In today’s briefing:
- RPPL: Q4 Weaker than Expected But On Track for Strong Earnings Growth Through FY25
RPPL: Q4 Weaker than Expected But On Track for Strong Earnings Growth Through FY25
- Rajshree Polypack’s (RPPL’s) Q4FY23 came in weaker than expected on both the sales volume and the margins front. Higher depreciation and interest costs led by capex further dampened the profitability.
- However, RPPL is executing well on its revenue growth targets led by regular capex led investments. It is on track to do INR 450cr revenues by FY25.
- RPPL has potential to post a PAT of INR 30cr+ by FY25, suggesting that RPPL is available at around 6x P/E on a base of FY25E PAT.
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