Multibagger alert: This packaging materials company has delivered nearly 250% returns in the last two years!

Multibagger alert: This packaging materials company has delivered nearly 250% returns in the last two years!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 01:22 pm 28.7k Views
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Compared to the returns delivered by S&P BSE 500 index, these returns are nearly three times the returns delivered by the index, of which the company is a part.


Uflex Ltd, an S&P BSE 500 company, has become investors' favourite in the last couple of years. This is because the company has delivered brilliant returns to its shareholders in the last two years. During this period, the company’s share price has steadily gained by 244%, going from Rs 172.5 on 11 May 2020 to Rs 594.3 on 10 May 2022. An investment of Rs 1 lakh in this stock last year would have turned to Rs 3.44 lakh today.

Compared to the returns delivered by S&P BSE 500 index, these returns are nearly three times the returns delivered by the index, of which the company is a part. In the last two years, the index has climbed from the level of 11,997.79 on 11 May 2020 to 22,081.75 on 10 May 2022, a rally of 84% in the two years holding period.

Uflex Ltd is the country’s largest multinational flexible packaging materials and solution company. Established in 1985, the company is a leading global player in polymer sciences. It caters to the needs of various sectors such as FMCG, consumer product goods, pharmaceuticals, building materials, automobiles, etc.

The company provides end-to-end solutions to clients across 150 countries spanning the USA, Canada, South America, UK, Europe, CIS countries, South Africa and other African countries, Middle East and the South Asian countries.

In the recent quarter Q3FY22, on a consolidated basis, the company’s net revenue increased by 67.11% YoY to Rs 3463.42 crore. Similarly, the bottom line increased by 95% YoY to Rs 312.85 crore.

The company is currently trading at a TTM PE of 4.24x, as against the industry PE of 5.26x. In FY21, the company delivered an ROE & ROCE of 9.73% and 14.07%, respectively. Also, the company has free-floating market cap of Rs 1825 crore.

At 11.54 am, the shares of Uflex Ltd were trading at Rs 579.65, a decrease of 2.47% from the previous day’s closing price of Rs 594.3 on BSE. The stock has a 52-week high & low of Rs 719 and Rs 412, respectively on BSE.

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