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Here's a quality mid-cap to own for the long term

Given the promising outlook for Control Print, the valuation is quite attractive

August 24, 2022 / 05:35 PM IST
Here's a quality mid-cap to own for the long term

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Control Print (CMP: Rs 453 M Cap: Rs 739 crore) has been a consistent performer despite uncertain external environment. Therefore, with economic activity picking up in Q1 FY23, it delivered a strong show. As the recovery gathers steam, we see a steady traction in the business and the higher volume of consumable sales that accompanies industrial recovery is positive for its margin. The long-term prospects are exciting in an oligopolistic market dominated by few players and the regulatory requirement...

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