05.05.2019
AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:
MOLD-TEK TECHNOLOGIES LTD (CMP 51.75)
Target - 100 - 110, SL - 40 Time Frame 18 to 60 Months
Mold-Tek
group is a $ 65 million group that has 2 listed companies named Mold-Tek
Packaging and Mold-Tek Technologies. Mold-Tek Technologies Limited (MTTL) is a
leading Engineering Services provider in India. Headquartered in Hyderabad,
MTTL specializes in providing IT, Civil, Structural and Mechanical Engineering
services to its clients located across the globe. It has a strong team of world
class resources with a variety of skill sets and is complemented by two
subsidiaries in USA ?Crossroads Detailing Inc., Avon, IN & RMM Global Inc.,
Akron, OH. Mold-Tek serves over 200 clients in varied verticals across North
America, Europe,Asia Pacific and Middle East. It has consistently helped
clients cut down design and development costs of Civil, Structural, Mechanical
and Plant design engineering projects by 30-40% and delivered technologically superior
output to match and exceed expectations. Mold-Tek has an inhouse software
development team, quality control training and troubleshooting facilities.
Mold-Tek is the only listed, most well established company in the
country
providing civil engineering services. It is the fastest growing mechanical engineering
services provider in the field, with core expertise in Automotive, Poles &
Towers and Oil & Gas domains. Leaving no stone unturned, Mold-Tek has
entered the most potential cloud services business and is reaping benefits in
the EU and US markets. It is one of the two silver partners of Sales force in
South India and the only SKUID partner for the entire EU and Asia. With such an
edge over other outsourcing firms, Mold-Tek's IT division has seen more than
100 clients, in just 2 years.It has an equity base of just Rs.5.57crore that is
supported by reserves of around Rs.45.12crore.
The
Promoters hold 50.27% while the investing public holds 49.73% stake in the
company.Company has posted superb numbers for FY19. During Q4FY19, its PAT
zoomed 371.4% to Rs.3.63crore from Rs.0.77crore on 34.4% higher sales of
Rs.24.42crore fetching an EPS of Rs.1.31. For FY19, its PAT zoomed 115.43% to
Rs.11.92crore from Rs.5.53crore in FY18 on 20.93% higher sales of Rs.89.38crore
fetching an EPS of Rs.4.31. Currently, the stock trades at a P/E of 12x.
MTTL
is a regular dividend paying company and it has paid 40% interim dividend for
FY19 and declared 30% final dividend for FY19.
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