Kanpur Plastipack Ltd. share price target

Incremental capacity on stream; volume growth to follow KPL has added significant capacities in both its FIBC and MFY segment in FY19. Post normalisation at its downstream operations, it is expected to have manufacturing capacity of ~23,000 tonne and 8,750 tonne of FIBC and MFY capacities on-stream respectively. In FY19, KPL had to face significant headwinds on the exports front (~80% of its topline). Rationalisation of exports to the Brazilian market was on account of problems at a key customer's end. On the supply front, sizeable incremental capacities coming...

ICICI Securities Ltd | Retail Equity Research Kanpur Plastipack (KPL) reported a robust Q4FY18 performance Net sales for the quarter came in at | 75.8 crore, up 14.7% YoY EBITDA in Q4FY18 was at | 10.4 crore (up 30.8% YoY) with corresponding EBITDA margins at 13.5% (up 170 bps YoY) largely driven by operational efficiencies amid raw material price pressure PAT in Q4FY18 came in at | 6.1 crore, up 131.2% YoY KPL is well on track to commission its expanded FIBC & MFY...

ICICI Securities Ltd | Retail Equity Research Kanpur Plastipack (KPL) reported a robust Q3FY18 performance Net sales in Q3FY18 surged to | 73.9 crore, up 20.9% YoY on the back of both higher capacity utilisation and improved realisation EBITDA for the quarter was at | 10.1 crore with corresponding EBITDA margins at 13.7%, up 110 bps YoY aided by prudent raw material procurement. PAT in Q3FY18 came in at | 5.0 crore The management is buoyant on the future outlook over FY19E-20E...

ICICI Securities Ltd | Retail Equity Research Kanpur Plastipack (KPL) reported a steady Q2FY18 performance Net sales for the quarter came in at | 68.2 crore, up 8.7% YoY EBITDA in Q2FY18 was at | 8.0 crore with corresponding EBITDA margins at 11.7%, down 40 bps YoY PAT in Q2FY18 came in at | 3.5 crore, flat YoY KPL is in the midst of expanding its capacity by ~8400 tonne with intended commissioning in December 2018 thereby leading to robust...

We recently met Manoj Agarwal, Managing Director at Kanpur Plastipack (KPL) to get an insight into the global flexible intermediate bulk container (FIBC) market and the company's role in the value chain. KPL is a 45 year old enterprise engaged in the manufacturing of FIBC (66% of sales in FY16), which are largely exported across Europe & the US for bulk handing and transportation of commodities. The company has an installed capacity of 14000 tonne for manufacturing FIBC and operates at ~97% capacity utilisation levels (sales at 13627 tonne in FY16). With...