Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹692, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Packaging industry in Asia. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹588 per share. Reported Earnings • May 12
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹21.93 (up from ₹18.22 in FY 2025). Revenue: ₹8.88b (up 14% from FY 2025). Net income: ₹728.7m (up 20% from FY 2025). Profit margin: 8.2% (up from 7.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Tillkännagivande • May 06
Mold-Tek Packaging Limited to Report Q4, 2026 Results on May 11, 2026 Mold-Tek Packaging Limited announced that they will report Q4, 2026 results on May 11, 2026 Declared Dividend • Apr 22
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 24th April 2026 Payment date: 20th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹567, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Packaging industry in India. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹588 per share. Price Target Changed • Feb 10
Price target decreased by 8.9% to ₹809 Down from ₹888, the current price target is an average from 9 analysts. New target price is 36% above last closing price of ₹595. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of ₹21.75 for next year compared to ₹18.22 last year. Tillkännagivande • Feb 04
Mold-Tek Packaging Limited to Report Q3, 2026 Results on Feb 09, 2026 Mold-Tek Packaging Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Buy Or Sell Opportunity • Nov 18
Now 24% overvalued Over the last 90 days, the stock has fallen 14% to ₹682. The fair value is estimated to be ₹552, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 8.9%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: ₹4.66 (vs ₹4.25 in 2Q 2025) Second quarter 2026 results: EPS: ₹4.66 (up from ₹4.25 in 2Q 2025). Revenue: ₹2.10b (up 9.8% from 2Q 2025). Net income: ₹154.8m (up 9.7% from 2Q 2025). Profit margin: 7.4% (in line with 2Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Tillkännagivande • Oct 25
Mold-Tek Packaging Limited to Report Q2, 2026 Results on Oct 29, 2025 Mold-Tek Packaging Limited announced that they will report Q2, 2026 results on Oct 29, 2025 Tillkännagivande • Sep 30
Mold-Tek Packaging Limited Approves Interim Dividend for the Financial Year Ended March 31, 2025 Mold-Tek Packaging Limited approved to confirm the payment of interim dividend paid during the year and to declare the final dividend maximum to the extent as recommended by Board that is, INR 2 (40%) per equity share of face value of INR 5 each for the financial year ended March 31, 2025. Upcoming Dividend • Sep 16
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 30 October 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). Declared Dividend • Aug 31
Dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 23rd September 2025 Payment date: 30th October 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 29
Mold-Tek Packaging Limited, Annual General Meeting, Sep 30, 2025 Mold-Tek Packaging Limited, Annual General Meeting, Sep 30, 2025, at 10:00 Indian Standard Time. Buy Or Sell Opportunity • Aug 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to ₹794. The fair value is estimated to be ₹661, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Price Target Changed • Jul 30
Price target increased by 8.0% to ₹881 Up from ₹816, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₹846. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of ₹24.65 for next year compared to ₹18.22 last year. Reported Earnings • Jul 29
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ₹6.74 (up from ₹4.97 in 1Q 2025). Revenue: ₹2.41b (up 23% from 1Q 2025). Net income: ₹224.0m (up 36% from 1Q 2025). Profit margin: 9.3% (up from 8.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 21
Mold-Tek Packaging Limited to Report Q1, 2026 Results on Jul 28, 2025 Mold-Tek Packaging Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Tillkännagivande • May 13
Mold-Tek Packaging Limited to Report Q4, 2025 Results on May 19, 2025 Mold-Tek Packaging Limited announced that they will report Q4, 2025 results on May 19, 2025 Tillkännagivande • Apr 25
Mold-Tek Packaging Limited Declares Interim Dividend for the Financial Year 2024-25 Mold-Tek Packaging Limited announced that the Board of Directors of the Company at its meeting held on April 25, 2025, have, inter-alia, declared an Interim Dividend of INR 2 /- (Rupees two only) per equity share (40 %) for the Financial Year 2024-25. Further as per letter dated April 22, 2025, the Record Date for the purpose of ascertaining the eligibility of members for payment of interim dividend shall be May 02, 2025. Price Target Changed • Feb 10
Price target decreased by 9.5% to ₹924 Down from ₹1,020, the current price target is an average from 10 analysts. New target price is 63% above last closing price of ₹567. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₹18.45 for next year compared to ₹20.07 last year. Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹4.11 (down from ₹4.28 in 3Q 2024). Revenue: ₹1.91b (up 15% from 3Q 2024). Net income: ₹136.4m (down 3.9% from 3Q 2024). Profit margin: 7.1% (down from 8.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Tillkännagivande • Feb 07
Mold-Tek Packaging Limited Announces Appointment of Ms. Harshita Suresh Chandnani as Company Secretary and Compliance Officer (Key Managerial Personnel), March 11, 2025 Mold-Tek Packaging Limited announced that at its board meeting held on February 7, 2025, appointment of Ms. Harshita Suresh Chandnani as Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from the commencement of business hours on 11th March, 2025. Ms. Harshita Suresh Chandnani is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI) with Membership No. A64959, She secured an All India Rank of 13 in the CS Foundation. She also holds a Post Graduate Diploma in Taxation Laws from Swami Ramanand § Teertha Marathwada University, Maharashtra. With over three and a half years of professional experience, she has expertise in Corporate Secretarial functions, specializing in areas such as Company Law, SEBI regulations, and related acts, rules, and regulations. Tillkännagivande • Jan 31
Mold-Tek Packaging Limited to Report Q3, 2025 Results on Feb 07, 2025 Mold-Tek Packaging Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Tillkännagivande • Dec 13
Mold-Tek Packaging Limited Announces Resignation of Subhojeet Bhattacharjee as Company Secretary Mold-Tek Packaging Limited announced that Mr. Subhojeet Bhattacharjee, has tendered his resignation from the position of Company Secretary and Compliance Officer of the Company with effect from the close of business on the 13 day of December, 2024, due to his personal preoccupations and has confirmed that there are no other material reasons for his resignation. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹4.25 (vs ₹4.73 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.25 (down from ₹4.73 in 2Q 2024). Revenue: ₹1.92b (up 13% from 2Q 2024). Net income: ₹141.1m (down 10.0% from 2Q 2024). Profit margin: 7.4% (down from 9.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Oct 31
Mold-Tek Packaging Limited to Report Q2, 2025 Results on Nov 07, 2024 Mold-Tek Packaging Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.7%). Declared Dividend • Aug 31
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 19th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.4%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 29
Mold-Tek Packaging Limited, Annual General Meeting, Sep 26, 2024 Mold-Tek Packaging Limited, Annual General Meeting, Sep 26, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹4.97 (down from ₹5.65 in 1Q 2024). Revenue: ₹1.98b (up 6.3% from 1Q 2024). Net income: ₹165.3m (down 12% from 1Q 2024). Profit margin: 8.4% (down from 10% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 02
Mold-Tek Packaging Limited Proposes Final Dividend for the Financial Year 2023-24 Mold-Tek Packaging Limited announced at the board meeting held on August 2, 2024, Recommended a final dividend of INR 1.00/- per equity hare for the financial year 2023-24 n Equity Share of face value of INR 5 each . The Board of Directors had earlier declared and paid an interim dividend of INR 2.00/- per equity share on face value of INR 5/- each at its meeting held on 3rd April 2024 . The total dividend for the aforesaid financial year thus amounts to INR 3.00/- per equity share on face value of INR 5/- each. The Final Dividend of INR 1.00/- per equity share is subject to the approval declaration of/by Members at the upcoming Annual General Meeting and the Record Date/Book Closure Period for the purpose of payment of the said Final Dividend for the financial year 2023-24 will be determined later. Tillkännagivande • Jul 26
Mold-Tek Packaging Limited to Report Q1, 2025 Results on Aug 02, 2024 Mold-Tek Packaging Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Buy Or Sell Opportunity • Jul 26
Now 21% overvalued Over the last 90 days, the stock has fallen 6.0% to ₹797. The fair value is estimated to be ₹659, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 3.1%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued Over the last 90 days, the stock has fallen 4.9% to ₹806. The fair value is estimated to be ₹664, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 3.1%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Jun 04
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹20.07 (down from ₹24.41 in FY 2023). Revenue: ₹7.00b (down 4.1% from FY 2023). Net income: ₹665.9m (down 17% from FY 2023). Profit margin: 9.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 25
Mold-Tek Packaging Limited to Report Q4, 2024 Results on May 30, 2024 Mold-Tek Packaging Limited announced that they will report Q4, 2024 results on May 30, 2024 Declared Dividend • Apr 05
Dividend reduced to ₹2.00 Dividend of ₹2.00 is 50% lower than last year. Ex-date: 12th April 2024 Payment date: 2nd May 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 91% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Apr 03
Mold-Tek Packaging Limited Declares Interim Equity Dividend for the Financial Year 2023-24, Payable on or Before 2 May, 2024 Mold-Tek Packaging Limited announced that at the Board of Directors meeting held on 3 April, 2024, have declared an Interim Equity Dividend for the Financial Year 2023-24 at the rate of 40%, that is INR 2.00 per equity share on face value of INR 5.00 per equity share. As intimated vide letter dated 29 March, 2024, the record date for reckoning the list of equity shareholders who will be entitled to receive the said interim equity dividend shall be 12 April, 2024. The interim dividend will be paid to such shareholders on or before 2 May, 2024. Reported Earnings • Feb 10
Third quarter 2024 earnings: Revenues miss analyst expectations Third quarter 2024 results: Revenue: ₹1.66b (up 6.9% from 3Q 2023). Net income: ₹142.0m (down 13% from 3Q 2023). Profit margin: 8.6% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 03
Mold-Tek Packaging Limited to Report Q3, 2024 Results on Feb 09, 2024 Mold-Tek Packaging Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹4.73 (down from ₹5.86 in 2Q 2023). Revenue: ₹1.70b (down 6.7% from 2Q 2023). Net income: ₹156.9m (down 19% from 2Q 2023). Profit margin: 9.2% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 31
Mold-Tek Packaging Limited to Report Q2, 2024 Results on Nov 07, 2023 Mold-Tek Packaging Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 11
Upcoming dividend of ₹2.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.9%). Tillkännagivande • Sep 03
Mold-Tek Packaging Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023 Mold-Tek Packaging Limited at the AGM to be held on September 26, 2023, the shareholders proposed to declare the final dividend maximum to the extend as recommended by Board i.e., INR 2.00 (40%) per equity share of face value of INR 5.00 each for the financial year ended March 31, 2023. Tillkännagivande • Aug 30
Mold-Tek Packaging Limited, Annual General Meeting, Sep 26, 2023 Mold-Tek Packaging Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Indian Standard Time. Tillkännagivande • Aug 10
Mold-Tek Packaging Limited Appoints Ponnuswamy Ramnath as Additional Director The Board of Directors of the Mold-Tek Packaging Limited based on the recommendation of the Nomination and Remuneration Committee approved theappointment of Mr. Ponnuswamy Ramnath as an Additional Director (Category: Non-Executive, Independent) on the Board of the Company with effect from 17th August, 2023. Mr. Ponnuswamy Ramnath has extensive experience in sales and marketing, business development, strategy, operations and has managed businesses across diverse industries such as petrochemicals, building products, chemicals/specialty chemicals, paper and packaging board, base metals (copper) & precious metals across MNCs and Indian Corporates. Over a career spanning 30 + years, he has built-up market for new products from scratch, acquired businesses, established new applications, set up new projects and managed businesses with turnover up to 21,000 Crores (USD 3.5 Billion) with highprofitability and ROCE and has worked/was associated with esteemed organizations like Reliance Industries Limited, Vedanta Limited, J.K. Paper Limited, Jubilant Life Sciences Ltd., Praxair India Limited, Bakelite Hylam Limited etc. Currently he is acting as the Managing Partner - CEO Practice- Metals, Mining and Chemicals of Gladwin International & Company. Reported Earnings • Aug 05
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ₹5.65 (down from ₹6.27 in 1Q 2023). Revenue: ₹1.87b (down 4.4% from 1Q 2023). Net income: ₹187.3m (down 8.9% from 1Q 2023). Profit margin: 10.0% (in line with 1Q 2023). Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 29
Mold-Tek Packaging Limited to Report Q1, 2024 Results on Aug 04, 2023 Mold-Tek Packaging Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 05
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹24.27 (up from ₹22.12 in FY 2022). Revenue: ₹7.31b (up 16% from FY 2022). Net income: ₹804.3m (up 26% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 04
Mold-Tek Packaging Limited Recommends Final Dividend for the Financial Year 2022-23 The board of directors of Mold-Tek Packaging Limited meeting held on May 3, 2023, recommended a final dividend of INR 2.00 per equity share for the financial year 2022-23 on equity shares of face value of INR 5 each. The Board of Directors had earlier declared and paid an interim dividend of INR 4.00 per equity share on face value of INR 5 each at its meeting held on 12th April, 2023. The total dividend for the aforesaid financial year thus amounts to INR 6.00 per equity share on face value of INR 5 each. The Final Dividend of INR 2.00 per equity share is subject to the approval/declaration of/by Members at the upcoming Annual General Meeting and the Record Date/Book Closure Period for the purpose of payment of the said Final Dividend for the financial year 2022-23 will be determined later. Board Change • Mar 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Non-Executive Independent Woman Director Madhuri Venkata Viswanadham was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Feb 24
Price target increased by 12% to ₹1,094 Up from ₹979, the current price target is an average from 5 analysts. New target price is 14% above last closing price of ₹956. Stock is up 42% over the past year. The company is forecast to post earnings per share of ₹24.78 for next year compared to ₹22.12 last year. Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: ₹4.92 (vs ₹5.80 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.92 (down from ₹5.80 in 3Q 2022). Revenue: ₹1.55b (down 3.1% from 3Q 2022). Net income: ₹163.1m (down 2.1% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target increased to ₹919 Up from ₹847, the current price target is an average from 7 analysts. New target price is 8.4% above last closing price of ₹847. Stock is up 18% over the past year. The company is forecast to post earnings per share of ₹27.19 for next year compared to ₹22.12 last year. Upcoming Dividend • Sep 15
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Reported Earnings • Sep 06
Full year 2022 earnings released: EPS: ₹22.12 (vs ₹16.82 in FY 2021) Full year 2022 results: EPS: ₹22.12 (up from ₹16.82 in FY 2021). Revenue: ₹6.31b (up 32% from FY 2021). Net income: ₹636.5m (up 33% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 11
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₹22.12 (up from ₹16.82 in FY 2021). Revenue: ₹6.33b (up 32% from FY 2021). Net income: ₹636.5m (up 33% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 15%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to ₹775 Up from ₹709, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹804. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₹22.69 for next year compared to ₹16.82 last year. Price Target Changed • Feb 02
Price target increased to ₹771 Up from ₹709, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₹760. Stock is up 121% over the past year. The company is forecast to post earnings per share of ₹23.40 for next year compared to ₹16.82 last year. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹5.80 (up from ₹5.26 in 3Q 2021). Revenue: ₹1.60b (up 20% from 3Q 2021). Net income: ₹166.6m (up 12% from 3Q 2021). Profit margin: 10% (in line with 3Q 2021). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 12%, compared to a 8.1% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 13
Price target increased to ₹686 Up from ₹610, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₹717. Stock is up 142% over the past year. The company is forecast to post earnings per share of ₹23.15 for next year compared to ₹16.82 last year. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS ₹6.23 (vs ₹4.85 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹1.60b (up 34% from 2Q 2021). Net income: ₹175.9m (up 31% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 15% share price gain to ₹673, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Packaging industry in India. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹450 per share. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 20% share price gain to ₹578, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Packaging industry in India. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹448 per share. Recent Insider Transactions • Aug 14
Insider recently sold ₹78m worth of stock On the 6th of August, Adhivishnu Mythri sold around 150k shares on-market at roughly ₹517 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹163m more than they bought in the last 12 months. Price Target Changed • Aug 01
Price target increased to ₹569 Up from ₹526, the current price target is an average from 5 analysts. New target price is 7.9% above last closing price of ₹527. Stock is up 130% over the past year. Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS ₹4.32 (vs ₹0.55 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹1.34b (up 105% from 1Q 2021). Net income: ₹120.8m (up ₹105.7m from 1Q 2021). Profit margin: 9.0% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Recent Insider Transactions • Jul 07
Deputy MD & Executive Director recently sold ₹1.2m worth of stock On the 29th of June, Pattabhi Rao sold around 3k shares on-market at roughly ₹482 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹4.8m. Insiders have been net sellers, collectively disposing of ₹7.0m more than they bought in the last 12 months.