Mold-Tek Packaging Ltd. share price target

It was the first to introduce in-mould label (IML) decorative products and QR coded packaging products in India While new product launches helped drive profitability of the company,...

Mold-tek packaging's (MPL) Q1FY22 result was in-line with our estimates on key parameters. Statewide lockdown amid second wave of Covid-19 weighed on operations on a sequential basis; however, the company's performance over Q1FY21 was recommendable, primarily aided by better product mix. Net sales increased by 105% YoY to Rs1,337mn, while EBITDA came in at Rs253mn, higher by 177% YoY. The company reported net profit of Rs121mn, growth of 669% over Q1FY21. The company has added many new clients in Q1FY22 as well as has introduced higher margin QR coded IML products. MPL remains focused on capacity expansion, new product...

Mold-tek packaging's (MPL) Q4FY21 result was better than our estimates on key parameters. Strong sales volume growth and higher NSR (on account of increased raw material prices) supported net sales, while higher share of IML products in total volume led to EBITDA margin expansion. Net sales increased by 51.2% YoY to Rs1,610mn, while EBITDA came in at Rs320mn, higher by 75% YoY. The company reported net profit of Rs181mn, growth of 106.1% over Q4FY20. The management remained confident to keep the earnings growth momentum once pandemic situation comes under control. Second wave of Covid-19 has dented product off-take owing to statewide lockdown,...

1mn pump pieces/month, to be ramped up to 4mn/month by year end. MTEP reported robust volume growth on back of growth in paint and food & FMCG volumes. EBITDA/kg highest at Rs 41.8 in spite of 50% increase in RM cost on back of increased contribution from IML products and food & FMCG business and use of new flexographic machine (adds 0.50-0.75 paise to...

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;.

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...

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 (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 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 (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