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This Article is From Aug 31, 2020

ICICI Securities: Essel Propack - Enough Ammunition For Growth 

ICICI Securities: Essel Propack - Enough Ammunition For Growth 
Essel Propack manufactures seven billion laminated tubes annually which are used in the consumer goods, pharma and packaged food industries. (Source: Company Website)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We like Essel Propack Ltd.'s business model which has an underlying secular demand and has dominant market share in oral care.

Company has a long runway for growth in personal care on move from plastic and aluminium tubes to laminate tubes.

Blackstone is living up to its motto of ‘capital efficient consistent earnings growth' and its new Board and management brings significant experience in driving personal care revenues and optimising costs.

We also see headroom for inorganic growth backed by Blackstone's ability to crack good deals and cross-selling to Blackstone-backed companies.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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