What does U.P. Asbestos Limited do?

U.P. Asbestos Limited is a Lucknow-based manufacturer of asbestos cement products, operating in the building materials segment. The company has been in operation since 1958 and produces asbestos cement sheets and related construction materials used primarily in roofing and building applications.

What is the market cap of U.P. Asbestos Limited?

U.P. Asbestos Limited has a market capitalization of approximately ₹72.86 Crore, based on a share price of ₹80 and face value of ₹10 per share.

Is U.P. Asbestos Limited profitable?

Yes, U.P. Asbestos Limited appears profitable with an EPS of ₹15.39, a PE ratio of 5.2x, and a book value of ₹144.7 per share, implying positive earnings and significant net asset value per share.

What is the ISIN of U.P. Asbestos Limited?

The ISIN of U.P. Asbestos Limited is INE863B01018, with PAN AAACU1994L and CIN L26940UP1958PLC002897.

What are the risks of investing in U.P. Asbestos Limited?

The primary risk is regulatory: asbestos cement products are subject to increasing health and environmental scrutiny globally. India has not yet implemented a full ban, but the sector faces long-term demand uncertainty. Additionally, the company is unlisted with limited liquidity.

How do I buy U.P. Asbestos unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for U.P. Asbestos?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell U.P. Asbestos shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

U.P. Asbestos Unlisted Share Price | Buy U.P. Asbestos Pre-IPO Shares — wisefolio

Investment Thesis

Uttar Pradesh-based fibre cement (AC) roofing sheet manufacturer (est. 1973, listed MSEI: UPAL) with ~6% national market share. Manufacturing at Mohanlalganj (Lucknow) and Dadri (Gautam Budh Nagar). Revenue ₹204.81 Cr FY2023; PAT ₹6.64 Cr FY2024. Q3 FY2026 showing strong acceleration: sales +49.11%, profit +82.29% YoY. Tayal family promoter group holds 71.5% (acquired control from Times of India in 1994). Diversifying into steel sheets, cables, and paints. MSEI listing limits liquidity. Solid regional manufacturer with improving momentum.

Pros

Revenue ₹204.81 Cr FY2023; PAT ₹6.64 Cr FY2024 — profitable medium-scale manufacturer
Q3 FY2026: Sales ₹56.72 Cr (+49.11% YoY); profit ₹3.50 Cr (+82.29% YoY) — strong acceleration
~6% national market share in fibre cement/AC roofing sheets — established market position
Tayal family hold 71.5% — strong promoter commitment
Listed on MSEI (ticker: UPAL); CRISIL rated
Current ratio 3.81 (FY2024) — strong liquidity

Cons

AC/asbestos cement sector faces regulatory and health-related perception risks
ROE only 4.78% FY2024 (vs 7.25% FY2023) — declining returns on equity
Listed on MSEI only — low trading liquidity for investors

Business Segments

Fibre cement (AC) roofing sheets — ~6% national market share; one of India's largest AC sheet manufacturers

Coloured profile steel sheets

Electrical cables and paints

Manufacturing: Mohanlalganj (Lucknow) and Dadri (Gautam Budh Nagar), Uttar Pradesh

Revenue Model

U.P. Asbestos generates revenue through the manufacture and sale of asbestos cement products, primarily to construction contractors, builders, and distributors in the Uttar Pradesh and North India markets.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Rural construction demand in Uttar Pradesh supporting near-term asbestos sheet demand

Asset monetization potential given significant book value (₹144.7/share) versus market price (₹80/share)

Industry Tailwinds

Rural construction demand in Uttar Pradesh supporting near-term asbestos sheet demand

Asset monetization potential given significant book value (₹144.7/share) versus market price (₹80/share)

Recent Developments

FY2023: Revenue ₹204.81 Cr; net worth ₹111.82 Cr

FY2024: PAT ₹6.64 Cr; current ratio 3.81; DSCR 1.28 (improved from 0.94)

Q3 FY2026 (Dec 2025): Sales ₹56.72 Cr (+49.11%); consolidated net profit ₹3.50 Cr (+82.29% YoY)

Expanding product mix: coloured steel sheets, cables, paints alongside core AC sheets

Comparable Companies

CompanyTypeTickerMkt Cap

Everest IndustriesListedEVERESTIND~1200 Cr

Ramco IndustriesListedRAMCOIND~2500 Cr

Everest IndustriesListed

EVERESTIND · ~1200 Cr

Ramco IndustriesListed

RAMCOIND · ~2500 Cr

Frequently Asked Questions

About U.P. Asbestos

U.P. Asbestos Limited is a Lucknow-based manufacturer of asbestos cement products, incorporated in 1958 in Uttar Pradesh. The company is listed on BSE with ISIN INE863B01018. It manufactures corrugated asbestos cement sheets, flat sheets, and related building materials used in low-cost housing and rural construction across India. Asbestos cement products have historically been used extensively in rural and semi-urban India for roofing due to their low cost, durability, and weather resistance. However, the sector faces increasing regulatory and public health scrutiny globally, as certain forms of asbestos are classified as carcinogenic. India has not yet banned chrysotile (white) asbestos, and the industry continues to operate under existing environmental and health regulations. As a legacy manufacturer with over six decades of operations, U.P. Asbestos serves the construction materials market in North India. The company is listed on BSE, providing regulatory oversight, though trading volumes may be limited given the sector's profile and small company scale.

Key Milestones

1973 — Incorporated (18 July) under ROC Kanpur as U.P. Asbestos Limited

1976 — Listed on stock exchange

Common questions about unlisted shares

How do I buy U.P. Asbestos unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

U.P. Asbestos Limited

How settlement works

Get price alerts for U.P. Asbestos Limited

Discuss U.P. Asbestos

Similar companies

Other ways to invest