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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 -
- Steady state high single digit to low double digit volume growth in user industries (8-12% plus),
- 23% increase in capacity over FY20-23
- 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.
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