EPACK Durables’ stock surged 5% after DAM Capital initiated coverage with a “Buy” rating and a target price of ₹495, citing strong growth prospects in India’s booming room air conditioner (RAC) market. The RAC market is expected to grow at a CAGR of 14% from FY25–30E, driven by rising temperatures and government initiatives supporting localization.
With robust R&D, deep client relationships (including Hisense), and strategic diversification across components, exports, and appliances, EPACK is poised for a 42% revenue CAGR from FY24–27E, supported by stable margins. DAM Capital forecasts a 50% PAT CAGR and sees the stock’s valuation at 34x FY27 earnings as attractive, making EPACK a compelling investment in India’s consumer durables sector.
EPACK Durable shares opened today at ₹440.00, with a high of ₹460.70 and a low of ₹433.00. The stock has seen significant movement over the past year, with a 52-week high of ₹515.00 and a low of ₹150.60.
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