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UNITEDPOLY - United Polyfab

📊 NSE: UNITEDPOLY 🏢 Textiles - Products 📅 Last Updated: 12/14/2025 14:45

📢 Recent Corporate Announcements

United Polyfab Gujarat Appoints Vishal Katarmal as Company Secretary & Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 24 Feb 2026, 07:02 PM

United Polyfab Gujarat Limited has appointed Mr. Vishal Sureshbhai Katarmal as the Company Secretary and Compliance Officer, effective February 24, 2026. The appointment was approved during a Board Meeting held on the same day between 05:30 P.M. and 06:00 P.M. Mr. Katarmal is an Associate Member of the Institute of Company Secretaries of India (ACS: 78544) with expertise in SEBI laws and corporate governance. This change is part of routine administrative compliance for the listed entity.

Appointment of Mr. Vishal Sureshbhai Katarmal as Company Secretary & Compliance Officer effective Feb 24, 2026
Appointee is an Associate Member of ICSI with membership number ACS: 78544
Board Meeting for the approval was conducted on February 24, 2026, from 05:30 P.M. to 06:00 P.M.
Mr. Katarmal possesses specialized knowledge in Listing Compliances and Corporate Law

💡 This is a routine management appointment and does not require any immediate action from investors. Continue to monitor the company's core business performance.

United Polyfab Gujarat Restores Operations at Ahmedabad Factory After Fire Incident

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 24 Feb 2026, 06:59 PM

United Polyfab Gujarat Limited has successfully resumed manufacturing operations at its Timba, Ahmedabad facility as of February 24, 2026. The operations were temporarily disrupted following a fire incident that occurred on February 19, 2026. The company managed to restore full functionality within five days of the disruption. This quick recovery minimizes the potential long-term impact on production schedules and financial performance for the current quarter.

Manufacturing operations at the Timba, Ahmedabad factory are now fully operational.
The disruption lasted approximately 5 days, from February 19 to February 24, 2026.
The incident occurred at Survey No. 188, Village-Timba, Taluka-Dascroi, Ahmedabad.
The company had previously reported the fire incident to the exchange on February 19, 2026.

💡 Investors should monitor the next quarterly report for any one-time losses or insurance claims related to the fire. The rapid resumption of operations is a positive sign of management's crisis handling and business continuity.

United Polyfab Gujarat Restores Full Operations After Fire Incident at Ahmedabad Plant

🟢 POSITIVE ⭐ 6/10

OTHER 📅 24 Feb 2026, 06:57 PM

United Polyfab Gujarat Limited has successfully restored manufacturing operations at its factory in Timba, Ahmedabad, following a fire incident on February 19, 2026. The company informed the exchange on February 24, 2026, that the temporary disruption has ended and the facility is now fully operational. This quick recovery within five days suggests that the impact on production schedules and overall revenue may be limited. Investors should view the swift resumption of activities as a sign of effective crisis management.

Fire incident occurred on February 19, 2026, at the Survey No. 188, Village-Timba factory premises.
Manufacturing operations were temporarily disrupted but have been restored within 5 days.
The company confirmed the facility is back to being fully operational as of February 24, 2026.
The incident was reported under Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 Monitor the next quarterly earnings for any one-time losses or insurance claims related to the fire. The quick restoration of operations is a positive development that mitigates long-term production risks.

United Polyfab Gujarat Appoints Vishal Sureshbhai Katarmal as Company Secretary

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 24 Feb 2026, 06:18 PM

United Polyfab Gujarat Limited has appointed Mr. Vishal Sureshbhai Katarmal as the Company Secretary and Compliance Officer, effective February 24, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination & Remuneration Committee. Mr. Katarmal is an Associate Member of the Institute of Company Secretaries of India (ACS: 78544) with expertise in SEBI laws and corporate governance. This is a routine administrative appointment to ensure the company remains compliant with listing regulations.

Appointment of Vishal Sureshbhai Katarmal as CS & Compliance Officer effective February 24, 2026
Mr. Katarmal holds Membership No. ACS: 78544 from the Institute of Company Secretaries of India
The Board Meeting approving the appointment concluded at 6:00 PM on February 24, 2026
The appointee brings specialized knowledge in Corporate Law and SEBI regulations

💡 This is a routine management update to fulfill regulatory requirements. No immediate action is required from investors.

United Polyfab Gujarat Reports Fire Incident at Ahmedabad Factory; Operations Halted

🔴 NEGATIVE ⭐ 7/10

OTHER 📅 19 Feb 2026, 07:11 PM

United Polyfab Gujarat Limited reported a massive fire incident at its factory located in Timba, Ahmedabad, on February 19, 2026. The fire has caused significant damage to the factory building, machinery, and other assets, leading to a temporary halt in operations at the affected shed. While the exact quantum of loss is currently being assessed, the company confirmed there were no casualties or injuries. The company has initiated insurance claims and is working with local authorities to resume operations as soon as possible.

Fire occurred on February 19, 2026, at the company's manufacturing facility in Timba, Ahmedabad.
Operations at the affected factory shed have been temporarily halted due to damage to building and machinery.
No loss of life or injuries reported among personnel during the incident.
Insurance company has been notified, and the process for filing claims for asset damage is underway.

💡 Investors should monitor the company's next update regarding the estimated financial loss and the timeline for resuming full operations. The impact on quarterly production and revenue will depend on the duration of the shutdown and the extent of insurance recovery.

United Polyfab Q3 Net Profit Falls 11% YoY to ₹4.48 Cr; Revenue Up 15% YoY

🔵 WATCH ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 07:33 PM

United Polyfab Gujarat Limited reported a mixed performance for Q3 FY2025-26. While revenue from operations grew 14.9% year-on-year to ₹175.10 crore, net profit declined by 11.3% to ₹4.48 crore compared to ₹5.05 crore in the same quarter last year. On a sequential basis, the company saw a significant 41% drop in net profit from ₹7.60 crore in Q2 FY26, indicating margin pressure. However, the nine-month (9M) performance remains strong with a net profit of ₹18.41 crore compared to ₹13.79 crore in the previous year.

Revenue from operations reached ₹17,509.85 Lakhs in Q3 FY26, up from ₹15,237.56 Lakhs in Q3 FY25.
Net profit for the quarter stood at ₹447.95 Lakhs, a decline from ₹505.30 Lakhs YoY and ₹760.46 Lakhs QoQ.
Total expenses rose to ₹16,683.61 Lakhs, driven primarily by raw material costs of ₹17,041.84 Lakhs (offset by inventory changes).
Earnings Per Share (EPS) for the quarter dropped to ₹1.95 from ₹2.20 in the previous year's corresponding quarter.
Independent Director Sejalben Shantilal Parmar resigned effective February 12, 2026, following the completion of her tenure.

💡 Investors should exercise caution as the sequential decline in profitability suggests rising operational costs or pricing pressure in the textile segment. Monitor the company's ability to maintain margins in the upcoming quarter despite the healthy 9-month growth trajectory.

United Polyfab Gujarat Rectifies Q2 FY26 PAT to Rs 760.46 Lakhs After NSE Clarification

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 05 Feb 2026, 11:15 AM

United Polyfab Gujarat Limited has issued a clarification to the National Stock Exchange regarding its financial results for the quarter ended September 30, 2025. The company rectified a clerical error in its consolidated financial statements, confirming the Profit After Tax (PAT) as Rs 760.46 Lakhs. For the standalone entity, total income for the quarter stood at Rs 18,899.29 Lakhs, showing growth from Rs 15,892.83 Lakhs in the same quarter of the previous year. Additionally, the company noted the resignation of its Company Secretary, Ms. Vidya Baghel, effective November 13, 2025.

Rectified Profit After Tax (PAT) for the quarter ended Sept 30, 2025, is confirmed at Rs 760.46 Lakhs
Standalone Total Income for Q2 FY26 rose to Rs 18,899.29 Lakhs from Rs 15,892.83 Lakhs YoY
Standalone Profit Before Tax (PBT) increased significantly to Rs 1,033.53 Lakhs compared to Rs 661.88 Lakhs in Q2 FY25
Company Secretary and Compliance Officer Ms. Vidya Baghel resigned effective November 13, 2025
Basic and Diluted Earnings Per Share (EPS) for the quarter stood at Rs 0.33 (on a face value of Rs 1/-)

💡 Investors should update their records with the rectified PAT figure of Rs 760.46 Lakhs. While the clerical error is a minor administrative lapse, the underlying year-on-year growth in revenue and profit remains a positive indicator for the company's performance.

United Polyfab Gujarat Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Jan 2026, 04:13 PM

United Polyfab Gujarat Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Satellite Corporate Services Pvt. Ltd., covers the quarter and nine months ended December 31, 2025. The Registrar and Share Transfer Agent (RTA) confirmed that no physical share certificates were received for dematerialization during this period. This filing is a standard procedural requirement to ensure the accuracy of electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Satellite Corporate Services Pvt. Ltd. acted as the Registrar and Share Transfer Agent (RTA).
Confirmed that zero physical share certificates were received for dematerialization during the quarter.
The filing ensures adherence to SEBI's depository and participant regulations regarding share records.

💡 This is a routine regulatory disclosure with no impact on the company's financial health or operations. No action is required from investors based on this specific announcement.

United Polyfab Gujarat Reports Resignation of Company Secretary Vidya Baghel

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Jan 2026, 03:44 PM

United Polyfab Gujarat Limited has announced the resignation of Ms. Vidya Baghel from her position as Company Secretary and Compliance Officer, effective November 13, 2025. Ms. Baghel, a Key Managerial Personnel (KMP) with Membership No. A77214, stepped down due to personal reasons. This transition is a standard administrative change and the company will need to appoint a replacement to ensure ongoing regulatory compliance. The filing was made in accordance with Regulation 30 of the SEBI Listing Regulations.

Ms. Vidya Baghel resigned as Company Secretary & Compliance Officer effective November 13, 2025.
The resignation is attributed to personal reasons as disclosed in the regulatory filing.
The departure involves a Key Managerial Personnel (KMP) role under SEBI Regulation 30.
The company must now initiate the process to appoint a new Compliance Officer.

💡 This is a routine management change with no impact on business fundamentals. Investors should monitor for the appointment of a successor to ensure seamless regulatory reporting.

United Polyfab Gujarat Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 03:55 PM

United Polyfab Gujarat Limited has announced the closure of its trading window for insiders starting January 1, 2026, in compliance with SEBI's Prohibition of Insider Trading Regulations. This closure is ahead of the declaration of the company's unaudited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the financial results are made public. The specific date for the board meeting to approve these results will be communicated separately.

Trading window for insiders to remain closed starting from Thursday, January 1, 2026
Closure pertains to the financial results for the quarter and nine months ended December 31, 2025
Trading window will reopen 48 hours after the official declaration of financial results
Board meeting date for result approval to be announced in due course

💡 This is a routine regulatory filing with no immediate impact on stock valuation. Investors should monitor for the future announcement of the board meeting date to assess the company's Q3 performance.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from sales was INR 602.22 Cr in FY25, representing a 33.7% decrease from INR 908.48 Cr in FY24. Standalone revenue mirrored this at INR 602.22 Cr, down 33.7% YoY. The decline in turnover was noted across the company's primary textile operations.

Geographic Revenue Split

Not disclosed in available documents, though the company is actively exploring non-U.S. markets to mitigate the impact of steep U.S. tariffs on textile exports.

Profitability Margins

Net Profit Margin improved significantly from 0.73% in FY24 to 2.94% in FY25, a 303.82% increase in the ratio. Return on Equity (ROE) rose from 8.30% to 18.18% (up 119.02% YoY), and Return on Capital Employed (ROCE) increased from 10.03% to 13.95% (up 39.07% YoY) due to higher profit accretion.

EBITDA Margin

EBITDA increased by 37% to INR 42.91 Cr in FY25 from INR 31.31 Cr in FY24. This improvement in core profitability was driven by operational efficiencies and the commencement of captive power plants despite the drop in top-line revenue.

Capital Expenditure

The company is investing in a new solar power project and captive power plants to reduce energy costs. While specific total INR Cr for the project is not explicitly totaled, the company maintains term loans for these facilities, including a solar project expected to improve financial flexibility.

Credit Rating & Borrowing

Infomerics upgraded the long-term rating to IVR BBB/Stable (from IVR BBB-/Stable) and the short-term rating to IVR A3+ (from IVR A3) in July 2025. Borrowing costs are linked to standard bank rates for term loans totaling approximately INR 85.59 Cr and working capital limits of INR 30.00 Cr.

⚙️ Operational Drivers

Raw Materials

Cotton and Yarn are the primary raw materials. Cotton prices are highly volatile and influenced by the Minimum Support Price (MSP) set by the government, directly impacting the cost of production for the spinning and fabric divisions.

Import Sources

Not disclosed in available documents; however, the company monitors Indian government policies regarding cotton MSP, suggesting significant domestic sourcing.

Key Suppliers

Not disclosed in available documents; however, the promoters' two-decade experience has established healthy relationships with a wide network of suppliers and dealers.

Capacity Expansion

The company is expanding its solar power capacity to achieve energy self-sufficiency. It is also scaling up operations to meet larger volumes for big brands and retailers, though specific MTPA or unit capacity is not disclosed.

Raw Material Costs

Raw material costs are a major component of the cost structure. The company uses an order-backed procurement policy and maintains substantial inventory (Inventory Turnover Ratio decreased 63.71% to 14.80 in FY25) to safeguard against price volatility.

Manufacturing Efficiency

Manufacturing efficiency is being driven by the integration of captive power and the ability to provide large volumes consistently to big brands, aiming to regain 'preferred supplier' status.

📈 Strategic Growth

Expected Growth Rate

24.50%

Growth Strategy

Growth will be achieved by targeting revenue exceeding INR 750 Cr per annum, scaling up relationships with large physical and online retailers, and leveraging new state/central government textile incentives. The company is also focusing on non-U.S. markets to bypass trade barriers and utilizing captive solar power to remain price-competitive.

Products & Services

The company manufactures and sells Fabrics, Garments, and Yarn. It provides these to large retailers and big brands, focusing on quality and design capability.

Brand Portfolio

United Polyfab Gujarat Limited (UPGL). The company supplies to 'big brands' and 'large retailers,' though specific third-party brand names are not listed.

New Products/Services

The company has started building relationships to supply finished garments to large retailers, moving further down the value chain from yarn and fabric.

Market Expansion

Targeting non-U.S. markets to mitigate macroeconomic effects and expanding relationships with large-scale online and physical retailers.

Market Share & Ranking

Not disclosed in available documents; the industry is described as highly fragmented with many organized and unorganized players.

🌍 External Factors

Industry Trends

The textile industry is evolving with a shift toward sustainable energy (solar) and increased government support through incentives. The company is positioning itself as a high-volume, quality-consistent supplier for large-scale retail brands.

Competitive Landscape

Intense competition from both large organized players and numerous unorganized spinning units, which limits bargaining power.

Competitive Moat

The company's moat is built on the promoters' 20+ years of experience and established supplier/dealer networks. This is sustainable as it ensures raw material access in a volatile market, though it is challenged by the fragmented nature of the industry.

Macro Economic Sensitivity

Highly sensitive to global trade policies and domestic agricultural policies (MSP). A change in export incentives or GST rates would directly impact international competitiveness.

Consumer Behavior

Increased demand from large-scale online retailers is shifting the company's focus toward building direct relationships with digital platforms.

Geopolitical Risks

Steep U.S. tariffs targeting textile exports represent a significant geopolitical risk to the company's traditional export markets.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013 and textile-specific regulations including cotton MSP policies, export/import duties, and labor laws.

Environmental Compliance

The company is investing in solar power projects to align with green energy trends and reduce its carbon footprint, though specific ESG costs in INR are not disclosed.

Taxation Policy Impact

The company is subject to standard Indian corporate tax rates; it also monitors changes in GST rates which affect the overall competitiveness of textile products.

Legal Contingencies

The company has a corporate guarantee of INR 21.42 Cr as of March 31, 2025, given in favor of its related entity, United Techfab Ltd. Crystallization of this liability is a key downward rating factor.

⚠️ Risk Analysis

Key Uncertainties

Raw material price volatility (cotton/yarn) and the potential crystallization of the INR 21.42 Cr corporate guarantee are the primary uncertainties that could impact liquidity by over 15-20%.