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Hold Mold-Tek Packaging; target of Rs 935: ICICI Direct

ICICI Direct recommended hold rating on Mold-Tek Packaging with a target price of Rs 935 in its research report dated July 29, 2022.

July 31, 2022 / 01:50 PM IST
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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 ~18%, 19% respectively (3-year average).


We maintain our HOLD rating on the stock. We value the stock at Rs 935 i.e. 30x P/E on FY24E EPS.


For all recommendations report, click here

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Mold-Tek Packaging - 290722 - ici

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first published: Jul 31, 2022 01:50 pm
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