The shares of the leading multinational flexible packaging solutions provider gained up to 10 percent after the company’s subsidiary commissioned a CPP Film Production Line. 

With a market capitalization of Rs 3,317.76 crore, the shares of Uflex Ltd were trading at Rs 459.45 per share, increasing around 8.87 percent as compared to the previous closing of Rs 422.00 apiece. 

According to the company filing, Flex Films Rus LLC, Russia, a step-down subsidiary of Uflex Ltd has commissioned a CPP Film production Line with an installed capacity of 18000 MT per year. 

Looking into the company’s financial, Uflex Ltd’s revenue decreased by 5 percent from Rs 3,483 Crore in Q3FY23 to Rs 3,309 Crore in Q3FY24. During the same period, net loss decreased 21 percent from Rs 85 crore to Rs 67 crore. 

Uflex Ltd has 16 cutting-edge manufacturing infrastructures, a global presence across five continents and over 150 countries, and a workforce of over 10,000 individuals. 

The business has over 20 years of experience establishing circularity in polymers. In FY23, we recycled 0.5 million tons of MLP and invested at least USD 20 million in Poland and Mexico. 

In the year, the Company established BOPET and CPP film factories in Dharwad, Karnataka, with capacities of 45,000 MT and 18,000 MT, respectively, and a CPP film facility in Dubai with a capacity of 18,000 MT. 

The firm has an extensive clientele, including well-known companies like Coca-Cola, Nestle, Mondelez International, and others. 

In terms of client concentration, the firm has a diverse customer base, with its top customer accounting for 12 percent of revenues and its top five customers accounting for around 22 percent of revenues. 

Uflex Ltd is a renowned Indian multinational firm that manufactures and sells flexible packaging goods and provides a comprehensive flexible packaging solution to its clients worldwide. 

Written by:- Abhishek Singh 


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