ICICI Direct has given Buy recommendation for Mold-Tek Packaging with a target price of Rs. 675 in its research report issued on Jul 29, 2021

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 have maintained our rating of BUY on the stock We value Mold-Tek at Rs 675 i.e. 22x P/E on FY23E EPS


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