Motilal Oswal has buy call on Essel Propack with a target price of Rs 333. The current market price of Essel Propack Ltd. is Rs 225.8.
Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 7101.80 Crore) operating in Packaging sector.
Financials For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 767.10 Crore, down -.42 % from last quarter Sales of Rs 770.30 Crore and up 7.92 % from last year same quarter Sales of Rs 710.83 Crore Company reported net profit after tax of Rs 72.50 Crore in latest quarter.
Investment Rationale The brokerage expects a revenue/EBITDA/PAT CAGR of 12%/16%/25% over FY20-23E. It values the stock at 25x FY23E EPS. Its TP of INR333/share implies a 40% upside
Promoter/FII Holdings Promoters held 52 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.8 per cent, DIIs 15.6 per cent and public and others 18.7 per cent
