Prabhudas Lilladher has issued an 'Accumulate' rating on Mold tek Packaging with a target price of ₹730 in its research report dated July 27, 2026. According to the brokerage's analysis, the company's long-term growth drivers remain intact, supported by rising business from leading paint and FMCG companies along with improving utilization and scale-up in the pharma business.
The company reported a beat on estimates for Q4 FY26, supported by stronger than expected realization growth. EBITDA per kg improved to ₹46.9 compared to ₹41.9 in Q4 FY26 and ₹41.1 in Q1 FY26. Prabhudas Lilladher has increased its EPS estimates by 0.7% for FY27 and 2.7% for FY28, driven by maintained volume growth guidance of 10-12% despite geopolitical volatility. The brokerage expects improving capacity utilization with 70%+ utilization expected in FY27.
Key growth drivers include lubricants showing some green shoots quarter-on-quarter, higher FY27 EBITDA per kg guidance of ₹43+ (versus earlier ₹42-43/kg) on superior product mix, and sustained demand in pharma and FMCG sectors with robust client additions. According to Prabhudas Lilladher's analysis, capacity expansion at Cheyyar and Panipat facilities, coupled with increasing demand from ABG, should drive capacity utilization from FY27 onwards.
The brokerage estimates a Sales CAGR of 19.6% and EPS CAGR of 30.3% over FY26-FY28. Prabhudas Lilladher has assigned a PE multiple of 18x on June 2028 EPS, valuing the company at ₹730 per share (versus ₹703 earlier). The company's long-term growth trajectory remains supported by its diversified client base across paint, FMCG, and pharma sectors.
