Uflex Share Price Up, Receives Globe Platinum Award 2016

Over the last 30 years, Uflex has earned an irreproachable reputation defining the contours of the Packaging Industry in India and overseas. Since its inception in the year 1983, it has turned into a multibillion company focusing on trust, value creation for customers, quality innovation and customer satisfaction. The company has grown from strength to strength with large manufacturing capacities of Packaging Films and packaging products offering end-to-end solutions to clients across more than 140 countries where it enjoys a formidable market presence thus becoming India’s largest flexible packaging company.

Just before the curtains fall on the year 2016, the nation’s largest multinational flexible packaging materials and Solution Company Uflex has been bestowed with the Globe Platinum Award 2016 for Business Excellence in the Flexible Packaging sector.

Globe Platinum Award ceremony was a part of World Business Conclave 2016 hosted by Stimulus Research Services in collaboration with ASSOCHAM – Associated Chambers of Commerce and Industry of India and ICC – Indian Chamber of Commerce as Associate Partners, Dun & Bradstreet as Knowledge Partner, APRC – Asia Pacific Research Committee as Strategic Partner, and CNBC as Global Broadcast Partner.

In an official statement issued after the award ceremony, Ashok Chaturvedi, Chairman and Managing Director (MD), Uflex Limited said that incessant innovation to create value added differentiation for their clients globally was their USP. Whenever they exceeded the expectations of their clients and were able to add value to their business, they felt truly gratified, he added. He further said that this award testified to their innovation quotient much as it recognized the customer satisfaction that they had instilled.

 

Q2 results:

Packaging company Uflex today posted 16.76 per cent rise in consolidated net profit to Rs 90.35 cr for the quarter ended on September 30, 2016 (Q2). Its consolidated net sales were up 1.59 per cent to Rs 1,501.88 cr during the quarter under review as compared to Rs 1,492.11 cr of the corresponding period of the last fiscal.

Uflex Group president RK Jain said that during the quarter, they had a volume growth of 12 per cent, however in terms of value it was around 2 per cent and this was primarily downwards pressure on raw material prices.

He added that if one looks at the H1 FY 2016-17 numbers their volume of packaging films had gone up by 9 per cent and the volume of value added packaging products had increased by 1 per cent thereby registering an overall volume growth of 7 per cent year-on-year (YoY). Meanwhile, on 21st December Uflex share price closed trading at Rs 266.10.

 

Sustainability:

Uflex around 5 years ago had realised that the businesses in the long term couldn’t grow without sustainable growth of the society. The basic rational was that every citizen of the nation either individual or Corporate House drew various benefits from the society. Therefore it in turn became their coextensive responsibility to return to society for the sustenance of economic development and growth which as a responsibility was generally entrusted upon the Government.

 

It is a multibagger:

According to Dynamic Levels analysts and researchers, Uflex belongs to the multibagger stock  lot. It is a good stock for investment and Dynamic Levels market analysts and experts expect good returns from it. The stock has both strong financials and fundamentals.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Uflex share price history.