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Model Note · MOLD-TEK PACKAGING LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
MOLD-TEK PACKAGING LTD Discounted cash flow · base FY22
MOLD-TEK PACKAGING LTD
Value per share, this model₹182
CMP 2026-09-10₹672.50
Difference(72.9)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of MOLD-TEK PACKAGING LTD, built on its filed FY22 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
30% a year
FY22 31.9% · 5-yr CAGR —%
EBITDA margin
19.1%
FY22 19.1% · 5-yr average 18.2%
Depreciation · capex, % of revenue
4.2% · 8.3%, fading to 1.2× depreciation
FY22 4.2% · 8.3%
Working capital, % of added revenue · tax
33.4% · 26.4%
122 working-capital days · effective 26.4%
Discount rate
11.00%
1-yr beta 0.86
After FY27
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹40 · ₹0 · ₹0 cr
FY22 net debt ₹40 cr
Shares
3.32 crore
3.32 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY22
FY23
FY24
FY25
FY26
FY27
Revenue
631
821
1,067
1,387
1,804
2,345
growth %
31.9
30.0
30.0
30.0
30.0
30.0
EBITDA
121
157
204
265
344
448
Depreciation
(26)
(34)
(45)
(58)
(76)
(98)
NOPAT
69
90
117
152
198
257
less capex
(52)
(68)
(80)
(93)
(106)
(118)
less working-capital build
—
(63)
(82)
(107)
(139)
(181)
Free cash flow to firm
—
(7)
(0)
11
29
57
Present value
(7)
(0)
8
20
35
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · MOLD-TEK PACKAGING LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
57
PV of the terminal value (91% of EV)
589
Enterprise value
646
less net debt
(40)
less non-controlling interest
0
add non-operating investments
0
Equity value
606
÷ 3.32 crore shares
₹182
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
190
207
228
254
287
10.5%
171
186
203
224
249
11.0%
156
168
182
199
220
11.5%
142
153
165
179
196
12.0%
130
139
150
162
176
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
