Mold-Tek Packaging Ltd. share price target

Mold-Tek Packaging (MTEP) reported numbers were an all round beat to our and consensus estimates owing to better than expected traction in demand from its key end-user industry Paints, Lubes and F&F;.

Q3FY21 revenue & profitability grew by 33% & 70% YoY led by strong volume uptick post Covid-19 lockdown. Volumes grew by 38% YoY led paints, Lubes and Food & FMCG segment, which indicates revival in demand. EBITDA margins expanded by 170bps YoY to 20.8% led by scale benefits and pass through of commodity prices. Going ahead, we expect overall demand situation to improve further as consumption spending picks-up and economy revives. Introduction of new packaging for home & personal care products, capacity expansion in paints, higher in-mold sales, backward integration and revival in F&F; segment will drive earnings....

Mold-tek packaging's (MPL) Q3FY21 result was ahead of our and consensus estimates on all parameters. The company continued its healthy sales volume momentum which supported net sales growth. Cost optimization measures led to EBITDA margin expansion, despite increase in raw material cost. Net sales increased by 32.6% YoY to Rs1,335mn, while EBITDA came in at Rs277mn, higher by 48.1% YoY. The company reported net profit of Rs150mn, growth of 69% over Q3FY20. Positive management commentary on volume driven sales growth, widening product portfolio and foray in northern market paves the way for sustainable future earnings growth. To factor in a...

Mold-Tek Packaging (MTEP) reported numbers were an all round beat to our and consensus estimates owing to better than expected traction in demand from across sectors like Paints, Lubes and F&F;.

Mold-Tek Packaging (MTEP) reported numbers beat all our estimates owing to better than expected traction in demand in June 2020 from across sectros like Paints, Lubes and F&F.; Net Sales at Rs.65cr down 44% YoY (Rs. 32cr our estim) as operations across segments were hit for month of April

Mold Tek Packaging Gradual recovery already set in Moldtek Packaging (MTEP) Q1 results were a surprise. While management had guided losses in Q1, company reported marginal profits of Rs 16m due to sharper than expected recovery (June cu at 42% v/s 35% expected earlier). Revenues de-grew 43.7% on back of 41%/4% decline in volume/realisation. EBITDA/kg fell 24% to Rs 24.5. EBITDAM contracted 450bps YoY to 13.9% largely due to lower fixed cost absorption. PAT decline was sharper at...

Mold-Tek Packaging Ltd (MTEP), one of leading manufacturers' and suppliers of high quality airtight and pilfer proof containers/pails in India for Paints, Lubricants, Food and FMCG. Given near term impact on account of lockdown due to spread of...

Mold-Tek Packaging (MTEP) Q3FY20 print was in-line with our estimates. However, on margin front it beat our estimates. Revenue growth at 2% was flat (dragged by lower RM prices) despite 8% volume growth (aided by new plants for Asian Paints 11% vols growth).

Mold-tek packaging Ltd.'s (MPL) Q3FY20 result was marred by overall demand slowdown. Further, decline in raw material prices were passed on to the clients, which dented net sales. Net sales stood at Rs1,007 mn (+2% YoY) driven by 8.2% YoY volume growth. EBITDA came in at Rs187 mn (+10.8% YoY). Softness in raw material prices supported EBITDA margin which expanded by 127bps YoY to 18.6%. The company reported...

MTEP reported lower topline growth primarily due to slowdown in paint industry. Revenues grew 5.0% YoY but de-grew 11.9% QoQ to Rs 1,007m. EBITDA stood at Rs 192m, up 11.2% YoY but lower 8.5% QoQ. Improvement in gross margins by 460bps YoY and 280bps QoQ due to benign crude prices, EBITDAM expanded 110bps YoY and 70bps QoQ to 19.1. EBITDA/kg was Rs 34.3. PAT grew marginally (1.9%) YoY but de-grew 16.2% QoQ to Rs 88m. EPS stood at Rs 3.2. Q3 Paint volumes stood at 2,894 tons up 12.4% YoY (due to additional volumes from Vizag & Mysuru) but de-grew 20.9% sequentially due to slowdown in the...