Uflex Limited · NSE:UFLEX
Uflex — Investor Presentation (June 2026)
51 slides from Uflex's investor presentation, Jun 29, 2026
Slide 1: Investor Presentation
UFLEX LIMITED INVESTOR PRESENTATION June 29, 2026 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72.2mn as of Mar. 31, 2026
Slide 2: An Overview
An Overview Rich Legacy of 40+ Years in Providing Packaging Solutions to our Partners 1985 18 Established Manufacturing Units 5000+ 1,387,910 MTPA1 Customer Base Global Capacity Presence Across 150+ 10,000+ Workforce Countries 12bn 113,917 MTPA 5.4 bn+ 69,730 MTPA 300 mn+ 1,090 mn+ PCR PET2 Bottles
Slide 3: Journey so far: Growing as a Global Player in Flexible Packaging
Journey so far: Growing as a Global Player in Flexible Packaging • Dharwad (India): Started with a CPP/ a BOPET Lines. • Aseptic Packaging: • Dubai: Added a CPP Line Annual Capacity Doubled 2022 2023 • Mexico: Added a PCR PET • Diversified into to 7 Bn Packs Chips Line Holography Business • Egypt :
Slide 4: India Packaging Landscape
India Packaging Landscape
Slide 5: Packaging Market Size
Packaging Market Size Revenue in USD bn, Global Packaging Market, 2016-2027 Revenue in USD bn, India Packaging market, 2016-2027 CAGR growth 2016 -2021 2022-2027 160 CAGR growth 2016 -2021 2022-2027 Total Packaging 3.8% 3.9% Total Packaging 9.8% 10.2% 150 1400 Metal 3.2% 2.9% Metal 8.6% 8.8% Glass 0
Slide 6: Packaging Films Market Size
Packaging Films Market Size Global BOPET1 P. Film Mkt Size 2017-2027: ‘000 MTPA Global BOPP2 P. Film Mkt Size 2016-2026: ‘000 MTPA CAGR % 2017-2022 2022-2027 CAGR % 2016-2021 2021-2026 Capacity 6.38% 6.21% Capacity 4.6% 5.4% Production 6.54% 5.03% Production 5.0% 4.3% Consumption 6.04% 4.11% 12,814
Slide 7: India Price Trends: Packaging Films and Related Commodities
Jan-23 99.0 135.1 Feb-23 99.5 145.4 Mar-23 97.8 128.5 Apr-23 100.6 116.0 May-23 108.3 126.2 Jun-23 100.8 122.9 Jul-23 101.2 122.1 Aug-23 102.6 129.8 Sep-23 99.4 127.4 Oct-23 96.0 112.0 Nov-23 92.5 110.0 Dec-23 92.9 106.0 Jan-24 94.2 109.5 Feb-24 92.3 113.0 Mar-24 94.0 119.2 Apr-24 93.6 122.1 May-24
Slide 8: Investment Proposition
Investment Proposition Road Ahead India’s Largest Flexible Packaging Solutions Company Focused investments in aseptic, WPP and recycling to accelerate The largest flexible packaging company, with Rs. 155.1 billion in growth, enhance profitability, improve cash generation and create revenue and Rs. 1
Slide 9: India's Largest Flexible Packaging & Solutions Company
1.0 India’s Largest Flexible Packaging & Solutions Company FY26 Consolidated Revenues FY26 Consolidated EBITDA Rs. Mn Rs. Mn 155,130 19,836 71,734 10,090 61,144 9,013 48,065 37,410 4,858 4,996 4,369 21,850 25,046 13,927 2,260 7,280 1,121 1,310 Nahar Poly Cosmo Cosmo Nahar Poly Garware UFlex Garware
Slide 10: Presence across all Verticals of Packaging Value Chain
2.0 Presence across all Verticals of Packaging Value Chain Interconnected Strengths, Boundless Possibilities Resins Packaging Films Intermediaries Flexible Packaging vPET Chips Film Grade Chemicals (inks and adhesives) BOPET P . Films BOPP P. Films vPET Chips Bottle Grade Holography CPP P. Films Val
Slide 11: Global Manufacturing Footprints
3.0 Global Manufacturing Footprints 18 State-of-the-Art Manufacturing Facilities Strategically Located across 5 Continents and 9 Countries Overall Global Capacity of 1.4 mn+ MTPA: Ready to deliver Anywhere in the World within 15 Days Americas India Plant Capacity (MTPA) Capacity Plant US 30,000 (MTP
Slide 12: Integrated Manufacturing Capacities Across Geographies
3.1a 1 Integrated Manufacturing Capacities Across Geographies Extensive Suite of Products in Every Region We Operate Resins & Moulding Base Packaging Films Value Added Packaging Films Value Added Products (VAP) Locations 4,97,917 MTPA 6,36,160 MTPA 2,66,000 MTPA (Capacities Ultra Chemicals Aseptic D
Slide 13: Packaging Films Production Volume across Geographies
3.1b Packaging Films Production Volume across Geographies Geography-wise contribution to total Capacity, Production and Utilization Production volume change packaging film production vol. Q4 FY26 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 13% 22% 6% QoQ YoY Capacity Q4 FY26 Production (
Slide 14: Packaging Films Production Volume across Geographies
3.1c Packaging Films Production Volume across Geographies Geography-wise contribution to total Production (MT) and Utilization (%) packaging film production vol. India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico FY26 FY26 Production (Utilization %) FY25 Production (Utilization %) FY24 Producti
Slide 15: Packaging and Chemicals Production Volume
3.1d Packaging and Chemicals Production Volume % Contribution of production vol. by Capacity, Production and Utilization Production volume change packaging products & chemicals Liquid packaging Flexible packaging Chemicals (Inks & Adhesives) Q4 FY26 19% 38% 46,569 MTPQ Capacity Q4 FY26 Production (U
Slide 16: Localized Supply-Chain Results in Cost-Efficient Operations
3.2 Localized Supply-Chain Results in Cost-Efficient Operations Centralized Procurement in Major Production Facilities ➢ UFlex follows Year-long Volume Contract with the RM Suppliers while Prefers Spot-price for Supplying Finished Goods. This Results 01 in Lowest Manufacturing Costs, Operational Fle
Slide 17: Supremacy in Packaging Solutions Landscape
4.0 Supremacy in Packaging Solutions Landscape Aim to Create an Environment-friendly Sustainable Brand with Dedicated Efforts on Recycling, Re-use and Reducing Waste Business Business Requirements Industries Challenges ➢ Virgin and rPET Chips ➢ Packaging film Manufacturers ➢ Drinks and Beverages ➢ P
Slide 18: Enduring Customer Relationship
5.0 Enduring Customer Relationship Length of Customer Relationships Kolak Truda UPM American Dupont Nestle Snacks Foods P&G Pepsi Co Mondelez Bemis Amcor Huhtamaki Raflatac* Pkg Teijin films 8+ 8+ 8+ 5+ 7+ 10+ 8+ 9+ 6+ 9+ 8+ 9+ Our clients *Note: UPM is pioneer customer of 100% PCR Asclepius Films;
Slide 19: Proven Track Record in Financial Performance
6.0 Proven Track Record in Financial Performance UFlex Consolidated Revenues (Rs. Mn) UFlex Consolidated Normalized EBITDA (Rs. Mn) CAGR +13.0% CAGR + 9.8% 1,55,130 151,993 22,680 147,845 135,098 20,680 132,368 19,179 19,097 17,834 16,103 89,149 74,316 10,924 2020 2021 2022 2023 2024 2025 2026 2020
Slide 20: Project Plastic Fix: Paving the Way to a Circular, Greener and Sustainable Future
At UFlex, Circular Economy Innovations such as Packaging film: “ASCLEPIUS ”, Made of 100% rPET Chips and Injection Molding Items made from rMLP Granules, are Paving the Way for a More Sustainable and Greener Tomorrow. ➢ Vision of Circularity Project Plastic Fix: Paving ➢ ‘Project Plastic Fix’ Contin
Slide 21: Circular Vision of UFlex
7.1 Circular Vision of UFlex Extended Producer Responsibility (EPR) for Packaging Mechanism Collect Recycle/ Reuse Biodegrade Problem Solution Sustainable Space High C B Govt. Govt. EPR - Guidelines Circularity UFlex Project Plastic Fix Industry Compliance to EPR A Consumer Responsible Disposal Low
Slide 22: Extended Producer Responsibility Guidelines in India
7.2 Extended Producer Responsibility Guidelines in India Under Plastic Waste Management (Amendment) Rules, 2022, the Classification of Plastics is Defined Below: • Category I: Rigid Plastic Packaging. • Category II: Flexible Plastic Packaging of a Single Layer/Multilayer (more than one layer with di
Slide 23: Recycling Plants Across Geographies
7.3 Recycling Plants Across Geographies Global India Mexico Noida** Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips PCR PET Chips (US FDA approved for food-contact 15,000 (US FDA & FSSAI approved for 46,020 applications) food-contact applications) rMLP Granules 6,000 rMLP Granule
Slide 24: Sustainability: Project Plastic Fix Continues to Turn Waste into Wealth
7.4 Sustainability: 'Project Plastic Fix’ Continues to Turn Waste into Wealth 586 mn PCR PET Bottles Recycled in FY26 10,237 MT of PCR MLP waste recycled in FY26 100+ Product Variants, 6 Facilities Operational Since 1995 Marching Towards a Greener and Sustainable Tomorrow PCR PET Bottle & MLP ASCLEP
Slide 25: Road Ahead
8.0 Road Ahead Goals Strategy Growth through Innovation to create a Packaging Continue to be the Enhanced ROCE Portfolio with Variety of Preferred Vendor through Asset Differentiating Products for Both Existing Efficiency Enhanced Speed-to-market and Prospective and Proximity to Clients Customers to
Slide 26: Financials
Financials
Slide 27: Consolidated Performance Snapshot – Q4 and FY26
Consolidated Performance Snapshot – Q4 and FY26 Q4FY26 FY26 Q4FY26 FY26 Revenue Capex Rs. 40,973 Mn. Rs. 155,130 Mn. (+12.8% QoQ, +5.7%YoY) (+2.1.% YoY) Rs. 7,070 Mn Rs. 20,425 Mn Domestic: 43% Domestic: 43% International: 57% International: 57% Net Debt Norm. EBITDA* Rs. 6,109 Mn. Rs. 19,097 Mn. Rs
Slide 28: Industry Trends
Industry Trends Domestic International ➢ India FMCG industry volume growth moderated to 0.9% in Q4 FY26, reflecting softer consumer demand and a challenging consumption ➢ In the Americas, demand rebounded strongly, supported by post-U.S. environment. government shutdown normalization, improving CPG
Slide 29: Multi Year Consolidated Financial, Operational & Capital Allocation
Multi Year Consolidated Financial, Operational & Capital Allocation Sales (Vol. MT) Revenue (Rs. Mn) Norm. EBITDA (Rs. Mn) and Margin (%) Packaging Films Packaging Domestic International Films - Domestic Films - International 20.5% 17.1% 14.0% 11.9% 12.6% 12.3% 463,620 599,259 587,118 599,616 647,49
Slide 30: Packaging Films Sales Volume Mix by Region
Packaging Films Sales Volume Mix by Region Q4FY26: Packaging Films volume mix by Geography (MT) Q4FY26: Packaging Films volume growth rate by Geography 126907 128037 23.0% 114965 18.0% 12.9% 11.4% 27,016 31,883 6.3% 25,915 4.6% 1.5% 0.9% 37,085 31,324 35,367 33,383 32,421 33,899 -4.6% -8.6% 29,423 2
Slide 31: Virgin PET Chips Production & Sales Mix (Captive vs. Third-Party)
Virgin PET Chips Production & Sales Mix (Captive vs. Third-Party) 96,000 96,000 54,000 54,000 42,566 41,957 42,000 42,000 42,000 33,657 31,064 22,423 21,498 19,279 16,589 16,474 24455 (45.3%) 39025 (72.3%) 63019 (65.6%) 28464 (67.8%) 52919 (55.1%) 30601 (72.9%) 10,893 23994 (57.1%) 9,109 8,909 5,949
Slide 32: Consolidated Revenue Split
Consolidated Revenue Split Q4FY26: Business-wise rev. split as a % of total rev. Q4FY25: Business-wise rev. split as a % of total rev. Packaging, Packaging, 36.1% 30.8% Packaging films Packaging films Rs. 40,559 (incl. PET chips), Rs. 38,143 (incl. PET chips), Million 58.8% Million 55.3% 99.0% Engin
Slide 33: Consolidated Revenue Split
Consolidated Revenue Split FY26: Business-wise rev. split as a % of total rev. FY25: Business-wise rev. split as a % of total rev. Packaging, 32.7% Packaging, Packaging films Packaging films 28.3% (incl. PET chips), Rs. 154,005 (incl. PET chips), Rs. 150,361 58.6% Million 62.3% Million Engineering,
Slide 34: Consolidated P&L Summary
Consolidated P&L Summary Particulars (Rs. Mn.) Q4 FY26 Q3 FY26 Q4 FY25 QoQ % YoY % FY26 FY25 YoY % Total Revenue 40,973 36,329 38,767 12.8 5.7 155,130 151,993 2.1 Expenditure 34,708 31,733 34,012 9.4 2.0 135,294 133,649 1.2 Normalized EBITDA 6,109 4,395 4,811 39.0 27.0 19,097 19,179 (0.4) Normalized
Slide 35: Consolidated Balance Sheet as of March 31, 2026
Consolidated Balance Sheet as of March 31, 2026 As on 31st As on 31st As on 31st As on 31st Particulars (Rs. Mn) Particulars (Rs. Mn) Mar 2026 Mar 2025 Mar 2026 Mar 2025 Assets Equity and Liabilities Non-current assets Equity Property, plant and equipment 89,379 81,664 Equity Share Capital 722 722 C
Slide 36: Consolidated Financial Overview (1/2)
Consolidated Financial Overview (1/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 EBITDA Margin 12.2% 12.1% 13.2% 13.8% 13.2% 12.6% 14.9% 20.5% 17.2% 12.7% 11.2% 12.1% 12.8% Normalized EBITDA 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0% 11.9%
Slide 37: Consolidated Financial Overview (2/2)
Consolidated Financial Overview (2/2) Key Financials FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Ratios Net Debt to Equity 0.75 0.63 0.49 0.48 0.43 0.42 0.67 0.60 0.59 0.58 0.77 0.93 1.06 Net Debt to EBIDTA 2.97 2.58 1.99 1.95 1.91 1.79 2.83 1.82 1.72 2.34 3.68 3.73 4.35 Net Deb
Slide 38: Capex Update
Capex Update ➢ Incurred total capex of Rs 7,070 million during the quarter, with major allocation to following four projects: Capex in Q4 FY26 a) Egypt: Rs. 1,009 million for the Aseptic packaging facility, b) Mexico: Rs. 480 million for the WPP bag manufacturing unit, c) Noida sector- 155, India: R
Slide 39: Consolidated Debt Profile
Consolidated Debt Profile Debt Breakdown Debt Split: India vs. Overseas (Mar. 26) Particulars (Rs. Mar- Dec- Sep- Jun- Mar- Overseas: WC & ST, India: TL, 29895, Mn) 2026 2025 2025 2025 2025 13050, 13% 31% Long Term 73,556 69,986 67,835 63,879 59,937 Working Capital and 24,970 24,561 23,061 22,027 21
Slide 40: Standalone Spotlight on Key Financials over the Years
Standalone Spotlight on Key Financials over the Years Sales (Vol. MT) Revenue (Rs. Mn) EBITDA (Rs. Mn) and Margin * 16.5% 11.9% 11.2% 11.6% 11.9% 11.9% 78,096 351,282 266,152 78,543 9,360 68,170 231,757 66,516 258,220 9,287 57,206 209,693 194,802 7,701 7,660 7,618 46,554 6,797 FY21 FY22 FY23 FY24 FY
Slide 41: Standalone P&L Summary
Standalone P&L Summary Particulars (Rs. Mn.) Q4 FY26 Q3 FY26 Q4 FY25 QoQ % YoY % FY26 FY25 YoY % Revenue 19,896 18,313 20,117 8.6 (1.1) 78,543 78,096 0.6 Expenditure 16,986 16,300 17,752 4.2 (4.3) 69,183 68,809 0.5 EBITDA 2,910 2,014 2,365 44.5 23.1 9,360 9,287 0.8 EBITDA Margin (%) 14.6% 11.0% 11.8
Slide 42: Appendix
Appendix
Slide 43: Management & Shareholders Information
➢ Management Team Management & ➢ Shareholding Pattern Shareholders Information ➢ Group Structure ➢ UFlex Values
Slide 44: Management Team
Management Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence 41 35 Jeevaraj Gopal Pillai, Whole Time Director, President - Flexible Ashok Chaturvedi, Chairman & Managing Director Packaging and New Product Development and Di
Slide 45: Management Team
Management Team Professional Management with an average experience of > 25 Years in Business, Corporate, Project & Operational Excellence 28 Vinod Hariharan, Executive Vice President, Holography Business 30 Chandan Chattaraj, President, Human Resources (India and Global) • Brings over 28 years of ex
Slide 46: Shareholding Pattern – March 2026
Shareholding Pattern – March 2026 Historical Shareholding Pattern ( in %) Shareholding Categories Mar’25 Jun’25 Sep’25 Dec’25 Mar’26 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.03% FIIs, FPIs and FC 15.14 15.19 15.31 16.55 16.78 Promoter MF and AIF Group 0.28% 44.58% CBO, Insurance and FI
Slide 47: UFlex Group Holding Structure
UFlex Group Holding Structure CORPORATE STRUCTURE Integrated Flexible Packaging Solution Provider Outside India India 68% Business Holding Special Purpose Cultivation, Plastic Films International Sales & Sales & Sales & Investment Investment 59.17% activities incl. Vehicle for Freeze, Drying Manufac
Slide 48: Auditors Information
Auditors Information Locations Auditors India Lodha & Co LLP & Vijay Sehgal & Co. Dubai Shah & Al-shamali Associates Egypt BDO, Khaled & Co Poland KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. USA Crowe LLP Mexico Gutierrez Saldivar & Asociados Hungary BDO Nigeria PKF CIS Unicon JSC Proce
Slide 49: Our Values
Our Values Socio-environmental Sutainability Trust & Respect Upholding that Society and Environment are Proactively Build Inclusive and Egalitarian Cornerstones for Sustainability, We support and Partnerships with all Stakeholders, through the Promote Inclusive Social Development and strive Virtues
Slide 50: Foreign Exchange Exposure
Foreign Exchange Exposure FY 2025-26 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average Closing Average USD to INR 94.65 88.42 85.58 84.54 83.37 82.75 82.22 80.33 75.81 74.33 GBP to INR 125.63 118.59 110.74 107.98 105.29 103.96 101.87 97.07 99
Slide 51: UFlex Limited
UFlex Limited Address: A – 107 - 108, Sector – IV, Noida - 201301 (U.P.), India. Phone No : +91 120 4012345 (30 Lines) Fax No.: +91 120 2556040 Corporate ID :L74899DL1988PLC032166 Website: www.uflexltd.com IR Contact Mr. Surajit Pal Mr. Manoj Pandey Email: investorrelations@uflexltd.com