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Mold-tek Packaging

₹797.2 3 | 0.4%

Market Cap ₹2649 Cr.

Stock P/E 36.9

P/B 4.4

Current Price ₹797.2

Book Value ₹ 182.6

Face Value 5

52W High ₹1105

Dividend Yield 0.75%

52W Low ₹ 741.2

Overview Inc. Year: 1997Industry: Plastic Products

Mold-Tek Packaging Ltd is a holding organisation. The Company is a packaging organization, that is in the production of plastic packaging containers. The Company manufactures rigid plastic packaging boxes via injection molding technology for paints, lubes, oils, meals, FMCG and other sectors. The Company designs and manufactures airtight and pilfer-proof pails, in addition to customized bins to fulfill its consumer's packaging necessities. It also offer bulk containers for bulk drugs, chemical substances and food. It offers a range of decorating techniques and product sizes for its customers. The Company decorates merchandise the usage of technology, which includes in-mold labeling (IML), heat transfer labelling and screen printing. The Company has over approximately seven processing plants, over 70 injection molding machines and about 3 stock factors throughout India. It has an injection molding ability of about 20,000 tons/annum (TPA).

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Mold-tek Packaging Share Price

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Mold-tek Packaging Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 208 183 155 185 186 170 165
Other Income 0 0 0 1 1 1 0
Total Income 208 183 155 186 187 171 166
Total Expenditure 171 148 126 149 151 138 135
Operating Profit 37 34 29 36 36 33 30
Interest 1 1 1 1 2 2 2
Depreciation 7 7 7 8 9 10 9
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 29 26 21 27 25 21 19
Provision for Tax 7 7 4 4 6 6 5
Profit After Tax 22 19 16 23 19 16 14
Adjustments 0 -0 0 0 0 0 0
Profit After Adjustments 22 19 16 23 19 16 14
Adjusted Earnings Per Share 6.6 5.9 4.9 6.9 5.6 4.7 4.3

Mold-tek Packaging Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 192 254 285 276 301 339 394 437 479 631 730 706
Other Income 0 1 1 1 2 1 1 1 1 2 1 3
Total Income 192 254 286 276 302 341 395 439 480 633 731 710
Total Expenditure 172 224 245 230 249 276 322 357 383 511 594 573
Operating Profit 20 30 41 46 53 65 73 81 97 122 137 135
Interest 6 9 8 1 2 4 7 10 10 9 4 7
Depreciation 5 7 8 9 10 12 15 19 21 26 30 36
Exceptional Income / Expenses 0 -1 0 0 0 0 -12 -3 -1 0 0 0
Profit Before Tax 9 14 25 37 41 49 40 49 64 87 103 92
Provision for Tax 3 5 8 13 14 17 16 11 16 23 22 21
Profit After Tax 6 9 17 24 27 32 24 38 48 64 80 72
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 9 17 24 27 32 24 38 48 64 80 72
Adjusted Earnings Per Share 2.6 4 6.1 8.6 9.6 11.4 8.6 13.7 17.2 20.4 24.3 21.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 19% 17% 14%
Operating Profit CAGR 12% 19% 16% 21%
PAT CAGR 25% 28% 20% 30%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -19% 19% 27% 43%
ROE Average 16% 19% 18% 18%
ROCE Average 19% 21% 20% 21%

Mold-tek Packaging Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 49 53 116 129 156 181 191 197 256 457 559
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 22 19 11 7 3 2 15 25 17 25 13
Other Non-Current Liabilities 2 6 6 7 9 13 15 14 16 19 25
Total Current Liabilities 72 88 37 61 81 121 136 139 164 94 124
Total Liabilities 145 166 169 204 249 316 356 375 452 595 721
Fixed Assets 70 72 72 81 91 114 183 202 239 262 376
Other Non-Current Assets 8 9 10 17 38 42 32 33 27 42 80
Total Current Assets 66 85 88 106 121 160 141 140 185 291 264
Total Assets 145 166 169 204 249 316 356 375 452 595 721

Mold-tek Packaging Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 1 1 0 0 0 0 0 0 4
Cash Flow from Operating Activities 14 26 32 38 26 9 71 47 61 3 159
Cash Flow from Investing Activities -21 -9 -9 -24 -25 -40 -66 -30 -51 -55 -148
Cash Flow from Financing Activities 7 -17 -23 -14 -1 31 -6 -17 -10 56 -10
Net Cash Inflow / Outflow 0 0 0 -0 0 -0 -0 0 0 4 1
Closing Cash & Cash Equivalent 0 1 1 1 0 0 0 0 0 4 5

Mold-tek Packaging Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 2.55 3.99 6.05 8.64 9.65 11.37 8.65 13.68 17.22 20.37 24.25
CEPS(Rs) 4.96 7.05 9.01 11.69 13.21 15.62 13.93 20.51 24.92 28.82 33.37
DPS(Rs) 1.25 1.5 2 3.25 3.6 4 4 5 7 8 6
Book NAV/Share(Rs) 21.52 23 41.5 46.25 55.86 64.84 68.37 70.5 86.05 140.18 168.39
Core EBITDA Margin(%) 9.3 10.43 12.69 14.78 15.36 18.15 18.27 18.31 20.05 19.06 18.54
EBIT Margin(%) 6.9 7.95 10.37 12.26 12.88 15.07 11.95 13.56 15.47 15.13 14.59
Pre Tax Margin(%) 4.1 4.89 7.95 11.91 12.2 13.87 10.14 11.22 13.37 13.65 14.05
PAT Margin (%) 2.69 3.19 5.29 7.81 7.96 9.05 6.12 8.73 10.04 10.04 11
Cash Profit Margin (%) 5.24 5.64 7.88 10.56 10.9 12.43 9.86 13.09 14.52 14.21 15.14
ROA(%) 4.34 5.84 10.07 12.92 11.87 11.2 7.17 10.44 11.63 12.17 12.23
ROE(%) 12.2 17.96 20.1 19.7 18.89 18.84 12.98 19.72 22 18.77 16.14
ROCE(%) 13.38 18.28 25.49 25.9 24.51 23.05 17.2 19.73 21.83 22.17 19.27
Receivable days 54.11 49.64 49.49 58.52 62.41 74.59 68.9 51.88 56.44 67.14 66.51
Inventory Days 37.29 33.36 32.04 30.46 32.49 45.19 43.68 39.15 46.04 48.01 45.2
Payable days 32.96 32.17 27.86 27.53 29.52 30.94 28.37 26.46 34.01 31.36 27.57
PER(x) 7.08 4.97 17.47 16.13 23.85 28 30.27 12.58 22.8 35.78 37.27
Price/Book(x) 0.84 0.86 2.55 3.01 4.12 4.91 3.83 2.44 4.56 5.2 5.37
Dividend Yield(%) 6.87 7.5 1.88 2.32 1.55 1.25 1.52 2.89 1.78 1.1 0.66
EV/Net Sales(x) 0.59 0.46 1.09 1.51 2.27 2.85 2.09 1.37 2.51 3.65 4.16
EV/Core EBITDA(x) 5.57 3.89 7.56 9 12.75 14.96 11.24 7.35 12.45 18.84 22.19
Net Sales Growth(%) 10.17 32.13 12.34 -3.28 9.11 12.85 16.09 11 9.48 31.85 15.59
EBIT Growth(%) -12.62 52.29 46.48 14.52 14.93 21.3 -10.78 25.95 24.9 29.46 11.23
PAT Growth(%) -38.06 56.92 86 42.86 11.57 17.86 -23.94 58.44 25.88 32.41 26.35
EPS Growth(%) -38.24 56.5 51.59 42.75 11.61 17.86 -23.94 58.24 25.89 18.25 19.07
Debt/Equity(x) 1.49 1.39 0.16 0.23 0.26 0.45 0.5 0.6 0.45 0.1 0.08
Current Ratio(x) 0.93 0.97 2.39 1.74 1.49 1.32 1.04 1.01 1.13 3.11 2.14
Quick Ratio(x) 0.6 0.65 1.64 1.35 1.04 0.9 0.72 0.65 0.7 2.09 1.45
Interest Cover(x) 2.47 2.6 4.28 35.06 18.82 12.54 6.61 5.8 7.38 10.21 26.94
Total Debt/Mcap(x) 1.77 1.61 0.06 0.08 0.06 0.09 0.13 0.24 0.1 0.02 0.02

Mold-tek Packaging Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 32.14 33.52 34.23 34.11 34.01 33.47 33.31 33.09 32.86 32.76
FII 10.34 10.46 12.02 13.94 14.51 16.91 18 17.82 16.03 14.14
DII 16.18 15.73 16.75 20.13 20.05 19.45 18.63 18.49 19.22 22.18
Public 41.34 40.29 37 31.82 31.43 30.16 30.06 30.6 31.88 30.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 31.36 to 27.57days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.76%.
  • Stock is trading at 4.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Mold-tek Packaging News

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