Uma Converter Limited (UMA)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Uma Converter's revenue was ₹129 Cr (+14.2% year on year, +7.5% on the previous half-year), and net profit ₹1.0 Cr; the operating margin was 5.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹129 | +14.2% | +7.5% |
| Operating profit | ₹7.0 | +0.0% | -12.5% |
| Net profit | ₹1.0 | — | -50.0% |
| EPS (₹) | 0.52 | +147.6% | -50.5% |
| Operating margin | 5.4% | — | — |
📢 Recent Corporate Announcements
Uma Converter Limited has responded to a surveillance query from the National Stock Exchange dated August 31, 2026, regarding significant price movement in its shares. The packaging company clarified on September 1, 2026, that it has complied with all Regulation 30 disclosure requirements and has no undisclosed price-sensitive information pending. The company stated that the recent fluctuation in share price is purely market-driven.
- Responded to NSE surveillance query letter ref NSE/CM/Surveillance/17446 dated August 31, 2026
- Confirmed on September 1, 2026, that no undisclosed material information or announcements remain pending
- Clarified that recent share price volatility is entirely market-driven
Uma Converter Limited has issued the notice for its 27th Annual General Meeting scheduled for September 24, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 financial statements and the re-appointment of Mr. Abhishek Sumerraj Lodha as Whole Time Director and CFO for 5 years with a proposed remuneration of ₹5,75,000 per month (plus up to 20% annual increment). The remote e-voting cut-off date has been set for September 17, 2026, with voting open from September 21 to September 23, 2026.
- 27th Annual General Meeting scheduled for September 24, 2026, at 12:30 p.m. via Video Conferencing
- Remote e-voting period runs from September 21, 2026 (9:00 a.m.) to September 23, 2026 (5:00 p.m.) with a cut-off date of September 17, 2026
- Re-appointment of Whole Time Director and CFO Abhishek Sumerraj Lodha for 5 years (April 1, 2026 to March 31, 2031) at ₹5,75,000 per month
- Cost auditor remuneration proposed at ₹60,000 for FY27 for M/s. J.B. Mistri & Co.
Uma Converter Limited has notified the stock exchange regarding a change in the company's statutory/internal auditors on August 21, 2026. The provided filing excerpt contains administrative digital signature metadata without detailed disclosure of the incoming or outgoing auditor profile or specific reasons for the transition. Uma Converter operates with a market capitalization of Rs 25 Cr and TTM revenue of Rs 477 Cr. Further detailed disclosures in upcoming board or shareholder notices will clarify the appointment terms.
- Filing submitted to the exchange on August 21, 2026, regarding a change in auditors.
- Specific identity and tenure of the outgoing and incoming auditors are not disclosed in the extract.
- Company reported TTM revenue of Rs 477 Cr and TTM net profit of Rs 5 Cr against debt of Rs 75 Cr.
- Market capitalization stands at Rs 25 Cr with a low P/E multiple of 5.0x.
Uma Converter Limited has appointed its Whole-time Director, Mr. Abhishek Sumerraj Lodha, to the role of Chief Financial Officer (CFO), effective August 21, 2026. The company operates in the packaging sector with a market capitalization of ₹25 Cr and TTM revenue of ₹477 Cr. The appointment represents an internal realignment of executive and financial management responsibilities.
- Mr. Abhishek Sumerraj Lodha appointed as Chief Financial Officer
- Role took effect on August 21, 2026
- Mr. Lodha is currently serving as a Whole-time Director on the board
Uma Converter Limited has informed the exchanges regarding the outcome of its Board of Directors meeting held on August 21, 2026. The provided filing excerpt contains only digital signature metadata, and specific agenda items or resolutions are not disclosed in the text. The company operates in flexible packaging with a market cap of Rs 25 Cr and TTM revenue of Rs 477 Cr. Investors will need to refer to full exchange filings for specific operational or financial resolutions discussed.
- Board meeting held and concluded on August 21, 2026
- Specific board resolutions and agenda items not disclosed in the document excerpt
- Document digitally signed by Shah Hiral Ankitkumar on August 21, 2026 at 16:38:55 IST
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Printing and Packaging, which grew 25.7% YoY, increasing from INR 181.02 Cr in FY 2023-24 to INR 227.54 Cr in FY 2024-25.
Geographic Revenue Split
While specific percentage splits are not provided, the company generates revenue from India and exports to Saudi Arabia, Australia, Senegal, and the United States of America.
Profitability Margins
Net Profit Margin for the half-year ended September 30, 2025, was 1.77% (INR 2.12 Cr profit on INR 119.86 Cr revenue), showing a slight decline in profitability compared to the full-year FY 2024-25 performance where Net Profit was INR 2.70 Cr.
EBITDA Margin
EBITDA margin for H1 FY26 stood at approximately 7.07% (INR 8.48 Cr EBITDA calculated from PBT of INR 2.71 Cr plus Finance Costs of INR 3.25 Cr and Depreciation of INR 2.52 Cr).
Capital Expenditure
The company invested INR 4.83 Cr in property, plant, equipment, and intangible assets during the half-year ended September 30, 2025, primarily for capacity expansion.
Credit Rating & Borrowing
Total borrowings increased to INR 35.33 Cr as of September 30, 2025 (comprising INR 31.36 Cr non-current and INR 3.97 Cr current), up from INR 23.05 Cr in March 2025, indicating a 53.2% increase in debt to fund operations and expansion.
Operational Drivers
Raw Materials
Flexible packaging substrates including films, resins, and inks, which accounted for INR 79.05 Cr (65.9% of total revenue) in H1 FY26.
Capacity Expansion
The company is currently expanding its offset capacity by adding new plant and machinery at the Timba Plant to meet the rising demand for sustainable packaging.
Raw Material Costs
Raw material costs (Cost of Materials Consumed) stood at INR 79.05 Cr for H1 FY26, representing 67.5% of total expenses, making the company highly sensitive to commodity price fluctuations in polymer and film markets.
Manufacturing Efficiency
The company is focused on consolidating and optimally utilizing its facilities to manage higher demand for sustainable packaging solutions.
Strategic Growth
Expected Growth Rate
25.70%
Growth Strategy
Growth will be achieved through capacity expansion at the Timba Plant, specifically in offset printing, and by increasing market penetration in high-value export markets like the USA and Australia. The company is also pivoting toward sustainable packaging solutions to capture evolving consumer demand.
Products & Services
Flexible packaging materials, printing and packaging solutions for various industries.
Brand Portfolio
UMA
New Products/Services
Sustainable packaging solutions are being prioritized, though specific revenue contribution percentages for new launches are not yet disclosed.
Market Expansion
Targeting expansion in international markets including Saudi Arabia, Australia, Senegal, and the USA.
External Factors
Industry Trends
The industry is shifting toward sustainable and eco-friendly packaging; UMA is positioning itself by adding capacity for these specific solutions to remain competitive.
Competitive Landscape
Highly fragmented market with significant pressure from both large-scale domestic players and low-cost imports.
Competitive Moat
The company maintains a quality moat through ISO 9001:2015 and ISO 22000:2005 certifications, which are critical for maintaining 'Packaging Professional' status in regulated industries like food and pharma.
Macro Economic Sensitivity
The business is sensitive to industrial growth and consumer spending, as packaging demand is a derivative of FMCG and industrial output.
Consumer Behavior
Shift toward sustainable packaging is the primary consumer trend affecting long-term demand for traditional plastic-based flexible packaging.
Geopolitical Risks
Trade barriers or shipping disruptions to Senegal and Saudi Arabia could impact the export revenue stream.
Regulatory & Governance
Industry Regulations
Operations must comply with ISO 22000:2005 food safety management standards, which dictate manufacturing hygiene and material safety for packaging.
Environmental Compliance
The company is committed to sustainability initiatives, though specific ESG compliance costs are not quantified.
Taxation Policy Impact
Current tax expense for H1 FY26 was INR 0.58 Cr, representing an effective tax rate of approximately 21.7% on PBT.
Risk Analysis
Key Uncertainties
Raw material price volatility and high competition in the single-segment business are key risks that could impact margins by over 2% if not managed through pricing escalations.
Geographic Concentration Risk
While expanding exports, the company remains significantly dependent on the Indian domestic market for the bulk of its INR 227.54 Cr annual turnover.
Technology Obsolescence Risk
The shift from traditional to sustainable packaging materials poses a risk of technology obsolescence for older machinery, necessitating the current capex at the Timba Plant.
Credit & Counterparty Risk
Trade receivables stood at INR 51.59 Cr as of September 30, 2025, representing a significant portion of current assets and indicating potential credit risk if customer payments are delayed.
