Fundamental Analysis

1 stock recommendation each based on Fundamental and Technical analysis along with timely review to provide you with handsome profits.

AGI GREENPAC LTD
Ticker : 500187 
BUY: ₹871.05
Target: ₹985

AGI Greenpac Ltd is involved in the manufacturing of diverse packaging items, encompassing glass containers, speciality glass, polyethene terephthalate (PET) bottles and products, as well as security caps and closures. In the consolidated financial results for Q2FY24, the company reported sales of Rs 615.28 crore, reflecting a 20.1 per cent increase as compared to Q2FY23, while operating profit showed healthy growth, rising by 59.1 per cent to Rs 138.82 crore. Similarly, the net profit saw a 65.3 per cent jump, reaching Rs 56.14 crore. The company achieved over 95 per cent capacity utilization post-furnace realignment in Q1FY24. Management remains confident in sustaining 20 per cent EBITDA margins. Anticipating a growth rate of 15-18 per cent, the company focuses on efficient capital use and plans or further capacity expansion. Raw material prices and geopolitical situations are monitored closely. Litigation costs are to decrease in Q3/Q4, and market growth is expected in the beer and Indian alcohol sectors. Hence, we recommend a BUY.