United Polyfab Gujarat Limited was incorporated as United Polyfab (Unit-II) Private Limited vide Certificate of Incorporation dated November 16, 2010, issued by the Registrar of Companies, Ahmedabad. United Polyfab Gujarat is a leading textile company, which manufactures and produces cotton yarn and woven fabrics. Consequent upon the conversion of the Company to Public Limited, the name changed to United Polyfab (Unit-II) Limited dated December 3, 2015, and further was changed to United Polyfab Gujarat Limited with a Certificate of Incorporation dated December 11, 2015, pursuant to the change of name, issued by Registrar of Companies, Ahmedabad. The company was initially engaged in the trading business of Grey cloth fabrics for the first 3 years until September 2013.
United Polyfab Gujarat Limited operates as a leading textile manufacturer, producing cotton yarn and woven fabrics. The company manages its operations across two separate units. It possesses an average production capacity of 1,500,000 meters of both grey fabric and dyed fabric per month, alongside a cotton yarn production capacity of 100 units (likely referring to yarn counts or similar metric).
One unit is dedicated to the manufacturing of grey cloth through job work, utilizing yarn cloth as raw material. The second unit is a spinning mill that processes cotton into yarn. The company also remains engaged in the trading of grey cloth fabrics. United Polyfab Gujarat manufactures grey denim, grey shirting fabric, and cotton grey fabric.
Following the establishment of a strong foothold in trading and manufacturing (weaving/spinning), the company pursued backward integration by setting up a spinning unit with an installed capacity of 40,000 spindles at Timba Village, Daskroi. The company operates at an average production capacity of 1,500,000 meters of grey fabric, dyed fabric, and 100% cotton yarn production per month.
The company has demonstrated a strong growth trajectory in recent quarters, particularly in profitability.
- Q3 FY25 (Dec 2024): Net profit rose by 180.56% to ₹5.05 crore, compared to ₹1.80 crore in the same quarter last year. Sales declined by 36.99% to ₹152.38 crore from ₹241.83 crore YoY.
- Q2 FY25 (Sep 2024): Net profit increased by 203.05% to ₹4.97 crore from ₹1.64 crore YoY. Sales saw a decline of 33.90% to ₹158.69 crore from ₹240.09 crore YoY.
- Q1 FY25 (Jun 2024): Net profit was ₹3.77 crore, marking a 14.59% increase YoY.
Key Financial Highlights:
- Q3 FY25 (Dec 2024): Net profit of ₹5.05 crore, up 180.56% YoY.
- Q2 FY25 (Sep 2024): Net profit of ₹4.97 crore, up 203.05% YoY.
- Q1 FY25 (Jun 2024): Net profit of ₹3.77 crore, up 14.59% YoY.
- Annual Revenue: ₹665 crore (Not specified which financial year)
- Annual Profit: ₹13.7 crore (Not specified which financial year)
As of May 16, 2025, United Polyfab Gujarat Ltd (UNITEDPOLY) has a market capitalization of ₹382.37 crore, positioning it as a mid-cap player within the textile sector. The company belongs to the Consumer Discretionary sector and the Textiles sub-sector.
The company trades at attractive valuations:
- P/E Ratio: 28.92
- P/B Ratio: 2.40
- 52-Week High: ₹19.55
- 52-Week Low: ₹1.80
United Polyfab Gujarat Ltd has announced a 1:10 stock split, its first corporate action since listing in 2021. The record date for this split is set for May 2, 2025. This strategic move is intended to enhance liquidity for retail investors and reflects the company's confidence in its future growth prospects.
The stock has delivered notable returns:
- Past Year: An increase of 82.81%.
- Past 6 Months: An increase of 40.66%.
The company upgraded its spinning unit from 40,000 spindles. In 2021, its paid-up capital increased from ₹6,98,38,500 to ₹20,95,15,500 following a 2:1 bonus equity share allotment.
- Promoter Holding: 51.5%. Promoter holding has increased by 1.22% over the last quarter, indicating management's positive outlook.
Key Management Personnel:
- Chairman: Gagan Nirmal Mittal
- Company Secretary: Dilip Matolia
United Polyfab Gujarat presents an attractive investment proposition in the textile sector, characterized by its diversified operations ranging from cotton yarn manufacturing to fabric production. Despite some revenue volatility influenced by market conditions, the company has consistently achieved strong profitability growth. The recent stock split and the increasing promoter holding underscore management's confidence in the business's future. The company's integrated operations, spanning spinning to fabric manufacturing, provide significant vertical integration benefits and cost advantages in the competitive textile industry.
United Polyfab Gujarat's commitment to quality and its established market presence since 2010 make it a significant player in Gujarat's textile ecosystem. The company's robust operational capabilities and appealing financial performance metrics are noteworthy for growth-oriented investors.
