Among other trending stocks, check out the share trend of Uflex Ltd.
Uflex Ltd. – Highlights
- The shares of Uflex Ltd. was trading at Rs.569.40, up by 19.3%, hitting a 52-week high of Rs.572.90 in today’s trading session.
- The stock price has increased by 173.09% in last one year, while the benchmark index S&P BSE Sensex has increased by 50.31%.
- The massive rally in the stock was after the company reported more than two-fold jump in consolidated net profit in the quarter ended on March 31, 2021.
- “Although the quarter saw steep increases in raw material prices coupled with availability issues, we managed to deliver a strong performance to wrap up the year,” said Uflex Group CFO Rajesh Bhatia.
- The company’s overall net profit increased by 163% year on year (YoY) to Rs 264.7 crore, owing to strong operational performance. Consolidated revenue increased 45% year on year to Rs 2,572 crore, while consolidated Ebitda increased 87% year on year to Rs 516.4 crore, and margins improved to 20.1% from 15.6% in Q4FY20.
- The company said “We saw an increase in demand for packaging materials and ancillary businesses, as well as newer clients. In Q4FY21, the company’s total production volume increased by 33.7 percent year on year to 126,822 metric tonnes (MT), while total sales volume increased by 43.5 percent year on year to 136429 MT “.
- For the fiscal year 2020-21, total production volume was 4,63,065 million tonnes, and total sales volume was 4,62,418 metric tonnes, representing annual increases of 21% and 21.5 percent, respectively.
- Aside from that, Uflex has announced a capital expenditure (capex) of Rs 120 crore for a printing line and some associated equipment, in response to the growing demand for the company’s products (aseptic packaging). The aforementioned capex plan will be financed with both owned and borrowed funds.
- In addition, the company announced the commissioning of a brownfield BOPP film line in Egypt with a capacity of 42,000 TPA. Going forward, the management expects higher volumes from the company’s newly established capacities in FY22 and will strive to maintain Ebitda margins of 20%.
- Uflex Ltd. is the largest flexible packaging company in India and a rising global player. Over the last three decades, it has built an unblemished reputation and defined the contours of the packaging industry in India and around the world. It assists its customers in preserving freshness and extending the shelf life of food products as a leading name in packaging solutions.
- Since its inception in 1985, it has grown into a multibillion-dollar company by focusing on customer trust, value creation, quality innovation, and customer satisfaction. UFlex has an unrivalled global reach and unhindered speed, making it truly multinational. It is headquartered in Noida (National Capital Region, New Delhi) and has state-of-the-art manufacturing facilities in India, the UAE, Mexico, Poland, Egypt, and the United States.
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Disclaimer: This document and the process of identifying the potential of a company has been produced for only learning purposes. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.
