{"id":134394,"date":"2022-08-17T05:39:00","date_gmt":"2022-08-17T09:39:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134394"},"modified":"2022-10-06T04:46:21","modified_gmt":"2022-10-06T08:46:21","slug":"uflex-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/uflex-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"UFLEX Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"UFLEX Limited Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/5WZnbyj5KIY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from UFLEX Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/UFLEX\/\">UFLEX<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:07:51] Subham Agarwal from Aequitas asked about the current market capacity and growth outlook\u00a0 of the new line commissioned \u00a0in the Aseptic packaging division. Rajesh Bhatia, Group CFO said the current rated capacity is 7 billion packs per year. UFLEX is not looking at any fresh investment, but will debottleneck the existing facility to optimize production between 8-9 billion packs a year.<\/li>\n<\/ul>\n<ul>\n<li>[00:08:46] Subham Agarwal of Aequitas enquired about the current market share in Aseptic packaging division with the new commissioning. Rajesh Bhatia, Group CFO replied that the company will have close to between 22-25% market share. And the sustainable growth expected is 18-20%.<\/li>\n<\/ul>\n<ul>\n<li>[00:09:18] Subham Agarwal with Aequitas asked about the total turnover expected with the new capacity at 7 billion pack. Rajesh Bhatia, Group CFO answered that UFLEX can do a topline of between INR1,200-1,400. And the margin should be 20% EBITDA level.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:57] Chirag Singhal from First Water Capital enquired if there was any one-off expenses in the P&amp;L due to currency depreciation in Russia for 1Q23. Rajesh Bhatia, Group CFO said that due to currency impact UFLEX\u2019s loan book swelled by about INR163 crores. And UFLEX also added that there was an impact on P&amp;L, but the exact numbers cannot be shared.<\/li>\n<\/ul>\n<ul>\n<li>[00:21:12] Chirag Singhal from First Water Capital asked about the capex and the payback period. Rajesh Bhatia, Group CFO answered that a typical plant depending on the location and the cost of civil work will cost between $10-12 million and the payback should ideally be between about 4-5 years.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:16] \u00a0Yash from Dante Equity enquired if the Nigeria plant has turned EBITDA positive in 1Q23. Rajesh Bhatia, Group CFO replied that UFLEX did turn EBITDA positive in 1Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:56] Yash from Dante Equity also asked that what kind of topline the Dharwad expansion add on full capacity utilization. Rajesh Bhatia, Group CFO clarified that Dharwad expansion, on producing 4,000 tons, could give about INR50 crores per month PAT.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:23] Yash from Dante Equity asked about operating margin expansion, if the company is comfortable with 18%. Rajesh Bhatia, Group CFO answered that a range of 17-19% is a good comfort zone for the company.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:08] Yash from Dante Equity enquired about the demand situation in Europe and US. Rajesh Bhatia, Group CFO replied that demand currently in Europe is a bit soft as it\u2019s struggling with its own energy issues. However, on an annual basis, UFLEX should be able to outperform last year performance.<\/li>\n<\/ul>\n<ul>\n<li>[00:39:45] Shivam Saxena from ICICI asked about the impact of plastic ban from 1Q23 onwards. \u00a0Rajesh Bhatia, Group CFO said there is no impact on UFLEX due to plastic ban as none of the items in the banned list effect the company.<\/li>\n<\/ul>\n<ul>\n<li>[00:43:43] Rushabh Shah from Anubhuti Advisors enquired when the new facility is expected to be commissioned. Rajesh Bhatia, Group CFO replied that the company is targeting later 3Q23 or beginning of 4Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:56:12] Subham Agarwal with Aequitas asked about the company\u2019s vision over the next 3-5 years and areas of focus. Apoorvshree Chaturvedi Director answered that the company wants to grow more on the film business, along with growth in the Aseptic business.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from UFLEX Limited (UFLEX) Q1 FY23 Earnings Concall Q&amp;A Highlights: [00:07:51] Subham Agarwal from Aequitas asked about the current market capacity and growth outlook\u00a0 of the new line commissioned \u00a0in the Aseptic packaging division. Rajesh Bhatia, Group CFO said the current rated capacity is 7 billion packs per year. UFLEX is not looking [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"UFLEX Limited Q1 FY23 Earnings Conference Call Insights #UFLEX #Q1 #FY2 Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[9723,8196],"class_list":["post-134394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-fmcg","tag-packaging"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":138120,"url":"https:\/\/alphastreet.com\/india\/uflex-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134394,"position":0},"title":"UFLEX Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 28, 2022","format":false,"excerpt":"https:\/\/youtu.be\/xUrGB0hvhsE Key highlights from UFLEX Limited (UFLEX) Q2 FY23 Earnings Concall Q&A Highlights: [00:10:09] Subham Agarwal from Aequitas asked why the BOPET spreads have declined so much in last 1-2 months. Rajesh Bhatia Group CFO answered that the spreads are expected to go up again next quarter. Generally, 2Q23 is\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143391,"url":"https:\/\/alphastreet.com\/india\/uflex-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134394,"position":1},"title":"UFLEX Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 24, 2023","format":false,"excerpt":"Key highlights from UFLEX Limited (UFLEX) Q3 FY23 Earnings Concall Management Update: [00:02:04] UFLEX said it saw strong growth momentum in the India business, particularly in the packaging segment, and saw the softening of the offshore business. [00:05:19] UFLEX said the offshore business has experienced de-growth due to the Russia-Ukraine\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134332,"url":"https:\/\/alphastreet.com\/india\/uflex-limited-uflex-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":134394,"position":2},"title":"UFLEX Limited (UFLEX) Q1 FY23 Earnings Concall Transcript","author":"Sahil","date":"August 16, 2022","format":false,"excerpt":"UFLEX Limited\u00a0 (NSE:UFLEX) Q1 FY23 Earnings Concall dated Aug. 16, 2022 Corporate Participants: Rajesh Bhatia -- Group Chief Financial Officer Anantshree Chaturvedi -- Vice Chairman and Chief Executive Officer, Flex Films International Apoorvshree Chaturvedi -- Director EU Operations and Sustainability Analysts: Sanjesh Jain -- Analyst Subham Agarwal -- Aequitas Investment\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134381,"url":"https:\/\/alphastreet.com\/india\/uflex-limited-uflex-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":134394,"position":3},"title":"UFLEX Limited (UFLEX) Q4 FY22 Earnings Concall Transcript","author":"Sahil","date":"May 31, 2022","format":false,"excerpt":"UFLEX Limited\u00a0 (NSE:UFLEX) Q4 FY22 earnings conall dated May. 31, 2022 Corporate Participants: Rajesh Bhatia -- Group Chief Financial Officer Analysts: Nitin Agarwal -- Analyst Yash Dantewadia -- Dante Equity -- Analyst Kaushik Poddar -- KB Capital Markets Pvt. Ltd. -- Analyst Shivam Saxena -- ICICI Bank Ltd. -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142106,"url":"https:\/\/alphastreet.com\/india\/uflex-limited-uflex-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":134394,"position":4},"title":"UFLEX Limited (UFLEX) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 17, 2023","format":false,"excerpt":"UFLEX Limited (NSE:UFLEX) Q3 FY23 Earnings Concall dated Feb. 16, 2023. Corporate Participants: Rajesh Bhatia\u00a0--\u00a0Group President (Finance & Accounts) & Chief Financial Officer Analysts: Sachin Bobade\u00a0--\u00a0Dolat Capital Market Private Limited -- Analyst Saurabh Sharma\u00a0--\u00a0Individual Investor -- Analyst Rushabh Shah\u00a0--\u00a0Anubhuti Advisors LLP -- Analyst Kaushik Poddar\u00a0--\u00a0KB Capital Markets Private Limited --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175092,"url":"https:\/\/alphastreet.com\/india\/uflex-limited-uflex-q2-2025-earnings-call-transcript\/","url_meta":{"origin":134394,"position":5},"title":"UFLEX Limited (UFLEX) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"UFLEX Limited (NSE: UFLEX) Q2 2025 Earnings Call dated Nov. 18, 2024 Corporate Participants: Surajit Pal \u2014 Vice President, Investor Relations Rajesh Bhatia \u2014 Group President and Chief Financial Officer Analysts: Sachin Bobade \u2014 Analyst Aman Kumar Sonthalia \u2014 Analyst Saket Kapoor \u2014 Analyst Yash Dedhia \u2014 Analyst Chirag Singhal\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134394"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}