In an interview with CNBC-TV18, Suresh Gupta, chairman and managing director of Paper Products said that the company, at a global level, has identified Rs 4,000 crore global business of flexible packaging within the total Rs 15,000 crore business of Huhtamaki Packaging Group of Finland.
Suresh Gupta, chairman and managing director of Paper Products , in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, said that the company is focusing on flexible packaging products. "We are looking for techniques to expand them into innovative and value-added products," he said.
"Based on this positive outlook, we are prepared to invest (wherever required) for growth," he added.
Below is the verbatim transcript of his interview. Also watch the accompanying video.
Q: You have planned a significant investment, both organically and inorganically. Can you throw some light on it?
A: We have a positive outlook on the Indian market and the flexible packaging products, which we are currently marketing in the country.
We would like to focus more on the techniques to expand them into innovative and value-added products. Based on this positive outlook, we are prepared to invest (wherever required) for growth.
Q: What would your plans be on the inorganic front?
A: If there is an opportunity, which adds to our ability to offer good packaging solutions in the Indian market, we are ready to look at those.
Q: What is the corpus that you have lined out for this?
A: At the global level, we have identified Rs 4,000 crore business of flexible packaging. And within this, India has been targeted as the most significant area for growth.
Huhtamaki PPL stock price
On March 02, 2015, Huhtamaki PPL closed at Rs 215.20, up Rs 2.20, or 1.03 percent. The 52-week high of the share was Rs 227.90 and the 52-week low was Rs 85.05.
The company's trailing 12-month (TTM) EPS was at Rs 8.89 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 24.21. The latest book value of the company is Rs 62.67 per share. At current value, the price-to-book value of the company is 3.43.
Set email alert for
ADS BY GOOGLE
video of the day
Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec