Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).

The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company has expanded its business into the small domestic appliance (SDA) market, particularly given the seasonal demand for RACs, and is currently developing and producing induction hobs, blenders, and water dispensers.

The company has four production facilities in Dehradun, namely Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and Dehradun Unit IV, and one manufacturing facility at Bhiwadi, Rajasthan, with an annual production capacity as on March 31, 2023 for manufacturing (i) 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits and 0.42 million WACs and (ii) 0.11 million water dispensers, 1.2 million induction hobs and 0.30 million mixers and their components.

As at March 31, 2023, the company had 734 full-time employees, including engineers, university graduates and diploma students.

For year/ period ended ( in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band of Rs.230/-

• EPACK Durable Ltd. is the second largest player in RAC and ODM with innovative products.
• After good growth for FY21 to FY23, it marked a minor setback in line with the general trends in the segment.
• Its new unit in South has gone on stream in December 2023.
• The company is on capacity expansion spree to take benefit of revival in trends.
• Based on recent financial performance the IPO appears fully priced.

Well-informed Investors may consider parking of funds for the medium to long term.

• Funding capital expenditure for the expansion/setting up of manufacturing facilities;
• Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company;
• General corporate purposes.

The company is the second largest RAC, ODM products with innovations and engaged in related services. It has also done backward integration for domestic appliances. Investors may park funds for the medium to long term rewards.