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Buy Polyplex Corporation Ltd; target of Rs 702: Dalmia Securities

Dalmia Securities has recommended buy rating on Polyplex Corporation Ltd with a target price of Rs 702 in its research report dated February 27, 2018.

April 05, 2018 / 05:54 PM IST
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Dalmia Securities' research report on Polyplex Corporation Ltd

Polyplex Corp Ltd (PCL) is one of the world's largest manufacturers of thin Polyethylene Terephthalate (PET) film catering to Packaging, Industrial, Electrical & Imaging industry through its state-of-the-art manufacturing plants and distribution facilities in India, Thailand, Turkey and the US with market share of ~5% in the thin PET film. PCL has a capacity of 186,000 MT of thin PET film and 28,800 MT of thick PET film which forms majority of the capacity.


Thus, on the back of good growth potential and inexpensive valuations, we expect the PCL stock to get rerated going ahead. We initiate coverage on the stock with a Buy recommendation and Target Price of INR 702, valuing the stock at 3x FY20E EV/EBITDA implying an upside of 38%.

For all recommendations report, click here

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


Broker Research
first published: Feb 27, 2018 05:22 pm

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