UFLEX LTD. Plunges by 7%; BSE 500 Index Down 4.4%
March 13, 2020 09:21 AM

UFLEX LTD. share price has plunged 7% and is presently trading at Rs 179.

Meanwhile, the BSE 500 Index is at 11,966 (down 4.4%).

Among the top losers in the BSE 500 Index today are UFLEX LTD. (down 7.3%) and HONEYWELL AUTOMATION (down 8.1%).

RAJESH EXPORTS (up 8.2%) and LAKSHMI VILAS BANK (up 4.7%) are among the top gainers today.

Over the last one year, UFLEX LTD. has moved down from Rs 226 to Rs 179, registering a loss of Rs 47 (down 20.8%)..

The BSE 500 has moved down from 14,949 to 11,966, loss of 2,983 points (down 20.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 202.0%), ABBOTT INDIA (up 88.9%) and NAVIN FLUORINE (up 87.1%).

What About the Benchmark Indices?

The BSE Sensex is at 31,214 (down 4.8%).

In the meantime, NSE Nifty is at 9,133 (down 8.7%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,214, registering a loss of 6,322 points (down 16.84%).

UFLEX LTD. Financial Update...

UFLEX LTD. net profit stood at Rs 848 million for the quarter ended December 2019, compared to a profit of Rs 540 million a year ago. Net Sales declined 9.4% to Rs 17.9 billion during the period as against Rs 19.8 billion in October-December 2018.

For the year ended March 2019, UFLEX LTD. reported 1.0% increase in net profit to Rs 3.2 billion compared to net profit of Rs 3.1 billion during FY18.

Revenue of the company grew 14.7% to Rs 82 billion during FY19.

The current Price to earnings ratio of UFLEX LTD., based on rolling 12 month earnings, stands at 3.7x.