Upcoming Dividend • Jun 18
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 27 August 2026. Payout ratio is a comfortable 6.8% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Announcement • Jun 01
Uflex Limited, Annual General Meeting, Jul 29, 2026 Uflex Limited, Annual General Meeting, Jul 29, 2026. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹43.91 (vs ₹19.71 in FY 2025) Full year 2026 results: EPS: ₹43.91 (up from ₹19.71 in FY 2025). Revenue: ₹155.1b (up 4.1% from FY 2025). Net income: ₹3.17b (up 123% from FY 2025). Profit margin: 2.0% (up from 1.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Uflex Limited to Report Q4, 2026 Results on May 30, 2026 Uflex Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹360, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 8.7% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹5.01 (vs ₹18.95 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.01 (down from ₹18.95 in 3Q 2025). Revenue: ₹35.3b (down 4.3% from 3Q 2025). Net income: ₹361.5m (down 74% from 3Q 2025). Profit margin: 1.0% (down from 3.7% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Uflex Limited to Report Q3, 2026 Results on Feb 12, 2026 Uflex Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹3.73 (vs ₹8.95 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹3.73 (up from ₹8.95 loss in 2Q 2025). Revenue: ₹38.6b (up 2.1% from 2Q 2025). Net income: ₹269.1m (up ₹915.3m from 2Q 2025). Profit margin: 0.7% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 04
Uflex Limited to Report Q2, 2026 Results on Nov 13, 2025 Uflex Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹8.03 (vs ₹13.63 loss in 1Q 2025) First quarter 2026 results: EPS: ₹8.03 (up from ₹13.63 loss in 1Q 2025). Revenue: ₹39.2b (up 8.9% from 1Q 2025). Net income: ₹580.2m (up ₹1.56b from 1Q 2025). Profit margin: 1.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Aug 04
Uflex Limited to Report Q1, 2026 Results on Aug 13, 2025 Uflex Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Upcoming Dividend • Jul 25
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 27 September 2025. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: ₹19.71 (vs ₹95.69 loss in FY 2024) Full year 2025 results: EPS: ₹19.71 (up from ₹95.69 loss in FY 2024). Revenue: ₹149.0b (up 13% from FY 2024). Net income: ₹1.42b (up ₹8.33b from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. New Risk • May 22
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • May 20
Uflex Limited announces Annual dividend, payable on September 27, 2025 Uflex Limited announced Annual dividend of INR 3.0000 per share payable on September 27, 2025, ex-date on August 01, 2025 and record date on August 01, 2025. Announcement • May 19
Uflex Limited, Annual General Meeting, Aug 28, 2025 Uflex Limited, Annual General Meeting, Aug 28, 2025. Reported Earnings • May 18
Full year 2025 earnings released: EPS: ₹19.71 (vs ₹95.69 loss in FY 2024) Full year 2025 results: EPS: ₹19.71 (up from ₹95.69 loss in FY 2024). Revenue: ₹151.8b (up 15% from FY 2024). Net income: ₹1.42b (up ₹8.33b from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • May 10
Uflex Limited to Report Q4, 2025 Results on May 17, 2025 Uflex Limited announced that they will report Q4, 2025 results on May 17, 2025 Announcement • Mar 03
Uflex Limited Appoints Sumeet Arora as Sr. Vice President Uflex Limited informed that Mr. Sumeet Arora has been appointed as Sr. Vice President (Marketing- Engineering Business) of the Company and has been designated as a Senior Management Personnel of the Company in terms of Regulation 16(1) (d) of Listing Regulations, 2015, w.e.f. March 03, 2025. Mr. Sumeet Arora holds B.tech in Mechanical Engineering from YMCA Faridabad. Mr. Arora is an accomplished business leader with more than 30 years of rich experience of running SBU operations with P&L responsibility, developing new markets and growing existing markets for capital equipment both domestic and international. Mr. Arora, has worked with organizations like Cenlub Industries, SS Packaging, ACG Worldwide, Hassia Packaging. His last assignment was with Uhlmann India as Managing Director. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹18.95 (vs ₹9.31 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹18.95 (up from ₹9.31 loss in 3Q 2024). Revenue: ₹37.7b (up 16% from 3Q 2024). Net income: ₹1.37b (up ₹2.04b from 3Q 2024). Profit margin: 3.6% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 14
Second quarter 2025 earnings released: ₹8.95 loss per share (vs ₹8.77 profit in 2Q 2024) Second quarter 2025 results: ₹8.95 loss per share (down from ₹8.77 profit in 2Q 2024). Revenue: ₹38.5b (up 17% from 2Q 2024). Net loss: ₹646.2m (down 202% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Nov 04
Uflex Limited to Report Q2, 2025 Results on Nov 13, 2024 Uflex Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Announcement • Sep 19
Uflex Limited Announces Resignation of Yogesh Kapur, Executive Vice President- Holography Business Uflex Limited announced that Mr. Yogesh Kapur, (Executive Vice President- Holography Business), designated as a Senior Management Personnel of the Company in terms of Regulation 16(1) (d) of Listing Regulations, 2015, has tendered his resignation from the services of the Company. The management has accepted his resignation and consequently, he stands relieved from the services of the Company after the close of office hours on September 18, 2024. Announcement • Sep 16
Uflex Limited Announces Resignation of Cherian Kenneth Thomas as Joint President Uflex Limited announced that Mr. Cherian Kenneth Thomas, (Joint President), designated as a Senior Management Personnel of the Company in terms of Regulation 16(1) (d) of Listing Regulations, 2015, has tendered his resignation from the services of the Company due to his desire to move closer to south of India. The management has accepted his resignation. Consequently, he stands relieved from the services of the Company after the close of office hours on September 13, 2024. Upcoming Dividend • Aug 23
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 18 October 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 24% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Announcement • Aug 13
Uflex Limited, Annual General Meeting, Sep 19, 2024 Uflex Limited, Annual General Meeting, Sep 19, 2024. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹13.63 loss per share (vs ₹57.63 loss in 1Q 2024) First quarter 2025 results: ₹13.63 loss per share (improved from ₹57.63 loss in 1Q 2024). Revenue: ₹36.8b (up 14% from 1Q 2024). Net loss: ₹984.5m (loss narrowed 76% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Uflex Limited to Report Q1, 2025 Results on Aug 12, 2024 Uflex Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • Jun 06
Uflex Limited (BSE:500148) agreed to acquire 5.03% stake in Onevolt Energy Private Limited for INR 96 million. Uflex Limited (BSE:500148) agreed to acquire 5.03% stake in Onevolt Energy Private Limited for INR 96 million on June 4, 2024. A cash consideration of INR 96 million will be paid by Uflex Limited. As part of consideration, INR 96 million is paid towards common equity of Onevolt Energy Private Limited. Reported Earnings • May 29
Full year 2024 earnings released: ₹95.69 loss per share (vs ₹66.57 profit in FY 2023) Full year 2024 results: ₹95.69 loss per share (down from ₹66.57 profit in FY 2023). Revenue: ₹135.1b (down 7.1% from FY 2023). Net loss: ₹6.91b (down 244% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 19
Uflex Limited to Report Q4, 2024 Results on May 28, 2024 Uflex Limited announced that they will report Q4, 2024 results on May 28, 2024 New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 4.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 13
Third quarter 2024 earnings released: ₹9.31 loss per share (vs ₹11.83 loss in 3Q 2023) Third quarter 2024 results: ₹9.31 loss per share (improved from ₹11.83 loss in 3Q 2023). Revenue: ₹32.7b (down 4.0% from 3Q 2023). Net loss: ₹672.2m (loss narrowed 21% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Feb 03
Uflex Limited to Report Q3, 2024 Results on Feb 10, 2024 Uflex Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Board Change • Dec 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Executive Chairman & MD Ashok Chaturvedi is the most experienced director on the board, commencing their role in 1988. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹8.77 (vs ₹26.41 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.77 (down from ₹26.41 in 2Q 2023). Revenue: ₹33.0b (down 12% from 2Q 2023). Net income: ₹633.1m (down 67% from 2Q 2023). Profit margin: 1.9% (down from 5.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 04
Uflex Limited Announces the Resignation of Jagmohan Mongia as Whole-Time Director and the Director Uflex Limited announced that Mr. Jagmohan Mongia (DIN: 09051022) vide letter dated 3rd November, 2023 has tendered his resignation from the post of the Whole-Time Director and the Director, due to health issues, with effective November 14, 2023 on personal grounds citing health issues. Announcement • Aug 25
Uflex Limited Approves Appointment of Mrs. Rashmi Verma as Independent and Non-Executive Director of the Company Uflex Limited announced that at its AGM held on August 23, 2023, shareholders approved the appointment of Mrs. Rashmi Verma (DIN: 01993918) as an Independent and Non-Executive Director of the company to hold office for a term of 3 (three) consecutive years with effect from 26th May, 2023. Term of Appointment: 3 (three) consecutive years with effect from 26th May, 2023 to hold office up to 25th May, 2026 and shall not be liable to retire by rotation. Smt. Rashmi Verma (DIN: 01993918) has a rich experience of working in various sectors in her career of more than thirty-six years as an IAS officer. Her last posting before superannuation on 30 November, 2018 was Secretary, Ministry of Tourism, Government of India. She had earlier worked as Principal Secretary Tourism, Bihar cum CMD, Bihar State Tourism Corporation and before that as Additional Director General (Tourism), Government of India. Her experience of around seven years in the tourism sector helped her to understand the potential and challenges of promoting tourism in the country and gave her insights into the required Marketing Strategy for tourism promotion. Announcement • Aug 24
Uflex Limited Declares Dividend for the Financial Year Ended 31 March, 2023 Uflex Limited at its AGM held on August 23, 2023, approved declaration of dividend on Equity Shares at the rate of INR 3.00 per equity share of INR 10.00 each fully paid-up for the financial year ended 31st March, 2023. New Risk • Aug 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Aug 03
Uflex Limited to Report Q1, 2024 Results on Aug 14, 2023 Uflex Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jul 30
Full year 2023 earnings released: EPS: ₹66.57 (vs ₹152 in FY 2022) Full year 2023 results: EPS: ₹66.57 (down from ₹152 in FY 2022). Revenue: ₹145.4b (up 12% from FY 2022). Net income: ₹4.81b (down 56% from FY 2022). Profit margin: 3.3% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • Jul 28
Upcoming dividend of ₹3.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.0%). Announcement • Jul 25
Uflex Limited, Annual General Meeting, Aug 23, 2023 Uflex Limited, Annual General Meeting, Aug 23, 2023, at 15:30 Indian Standard Time. Board Change • Jun 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Executive Chairman & MD Ashok Chaturvedi is the most experienced director on the board, commencing their role in 1988. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹66.57 (vs ₹152 in FY 2022) Full year 2023 results: EPS: ₹66.57 (down from ₹152 in FY 2022). Revenue: ₹144.6b (up 11% from FY 2022). Net income: ₹4.81b (down 56% from FY 2022). Profit margin: 3.3% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
Uflex Limited Recommends Dividend for the Financial Year Ended March 31, 2023 The board of directors of Uflex Limited at its meeting held on May 30, 2023, Recommended a Dividend of INR 3 per equity share of INR 10 each (30%) for the financial year ended March 31, 2023. Announcement • May 27
Uflex Limited Appoints Rashmi Verma as Additional Director Board of Directors of Uflex Limited vide its Circular Resolution dated 25 May, 2023 has approved the appointment of Smt. Rashmi Verma (DIN: 01993918) as an Additional Director (Independent, Non-Executive, Woman Director) w.e.f. 26 May, 2023 on the Board of the Company. Term of Appointment: 3 years w.e.f. 26th May, 2023 to hold office upto 25th May, 2026 subject to approval of shareholders. Smt. Rashmi Verma, IAS (Retired), aged about 64 years is an M.A, M.Phil. (Political Science) from Delhi University, MBA (Project Based) from University of Hull, UK and M.Phil. (Sociology) from Indian Institute of Public Administration (IIPA). Smt. Rashmi Verma has a rich experience of working in various sectors in her career spanning more than 36 years. Her last position was Secretary, Ministry of Tourism, Government of India. Smt. Verma also worked as Secretary, Ministry of Textiles, Government of India and Additional Secretary, Department of Revenue, Ministry of Finance, Government of India, etc. Presently Currently, she is an independent director on the Board of prominent organizations viz. HT Media Limited, PTC India Limited, PTC Energy Limited and Indian Institute for Insolvency Professionals of India. Announcement • May 23
Uflex Limited to Report Q4, 2023 Results on May 30, 2023 Uflex Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₹354, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 70% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹11.83 loss per share (vs ₹43.37 profit in 3Q 2022) Third quarter 2023 results: ₹11.83 loss per share (down from ₹43.37 profit in 3Q 2022). Revenue: ₹34.1b (flat on 3Q 2022). Net loss: ₹854.1m (down 127% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Uflex Limited Announces Board Changes Board of Directors of the Uflex Limited approved/considered the following: Approved the appointment of Shri Sujit Kumar Varma as an Independent Non-Executive Director of the Company for a period of 3 years effective 14th February, 2023. This appointment will also be approved by the shareholders of the Company. Recommended to the shareholders, the appointment of Shri Ghyanendra Nath Bajpai (DIN: 00946138) as an Independent Non-Executive Director of the Company for a period of 3 years. The appointment of Shri Ghyanendra Nath Bajpai will be effective form the date of approval of the Shareholders in terms of Regulation 17(1A) of the Listing Regulations. The details required in terms of Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 will be furnished, after his appointment is approved by the Shareholders of the Company. Announcement • Feb 07
Uflex Limited to Report Q3, 2023 Results on Feb 14, 2023 Uflex Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹26.41 (vs ₹23.64 in 2Q 2022) Second quarter 2023 results: EPS: ₹26.41 (up from ₹23.64 in 2Q 2022). Revenue: ₹38.5b (up 29% from 2Q 2022). Net income: ₹1.91b (up 12% from 2Q 2022). Profit margin: 5.0% (down from 5.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 48% per year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 20% share price gain to ₹805, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 298% over the past three years. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹51.86 (vs ₹36.56 in 1Q 2022) First quarter 2023 results: EPS: ₹51.86 (up from ₹36.56 in 1Q 2022). Revenue: ₹40.5b (up 49% from 1Q 2022). Net income: ₹3.74b (up 42% from 1Q 2022). Profit margin: 9.3% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 43% per year. Upcoming Dividend • Aug 11
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 1.8% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.2%). Reported Earnings • May 31
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹152 (up from ₹117 in FY 2021). Revenue: ₹129.6b (up 49% from FY 2021). Net income: ₹11.0b (up 30% from FY 2021). Profit margin: 8.5% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 69%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹43.37 (up from ₹22.15 in 3Q 2021). Revenue: ₹33.9b (up 64% from 3Q 2021). Net income: ₹3.13b (up 96% from 3Q 2021). Profit margin: 9.2% (up from 7.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 69%. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 44% per year. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS ₹23.64 (vs ₹30.72 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹30.4b (up 36% from 2Q 2021). Net income: ₹1.71b (down 23% from 2Q 2021). Profit margin: 5.6% (down from 10.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₹618, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 125% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 15% share price gain to ₹555, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 12x in the Packaging industry in India. Total returns to shareholders of 71% over the past three years. Upcoming Dividend • Sep 01
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 27 October 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹430, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 34% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹36.56 (vs ₹27.21 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: ₹27.6b (up 38% from 1Q 2021). Net income: ₹2.64b (up 34% from 1Q 2021). Profit margin: 9.6% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 04
Full year 2021 earnings released: EPS ₹117 (vs ₹51.21 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹88.9b (up 21% from FY 2020). Net income: ₹8.43b (up 128% from FY 2020). Profit margin: 9.5% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 21% share price gain to ₹569, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 126% over the past three years. Is New 90 Day High Low • Mar 04
New 90-day high: ₹421 The company is up 8.0% from its price of ₹390 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 1.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹22.15 (vs ₹11.71 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹21.1b (up 17% from 3Q 2020). Net income: ₹1.60b (up 89% from 3Q 2020). Profit margin: 7.6% (up from 4.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Executive Departure • Feb 08
Whole-Time Director has left the company On the 1st of February, Amitava Ray's tenure as Whole-Time Director ended after 19.7 years in the role. We don't have any record of a personal shareholding under Amitava's name. A total of 2 executives have left over the last 12 months.