Whalesbook
Prabhudas Lilladher ne Mold-Tek Packaging (MTEP) ke liye FY27 aur FY28 ke liye earnings estimates 1.4% aur 1.9% tak badha diye hain. Brokerage ne apni 'Accumulate' rating ko barkarar rakha hai aur target price ko jump dekar ₹662 kar diya hai. Ye upgrade tab aaya hai jab company ne badhti raw material costs ko offset karne ke liye smart tarike se apne products ke price badhaye hain aur aage demand bhi zabardast rehne ki ummeed hai. Analysts ko lagta hai ki volume aur EBITDA dono mein double-digit growth milega.
Asal mein, jab raw material ke daam badhe, toh MTEP ne apne products ke price increase kiye, jisse EBITDA per kilogram ₹41.9 par maintain raha. Is strategy aur achhi demand ko dekh kar hi estimates change kiye gaye hain. Forecast ye hai ki FY27 tak capacity utilization 68% se upar chala jayega. Pharma aur FMCG sectors se solid demand aa rahi hai, aur kuch naye clients bhi jud rahe hain, jo company ke liye bahut achha sign hai.
Market ki baat karein toh, Indian packaging sector bhi next 5 saal mein 12-15% CAGR se grow karne wala hai. MTEP jo pharma aur FMCG jaise high-growth segments par focus kar raha hai, aur Cheyyar & Panipat mein apni capacity badha raha hai, woh is growth ka fayda uthane ke liye position mein hai. Lekin haan, raw material ke daam, jo crude oil se linked hain, unke fluctuations profit margins par asar daal sakte hain. Yeh ek concern rehne wali baat hai.
Company ka current stock price ₹557.30 ke aas paas tha (May 12, 2026 ko). Market cap ₹73.78 billion hai aur P/E ratio 38.59 hai. Agar growth forecasts ke mutabik nahi hua ya competition badh gaya, toh yeh premium valuation thoda risky ho sakta hai. Naye clients lana aur capacity expansion successful banana critical hai future performance ke liye.
Future ki baat karein toh, Prabhudas Lilladher ko lagta hai ki MTEP FY26 se FY28 ke beech 16% sales CAGR aur 29.4% EPS CAGR achieve karega. Ye ₹662 ka target price March 2028 ki earnings par 18x P/E multiple ke hisaab se set kiya gaya hai.