Mold-Tek Packaging - Innovations To Drive Growth, Profitability: Prabhudas Lilladher Initiates Coverage
Staff grabs a stack of freshly made plastic containers before boxing them. (Photographer: John Zich /Bloomberg News).

Mold-Tek Packaging - Innovations To Drive Growth, Profitability: Prabhudas Lilladher Initiates Coverage

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.

Prabhudas Lilladher Report

We are Initiating coverage on Mold Tek Packaging Ltd. on a positive note given that it is a proxy on growth potential in domestic paints, food and fast moving consumer goods industry.

We believe -

  1. Steady state high single digit to low double digit volume growth in user industries (8-12% plus),
  2. 23% increase in capacity over FY20-23
  3. Scale up in dedicated capacities for Asian Paints Ltd, (8500 million tonne) and Berger Paints India Ltd. (3000 million tonne) will enable 15% volume compound annual growth rate over FY21-23.

Click on the attachment to read the full report:

Prabhudas Lilladher Initiating Coverage on Mold Tek packaging.pdf

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