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Last Updated on: 26 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 526263 | NSE: MOLDTECH

Fundamental Analysis of Mold-Tek Packaging Ltd

About the Company - Mold-Tek Packaging Ltd

Mold-Tek Packaging Ltd. is a Public Limited Listed company incorporated on 28/02/1997 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L21022TG1997PLC026542 and registration number is 026542. Currently Company is involved in the business activities of Manufacture of plastic articles for the packing of goods (plastic bags, sacks, containers, boxes, cases, carboys, bottles etc.). Company’s Total Operating Revenue is Rs. 631.47 Cr. and Equity Capital is Rs. 15.63 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products8-2-293/82/A/700, Road No. 36, Hyderabad Telangana 500033cs@moldtekpackaging.com
http://www.moldtekpackaging.com
Management
NamePosition Held
Mr. J Lakshmana RaoChairman & Managing Director
Mr. A SubramanyamDeputy Managing Director
Mr. P Venkateswara RaoDeputy Managing Director
Mr. Srinivas MadireddyWhole Time Director
Dr. T Venkateswara RaoInd. Non-Executive Director
Mr. Eswara Rao ImmaneniInd. Non-Executive Director
Mr. Togaru Dhanraj Tirumala NarasimhaInd. Non-Executive Director
Mrs. Madhuri Venkata Ramani ViswanadhamInd. Non-Executive Woman Director
Mr. Ponnuswamy RamnathAddnl.Non Exe.Independent Director

Mold-Tek Packaging Ltd. Share Price Update

Share PriceValue
Today₹878.40
Previous Day₹878.45

Basic Stock Data of Mold-Tek Packaging Ltd

Market Cap 3,001 Cr.
Current Price 905
High / Low1,105/825
Stock P/E41.9
Book Value 179
Dividend Yield0.67 %
ROCE19.6 %
ROE16.1 %
Face Value 5.00

Data Source: screener.in

Competitors of Mold-Tek Packaging Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Supreme Industries Ltd 51,468 Cr. 4,0524,888/2,43047.9 3630.64 %26.8 %21.0 % 2.00
Avro India Ltd 128 Cr. 127155/93.731.9 26.60.00 %20.5 %17.8 % 10.0
Nilkamal Ltd 2,996 Cr. 2,0082,805/1,67222.2 9001.00 %13.3 %10.5 % 10.0
Pearl Polymers Ltd 66.9 Cr. 39.841.4/17.2 22.90.00 %17.4 %18.1 % 10.0
Padmanabh Alloys & Polymers Ltd 13.1 Cr. 24.245.9/0.0054.6 16.20.00 %6.40 %3.20 % 10.0
Industry Average52.2 Cr39.431.32265.740.33%16.88%14.12%8.4

Mold-Tek Packaging Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales119134161134160160178208183155185186170
Expenses93106128108128129146171148126149151138
Operating Profit26283325323232373428363532
OPM %22%21%21%19%20%20%18%18%19%18%19%19%19%
Other Income00-10001000111
Interest2233331111122
Depreciation65667777778910
Profit before tax18202417232225292621272521
Tax %26%26%24%27%23%25%30%26%26%21%15%24%26%
Net Profit14151812181717221916231916
EPS in Rs4.775.306.494.326.245.515.546.555.864.926.945.654.73

Mold-Tek Packaging Ltd Quarterly Chart

Mold-Tek Packaging Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales170187245276267301339394437479631730696
Expenses149167215235221249276322357383511594565
Operating Profit21203040465264728096121136131
OPM %13%11%12%15%17%17%19%18%18%20%19%19%19%
Other Income0-0-11021-10-2-1112
Interest469812471010945
Depreciation457881012151921263035
Profit before tax13914253741494049648710394
Tax %28%34%35%33%34%35%35%40%22%25%26%22%
Net Profit96917242732243848648074
EPS in Rs4.092.513.945.988.559.5411.248.5513.4917.3120.3724.2522.24
Dividend Payout %60%49%37%33%37%37%35%46%36%41%39%25%

Mold-Tek Packaging Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-33.33%50.00%88.89%41.18%12.50%18.52%-25.00%58.33%26.32%33.33%25.00%
Change in YoY Net Profit Growth (%)0.00%83.33%38.89%-47.71%-28.68%6.02%-43.52%83.33%-32.02%7.02%-8.33%

Mold-Tek Packaging Ltd Growth

Compounded Sales Growth
10 Years:15%
5 Years:17%
3 Years:19%
TTM:-2%
Compounded Profit Growth
10 Years:30%
5 Years:21%
3 Years:26%
TTM:-4%
Stock Price CAGR
10 Years:47%
5 Years:31%
3 Years:31%
1 Year:-7%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:18%
Last Year:16%

Mold-Tek Packaging Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111114141414141414161717
Reserves353841102115142167177183227423542576
Borrowings5473731829418096118108444777
Other Liabilities22234035463941574888929088
Total Liabilities122145166169204236302343363436574696757
Fixed Assets477072728191115183202239262376382
CWIP1132391015161212151734
Investments3333421201079175274
Other Assets61698892111114152134141177281251267
Total Assets122145166169204236302343363436574696757

Mold-Tek Packaging Ltd Reserves and Borrowings Chart

Mold-Tek Packaging Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 14142632382697147613159
Cash from Investing Activity -22-21-9-9-24-25-40-66-30-51-55-148
Cash from Financing Activity 97-17-23-14-131-6-17-1056-10
Net Cash Flow0000-000-00041

Mold-Tek Packaging Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days616863597574896248698362
Inventory Days648373646587115828911310883
Days Payable334045233935403332513633
Cash Conversion Cycle921129199101126163110106130155112
Working Capital Days72766471869012473698611684
ROCE %20%14%19%25%26%24%23%21%21%23%23%20%

Mold-Tek Packaging Ltd Financial Efficiency Indicators Chart

Mold-Tek Packaging Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters35.10%35.22%35.13%33.73%32.14%33.52%34.23%34.11%34.01%33.47%33.31%33.09%
FIIs9.31%9.14%8.29%9.16%10.34%10.46%12.02%13.94%14.51%16.91%18.00%17.82%
DIIs12.84%13.52%14.32%14.99%16.18%15.73%16.75%20.13%20.05%19.45%18.63%18.48%
Public42.75%42.12%42.26%42.12%41.34%40.29%37.00%31.82%31.43%30.16%30.06%30.61%
No. of Shareholders25,70326,05429,01836,86847,35454,74758,63576,08975,74173,56976,83980,425

Mold-Tek Packaging Ltd Shareholding Pattern Chart

No. of Mold-Tek Packaging Ltd Shareholders

Mold-Tek Packaging Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund18937651.16160.33
ICICI Prudential Smallcap Fund11263711.2895.36
Canara Robeco Small Cap Fund8537250.7572.28
Sundaram Large and Mid Cap Fund710928160.19
Edelweiss Small Cap Fund4369981.1737
Edelweiss Mid Cap Fund3625460.6230.69
Sundaram Small Cap Fund2551890.7121.6
Aditya Birla Sun Life Multi-Cap Fund1845420.3115.62
Aditya Birla Sun Life Balanced Advantage Fund135100.11

Mold-Tek Packaging Ltd ROCE Trend

Mold-Tek Packaging Ltd EPS Trend

Mold-Tek Packaging Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)10.364.713.573.844.31
Diluted EPS (Rs.)10.154.613.573.844.31
Cash EPS (Rs.)12.036.265.275.835.61
Book Value[Excl.RevalReserv]/Share (Rs.)36.7425.7021.8318.3918.20
Book Value[Incl.RevalReserv]/Share (Rs.)36.7425.7021.8318.3918.20
Revenue From Operations / Share (Rs.)52.0134.8229.5736.1232.10
PBDIT / Share (Rs.)15.648.056.927.197.38
PBIT / Share (Rs.)13.986.505.215.206.06
PBT / Share (Rs.)13.756.375.044.945.93
Net Profit / Share (Rs.)10.364.713.573.844.28
NP After MI And SOA / Share (Rs.)10.364.713.573.844.28
PBDIT Margin (%)30.0823.1123.3919.8923.00
PBIT Margin (%)26.8818.6517.6314.4018.87
PBT Margin (%)26.4318.2817.0413.6818.47
Net Profit Margin (%)19.9213.5212.0610.6413.33
NP After MI And SOA Margin (%)19.9213.5212.0610.6413.33
Return on Networth / Equity (%)28.2018.3216.3420.9023.51
Return on Capital Employeed (%)36.0323.7822.4926.8832.73
Return On Assets (%)22.6314.7013.1115.8319.35
Total Debt / Equity (X)0.000.000.000.050.04
Asset Turnover Ratio (%)1.341.091.061.421.39
Current Ratio (X)3.983.984.403.193.89
Quick Ratio (X)3.983.984.403.193.89
Dividend Payout Ratio (NP) (%)2.8953.0916.8190.7619.47
Dividend Payout Ratio (CP) (%)2.4939.9311.3859.8714.87
Earning Retention Ratio (%)97.1146.9183.199.2480.53
Cash Earning Retention Ratio (%)97.5160.0788.6240.1385.13
Interest Coverage Ratio (X)66.1761.1539.8027.5158.16
Interest Coverage Ratio (Post Tax) (X)44.8336.7721.5215.7234.72
Enterprise Value (Cr.)656.25215.54101.2495.72131.02
EV / Net Operating Revenue (X)4.472.191.220.941.47
EV / EBITDA (X)14.859.485.224.766.37
MarketCap / Net Operating Revenue (X)4.692.321.370.961.46
Retention Ratios (%)97.1046.9083.189.2380.52
Price / BV (X)6.633.141.861.902.58
Price / Net Operating Revenue (X)4.692.321.370.961.46
EarningsYield0.040.050.080.100.09

Mold-Tek Packaging Ltd Profitability Ratios (%)

Mold-Tek Packaging Ltd Liquidity Ratios

Mold-Tek Packaging Ltd Liquidity Ratios (%)

Mold-Tek Packaging Ltd Interest Coverage Ratios (X)

Mold-Tek Packaging Ltd Valuation Ratios

Fair Value / Intrinsic Value of Mold-Tek Packaging Ltd

Fair Value: ₹1215.61

The stock is undervalued by 34.32% compared to the current price ₹905

*Investments are subject to market risks

Strength and Weakness of Mold-Tek Packaging Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 21.58%, which is a positive sign.
  2. The company has higher reserves (212.92 cr) compared to borrowings (66.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (397.08 cr) and profit (47.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.39 and average Dividend Yield of 19.29%.
  2. The stock has a high average Working Capital Days of 84.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 116.42, which may not be favorable.

Should I Buy Mold-Tek Packaging Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Mold-Tek Packaging Ltd:
    1. Net Profit Margin: 19.92%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 36.03% (Industry Average ROCE: 16.88%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 44.83
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 3.98
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 41.9 (Industry average Stock P/E: 31.32)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mold-Tek Packaging Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE