BSE: 504605
UNI ABEX ALLOY PRODUCTS LTD.
Manufactures alloy products in the iron and steel industry, operating a factory in Dhar with a registered office in Mumbai. Revenue from operations for FY26 was Rs 21,878.41 lakhs, up 13.3% from Rs 19,308.61 lakhs in FY25, with Q3 FY26 revenue at Rs 4,552.85 lakhs and nine-month revenue at Rs 14,049.38 lakhs. Materials are the largest cost line at 44.5% of revenue, followed by other operating expenses at 25.5% and employee costs at 9.4%, with depreciation at 2.3% and capex at 2.0% of revenue. The FY26 net profit of Rs 27,986.21 lakhs was driven almost entirely by an exceptional gain of Rs 27,353.05 lakhs from the sale of an investment property in Thane to M/s RSVM Hospitality Private Limited for Rs 28,019.42 lakhs. The company is part of the Neterwala Group, with aggregate promoter holding of 63.63% held indirectly through CFA, Unitel Finance, and S.D.N. Company, and has no subsidiaries. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Alloy products. Small-cap alloy manufacturer; FY26 earnings dominated by a one-time land sale gain
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 137 | 164 | 180 | 193 | 219 |
| EBITDA (ex other income) | 21 | 28 | 49 | 44 | 325 |
| margin % | 15.3 | 17.0 | 27.4 | 22.8 | 148.6 |
| Owners' profit | 12 | 19 | 35 | 34 | 280 |
| EPS, as reported (₹) | 62.27 | 93.82 | 179.54 | 169.99 | 1417.02 |
| ROE % · ROCE % | 18.7 · 26.0 | 22.7 · 30.8 | 31.3 · 41.8 | 23.7 · 31.9 | 67.5 · 79.0 |
| Debt / equity (x) | 0.18 | 0.13 | 0.15 | 0.08 | 0.03 |
| Cash from operations | 13 | 26 | 28 | 52 | 25 |
| Capex | (2) | (4) | (3) | (5) | (4) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44 | 47 | 42 | 60 | 39 | 56 | 46 | 78 |
| Profit before tax | 10 | 11 | 8 | 17 | 7 | 15 | 7 | 299 |
| Net profit | 7 | 8 | 5 | 13 | 6 | 11 | 5 | 258 |
| EPS (₹) | 36.74 | 42.46 | 26.78 | 64.01 | 28.14 | 56.73 | 27.70 | 1304.45 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 67,533 | 29.2 | 7.18 | 28.8 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 60,250 | 49.0 | 11.38 | 31.4 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 31,861 | 28.4 | 2.58 | 12.9 | 8.6 | 11.4 | 24.1 | 14.9 |
| RATNAMANI MET & TUB LTD. | 16,161 | 37.3 | 3.84 | 18.9 | 12.7 | 15.6 | 14.4 | 18.5 |
| JINDAL SAW LIMITED | 15,396 | 23.5 | 1.25 | 8.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| USHA MARTIN LTD. | 14,152 | 27.9 | 4.29 | 18.6 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,005 | 29.9 | 3.92 | 17.3 | 14.6 | 16.8 | 34.4 | 17.8 |
| GODAWARI POW & ISP LTD | 12,751 | 14.9 | 2.18 | 9.7 | 13.7 | 17.0 | 5.7 | 21.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.0 | 15.4 | 7 of 105 | 94% |
| P/B | 2.0 | 1.5 | 67 of 101 | 34% |
| ROCE | 78.9 | 9.1 | 2 of 115 | 99% |
| ROE | 67.5 | 8.6 | 2 of 103 | 99% |
| Debt / Equity | 0.0 | 0.2 | 23 of 101 | 78% |
| EBITDA margin | 384.2 | 11.0 | 1 of 100 | 100% |
| Revenue growth | 29.5 | 13.7 | 26 of 97 | 74% |
| Profit growth | 1937.8 | 29.3 | 1 of 105 | 100% |
| Market cap | 826 | 216 | 41 of 122 | 67% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve Q2 and half-year results on 4 November 2026 | results | low | — | — |
| 28 Sept 2026 · Intimation of Closure of Trading Window for 2nd quarter and half year of the Financial Year 2026-2027 ending 30th September, 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · Disclosure under Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations, 2015 (''Listing Regulations'') | management changes | medium | — | — |
| 28 Sept 2026 · Board appoints Ms. Steffi Alwa as new Company Secretary and Compliance Officer | management changes | medium | — | — |
| 15 Sept 2026 · Reminder to physical shareholders to update PAN, KYC and nomination | compliance | minimal | — | — |
| 10 Sept 2026 · 53rd AGM: All 6 resolutions passed; Rs 100 per share dividend declared | board shareholder meetings | medium | — | — |
| 9 Sept 2026 · Uni Abex 53rd AGM: Rs 100 Dividend Declared, 6 Resolutions Passed | board shareholder meetings | low | — | — |
| 9 Sept 2026 · 53rd AGM held; Rs 100 per share dividend declared; results pending | board shareholder meetings | low | — | — |
| 11 Aug 2026 · 53rd AGM on 9 Sept; Record date 2 Sept; total dividend Rs.100/share | corporate actions | high | — | — |
| 11 Aug 2026 · 53rd AGM on Sep 9; record date Sep 2; total dividend Rs 100 per share | corporate actions | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.