Uni Abex Alloy Products (BSE: UNIABEXAL) had a P/E of 2.7× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 34% below their 52-week high. Sales and net profit grew 10% and 147% a year over 3 years; its ROCE of 79% is the highest among the 7 largest Steel peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹750 Cr, ranked 67th of 150 Steel companies by market cap; the shares rose 13% over the past year.
- ₹3,892.00
- ₹3,892.25
- ₹3,730.00
- ₹3,797.35
- 446
Health check
- ReturnsIn line
+13.0% over a year, better than 3 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +10.3%, profit +147.1% a year over 3 years.
- ProfitabilityStrong
ROCE 79.0% vs peer median 18.7%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Defensive
Key metrics
- Market cap
- ₹750 Cr
- Small cap
- P/E
- 2.7
- Industry 19.9
- Price to book
- 1.81
- Peers 2.28
- Dividend yield
- 0.98%
- ROE
- 100.6%
- Peers 23.4%
- ROCE
- 79.0%
- Peers 18.7%
- Debt to equity
- 0.03
- Debt ₹13 Cr
- EPS (TTM)
- ₹1,425.61
- OPM (TTM)
- 22.2%
- Net margin 127.6%
- Sales growth
- +4.7%
- Latest quarter vs a year ago
- Profit growth
- +30.5%
- Latest quarter vs a year ago
- Price to sales
- 3.40
- EV/EBITDA 10.3
Strengths and risks
Strengths
- Return on equity of 100.6%.
- Return on capital employed of 79.0%.
- Practically debt-free.
- Quarterly profit up 30.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 34% below its 52-week high.
About Uni Abex Alloy Products
Uni Abex Alloy Products Limited manufacturers and exports centrifugal and static castings in heat, corrosion, and wear resistant stainless-steel alloys in India, Europe, the United States, and internationally. The company offers heat resistant products, such as reformer tubes/catalyst tubes, hot collectors/headers, bends and elbows, tube support and hangers, radiant coil assembly, ladder side member, reducer and grids, cold cast beam, air injection tube,…
- Headquarters
- Dharwar
- Employees
- 103
- Sector
- Basic Materials
- ISIN
- INE361D01012
- Website
- uniabex.com
Price range
- Avg volume (3M)
- 790
- 1-year return
- plus 13.0%
- From 52-week high
- minus 34.0%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| UNIABEXALUni Abex Alloy Products | 3,795.25 | minus 0.06% | 750 | 2.7 | 8.9 | 79.0% | 22.2% | 0.03 | 10.3% | plus 13.0% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 39.2 | 55.8 | 45.5 | 78.3 | 41 | |
| 32.4 | 41.1 | 39.7 | 54.1 | 36.7 | |
| 6.8 | 14.7 | 5.8 | 24.2 | 4.3 | |
| 17.4% | 26.4% | 12.7% | 31.0% | 10.5% | |
| 2.1 | 1.7 | 2.7 | 3 | 6.8 | |
| 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | |
| 1.3 | 1.3 | 1.2 | 1.3 | 1.2 | |
| – | – | – | 274 | – | |
| 7.5 | 15 | 7 | 299 | 9.7 | |
| 25.8% | 25.4% | 22.2% | 13.9% | 25.5% | |
| 5.6 | 11.2 | 5.5 | 258 | 7.3 | |
| 28.14 | 56.73 | 27.70 | 1304.45 | 36.73 |
Profit & loss
- Sales CAGR 3Y
- +10.3%
- Profit CAGR 3Y
- +147.1%
- EPS CAGR 3Y
- +147.1%
- ROE
- 100.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 162 | 179 | 192 | 218 | |
| – | +10.4% | +7.0% | +13.7% | |
| 134 | 130 | 148 | 166 | |
| 28.5 | 49.2 | 44.1 | 51.8 | |
| 17.6% | 27.5% | 23.0% | 23.8% | |
| 0.8 | 2.5 | 4.1 | 5.4 | |
| 0.7 | 0.5 | 0.5 | 0.5 | |
| 3.9 | 4.7 | 5 | 5 | |
| 0.7 | 1.5 | 2.6 | 277 | |
| 25.4 | 48.1 | 45.2 | 329 | |
| 27.0% | 26.3% | 25.8% | 14.9% | |
| 18.5 | 35.5 | 33.6 | 280 | |
| – | +91.4% | minus 5.3% | +733.6% | |
| 93.82 | 179.54 | 169.99 | 1417.02 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2 | 2 | 2 | 2 | |
| 79.6 | 111 | 140 | 413 | |
| 13.5 | 19.4 | 13.2 | 12.5 | |
| 31.4 | 29 | 40.9 | 65.7 | |
| 126 | 162 | 196 | 493 | |
| 26.7 | 24.7 | 23.7 | 23.8 | |
| 0.9 | 0.6 | 0.6 | 1.1 | |
| 1.3 | 1.3 | 1.5 | 2.3 | |
| 40.9 | 43.7 | 62.8 | 303 | |
| 56.7 | 91.2 | 107 | 162 | |
| 126 | 162 | 196 | 493 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.9 | 28 | 34.5 | 25.3 | |
| −12.2 | −34.1 | −16.5 | 26.2 | |
| −4.3 | 1.5 | −11.7 | −8.1 | |
| 9.4 | −4.5 | 6.2 | 43.4 | |
| −3.6 | −3.2 | −4.6 | −4.5 | |
| 22.4 | 24.8 | 29.9 | 20.8 | |
| −2.4 | −4 | −4.9 | −6.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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