This small-cap packaging company delivered over 200% returns to its investors over the last two years!

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:09 pm

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 An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.28 lakh today.

Mold-Tek Packaging Ltd (MTPL), an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 286.50 on 15 December 2020 to Rs 940.05 on 16 December 2022, an increase of 228% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.28 lakh today.

Mold-Tek Packaging (MTPL) is the leader in rigid plastic packaging in India. The company is involved in the manufacturing of injection moulded containers for lubes, paints, food and other products. MTPL has seven processing plants and three stock points spread across India to ensure faster supplies. As a pioneer and innovator of pail packaging in India, Mold-Tek has introduced spouts and In-Mold spout concepts for the paint and lube pails. With in-house manufacturing capability in place, it is not dependent on imports.

In the recent quarter Q2FY23, on a standalone basis, the company’s net revenue increased by 14.43% YoY to Rs 182.55 crore. Similarly, the bottom line increased by 10.36% YoY to Rs 19.42.

The company is currently trading at a TTM PE of 41.45x against the industry PE of 20.78x. In FY22, the company delivered an ROE & ROCE of 18% and 22%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 3,106.22 crore.

Today, the scrip opened at Rs 940 and has touched a high and low of Rs 942.40 and Rs 933.70, respectively. So far 4164 shares have been traded on the bourses.

At 1.05 pm, the shares of Mold-Tek Packaging Ltd were trading at Rs 942.95, an increase of 0.31% from the previous closing price of Rs 940.05 on BSE. The stock has a 52-week high & low of Rs 1057.85 and Rs 648.05, respectively on BSE.

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