Mold-Tek Packaging Ltd. share price target

Mold-Tek Packaging's Consolidated Revenue and Net profit increased at 3.4% and 8.4% respectively on yoy basis. The company reported subdued quarter due to lacklustre demand mainly from paint and lubricant segments on account of GST transition. However, revenue from Food and FMCG segment remained strong with addition of new products and clients.

Mold-Tek Packaging (MTPL) in 1QFY18 posted consolidated revenues of Rs. 90 Cr. (up 8% Y-o-Y, up 9% Q-o-Q)due to increased contribution from Food and FMCG segment and huge growth in RAK plant sales however GST impacted paints and lubes volumes due to destocking.

Mold-Tek Packaging's Revenue and Net profit increased by 10.4% and 1.2% respectively on YoY basis. The company reported a sub-par quarter due to subdued demand mainly from paint and lubricant segments on account of GST transition.

Mold-Tek Packaging (MTPL) in 4QFY17 posted revenues of Rs. 81 Cr. (up 16% Y-o-Y, up 20% Q-o-Q) due to demand restoring back post demonetization and increased contribution from Food & FMCG segment.

Mold-Tek Packaging (MTPL) in 3QFY17 posted revenues of Rs. 68 Cr. (up 0.1% Y-o-Y, down 10.7% Q-o-Q) due to demonetization impact in paints and lube sector and PAT of Rs 5.6 Cr (down 9.2% YoY, down 15.6% Q-o-Q) impacted due to commencement of operations at RAK subsidiary leading to increase in emplo..

Mold-Tek Packaging Limited (MTPL) is the leader in rigid plastic packaging in India. It is involved in the manufacturing of injection molded containers for Lubes, Paints, Food, FMCG and other industries. It is the leader in rigid plastic Packaging in India with 20% market share. It has introduced spouts and IN-Mold spouts concepts for the paint and lube pails. MTPL is pioneer in the field of IN-Mold label decoration in India. Company has seven manufacturing units in India...