presently, the company&39s capacity utilisation stands at 6570 percent odd.according to the packaging industry association of india piai, packaging in india is one of the fastest growing sectors, partly because it spans almost every industry segment. it is expected to expected to grow to 16.5 billion by 2015. tubepackaging company essel propack ltd epl headquartered in mumbai, has been growing at a significant rate in the packaging segment, as it has already captured onethird of the business. epl has enhanced its laminated tubes market share from 28 in cy02 to 34 currently. with the boost in investor&39s confidence and positive market sentiment, the company looks set for a good growth in this year.in an interview with cnbc tv18, ashok goel, md, essel propack, said that the company is confident to achieve and maintain 15 percent as topline growth year on year and 20 percent growth in the bottomline in the current financial year as well as in the next five years.giving the measures they will be taking to reach at 20 percent of ebitda margins, he said that, firstly, at the existing geographies the company&39s capacities will be utilised which will contribute towards the margins. secondly, they are planning to bring in other efficiencies in terms of capital efficiency and all other productsto increase the margins.further, talking about what will lead to 15 percent topline growth, he said, "since we are geographically spread over all the continents in 12 countries, the growth is coming in a varied proportion, all the regions are growing at double digits, some are growing at lower than 15 percent and some will grow more than 15 percent, so it will average out at 15 percent. india will have 1112 percent growth followed by america, which will be similar but east asia pacific eap will bring in about 22 percent and europe will bring more than 30 percent. therefore, if we average out, it will be 15 percent".presently, the company&39s capacity utilisation stands at 6570 percent odd. the reason for maintaining the utilisation, he said that geographies which are doing more nonoral care, their capacity utilisation tend to be little lower and those who do more of oral care, their capacity utilisation tend to be higher. the company is hopeful to improve some percentage of capital utilisation.commenting on the performance of company&39s subsidiaries in europe and america, he said, "europe was the biggest pinpoint until couple of years ago. europe has turned positive and it has now reached economy of scale and therefore their margins will tend to get better. in us it is doing alright. mexico and columbia are two geographies where we expect growth to happen and mexico as it is breaking even and we hope mexico will turn profitable. the only geography which will not turn profitable but is a very small operation is russia because of geopolitical situation and the economy there. we do not expect much improvement to happen".moreover, moving towards the company&39s business in russia, goel said that the geopolitical issue and economic sanctions led to fall of currency value in russia. having said that, the company is positive to raise the price of tubes without loss in russia but not seeing much profits.lastly, when asked about there total expenditure into innovation and research & development and how much could it possibly increase as a percentage to sales, he said, "in our case r&d happens in at least two counts &ndash 1 on new materials development and therefore creating different kinds of barriers inside out and outside in &ndash that is the simplest way i can describe to create the barriers then we spend lot of money on developing newer equipment and 2 we partner with our machinery suppliers and most of these r&d expenses particularly on equipment gets capitalised because it gets amortised over number of machines but on materials we tend to invest about 3 percent of our sales".stock priceat 1220pm, the stock of the company is trading down 2.19 at rs. 125. the stock is trading down 2.19 from its previous close which was at rs. 127.80. it hit a high at rs. 128.20 and low at rs. 123.50. the total traded quantity is 12,000 and twoweek average quantity is 32,000. 
