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MOLD-TEK PACKAGING 2020-21 Annual Report Analysis
Wed, 31 Mar

MOLD-TEK PACKAGING has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

MOLD-TEK PACKAGING Income Statement Analysis

  • Operating income during the year rose 9.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 23.1% YoY during the fiscal. Operating profit margins witnessed a fall and down at 19.8% in FY21 as against 17.5% in FY20.
  • Depreciation charges increased by 11.9% and finance costs decreased by 3.9% YoY, respectively.
  • Other income declined by 23.1% YoY.
  • Net profit for the year grew by 28.1% YoY.
  • Net profit margins during the year grew from 8.5% in FY20 to 10.0% in FY21.

MOLD-TEK PACKAGING Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 4,382 4,789 9.3%
Other income Rs m 12 9 -23.1%
Total Revenues Rs m 4,394 4,798 9.2%
Gross profit Rs m 768 946 23.1%
Depreciation Rs m 192 215 11.9%
Interest Rs m 105 100 -3.9%
Profit before tax Rs m 483 639 32.3%
Tax Rs m 109 160 46.7%
Profit after tax Rs m 374 480 28.1%
Gross profit margin % 17.5 19.8
Effective tax rate % 22.5 25.0
Net profit margin % 8.5 10.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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MOLD-TEK PACKAGING Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 2 billion as compared to Rs 1 billion in FY20, thereby witnessing an increase of 17.7%.
  • Long-term debt down at Rs 166 million as compared to Rs 252 million during FY20, a fall of 34.0%.
  • Current assets rose 32% and stood at Rs 2 billion, while fixed assets rose 13% and stood at Rs 3 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 5 billion as against Rs 4 billion during FY20, thereby witnessing a growth of 20%.

MOLD-TEK PACKAGING Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 1,971 2,403 21.9
 
Current Liabilities Rs m 1,389 1,636 17.7
Long-term Debt Rs m 252 166 -34.0
Total Liabilities Rs m 3,759 4,517 20.2
 
Current assets Rs m 1,409 1,856 31.7
Fixed Assets Rs m 2,350 2,662 13.3
Total Assets Rs m 3,759 4,517 20.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



MOLD-TEK PACKAGING Cash Flow Statement Analysis

  • MOLD-TEK PACKAGING's cash flow from operating activities (CFO) during FY21 stood at Rs 684 million, an improvement of 14.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -588 million, an improvement of 127.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -96 million, an improvement of 72% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 1 million from the Rs 2 million net cash flows seen during FY20.

MOLD-TEK PACKAGING Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 599 684 14.2%
Cash Flow from Investing Activities Rs m -258 -588 -
Cash Flow from Financing Activities Rs m -339 -96 -
Net Cash Flow Rs m 2 1 -66.7%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for MOLD-TEK PACKAGING

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 16.9, an improvement from the EPS of Rs 13.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 392.7, stands at 27.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.4 times, while the price to sales ratio stands at 2.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 158.0 169.1
TTM Earnings per share Rs 13.5 16.9
Diluted earnings per share Rs 11.3 14.5
Price to Cash Flow x 10.1 11.8
TTM P/E ratio x 15.3 27.0
Price / Book Value ratio x 3.3 3.4
Market Cap Rs m 6,488 8,218
Dividends per share (Unadj.) Rs 5.0 7.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for MOLD-TEK PACKAGING

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.1x during FY21, from 1.0x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 7.4x during FY21, from 5.6x during FY20. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 20.0% during FY21, from 19.0% during FY21. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 28.8% during FY21, from 26.4% during FY20. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 12.8% during FY21, from 12.7% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 1.0 1.1
Debtors’ Days Days 491 687
Interest coverage x 5.6 7.4
Debt to equity ratio x 0.1 0.1
Return on assets % 12.7 12.8
Return on equity % 19.0 20.0
Return on capital employed % 26.4 28.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how MOLD-TEK PACKAGING has performed over the last 5 years, please visit here.

MOLD-TEK PACKAGING Share Price Performance

Over the last one year, MOLD-TEK PACKAGING share price has moved up from Rs 173.3 to Rs 392.7, registering a gain of Rs 219.4 or around 126.6%.

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for MOLD-TEK PACKAGING and quarterly results for MOLD-TEK PACKAGING)

Annual Report FAQs

What is the current share price of MOLD-TEK PACKAGING?

MOLD-TEK PACKAGING currently trades at Rs 955.3 per share. You can check out the latest share price performance of MOLD-TEK PACKAGING here...

What was the revenue of MOLD-TEK PACKAGING in FY21? How does it compare to earlier years?

The revenues of MOLD-TEK PACKAGING stood at Rs 4,798 m in FY21, which was up 9.2% compared to Rs 4,394 m reported in FY20.

MOLD-TEK PACKAGING's revenue has grown from Rs 2,651 m in FY17 to Rs 4,798 m in FY21.

Over the past 5 years, the revenue of MOLD-TEK PACKAGING has grown at a CAGR of 16.0%.

What was the net profit of MOLD-TEK PACKAGING in FY21? How does it compare to earlier years?

The net profit of MOLD-TEK PACKAGING stood at Rs 480 m in FY21, which was up 28.1% compared to Rs 374 m reported in FY20.

This compares to a net profit of Rs 319 m in FY19 and a net profit of Rs 278 m in FY18.

Over the past 5 years, MOLD-TEK PACKAGING net profit has grown at a CAGR of 18.7%.

What does the cash flow statement of MOLD-TEK PACKAGING reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of MOLD-TEK PACKAGING reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 684 m as compared to Rs 599 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -588 m as compared to Rs -258 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -96 m as compared to Rs -339 m in FY20.

Here's the cash flow statement of MOLD-TEK PACKAGING for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations22769835599684
From Investments-343-420-756-258-588
From Financial Activity115351-79-339-96
Net Cashflow-20021

What does the Key Ratio analysis of MOLD-TEK PACKAGING reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of MOLD-TEK PACKAGING reveals:

  • Operating profit margins witnessed a fall and down at 19.8% in FY21 as against 17.5% in FY20.
  • Net profit margins grew from 8.5% in FY20 to 10.0% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.1 as compared to 0.1 in FY20.

Here's the ratio/financial analysis of MOLD-TEK PACKAGING for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)19.118.417.417.519.8
Net Profit Margin (%)9.18.37.98.510.0
Debt to Equity Ratio (x)0.10.00.10.10.1

Equitymaster requests your view! Post a comment on "MOLD-TEK PACKAGING 2020-21 Annual Report Analysis". Click here!

1 Responses to "MOLD-TEK PACKAGING 2020-21 Annual Report Analysis"

Mohd jahangir

Nov 24, 2021

Shall we take an entry now. Thanks

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