Mold-Tek Packaging Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Mold-Tek Packaging Ltd trades at ₹676, in a confirmed uptrend and 14 weeks into that stage. That is +3.2% against its own 200-day average. It sits at 75% of a 52-week range of ₹483 to ₹742. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a confirmed uptrend — week 14 of stage 2, confirmed. At ₹676 it trades +3.2% versus its 200-day average and sits at 75% of its 52-week range (₹483–₹742).

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +438% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-09-04) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Mold-Tek Packaging Ltd trades at 29.6× P/E, mid-range by its own standards (39th percentile). Its long-run median P/E is 31.7×, measured across 10.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 29.6× is mid-range by its own standards (39th percentile), against a long-run median of 31.7× measured over 10.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +20.4% against a −18.0% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +6.2%/yr price move, ~+1.5%/yr came from earnings growth and ~+4.7 pp from the multiple (expanding); over 10y, of the +12.9%/yr price move, ~+9.3%/yr came from earnings growth and ~+3.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Mold-Tek Packaging Ltd was paying for profit growth of about 19.4% a year. Profit itself has compounded 11.8% a year over the past 10 years. Today the market pays 29.6× P/E, the 39th percentile of its own 10-year range.

What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is above what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Mold-Tek Packaging Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 6 quarters ago at −8.7% and has held its recovery at +15.2%, ROCE holding at 14.8%. The read is built from 12 quarters across 4 curves, on full evidence.

Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.

4-Factor Sector Score

41.3/100 — rank 5 of 6 in Packaging - FMCG/Consumers · 100% evidence confidence

Mold-Tek Packaging Ltd scores 41.3 out of 100 against the 6 companies it is compared with in Packaging - FMCG/Consumers, ranking 5. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 19.7 + 10.9 + 8.9 + 1.8 = 41.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Mold-Tek Packaging Ltd reported ₹300 Cr of revenue in the Jun 26 quarter, +24.5% year on year. That is the 9th straight quarter of year-on-year growth. Over 10 years it has compounded at 12.8% a year. The last full year, FY26, came in at ₹887 Cr. The last four reported quarters add to ₹946 Cr.

FY26 revenue came in at ₹887 Cr (+13.6% on the year), capping 10 years at 12.8% compound. The latest quarter (Jun 26) printed ₹300 Cr, +24.5% year on year — the 9th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +13.8% growth against the decade's 12.8% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +14.5% over the last 4 quarters against +15.5%/yr over the last 8 — stabilising; TTM profit +15.2% vs +8.1%/yr — accelerating.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Mold-Tek Packaging Ltd's operating margin is 19.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 15.0% to 20.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 19.0%, +0.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 15.0%–20.0%.

🚨 Why the margin moved: operating margin went −0.9 pp year on year while gross margin went −3.0 pp — the loss came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Mold-Tek Packaging Ltd earned ₹26.0 Cr of net profit in the Jun 26 quarter, +18.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹73.0 Cr. The 10-year compound rate is 11.8%. That is 8.7% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.

Jun 26 profit was ₹26.0 Cr, +18.2% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹73.0 Cr (+19.7%), and the 10-year compound rate is 11.8%.

Why profit moved: revenue contributed +24.5% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +14.1% vs revenue +13.8%. Profit and revenue are moving roughly in step.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 156% of Mold-Tek Packaging Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹125 Cr of operating cash against ₹73.0 Cr of profit. After ₹115 Cr of capital spending, ₹10.0 Cr was left as free cash.

FY26: operating cash of ₹125 Cr against reported profit of ₹73.0 Cr, leaving free cash of ₹10.0 Cr after ₹115 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 156% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 156%: the cash cycle stretched 14 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 2.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Mold-Tek Packaging Ltd's cash conversion cycle runs 144 days in FY26, up from 130 days in FY21. Capital spending ran ₹390 Cr over the last 3 years. At FY26 sales of ₹887 Cr each day of that cycle holds about ₹2.4 Cr, so roughly ₹350 Cr sits inside the business at any moment.

FY26: debtors at 72 days, inventory at 148 days — roughly 4.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 144 days, looser than FY21's 130.

The full loop: cash goes out to suppliers and production on day 0; stock waits 148 days to sell; customers pay about 72 days after that; and suppliers themselves are paid at 77 days — netting out to the 144-day cycle.

In money terms: at FY26 sales of ₹887 Cr, each day of the cycle holds about ₹2.4 Cr — so the 144-day loop keeps roughly ₹350 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹390 Cr over the last 3 fiscal years against ₹146 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹14.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Mold-Tek Packaging Ltd earns a ROCE of 13% in FY26. That is up from a trough of 12% in FY25. Return on invested capital clears the cost of that capital by −2.2 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 8.2% net margin on 0.84× asset turns.

FY26 ROCE is 13%, recovered from a FY25 trough of 12% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 8.2% net margin × 0.84× asset turns × 1.53× balance-sheet leverage ≈ 10.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 9.8% − 12.0% = a −2.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Mold-Tek Packaging Ltd carries total debt of ₹220 Cr against shareholder equity of ₹690 Cr as of Mar 26, a debt-to-equity of 0.32. On the annual view that ratio went from 0.10 in FY22 to 0.32 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹220 Cr against shareholder equity of ₹690 Cr — a debt-to-equity of 0.32. On the annual view, debt-to-equity went from 0.10 (FY22) to 0.32 (FY26). Read the returns on this page with that leverage in mind.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 6.1 points of Mold-Tek Packaging Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 8.3% of the company. Domestic institutions moved −0.9 points over the same window, to 21.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −6.1 points over 8 quarters to 8.3%; Domestic institutions: −0.9 points over 8 quarters to 21.8%; Promoters: +0.5 points over 8 quarters to 33.2%.

🚨 Why the register moved: foreign institutions drove it (−6.1 points), alongside domestic institutions (−0.9 points) — distribution into the market’s bid.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Mold-Tek Packaging Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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