Reliance Securities: Essel Propack - The Game Changer

Essel Propack’s lower capex needs, healthy debt-equity ratio and improving operating metrics can result in strong return ratios.

The jumbo reel laminates are placed in the intermediate store for curing (image: Company website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities Report

Essel Propack Ltd. is the largest global specialty packaging company, which manufactures laminated plastic tubes for fast moving consumer goods and pharmaceutical industries.

The company has 20 manufacturing units spread across Africa, Middle East and South Asia plus India (AMEA), Europe, East Asia Pacific (EAP) and Americas.

It has a professional management team and strong corporate governance after being taken over by private equity major Blackstone in November 2019.

While focus on personal care category is expected to drive revenue; project phoenix 2.0 to optimize operating cost and drive volume.

Lower capex requirement, healthy debt-equity ratio and improving operating performance are expected to result in strong return ratios.

Click on the attachment to read the full report:

Reliance Securities Essel Propack Initiating Coverage.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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