This specialty packaging co. looks to be moving to Stage 2!The company is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products.
• World's largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma
space with units in ~10 countries.
Key Financials:
• Total Revenue for latest quarter increased ~13% YoY
• Net Profit for latest quarter increased by >73% YoY
• TTM Net Profit margin increased from ~5% to ~8%
Red Flag Check:
• Promoter holding in the company has almost stayed constant at ~52% with insignificant pledging
• Debt:Equity ratio is <0.5 with ~5x interest coverage
• Stock is not under any exchange surveillance lists
Key Technicals:
• Stock has broken out of 1-year stage 1 consolidation zone with heavy volumes
• Stock has broken out of a cup-and-handle formation
• Stock is showing higher relative strength compared to benchmark index
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