|Stock Name : Mold-Tek Packaging/Tips Open||Buy : 260||Posted Date : Nov 9, 2020|
|Stopless/Horizon : 247||Target : 300||Results Achieved (Yes/No) :|
Overview: Mold-Tek Packaging limited (MTPL) operates in Plastics sector.It is a Small Cap company with a market capital of Rs 714.53 Crore.
About the company: Mold-Tek Packaging limited was established at Hyderabad, Andhra Pradesh and became a publicly listed enterprise 1993.
MTPL is engaged in the manufacturing of Plastic Packaging Products such as Containers for Pharma & Cosmetics, Child Resistant Caps & Bottles, Pharma Pack Pouches and Blow moulded shampoo and medicine packs. MTPL also specializes in standard and made-to-order packaging solutions for leading brands of Paints, Lubricants, Pharmaceuticals, Cosmetics and FMCGs etc.
With 25% market share, Mold-Tek Packaging Limited is the leader in rigid plastic packaging in India.
MTPL has seven ISO certified processing plants and three stock points spread across India with a huge injection moulding capacity of around 20000 TPA.
MTPL’s Food, FMCG & Pharmaceutical Industriesclients include ITC, P&G, Himalaya, Amul, Nestle, Dabur, Unilever, Pepsi, Ranbaxy, Parle and much more.
Clients from Paint Industry includes Berger, Apollo Paints, Kansai Nerolac, Sheenlac paints etc. and their Lubricant & Grease Industryclients are Shell, Gulf, Castrol, BP, Bharat Petroleum, Indian Oil, HP etc.
Management: Mr J Lakshmana Rao is the Chairman & Managing Director of the company.
Shareholding Pattern (As on 30-09-2020):
• Promoters: 34.76
• Foreign Institutions: 9.38
• NBFC and Mutual Funds : 12.21
• Others: 4.61
• General Public: 38.36
• Financial Institutions: 0.70
Dividend: Mold-Tek Packaging has not declared any dividend for the last several years.
Sales Report:For the quarter ended on 30th June 2020, Mold-Tek Packaging has posted a Consolidated sale of Rs 65.30 Crore, which is down by -38.69 % from previous quarter’s Sales of Rs 106.50 Crore and down by -44.00 % fromlast year’scorresponding period’s Sales of Rs 116.61 Crore.
Right entitlements:The rights issue of Mold-Tek Packaging was opened for subscription from 28th of October 2020. MTPL issued right entitlements (RE’s) and warrants to anyone who holds its shares as on October 22, 2020 (record date). The RE’s will be temporarily traded on the stock exchanges and will then be extinguished. Investors can either use the REs to apply for the rights shares of Mold-Tek Packaging or can sell them in the market. The issue will close on the 11th of November 2020, whereas the RE trading period will end on the 6th of November 2020.
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