Mold-Tek Packaging Ltd

About [ edit ]

Mold-Tek Packaging is engaged in the manufacturing of injection-molded containers for lubes, paints, food and other products.

Key Points [ edit ]
  • Market Cap 1,277 Cr.
  • Current Price 453
  • High / Low 490 / 161
  • Stock P/E 32.6
  • Book Value 77.1
  • Dividend Yield 1.10 %
  • ROCE 20.7 %
  • ROE 20.8 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 39.08%
  • Debtor days have improved from 66.19 to 48.39 days.

Cons

  • The company has delivered a poor sales growth of 9.67% over past five years.
  • Promoter holding is low: 34.82%
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
92 99 98 96 101 116 114 101 106 65 119 134
76 81 81 79 82 96 93 81 87 56 93 106
Operating Profit 17 18 17 17 19 20 21 19 19 9 26 28
OPM % 18% 18% 17% 18% 19% 18% 18% 19% 18% 14% 22% 21%
Other Income 0 0 1 0 -11 1 -1 -1 -1 0 0 0
Interest 1 2 2 2 2 2 3 3 3 2 2 2
Depreciation 3 3 3 4 4 5 5 5 5 5 6 5
Profit before tax 13 14 13 12 1 14 13 11 10 2 18 20
Tax % 39% 34% 34% 29% 242% 24% 20% 21% 23% 27% 26% 26%
Net Profit 8 9 8 9 -2 11 11 9 8 2 14 15
EPS in Rs 2.74 3.20 2.97 3.07 -0.69 3.85 3.73 3.12 2.82 0.55 4.77 5.30

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
98 118 146 170 187 245 276 267 301 339 394 437 424
88 102 128 149 167 215 235 221 249 276 322 358 343
Operating Profit 10 17 19 21 20 30 40 46 52 64 72 79 82
OPM % 11% 14% 13% 13% 11% 12% 15% 17% 17% 19% 18% 18% 19%
Other Income 0 1 1 0 -0 -1 1 1 2 1 -10 -1 -1
Interest 3 2 3 4 6 9 8 1 2 4 7 10 10
Depreciation 3 4 4 4 5 7 8 8 10 12 15 19 21
Profit before tax 5 11 12 13 9 14 25 37 41 49 40 49 51
Tax % 19% 33% 33% 28% 34% 35% 33% 34% 35% 35% 40% 22%
Net Profit 4 7 8 9 6 9 17 24 27 32 24 38 38
EPS in Rs 2.24 4.49 4.88 4.09 2.51 3.94 5.98 8.55 9.54 11.24 8.55 13.49 13.44
Dividend Payout % 43% 33% 50% 60% 49% 37% 33% 37% 37% 35% 46% 36%
Compounded Sales Growth
10 Years:14%
5 Years:10%
3 Years:13%
TTM:-2%
Compounded Profit Growth
10 Years:18%
5 Years:19%
3 Years:15%
TTM:205%
Stock Price CAGR
10 Years:32%
5 Years:25%
3 Years:10%
1 Year:158%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:19%
Last Year:21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
8 8 8 11 11 11 14 14 14 14 14 14 14
Reserves 13 18 21 35 38 41 102 115 142 167 177 183 200
Borrowings 29 31 42 54 73 73 18 29 41 80 96 118 103
9 18 22 22 23 40 35 46 39 41 57 48 66
Total Liabilities 60 75 92 122 145 166 169 204 236 302 343 363 383
25 29 36 47 70 72 72 81 91 115 183 202 210
CWIP 1 3 4 11 3 2 3 9 10 15 16 12 12
Investments 0 0 3 3 3 3 3 4 21 20 10 7 9
35 43 49 61 69 88 92 111 114 152 134 141 153
Total Assets 60 75 92 122 145 166 169 204 236 302 343 363 383

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
9 15 15 14 14 26 32 38 26 9 71 45
-2 -10 -17 -22 -21 -9 -9 -24 -25 -40 -66 -28
-6 -6 2 9 7 -17 -23 -14 -1 31 -6 -18
Net Cash Flow 2 -2 0 0 0 0 0 -0 0 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 15% 25% 23% 20% 14% 19% 25% 26% 24% 23% 21% 21%
Debtor Days 51 62 56 61 68 63 59 75 74 89 62 48
Inventory Turnover 5.07 6.70 6.01 6.41 5.12 5.82 5.98 5.58 5.39 3.97 4.40 4.69

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
35.59 35.53 35.56 35.55 35.54 35.64 35.18 34.69 34.76 34.76 35.10 35.22
8.25 9.49 12.09 11.92 11.99 11.65 11.51 10.31 9.52 9.38 9.31 9.14
12.55 11.98 10.99 10.95 11.09 12.26 12.85 12.82 12.64 12.90 12.84 13.52
43.62 42.99 41.36 41.58 41.38 40.45 40.45 42.17 43.07 42.97 42.75 42.12

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