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Buy Control Print; target of Rs 375: ICICI Direct

ICICI Direct is bullish on Control Print has recommended buy rating on the stock with a target price of Rs 375 in its research report dated June 14, 2017.

June 15, 2017 / 15:39 IST
     
     
    26 Aug, 2025 12:21
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    ICICI Direct's research report on Control Print

    CPL is a leading coding & marking player domestically with manufacturing capability in printing machines, spare parts & associated consumables (ink). These are required to print essential real time product details like manufacturing date, expiry date, batch number, maximum retail price, etc, on any manufacturing product.

    Outlook

    We value CPL at Rs 375, i.e. 15x P/E (0.7x PEG) on FY19E EPS of Rs 25.0/share with a BUY rating on the stock. The key risk to our call is elongated working capital cycle and temporary disruption in the value chain on account of implementation of GST.

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    first published: Jun 15, 2017 03:39 pm

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