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Polyplex Corporation (PCL) is one of the leading manufacturers of biaxially oriented polyester (PET) films globally with manufacturing facilities in India, Thailand and Turkey. PCL garners a major part of its revenues from the packaging industry, which is expected to register around 15% CAGR over FY2010-12E. Moreover, the companys foray into the BOPP segment is expected to yield good returns for it, as demand for BOPP far exceeds supply. We initiate coverage on the stock with a Buy recommendation and Target Price of Rs418, valuing the stock at 0.7x FY2012E P/ BV implying into an upside of 57%.Download Full Report
|MCAP BSE (Rs in Cr)||1,113.86|
|MCAP NSE (Rs in Cr)||1,114.66|
|Div Yield (%)||0.86|
Shareholding Pattern (%)
|Public & Others||15.0|