Essel Propack Ltd.

NSE: ESSELPACK | BSE: 500135 | ISIN: INE255A01020 |Industry: Containers & Packaging
|Expensive Star
258.25 -11.85 (-4.39%)
NSE Aug 07, 2020 15:31
Volume: 228.4K

Essel Propack Ltd.    
31 Jul 2020
Motilal Oswal
31 July 2020 Essel Propack Essel Propack (ESEL) reported strong growth (13.6% constant currency growth) across geographies amid the COVID-19 crisis, primarily led by East Asia Pacific (EAP) and Europe. The ramp-up in operations led to an increase in operating leverage in EAP and Europe. Factoring a beat to our estimates for the quarter, we increase our earnings estimate for FY21/FY22E by 20%/12%, after considering a further ramp-up in operations and new launches across geographies, to arrive at TP of INR253. strong performance in EAP and Europe. EBITDA margins expanded by 250bp is attributable to a better product mix and operating leverage, including INR380m). AMESA revenue declined 3% YoY to INR2.2b. EBIT margins contracted by 190bp to 7.3% and EBIT decreased to INR160m (down 23% YoY). EAP revenue increased by 46% YoY to INR2b on a growing business pipeline in China and increased focus on regional players. The EBIT margin expanded 880bp to 21.7%, with EBIT at INR438m (up 2.
Essel Propack Ltd. has gained 41.31% in the last 1 Month
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