UNIENTER - Uniphos Enter.

📊 NSE: UNIENTER 🏢 Trading 📅 Last Updated: 12/14/2025 14:44

💰 Financial Performance

Revenue Growth by Segment

The trading segment revenue grew by 120.17% YoY, increasing from INR 5,064.79 lakhs in FY24 to INR 11,151.13 lakhs in FY25. Other income, primarily from investments, declined by 85.73% from INR 4,286.62 lakhs to INR 611.83 lakhs during the same period.

Geographic Revenue Split

The company operates exclusively in India, with 100% of its trading revenue generated from domestic operations.

Profitability Margins

Net Profit Margin experienced a severe contraction from 41.29% in FY24 to 0.24% in FY25. This was primarily driven by a 90% reduction in dividend income from UPL Limited, which fell from a 500% payout in the previous year to 50% in the current year.

EBITDA Margin

The Profit Before Tax (PBT) margin for FY25 was 0.19%, with a PBT of INR 22.68 lakhs on a total income of INR 11,762.96 lakhs. This represents a significant decline from the previous year's core profitability due to the drop in investment-linked other income.

⚙️ Operational Drivers

Raw Materials

Agro commodities represent 100% of the cost of goods sold for the trading business.

Key Suppliers

The company sources 100% of its trading goods from 3 trading houses, though specific company names are not disclosed.

Capacity Expansion

Not applicable as the company is engaged only in trading activities.

Raw Material Costs

Trading purchase costs increased in line with the 120.17% growth in trading revenue. The company follows a strategy of sourcing 100% of its requirements from a concentrated group of 3 trading houses.

Manufacturing Efficiency

Not applicable for a trading-only entity.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents%

Growth Strategy

Growth is pursued through the identification of new agro-commodity trading opportunities and by leveraging a massive investment portfolio (INR 2,61,547.87 lakhs) to provide financial stability and liquidity for expanded operations.

Products & Services

Trading in agro commodities (NIC Code 46209).

New Products/Services

The company is actively seeking new trading opportunities in agro commodities, though specific revenue contribution targets for new products are not disclosed.

🌍 External Factors

Industry Trends

The agro-trading industry is evolving with tighter regulatory compliance and ESG standards. The company is positioning itself by monitoring these shifts through a dedicated professional team and diversifying its commodity portfolio.

Competitive Moat

The company's moat is its substantial investment in listed securities (primarily UPL Limited) valued at INR 2,61,547.87 lakhs, providing a financial cushion that is sustainable as long as the market value of these assets remains stable.

Macro Economic Sensitivity

The business is highly sensitive to agricultural output and rainfall patterns; drought or shortfall in rains is identified as a material risk to performance.

Geopolitical Risks

Performance is subject to changes in overseas markets and the implementation of tariff barriers by governments.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by agro-commodity trading policies, tariff barriers, and registration requirements for both local and international markets.

Environmental Compliance

ESG and regulatory compliance are identified as key business risks, though specific compliance costs in INR are not disclosed.

Taxation Policy Impact

The company recognized a deferred tax liability of INR 11,518.00 lakhs as of September 30, 2025, primarily due to temporary differences in the tax base of its investments.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the volatility of dividend income and capital market values of the INR 2,61,547.87 lakhs investment portfolio, which directly impacts the company's net profit and net worth.