Mold-Tek Packaging Limited is involved in the manufacturing of injection molded containers for lubes, paints food, FMCG and other products. Mold-Tek Packaging Limited is the leader in rigid plastic Packaging in India with 25% market share.
Company clientele include Castrol, Exxon, Shell, Valvoline, Gulf, IOCL, HPCL, BPCL, Asian Paints, Kansai Nerolac Paints, Akzonobel (ICI Paints), Amul, Cadbury, Heinz, Hindustan Unilever. Company also exports to UAE, Singapore, Malaysia, Nepal and Bangladesh.
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Mold-Tek Packaging reported better than expected numbers. In an interview to CNBC-TV18, on 7th June 2017, Laxman J Rao, CMD of the company spoke about the results, GST and his outlook for the company.Goods and services tax (GST) will help us favourably because unused portion of sales tax which we could not use for all the local purchases, we will be in a position to use going forward, said Rao.According to him, 52.7 percent of revenue comes from In Mould Labeling (IML) or labelled container.On IML front, he said robotic operations enhance and enable the container to come out readily decorated of the mould. So there is no hand contact, it's completely hygienic. It can be used for food and pharma," he added
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Mold-Tek Packaging is the only company with integrated facilities for manufacturing In-Mold labeled containers and is India’s fastest growing packaging company with CAGR of 20%. To meet increasing demand and to tap opportunities in other consumer segments, company is about to set manufacturing units in UAE, Andhra Pradesh and North India. Company has already raised 55 Crores through QIP route and is working towards capacity expansion to cater the growing demand during next 2-3 years.
Mold-Tek Product Range
- 100ml to 5ltrs Thin wall containers
- Injection Molded, 750ml to 75ltrs plastic pails (with in-mould or external spouts), for packing lubes, greases, chemicals, paints, Bulk Drugs, Inks, Synthetic Adhesives
- 35, 50 & 75 liters bulk packs for chemicals, agro and other applications
LUBES: 1/2 ltre to 25 litre for Lubes and Grease packs
FOOD & FMCG: 100 ml to 1000 ml thin wall containers
Strong Clientele from Oil, Paint, FMCG and Food Sector:
Mold-Tek offers integrated cost-effective In Mold Labeling (IML) solution with in house label manufacturing and die-cutting machines to enable quick production:
- Lower prices for IML decoration complying with international standards
- Quick delivery, customizability and maintenance
- No chance of a stock out situation due to in house labels/mould maintenance
In Mold Labeling (IML) – World Best Technique
The advantages of IML over traditional decoration include:
- IML offers outstanding quality decoration, and picture quality.
- Photographic quality and complete container coverage.
- The IML operations are hands free as handling is done by ROBOTS. Thereby the packaging is hygienic for D2F (Direct to fill) operations.
- IML can assist in improving the barrier properties to extend the shelf life of the filled goods.
- The label becomes an integral part of the pail and offers a no-label look. It offers better heat, moisture and chemical resistance.
Mold-Tek is taking all necessary steps to increase product offerings by expanding its product range. Company offers Food & FMCG packaging solutions with superior technology, in house tool room, robots, hot runner and IML labels. Mold-Tek is a dominant player with strong clientele which include companies like Castrol, Heinz, Asian Paints, ICI Paints, HUL, ITC, Cadbury, Indian Oil, British Petroleum etc.
Management has rewarded shareholders by paying consistent dividend since last 7 years. Company has been maintaining a healthy dividend payout above 27% during last 5 years, dividend yield at current market price is 1.4%. With expected increase in revenue and profitability in coming quarters, we believe company dividend payout will increase going forward.
