Value-Creation Simulator

Pick a scenario or pull the levers — see profit, cash, leverage against the 5.5× ceiling, and enterprise & equity value move in real time for UFlex, then stress-test it with AI.

UFlex Limited · FY26 (Mar'26, audited consolidated anchor)

India's largest multinational flexible-packaging & solutions company

12,000 employees · 14 plants & units · 9 plant countries

Scenarios

Pull the levers

Collect faster (DSO 92 → 75d)

High8d

One-time working-capital release — sweeps to debt+₹337.6 Cr cash

Lift value-added & converting mix

Med2pt

Shift commodity films to laminates / Asepto / specialty (~6pt margin premium)+₹18.5 Cr EBITDA

Capture cross-line CPG attach

Med25%

of ₹2.25k Cr whitespace → ₹563.8 Cr revenue+₹140.9 Cr EBITDA

Operational gains (films spread & utilization)

High1pt

Films utilization 77.5%→85 · spread recovery · yield & energy+₹159.6 Cr EBITDA

EV / EBITDA multiple

Market6x

~6.1× today — deleverage + Asepto + margin proof re-rate it toward 8×

Value-added & converting carries ~6pt EBITDA premium · cross-line CPG attach at 25% incremental margin, 60% lands in value-added lines · DSO release is one-time working capital, swept to the ₹8,622 Cr net-debt stack · EV at the chosen multiple. Illustrative model on real FY26 baseline figures.

Equity value (EV − net debt)

₹5.53k Cr+₹2.25k Cr

EV ₹13.82k Cr at 6× EBITDA − net debt ₹8.28k Cr · today's market cap ≈ ₹3,416 Cr (0.22× sales)

EBITDA margin vs the 15% target12.8% → 14.4%

white line = today's 12.8% · Q4 FY26 exited at 15.3% (14-quarter high — an exit rate, not a run-rate)

Cash freed

₹338 Cr

one-time, from −8d DSO

Lands in 0–6 months · sweeps straight into the ₹8,622 Cr net-debt stack — deleverage with no new sales.

EBITDA bridge · ₹1.98k Cr → ₹2.30k Cr+₹319 Cr (14.4% margin)

₹1.98k Cr

+₹160 Cr

+₹141 Cr

Operational gains+₹159.6 Cr

Cross-line CPG attach+₹140.9 Cr

Value-added mix shift+₹18.5 Cr

Ranked by EBITDA contribution — the top bar is the biggest lever in this scenario. (DSO shows as cash, not EBITDA.)

Baseline → scenario

Metric	Today		Scenario	Δ
Revenue	₹15.40k Cr	→	₹15.96k Cr
EBITDA (reported)	₹1.98k Cr	→	₹2.30k Cr
EBITDA margin	12.8%	→	14.4%	+1.6pt
Value-added & converting	₹5.07k Cr	→	₹5.72k Cr	mix 36%
Net leverage	4.35x	→	3.60x	-0.75x
Interest cover (int. ₹777 Cr)	2.55x	→	2.96x
Enterprise value	₹11.90k Cr	→	₹13.82k Cr	+₹1.91k Cr
Equity value (EV − net debt)	₹3.28k Cr	→	₹5.53k Cr	+₹2.25k Cr

Covenant headroom — thin by design of the capex cycle1.90x below the 5.5x ceiling

5.5x ceiling

scenario 3.60xtoday 4.35x (line) — ROSE from 3.73x through the capex cycle