Interloop Limited (ILP): The Textile Behemoth – By Darson Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We have a &ldquo;BUY&rdquo; stance on ILP with a Dec&rsquo;24 DCF-based target price of PKR90.37/share providing an upside of 38.91%. Currently, the stock is trading at the estimated forward P/E ratio of 3.81/3.57x for FY24/25 respectively compared to the current market P/E of 6.16x and the textile sector P/E of 3.62x. Our liking for ILP is on the back of expansions coming up in the denim and hosiery segment, new apparel plant online, solid overseas customer base and higher gross margins than peers.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop is a fully integrated Textile company which has the capability to manufacture Hosiery, Denim, Knitted Apparel and other active wear products p...