EPL Limited — PPTs, 29-03-2026: Investor Presentation

EPL Limited is set to merge with Indovida India, creating a dominant consumer packaging player, especially for high-growth emerging markets. The combined entity will boast a CY25 revenue of 8,376.7 Cr and strong EBITDA of 1,746.7 Cr (20.9% margin).

This strategic move unlocks growth by forming a multi-format packaging powerhouse (flexible + rigid) and deepens presence in emerging markets, contributing ~75% of combined revenue. Management expects $35-50 million in synergies from leveraging geographies, product portfolios, and cost efficiencies. Both companies prioritize sustainability, evident in EPL's recyclable tubes and Indovida's recycled PET usage.

The deal values EPL at INR 339/share, a ~70% premium. Indorama Ventures will become a major promoter (51.8% stake), bringing global expertise. The merger boosts EPL's EBIT margin and Return on Capital Employed (ROCE) and is projected to be EPS accretive from Year 1. The swap ratio (286 EPL shares for 10,000 Indovida shares) was determined by financial advisors. This creates a stronger, future-ready packaging platform.