Mold-Tek Packaging Ltd. is an India-based company that was incorporated in 1997. The company operates in four main lines of business: blow moulding, injection moulding, thermoforming, and printing. It operates as the largest packaging network with 10 ISO certified units and is the market leader in rigid plastic packaging in India.
The company has established itself as a prominent player in the packaging industry, serving diverse sectors including Food & FMCG, Pharma, Paints, and Lubricants. Mold-Tek has expanded its operations to support the packaging needs of Grasim Industries (Aditya Birla Group - Paints Division), which selected Mold-Tek as a preferred supplier in 3 out of their 6 locations. New plants at Panipat and Cheyyar commenced production in the second half of Q4 FY24, with another plant under construction at Mahad.
As of recent data, Mold-Tek Packaging has a market capitalization of ₹2,309 crores, though this represents a decline from previous levels. The company's stock trades on both NSE and BSE exchanges under the symbol MOLDTKPAC.
FY 2023-24 Performance:
• Sales volume growth of 4.84%, reaching 35,661 tonnes compared to 34,014 tonnes in the preceding year.
• Revenue experienced a contraction of 4.28%, falling to ₹698.65 crores, primarily attributable to a 12% reduction in the average prices of raw materials.
• EBITDA witnessed a decline of 1.72%, amounting to ₹134.47 crores.
• Profit Before Tax (PBT) decreased by 13.72%, settling at ₹88.63 crores, and Net Profit diminished by 17.21%, reaching ₹66.59 crores.
Q3 FY25 Performance:
• Q3 FY25 revenue increased by 10.5% YoY to ₹178 crores.
• Net profit fell by 5.5% YoY to ₹17 crores.
• Market Capitalization: ₹2,309 crore (as of recent data)
• FY2023-24 Revenue: ₹698.65 crore
• FY2023-24 Net Profit: ₹66.59 crore
• Q3 FY25 Revenue: ₹178 crore
• Q3 FY25 Net Profit: ₹17 crore
• Return on Equity (last 3 years): 12.2% (low)
• Promoter Holding: 33.0%
The company operates through a robust manufacturing network with state-of-the-art facilities equipped with advanced technology for blow moulding, injection moulding, thermoforming, and printing operations. This diversified manufacturing capability allows Mold-Tek to serve various packaging requirements across different industries with customized solutions.
Mold-Tek operates the largest packaging network with 10 ISO certified units across India.
The total capital expenditure for F.Y. 2023 and F.Y. 2024 amounted to approximately ₹280 crores, reflecting the Company's strategic investments in enhancing its capabilities and market presence. These investments demonstrate the company's commitment to expanding its manufacturing capacity and technological capabilities to meet growing market demand.
Looking ahead, the company anticipates further capital investments to drive growth and expansion, particularly in the Food & FMCG and Pharma Packaging sectors. The strategic focus will remain on leveraging strengths in innovation, design, and product quality to achieve significant milestones in these areas.
The Company has been granted patent for its square packs and has taken legal action to prevent others from producing similar products. Suits were filed for declaratory judgment and permanent injunctions to restrain suppliers who are illegally copying the Company's patented designs and inventions. The Company has also taken measures to disrupt the supply chain of these infringers. This demonstrates Mold-Tek's commitment to protecting its intellectual property and maintaining its competitive edge through innovation.
As India's market leader in rigid plastic packaging, Mold-Tek Packaging has built strong competitive advantages through its extensive manufacturing network, technological capabilities, and established client relationships. The company's focus on innovation and quality has enabled it to maintain its leadership position in the highly competitive packaging industry.
The company's strategic positioning in key industrial locations and its ability to serve major corporations across different sectors provides it with a stable revenue base and growth opportunities. The recent expansion to serve Grasim Industries' paint division demonstrates the company's capability to scale operations and meet the requirements of large industrial clients.
Mold-Tek Packaging continues to focus on operational efficiency, technological advancement, and strategic partnerships to maintain its market leadership while exploring new growth opportunities in emerging sectors such as Food & FMCG and Pharma packaging.
