Dalmia Securities' research report on Polyplex Corporation
Polyplex Corporation 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 a global 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.
Outlook
We recommend a Hold on PCL with target price of INR 672, valuing the stock at 3x EV/EBITDA.
For all recommendations report, click here
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