Broker research reports for stocks which have been downgraded by brokers. Both recommendation downgrades,
as well as share price target downgrades are available for companies in Industry - Containers & Packaging.
Broker Research reports: latest Downgrades
for Industry - Containers & Packaging
EPLL reported a strong operating performance in 4QFY24, with EBITDA rising 23% YoY due to 2.1x YoY EBITDA growth for the Americas (led by the ongoing program to improve margins in the Americas coupled with a positive contribution from the Brazil business).
We believe Mold-Tek packaging shares are trading at a fair value, and since the broader future prospects of the business have remained largely similar, we therefore maintain our HOLD rating on the stock.
EPL’s Q1FY24 print shows recovery in margins (gross profit margin up 375bps QoQ to 57.8%; and EBITDA margin up 150bps QoQ to 17.5%) aided by price hikes, lower input prices and optically lower realisations. However, revenue growth has decelerated, particularly in AMESA (and India).
Recommendation: We believe Mold-Tek packaging sharesare trading at fair value trading at 40x TTM PE, and since the broader prospects of the business have remained largely similar,we have maintained our HOLD rating on the stock.
Recommendation: Mold-Tek packaging share price had witnessed a recent rally which has led to company trading at 42x TTM PE, and since the broader prospects of the business have remained largely similar we have revised our BUY rating on the stock to HOLD.
EPL’s Q2FY23 print was a mixed bag with revenue growth of 9% YoY (+14% QOQ) to Rs9.5bn led by growth across regions. However, gross profit margin fell 200bps QoQ to 54% despite softening raw material prices due to high-cost inventory and volatility in currencies (vs USD).
