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18 articles for Engro Polymer & Chemicals Ltd
Engro Polymer & Chemicals Ltd: 3QCY22 Review: Depressed core delta led to earnings decline
EPCL has posted NPAT of PKR2.3bn for 3QCY22 (EPS: PKR2.48); down 27%YoY/3%QoQ, in-line with our expectation PKR2.40. The company also announced an interim cash dividend of PKR2.50/sh vs. our estimated DPS of PKR2.25. Gross margin came in at 29.4%, do...
Ali Aziz Soorty @ Intermarket Securities 12 October 2022
Engro Polymer & Chemicals Ltd: 2QCY22 Result Review - Earnings beat driven by taxation
EPCL has posted NPAT of PKR2.3bn for 2QCY22 (EPS: PKR2.57); down 25% YoY and 50% QoQ. The company also announced an interim cash dividend of PKR2.5/sh vs. our estimated DPS of PKR1.25. Effective tax rate clocked in at 58% versus 25% in SPLY. The incr...
Ali Aziz Soorty @ Intermarket Securities 11 August 2022
Engro Polymer & Chemicals Ltd: 1QCY22 review – higher-than-expected volumes lead to earnings beat
EPCL has posted NPAT of PKR4.7bn for 1QCY22 (EPS: PKR5.19), up 14% yoy and 1% qoq, against our expected EPS of PKR4.17. The major deviation came from higher-than-expected PVC volumes and better spreads. We await the company’s analyst briefing to shed...
IMS Research Team @ Intermarket Securities 19 April 2022
Pakistan Chemicals: Earnings to sequentially lower amid normalized spreads
We expect IMS Chemicals universe (LOTCHEM and EPCL) to post combined net profits of PKR5.1bn for 1QCY22, mainly led by healthy international spreads. Spreads were slightly lower from their recent peak due to consistently rising PTA prices; while new ...
Ali Aziz Soorty @ Intermarket Securities 15 April 2022
Engro Polymer & Chemicals Ltd: High oil prices can trigger a down-cycle in spreads
PVC-Ethylene spreads have corrected 40% from its recent peak level since Nov’21. Historically, PVC demand and spreads compressed sharply when oil prices were above US$100/bbl. EPCL’s stock price suggests implied PVC-Ethylene spreads of c. As per hist...
Azan Memon @ Intermarket Securities 16 March 2022
Engro Polymer & Chemicals Ltd: 4QCY21 review – Lower-than-expected tax rate lead to earnings beat
EPCL has posted a NPAT of PKR4.7bn for 4QCY21 (EPS: PKR5.16), up 29% yoy and 51% qoq, against our expectation of PKR4.3bn (EPS: PKR4.71). The result takes CY21 net profits to PKR15.1bn, tripling yoy. The company also announced a final cash dividend o...
Azan Memon @ Intermarket Securities 8 February 2022
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Pakistan
Asia
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About
Engro Polymer & Chemicals Limited manufactures thermoplastics, such as polyvinyl chloride (PVC) in powder, pellet, or granulated form. The Company's products can be used in different applications such as piping systems, indoor products, electrical, housing construction.
