UNITEDPOLYConsumer Discretionary

United Polyfab Gujarat Limited

Other Textile Products · ISIN INE368U01029 · BSE 544756 · NSE EQ · FV ₹1
Last price
₹44
+2.71%today
What this company does

United Polyfab Gujarat Limited operates in Other Textile Products, part of the Consumer Discretionary sector. It booked ₹172 cr of revenue in its latest quarter (Q4 FY26) and kept 4.1% of sales as profit.

United Polyfab Gujarat Limited (UPGL) is a vertically integrated textile manufacturer based in Ahmedabad, Gujarat. With operations spanning spinning, weaving, and finishing, the Company delivers high-quality cotton yarn and fabrics across diverse applications. ● Spinning & Yarn: UPGL operates a backward-integrated spinning unit equipped with approximately 40,000 spindles, producing about 800 tonnes of yarn per month.
In the report:
48out of 100
Equitytale Health Score
Mixed

Healthier than 48% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 326–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
79

At close. Not part of the score.

Profitability & returns67

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality48

Whether reported profit actually arrives as cash

Valuation4

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
Makes a profit
Sales up 12% vs last year
Profit up 82% vs last year
Promoters hold 52%
No promoter shares pledged
Strong 21% return on equity
Turns profit into real cash
Watch-outs
! Thin 4.1% net margin

What if I invest in UNITEDPOLY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹44 +2.71%
latest close · 2026-09-17
52-wk low ₹2842 sessions so far52-wk high ₹45
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio7.68High
Below bookModerateHigh
EV / EBITDA30.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.4%Strong
WeakFairStrong ▸15%
Return on capital13.8%Fair
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin5.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.80Moderate
LowModerateHigh ▸1
Interest cover2.3×Okay
RiskyOkayStrong ▸5×
Current ratio2.10Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,018 cr
Book value
₹6
EPS
₹0.00
latest quarter
Net debt
₹106 cr
owes more than its cash
Enterprise value
₹1,124 cr
EBITDA
₹37 cr
annualised
EBIT
₹25 cr
annualised
Operating margin
3.7%
Return on assets
10.4%
Earnings yield
P/S
1.48
Sales / share
₹30.0
Tax rate
-101.0%
Face value
₹1
Shares
23.0 cr
Working capital
₹99 cr
Current assets
₹188 cr
Current liabilities
₹90 cr
Delivery %
72.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹6₹14, midpoint ₹10

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY26 (consolidated)
Revenue from Operations₹172 cr
Other Income₹-6.5 L
Total Income₹172 cr
Cost of Materials₹160 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹2 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹4 cr
Total Expenses₹168 cr
Profit before Tax₹4 cr
Tax Expense₹-4 cr
Net Profit₹7 cr
Net margin on total income4.1%
Where the money goes · Q4 FY26
% of total income
Materials + stock-in-trade₹157 cr89.2%
Employee benefit expense₹2 cr1.4%
Finance costs₹3 cr1.6%
Depreciation & amortisation₹3 cr1.7%
Other expenses₹4 cr2.1%
Profit for the period₹7 cr4.0%
Total income ₹172 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY26Q3 FY26Q4 FY26
Revenue185 cr175 cr172 cr
Total income189 cr175 cr172 cr
Expenses179 cr167 cr168 cr
Profit before tax10 cr8 cr4 cr
Tax3 cr4 cr-4 cr
Net profit (owners' share)8 cr5 cr7 cr
Net margin (owners' share, on revenue)4.1%2.8%4.1%
EPS (₹)0.330.210.00
YoY (latest quarter): total income +11.9% · net profit +81.6%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹273 cr
Shareholder equity
₹133 cr
parent shareholders
Total debt
₹106 cr
Cash
₹52.4 L
Cash flow · H1 FY26
Operating
₹13 cr
Investing
₹-9 cr
Financing
₹-3 cr
Peer comparison
Other Textile Products · by market value
CompanyPriceMarket capP/E
K.P.R. Mill Limited₹1,095₹37,441 cr36.2
Welspun Living Limited₹212₹20,051 cr31.4
Vardhman Textiles Limited₹561₹15,986 cr12.9
Trident Limited₹23₹11,762 cr18.6
Indo Count Industries Limited₹436₹8,625 cr34.1
Garware Technical Fibres Limited₹800₹7,809 cr30.5
Kusumgar Limited₹552₹5,790 cr33.0
Jindal Worldwide Limited₹49₹4,913 cr38.3
Filatex India Limited₹90₹4,012 cr20.7
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
51.5%
FII / Foreign
6.0%
DII / Domestic
2.2%
Retail / others
40.3%
Promoter stake up 1.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtNirmalkumar Mangalchand Mittal · Promoters17,200 · ₹24.5 L3 Dec 24
BoughtNirmalkumar Mangalchand Mittal · Promoters1.27 L · ₹1.9 cr2 Dec 24
BoughtGagan Nirmalkumar Mittal · Promoters1.36 L · ₹1.9 cr27 Nov 24
Bulk / block deals
BoughtNIRMALKUMAR MANGALCHAND MITTAL · NSE1.27 L @ ₹146.042 Dec 24
BoughtGAGAN NIRMALKUMAR MITTAL · NSE1.36 L @ ₹14027 Nov 24
SoldLTS INVESTMENT FUND LTD · NSE8.10 L @ ₹88.17 Aug 24
Stake changes
BoughtMr. Nirmalkumar Mangalchand Mittal · promoter→ 19.43%26 Aug 25
BoughtGagan Nirmalkumar Mittal · promoter→ 16.21%26 Aug 25
BoughtNirmalkumar Mangalchand Mittal · promoter→ 19.43%26 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To receive, consider, approve and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with Reports of the Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 0 against
2
To re-appoint Mr. Gagan Nirmalkumar Mittal (DIN: 00593377) who retires by rotation and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 0 against
3
APPOINTMENT OF M/S. SBSG & CO, CHARTERED ACCOUNTANTS AS THE STATUTORY AUDITORS OF THE COMPANY
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 0 against
4
APPOINTMENT OF M/S. M K SAMDANI & CO. PRACTISING COMPANY SECRETARIES AS THE SECRETARIAL AUDITORS OF THE COMPANY.
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 51.5% between them · as of 2026-06-30
NIRMALKUMAR MANGAL CHAND MITTAL19.43%
GAGAN NIRMALKUMAR MITTAL16.21%
GAGAN N MITTAL HUF7.23%
SHILPA GAGAN MITTAL4.72%
UNITED POLYFAB PRIVATE LIMITED2.03%
NIRMALKUMAR M MITTAL (HUF)1.31%
MANSI NRMAL MITTAL0.52%
RITESH KAMALKISHOR HADA0.03%
Business done with them
FY2024 · 5 of the group
The company paid ₹570 cr to companies in the promoter group last year — about 62.8% of its ₹908 cr revenue and received ₹63 cr back from them.
United Techfab Private Limited
Bought goods from them · Sales, Purchase and Rent
₹564 cr
company paid
United Cotfab Limited
Sold goods to them · Sale of Yarn, Purchase
₹59 cr
company received
United Cotfab Limited
Bought goods from them · Sale of Yarn, Purchase
₹6 cr
company paid
United Techfab Private Limited
Sold goods to them · Sales, Purchase and Rent
₹5 cr
company received
Nirmalkumar Mangalchand Mittal
Other payments to them · Unsecured Loan
₹55 L
company paid
Gagan Nirmalkumar Mittal
Other payments to them · Remuneration
also owns 16.21% of the company
₹18 L
company paid
Ritesh Kamalkishore Hada
Other payments to them · Unsecured Loan
₹7.2 L
company paid
United Techfab Private Limited
Leases As Lessee · Sales, Purchase and Rent
₹4.8 L
company received

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.