United Polyfab Gujarat Ltd.

•

₹ 36.721.27%

2026-08-21

upgl.inBSE: 544756NSE: UNITEDPOLY

Market Cap₹ 812 Cr.

Current Price₹ 36

High / Low₹ 51 / 21

Stock P/E29.7

Book Value₹ 6

Price to Book3.53

Dividend Yield0.00 %

ROCE15.1 %

ROE20.0 %

Face Value₹ 1

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ABOUT

KEY POINTS

PROS

Latest quarter profit grew 31.9% YoY, showing strong momentum
Company converts assets efficiently - asset turnover of 2.5x

CONS

Receivables are growing faster than sales - a possible quality concern
Inventory has been piling up - inventory days up from 10 to 21

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

TextilesTextileTextile - Weaving

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SIYSIL	633.40	12.11	2873.74	2.53	11.01	137.31	445.66	14.42	20.46	4.05
2.	UNITEDPOLY	35.39	29.74	812.26	0.00	7.82	31.87	179.85	23.03	15.11	6.90
3.	VTMLTD	46.28	0.00	465.43	0.00	19.32	319.54	984.04	1266.97	4.55	5.92
4.	MANOMAY	214.35	0.00	386.87	0.00	4.95	11.28	197.51	20.48	12.74	10.01
5.	VGL	56.95	0.00	293.46	0.00	78.81	—	1179.33	—	21.49	14.91
6.	JASCHIND	305.00	9.21	207.34	0.00	5.07	-4.97	59.32	-3.79	19.22	11.43
7.	BSL	123.00	0.00	126.59	0.00	1.72	266.38	169.72	7.41	6.01	8.42
8.	KGDENIM	14.21	3.22	36.43	0.00	8.44	359.69	4.86	-64.71	-7.29	-86.21

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	216	138	159	152	153	146	185	175	172	180
	208	129	147	140	142	133	173	161	163	172
Operating Profit	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	0	4	0	-0	0
Interest	2	3	2	2	3	2	3	2	3	2
Depreciation	3	3	3	3	3	3	3	3	3	2
	3	2	7	7	5	8	10	8	4	8
Tax %	104.73%	-51.41%	24.92%	25.84%	26.83%	25.78%	26.89%	42.11%	-100.00%	6.30%
Net Profit	0	4	5	5	0	6	8	5	7	8
	0	2	2	2	2	0	0	0	0	0
Equity Capital	23	23	23	23	23	23	23	23	23	23
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	23	23	23	23	23	23	23	23	23	23
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2024

: 216
: 208
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 3
Tax %: 104.73%
Net Profit: 0
: 0
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 138
: 129
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 3
: 2
Tax %: -51.41%
Net Profit: 4
: 2
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 159
: 147
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 7
Tax %: 24.92%
Net Profit: 5
: 2
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 152
: 140
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 7
Tax %: 25.84%
Net Profit: 5
: 2
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 153
: 142
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 3
: 5
Tax %: 26.83%
Net Profit: 0
: 2
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 146
: 133
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 8
Tax %: 25.78%
Net Profit: 6
: 0
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 185
: 173
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 3
Depreciation: 3
: 10
Tax %: 26.89%
Net Profit: 8
: 0
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 175
: 161
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 8
Tax %: 42.11%
Net Profit: 5
: 0
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 172
: 163
Operating Profit: —
OPM %: —
Other Income: -0
Interest: 3
Depreciation: 3
: 4
Tax %: -100.00%
Net Profit: 7
: 0
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 180
: 172
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 2
: 8
Tax %: 6.30%
Net Profit: 8
: 0
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	908	602	712
	876	558	668
Operating Profit	35	45	—
OPM %	4	7	—
Other Income	3	1	4
Interest	10	11	10
Depreciation	13	13	12
	12	21	31
Tax %	46	17	11
Net Profit	7	18	27
EPS	3	8	—
Dividend Payout %	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	0	1	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	0	1	—

Mar 2024

: 908
: 876
Operating Profit: 35
OPM %: 4
Other Income: 3
Interest: 10
Depreciation: 13
: 12
Tax %: 46
Net Profit: 7
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2025

: 602
: 558
Operating Profit: 45
OPM %: 7
Other Income: 1
Interest: 11
Depreciation: 13
: 21
Tax %: 17
Net Profit: 18
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

TTM

: 712
: 668
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 10
Depreciation: 12
: 31
Tax %: 11
Net Profit: 27
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 39%
5 Years:: 102%
3 Years:: 55%
1 Year:: 0%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
LIABILITIES	-	-
Equity Capital	23	23
	57	74
	32	45
Trade Payables	22	18
	109	86
Total Liabilities	243	246
ASSETS	-	-
	80	94
Capital Work in Progress	25	0
	26	45
	98	97
Cash & Bank	5	5
	10	6
Total Assets	243	246
Total Debt	125	118
Net Working Capital	54	59
Contingent Liabilities	3	24
Book Value per Share	34.70	42.40
Face Value	10.00	10.00
Total Debt	125	118
Net Working Capital	54	59
Contingent Liabilities	3	24
Book Value per Share	34.70	42.40
Face Value	10.00	10.00

Mar 2024

Equity Capital: 23
: 57
: 32
Trade Payables: 22
: 109
Total Liabilities: 243
: 80
Capital Work in Progress: 25
: 26
: 98
Cash & Bank: 5
: 10
Total Assets: 243
Total Debt: 125
Net Working Capital: 54
Contingent Liabilities: 3
Book Value per Share: 34.70
Face Value: 10.00
Total Debt: 125
Net Working Capital: 54
Contingent Liabilities: 3
Book Value per Share: 34.70
Face Value: 10.00

Mar 2025

Equity Capital: 23
: 74
: 45
Trade Payables: 18
: 86
Total Liabilities: 246
: 94
Capital Work in Progress: 0
: 45
: 97
Cash & Bank: 5
: 6
Total Assets: 246
Total Debt: 118
Net Working Capital: 59
Contingent Liabilities: 24
Book Value per Share: 42.40
Face Value: 10.00
Total Debt: 118
Net Working Capital: 59
Contingent Liabilities: 24
Book Value per Share: 42.40
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	2	19
Cash from Investing	-21	-3
Cash from Financing	12	-17
	-7	0
Free Cash Flow	2	17
OCF / Net Profit	0.24	1.10
Cumulative 5-Year FCF	0	0
OCF / Net Profit	0.24	1.10
Cumulative 5-Year FCF	0	0

Mar 2024

: 2
Cash from Investing: -21
Cash from Financing: 12
: -7
Free Cash Flow: 2
OCF / Net Profit: 0.24
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.24
Cumulative 5-Year FCF: 0

Mar 2025

: 19
Cash from Investing: -3
Cash from Financing: -17
: 0
Free Cash Flow: 17
OCF / Net Profit: 1.10
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.10
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
PER SHARE	-	-
EPS (₹)	2.88	7.71
Book Value (₹)	34.70	42.40
Dividend per Share (₹)	0.00	0.00
Cash EPS (₹)	0.85	1.34
PROFITABILITY	-	-
Operating Margin %	3.52%	7.27%
Net Margin %	0.73%	2.94%
ROE %	8.30%	19.99%
ROCE %	10.75%	15.11%
	2.72%	7.24%
EFFICIENCY	-	-
Debtor Days	39	59
Inventory Days	10	21
Payable Days	10	14
	40	66
FINANCIAL HEALTH	-	-
Debt to Equity (x)	1.58x	1.22x
Interest Coverage (x)	2.26x	3.02x
	1.64x	1.64x
GROWTH	-	-
Revenue Growth %	0.00%	-33.71%
Operating Profit Growth %	0.00%	28.49%
Net Profit Growth %	0.00%	167.67%
	0.00%	167.67%
VALUATION	-	-
P/E (x)	3.18x	1.94x
P/B (x)	2.64x	3.53x
Dividend Yield %	0.00%	0.00%
	9.49x	10.19x

Mar 2024

EPS (₹): 2.88
Book Value (₹): 34.70
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.85
Operating Margin %: 3.52%
Net Margin %: 0.73%
ROE %: 8.30%
ROCE %: 10.75%
: 2.72%
Debtor Days: 39
Inventory Days: 10
Payable Days: 10
: 40
Debt to Equity (x): 1.58x
Interest Coverage (x): 2.26x
: 1.64x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 3.18x
P/B (x): 2.64x
Dividend Yield %: 0.00%
: 9.49x

Mar 2025

EPS (₹): 7.71
Book Value (₹): 42.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.34
Operating Margin %: 7.27%
Net Margin %: 2.94%
ROE %: 19.99%
ROCE %: 15.11%
: 7.24%
Debtor Days: 59
Inventory Days: 21
Payable Days: 14
: 66
Debt to Equity (x): 1.22x
Interest Coverage (x): 3.02x
: 1.64x
Revenue Growth %: -33.71%
Operating Profit Growth %: 28.49%
Net Profit Growth %: 167.67%
: 167.67%
P/E (x): 1.94x
P/B (x): 3.53x
Dividend Yield %: 0.00%
: 10.19x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.29	50.29	51.51	51.51	51.50	51.51	51.51	51.51	51.51
	6.12	6.12	6.12	6.12	6.12	6.09	6.07	6.04	6.04
	0.00	0.00	1.74	2.18	2.16	2.16	2.16	2.16	2.16
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	43.59	43.59	40.63	40.19	40.21	40.24	40.26	40.29	40.29

Jun 2024

: 50.29
: 6.12
: 0.00
Government: 0.00
: 43.59

Sep 2024

: 50.29
: 6.12
: 0.00
Government: 0.00
: 43.59

Dec 2024

: 51.51
: 6.12
: 1.74
Government: 0.00
: 40.63

Mar 2025

: 51.51
: 6.12
: 2.18
Government: 0.00
: 40.19

Jun 2025

: 51.50
: 6.12
: 2.16
Government: 0.00
: 40.21

Sep 2025

: 51.51
: 6.09
: 2.16
Government: 0.00
: 40.24

Dec 2025

: 51.51
: 6.07
: 2.16
Government: 0.00
: 40.26

Mar 2026

: 51.51
: 6.04
: 2.16
Government: 0.00
: 40.29

Jun 2026

: 51.51
: 6.04
: 2.16
Government: 0.00
: 40.29

Documents

Announcements

Copy of Newspaper Publication
2026-08-11 - United Polyfab Gujarat Limited has informed the Exchange about Copy of Newspaper Publication
Outcome of Board Meeting
2026-08-10 - United Polyfab Gujarat Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.