EPL Ltd
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]
- Market Cap ₹ 5,648 Cr.
- Current Price ₹ 177
- High / Low ₹ 236 / 156
- Stock P/E 20.5
- Book Value ₹ 63.0
- Dividend Yield 2.42 %
- ROCE 12.2 %
- ROE 11.9 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 59.3%
Cons
- Stock is trading at 2.81 times its book value
- The company has delivered a poor sales growth of 8.79% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.1% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,584 | 1,831 | 2,125 | 2,321 | 2,128 | 2,302 | 2,424 | 2,707 | 2,761 | 3,092 | 3,433 | 3,694 | 3,856 | |
1,327 | 1,517 | 1,770 | 1,929 | 1,723 | 1,880 | 1,960 | 2,208 | 2,204 | 2,481 | 2,864 | 3,119 | 3,178 | |
Operating Profit | 257 | 313 | 355 | 392 | 404 | 422 | 464 | 499 | 558 | 611 | 569 | 575 | 678 |
OPM % | 16% | 17% | 17% | 17% | 19% | 18% | 19% | 18% | 20% | 20% | 17% | 16% | 18% |
18 | 30 | 21 | 26 | 30 | 52 | 21 | 37 | 3 | -2 | 11 | 41 | 73 | |
Interest | 84 | 91 | 81 | 79 | 61 | 58 | 55 | 61 | 56 | 43 | 40 | 67 | 104 |
Depreciation | 117 | 126 | 126 | 132 | 123 | 141 | 167 | 186 | 230 | 235 | 251 | 280 | 327 |
Profit before tax | 74 | 126 | 169 | 206 | 251 | 274 | 263 | 289 | 275 | 331 | 289 | 268 | 320 |
Tax % | 30% | 35% | 34% | 30% | 31% | 29% | 34% | 32% | 23% | 26% | 23% | 14% | |
54 | 84 | 112 | 145 | 173 | 196 | 174 | 195 | 212 | 244 | 221 | 231 | 280 | |
EPS in Rs | 0.33 | 2.58 | 3.43 | 4.48 | 5.41 | 6.06 | 5.46 | 6.11 | 6.57 | 7.58 | 6.79 | 7.12 | 8.66 |
Dividend Payout % | 20% | 15% | 18% | 18% | 20% | 20% | 22% | 20% | 50% | 54% | 63% | 60% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 9% |
3 Years: | 10% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 6% |
3 Years: | 2% |
TTM: | 43% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 6% |
3 Years: | -5% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 63 | 63 | 63 | 63 | 64 | 64 |
Reserves | 852 | 913 | 674 | 752 | 933 | 1,008 | 1,219 | 1,325 | 1,470 | 1,635 | 1,761 | 1,926 | 1,942 |
935 | 962 | 1,024 | 962 | 709 | 798 | 734 | 632 | 737 | 642 | 769 | 890 | 919 | |
283 | 265 | 362 | 365 | 334 | 412 | 452 | 492 | 526 | 654 | 670 | 721 | 798 | |
Total Liabilities | 2,102 | 2,172 | 2,093 | 2,110 | 2,008 | 2,250 | 2,437 | 2,513 | 2,796 | 2,994 | 3,264 | 3,600 | 3,722 |
1,123 | 1,132 | 898 | 887 | 924 | 1,179 | 1,184 | 1,307 | 1,364 | 1,531 | 1,473 | 1,694 | 1,783 | |
CWIP | 39 | 48 | 36 | 89 | 57 | 19 | 42 | 41 | 35 | 27 | 147 | 178 | 81 |
Investments | 45 | 46 | 45 | 46 | 30 | 15 | 13 | 17 | 16 | 15 | 7 | 19 | 6 |
895 | 945 | 1,114 | 1,088 | 996 | 1,036 | 1,198 | 1,147 | 1,381 | 1,421 | 1,636 | 1,709 | 1,852 | |
Total Assets | 2,102 | 2,172 | 2,093 | 2,110 | 2,008 | 2,250 | 2,437 | 2,513 | 2,796 | 2,994 | 3,264 | 3,600 | 3,722 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
195 | 169 | 257 | 313 | 361 | 369 | 343 | 356 | 471 | 522 | 312 | 602 | |
-156 | -59 | -213 | -145 | -46 | -279 | -156 | -188 | -108 | -278 | -266 | -412 | |
-9 | -107 | -33 | -168 | -320 | -76 | -154 | -194 | -142 | -319 | -95 | -138 | |
Net Cash Flow | 30 | 4 | 11 | 0 | -5 | 13 | 34 | -25 | 221 | -75 | -50 | 52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 60 | 63 | 59 | 57 | 60 | 69 | 67 | 65 | 70 | 68 | 64 |
Inventory Days | 95 | 85 | 79 | 74 | 79 | 89 | 101 | 101 | 116 | 117 | 143 | 133 |
Days Payable | 57 | 48 | 64 | 52 | 51 | 53 | 66 | 65 | 112 | 119 | 109 | 109 |
Cash Conversion Cycle | 96 | 97 | 78 | 82 | 85 | 95 | 104 | 103 | 70 | 67 | 102 | 87 |
Working Capital Days | 63 | 70 | 61 | 63 | 79 | 64 | 66 | 66 | 52 | 65 | 82 | 70 |
ROCE % | 9% | 11% | 14% | 16% | 18% | 17% | 17% | 17% | 16% | 17% | 13% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publication by the Company, with respect to the Notice issued to the Equity Shareholders of the Company, pursuant to the provisions of the Companies …
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Compliance Certificate For The Year Ended March 31, 2024.
15 Apr - Certificate under regulation 7(3) of SEBI (LODR) Regulations, 2015 for the financial year ended March 31, 2024 is enclosed herewith.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Certificate under Regulation 74(5) of SEBI DP Regulations 2018 for quarter ended March 31, 2024 is enclosed herewith
- Closure of Trading Window 27 Mar
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Resignation Of Internal Auditor
13 Mar - Ms. Aparajita Jain, who was appointed as the Internal Auditor of the Company, has decided to pursue other career opportunities outside the Company and accordingly, …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2018TranscriptNotesPPT
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Global Footprints
The company is a laminated tubes manufacturer of around ~8 bn Tubes annually, and presence in Oral Care, also having 47% contribution in Personal Care & beyond, having 21 factories across 11 countries with a Innovation Platform - 89 patents granted [1]