EPL Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for EPL, BSE:500135 EPL Ltd.

EPL Ltd.

01 Aug 2020

207.02

-0.08%

Essel Propack

Buy: EPL Ltd.

Recommendation Target

ICICI Securities Limited

Europe, EAP regions revenue growth drive topline On the geography front, East Asia Pacific region (mainly China), Europe revenue grew strongly by 46%, 30% YoY, respectively, in Q1FY21 led by strong performance of new product category, addition of new clients. America's revenue grew ~11% YoY mainly due to ~31% YoY growth in personal care segment. Africa, Middle East, South Asia (AMESA) region mainly India, Egypt, reported ~3% revenue decline due sluggish demand of personal care products amid pandemic related lockdown. We model ~12%...

EPL Ltd. has an average target of 280.00 from 1 broker.

EPL Ltd.

31 Jul 2020

207.02

-0.08%

Essel Propack Ltd

Accumulate: EPL Ltd.

Target

CD Equisearch

y-o-y, oral care category which contributed to almost 51% of the total revenue, experienced an impressive growth in sales (10.4%) in the June quarter. With this unexpected revenue performance, the quarter recorded the one of the highest quarterly profits (adj. EBITDAEBITDA Rs. 151.76 cr) for Essel....

EPL Ltd. is trading below all available SMAs

EPL Ltd.

31 Jul 2020

207.02

-0.08%

Strong performance amid weak environment

Buy: EPL Ltd.

Target

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.

Promoters have decreased holdings from 51.31% to 26.42% in Jun 2025 qtr

EPL Ltd.

15 Jun 2020

207.02

-0.08%

Essel Propack

Hold: EPL Ltd.

Recommendation Target

ICICI Securities Limited

Amesa, EAP regions revenue growth marred by lockdown While America & Europe (together contribute ~50% to topline) regions reported revenue growth of 4% & 16% YoY in Q4FY20 (~5%, ~16%, respectively, in FY20), lower volume offtake in the Amesa and EAP regions hurt overall topline growth. Strong revenue growth in Americas and Europe was due to lower base, new customer. Adjusted with Covid-19 impact, topline in Q4FY20 would have up 7% YoY. Further, revenue growth in Americas, Europe is likely to remain intact owing to new client addition and...

EPL Ltd. has an average target of 280.00 from 1 broker.

EPL Ltd.

23 May 2020

207.02

-0.08%

COVID-19 impacts overall performance

Buy: EPL Ltd.

Target

Motilal Oswal

23 May 2020 Essel Propack Revenue across EAP and AMESA region was impacted during 4QFY20 due to the lockdown in China and India (Mar20). However, this was offset by robust growth in Europe and Americas region. Thus, overall consolidated revenue declined 1% YoY. We have cut our estimates for FY21/FY22E by 14%/5%, factoring in the slowdown in business across multiple geographies to arrive at a TP of INR200. Maintain Revenue declined marginally by 1% YoY to INR6.8b (v/s est. INR7.3b), primarily due to sluggish performance in EAP and AMESA (for certain portion of the quarter). EBITDA margins expanded by 110bp YoY to 20.1% (v/s est. 20.7%), largely due to improvement in the overall product mix and strong growth in the Europe region. However, this was offset by margin contraction in AMESA and Americas region. Adj. PAT declined 1% YoY to INR486m (v/s est.

EPL Ltd. is trading below all available SMAs

EPL Ltd.

03 Mar 2020

207.02

-0.08%

Embarking on the next growth trajectory

Buy: EPL Ltd.

Motilal Oswal

Furthermore, EPL has set up of a greenfield unit in Assam, India (annual capacity of ~220m tubes) and is focused on building a strong business development pipeline in China. EPL remains focused on both these segments as (a) long-term contracts with its oral care clients provide strong medium- to- long-term growth visibility and (b) improving share of personal care category is expected to drive overall margins as market value of personal care is 3-4x that of oral care. Blackstone has completely revamped EPLs board with fit-for-purpose professionals and brought in industry veterans for providing strategic guidance and growth initiatives. EPL has also restated its growth strategy under the tutelage of Blackstone and shifted its area of focus on accelerating growth in Personal Care, maintaining leadership position in Oral Care and prudent allocation of capital across its regions of operations. EPL could also leverage upon Blackstones strong capital base for organic and inorganic expansion.

Promoters have decreased holdings from 51.31% to 26.42% in Jun 2025 qtr

EPL Ltd.

23 Jan 2020

207.02

-0.08%

Essel Propack Ltd

Hold: EPL Ltd.

Target

CD Equisearch

es in America and Europe (revenue growth of 14.8% and 17.7% y-o-y respectively in the same period). ). While Personal Care category grew by 21.3% y-o-y, Oral Care category which contributes to almost 58% of the...

EPL Ltd. has an average target of 280.00 from 1 broker.

EPL Ltd.

16 Aug 2019

207.02

-0.08%

Essel Propack

Sell: EPL Ltd.

Recommendation Target

ICICI Securities Limited

Essel Propack (EPL) reported flattish topline (down ~9% QoQ) led by poor performance in AMESA and EAP regions (mainly India and China respectively). While India demand slowdown due to macro headwinds, the Chinese revenue slowdown was largely due to ongoing US-China trade issues. Despite significant rise in the contribution of non oral care to topline (up from 40.7% in Q1FY19 to 46.6% in Q1FY20) the EBITDA margin was under pressure mainly due to sharp decline in the profitability of the AMESA regions. We believe, the lumpiness of domestic business coupled with...

EPL Ltd. has an average target of 280.00 from 1 broker.

EPL Ltd.

04 Jul 2019

207.02

-0.08%

Essel Propack Ltd

Accumulate: EPL Ltd.

Recommendation Target

CD Equisearch

Lower offtake by key customers in India during the quarter crippled growth in net revenues to 1.5% (y-o-y) y) in Q4FY19 in AMESA. Egypt continued to post strong revenue growth for the quarter at 27.7% (18.0% on constant currency basis) helped by both oral and non--oral care categories. Offtake in oral care category in China has been declining over the past few years despite the subsidiary retaining its wallet share with key customers. In the United States, a second very high-speed...

EPL Ltd. is trading below all available SMAs

EPL Ltd.

09 May 2019

207.02

-0.08%

Essel Propack Ltd

Hold: EPL Ltd.

ICICI Securities Limited

Essel Propack (EPL) reported topline growth of ~10% YoY led by strong revenue growth in the Americas and Europe regions by ~29% and ~16% YoY, respectively. However, Amesa regions (contributes ~34% to topline) revenue growth remained muted at ~2% YoY mainly due to lower volume offtake by its key customers in India. Better plant utilisation (in Americas & Europe) coupled with higher contribution of non-oral care business in the topline (up from 40.4% in Q4FY18 to 42.7% in Q4FY19) helped drive EBITDA margin during Q4FY19. The management has guided for better EBITDA...

Promoters have decreased holdings from 51.31% to 26.42% in Jun 2025 qtr

Is Essel Propack Ltd. worth buying?

255 Votes:

Buy 86.67%

Sell 8.63%

Hold 4.71%

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