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Uflex Ltd

BSE Code : 500148 | NSE Symbol : UFLEX | ISIN:INE516A01017| SECTOR : Packaging |

NSE BSE
 
SMC up arrow

442.10

2.85 (0.65%) Volume 11051

18-May-2024 EOD

Prev. Close

439.25

Open Price

439.25

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

442.10(260)

 

Today’s High/Low 447.70 - 438.80

52 wk High/Low 499.60 - 370.95

Key Stats

MARKET CAP (RS CR) 3184.46
P/E 17.47
BOOK VALUE (RS) 409.6482482
DIV (%) 30
MARKET LOT 1
EPS (TTM) 25.25
PRICE/BOOK 1.07653334766537
DIV YIELD.(%) 0.68
FACE VALUE (RS) 10
DELIVERABLES (%) 65.09
4

News & Announcements

18-May-2024

Uflex to table results

15-May-2024

Uflex Ltd - UFLEX Limited - Updates

15-May-2024

Uflex Ltd - UFLEX Limited - Updates

03-May-2024

Uflex Ltd - UFLEX Limited - Other General Purpose

18-May-2024

Uflex to table results

05-Feb-2024

Uflex to announce Quarterly Result

07-Nov-2023

Uflex to declare Quarterly Result

24-Aug-2023

Uflex appoints director

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A and M Jumbo Bags Ltd 535046 AMJUMBO
Adarsh Plant Protect Ltd 526711
Aditya Polymers Ltd 514338
Ador Technopak Ltd(merged) 516076
AGI Greenpac Ltd 500187 AGI
Akar Laminators Ltd 500005 AKARLAMIN
Akar Polymatik Ltd (Merged) 516056
AMD Industries Ltd 532828 AMDIND
Antarctica Ltd 526715 ANTGRAPHIC
Anuroop Packaging Ltd 542865
ARM Polymers Ltd 514396
Arun Mantex Ltd 514340
Ashok Polymers Ltd 40470
Asian Closures Ltd 513279
Asian Consolidated Industries Ltd 500022 ASIANCONSO
Avon Industries Ltd 523531 AVONIND
B & A Packaging India Ltd 523186
Balmer Lawrie Freight Containers Ltd 500037
Balmer Lawrie Vanleer Ltd 505864
Baroda Polyplast Ltd 514346
Beardsell Ltd 539447 BEARDSELL
Biax Ltd (Merged) 523393 BIAX
Bilcare Ltd 526853
BKM Industries Ltd 539043 BKMINDST
Canbay Polyfilms Ltd (Wound-up) 526658
Clara Industries Ltd 543435
Commercial Syn Bags Ltd 539986 COMSYN
Consolidated Containers (India) Ltd 526147
Cosmo First Ltd 508814 COSMOFIRST
Cropster Agro Ltd 523105
D.K. Enterprises Global Ltd 535407 DKEGL
Deccan Polypacks Ltd 531989
Duck Tarpaulins Ltd 512620
Duropack Ltd 526355
Eastern Synpacks Ltd 40201
Ecoplast Ltd 526703
Emmbi Industries Ltd 533161 EMMBI
Encode Packaging India Ltd 530733
EPL Ltd 500135 EPL
Ester Industries Ltd 500136 ESTER
Everest Kanto Cylinder Ltd 532684 EKC
Expo Gas Containers Ltd 526614
FCL Technologies & Products Ltd(merged) 524600 FLEXCHEM
Flexituff Ventures International Ltd 533638 FLEXITUFF
G Claridge & Co Ltd 509545
Galore Prints Industries Ltd 526679
Garware Hi Tech Films Ltd 500655 GRWRHITECH
Gilt Pack Ltd 507711
Glory Films Ltd 532857 GLORY
Gold Earth Bio-tech Limited 530767
Greenfield Corp Ltd 531912
Gujarat Containers Ltd 513507
Gujarat Craft Industries Ltd 526965
Gujarat Polyweave Ltd (Wound Up) 507764
Gujarat Propack Ltd (Merged) 507790
Gulabdas Flexipack Industries Ltd 530685
Harsh Polymers(India) Ltd 514370
HCP Plastene Bulkpack Ltd 526717
Him Containers Ltd 523535
Hindustan Adhesives Ltd 514428
Hindustan Tin Works Ltd 530315 HINDTINWRK
Hitech Corporation Ltd 526217 HITECHCORP
Hitkari Industries Ltd 530633
Hoysala Blow Moulders (India) Ltd 507906
Huhtamaki India Ltd 509820 HUHTAMAKI
India Containers Ltd 40218
Inditalia Refcon Ltd 517526
Inox India Ltd 544046 INOXINDIA
Jalpac India Ltd 523230
JCL Ltd 530335
Jhaveri Flexo India Ltd 507796
JMDE Packaging & Realties Ltd 524378
Jumbo Bag Ltd 516078 JUMBO
Kahan Packaging Ltd 543979
Kailash Structurals Ltd 40210
Kaira Can Company Ltd 504840
Kanpur Plastipack Ltd 507779 KANPRPLA
Kanpur Plastipack Ltd Partly Paid Up 890143
Karan Industries Ltd 514390
Karnavati Alfa International Ltd 526451
Karur KCP Packkagings Ltd 531363 KARURKCP
KLJ Plastics Ltd 526257
Kuwer Industries Ltd 530421
Leela Packaging Ltd 523884
Magnum Polymers (India) Ltd 40182
Mahip Industries Ltd 542503
Maniyar Plast Ltd 526321
Manjushree Technopack Ltd 532950 MANJUSHREE
Maruti Plastics Ltd 519341
Marvel Industries Ltd 532073
Mauria Udyog Ltd 539219
Mega Flex Plastics Ltd 535472 MEGAFLEX
Metal Box India Ltd 504838
Mewar Polytex Ltd 531236
Midland Plastics Ltd 523698
Midland Polymers Ltd 531597
MLG Industries Ltd 513619
Mold-Tek Packaging Ltd 533080 MOLDTKPAC
Morgan Industries Ltd 523564
MTZ Polyfilms Ltd 512424
Nahar Polyfilms Ltd 523391 NAHARPOLY
Natco Polyplast Ltd 526743
Neo Corp International Ltd 523820 NEOCORP
New Plastomers India Ltd 526777
Numech Emballage Ltd 507884
Oberoi Plastics Ltd (Wound-up) 526803
Ocean Agro Industries Ltd 519491
Oricon Enterprises Ltd 513121 ORICONENT
Orient Press Ltd 526325 ORIENTLTD
Packtech Industries Ltd 523702
Panjwani Packaging Ltd 523584
Paramount Printpackaging Ltd 533399 PARAPRINT
PCI Papers Ltd 40460
Perfectpac Ltd 526435
Pithampur Poly Products Ltd 530683
Point Plast Ltd 526053
Polyplex Corporation Ltd 524051 POLYPLEX
Polyspin Exports Ltd 539354
Poysha Industrial Company Ltd 504887
Pressure Sensitive Systems (India) Ltd 526773
Prestige HM-Polycontainers Ltd 507707
Prudential Polywebs Ltd 526023
Purity Flex Pack Ltd 523315
Pushpa Packages Ltd 40254
Pyramid Technoplast Ltd 543969 PYRAMID
Quantum Digital Vision India Ltd 530281
Raaj Medisafe India Ltd 524502
Radiant Rotogravure Ltd 531526
Raj Packaging Industries Ltd 530111
Rajeshwari Cans Ltd 543285
Rajshree Polypack Ltd 535109 RPPL
Ras Extrusions Ltd (Merged) 523780
Ras Propack Lamipack Ltd (Merged) 500361 RASLAMIPAK
Rasik Plast Ltd 526552
Rathi Graphic Technologies Ltd 524610
RDB Rasayans Ltd 533608
Rex Sealing & Packing Industries Ltd 543744
Rishi Techtex Ltd 523021 RISHIPACK
Rollatainers Ltd 502448 ROLLT
Rotoflex Industries Ltd 526903
Sabar Flex India Ltd 535473 SABAR
Safepack Polymers Ltd (Wound-up) 523090
Sah Polymers Ltd 543743 SAH
Salguti Industries Ltd 526554
Shaan Interwell (India) Ltd 514458 SHAANINTER
Sharp Industries Ltd 523359
Shatranjay Extrusions Ltd 513476
Shetron Ltd 526137 SHETRON
Shree Rama Multi-Tech Ltd 532310 SHREERAMA
Shree Tirupati Balajee FIBC Ltd 535013 TIRUPATI
Shri Jagdamba Polymers Ltd 512453
Siltap Chemicals Ltd (Merged) 507777 SILTAPCHEM
Sonal Adhesives Ltd 526901
Srivasavi Adhesive Tapes Ltd 66254 SRIVASAVI
Stanpacks (India) Ltd 530931
Suniti Commercials Ltd 512357
Superior Industrial Enterprises Ltd 519234
Suprapti Plastics Ltd 530539
Supreme Oriented Films Ltd (Merged) 523273
Sushil Packaging (India) Ltd 516094
TCPL Packaging Ltd 523301 TCPLPACK
Texel Industries Ltd 526638
Texel Industries Ltd Partly PaidUp 890155
Texplast Industries Ltd 530635
TPI India Ltd 500421 TPINDIA
TPL Plastech Ltd 526582 TPLPLASTEH
Trans Asia Packaging Ltd (Merged) 523402
Trans Freight Containers Ltd 513063 TRANSFREIT
Uma Converter Ltd 75729 UMA
Ushma Polymers Ltd 514372
Uvifort Metallizers Ltd (Merged) 523481
Vallabha Poly-Plast International Ltd 530403
Varun Seacon Ltd (Wound Up) 526297 VARUNSEA
Victory Laminations Ltd 40202
Vinayak Polycon International Ltd 534639
Virgo Polymers (India) Ltd 531282
Volplast Ltd 531922
Wilwayfort India Ltd 530293
Wopolin Plastics Ltd 509419 WOPOLIN
Worth Peripherals Ltd 535008 WORTH
Yashraj Containeurs Ltd 530063

Share Holding

Category No. of shares Percentage
Total Foreign 18140811 25.12
Total Institutions 524258 0.73
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 10721919 14.85
Total Promoters 32190949 44.58
Total Public & others 10633549 14.73
Total 72211486 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Uflex Ltd

Uflex Ltd, the flagship company of the Flex Group is an India-based flexible packaging Company. The Company is a leading Indian Multinational, engaged in the manufacture and sale of flexible packaging products & offers a complete flexible packaging solution to its customers across the globe. The flexible packaging business consists of multi-layer laminated rolls of plastics, paper, cloth or metal foils that are used separately or in combination for various packaging applications. It manufactures printing ink and adhesives. Uflex Ltd was incorporated in the year June 21st, 1988, with the name Flex Industries Ltd. In the year 1989, Flex Laminators and Flex Papers were merged with the company. In November 1994, the company launched the operation of first line for the production of BOPET films with the capacity of 20,000 TPA. In January 1996, they launched the operation of second line for the production of BOPET films with the capacity of 20,000 TPA and in June 1996, they launched the operation of the first line for production of BOPP films with the capacity of 20,000 TPA. In January 1997, they started the commercial production of Polyethylene Teraphthalate chips. In June 2001, the company formed a wholly owned subsidiary company, namely Uflex America, located in North Carolina, USA. In July 2002, they installed the first Metallizer with a capacity of 6000 TPA and in March 2003, they installed cast polypropylene film line for producing CPP films with a capacity of 6000 TPA. In October 2003, they installed the second Metallizer with the capacity of 6000 TPA. In December 2003, the company launched the operation of the second line for the production of BOPP Films with a capacity of 15,000 TPA and in April 2004, they launched the operation of the third line for the production of BOPET Films with a capacity of 20,000 TPA. During the year 2004-05, Flex Middle East FZE and Flex Europe Pvt Ltd became the subsidiary companies of the company. In July 2004, the company installed the third Metallizer with a capacity of 6000 TPA in Jabel Ali Free Zone, UAE and in March 2005; they set up a state-of-art polyester line with a capacity of 20,000 TPA in Jabel Ali Fee Zone. In July 2005, the company installed the fourth Metallizer with plasma treatment facility with a capacity of 6000 TPA. During the year 2006-07, Flex Securities Ltd, Flex Engineering Ltd and FCL Technologies and Products Ltd merged with the company with effect from December 4, 2006. Also, the name of the company was changed from Flex Industries Ltd to Uflex Ltd. In October 2007, the company launched the operations of fifth line, 8.7 mtr wide for the production of BOPET Films with a capacity of 25000 MT/annum in Flex Middle East FZE, Dubai. Also, they launched the operations of 1.85 mtr wide Thermal Lamination Machine for the production of Thermal Lam BOPP Film with a capacity of 3600 TPA. The company set up the facilities to product flexible packaging materials with installed capacity of 12,000 TPA and Holographic materials with an installed capacity of 1600 MT per annum at Bari Brahmana in Jammu & Kashmir, which started their production from April 2008. The company is in the process of setting up Distillery Project near Aligarh in the State of Uttar Pradesh with an initialed capacity of 90 KL per day. Also, the company has decided to set up two line of PET film with a capacity of 26,400 MT each, aggregating to total capacity of 52,800 MT through a wholly owned subsidiary company. In April 2009, the company sold and transferred 51% of the holdings of UBIO Chemicals Ltd to the third party in terms of share purchase agreement dated March 30, 2009. Further, balance 49% of the shareholding of UBIO Chemicals Ltd will also be transferred in due course of time in terms of the said Share Purchase Agreement or any amendment thereof. In 2016 Uflex Limited and WaveFront Technology Inc. announced an extension of their existing alliance in India to bring manufacturing of Fresnel lens packaging films to Europe. The set up operates within Flex Films Europa Sp. Z O.O's (subsidiary company of Uflex) facility in Wrzesnia, Poland with WaveFront Technology Europe leading the sales & marketing activities. The concept of Design-Develop-Deliver the Fresnel Lens Packaging films in Europe derives its strength by working with Flex Films in Poland and by utilizing the holographic skills and capabilities of Uflex. At DRUPA 2016, Uflex shook hands with Italian firm Comiflex to manufacture C.I. Flexo printing Machines under a Technology Transfer Agreement with the latter at Uflex's manufacturing plant in Noida (India). While Uflex is commended for its engineering/ manufacturing capabilities, Comiflex SRL is a renowned entity in the field of designing and producing high quality C.I. Flexo Machines. This alliance is therefore being seen as the marriage between Technology of Comiflex and Manufacturing Prowess of Uflex and is progressing very well. All technical designs and drawings from Comiflex have been transferred to the design department of Uflex and team is now assembling the first 1.3 meter web, 8 color, central drum CI Flexo printing Machine in Noida that is being designed to operate at a speed of 400 meters per minute. In September 2016, Uflex launched ESL Aseptic Flexi-pouch Machine for packaging milk in a pouch made from five to seven layered extruded/blown polyethylene films with strong barrier properties including a black layer for U.V. protection. This solution extends the shelf life of milk up to 90 days. Uflex is the only company in India to manufacture this kind of sophisticated machines. As a fully integrated packaging solution provider, it offers the especially extruded/blown film too. During the Year, Flex P. Films (Brasil) Comercio De Films Plasticos Ltda was ceased to be a wholly owned subsidiary company with effect from 28th March 2017. In year 2017, the Company shook hands with Ms. Think Lab, Japan and set up a Fully Automatic Robotic Laser Engraving Line for manufacturing rotogravure cylinders at the Noida facility. The robotic laser engraving line has reduced the cumbersome process of manufacturing rotogravure-printing cylinders to a single operator job. While over 200 cylinders are manufactured per day using the conventional process at Uflex, through the robotic laser engraving line spread in approximately 1/10th of the entire cylinder manufacturing shop floor area at Noida, a single operator can produce additional 60 cylinders per day. Flex Middle East FZE, UAE; UFlex Europe Limited, UK; UFlex Packaging Inc., USA; UPET Holdings Ltd., Mauritius; UTech Developers Limited, India and USC Holograms Pvt. Ltd., India are Subsidiary Companies u/s 2(87) of the Companies Act, 2013. Digicyl Pte. Limited, Singapore has been incorporated as Wholly Owned Subsidiary of the Company during the year 2018. Further, UPET (Singapore) Pte. Ltd., Singapore; Flex Americas, S.A. de C.V., Mexico; Flex P Films (Egypt) S.A.E, Egypt; Flex Films Europa Sp.zo.o., Poland; Flex Films (USA) Inc.; and SD Buildwell Pvt. Ltd. are step-down subsidiaries of the Company. Refex Energy (Rajasthan) P Ltd and Bundelkhand Projects Pvt. Ltd ceased to be step Subsidiaries of the Company w.e.f. 31st May 2017. In the fiscal 2020-21, the company's subsidiary Flex Films Egypt, undertook a brownfield expansion in Egypt with the commissioning of another 10.4 mt wide BOPP line. Its subsidiary re-commissioned BOPET lines from UAE to new Russian plant, situated in Stupino district in Moscow region for catering to Russia & CIS markets. It added capacities of BOPET lines through its subsidiary in Poland, Nigeria and Hungary. In FY'21, the Company developed a host of innovative solutions like six-layered N95 mask to prevent COVID spread, FLEXITUBES in 30-200 ml size range to pack sanitizers, Flex Protect Coverall jointly developed with IIT Delhi & approved by DRDO, easy tear structure for single-dose sanitizers and alcohol-based dual purpose sanitizer During the year 2023, the Company commissioned a BOPET film plant and a CPP film plant at Dharwad, Karnataka, with a capacity of 45,000 MT per annum and 18,000 MT per annum respectively, and a CPP film plant at Dubai with a capacity of 18,000 MT per annum. In addition, it set up a PCR line in Mexico to reprocess post-consumer PET bottles and manufacture polyester (PCR) chips. During year 2022-23, Flex Americas S.A. De C.V., Mexico , Flex P. Films (Egypt) S.A.E, Arab Republic of Egypt, Flex Films (USA) Inc. , USA, Flex Films Europa Sp. Zo.o., Poland, UPET (Singapore) Pte. Limited, Singapore, Flex Films Africa Private Limited, Nigeria, Flex Films Rus, LLC, Russia, Flex Specialty Chemicals (Egypt) S.A.E., Egypt, Flex Foils Bangladesh Private Limited, Bangladesh, Flex Films Europa Korlatolt Feleossegu Tarsasag, Hungary, Flex Pet (Egypt) S.A.E., Egypt were incorporated as subsidiaries of the Company effective from 21st November, 2022. Plasticfix Europa Spolka Z Organiczona Odpowiedzialnoscia, Poland became the step-down subsidiaries of the Company effective from 14th October, 2022. Flex Americas Brasil Ltda, Brazil was incorporated as a step-down Subsidiary w.e.f. 4th April, 2023 and Uflex Woven Bags, S.A. DE C.V., Mexico incorporated as step-down Subsidiary w.e.f. 26th April, 2023. Digicyl Pte. Limited, Singapore and Digicyl Limited, Israel were made as Joint Ventures of the Company. During year 2022-23, the Company launched a fully recyclable spout pouch using BOPP (Biaxially Oriented Polypropylene)/PE films. It launched a machine in Q3, 2022, called LPFS-4U or 4 UP Linear, Pick, Fill, and Seal that guarantees speed, performance, safety, and hygiene.

Uflex Ltd Chairman Speech

Dear Valued Shareholders,

I am delighted to present to you our 34th Annual Report for the Financial Year (FY) 2022-23.

The year witnessed major macroeconomic factors that shaped the global economy—higher interest rates coupled with tightening liquidity, high commodity prices following the Russia-Ukraine conflict, high energy and food prices in Europe, and global supply-chain disruptions, amongst others.

Although these economic challenges impacted the overall demand, your Company emerged resilient, and I am grateful to our customers, partners, employees, and other stakeholders for their relentless collaboration to make this happen.

Your Company's financial performance, industry trends, and expansion plans

In FY23, your Company was able to steer through the challenges of unpredictable market conditions effectively and achieved the highest-ever consolidated net revenue of INR 14,784 crore backed by the highest-ever packaging (3exible and aseptic) sales volume at 1,37,682 MT.

We are witnessing an era of transformational change in the packaging industry driven by both regulations and consumer preferences and the pace of change is accelerating rapidly. Sustainability and e-commerce are the megatrends shaping this era that will provide opportunities on one hand and lead to uncertainties on the other. It will be important for innovative products to be more sustainable and less expensive, and packaging companies will have to consider incorporating new materials, recycled content, and new substrates, into their portfolios.

As extended producer responsibility (EPR) and tax pressures make non-sustainable packaging more problematic, we expect recycling, reuse, re3lling, and biodegradation to gain further traction.

I am confident that our focus on sustainability, distributed global manufacturing strategy, vertical integration, customer centricity, execution capabilities, investments in research and development, and product innovation will enable us to successfully navigate these changes and deliver year-on-year profitable growth.

During the year, your Company commissioned a BOPET 3lm plant and a CPP 3lm plant at Dharwad, Karnataka, with a capacity of 45,000 MT per annum and 18,000 MT per annum respectively, and a CPP 3lm plant at Dubai with a capacity of 18,000 MT per annum. In addition, your Company set up a PCR line in Mexico to reprocess post-consumer PET bottles and manufacture polyester (PCR) chips.

Your Company continues its focus on backward integration for BOPET 3lms by setting up polycondensation plants in Egypt and in Panipat, India, to produce polyester chips that are used to manufacture BOPET 3lm, 3exible packaging materials, and pet bottles. This will ensure consistent availability of quality raw materials at reasonable prices that will help improve margins.

Last year, your Company's aseptic packaging business achieved significant growth and expanded its Sanand, Gujarat, manufacturing facility capacity to 7 billion packs per annum.

We remain bullish on our 3exible packaging business, and our holography and chemicals businesses continue to gather momentum.

Research and Development

As a company, we have always invested in R&D to develop products and solutions for the future. Across all our business lines, we work with our customers to understand their products, consumer expectations, and packaging needs and invest in the latest technologies to deliver on their packaging and brand goals.

In FY23, we applied for several patents and were awarded two patents for our innovative research methodologies in packaging 3lms and our inks and adhesives business.

ESG and Sustainability

As an integral part of our corporate strategy, we have always aligned our sustainability agenda with our business and technological transitions and organizational growth. Today, our business approach includes a holistic, sustainable strategy aimed at providing long-term value for our stakeholders.

From the way we allocate capital toward recycling facilities, and how we manage our operations to reduce greenhouse gas (GHG) emissions, to our supply chain and community partnerships, our business decisions have always been aligned with our sustainability vision and goals.

Continuing the momentum on our sustainability journey, your Company is in the process of commissioning a Multi-Layered Plastic (MLP) recycling facility in Poland.

Our talent management, employee engagement, learning and development initiatives, CSR activities, environmental initiatives, and ethical corporate governance are focused on fulfilling our environmental, social, and governance (ESG) responsibilities.

I would like to thank each member of the UFlex family for their active support and trust in our abilities to deliver on our promise. You continue to motivate us to unleash our potential for the next phase of our growth.

Sincerely,

Ashok Chaturvedi

Chairman and Managing Director

   

Uflex Ltd Company History

Uflex Ltd, the flagship company of the Flex Group is an India-based flexible packaging Company. The Company is a leading Indian Multinational, engaged in the manufacture and sale of flexible packaging products & offers a complete flexible packaging solution to its customers across the globe. The flexible packaging business consists of multi-layer laminated rolls of plastics, paper, cloth or metal foils that are used separately or in combination for various packaging applications. It manufactures printing ink and adhesives. Uflex Ltd was incorporated in the year June 21st, 1988, with the name Flex Industries Ltd. In the year 1989, Flex Laminators and Flex Papers were merged with the company. In November 1994, the company launched the operation of first line for the production of BOPET films with the capacity of 20,000 TPA. In January 1996, they launched the operation of second line for the production of BOPET films with the capacity of 20,000 TPA and in June 1996, they launched the operation of the first line for production of BOPP films with the capacity of 20,000 TPA. In January 1997, they started the commercial production of Polyethylene Teraphthalate chips. In June 2001, the company formed a wholly owned subsidiary company, namely Uflex America, located in North Carolina, USA. In July 2002, they installed the first Metallizer with a capacity of 6000 TPA and in March 2003, they installed cast polypropylene film line for producing CPP films with a capacity of 6000 TPA. In October 2003, they installed the second Metallizer with the capacity of 6000 TPA. In December 2003, the company launched the operation of the second line for the production of BOPP Films with a capacity of 15,000 TPA and in April 2004, they launched the operation of the third line for the production of BOPET Films with a capacity of 20,000 TPA. During the year 2004-05, Flex Middle East FZE and Flex Europe Pvt Ltd became the subsidiary companies of the company. In July 2004, the company installed the third Metallizer with a capacity of 6000 TPA in Jabel Ali Free Zone, UAE and in March 2005; they set up a state-of-art polyester line with a capacity of 20,000 TPA in Jabel Ali Fee Zone. In July 2005, the company installed the fourth Metallizer with plasma treatment facility with a capacity of 6000 TPA. During the year 2006-07, Flex Securities Ltd, Flex Engineering Ltd and FCL Technologies and Products Ltd merged with the company with effect from December 4, 2006. Also, the name of the company was changed from Flex Industries Ltd to Uflex Ltd. In October 2007, the company launched the operations of fifth line, 8.7 mtr wide for the production of BOPET Films with a capacity of 25000 MT/annum in Flex Middle East FZE, Dubai. Also, they launched the operations of 1.85 mtr wide Thermal Lamination Machine for the production of Thermal Lam BOPP Film with a capacity of 3600 TPA. The company set up the facilities to product flexible packaging materials with installed capacity of 12,000 TPA and Holographic materials with an installed capacity of 1600 MT per annum at Bari Brahmana in Jammu & Kashmir, which started their production from April 2008. The company is in the process of setting up Distillery Project near Aligarh in the State of Uttar Pradesh with an initialed capacity of 90 KL per day. Also, the company has decided to set up two line of PET film with a capacity of 26,400 MT each, aggregating to total capacity of 52,800 MT through a wholly owned subsidiary company. In April 2009, the company sold and transferred 51% of the holdings of UBIO Chemicals Ltd to the third party in terms of share purchase agreement dated March 30, 2009. Further, balance 49% of the shareholding of UBIO Chemicals Ltd will also be transferred in due course of time in terms of the said Share Purchase Agreement or any amendment thereof. In 2016 Uflex Limited and WaveFront Technology Inc. announced an extension of their existing alliance in India to bring manufacturing of Fresnel lens packaging films to Europe. The set up operates within Flex Films Europa Sp. Z O.O's (subsidiary company of Uflex) facility in Wrzesnia, Poland with WaveFront Technology Europe leading the sales & marketing activities. The concept of Design-Develop-Deliver the Fresnel Lens Packaging films in Europe derives its strength by working with Flex Films in Poland and by utilizing the holographic skills and capabilities of Uflex. At DRUPA 2016, Uflex shook hands with Italian firm Comiflex to manufacture C.I. Flexo printing Machines under a Technology Transfer Agreement with the latter at Uflex's manufacturing plant in Noida (India). While Uflex is commended for its engineering/ manufacturing capabilities, Comiflex SRL is a renowned entity in the field of designing and producing high quality C.I. Flexo Machines. This alliance is therefore being seen as the marriage between Technology of Comiflex and Manufacturing Prowess of Uflex and is progressing very well. All technical designs and drawings from Comiflex have been transferred to the design department of Uflex and team is now assembling the first 1.3 meter web, 8 color, central drum CI Flexo printing Machine in Noida that is being designed to operate at a speed of 400 meters per minute. In September 2016, Uflex launched ESL Aseptic Flexi-pouch Machine for packaging milk in a pouch made from five to seven layered extruded/blown polyethylene films with strong barrier properties including a black layer for U.V. protection. This solution extends the shelf life of milk up to 90 days. Uflex is the only company in India to manufacture this kind of sophisticated machines. As a fully integrated packaging solution provider, it offers the especially extruded/blown film too. During the Year, Flex P. Films (Brasil) Comercio De Films Plasticos Ltda was ceased to be a wholly owned subsidiary company with effect from 28th March 2017. In year 2017, the Company shook hands with Ms. Think Lab, Japan and set up a Fully Automatic Robotic Laser Engraving Line for manufacturing rotogravure cylinders at the Noida facility. The robotic laser engraving line has reduced the cumbersome process of manufacturing rotogravure-printing cylinders to a single operator job. While over 200 cylinders are manufactured per day using the conventional process at Uflex, through the robotic laser engraving line spread in approximately 1/10th of the entire cylinder manufacturing shop floor area at Noida, a single operator can produce additional 60 cylinders per day. Flex Middle East FZE, UAE; UFlex Europe Limited, UK; UFlex Packaging Inc., USA; UPET Holdings Ltd., Mauritius; UTech Developers Limited, India and USC Holograms Pvt. Ltd., India are Subsidiary Companies u/s 2(87) of the Companies Act, 2013. Digicyl Pte. Limited, Singapore has been incorporated as Wholly Owned Subsidiary of the Company during the year 2018. Further, UPET (Singapore) Pte. Ltd., Singapore; Flex Americas, S.A. de C.V., Mexico; Flex P Films (Egypt) S.A.E, Egypt; Flex Films Europa Sp.zo.o., Poland; Flex Films (USA) Inc.; and SD Buildwell Pvt. Ltd. are step-down subsidiaries of the Company. Refex Energy (Rajasthan) P Ltd and Bundelkhand Projects Pvt. Ltd ceased to be step Subsidiaries of the Company w.e.f. 31st May 2017. In the fiscal 2020-21, the company's subsidiary Flex Films Egypt, undertook a brownfield expansion in Egypt with the commissioning of another 10.4 mt wide BOPP line. Its subsidiary re-commissioned BOPET lines from UAE to new Russian plant, situated in Stupino district in Moscow region for catering to Russia & CIS markets. It added capacities of BOPET lines through its subsidiary in Poland, Nigeria and Hungary. In FY'21, the Company developed a host of innovative solutions like six-layered N95 mask to prevent COVID spread, FLEXITUBES in 30-200 ml size range to pack sanitizers, Flex Protect Coverall jointly developed with IIT Delhi & approved by DRDO, easy tear structure for single-dose sanitizers and alcohol-based dual purpose sanitizer During the year 2023, the Company commissioned a BOPET film plant and a CPP film plant at Dharwad, Karnataka, with a capacity of 45,000 MT per annum and 18,000 MT per annum respectively, and a CPP film plant at Dubai with a capacity of 18,000 MT per annum. In addition, it set up a PCR line in Mexico to reprocess post-consumer PET bottles and manufacture polyester (PCR) chips. During year 2022-23, Flex Americas S.A. De C.V., Mexico , Flex P. Films (Egypt) S.A.E, Arab Republic of Egypt, Flex Films (USA) Inc. , USA, Flex Films Europa Sp. Zo.o., Poland, UPET (Singapore) Pte. Limited, Singapore, Flex Films Africa Private Limited, Nigeria, Flex Films Rus, LLC, Russia, Flex Specialty Chemicals (Egypt) S.A.E., Egypt, Flex Foils Bangladesh Private Limited, Bangladesh, Flex Films Europa Korlatolt Feleossegu Tarsasag, Hungary, Flex Pet (Egypt) S.A.E., Egypt were incorporated as subsidiaries of the Company effective from 21st November, 2022. Plasticfix Europa Spolka Z Organiczona Odpowiedzialnoscia, Poland became the step-down subsidiaries of the Company effective from 14th October, 2022. Flex Americas Brasil Ltda, Brazil was incorporated as a step-down Subsidiary w.e.f. 4th April, 2023 and Uflex Woven Bags, S.A. DE C.V., Mexico incorporated as step-down Subsidiary w.e.f. 26th April, 2023. Digicyl Pte. Limited, Singapore and Digicyl Limited, Israel were made as Joint Ventures of the Company. During year 2022-23, the Company launched a fully recyclable spout pouch using BOPP (Biaxially Oriented Polypropylene)/PE films. It launched a machine in Q3, 2022, called LPFS-4U or 4 UP Linear, Pick, Fill, and Seal that guarantees speed, performance, safety, and hygiene.

Uflex Ltd Directors Reports

Uflex Ltd Company Background

Ashok ChaturvediAshok Chaturvedi
Incorporation Year1988
Registered Office305 3rd Floor Bhanot Corner,Pamposh Enclave Gr Kailash I
New Delhi,New Delhi-110048
Telephone91-011-26440917/26440925,Managing Director
Fax91-011-26216922
Company SecretaryRitesh Chaudhry
AuditorVijay Sehgal & Co/KAAP & Associates
Face Value10
Market Lot1
ListingBSE,Luxembourg,MSEI ,NSE,Singapore,
RegistrarBeetal Fin.&Computer Ser.P Ltd
Beetal House 3rd Flr,Behind Local Shp Cen,Nr Dada Harsukh Das ,New Delhi - 110062

Uflex Ltd Company Management

Director NameDirector DesignationYear
Ashok ChaturvediChairman & Managing Director2023
Tara Sankar Sudhir BhattacharyaIndependent Director2023
Indu LiberhanIndependent Director2023
Pradeep PoddarIndependent Director2023
Alok SabharwalNominee (IFCI)2023
Paresh Nath SharmaIndependent Director2023
Sujit Kumar VarmaIndependent Director2023
Ghyanendra Nath BajpaiIndependent Director2023
Ritesh ChaudhryCompany Sec. & Compli. Officer2023
Rashmi VermaIndependent Director2023
Jeevaraj Gopal PillaWhole Time Director2023

Uflex Ltd Listing Information

Listing Information
BSESMALLCA
BSEALLCAP
INDUSTRIAL
NFTMICC250
NFTYTOTMKT

Uflex Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of ProductsNA0003901.4043
GST RefundNA00037.0553
Scrap SalesNA00032.0081
Job WorkNA00030.8718
Export IncentivesNA00025.4068
Technical FeesNA00021.5938
Exchange FluctuationNA00010.2097
Packing, Forwarding & InsurancNA0004.5573
Support FeesNA0004.1895
Other Operating RevenueNA0002.4144
Other TradedNA0000
OthersNA0000
Service IncomeNA0000
AdjustmentNA0000
Chemicals-TradedNA0000
Printing InksMT0000
AdhesivesMT0000
Adhesives-TradedMT0000
Antifreeze CoolantKL0000
Polymer GranulesMT0000
PET ChipsMT0000
Polyester Chips incl.TradedMT0000
Plast.Films/Paper-Prnt.Lami.EmMT0000
Paper-TradedNA0000
Hologrammed Sticker SheetsShe0000
Aluminium-TradedNA0000
Machine Components -TradedNo0000
Machines-TradedNo0000
Packing & Converting MachinesNo0000
Rotogravure CylindersNo0000

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