2β£EPL Ltd is the worldβs largest specialty packaging company manufacturing laminated tubes, s in Beauty & Cosmetics, Food, Oral Care, Pharma & Healthcare and Home Care with 8 billion tubes production capacity
3β£EPL aspires to be one of most sustainable packaging companies in the world when it comes to use of green and recycling products with significant improvement and leadership in industry sustainability ranking.
4β£ EPL is an innovative organization with a strong focus on IP and patents. EPL has filed for 31 new global patents related to sustainability. EPL has an IP portfolio of 89 granted active patents and 65 filings pending grant
5β£ Coming to financial performance, though last year was challenging with raw material, forex, China shutdown (one of key markets), frieght cost, inflation and other risks.
6β£ However, company did well and bounced back in second half on growth and margin front. Management is quite optimistic about a better FY24
7β£Key trigger 1: Brazil capex has gone live and seeing a good demand
8β£ Key Trigger2: China has opened and now company is expected to get growth back in China
9β£Company achieved its target of doubling volume for sustainable tubes in 2023 and has again set up target to double it in FY24. Currently, sustainable tubes are 10% of revenue and management expects it to be 20% in coming years
π Company has received a credit rating upgrade recently
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