Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

Equity L/S Analyst | Forensic Accounting | India

Creating Wealth through Alpha and Compounding

Yellowstone Equity

Providing unbiased and independent research on Indian equities to global institutions and individual investors


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Regulatory Disclosure: 
Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details:
Address: A-412, Shilp Aaron, Sindhu Bhavan Road, Ahmedabad, Gujarat - 380059
Email: services@yellowstoneequity.com
Mobile: +91-7575817289

Compliance/Grievance Officer:
Name: Ankit Agrawal
Email: services@yellowstoneequity.com
Mobile: +91-7575817289
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Equity Bottom-Up

<ul>
<li>RPPL reported decent Q3FY22 earnings as gross margins expanded to 36.9% vs 33.7% QoQ and EBITDA margins expanded to 13.7% vs 13.5% QoQ.</li>
<li>The margin expansion seems to have been led by higher utilization of finished goods and WIP inventory which helped in curtailing adverse impact of volatility in raw material pricing.</li>
<li>The material decline in depreciation and amortization expenses by 13% QoQ is likely due to consolidation of the Unit 1 and Unit 3 facilities.</li>
</ul>


RPPL reported decent Q3FY22 earnings as gross margins expanded to 36.9% vs 33.7% QoQ and EBITDA margins expanded to 13.7% vs 13.5% QoQ.
The margin expansion seems to have been led by higher utilization of finished goods and WIP inventory which helped in curtailing adverse impact of volatility in raw material pricing.
The material decline in depreciation and amortization expenses by 13% QoQ is likely due to consolidation of the Unit 1 and Unit 3 facilities.


Rajshree Polypack (RPPL): Margin Expansion Led The Q3FY22 Earnings Growth

<ul>
<li>This hidden nano-cap, RPPL, that we identified 6 months ago, is up ~55% since then and has now graduated to NSE Main Board from NSE SME exchange.</li>
<li>It also reported strong EBITDA growth (11% HoH, so 20%+ annualized) on the back of commercialization of its new facility, in line with our thesis.</li>
<li>RPPL continues to execute well and has potential to grow its earnings and revenues by 2.5-3x over the next 4-5 years.</li>
</ul>


This hidden nano-cap, RPPL, that we identified 6 months ago, is up ~55% since then and has now graduated to NSE Main Board from NSE SME exchange.
It also reported strong EBITDA growth (11% HoH, so 20%+ annualized) on the back of commercialization of its new facility, in line with our thesis.
RPPL continues to execute well and has potential to grow its earnings and revenues by 2.5-3x over the next 4-5 years.


Rajshree Polypack (RPPL): This Hidden Nanocap Is Now Listed On NSE Main Board

<p><a href="https://www.smartkarma.com/entities/rajshree-polypack-ltd" target="_blank" data-smartkarma-citation="entities:33486:1" rel="noopener">Rajshree Polypack (RAJPPL IN)</a> ["RPPL"] is a small company in the rigid plastic packaging industry. Currently it is listed on the NSE Emerge platform (dedicated platform of NSE for SME companies) and has plans to shift to the main board over time. It is a relatively new IPO with listing in Sep 2018.</p>

Rajshree Polypack (RAJPPL IN) ["RPPL"] is a small company in the rigid plastic packaging industry. Currently it is listed on the NSE Emerge platform (dedicated platform of NSE for SME companies) and has plans to shift to the main board over time. It is a relatively new IPO with listing in Sep 2018.

India's Hidden Nanocaps | Rajshree Polypack: Climbing Up The Value Chain

India

Rajshree Polypack Limited manufactures packaging products. The Company offers coffee cups, trays, lids, plates, bowls, and other containers, as well as plastics rigid sheet. Rajshree Polypack serves dairy, beverages, retail, pharmaceuticals, and electronics industries in India.

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Rajshree Polypack (RAJPPL IN)

Rajshree Polypack (RPPL): Margin Expansion Led The Q3FY22 Earnings Growth

RPPL reported decent Q3FY22 earnings as gross margins expanded to 36.9% vs 33.7% QoQ and EBITDA margins expanded to 13.7% vs 13.5% QoQ. This led to...

Ankit Agrawal, CFA

Rajshree Polypack (RPPL): This Hidden Nanocap Is Now Listed On NSE Main Board

This hidden nanocap, we identified 6 months ago, is up ~55% and has now graduated to NSE Main Board from NSE SME exchange. It continues to execute...

Ankit Agrawal, CFA

India's Hidden Nanocaps | Rajshree Polypack: Climbing Up The Value Chain

Rajshree Polypack is a small player in the large rigid plastic packaging industry. However, through its consistent innovation and growth mindset,...

Ankit Agrawal, CFA

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