Betting on this wealth creation idea: Avinnash Gorakssakar, Joindre Capital

Talking to ET Now, Avinnash Gorakssakar, Joindre Capital, says he is bullish on Uflex

Edited excerpts:


What is the stock that you are recommending to the viewers?

I would like to recommend a packaging company called Uflex Ltd. Uflex Ltd is a well diversified company with a pan India presence which is also a global player and has a very well diversified product basket.

It is into paper, metal as well as PVC coated packaging films. In fact, it is the flagship of the north-based Flex Group. What is commendable is that over the last three to four years, Uflex has built capacity gradually and has made inroads in one of the most reputed FMCG as well as the growing processed food kind of customer baskets.

We would be seeing a very strong and stable growth in the packaging industry and especially in the flexible packaging segment where Uflex has got a good decent market share both in the domestic as well as the global markets.

In fact, in terms of financial performance Uflex has shown a decent performance last year with a top line of almost Rs 6500 crore, EBITDA or Rs 875 crore and a bottom line of Rs 350 crore.