On 6 Nov 2026, United Polyfab Gujarat was priced at ₹52.30, or 38.7× trailing earnings, against an industry P/E of 17.0×. Sales and net profit grew 1.3% and 64% a year over 3 years; its ROCE of 22% is the highest among the 7 largest Textile Manufacturing peers. Debt is 0.81× equity. It is a small-cap company with a market cap of ₹1,200 Cr, ranked 27th of 246 Textile Manufacturing companies by market cap; the shares rose 20% over the past year.
- ₹53.39
- ₹53.39
- ₹51.14
- ₹52.55
- 1.5 L
Health check
- ReturnsIn line
+19.7% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 38.7 vs industry 17.0.
- GrowthSteady
Sales +1.3%, profit +64.3% a year over 3 years.
- ProfitabilityStrong
ROCE 22.0% vs peer median 10.7%.
- Balance sheetFair
Debt 0.81× equity, interest covered 4.1×, Piotroski 7 of 9.
- Red flags2 to check
Quarterly sales down 1.3% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,200 Cr
- Small cap
- P/E
- 38.7
- Industry 17.0
- Price to book
- 7.86
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 21.8%
- Peers 10.1%
- ROCE
- 22.0%
- Peers 10.7%
- Debt to equity
- 0.81
- Debt ₹123 Cr
- EPS (TTM)
- ₹1.35
- Face value ₹1
- OPM (TTM)
- 7.5%
- Net margin 4.2%
- Sales growth
- −1.3%
- Latest quarter vs a year ago
- Profit growth
- +46.6%
- Latest quarter vs a year ago
- Price to sales
- 1.68
- EV/EBITDA 22.8
Strengths and risks
Strengths
- Return on equity of 21.8%.
- Return on capital employed of 22.0%.
- Quarterly profit up 46.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 1.3% on a year ago.
- P/E of 38.7 against an industry P/E of 17.0.
About United Polyfab Gujarat
United Polyfab Gujarat Limited manufactures, trades in, and sells woven fabrics and processed yarn products in India. Its products' portfolio includes spinning and cotton yarn, dyed fabric, grey fabric, and denim fabric. otton carded, combed, combed compact, core-spun, Eli Twist, and doubling yarns for both weaving and knitting. United Polyfab Gujarat Limited also exports its products through third party. The company was formerly known as United Polyfab…
- Headquarters
- Ahmedabad
- Employees
- 149
- Sector
- Consumer Cyclical
- ISIN
- INE368U01029
- Website
- upgl.in
Price range
- Avg volume (3M)
- 4.6 L
- 1-year return
- plus 19.7%
- From 52-week high
- minus 9.8%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| UNITEDPOLYUnited Polyfab Gujarat | 52.30 | minus 0.48% | 1,200 | 38.7 | 7.86 | 22.0% | 21.8% | 7.5% | 1.3% | 64.3% | 0.00% | plus 19.7% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 185 | 175 | 172 | 180 | 183 | |
| 173 | 161 | 163 | 167 | 165 | |
| 12.7 | 13.9 | 9.4 | 12.4 | 17.5 | |
| 6.8% | 7.9% | 5.4% | 6.9% | 9.6% | |
| 3.8 | 0.2 | −0.1 | 0.4 | 0.7 | |
| 2.7 | 2.2 | 2.8 | 2.2 | 2.2 | |
| 3.4 | 3.5 | 3 | 2.2 | 2.2 | |
| – | – | – | −0 | – | |
| 10.3 | 8.4 | 3.5 | 8.3 | 13.8 | |
| 26.4% | 42.1% | −99.9% | 6.3% | 19.3% | |
| 7.6 | 4.9 | 7.1 | 7.8 | 11.2 | |
| 0.33 | 0.21 | 0.31 | 0.34 | 0.49 |
Profit & loss
- Sales CAGR 3Y
- +1.3%
- Profit CAGR 3Y
- +64.3%
- EPS CAGR 3Y
- +59.4%
- ROE
- 21.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 653 | 908 | 602 | 678 | |
| – | +39.2% | minus 33.7% | +12.5% | |
| 624 | 876 | 558 | 624 | |
| 29 | 32.5 | 44 | 53.1 | |
| 4.4% | 3.6% | 7.3% | 7.8% | |
| 0.6 | 0.8 | −0.1 | 0.3 | |
| 8.9 | 9.5 | 9.5 | 9.8 | |
| 12.6 | 12.8 | 13 | 13.3 | |
| 0 | 1.3 | −0 | 0 | |
| 8.1 | 12.3 | 21.3 | 30.3 | |
| 32.1% | 46.3% | 16.7% | 19.8% | |
| 5.5 | 6.6 | 17.7 | 24.3 | |
| – | +20.6% | +167.8% | +37.2% | |
| 0.26 | 0.31 | 0.77 | 1.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21 | 23 | 23 | 23 | |
| 42.7 | 56.7 | 74.3 | 110 | |
| 114 | 125 | 118 | 106 | |
| 20 | 37.7 | 30.5 | 34 | |
| 198 | 243 | 246 | 273 | |
| 93.3 | 104 | 94 | 83.6 | |
| 0.3 | 24.7 | 0.2 | 0.1 | |
| 0.1 | 0 | 0 | 0 | |
| 7.5 | 0.2 | 0.3 | 0.5 | |
| 96.6 | 114 | 152 | 189 | |
| 198 | 243 | 246 | 273 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.8 | 1.6 | 20.4 | 14.3 | |
| −7.9 | −20.6 | −2.5 | −2.7 | |
| −13 | 11.7 | −17.7 | −11.4 | |
| −5.2 | −7.4 | 0.1 | 0.2 | |
| −7.9 | −26.1 | −2.6 | −2.8 | |
| 7.8 | −24.5 | 17.8 | 11.6 |
Shareholding pattern
- Promoters51.51%
- Public48.49%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.51% | 48.49% | 0.00 | |
| 30 Jun 2026 | 51.51% | 48.49% | 0.00 | |
| 31 Mar 2026 | 51.51% | 48.49% | 0.00 | |
| 31 Dec 2025 | 51.51% | 48.49% | 0.00 | |
| 30 Sep 2025 | 51.51% | 48.49% | – |
Major shareholders
Filings & events
News
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