BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Mold-Tek Packaging Ltd.'s Q2 FY23 result was below our and consensus estimates on key parameters as earnings were impacted due to semiconductor shortage in automated machines (printing lines, robotics) which led to loss in productivity impacting sales and higher maintenance cost.
On a positive note, despite 3-4% loss in net sales, the company managed to maintain Ebitda/kilogram at Rs 41. Net sales increased by 14.4% YoY to Rs 1,826 million, while Ebitda came in at Rs 341 million, marginally higher by 6.4% YoY.
Mold-Tek Packaging reported net profit of Rs 194 million, higher by 10.4% over Q2 FY22.
We have broadly maintained our earnings estimates, however, given the robust capacity addition, new products launches and Ebitda/kg improvement; we believe the stock is poised for valuation re-rating.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
