Mold-Tek Packaging Ltd.

NSE: MOLDTKPAC | BSE: 533080 | ISIN: INE893J01029 |Industry: Containers & Packaging
|Expensive Performer
259.50 -1.05 (-0.40%)
NSE Oct 29, 2020 15:31 PM
Volume: 15,128

Mold-Tek Packaging Ltd.    
01 Feb 2019
Nirmal Bang Institutional
Mold-Tek Packaging (MTEP) delivered a mixed set of numbers for 3QFY19, but the forward commentary looks solid. Revenues grew 16% YoY to Rs987mn led by volume growth of 8%. Volume growth was mainly driven by food and FMCG (F&F;) and lubricant divisions whereas paint division continues to remain stable. EBITDA increased 11% YoY to Rs169mn, but margins declined 70bps to 17.1%. The company completed the construction at Mysuru (Asian Paints) plant and has planned the commercial opening on 7 February 2019. Vizag plant is 90% constructed and should start operations from the first week of March 2019. The share of IML in volume terms stood at 60% for the quarter as against 54%...
Mold-Tek Packaging Ltd. is trading below it's 30 day SMA of 276.0
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