I agree with your point that there are no big differentiators for Epack vis a vis others and PG has a better margin among the lot. Epack seems to be having an edge on the valuation front ( relative to peers ). Also Epack is one the most backward integrated players among AC ODMs ( My opinion and I might be wrong ).
As mentioned in the risks earlier most of the OEMs have started manufacturing ACs and it is a threat to ODMs like Epack, Amber and PG while overall AC demand and growth is here to stay .
| Subscribe To Our Free Newsletter |
