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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Investment Thesis
Bansal Multiflex Limited is a small Ahmedabad-based unlisted public limited company engaged in trading of fabrics and chemicals, incorporated in 2013. With a share price at face value and minimal public disclosures, it represents a high-risk, low-information investment proposition in the competitive textile trading segment. Investors should exercise caution and conduct thorough due diligence via MCA filings before considering exposure.
Pros
Cons
Business Segments
Textile Trading
Trading of grey cloth (unfinished woven fabric) and finished fabrics; job work for grey cloth processing.
Chemical Trading
Trading of chemicals used in detergent and soap manufacturing — FMCG input supply.
Revenue Model
Bansal Multiflex Limited generates revenue primarily through the trading of textiles (cloth, semi-furnished and finished fabrics) and chemicals. The company acts as an intermediary in the supply chain, sourcing goods and selling to manufacturers or distributors. Revenue is transaction-based and margin-driven from the spread between procurement and selling prices.
Detailed Analysis
Growth Plans
Growing flexible packaging demand from India's FMCG, pharma, and food industries
Gujarat's strong industrial base providing business development opportunities
Potential transition from trading to light manufacturing could add value
Industry Tailwinds
Growing flexible packaging demand from India's FMCG, pharma, and food industries
Recent Developments
The company's last MCA balance sheet was filed for FY2018. NSE SME listing status should provide ongoing disclosures on exchange.
Post-2018Comparable Companies
COSMOFILMS · ~2,200 Cr
Frequently Asked Questions
About Bansal Multiflex
Bansal Multiflex Limited is an Ahmedabad-based flexible packaging manufacturer incorporated in 2013 under the Registrar of Companies, Ahmedabad. The company's CIN is L36100GJ2013PLC077651 and its registered address is at 72, The Nutan Gujarat Co-Op Shops and Warehouses Society, O/S Raipur Gate, Near Laxmi Cotton Mill, Ahmedabad, Gujarat 380022. The company is listed on NSE SME, reflecting its position as a small and medium enterprise in the flexible packaging sector. With an authorised share capital of ₹10 crore and paid-up capital of ₹7.41 crore, Bansal Multiflex is a relatively young company that entered the growing flexible packaging market in 2013. Directors include Anupkumar Rajendrakumar Bansal, Tejas Anup Bansal, Malay Rohitkumar Bhow, and Rajesh Kumar Singal — a family-managed business with the Bansal family at the helm. Flexible packaging is one of India's fastest-growing packaging segments, expanding at approximately 12-15% CAGR, driven by FMCG companies' shift from rigid to flexible packaging for cost efficiency and convenience. Flexible packaging includes multilayer laminates, pouches, bags, wraps, and sachets used for food, beverages, personal care, and pharma products. Ahmedabad is a key flexible packaging manufacturing hub in India, with proximity to the large Gujarat chemical and FMCG industries. The last balance sheet was filed for FY2018, suggesting limited recent public financial disclosure. Being listed on NSE SME provides some regulatory framework despite the company's small scale.
Key Milestones
Incorporated 2013 in Gujarat as Bansal Tradeworld Pvt Ltd (CIN: L36100GJ2013PLC077651)
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Gujarat's strong industrial base providing business development opportunities
Potential transition from trading to light manufacturing could add value
Industry Headwinds
Limited financial transparency and very limited investor interest at current price
Margin pressure from online marketplaces and direct manufacturer-buyer linkages
No confirmed recent expansion or business activity publicly documented
Last MCA balance sheet filed for FY2018 — significant gap in financial disclosure
Source: Media Reports / Public Records
NSE SME listing should provide ongoing disclosures but MCA compliance gap is notable
Source: Regulatory Filings
As an unlisted company, Bansal Multiflex does not publish quarterly financial results, making financial health assessment difficult for potential investors.
Pure trading businesses in textiles and chemicals are vulnerable to margin compression, as the model depends on price spreads which can be squeezed by direct procurement by end-users.
The textile fabric and chemical trading sector in Gujarat is extremely competitive with numerous established players, limiting pricing power.
With a share price at face value (₹10) and unlisted status, this stock has extremely limited secondary market liquidity.
UFLEX · ~3,500 Cr
POLYPLEX · ~3,000 Cr
Renamed Bansal Multiflex Limited; NSE listed (symbol: BANSAL); ISIN INE668X01018
Trading in grey cloth, fabrics, and chemicals; job work for grey cloth processing
Registered in Ahmedabad, Gujarat; promoter holding ~71.52%