Reliance Securities: Essel Propack - The Game Changer
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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.
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