ICICI Securities: Essel Propack - Enough Ammunition For Growth 

ICICI Securities: Essel Propack - Enough Ammunition For Growth

Essel Propack manufactures seven billion laminated tubes annually which are used in the consumer goods, pharma and packaged food industries. (Source: Company Website)

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ICICI Securities Report

We like Essel Propack Ltd.’s business model which has an underlying secular demand and has dominant market share in oral care.

Company has a long runway for growth in personal care on move from plastic and aluminium tubes to laminate tubes.

Blackstone is living up to its motto of ‘capital efficient consistent earnings growth’ and its new Board and management brings significant experience in driving personal care revenues and optimising costs.

We also see headroom for inorganic growth backed by Blackstone’s ability to crack good deals and cross-selling to Blackstone-backed companies.

Click on the attachment to read the full report:

ICICI Securities Essel Propack Initiating Coverage.pdf
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