BSE: 500148 | NSE: UFLEX cmp: 187.15
Polyester chips and BOPET and BOPP films maker Uflex Ltd. declared 72% jump in consolidated revenues for Q3FY11 to Rs. 1,020 crore. Higher revenue growth was mainly on account of new capacities coming onboard and higher utilization. New Egypt facility, in addition to Mexico and Dubai catering to overseas markets, increased company’s export mix to 53% of total revenues. During the quarter, EBITDA more than tripled to Rs. 397 crore, from Rs. 113 crore a year ago. EBITDA margins strengthened to 39% and 33% for Q3 and 9m of FY11 respectively.
On the lines of Jindal Poly Films, which declared strong Q3 numbers on 10th January, India’s largest flexible packaging company, Uflex, also showed very healthy growth, with net profitrising more than five-fold, to Rs. 251 crore from Rs. 48 crore, YoY, on back of higher net realization of its products line. Ongoing expansions at Jammu (India), Egypt and Mexico worth US$ 250 million, in the next 12 months, promise the company’s excellent performance to continue. With 9m EPS of Rs. 73 and CMP of Rs. 185, the company is trading at a very attractive PE of less than 2 times, based on expected FY11 earnings. It is sure to see PE expansion in the days to come.
you can buy this stock on every tips and hold for more than six months for good returns.
Thanks for the review. Uflex Q3 results are good and have raised the hopes of investors...the strong profits can be attributed to company’s policy of capacity expansion and higher realizations. Also, keeping in view the current market scenario, the market sentiments are not that good and this will take some time for Uflex to come back. Therefore, uflex stock that can be held for medium and long term gains.
ReplyDeleteAshok Chaturvedi CMD Uflex says that Uflex has a strong position in the domestic and international flexible packaging market.
ReplyDeletenice blog.Established in 2009 Star Flexi Film has today gained the credentials of being leading world class manufacturers, importers and suppliers of an extensive range of Polyester Film, Metallic Polyester Film, adhesive’s, laminated pouch, BOPP films, CPP films, opaque films, PVC films, also we import lldp resins,pp,hm,hdpe,pvc, bopp granules and resins and stockiest and traders of similar products.Polyster Film Importers.
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