The program cockpit — turning status into an executable rollout plan across SAP S/4 + plant MES, Egypt / new-plant commissioning, the CPG account master & order-desk integration, and energy, yield & recycling, workstream by workstream, blocker by blocker, rupee by rupee.
The program book is the value and the risk: ₹113 Cr of savings is still unbanked across 4 program-led businesses at 87% average modernization, with 8 open blockers gating the rollout — Egypt aseptic commissioning above all. Clear the critical path and bank the run-rate before FY27 volumes arrive.
4 of 4 headline metrics improving vs prior · still off target: Program Realization (Mix / Circularity / WC) 68.0% vs 100.0%, EBITDA Margin (Reported) 12.8% vs 15.0%, Overheads % of Income 8.6% vs 8.0%
Open blockers hold the rollout — and ₹113 Cr of unbanked savings — hostage across the 4 program-led businesses; the Egypt aseptic validation gates FY27 aseptic volumes outright.
Gates the program go-live (SAP S/4 ledger, plant MES & Egypt commissioning).
Working-capital & deleverage is leaking run-rate: ₹46 Cr actual vs ₹60 Cr plan (₹-14 Cr variance) — it compounds into the forecast quarters.
Owner: Arun Kumar Sharma · Treasury
90% PCR Film is underwater at 0.9x — ₹21 Cr spent against ₹18 Cr realized; halt discretionary spend until capture catches up.
Protect the ≥1.3x businesses as the playbook
Faster program execution is one of UFlex's top priorities — it is where margin and savings are created and where they leak. This view turns "status" into an executable plan: the 4 program-led businesses (Asepto, Flex Films, Asclepius PCR, Flexible Packaging), their six workstreams (SAP S/4 + ledger, customer & CPG account master, order desk / CRM, plant MES / Industry-4.0, Egypt / new-plant commissioning, energy, yield & recycling), the blockers in the way, and the ~₹113 Cr of savings still unbanked waiting on the rollout.
Do this: work the blocker named in each card first; if none, push the lowest-% workstream to its target date.
Read across each row for the business's weak spot; read down each column for the workstream that's stuck enterprise-wide. Tint = status; number = % complete.
| Business | SAP S/4 / Ledger | Customer & CPG Account Master | Order Desk / CRM Integration | Plant MES / Industry-4.0 | Egypt / New-Plant Commissioning | Energy, Yield & Recycling |
|---|---|---|---|---|---|---|
| Laminates & Pouches | 96% | 78% | 84% | 80% | 95% | 74% |
| Global Films | 78% | 70% | 62% | 68% | 88% | 72% |
| Aseptic Liquid Packaging | 90% | 82% | 78% | 86% | 76% | 80% |
| 90% PCR Film | 70% | 64% | 55% | 66% | 92% | 60% |
Do this: assign each open blocker a named owner and a date; the Blocker/High rows are the ones holding savings hostage.
| Severity | Business | Workstream | Description | Owner | Due | Status |
|---|---|---|---|---|---|---|
| Blocker | Aseptic Liquid Packaging | Egypt / New-Plant Commissioning | Egypt aseptic greenfield (USD 126 mn) final line validation & CPG qualification on the critical path — FY27 aseptic volumes gated on sign-off. | Transformation PMO | 2026-09-30 | Mitigating |
| High | Global Films | Plant MES / Industry-4.0 | Nigeria & UAE film lines not yet streaming OEE telemetry to the common MES; utilization gaps (66.7% / 65.7%) surface late. | Manufacturing · Ops | 2026-11-15 | Open |
| High | Global Films | SAP S/4 / Ledger | Russia/CIS entity consolidation still runs on manual FX-translation workpapers (USD/INR closed 94.65); automation & controls pending. | Chief Information & Digital Officer | 2026-10-30 | Open |
| Medium | Laminates & Pouches | Customer & CPG Account Master | ~180 duplicate CPG ship-to records across order desk & overseas entity ERPs await MDM steward merge before billing migration. | Data · MDM steward | 2026-11-30 | Open |
| Medium | 90% PCR Film | Energy, Yield & Recycling | EPR recycled-content credit tracking is spreadsheet-based; audit trail needed for FY27 compliance filings. | Ops · Sustainability | 2026-10-10 | Open |
| Medium | Global Films | Order Desk / CRM Integration | Third-party PET-chip spot orders at Panipat quoted off-platform; pricing-governance gap vs SAP SD. | RevOps · Key CPG Accounts | 2026-09-15 | Open |
| Low | Aseptic Liquid Packaging | Order Desk / CRM Integration | Asepto liquor-carton artwork & state-excise approvals pending in two state markets. | President — Aseptic Liquid Packaging (Asepto) | 2026-08-31 | Mitigating |
| Low | Global Films | Egypt / New-Plant Commissioning | Dharwad BOPP construction telemetry to be wired into the MES backbone at commissioning (FY28). | Transformation PMO | 2027-06-30 | Open |
Do this: the negative-variance programs are leaking run-rate — put a 90-day recovery plan on each before they compound into the forecast quarters.
| Program | Owner | Plan ₹Cr | Actual ₹Cr | Variance | % captured |
|---|---|---|---|---|---|
| Value-added & specialty mix shift (Alox / high-barrier / PCR) | Jeevaraj Pillai | ₹120 Cr | ₹112 Cr | ₹-8 Cr | 93% |
| Aseptic scale-up & Egypt commissioning | President — Aseptic Liquid Packaging (Asepto) | ₹85 Cr | ₹76 Cr | ₹-9 Cr | 89% |
| Recycling / Project Plastic Fix | Head of Recycling & Circularity (Project Plastic Fix) | ₹45 Cr | ₹41 Cr | ₹-4 Cr | 91% |
| Backward integration — PET chips (Panipat & Egypt) | P.L. Sirsamkar | ₹95 Cr | ₹94 Cr | ₹-1 Cr | 99% |
| Working-capital & deleverage | Arun Kumar Sharma · Treasury | ₹60 Cr | ₹46 Cr | ₹-14 Cr | 77% |
Do this: protect the ≥1.3x businesses as the playbook; for sub-1x businesses, freeze discretionary program spend until savings capture catches up.
| Business | Since | Budget | Spent | Savings target | Savings realized | ROI | Status |
|---|---|---|---|---|---|---|---|
| 90% PCR Film | 2023 | ₹30 Cr | ₹21 Cr | ₹45 Cr | ₹18 Cr | 0.9x | In progress |
| Aseptic Liquid Packaging | 2017 | ₹55 Cr | ₹42 Cr | ₹85 Cr | ₹52 Cr | 1.2x | In progress |
| Chemicals & Inks | 2004 | ₹25 Cr | ₹19 Cr | ₹34 Cr | ₹22 Cr | 1.2x | In progress |
| UFlex Holography & Security | 1999 | ₹20 Cr | ₹18 Cr | ₹30 Cr | ₹26 Cr | 1.4x | Integrated |
| UFlex Engineering & Cylinders | 1995 | ₹18 Cr | ₹13 Cr | ₹24 Cr | ₹14 Cr | 1.1x | In progress |
| Global Films | 1994 | ₹90 Cr | ₹74 Cr | ₹130 Cr | ₹92 Cr | 1.2x | In progress |
| Laminates & Pouches | 1988 | ₹60 Cr | ₹55 Cr | ₹95 Cr | ₹80 Cr | 1.5x | Integrated |