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Economic Times
02-06-2025
- Business
- Economic Times
JM Financial maintains Buy on EPACK Durables, revises target price to Rs 480
JM Financial has maintained a Buy call on EPACK Durables with a revised target price of Rs 480 (Earlier Rs 540). The current market price of EPACK Durables is Rs 376.65. Time period given by the analyst is a year when EPACK Durables Ltd. price can reach defined target. EPACK Durables, incorporated in 2019, is a Small Cap company with a market cap of Rs 3656.85 crore, operating in the Consumer Durables sector. ADVERTISEMENT EPACK Durables' key products/revenue segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 648.75 crore, up 69.96% from last quarter Total Income of Rs 381.71 crore and up 22.12% from last year same quarter Total Income of Rs 531.25 crore. The company has reported net profit after tax of Rs 38.91 crore in the latest quarter. The company's top management includes Bothra, Mohta, Agarwal, Bhargava, Gulati, Narasimhachari, Chandra Jain, Singhania, D D Singhania, Niren Parikh. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 10 crore shares outstanding. Investment Rationale EPACK posted a good 4Q, with PAT rising 36% YoY and beating estimates. It expects to outgrow the industry through its customer diversification initiatives, a key contributor being the partnership with Hisense. ODM manufacturing for Hisense has already started, and the construction of the facility is also on track, with OEM manufacturing targeted by 3Q/4QFY26. The management has indicated an investment of Rs 4.5 billion-5 billion over the next 12-18 months to ramp up capacities, predominantly in Sri City. JM Financial factors in these capacity expansion plans and cut our FY26/27E EPS estimates by 2-9%. However, the stock price has broadly been flat over the last 6 months, leaving ~28% upside to our target price. They maintain BUY with a target price of Rs 460, at 40x Mar?27E EPS. ADVERTISEMENT Promoter/FII Holdings Promoters held 48.04 per cent stake in the company as of 31-Mar-2025, while FIIs owned 1.58 per cent, DIIs 6.57 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
02-06-2025
- Business
- Time of India
JM Financial maintains Buy on EPACK Durables, revises target price to Rs 480
EPACK Durables' key products/revenue segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 648.75 crore, up 69.96% from last quarter Total Income of Rs 381.71 crore and up 22.12% from last year same quarter Total Income of Rs 531.25 crore. The company has reported net profit after tax of Rs 38.91 crore in the latest quarter. The company's top management includes Bothra, Mohta, Agarwal, Bhargava, Gulati, Narasimhachari, Chandra Jain, Singhania, D D Singhania, Niren Parikh. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 10 crore shares outstanding. Live Events Investment Rationale EPACK posted a good 4Q, with PAT rising 36% YoY and beating estimates. It expects to outgrow the industry through its customer diversification initiatives, a key contributor being the partnership with Hisense. ODM manufacturing for Hisense has already started, and the construction of the facility is also on track, with OEM manufacturing targeted by 3Q/4QFY26. The management has indicated an investment of Rs 4.5 billion-5 billion over the next 12-18 months to ramp up capacities, predominantly in Sri City. JM Financial factors in these capacity expansion plans and cut our FY26/27E EPS estimates by 2-9%. However, the stock price has broadly been flat over the last 6 months, leaving ~28% upside to our target price. They maintain BUY with a target price of Rs 460, at 40x Mar?27E EPS. Promoter/FII Holdings Promoters held 48.04 per cent stake in the company as of 31-Mar-2025, while FIIs owned 1.58 per cent, DIIs 6.57 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained a Buy call on EPACK Durables with a revised target price of Rs 480 (Earlier Rs 540). The current market price of EPACK Durables is Rs 376.65. Time period given by the analyst is a year when EPACK Durables Ltd. price can reach defined target. EPACK Durables, incorporated in 2019, is a Small Cap company with a market cap of Rs 3656.85 crore, operating in the Consumer Durables Durables' key products/revenue segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 648.75 crore, up 69.96% from last quarter Total Income of Rs 381.71 crore and up 22.12% from last year same quarter Total Income of Rs 531.25 crore. The company has reported net profit after tax of Rs 38.91 crore in the latest company's top management includes Bothra, Mohta, Agarwal, Bhargava, Gulati, Narasimhachari, Chandra Jain, Singhania, D D Singhania, Niren Parikh. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 10 crore shares posted a good 4Q, with PAT rising 36% YoY and beating estimates. It expects to outgrow the industry through its customer diversification initiatives, a key contributor being the partnership with Hisense. ODM manufacturing for Hisense has already started, and the construction of the facility is also on track, with OEM manufacturing targeted by 3Q/4QFY26. The management has indicated an investment of Rs 4.5 billion-5 billion over the next 12-18 months to ramp up capacities, predominantly in Sri City. JM Financial factors in these capacity expansion plans and cut our FY26/27E EPS estimates by 2-9%. However, the stock price has broadly been flat over the last 6 months, leaving ~28% upside to our target price. They maintain BUY with a target price of Rs 460, at 40x Mar?27E held 48.04 per cent stake in the company as of 31-Mar-2025, while FIIs owned 1.58 per cent, DIIs 6.57 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
29-05-2025
- Time of India
Punjilal's letter to Balangir SP led to his nailing: Bothra
Bhubaneswar: It was a blind case with no immediate material evidence and eyewitnesses. The crime branch, which took over the investigation, said Punjilal's letter to the Balangir SP to derail the probe, forensic examination of bomb remnants, a glue, and a psychological trap led them to Punjilal. Tired of too many ads? go ad free now Arun Bothra, then IG (crime branch) and now ADG (railways and coastal security), who led the investigation into first such case of a gift bomb in Odisha, narrated the details of how they filtered the evidence that came their way and nailed Punjilal. "During the investigation, Punjilal once told me that he never thought we would be able to zoom in on him. Nobody was suspecting Punjilal until I delved into the case in the first week of April 2018. He was extremely cunning (shatir). The letter he sent to the SP, Balangir was a breakthrough. When I scanned through the letter, I thought in Patnagarh no one can write such a neat English letter unless one is learned. I asked the investigating officer about the suspect (then Punjilal was a routine suspect) and came to know that he was an English lecturer," Bothra told the media after Punjilal's conviction. Narrating further, he said Punjilal bought 10 envelopes to send the letter to the SP. The crime branch found the remaining nine envelopes in his home that matched the ones sent to the SP. Second, the forensic examination of dry glue on the used envelope and the glue case in his home matched. "The printer in which it was printed was retrieved, and the laptop used to type the letter was recovered," Bothra recalled. What also immensely helped the crime branch secure Punjilal's conviction is that the sleuths recovered the wrappers of the locally-made bombs that Punjilal used to gather gunpowder to make a high-impact bomb. Tired of too many ads? go ad free now "He used several bombs and extracted the gunpowder. We found the remnants in his backyard," said Bothra. Punjilal hatched a plan to eliminate the entire family of Sanjkuta Sahoo, his colleague at Jyoti Vikash College, Bhainsa at Patnagarh in Balangir district, and on Feb 23, the gift bomb consignment reached Sahoo's home. Young techie Soumya Sekhra and his grandmother died in the explosion of the gift that Punjilal couriered from Raipur. The newly-wed bride, Reema, survived the blast.
Time of India
15-05-2025
- Time of India
Security concerns: 21 Pak crew members on board vessel refused entry at Paradip port
Kendrapada/Bhubaneswar: Amid simmering tension between India and Pakistan, security agencies Wednesday refused 21 Pakistani crew members aboard a crude oil tanker from disembarking shortly after it anchored near Paradip port on Wednesday. The Hong Kong-flagged vessel, ' MT Siren II ', carrying 196,580 metric tonnes of unrefined oil, anchored at the Single Point Mooring (SPM) berth, around 20 km offshore from Paradip port. The cargo is destined for Indian Oil Corporation Limited (IOCL) refinery in Paradip, a major oil refinery with 15 million tonne per annum capacity. Arun Bothra, additional director general (ADG) of coastal security in Odisha, said the cargo vessel has 25 crew members, including 21 from Pakistan. "Specific instructions were issued for the Pakistani nationals not to disembark from the ship as a precautionary measure," Bothra told of police (Jagatsinghpur) Bhawani Sankar Udgata said security measures were intensified immediately after immigration authorities identified Pakistani nationals among the crew. "The Pakistani crew will remain onboard," Udgata said. There would be no such restriction on the remaining four crew members, two each from India and Thailand security agencies, including Marine Police, Indian Coast Guard, CISF, and Customs have been placed on high alert. The agencies have conducted thorough vessel searches and document verification of all crew members coming from South Korea via Singapore. The state govt has been notified about the presence of Pakistani nationals, and the 17-year-old vessel will remain under constant surveillance throughout its stay near Paradip, the SP SPM, a floating buoy anchored offshore, facilitates the transfer of liquid cargo through underwater pipelines to the refinery. Sources said the ship will start unloading crude oil through the pipelines on Thursday and will take around 36 in such cases the crew members come to the port land to relax when the cargo is being unloaded. In this case, however, the Pakistani nationals will be under strict vigil on the ship itself though the security agencies have found nothing suspicious on them. "It is an abundance of precaution in view of the current situation," the SP added.
