Control Print: Why it's a portfolio stock for the long term

With economic recovery gathering momentum, top line would gain traction and margins should be stable

Madhuchanda Dey
March 05, 2024 / 12:05 PM IST
Control Print: Why it's a portfolio stock for the long term

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PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights Stock price has been consolidating, thanks to the modest revenue performance Strategic shift in favour of large clients to result in lumpiness of printer sales Pick-up in capacity utilisation in manufacturing to support consumables Shift to organised sector and regulatory push positive for coding and marking industry New vistas to support long-term growth The stock of Control Print (CMP: Rs 925, Market Cap: 1479 crore, Rating: Overweight) fetched modest return in the past six months, performing in line with the benchmark Nifty, after a...