#mystockpitch
We are seeing tremendous growth in the food delivery business in the last few years. We already have the Zomato vs Swiggy battle and now others are looking to pitch in.
$Mold-Tek Packaging Ltd here, is steadily positioning itself at the forefront of innovation in food packaging. When the food delivery business moves towards a differentiation in terms of packaging with regard to service and safety (tamper proof containers), Mold Tek will be the biggest beneficiary. This is a high margin business.
The company is mainly into injection based molds for paints and lubes apart from food packaging. Those pails that you see of almost any paint company in India - Those are made by Mold Tek.
The company has vertically integrated the complete manufacturing. High focus is on R&D.
Let's talk numbers - Double digit sales CAGR in last 5 years with even more impressive bottom-line growth.
All this for a market cap of Rs. 2000 Cr - 32 times of profit.