Mold-Tek Packaging Ltd.

NSE: MOLDTKPAC | BSE: 533080 | ISIN: INE893J01029 |Industry: Containers & Packaging
|Expensive Performer
260.55 -2.35 (-0.89%)
NSE Oct 28, 2020 15:31 PM
Volume: 15,985
 

Mold-Tek Packaging Ltd.    
01 Aug 2020
260.55
-0.89%
Nirmal Bang Institutional
Mold-Tek Packagings (MTEP) 1QFY21 operational performance was better than our estimates. Edible oil, ghee packs & other dairy products witnessed good growth whereas the rest of the portfolio witnessed a sharp decline on account of the lockdown. 1QFY21 capacity utilization stood at 42%, while the management has highlighted that in July-20, MTEP has achieved ~70% capacity utilization. Revenue decline in F&F; was lower at ~28% YoY compared to other segments, leading to significant improvement in the revenue mix. As a result, gross margin expanded by ~170bps YoY. Within F&F;, while edible oil, ghee...
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Promoters pledge reduced to 3.26% of holdings in Sep 2020 qtr.
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