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Last Updated : Nov 20, 2018 04:25 PM IST | Source:

Hold Polyplex Corporation; target of Rs 672: Dalmia Securities

Dalmia Securities recommended hold rating on Polyplex Corporation with a target price of Rs 672 in its research report dated November 15, 2018.

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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.


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

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.

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First Published on Nov 20, 2018 04:25 pm
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