ICICI Direct has given Hold recommendation for Mold-Tek Packaging with a target price of Rs. 750 in its research report issued on May 11, 2022

ICICI Direct’s research report on Mold-Tek Packaging

Mold-Tek Packaging is a leading player in the rigid packaging business and is into manufacturing decorative packaging containers for paint, lubricant, FMCG & foods (F&F) industry. 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, its balance sheet remained strong with RoCE, RoE of ~21%.


We revise our rating from BUY to HOLD. We value the stock at Rs 750 i.e. 25x P/E on FY24E EPS.

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