Ashish Kacholia records partial profit in this Saurabh Mukherjea portfolio stock


Ashish Kacholia Wallet: Popularly known as the ‘Big Whale’ of the Indian stock market, Ashish Kacholia recorded a partial profit in one of Saurabh Mukherjea Mold-Tek Packaging Ltd’s portfolio shares during the April to June quarter of 2022 In the first quarter of FY23, Ashish Kacholia reduced his stake in the company from 3.09% to 1.89%, selling 3,42,106 shares of the company.

Ashish Kacholia’s stake in Mold-Tek Packaging

In accordance with Mold-Tek Packaging Ltd’s shareholding scheme for the April to June 2022 quarter, Ashish Kacholia owns 6,24,340 shares of the company, or 1.89% of its net paid-up capital. However, from January to March 2022, Ashish Kacholia held 9,66,446 shares or 3.09% of the company’s capital. This means that “Big Whale” reduced his stake in the company from April to June 2022 after posting a partial metered profit in the June 2022 quarter. He sold 3,42,106 shares of the company, or approximately 1 .20% of the total paid-up capital of the company.

Saurabh Mukherjea Wallet

Mold-Tek Packaging is one of the small champion titles in Saurabh Mukherjea’s portfolio. There are 16 stocks in Saurabh Mukherjea’s small champions portfolio, which is a mix of small and mid cap stocks.

However, brokerage firm Prabhudas Lilladher gave Mold-Tek Packaging shares an “accumulated” rating, citing: “With a strong focus on technologically advanced niche products, we expect EBITDA per kg to increase by 41 in FY22 at 44 in FY24. We estimate sales and PAT CAGR of 21.8% / 36.2% FY22-24 and change our rating to ACCUMULATE with a target price of Rs830 (21xJun24 EPS) from Rs781 (21xMar24 EPS). The MTEP is currently trading at 20.5x FY24EPS, which is a good proxy play on the Paint & FMCG segments at a steep valuation discount.”

Prabhudas Lilladher believes that Mold-Tek continues to be a tremendous growth driver in the paints, consumer packaged goods and pharmaceuticals segments through improved revenue visibility and acceptance of new products.

“We remain structurally positive on MTEP’s long-term story given 1) improved current mill utilization levels and EBITDA/Kg through the mix shift towards the F&F segment 2) A new factory added in Lucknow and Daman, adding capacity in Mysore and Visakhapatnam will help meet demand 3) foray into pharmaceutical and OTC business 4) Potential export opportunity to US market 5) Product acceptance of news lubricant brands Gulf Oil, Bharat Shell, Valvoline and ExxonMobil 6) increased contribution from Thin Wall, F&F segment and acceptance of new launches such as QR code IML products to help increase market share from new and existing customers,” concluded the brokerage.

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