Established in 2019, EPACK Durable Limited emerges as a prominent player in Original Design Manufacturing (ODM) for room air conditioners (RAC). With a focus on innovation and quality, the company has swiftly carved its niche in the market. This article delves into the comprehensive overview of EPACK Durable Limited, exploring its inception, core values, product offerings, and market impact.
From its founding principles to its current standing in the industry, we aim to provide a thorough understanding of this dynamic enterprise and its contributions to the air conditioning sector.
About Epack Durable
EPACK Durable Ltd stands as a formidable force in India’s air conditioning industry, holding the esteemed title of the second-largest Original Design Manufacturer (ODM) of room air conditioners (RAC). With a commanding 24% market share in domestically manufactured units by ODM in FY23, the company’s prowess in producing high-quality RACs and related components is evident. Its diverse product portfolio encompasses a wide array of offerings, including window and split air conditioners, catering to various energy ratings and refrigerant types.
Beyond air conditioning, EPACK Durable Ltd extends its expertise to small domestic appliances like induction cooktops, mixer grinders, and water dispensers, alongside manufacturing essential components such as heat exchangers, fans, press parts, and electronic elements. With three state-of-the-art manufacturing facilities strategically located in Dehradun, Bhiwadi, and Sricity, the company boasts vertical integration and a robust production infrastructure, enabling it to meet consumer demands effectively while maintaining high standards of quality and innovation.
EPACK Durable Ltd Q3 2023-24 Financial Highlights
- Consolidated net profit: Rs 4.83 crore
- Revenue from operations: Rs 279.05 crore
- Significant turnaround from net loss of Rs 6.30 crore in the same quarter last year
- Total expenses: Rs 273.92 crore
- First quarterly result after the company’s listing on January 30, 2024
- Revenue increased from Rs 275.61 crore in the year-ago period to Rs 279.05 crore in Q3 2023-24.
How to Purchase Epack Durable Shares?
Below are the trading platforms that you can use to purchase EPACK shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Epack Durable Share Price Target 2024 – 2030
Epack Durable Share Price Target 2024
When | Maximum Price | Minimum Price |
March 2024 | 165.24 | 143.69 |
April 2024 | 160.43 | 139.50 |
May 2024 | 158.06 | 137.44 |
June 2024 | 163.75 | 142.39 |
July 2024 | 162.11 | 140.96 |
August 2024 | 168.59 | 146.60 |
September 2024 | 175.34 | 152.47 |
October 2024 | 171.90 | 149.48 |
November 2024 | 177.06 | 153.96 |
December 2024 | 181.48 | 157.81 |
Epack Durable Share Price Target 2025
When | Maximum Price | Minimum Price |
January 2025 | 185.11 | 142.39 |
February 2025 | 189.86 | 146.04 |
March 2025 | 197.26 | 151.74 |
April 2025 | 193.40 | 148.77 |
May 2025 | 187.76 | 144.43 |
June 2025 | 196.21 | 150.93 |
July 2025 | 192.36 | 147.97 |
August 2025 | 198.31 | 152.55 |
September 2025 | 205.25 | 157.89 |
October 2025 | 210.59 | 161.99 |
November 2025 | 215.86 | 166.04 |
December 2025 | 221.25 | 170.19 |
Epack Durable Share Price Target 2026
When | Maximum Price | Minimum Price |
January 2026 | 227.89 | 175.30 |
February 2026 | 233.73 | 179.79 |
March 2026 | 242.85 | 186.81 |
April 2026 | 238.09 | 183.14 |
May 2026 | 231.15 | 177.81 |
June 2026 | 241.55 | 185.81 |
July 2026 | 236.82 | 182.17 |
August 2026 | 244.14 | 187.80 |
September 2026 | 252.69 | 194.37 |
October 2026 | 259.26 | 199.43 |
November 2026 | 265.74 | 204.41 |
December 2026 | 272.38 | 209.52 |
Epack Durable Share Price Target 2027
When | Maximum Price | Minimum Price |
January 2027 | 277.83 | 213.72 |
February 2027 | 284.95 | 219.20 |
March 2027 | 296.07 | 227.74 |
April 2027 | 290.26 | 223.28 |
May 2027 | 281.81 | 216.77 |
June 2027 | 294.49 | 226.53 |
July 2027 | 288.71 | 222.09 |
August 2027 | 297.64 | 228.96 |
September 2027 | 308.06 | 236.97 |
October 2027 | 316.07 | 243.13 |
November 2027 | 323.97 | 249.21 |
December 2027 | 332.07 | 255.44 |
Epack Durable Share Price Target 2028
When | Maximum Price | Minimum Price |
January 2028 | 338.71 | 260.55 |
February 2028 | 347.40 | 267.23 |
March 2028 | 360.95 | 277.65 |
April 2028 | 353.87 | 272.21 |
May 2028 | 343.56 | 264.28 |
June 2028 | 359.02 | 276.17 |
July 2028 | 351.98 | 270.76 |
August 2028 | 362.87 | 279.13 |
September 2028 | 375.57 | 288.90 |
October 2028 | 385.33 | 296.41 |
November 2028 | 394.97 | 303.82 |
December 2028 | 404.84 | 311.42 |
- January 2028: ₹260.55 (Minimum)
- December 2028: ₹404.84 (Maximum)
Epack Durable Share Price Target 2029
When | Maximum Price | Minimum Price |
January 2029 | 412.94 | 317.65 |
February 2029 | 423.53 | 325.79 |
March 2029 | 440.04 | 338.50 |
April 2029 | 431.42 | 331.86 |
May 2029 | 418.85 | 322.19 |
June 2029 | 437.70 | 336.69 |
July 2029 | 429.12 | 330.09 |
August 2029 | 442.39 | 340.30 |
September 2029 | 457.87 | 352.21 |
October 2029 | 469.78 | 361.37 |
November 2029 | 481.52 | 370.40 |
December 2029 | 493.56 | 379.66 |
- January 2029: ₹317.65 (Minimum)
- December 2029: ₹493.56 (Maximum)
Epack Durable Share Price Target 2030
When | Maximum Price | Minimum Price |
January 2030 | 503.43 | 387.25 |
February 2030 | 516.34 | 397.18 |
March 2030 | 536.48 | 412.67 |
April 2030 | 525.96 | 404.58 |
May 2030 | 510.64 | 392.80 |
June 2030 | 533.62 | 410.47 |
July 2030 | 523.15 | 402.43 |
August 2030 | 539.33 | 414.87 |
September 2030 | 558.21 | 429.39 |
October 2030 | 572.72 | 440.56 |
November 2030 | 587.04 | 451.57 |
December 2030 | 601.72 | 462.86 |
- January 2030: ₹387.25 (Minimum)
- December 2030: ₹601.72 (Maximum)
Epack Durable Financial Condition: Last 4 Years
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Sales (Rs. Crores) | 770 | 736 | 916 | 1520 |
Expenses (Rs. Crores) | 734 | 694 | 851 | 1425 |
Operating Profit (Rs. Crores) | 37 | 42 | 65 | 95 |
Other Income (Rs. Crores) | 1 | 3 | 4 | 0 |
Interest (Rs. Crores) | 22 | 26 | 23 | 31 |
Depreciation (Rs. Crores) | 4 | 9 | 13 | 22 |
Profit before Tax (Rs. Crores) | 11 | 11 | 33 | 42 |
Tax % | 82% | 29% | 26% | 27% |
Net Profit (Rs. Crores) | 2 | 8 | 24 | 31 |
EPS (Rs.) | 0.42 | 1.57 | 4.64 | 5.86 |
Dividend Payout % | 0% | 0% | 0% | 0% |
- Epack Durable has shown consistent growth over the past four years, with sales increasing from Rs. 770 crores in March 2020 to Rs. 1520 crores in March 2023.
- Despite rising expenses, the company has managed to significantly improve its operating profit, reaching Rs. 95 crores in March 2023.
- Other income declined, while interest and depreciation costs rose slightly, affecting the bottom line.
- However, net profit grew from Rs. 2 crore in March 2020 to Rs. 31 crore in March 2023, with EPS rising from Rs. 0.42 to Rs. 5.86 during the same period.
- Dividend payout remained unchanged at 0%, but the company maintained a strong return on equity at 11% for the last year.
- Over the past three years, compounded sales growth reached 25%, while compounded profit growth was an impressive 151%, showcasing the company’s resilience and growth potential.
FAQs
What is Epack Durable’s current market capitalization?
Epack Durable’s current market capitalization stands at ₹1,469 crore.
What is the company’s current share price target?
The current share price target for Epack Durable is ₹153 (as of March 27, 2024).
What is the projected share price target for Epack Durable in 2025?
Epack Durable’s projected share price target for 2025 ranges from a minimum of ₹142.39 to a maximum of ₹221.25 by December.
What is the projected share price target for Epack Durable in 2030?
Epack Durable’s projected share price target for 2030 ranges from a minimum of ₹387.25 to a maximum of ₹601.72 by December.
What is Epack Durable’s current P/E ratio?
The current P/E ratio for Epack Durable is 46.3.
How has Epack Durable’s sales grown over the past three years?
Over the past three years, Epack Durable’s compounded sales growth has reached 25%.
What is Epack Durable’s return on equity for the last year?
Epack Durable’s return on equity for the last year stands at 11%.
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Conclusion: EPACK Durable Limited: A Comprehensive Overview
Established in 2019, EPACK Durable Limited has rapidly emerged as a prominent player in the Original Design Manufacturing (ODM) sector for room air conditioners (RAC), showcasing a strong commitment to innovation and quality. With a commanding 24% market share in domestically manufactured units by ODM in FY23, the company stands as the second-largest ODM of RACs in India. Its diversified product portfolio, encompassing various energy ratings and refrigerant types, caters to a wide range of consumer preferences, solidifying its position in the market.
The company’s robust manufacturing infrastructure, comprising three state-of-the-art facilities strategically located across India, ensures efficient production and high-quality standards. Despite facing challenges such as rising expenses, EPACK Durable has demonstrated remarkable financial performance, with a significant turnaround from a net loss of ₹6.30 crore to a consolidated net profit of ₹4.83 crore in Q3 2023-24. Notably, the company has witnessed consistent sales growth, reaching ₹1520 crores in March 2023, with improvements in operating profit and net profit over the years.
However, certain areas warrant attention, including a decrease in promoter holding by 50.3% over the last quarter and a relatively low return on equity of 11.8% over the last three years. Moreover, the company’s working capital requirements have reduced significantly from 89.5 days to 45.8 days, indicating efficient management of resources.
In conclusion, while EPACK Durable Limited demonstrates strong growth potential and resilience in the market, addressing concerns regarding promoter holding and optimizing return on equity will be pivotal for sustaining long-term success. Additionally, monitoring the potential capitalization of interest costs will be essential for maintaining financial health and maximizing shareholder value.
What did we learn?
- 1 About Epack Durable
- 2 EPACK Durable Ltd Q3 2023-24 Financial Highlights
- 3 How to Purchase Epack Durable Shares?
- 4 Epack Durable Share Price Target 2024 – 2030
- 5 Epack Durable Financial Condition: Last 4 Years
- 6 FAQs
- 6.1 What is Epack Durable’s current market capitalization?
- 6.2 What is the company’s current share price target?
- 6.3 What is the projected share price target for Epack Durable in 2025?
- 6.4 What is the projected share price target for Epack Durable in 2030?
- 6.5 What is Epack Durable’s current P/E ratio?
- 6.6 How has Epack Durable’s sales grown over the past three years?
- 6.7 What is Epack Durable’s return on equity for the last year?
- 7 Conclusion: EPACK Durable Limited: A Comprehensive Overview