EPL Ltd

EPL Ltd

₹ 238 1.49%
29 Jul 10:11 a.m.
About

EPL Limited (formerly known as Essel Propack Limited),is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the Beauty & Cosmetics, Pharma & Health, Food, Oral and Home.

The company was acquired by the Blackstone group on Aug – 2019 from the Essel group of companies. The Blackstone Group is one of the leading investment firms in the world with an AUM of around USD 511 billion across sectors like private equity, real estate, hedge fund solutions and credit businesses. The Group also has an exposure in the packaging industry through acquisition of varied companies such as the USA based Graham Packaging, Owens-Illinois Inc, Ohio and China based packaging firm ShyaHsin. [1]

Key Points

Global Footprints[1]
The company is the world's largest global specialty packaging company with annual capacity of ~8 billion Tubes with manufacturing units operating across USA, Mexico, Colombia, Brazil, Poland, Germany, Egypt, China, Philippines and India.

  • Market Cap 7,636 Cr.
  • Current Price 238
  • High / Low 247 / 176
  • Stock P/E 24.1
  • Book Value 36.9
  • Dividend Yield 2.09 %
  • ROCE 22.9 %
  • ROE 28.6 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 61.2%

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Promoter holding is low: 26.4%
  • Tax rate seems low
  • Earnings include an other income of Rs.191 Cr.
  • Promoter holding has decreased over last 3 years: -25.2%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
297 304 340 322 314 330 358 319 317 334 349 347 353
236 244 273 258 259 271 294 264 258 272 283 282 293
Operating Profit 61 60 68 64 56 59 64 54 59 62 66 64 60
OPM % 21% 20% 20% 20% 18% 18% 18% 17% 19% 19% 19% 19% 17%
25 2 19 14 44 20 47 30 29 8 79 90 14
Interest 6 5 5 6 6 5 6 7 6 6 7 10 10
Depreciation 33 31 30 30 28 27 27 28 28 29 30 30 33
Profit before tax 47 26 52 42 65 47 78 49 54 34 108 115 31
Tax % -24% -7% 20% -19% 11% 18% 18% 11% -18% 8% 13% -10% -40%
59 27 41 50 58 39 64 44 64 32 94 126 43
EPS in Rs 1.84 0.86 1.29 1.56 1.82 1.21 1.99 1.38 1.99 0.99 2.94 3.95 1.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
755 743 795 830 846 804 841 981 1,209 1,280 1,323 1,383
613 589 637 640 668 631 676 818 999 1,034 1,086 1,131
Operating Profit 141 154 158 190 178 173 164 163 209 247 237 252
OPM % 19% 21% 20% 23% 21% 22% 20% 17% 17% 19% 18% 18%
21 67 20 22 17 70 114 123 122 79 125 191
Interest 41 26 23 21 23 20 15 15 22 22 24 33
Depreciation 46 51 60 69 75 97 90 78 109 120 110 122
Profit before tax 75 144 94 122 97 125 174 194 200 184 228 288
Tax % 25% 22% 31% 33% 34% 16% 12% 10% -3% 4% 8% -3%
57 112 65 81 64 106 153 174 206 176 210 295
EPS in Rs 1.80 3.58 2.07 2.58 2.03 3.35 4.85 5.50 6.47 5.54 6.57 9.21
Dividend Payout % 44% 31% 58% 46% 62% 98% 85% 78% 66% 80% 76% 27%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 5%
TTM: 5%
Compounded Profit Growth
10 Years: 15%
5 Years: 17%
3 Years: 15%
TTM: 51%
Stock Price CAGR
10 Years: 8%
5 Years: -1%
3 Years: 1%
1 Year: 8%
Return on Equity
10 Years: 19%
5 Years: 23%
3 Years: 23%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 31 31 31 31 63 63 63 63 64 64 64 64
Reserves 448 567 591 623 614 634 671 730 836 884 964 1,117
390 196 193 193 190 259 187 251 219 222 259 523
127 120 142 142 138 123 159 156 223 241 244 272
Total Liabilities 997 915 957 990 1,006 1,078 1,080 1,200 1,342 1,410 1,531 1,975
323 321 356 344 411 412 356 303 638 619 669 810
CWIP 7 17 23 27 31 20 7 85 10 22 28 26
Investments 291 220 221 219 218 210 358 357 225 212 297 462
376 356 357 400 346 436 359 455 468 558 537 677
Total Assets 997 915 957 990 1,006 1,078 1,080 1,200 1,342 1,410 1,531 1,975

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
95 159 127 118 97 146 161 77 247 208 265 124
-37 91 -62 -52 -39 17 2 2 -15 -47 -135 -132
-62 -249 -67 -59 -62 -101 -212 -83 -225 -155 -123 -4
Net Cash Flow -4 1 -2 7 -4 62 -48 -5 7 6 7 -12
Free Cash Flow 22 109 25 54 -38 140 144 -44 170 102 117 -26
CFO/OP 79% 125% 93% 85% 78% 103% 110% 62% 116% 96% 121% 53%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 53 49 48 57 64 63 77 78 69 75 64 86
Inventory Days 64 71 69 84 80 86 91 89 74 88 81 106
Days Payable 32 49 48 54 47 80 102 75 79 90 85 95
Cash Conversion Cycle 86 71 68 86 97 70 66 91 64 72 60 97
Working Capital Days 55 98 78 55 69 19 36 50 36 45 12 30
ROCE % 12% 15% 15% 17% 14% 16% 19% 21% 21% 18% 20% 23%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of countries with operational presence
count

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Number of employees
count
Number of manufacturing plants
count
Personal Care & Beyond contribution to tube revenue
% of revenue
Tubes supplied annually
billion tubes
Recyclable tubes share of total tube volumes
% of volume
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
51.52% 51.50% 51.50% 51.50% 51.47% 51.45% 51.31% 26.42% 26.40% 26.38% 26.38% 26.38%
10.41% 9.89% 10.91% 11.35% 13.43% 14.94% 16.51% 17.23% 17.43% 17.57% 17.22% 14.07%
15.54% 14.52% 13.35% 11.55% 11.20% 11.58% 10.98% 10.44% 9.97% 9.55% 10.20% 13.80%
22.54% 24.07% 24.22% 25.58% 23.89% 22.03% 21.20% 45.90% 46.21% 46.49% 46.20% 45.75%
No. of Shareholders 75,04082,10985,87793,06396,75494,92193,1721,12,2271,16,4521,02,30295,91091,469

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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