EPL Limited
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BSE Code:
500135
NSE Code:
ESSELPRO
Business Profile
Business Profile
Essel Propack (ESSELPRO), earlier known as Essel Packaging, was incorporated in 1982. It is the second largest manufacturer of laminated tubes in the world. It commands over 70% of the domestic market for laminated tubes. It is part of the Essel Group, whose other interests include satellite communication and amusement parks. The company was started in 1984 in technical collaboration with American National Can Company of US, Karl Magerle Kusnacht of Switzerland, and Kaito Chemicals of Japan.
The company supplies tubes for toothpaste, cosmetics, pharmaceutical products, grease and adhesives. The oral care segment constitutes 70% of the company`s revenue. Essel supplies the basic laminate or the web to its operations in Nepal, Egypt and China. Apart from this export revenue, the parent company also get royalty between 5% to 8% of the sales and dividend from its overseas ventures.
The company`s current capacity is about 3,000,000,000 tubes per annum of which the Indian market accounts for 1,200,000,000 tubes, the Chinese market around 1,000,000,000, and the remaining is supplied to the rest of the world. The company, however, is not targeting markets of Australia and New Zealand. It enjoys a 70% market share in India and China while it commands a 25% market share globally.
Financials
Essel Propack registered a decline in net profit of Rs 90 million for the quarter ended June 2007 from a profit of Rs 97 million for the quarter ended June 2006.
Net sales rose 16.53% to Rs 733 million for the quarter ended June 2007 from Rs 629 million for the quarter ended June 2006.
Total income rose 22.59% to Rs 825 million for the quarter ended June 2007 from Rs 673 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 0.58 for the quarter ended June 2007.
Recent Developments
13-AUG-07
Essel Propack agreed to participate with the promoters of RAS Group in filing a Rehabilitation package with BIFR (Board of Industrial and Financial Reconstruction) for the group`s two companies namely, RAS Propack Lamipack (RPL) and RAS Extrusions (REL).