EPL Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 8013.79 Crore) operating in Packaging sector.
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Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 14.3 per cent, DIIs 15.3 per cent and public and others 18.5 per cent.
Motilal Oswal has given a buy rating to Essel Propack with a target price of Rs 326. The share price moved up by 0.60 per cent from its previous close of Rs 251.60. The stock’s last traded price is Rs 253.10.
EPL Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 8013.79 Crore) operating in Packaging sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 770.30 Crore, up 3.89 % from last quarter Sales of Rs 741.49 Crore and up 5.44 % from last year same quarter Sales of Rs 730.54 Crore Company reported net profit after tax of Rs 68.50 Crore in latest quarter.
Investment Rationale 2QFY21 numbers were in line with our estimates, and the brokerage maintains estimates for FY21. However, in the backdrop of the acquisition, it increases earnings estimate for FY22/FY23E by 6%/3%. Promoter/FII Holdings Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 14.3 per cent, DIIs 15.3 per cent and public and others 18.5 per cent.
