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.
Nirmal Bang Report
We believe that food and fast moving consumer goods pick-up, new launches and ramp-up in Mysore and Vizag capacities (paints division) will improve overall revenue/kilogram from Rs 169 (FY21 estimate) to Rs 193 in FY23.
Ongoing improvement in product mix along with a strong thrust on cost management can increase blended Ebitda/kg to Rs 38 in FY23.
We are building in approximately 13% Ebitda compound annual growth rate over FY20-23E (~25% over FY21-23E).
The recent rights issue would strengthen Mold Tek Packaging Ltd.’s balance sheet significantly in our view.
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