Mold-Tek Packaging Q4 Review - Guidance Raised, FY22 Looks Promising: Systematix

Staff grabs an armful of freshly made plastic containers before boxing them. (Photographer: John Zich/Bloomberg News)

Mold-Tek Packaging Q4 Review - Guidance Raised, FY22 Looks Promising: Systematix

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Systematix Research Report

Mold-Tek Packaging Ltd.’s Q4 FY21 results were ahead of our expectations with sales/Ebitda/profit after tax growth of 51%/75%/106% YoY and 21%/16%/21% QoQ.

Overall volume grew 30% YoY and 5% QoQ driven by paint (34% YoY) and food and fast moving consumer goods (30% YoY) divisions.

Ebitda margin grew 270 basis points YoY to 20.7% and Ebitda/kg was Rs 40 versus Rs 30 YoY, led by improved pricing, higher in-mould labelling share (67% of sales versus 65% YoY), installation of the printing flexography machine to reduce outsourcing and operating leverage.

Click on the attachment to read the full report:

Systematix Mold-Tek Packaging - Q4FY21 - Result Update.pdf

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