EPL Ltd

EPL Ltd

₹ 234 0.52%
21 May 10:04 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 7,472 Cr.
  • Current Price 234
  • High / Low 290 / 170
  • Stock P/E 20.6
  • Book Value 73.7
  • Dividend Yield 1.90 %
  • ROCE 17.5 %
  • ROE 16.3 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 62.4%

Cons

  • Stock is trading at 3.15 times its book value
  • The company has delivered a poor sales growth of 8.82% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.6% over last 3 years.

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
880 832 948 945 969 910 1,002 975 1,029 1,007 1,086 1,014 1,105
747 708 800 796 815 751 821 792 838 822 868 813 877
Operating Profit 133 123 148 148 155 159 181 183 191 186 219 202 228
OPM % 15% 15% 16% 16% 16% 17% 18% 19% 19% 18% 20% 20% 21%
2 3 7 4 27 11 11 24 -44 6 14 13 11
Interest 11 12 16 19 21 24 31 29 32 29 29 27 28
Depreciation 63 65 66 70 79 80 84 84 85 84 85 86 88
Profit before tax 61 49 72 64 82 66 78 94 30 80 118 100 123
Tax % 18% 29% 34% 2% -3% 16% 33% 7% 50% 17% 25% 6% 6%
50 35 48 63 85 56 52 87 15 66 88 94 116
EPS in Rs 1.54 1.06 1.46 1.97 2.65 1.71 1.59 2.71 0.70 2.02 2.73 2.93 3.58
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,125 2,321 2,128 2,302 2,424 2,707 2,761 3,092 3,433 3,694 3,916 4,213
1,770 1,929 1,723 1,880 1,960 2,208 2,204 2,481 2,864 3,119 3,201 3,377
Operating Profit 355 392 404 422 464 499 558 611 569 575 715 836
OPM % 17% 17% 19% 18% 19% 18% 20% 20% 17% 16% 18% 20%
21 26 30 52 21 37 3 -2 11 41 2 42
Interest 81 79 61 58 55 61 56 43 40 67 116 114
Depreciation 126 132 123 141 167 186 230 235 251 280 333 343
Profit before tax 169 206 251 274 263 289 275 331 289 268 268 422
Tax % 34% 30% 31% 29% 34% 32% 23% 26% 23% 14% 22% 14%
112 145 173 196 174 195 212 244 221 231 210 364
EPS in Rs 3.43 4.48 5.41 6.06 5.46 6.11 6.57 7.58 6.79 7.12 6.70 11.23
Dividend Payout % 18% 18% 20% 20% 22% 20% 50% 54% 63% 60% 66% 61%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 7%
TTM: 8%
Compounded Profit Growth
10 Years: 10%
5 Years: 11%
3 Years: 19%
TTM: 44%
Stock Price CAGR
10 Years: 13%
5 Years: 6%
3 Years: 13%
1 Year: 19%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31 31 31 31 31 63 63 63 63 64 64 64
Reserves 674 752 933 1,008 1,219 1,325 1,470 1,635 1,761 1,926 2,028 2,291
1,024 962 709 798 734 632 737 642 769 890 912 802
362 365 334 412 452 492 526 654 670 723 767 848
Total Liabilities 2,093 2,110 2,008 2,250 2,437 2,513 2,796 2,994 3,264 3,601 3,771 4,006
898 887 924 1,179 1,184 1,307 1,364 1,531 1,473 1,694 1,912 1,974
CWIP 36 89 57 19 42 41 35 27 147 178 72 69
Investments 45 46 30 15 13 17 16 15 7 19 8 39
1,114 1,088 996 1,036 1,198 1,147 1,381 1,421 1,636 1,711 1,780 1,923
Total Assets 2,093 2,110 2,008 2,250 2,437 2,513 2,796 2,994 3,264 3,601 3,771 4,006

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
257 313 361 369 343 356 471 522 312 602 586 795
-213 -145 -46 -279 -156 -188 -108 -278 -266 -412 -361 -376
-33 -168 -320 -76 -154 -194 -142 -319 -95 -138 -263 -431
Net Cash Flow 11 0 -5 13 34 -25 221 -75 -50 52 -37 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 63 59 57 60 69 67 65 70 68 64 65 61
Inventory Days 79 74 79 89 101 101 116 117 143 133 144 151
Days Payable 64 52 51 53 66 65 112 119 109 109 125 125
Cash Conversion Cycle 78 82 85 95 104 103 70 67 102 87 85 87
Working Capital Days 61 63 79 64 66 66 52 65 82 70 69 68
ROCE % 14% 16% 18% 17% 17% 17% 16% 17% 13% 12% 15% 17%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.91% 51.91% 51.53% 51.53% 51.53% 51.52% 51.50% 51.50% 51.50% 51.47% 51.45% 51.31%
14.70% 12.21% 12.13% 11.99% 12.22% 10.41% 9.89% 10.91% 11.35% 13.43% 14.94% 16.51%
13.90% 15.88% 15.92% 16.35% 15.85% 15.54% 14.52% 13.35% 11.55% 11.20% 11.58% 10.98%
19.49% 19.99% 20.41% 20.14% 20.40% 22.54% 24.07% 24.22% 25.58% 23.89% 22.03% 21.20%
No. of Shareholders 64,30065,49768,09767,65767,12775,04082,10985,87793,06396,75494,92193,172

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls