<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We initiate our coverage with a Buy rating on Interloop Limited (ILP), Pakistan largest listed exporter with DCF based target price of Rs92 offering an upside potential of ~57%. With annual export of USD450m and production capacity of around 800mn pair of socks, ILP is one of the leading hosiery supplier to global brands like ADIDAS, NIKE, PUMA, TARGET, AMAZON, and HM.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Amongst listed textile exporters, ILP is the fastest-growing company with earnings CAGR of impressive 39% during last 5 years (FY19-FY23). On the flip side earnings of major exporters grew by an average 18%. Thus, ILP outpacing others with big margin, thanks to the inelastic nature of its pro...
