AGI Greenpac in limelight

AGI Greenpac, earlier known as HSIL Ltd has been getting a lot of attention on the mid-cap section on the bourses since the past few days. Hitting consistent new highs everyday, the stock is on a volatile run today; from its close of Rs.1200.70, it opened slightly higher at Rs.1201.45 and soon slipped into the red at Rs.1163 levels. Its 52-week high is not too far at Rs.1210. With more buyers than sellers on the counter, the stock is expected to remain in the spotlight today aso.

The company is engaged in the production of various packaging products including glass containers, speciality glass, polyethylene terephthalate (PET) bottles & products, and security caps & closures.

The company had ended Q2FY25 with a 28% (YoY) jump in net profit at Rs.72 crore despite a 1.4% drop in total revenue at Rs.619 crore. EBITDA came in at 166 crore, yp 20% while margins were at 28%.

It maintained a high capacity utilisation of around 93% and focused on cost efficiencies, streamlining production processes, and enhancing supply chain management, which contributed to improved margins. 

There is no new development as such in the stock; just that its now on the radar of various brokerages and fund houses. Its big trigger could be the end to the legal battle for acquisition of HNG, which will give it a clear market leader, almost monopolistic position in the sector.