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EPL Limited
(EPL)
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Rating:68Neutral
Price Target:
₹259.00
▲(11.11% Upside)
Action:Downgraded
Date:08/21/26
The score is driven primarily by solid underlying financial performance (growth, manageable leverage) but held back by weaker FY2026 cash conversion and margin volatility. Technicals are supportive due to strong trend and positive momentum, though overbought readings temper the outlook. Valuation is reasonable but not especially compelling based on the P/E and dividend yield provided.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand for EPL’s laminated tubes and growing customer or category penetration. Because packaging orders are linked to recurring consumer-product replenishment, this growth can support utilization, operating scale, and durable earnings potential over the coming quarters.
Negative Factors
Weak FY2026 Cash Conversion
Weak FY2026 cash conversion reduces the quality and flexibility of reported earnings, because less profit translated into available cash. If the weaker conversion persists, higher working-capital needs or cash costs could constrain reinvestment, debt reduction, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand for EPL’s laminated tubes and growing customer or category penetration. Because packaging orders are linked to recurring consumer-product replenishment, this growth can support utilization, operating scale, and durable earnings potential over the coming quarters.
Read all positive factors
EPL Limited (EPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹76.03B
Dividend Yield2.15%
Average Volume (3M)537.25K
Price to Earnings (P/E)19.2
Beta (1Y)1.32
Revenue Growth16.91%
EPS Growth-2.18%
CountryIN
Employees1,411
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)12.11
Shares Outstanding320,314,150
10 Day Avg. Volume158,484
30 Day Avg. Volume537,247
Financial Highlights & Ratios
PEG Ratio2.16
Price to Book (P/B)2.30
Price to Sales (P/S)1.38
P/FCF Ratio45.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.49
Revenue Forecast (FY)₹56.48B
EPL Limited Business Overview & Revenue Model
Company Description
EPL Limited, headquartered in Mumbai, India, is an international manufacturer and supplier of plastic packaging materials. The company specializes in multi-layer collapsible tubes and laminates, serving a wide array of industries. Its product port...
How the Company Makes Money
EPL primarily makes money by manufacturing and selling laminated packaging tubes to consumer brands. Revenue is generated on a business-to-business basis through (i) volume-based supply of tubes produced to customer specifications (e.g., size, lam...
EPL Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.47B | 47.63B | 42.13B | 39.16B | 36.94B | 34.08B |
| Gross Profit | 23.22B | 15.18B | 24.78B | 21.96B | 20.20B | 17.45B |
| EBITDA | 9.95B | 9.80B | 8.79B | 7.12B | 6.17B | 5.87B |
| Net Income | 3.88B | 3.89B | 3.59B | 2.13B | 2.27B | 2.14B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 49.00B | 40.05B | 38.09B | 36.30B | 32.93B |
| Cash, Cash Equivalents and Short-Term Investments | 2.14B | 2.14B | 2.22B | 2.01B | 2.54B | 1.87B |
| Total Debt | 0.00 | 9.63B | 8.03B | 9.12B | 8.89B | 7.67B |
| Total Liabilities | -28.66B | 20.33B | 16.47B | 17.18B | 16.38B | 14.35B |
| Stockholders Equity | 28.66B | 28.58B | 23.55B | 20.91B | 19.89B | 18.25B |
Cash Flow | ||||||
| Free Cash Flow | 1.28B | 1.46B | 4.32B | 2.12B | 2.15B | 362.00M |
| Operating Cash Flow | 2.96B | 6.27B | 7.95B | 5.87B | 6.02B | 3.12B |
| Investing Cash Flow | -1.49B | -4.58B | -3.76B | -3.44B | -3.89B | -2.64B |
| Financing Cash Flow | -1.36B | -1.73B | -4.31B | -2.63B | -1.38B | -954.00M |
EPL Limited Technical Analysis
Negative
233.10
Price Trends
241.04
Negative
233.62
Negative
222.91
Positive
Market Momentum
-2.57
Positive
42.35
Neutral
53.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EPL, the sentiment is Negative. The current price of 233.1 is below the 20-day moving average (MA) of 239.59, below the 50-day MA of 241.04, and above the 200-day MA of 222.91, indicating a neutral trend. The MACD of -2.57 indicates Positive momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 53.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EPL.
EPL Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹37.31B | 30.94 | ― | 0.64% | 4.98% | -13.56% | |
68 Neutral | ₹76.03B | 19.19 | ― | 2.15% | 16.91% | -2.18% | |
68 Neutral | ₹89.97B | 17.43 | ― | 0.83% | 15.51% | 15.99% | |
67 Neutral | ₹17.89B | 12.88 | ― | 0.86% | -1.92% | 33.51% | |
66 Neutral | ₹21.98B | 28.78 | ― | 0.76% | 14.71% | 14.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹47.54B | 6.88 | ― | 0.46% | 10.36% | 128.39% |
* General Sector Average
IN:EPL
EPL Limited
232.60
17.72
8.25%
IN:HUHTAMAKI
Huhtamaki India Limited
233.20
1.62
0.70%
IN:MOLDTKPAC
Mold Tek Packaging Ltd
659.10
-89.55
-11.96%
IN:TCPLPACK
TCPL Packaging Limited
3,948.65
561.53
16.58%
IN:TIMETECHNO
Time Technoplast Limited
180.30
-39.61
-18.01%
IN:UFLEX
UFlex Limited
649.45
103.27
18.91%
EPL Limited Corporate Events
EPL Limited Increases Paid-Up Capital with ESOS 2020 Share Allotment
Sep 23, 2026
EPL Limited has allotted 507,014 equity shares of Rs. 2 each following the exercise of stock options under its Employee Stock Option Scheme 2020, with the new shares ranking pari passu with existing fully paid-up equity shares. As a result, the co...
EPL Limited Conducts Digitally Enabled 43rd Annual General Meeting
Sep 16, 2026
EPL Limited held its 43rd Annual General Meeting on September 16, 2026 via video conference, in line with provisions of the Companies Act and SEBI listing regulations. The meeting was chaired by Davinder Singh Brar, with key board committee heads,...
India Ratings Places EPL Limited Issuer Rating on Watch, Reaffirms Short-Term Grade
Sep 11, 2026
India Ratings and Research has revised EPL Limited’s issuer rating to IND AA+ and placed it on Rating Watch with Developing Implications, while reaffirming the IND A1+ rating on the company’s commercial paper. The move signals that the...
EPL dispatches QR-linked annual report access to offline shareholders
Aug 25, 2026
EPL Limited has informed the stock exchanges that it has dispatched a communication to shareholders whose email addresses are not registered with the company, its registrar or their depository participants. The communication provides a dedicated w...
EPL Limited Sets September Date for 43rd Virtual AGM
Aug 25, 2026
EPL Limited has scheduled its 43rd Annual General Meeting for September 16, 2026, at 11:00 a.m. IST to be conducted via video conferencing, reflecting continued reliance on virtual formats for shareholder engagement. The company has circulated the...
EPL Limited boosts capital in Thai laminated tube subsidiary
Jul 4, 2026
EPL Limited has invested an additional 4,95,00,000 Thai Baht, equivalent to about Rs 144.54 million, into its wholly owned subsidiary EPL Packaging (Thailand) Co. Ltd. The funding, cleared under Indian and Thai regulations, increases capital suppo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.