UFLEX Limited (UFLEX)
₹556.95 -2.32% last close, 23 Oct
Snapshot
UFLEX Limited closed at ₹556.95 on 23 Oct 2026, 14.0% above its 200-day average, with an RSI(14) of 29.0 and a P/E of 5.86. On the daily chart it is in a range, with a technical score of 23/100 (strong bearish). In the quarter ended June 2026, revenue grew 37.6% and net profit grew 584.0% from a year earlier. Data as of 23 Oct 2026.
Price
- Price
- ₹556.95
- Day change
- -2.32%
- Market Cap
- ₹4,022 Cr
- 52-week range
- ₹330.00 – ₹723.50
- From 52-week high
- -23.02%
Financials23 Oct 2026
- P/E
- 5.86
- P/B
- 0.50
- ROE
- 8.4%
- ROCE
- 7.0%
- Debt to Equity
- 1.25
- OPM
- 13.6%
- YoY qtr sales growth
- 37.6%
- YoY qtr profit growth
- 584.0%
- Dividend Yield
- 0.54%
Latest quarter Jun 2026 · Consolidated
Technicals23 Oct 2026
- Trend
- Range
- Technical score
- 23/100 · Strong bearish
- MACD
- Bearish
- RSI (14)
- 28.99
- ADX (14)
- 25.10
- SuperTrend
- Bearish
- vs 20-day SMA
- -11.13%
- vs 50-day SMA
- -11.60%
- vs 200-day SMA
- +14.03%
- RS rating
- 84.00
- Nearest support
- ₹516.70
- Nearest resistance
- ₹558.92
Exchange activity23 Oct 2026
- Delivery
- 52.34% vs 51.44% average
- Volume vs its average
- 1.1×
Events
- Latest results
- Q1 FY27, filed 15 Aug 2026
- Board meeting filing
- 14 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, UFLEX's revenue was ₹5,366 Cr (+37.6% year on year, +32.3% on the previous quarter), and net profit ₹423 Cr (+584.0% year on year); the operating margin was 16.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹5,366 | +37.6% | +32.3% |
| Operating profit | ₹889 | +94.3% | +52.2% |
| Net profit | ₹423 | +584.0% | +116.0% |
| EPS (₹) | 58.62 | +630.0% | +115.9% |
| Operating margin | 16.6% | — | — |
UFLEX delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 52.34% of the UFLEX shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.44%. That is close to its usual level.
Delivery in the last 5 sessions: 41.8% · 58.0% · 59.4% · 47.6% · 52.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
CRISIL Ratings has reaffirmed its ratings for UFLEX Limited's bank loan facilities totaling Rs 4,600 crore. The long-term rating is maintained at 'CRISIL AA-' with a 'Negative' outlook, while the short-term rating is reaffirmed at 'CRISIL A1+'. The Rs 4,600 crore facility closely aligns with UFLEX's total debt load of Rs 4,268 crore (D/E of 1.26). The negative outlook reflects ongoing monitoring by the agency regarding debt levels and operating performance in the packaging films segment.
- Total bank loan facilities rated stand at Rs 4,600 crore
- Long-term bank facilities reaffirmed at CRISIL AA- with a Negative outlook
- Short-term bank facilities reaffirmed at CRISIL A1+
- Rated facilities of Rs 4,600 crore cover approximately 108% of total outstanding balance-sheet debt of Rs 4,268 crore
UFLEX Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Beetal Financial & Computer Services (P) Limited, the company's Registrar and Share Transfer Agent, on October 5, 2026. It confirms that all share certificates received for dematerialization during the period were processed, confirmed to depositories, and mutilated/cancelled within 15 days. This is a purely procedural regulatory filing with no material impact on operations or financials.
- Compliance certificate submitted for the quarter ended 30th September, 2026
- Issued by RTA Beetal Financial & Computer Services (P) Limited dated 05/10/2026
- Confirmation that physical share certificates were mutilated and cancelled within 15 days
- Filing submitted to exchanges on 07 October 2026
UFLEX Limited has issued a Postal Ballot notice seeking shareholder approval to increase its borrowing limit from ₹4,000 Crore to ₹5,000 Crore under Section 180(1)(c) of the Companies Act, 2013. The company stated that existing borrowing limits are nearing full utilization and the additional headroom is needed to fund its ongoing 54,000 MTPA BOPP film expansion at Dharwad, Karnataka, expected to commission in FY28. Debt drawdown is scheduled during FY27. Remote e-voting results are scheduled to be announced on or before November 2, 2026.
- Proposed increase in borrowing powers from ₹4,000.00 Crore to ₹5,000.00 Crore
- Funding earmarked for the ongoing 54,000 MTPA BOPP film line at Dharwad, Karnataka
- Debt drawdowns planned during FY27, with project commissioning targeted for FY28
- Voting cut-off date was September 25, 2026, and results will be announced on or before November 2, 2026
UFLEX Limited released its updated investor presentation ahead of the Bharat Connect Conference, outlining current global manufacturing metrics and ongoing capex projects. The company's total production capacity stands at 1,395,830 MTPA across 21 manufacturing plants globally, alongside a 12 billion annual packs aseptic capacity. Key active capex projects include an ongoing Rs 1,192 crore greenfield aseptic facility in Egypt (H1 FY27E commissioning) and a Rs 715.4 crore BOPP line in Dharwad. Notably, the Mexico WPP bags facility was commissioned on July 31, 2026, and the Noida recycling line went online on April 30, 2026.
- Current global capacity reaches 1,395,830 MTPA across 21 manufacturing facilities in over 150 countries
- Egypt greenfield aseptic project (12 billion packs) budgeted at Rs 11,920 Mn with Rs 10,290 Mn incurred through June 2026 and commissioning target in H1 FY27E
- Dharwad 54,000 MTPA brownfield BOPP line progressing with Rs 7,154 Mn total capex (Rs 6,154 Mn residual capex)
- Mexico WPP bags project (80 million bags, Rs 4,730 Mn) completed and commissioned on July 31, 2026
- Goal set to achieve 24 billion carton packs/year aseptic nameplate capacity by FY 2027
UFLEX Limited has received a 20-year patent from the Patent Office, Government of India, for a high-speed twin aseptic pack packaging machine for liquid products. Granted on September 18, 2026 (Patent No. 603158), the patent is effective from the filing date of September 1, 2023. The machine features a continuous vertical form-fill-seal (VFFS) configuration engineered to reduce machine footprint and improve power and air efficiency. This intellectual property strengthens UFLEX's proprietary technology base in its aseptic liquid packaging segment, which currently has a global capacity of 12 billion packs per annum.
- Patent No. 603158 granted by the Patent Office, Government of India on September 18, 2026
- Patent validity term is 20 years, commencing from the filing date of September 1, 2023
- Invention covers a 'HIGH-SPEED TWIN ASEPTIC PACK PACKAGING MACHINE FOR LIQUID PRODUCTS'
- Features a continuous vertical form-fill-seal (VFFS) configuration designed for reduced energy and air consumption
UFLEX Limited has informed the stock exchanges that it will be conducting in-person investor meetings in Mumbai on September 10 and September 11, 2026. The meetings will comprise a mix of group and one-on-one interactions scheduled between 10:00 AM IST and 7:00 PM IST on both days. The company confirmed that no unpublished price sensitive information (UPSI) will be discussed during these sessions.
- Investor meetings scheduled for 2 days: September 10, 2026 and September 11, 2026
- Meeting format includes both group and one-on-one sessions in Mumbai
- Session timings scheduled from 10:00 AM IST to 7:00 PM IST on both dates
- No unpublished price sensitive information (UPSI) to be shared as per SEBI regulations
UFLEX reported robust Q1 FY27 performance with consolidated revenue increasing 38% YoY to ₹5,397.2 crore, propelled by international operations. Consolidated EBITDA surged 92% YoY to ₹919.8 crore with margins expanding 480 bps to 17.0%, while PAT rose to ₹423.3 crore from ₹58.0 crore in Q1 FY26. Overseas operations contributed ~91% of incremental EBITDA, benefiting from strong local sourcing demand and localized supply chain de-risking amid regional disruptions. The company incurred ₹478.2 crore in capex during the quarter, with key commissioning milestones achieved in Noida and Mexico.
- Consolidated revenue jumped 38% YoY to ₹53,972 million, driven by overseas business (80% of incremental revenue).
- EBITDA grew 92% YoY to ₹9,198 million with EBITDA margin reaching 17.0% (highest in 21 quarters).
- Consolidated PAT reached ₹4,233 million with a net margin of 7.8% compared to ₹580 million in Q1 FY26.
- Total sales volumes reached 173,471 MT (+1.7% YoY), led by packaging films volume growth of 4.9% YoY to 136,186 MT.
- Incurred ₹4,782 million capex in Q1, with 39,000 MTPA Noida recycling plant and 80M unit Mexico WPP bags commissioned.
CRISIL ESG Ratings & Analytics Limited has voluntarily assigned an Environmental, Social, and Governance (ESG) score of 58/100 to UFLEX Limited, placing the company in the 'Adequate' category. The rating was independently formulated using publicly available information without direct commercial engagement by UFLEX. The company received the intimation on August 18, 2026. This is a non-credit rating update and has no direct impact on UFLEX's core financial performance or debt covenants.
- CRISIL ESG Ratings & Analytics assigned an ESG score of 58/100 to UFLEX.
- The assigned rating places UFLEX in the 'Adequate' ESG category.
- Rating was voluntarily and independently prepared based on public domain data without company engagement.
- UFLEX received the rating intimation on August 18, 2026.
UFLEX Limited has disclosed that the audio recording of its earnings conference call conducted on August 17, 2026, at 4:00 PM IST has been uploaded to the company's website. The submission is a standard statutory disclosure pursuant to Regulation 30 of SEBI LODR Regulations. This follows the company's recent operational quarter (Jun 2026) where revenue reached ₹5,366.03 Cr and net profit stood at ₹423.33 Cr.
- Earnings conference call conducted on Monday, August 17, 2026, at 4:00 PM IST.
- Audio recording made accessible on the company's website under the quarterly earnings section.
- Compliance submission made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
UFLEX reported strong performance in Q1 FY27 with consolidated revenue rising 37.6% YoY to ₹53,972 million (₹5,397.2 crore) and EBITDA advancing 92.1% YoY to ₹9,198 million (₹919.8 crore). EBITDA margins expanded by 480 bps YoY to 17.0%, driven by operating leverage, higher packaging film realizations, and localized sourcing premiums in overseas subsidiaries. Consolidated PAT reached ₹4,233 million (₹423.3 crore) with a margin of 7.8%. Additionally, the company commissioned a 39,600 MTPA recycling unit in Noida and an 80-million-unit WPP bags facility in Mexico.
- Consolidated revenue grew 37.6% YoY and 31.7% QoQ to ₹53,972 million in Q1 FY27
- EBITDA increased 92.1% YoY to ₹9,198 million, with EBITDA margin widening 480 bps YoY to 17.0%
- Consolidated PAT surged to ₹4,233 million (7.8% margin) compared to ₹580 million in Q1 FY26
- Commissioned 39,600 MTPA recycling facility at Noida on April 30, 2026, and an 80-million-unit WPP bags plant in Mexico
- Net debt stood at ₹73,055 million compared to ₹85,875 million in Q1 FY26
UFLEX reported a strong operational performance in Q1 FY27, with consolidated revenue rising 37.6% YoY to Rs 53,972 Mn and net profit surging 629.6% YoY to Rs 4,233 Mn. EBITDA increased 92.1% YoY to Rs 9,198 Mn, driving EBITDA margins up by 480 bps YoY to 17.0% (the highest in 21 quarters), aided by better product spreads, operating leverage, and a Rs 825 Mn forex gain. Total sales volume rose 1.7% YoY to 173,471 MT, with overseas revenue contribution increasing to 62% from 56% in Q1 FY26. Growth was underpinned by backward integration at its Panipat PET chips facility and newly commissioned units in Noida and Mexico.
- Consolidated net profit surged 629.6% YoY and 116.0% QoQ to Rs 4,233 Mn in Q1 FY27
- Revenue from operations increased 37.6% YoY to Rs 53,660 Mn with total sales volumes of 173,471 MT (+1.7% YoY)
- EBITDA grew 92.1% YoY to Rs 9,198 Mn with EBITDA margins expanding 480 bps YoY to 17.0%
- Overseas markets accounted for 62% of revenue compared to 56% in Q1 FY26
- Commissioned a 39,600 MTPA recycling plant in Noida and an 80-million-unit WPP bag plant in Mexico
UFLEX reported its Q1 financial results for the quarter ended June 30, 2026, with standalone revenue from operations reaching ₹2,344.25 Cr compared to ₹2,058.01 Cr in the prior-year period. Standalone profit before tax stood at ₹84.09 Cr versus ₹77.46 Cr in Q1 FY26. Operationally, the company commissioned a PET bottles and mixed plastics recycling facility at Noida during the quarter. Separately, the statutory auditor highlighted an ongoing Income Tax demand of ₹500.68 Cr (for AY 2020-21 to 2023-24) stemming from a February 2023 search, which is currently pending adjudication before the ITAT.
- Standalone revenue from operations reached ₹2,344.25 Cr, up 13.9% YoY from ₹2,058.01 Cr in Q1 FY26
- Standalone profit before tax and exceptional items came in at ₹84.09 Cr vs ₹77.46 Cr in Q1 FY26
- Income Tax demand of ₹500.68 Cr across AY 2020-21 to 2023-24 is currently pending before the ITAT
- Commissioned a new PET bottles and mixed plastics recycling unit at Noida, UP
- Nine unreviewed foreign subsidiaries recorded revenue of ₹3,032.11 Cr and PAT of ₹546.75 Cr (before elimination)
UFLEX Limited has received formal approval and registration from the Registrar of Companies (ROC), Delhi, for the alteration of its Memorandum of Association (MOA). This follows a special resolution passed by shareholders during the 37th Annual General Meeting held on July 29, 2026. As a result of this amendment, the company's Corporate Identification Number (CIN) has been updated to L22209DL1988PLC032166. This is a procedural regulatory update and does not impact the company's financial standing or its TTM revenue of ₹15,401 Cr.
- ROC approval and registration certificate issued on August 13, 2026
- Shareholder approval for MOA alteration obtained via Special Resolution on July 29, 2026
- Corporate Identification Number (CIN) changed from L74899DL1988PLC032166 to L22209DL1988PLC032166
- Amendment follows the 37th Annual General Meeting of the company
UFLEX Limited has announced its Q1 FY27 earnings conference call scheduled for Monday, August 17, 2026, at 4:00 PM IST. The call will feature the CFO and Head of Investor Relations to discuss the company's performance. This follows a recovery in FY26 where the company posted a PAT of ₹324.33 cr compared to a loss of ₹691.2 cr in FY24. Investors will be looking for updates on the utilization of the 1,68,000 MTPA Panipat PET chips plant and the impact of global freight costs on margins.
- Earnings conference call scheduled for August 17, 2026, at 4:00 PM IST
- Management representation includes President (F&A) & CFO Arun Kumar Sharma and VP-IR Surajit Pal
- Company operates with a massive global capacity of 1,351,910 MTPA
- Aseptic liquid pack capacity stands at 12 billion packs per annum
- TTM revenue as of March 2026 reached ₹15,401 cr with an OPM of 12.1%
UFLEX Limited has been voluntarily assigned an Environmental, Social, and Governance (ESG) rating of 61/100 by ESG Risk Assessments and Insights Limited. The rating falls under the 'Strong' category and was prepared independently using public domain data without formal engagement by the company. This external validation of the company's sustainability practices comes as UFLEX manages a large TTM revenue of Rs 15,401 Cr and a significant debt of Rs 4,268 Cr. While not a credit rating, such ESG scores are increasingly relevant for institutional investor mandates.
- ESG rating score of 61 out of 100 assigned to the company
- Rating category classified as 'Strong' by the assessing agency
- Information received by the company on August 6, 2026
- Assessment was voluntary and based solely on public domain data
- Company did not formally engage the agency for this specific report
Company profilewritten 14 Dec 2025
Financial Performance
Revenue Growth by Segment
Packaging Films segment volume grew 0.8% YoY in H1 FY26, while the Packaging segment volume grew 5.8% YoY. Total consolidated revenue for H1 FY26 reached INR 7,782.8 Cr, a 3.2% increase from INR 7,545.1 Cr in H1 FY25. For the full year FY25, revenue is projected to grow 10-12% to reach INR 14,800-15,000 Cr compared to INR 13,414 Cr in FY24.
Geographic Revenue Split
The revenue split is 44% Domestic (India) and 56% International. International operations span Egypt, Dubai, Mexico, USA, Russia, Poland, Hungary, and Nigeria. Packaging Films sales volume is split between International (57.4%) and Domestic (20.3%).
Profitability Margins
Normalized PAT Margin stood at 1.9% for H1 FY26. Standalone PAT Margin was 2.0% in H1 FY26 compared to 2.2% in H1 FY25. Profitability is heavily influenced by raw material costs (65-75% of sales) and industry-wide overcapacity which pressures realizations.
EBITDA Margin
Consolidated Normalized EBITDA Margin was 11.0% in H1 FY26, down 110 bps from 12.1% in H1 FY25. Q2 FY26 Normalized EBITDA Margin was 10.1%, down 140 bps YoY. The decline is attributed to increased freight costs from the Red Sea crisis and global demand sluggishness.
Capital Expenditure
The group is undertaking continuous debt-funded capex, including a PET chips plant in Panipat (1,68,000 MTPA) and an upcoming plant in Egypt for FY2026. Capex for H1 FY26 was INR 489.7 Cr. Net debt is expected to remain in the range of INR 5,500-6,000 Cr over the medium term.
Credit Rating & Borrowing
CRISIL maintains a 'Stable' outlook. Interest coverage ratio is estimated at 3.01 times for FY2025 (up from 2.54x in FY2024). Finance costs for H1 FY26 were INR 386.9 Cr, a 14% increase YoY, reflecting higher borrowing levels for expansion.
Operational Drivers
Raw Materials
Key raw materials include PET chips, Polyethylene Terephthalate (PET) resins, and chemicals for inks and adhesives, accounting for 65-75% of net sales.
Import Sources
Sourced globally to support manufacturing units in India, Egypt, Dubai, Mexico, USA, Russia, Poland, Hungary, and Nigeria. Specific state/country sources for raw materials are not disclosed, but the company utilizes a 'Glocal' (Global + Local) procurement strategy.
Capacity Expansion
Current global capacity is 1,351,910 MTPA. Aseptic liquid pack capacity is 12 billion packs per annum. A new 1,68,000 MTPA PET chips plant in Panipat started commercial production in April 2024. An Egypt PET chips plant is expected to commence in FY2026.
Raw Material Costs
Raw materials account for 65-75% of net sales. The group is highly susceptible to volatility in input costs; however, the new PET chips plants aim to provide captive supply to stabilize costs and improve margins from FY2026 onwards.
Manufacturing Efficiency
Capacity utilization is supported by a global manufacturing footprint. The Panipat PET chips plant is designed for captive consumption and bottle-grade chip sales to optimize the bottom line.
Logistics & Distribution
Distribution is impacted by geopolitical uncertainty and freight cost hikes. The company maintains 17 manufacturing units globally to stay close to customers and mitigate long-haul logistics risks.
Strategic Growth
Expected Growth Rate
10-12%
Growth Strategy
Growth is driven by capacity expansion in PET chips (Panipat and Egypt) and aseptic packaging. The company is focusing on 'Glocal' operations to navigate trade barriers and high-value product innovations like 2K solvent-based inks and adhesives.
Products & Services
Flexible packaging films (BOPET, BOPP, CPP, metallized), flexible laminates, holographic films, aseptic liquid packs, inks, adhesives, and recycling services.
Brand Portfolio
UFlex, Asepto (aseptic liquid packaging).
New Products/Services
Developed 2K solvent-based inks and adhesives; expanding into PET bottle-grade chips with the new 1,68,000 MTPA Panipat facility.
Market Expansion
Focusing on the U.S. market via Mexico (USMCA benefits) and expanding European reach despite geopolitical headwinds. Egypt plant expansion targets the African and Middle Eastern markets.
Market Share & Ranking
One of the largest players in the global flexible packaging industry; specific percentage market share not disclosed.
External Factors
Industry Trends
The industry is shifting toward sustainability (recycling) and aseptic packaging. Current trends show a recovery in export demand and realizations after a sharp decline in the previous fiscal due to oversupply.
Competitive Landscape
Competes with global and domestic flexible packaging players. The industry is characterized by cyclicality and frequent capacity additions by players when prices improve.
Competitive Moat
Moat is built on a global manufacturing footprint (17 units), integrated operations (captive PET chips), and a 40-year legacy. Sustainability is reinforced by a 74,317 MTPA recycling capacity and 5.4 billion+ PCR PET bottles recycled.
Macro Economic Sensitivity
Highly sensitive to global consumption momentum and inflation. Persistently elevated food prices put pressure on household budgets, indirectly reducing demand for consumer goods packaging.
Consumer Behavior
Shift toward smaller SKUs and sustainable/recyclable packaging is driving demand for UFlex's recycling and green packaging solutions.
Geopolitical Risks
The Red Sea crisis impacts freight costs. The U.S. tariff environment and European geopolitical uncertainty have led to cautious business sentiment and delayed orders.
Regulatory & Governance
Industry Regulations
Subject to global plastic waste management rules and food safety standards for packaging. USMCA trade agreement regulations are critical for Mexico-to-US exports.
Environmental Compliance
Assigned an ESG rating of 58/100 (Adequate). The company operates recycling facilities with a 74,317 MTPA capacity to meet environmental norms.
Taxation Policy Impact
Effective tax rate not explicitly stated, but H1 FY26 consolidated PBT was INR 134.5 Cr with a Net Profit of INR 84.9 Cr, implying an effective tax rate of approximately 36.8%.
Risk Analysis
Key Uncertainties
Fluctuations in crude oil prices (impacting raw materials) and forex volatility are primary risks. Continued losses in H1 FY25 (reported in some segments) could pressure liquidity if cash accruals do not recover as expected.
Geographic Concentration Risk
56% of revenue is international, providing diversification but exposing the group to global geopolitical and trade policy risks (e.g., U.S. tariffs).
Third Party Dependencies
High dependency on global shipping lines; Red Sea disruptions directly impact margins via freight costs.
Technology Obsolescence Risk
Risk is mitigated by continuous R&D in chemicals and aseptic packaging; however, the shift toward plastic-free alternatives remains a long-term monitoring point.
Credit & Counterparty Risk
Receivables stand at 85-90 days. The large customer base of 5,000+ helps diversify counterparty credit risk.
