Epack Durable Gets A Bullish 'Buy' As Yes Securities Initiates Coverage; Sees 44% Upside Potential

Epack is riding the growth wave with strategic alliances and expansion, says Yes Securities hence initiate coverage with Buy.

Incrementally, EPACK’s margin is expected to improve by ~130bps by FY28. (Photo: Epack Durable/X)

Yes Securities stay bullish on the RAC and the Kitchen space as in the medium term led by factors like strong realty-infused demand, recent GST rates cuts, growing share of organized sector, and Government impetus towards manufacturing and export boost will drive growth. The company’s enviable value prop should help it outperform the industry in good time.

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Yes Securities Report

We initiate coverage on EPACK Durable Ltd. with Buy rating based on its commendable value prop including-

  1. Strategic partnerships with key players,

  2. robust manufacturing capabilities and prudent capacity expansion,

  3. focusing on components manufacturing resulting in backward integration,

  4. Customer addition, new product launches and

  5. improving margin trajectory.

Click on the attachment to read the full report:

Yes Securities EPACK Durables IC.pdf
Read Document

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