7152.166.6-95.719.743.9
Dividend Payout Ratio (%)7.30%4.70%4.60%3.90%2.10%2%4.50%-1%15.20%6.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,6293,9754,2984,6905,5496,6877,4967,2167,3878,113
Share Capital 72727272727272727272
Reserves 3,5573,9024,2264,6185,4766,6147,4247,1447,3158,041
Debt +1,7811,7541,7523,3723,5614,0684,6765,9076,9788,306
Long Term Debt1,0301,0558762,4512,8073,0723,4634,1654,8705,821
Short Term Debt7526998769217559961,2131,7422,1082,484
Minority Interest15567899999
Trade Payables9571,1961,0561,0521,3471,9472,1572,0502,2912,459
Others Liabilities 7667598478951,3551,7302,0982,1652,7723,284
Total Liabilities 7,1487,6887,96010,01611,82014,44116,43817,34819,43722,171

Fixed Assets

Net Fixed Assets +3,3603,7503,7443,7945,0206,4067,7748,2128,7259,770
Gross Block5,5786,1876,5646,8898,51610,39512,40913,48514,56016,713
Accumulated Depreciation2,2182,4372,8203,0953,4963,9894,6355,2735,8356,943
CWIP 4981962612,0071,5186714665387252,176
Investments 768542199205212191170145116
Inventories6797978448551,1511,8312,3111,9182,5352,408
Trade Receivables1,6591,9332,0461,9472,4013,5113,2323,4373,7513,861
Cash Equivalents 2963162884446165881,0911,0731,1541,072
Others Assets 5806127367709091,2221,3721,9992,4022,768
Total Assets 7,1487,6887,96010,01611,82014,44116,43817,34819,43722,171
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 7796515538491,1747091,3838251,135992
PBT 3953544094811,1421,382656-549248389
Adjustment 4365255825967257981,0421,8661,3021,156
Changes in Working Capital 31-192-380-143-555-1244-30-319-269-444
Tax Paid -54-43-48-102-181-228-285-173-146-108
Cash Flow From Investing Activity + -669-427-344-2,062-1,095-952-1,172-1,619-1,732-2,015
Capex -761-439-383-2,077-1,115-964-1,278-1,635-1,726-2,043
Net Investments 71540-90-21391015
Others 85-3-1242113937-1712
Cash Flow From Financing Activity + -202-205-2371,369134216292776678941
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2475-1791,5755603360702705951
Interest Paid -187-197-218-222-235-315-452-396-648-753
Dividend Paid -23-25-14-14-14-18-22-22-7-22
Others 33-5817430-177212766492628765
Net Cash Flow -9219-27155214-28503-1880-82
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.918.217.628.2516.4817.976.78-9.42.164.23
ROCE (%)10.279.3510.069.6115.416.419.32-0.16.537.04
Asset Turnover Ratio1.020.981.070.870.851.040.980.820.860.77
PAT to CFO Conversion(x)2.222.091.762.291.390.652.88N/A7.183.02
Working Capital Days
Receivable Days80.609086.6093.208579.4081.708883.2086.30
Inventory Days33.403735.7039.6039.204050.2055.8051.5056.10
Payable Days89.3096.9084.3090.409377.5081.2092.1085.3095.50

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Uflex Ltd FAQs

The current trading price of Uflex on 11-Sep-2026 15:50 is ₹655.0.

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 10-Sep-2026 the market cap of Uflex stood at ₹4,866 Cr

The latest P/E ratio of Uflex as of 10-Sep-2026 is 31.36.

The latest P/B ratio of Uflex as of 10-Sep-2026 is 1.41.

The 52-week high of Uflex is ₹723.0 and the 52-week low is ₹333.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Uflex is ₹7,883 ( 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 Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Uflex Ltd is likely to Rise 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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