Textile · Founded 1993 · www.uniroyalgroup.com · BSE 521226 · · ISIN INE980D01019
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1. Business Overview
Uniroyal Industries Ltd. operates in the textile sector in India. As a textile company, its core business likely involves the manufacturing, processing, and sale of textile products. This could encompass a range of activities such as spinning yarn, weaving or knitting fabric, dyeing and printing, and potentially garment manufacturing. The company would typically serve a diverse clientele, including domestic apparel manufacturers, retailers, and potentially international markets through exports. It makes money by selling its finished or semi-finished textile products to B2B (business-to-business) or B2C (business-to-consumer) customers, capitalizing on demand for textiles in various applications, from apparel and home furnishings to industrial textiles.
2. Key Segments / Revenue Mix
Specific key segments and their revenue contribution for Uniroyal Industries Ltd. are not available. However, a typical textile company in India might operate across segments such as:
Yarn Manufacturing: Producing various types of yarn (e.g., cotton, synthetic blends).
Fabric Manufacturing: Weaving or knitting different types of fabrics.
Processing: Dyeing, printing, and finishing fabrics.
Garmenting/Apparel: Manufacturing ready-made garments.
The actual mix would depend on the company's degree of vertical integration and its specific product focus within the broader textile value chain.
3. Industry & Positioning
The Indian textile industry is one of the largest globally, characterized by its fragmentation, diverse product range, and significant employment generation. It includes both large integrated players and numerous small to medium-sized enterprises. Uniroyal Industries Ltd. operates within this competitive landscape. Without specific market share data or product details, its positioning is likely within the mid-tier segment, or potentially focused on a niche product category or specific customer base. Competition arises from domestic players of varying scales, as well as international manufacturers, making cost efficiency, quality, and timely delivery crucial for sustenance and growth.
4. Competitive Advantage (Moat)
Specific competitive advantages for Uniroyal Industries Ltd. are not explicitly known. However, potential moats for a textile company in India could include:
Cost Leadership: Achieving superior cost efficiency through economies of scale, vertical integration, or efficient manufacturing processes.
Established Customer Relationships: Long-standing relationships with key domestic or international buyers providing stable order flows.
Product Specialization/Quality: Expertise in producing specific high-quality or specialized textiles that command better pricing or market access.
Geographic Advantage: Proximity to raw material sources or key markets, or favorable logistics.
Given the competitive nature of the industry, developing and maintaining a sustainable competitive advantage is vital.
5. Growth Drivers
Key factors that can drive growth for Uniroyal Industries Ltd. over the next 3-5 years include:
Growing Domestic Consumption: Rising disposable incomes, urbanization, and a large youth population in India driving demand for apparel and home textiles.
Export Opportunities: Government initiatives (e.g., PLI scheme, FTA negotiations) and global supply chain reconfigurations offering opportunities for Indian textile exports.
Product Diversification & Innovation: Expansion into technical textiles, sustainable textiles, or value-added products that command better margins.
Capacity Expansion & Modernization: Investing in advanced machinery to improve efficiency, quality, and scale of operations.
Government Support: Favorable policies, subsidies, and schemes by the Indian government aimed at boosting the textile sector.
6. Risks
Key business risks for Uniroyal Industries Ltd. include:
Raw Material Price Volatility: Fluctuations in the prices of key raw materials like cotton, synthetic fibers, and dyes can impact production costs and profitability.
Intense Competition: High competition from both organized and unorganized players, domestically and internationally, can exert pressure on pricing and market share.
Changing Fashion Trends: Rapid shifts in consumer preferences and fashion cycles require quick adaptation, posing inventory and design risks.
Currency Fluctuations: As a potential exporter or importer, adverse movements in foreign exchange rates can impact revenues and costs.
Regulatory & Environmental Compliance: Evolving labor laws, environmental regulations, and trade policies can increase operational costs and compliance burdens.
Economic Downturns: Macroeconomic slowdowns can reduce discretionary spending on textiles, impacting demand.
7. Management & Ownership
In India, companies like Uniroyal Industries Ltd. are often promoter-led, meaning the founding families or a core group hold significant stakes and actively manage the business. The quality of management – their experience, strategic vision, and ability to navigate industry challenges – is crucial for the company's performance. Ownership structure would typically involve the promoter group holding a substantial stake, with the remainder held by public shareholders, institutional investors, and potentially other corporate entities. Specific details on the current management team's background or the exact ownership breakdown are not provided.
8. Outlook
The outlook for Uniroyal Industries Ltd. is balanced, reflecting the inherent opportunities and challenges within the Indian textile sector. The sector benefits from strong domestic demand fundamentals, a large labor pool, and increasing government support to become a global manufacturing hub. This could present significant growth avenues for Uniroyal, especially if it can effectively leverage cost efficiencies, expand into high-growth product segments, or capitalize on export opportunities. However, the company operates in a highly competitive, fragmented, and cyclical industry. It faces risks from raw material price volatility, changing consumer preferences, and intense competition from both domestic and international players. The company's future performance will depend heavily on its ability to innovate, maintain cost competitiveness, adapt to market shifts, and effectively manage its supply chain and operations.
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 23 | 24 | 24 | 31 | 29 | 26 | 29 | 25 | 29 | 28 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 23 | 25 | 25 | 31 | 29 | 26 | 29 | 25 | 29 | 28 |
| Total Expenditure | 23 | 23 | 23 | 30 | 28 | 25 | 27 | 25 | 29 | 27 |
| Operating Profit | 0 | 3 | 1 | 1 | 1 | 1 | 1 | -0 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | 2 | 0 | 0 | -0 | 0 | 0 | -1 | -0 | 0 |
| Provision for Tax | 0 | 0 | -0 | -0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Profit After Tax | -1 | 2 | 1 | 0 | -0 | 0 | 0 | -1 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | -1 | 2 | 1 | 0 | -0 | 0 | 0 | -1 | -0 | 0 |
| Adjusted Earnings Per Share | -0.9 | 1.8 | 0.7 | 0.2 | -0 | 0.2 | 0.3 | -1 | -0.1 | 0.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 56 | 51 | 53 | 69 | 78 | 69 | 67 | 99 | 113 | 98 | 114 | 111 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 |
| Total Income | 57 | 51 | 53 | 70 | 78 | 69 | 67 | 99 | 113 | 100 | 115 | 111 |
| Total Expenditure | 50 | 46 | 48 | 64 | 71 | 64 | 64 | 93 | 110 | 95 | 110 | 108 |
| Operating Profit | 6 | 5 | 5 | 6 | 7 | 6 | 3 | 7 | 3 | 5 | 5 | 3 |
| Interest | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 1 | 2 | 0 | -1 | 3 | -1 | 1 | 1 | -1 |
| Provision for Tax | 1 | 0 | 1 | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Profit After Tax | 1 | 1 | 0 | 1 | 1 | 1 | -1 | 2 | -1 | 1 | 0 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 0 | 1 | 1 | 1 | -1 | 2 | -1 | 1 | 1 | -1 |
| Adjusted Earnings Per Share | 1.1 | 0.9 | 0.4 | 1.1 | 1.4 | 0.6 | -0.8 | 2.5 | -1 | 1.1 | 0.6 | -0.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 16% | 5% | 11% | 7% |
| Operating Profit CAGR | 0% | -11% | -4% | -2% |
| PAT CAGR | -100% | -100% | -100% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -19% | 15% | 32% | 11% |
| ROE Average | 2% | 1% | 2% | 3% |
| ROCE Average | 7% | 6% | 6% | 8% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 14 | 15 | 15 | 16 | 17 | 18 | 17 | 19 | 19 | 19 | 20 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 15 | 14 | 14 | 16 | 13 | 12 | 11 | 8 | 7 | 7 | 2 |
| Other Non-Current Liabilities | 2 | 2 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 1 | 1 |
| Total Current Liabilities | 11 | 10 | 15 | 20 | 20 | 16 | 21 | 20 | 25 | 24 | 22 |
| Total Liabilities | 42 | 41 | 47 | 55 | 52 | 48 | 51 | 49 | 51 | 51 | 45 |
| Fixed Assets | 20 | 20 | 22 | 25 | 27 | 25 | 22 | 20 | 18 | 17 | 14 |
| Other Non-Current Assets | 4 | 5 | 6 | 10 | 4 | 4 | 4 | 3 | 3 | 1 | 1 |
| Total Current Assets | 17 | 16 | 18 | 21 | 21 | 19 | 25 | 26 | 30 | 33 | 30 |
| Total Assets | 42 | 41 | 47 | 55 | 52 | 48 | 51 | 49 | 51 | 51 | 45 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow from Operating Activities | 4 | 6 | 6 | 3 | 7 | 4 | 4 | 3 | -2 | 2 | 6 |
| Cash Flow from Investing Activities | -4 | -2 | -5 | -9 | -1 | -0 | 1 | 1 | 0 | 1 | 2 |
| Cash Flow from Financing Activities | 0 | -4 | -2 | 6 | -6 | -4 | -5 | -4 | 2 | -2 | -8 |
| Net Cash Inflow / Outflow | 0 | 0 | -0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.08 | 0.92 | 0.42 | 1.1 | 1.42 | 0.62 | -0.82 | 2.55 | -1.05 | 1.05 | 0.65 |
| CEPS(Rs) | 3.75 | 3.35 | 3.05 | 4.09 | 4.77 | 3.9 | 1.79 | 5.13 | 1.47 | 3.5 | 2.86 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 17.5 | 18.42 | 18.51 | 19.63 | 21.08 | 21.7 | 20.88 | 23.43 | 22.38 | 23.43 | 24.08 |
| Core EBITDA Margin(%) | 10.47 | 9.65 | 8.77 | 8.06 | 9.3 | 7.86 | 4.96 | 6.41 | 2.57 | 2.99 | 3.33 |
| EBIT Margin(%) | 6.81 | 6.07 | 5.9 | 4.85 | 5.97 | 4.16 | 1.58 | 4.59 | 1.05 | 2.95 | 2.42 |
| Pre Tax Margin(%) | 2.55 | 2.25 | 1.82 | 1.37 | 2.09 | 0.57 | -1.34 | 2.56 | -0.84 | 0.64 | 0.62 |
| PAT Margin (%) | 1.57 | 1.49 | 0.66 | 1.3 | 1.51 | 0.79 | -1.35 | 2.16 | -0.78 | 0.88 | 0.41 |
| Cash Profit Margin (%) | 5.43 | 5.42 | 4.79 | 4.85 | 5.05 | 4.67 | 2.21 | 4.28 | 1.07 | 2.94 | 2.08 |
| ROA(%) | 2.14 | 1.83 | 0.79 | 1.78 | 2.19 | 1.09 | -1.82 | 4.28 | -1.74 | 1.68 | 0.96 |
| ROE(%) | 6.34 | 5.12 | 2.27 | 5.76 | 6.99 | 3.09 | -5.14 | 11.71 | -4.63 | 4.55 | 2.36 |
| ROCE(%) | 11.17 | 8.64 | 8.68 | 8.31 | 10.51 | 6.77 | 2.64 | 11.62 | 2.94 | 7.01 | 7.09 |
| Receivable days | 57.5 | 63.27 | 61.26 | 57.63 | 57.42 | 66.81 | 79.23 | 64.39 | 63.17 | 75.65 | 65.14 |
| Inventory Days | 44.41 | 44.2 | 47.5 | 35.31 | 31.43 | 32.31 | 34.7 | 26.15 | 25.4 | 36.13 | 30.73 |
| Payable days | 33.48 | 25.22 | 44.13 | 41.38 | 31.59 | 27.47 | 35.82 | 32.78 | 24.59 | 28.87 | 22.58 |
| PER(x) | 4.55 | 7.83 | 26.26 | 8.19 | 6.74 | 12.89 | 0 | 5.44 | 0 | 19.11 | 40.31 |
| Price/Book(x) | 0.28 | 0.39 | 0.59 | 0.46 | 0.46 | 0.37 | 0.24 | 0.59 | 0.57 | 0.86 | 1.08 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.45 | 0.51 | 0.56 | 0.52 | 0.43 | 0.43 | 0.38 | 0.32 | 0.29 | 0.39 | 0.33 |
| EV/Core EBITDA(x) | 4.22 | 5.06 | 5.62 | 6.2 | 4.53 | 5.41 | 7.45 | 4.72 | 10.09 | 7.71 | 8.02 |
| Net Sales Growth(%) | -7.31 | -10.34 | 3.94 | 32.06 | 12.36 | -11.41 | -2.84 | 47.53 | 13.84 | -12.91 | 15.8 |
| EBIT Growth(%) | 5.81 | -20.09 | 0.04 | 8.89 | 37.97 | -38.37 | -63 | 327.8 | -73.95 | 144.3 | -4.74 |
| PAT Growth(%) | -8.41 | -14.85 | -54.44 | 162.05 | 29.66 | -53.5 | -265.3 | 337.08 | -140.9 | 198.24 | -46.11 |
| EPS Growth(%) | -8.41 | -14.85 | -54.44 | 162.05 | 29.66 | -56.14 | -232.05 | 409.1 | -141.14 | 200.57 | -38.82 |
| Debt/Equity(x) | 1.51 | 1.33 | 1.36 | 1.79 | 1.49 | 1.31 | 1.26 | 1.03 | 1.23 | 1.14 | 0.83 |
| Current Ratio(x) | 1.6 | 1.56 | 1.25 | 1 | 1.07 | 1.2 | 1.19 | 1.28 | 1.23 | 1.36 | 1.38 |
| Quick Ratio(x) | 1.05 | 0.92 | 0.76 | 0.7 | 0.71 | 0.89 | 0.82 | 0.96 | 0.85 | 0.93 | 0.97 |
| Interest Cover(x) | 1.6 | 1.59 | 1.45 | 1.39 | 1.54 | 1.16 | 0.54 | 2.26 | 0.56 | 1.28 | 1.34 |
| Total Debt/Mcap(x) | 5.4 | 3.4 | 2.28 | 3.91 | 3.28 | 3.54 | 5.25 | 1.74 | 2.15 | 1.32 | 0.77 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.03 | 54.03 | 54.51 | 54.96 | 55.34 | 55.61 | 55.61 | 55.61 | 55.88 | 56.41 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Public | 45.92 | 45.92 | 45.44 | 44.99 | 44.61 | 44.34 | 44.34 | 44.34 | 44.07 | 43.54 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.45 | 0.45 | 0.45 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.38 | 0.38 | 0.38 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.36 | 0.36 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +16% | +5% | +11% | +7% |
| Operating Profit CAGR | 0% | -11% | -4% | -2% |
| PAT CAGR | -100% | -100% | -100% | -100% |
| Share Price CAGR | -19% | +15% | +32% | +11% |
| ROE Average | +2% | +1% | +2% | +3% |
| ROCE Average | +7% | +6% | +6% | +8% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.03 | 54.03 | 54.51 | 54.96 | 55.34 | 55.61 | 55.61 | 55.61 | 55.88 | 56.41 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Public | 45.97 | 45.97 | 45.49 | 45.04 | 44.66 | 44.39 | 44.39 | 44.39 | 44.12 | 43.59 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.45 | 0.45 | 0.45 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.38 | 0.38 | 0.38 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.36 | 0.36 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 | 0.83 |
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