Mold-Tek Packaging Q4 Review - Guidance Raised, FY22 Looks Promising: Systematix

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Systematix Research Report

Mold-Tek Packaging Ltd.’s Q4 FY21 results were ahead of our expectations with sales/Ebitda/profit after tax growth of 51%/75%/106% YoY and 21%/16%/21% QoQ.

Overall volume grew 30% YoY and 5% QoQ driven by paint (34% YoY) and food and fast moving consumer goods (30% YoY) divisions.

Ebitda margin grew 270 basis points YoY to 20.7% and Ebitda/kg was Rs 40 versus Rs 30 YoY, led by improved pricing, higher in-mould labelling share (67% of sales versus 65% YoY), installation of the printing flexography machine to reduce outsourcing and operating leverage.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.