Buy Essel Propack; target of Rs 301: Edelweiss

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Edelweiss' research report on Essel Propack

Essel Propack's (EPL) Q4FY17 consolidated revenue at INR6.1bn rose 12% YoY driven by Europe, which jumped 41% YoY to INR 1.4bn. While AMESA & EAP grew 8% & 10%, respectively, below par US & Mexico performance marred good performance in Americas (declined 3%). India revenues grew 4% YoY; stellar growth in Egypt (revenues up 26% YoY) was a key quarter highlight.

Outlook

While growth in EAP revived, Europe was stable. We expect the impact of one-off’s seen in FY17 to fade and estimate EPL to clock 13% revenue CAGR with 420bps improvement in RoCE over FY17- 19 to 22.6%. We maintain our FY19E EV/EBITDA at 9.0x, yielding target price of INR 301. We maintain ‘BUY’.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More