
Mold-Tek Packaging Ltd Q2 FY25 Earnings Call Analysis
Revenue, margin, capex, fundraise and order book outlook from management commentary.
Management growth scorecard
Revenue
Category 3
Margin
Category 3
Fundraise
Yes
Order
Yes
Capex
Yes
3 of 5 growth signals are positive.
Full analysisRevenue guidance
Category 3- H2 FY25 expected to be better than H1 due to all plants being operational and pharma contribution increasing from Q3-Q4.
- Pharma segment projected to grow significantly with Rs. 30-50 crores revenue expected in FY25 and Rs. 60 crores+ capacity potential.
- FY27 revenue expected to exceed Rs. 1000 crores.
- Paint segment volume growth expected at 12-15% from next year, improving from 7-8% this year.
- Qpack segment showing strong growth (around 14.53% contribution).
- Printing capacity to increase by 60-70% by early FY26, aiding higher sales.
- EBITDA margins expected to improve with better capacity utilization.
- Asset turnover ratio expected to improve to around 2.5 from below 2 currently.
- Pharma capacity utilization projected to reach 50%+ in FY26.
- Food & FMCG segment expected to see double-digit growth once new facilities are fully operational.
See what Mold-Tek Packaging Ltd management said on margin guidance — free account, 30 seconds.
Fundraise plans
Yes- No explicit mention of any current or planned fundraising through debt or equity in the transcript provided.
- The company has been making significant investments via internal accruals and CAPEX, with current year CAPEX expected around Rs. 85-90 crores, possibly reaching Rs. 100 crores by year-end.
- Expansion and capacity additions, including pharma and printing facilities, are funded through these investments.
- No direct references to issuing new debt or equity for funding were discussed during the Q2 FY25 call.
- The focus is on capacity ramp-up, especially in pharma and IML printing, to drive future growth rather than external fundraising.
See what Mold-Tek Packaging Ltd management said on order book — free account, 30 seconds.
Capex plans
Yes- Current year FY25 CAPEX expected around Rs. 85-90 crores, higher than the initial Rs. 60 crores estimate due to additional printing and die-cutting machines.
- Pharma segment CAPEX around Rs. 34 crores this year, forming part of the overall Rs. 90-100 crores investment including pharma molds and machines.
- Pharma investment since last 2 years totals approximately Rs. 90 crores; total investment expected to be close to Rs. 100 crores by end of this year.
- FY26 CAPEX guidance tentative: expected to be around Rs. 50-60 crores, lower than current year as no greenfield projects planned; final commentary closer to year-end.
- Major upcoming capacity expansion includes 60-70% increase in IML printing capacity by January-February FY26, fully operational by April.
- Expansion underway at Panipat, Cheyyar, and Mahad plants to meet growing demand, especially from Aditya Birla Group.
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