Ashish Kacholia Portfolio: Ashish Kacholia, popularly known as the ‘Big Whale’ of the Indian stock market, has booked a partial profit in one of the Saurabh Mukherjee portfolio stocks Mold-Tech Packaging Ltd during the April to June 2022 quarter. In Q1FY23, Ashish Kacholia reduced his stake in the company from 3.09 per cent to 1.89 per cent, selling 3,42,106 shares of the company.
Ashish Kacholia’s stake in Mold-Tech Packaging
As per the shareholding pattern of MOLD-TECH PACKAGING LTD For the April to June 2022 quarter, Ashish Kacholia holds 6,24,340 shares of the company, which is 1.89 per cent of its net paid-up capital. However, from January to March 2022, Ashish Kacholia held 9,66,446 shares or 3.09 per cent stake in the company. This means ‘Big Whale’ trimmed stake in the company during April to June 2022 after booking a partial profit over the counter during the June 2022 quarter. He sold 3,42,106 shares of the company, which is about 1.20 per cent of the total paid-up capital of the company.
Saurabh Mukherjee Portfolio
Mold-Tech Packaging is one of the smallest stocks in Saurabh Mukherjee’s portfolio. Saurabh Mukherjee’s Little Champion portfolio consists of 16 stocks, a mix of small-cap and mid-cap stocks.
However, brokerage Prabhudas Lilladher has given an ‘accumulate’ rating, citing Mold-Tech Packaging shares, “With a strong focus on technologically advanced niche products, we expect EBITDA per kg to increase by Rs. 41 in FY 2012 44 in FY 24. We anticipate a sales and PAT CAGR of 21.8%/36.2% during FY 22-24 and change our rating to 781 (21xMarch 24 EPS) with a target price of Rs 830 (21xJun 24 EPS). MTEP is currently trading at 20.5x FY24EPS which makes it a good proxy play with huge valuation discounts on Paint and FMCG segment.”
Prabhudas Lilladher believes that Mold-Tech remains a formidable play on growth in the Paint, FMCG and Pharma segments on the back of better revenue visibility and new product acceptance.
“We remain structurally positive on the long-term story of MTEP 1) EBITDA/kg driven by improvement in utilization levels at existing plants and mix shift towards F&F segment 2) New plants added at Lucknow and Daman, Mysore and The addition of capacity in Visakhapatnam will help meet the demand from Asian Paints. 3) Entry into Pharma and OTC business 4) Potential export opportunities in US market 5) Product acceptance from new lube brands Gulf Oil, Bharat Shell, Volvoline and ExxonMobil 6) Thin Walls, increased contribution from F&F segment and acceptance from new and existing clients to help increase market share with new launches like QR coded IML products, concluded the brokerage.
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