1. COMPANY OVERVIEW:
MOLD-TEK PACKAGNG LIMITED originally established 1985, pioneered the introduction of IML Technology in India. Today the Company stands as the Indias largest producer of IML molded rigid Plastic Packaging. Mold-Teks commitment to innovation is underscored by its advanced R&D center in Hyderabad, which has secured 4 patents, with 5 in the pipeline in India. Mold-Tek believes in practicing excellent corporate governance and maintaining a culture of professional management, which provides the Company with a competitive advantage in the marketplace. The Company prides itself on practicing excellent corporate governance and maintaining a culture of professional management, which provides a long-term competitive advantage. Mold-Tek had developed a well-diversified business model that caters to the evolving needs of its customers. The Company combines Pharma-Packs, Paints -Packs, Lubricants-Pack, Food and FMCG-Packs etc. under one umbrella. Such a diversified approach helps mitigate potential uncertainties in the business environment, positioning the Company for sustainable growth. By focusing on its strategic objectives and delivering a unique value proposition to customers, Mold-Tek continues to drive long-term value creation for shareholders and stakeholders. Mold-Tek has maintained a consistent strategy and business model. We have a unique combination of widest product portfolio under one roof, customized innovation, always ahead in product development curve, scale and global reach. By remaining focused on our strategy and our unique value proposition for customers, the Company will continue to grow and drive long term value creation for shareholders and other stakeholders. The Companys diversification into new product segments, such as
Pharma-Packs and entry into new geographies augur well for future growth.
With major projects nearing completion, Mold-Tek is poised for a bright future of growth, greater value, innovative products, and sustainable profitability. The Companys strategic investments and a focus on customer needs, combined with a capable and experienced team and a people-first approach, ensure that Mold-Tek will continue to thrive and create value for all stakeholders.
2. MACROECONOMIC OVERVIEW AND
OUTLOOK:
2.1 Global Economy
Despite a challenging global landscape, Indias economy demonstrated remarkable resilience. The country solidified its position as the worlds fifth largest economy, showcasing its significant economic strength and establishing itself as one of the fastest growing major economies.
According to the latest projections of International Monetary Fund, in the near term, global growth is projected to fall from an estimated 3.3% in 2024 to 2.8% in 2025, before recovering to 3% in 2026. This is lower than the projections in the January 2025 of World Economic Outlook Update by 0.5% point for 2025 and 0.3% point for 2026, with downward revisions for nearly all countries. For advanced economies, growth forecast is projected to drop from an estimated 1.8% in 2024 to 1.4% in 2025 and 1.5% in 2026.
Source: 1) https://www.imf.org/en/Publications/WEO/ Issues/2025/04/22/world-economic-outlook-april-2025
Global growth is set to weaken to an average annual rate of 2.9% this year (or 2.5% in the fourth quarter), as U.S. declaration weighs on the rest of the world. Inflation is likely to slow in most countries, except in the U.S., where tariffs may increase consumer prices to a peak in the third quarter. Central banks could react to lower growth and inflation with rate cuts, except for the U.S., where rates are likely to remain steady until March 2026. Governments in the U.S, Europe and China may spend more to stimulate growth, increasing their deficits.
Source: 2) https://www.morganstanley.com/insights/ articles/economic-outlook-midyear-2025
Despite a challenging global landscape, Indias economy demonstrated remarkable resilience. The country solidified its position as the worlds fifth-largest economy, showcasing its significant economic strength and establishing itself as one of the fastest-growing major economies.
As per Ministry of Finance, despite global uncertainty, India has displayed steady economic growth. Indias real GDP growth of 6.4 per cent in FY25 remains close to the decadal average. From an aggregate demand perspective, private final consumption expenditure at constant prices is estimated to grow by 7.3 per cent, driven by a rebound in rural demand. On the supply side, the real gross value added (GVA) is estimated to grow by 6.4 per cent. The agriculture sector is expected to rebound to a growth of 3.8 per cent in FY25. The industrial sector is estimated to grow by 6.2 per cent in FY25. Strong growth rates in construction activities and electricity, gas, water supply and other utility services are expected to support industrial expansion. Growth in the services sector is expected to remain robust at
7.2 per cent, driven by healthy activity in financial, real estate, professional services, public administration, defence, and other services.
Source: https://www.indiabudget.gov.in/ economicsurvey/doc/echapter.pd
Looking ahead, Indias economic prospects for FY26 are balanced. Headwinds to growth include elevated geopolitical and trade uncertainties and possible commodity price shocks. Domestically, the translation of order books of private capital goods sector into sustained investment pick-up, improvements in consumer confidence, and corporate wage pickup will be key to promoting growth. Rural demand backed by a rebound in agricultural production, an anticipated easing of food inflation and a stable macro-
economic environment provide an upside to near-term growth. Overall, India will need to improve its global competitiveness through grassroots-level structural reforms and deregulation to reinforce its medium-term growth potential.
3. INDUSTRY OVERVIEW:
3.1 Rigid Plastic Industry: The Global Rigid packing market is estimated to be valued at $ 238 billion in 2025 and is expected to reach $ 331 billion by 2032 exhibiting a compound annual growth rate (CAGR) of 4.8% from 2025 to 2032. The India rigid plastic packaging market size is valued at $ 14 billion in 2025 and is forecast to reach $ 19 billion by 2030, advancing at a 6.32% CAGR over the period. The market is experiencing positive growth due to increasing demand for packaged goods and beverages globally. Rising preference of consumers towards packages products due to lifestyle and growing busy schedules has propelled the sales of rigid packaging of e-commerce platforms.
Source: https://www.coherentmarketinsights.com/ market-insight
As rigid plastic packaging is the best alternatives for recyclability and reusability, this type of packaging material is rapidly replacing traditional packaging materials. It is expected that the market will register a CAGR of 9.36% between 2024 and 2029, driven by lower-cost packaging, technological innovation, increasing demand of packaged products, especially by middle-class consumers and modern retail formats and a growing desire for higher-quality products.
Source: https ://www. mordorintelligence. com/industry- reports/india-rigid-plastic-packaging-market
3.2 Paint-Packaging Industry: Its expected to reach USD 10.46 billion in 2025 and is projected to reach USD 16.37 billion by 2030, reflecting a CAGR of 9.38% from 2025 to 2030.
3.3 Lubricants-Packaging Industry: The Indian lubricants
packaging industry is experiencing reasonable growth, driven by increasing industrialization, automotive sales, and a growing focus on sustainable packaging solutions. The market is expected to expand at a CAGR of around 4-5% between 2025 and 2030.
3.4 FMCG-Packaging Industry: The Indian FMCG industry experienced a noteworthy 6% growth in value during Q4 FY2024, primarily attributed to a 6.4% increase in volume. This surge in volume indicates positive consumption patterns and robust demand for FMCG nationwide.
3.5 Food and Beverages-Packaging Industry: The
Indian FMCG rigid packaging industry is experiencing substantial growth, driven by increased demand from the food, beverage, and pharmaceutical sectors, as well as the expanding government initiatives supporting the industry.
3.6 Pharma-Packaging Industry: The market is projected to grow at a CAGR of 6.10% to 13.4% between 2024 and 2033, reaching a value of $3.4 billion to $42.5 billion by 2030.
Source: https://www.mordorintelligence. com/industry- reports/india-pharmaceutical-packaging-market
4. BUSINESS SEGMENTS AND PERFORMANCE:
4.1 Pharma-Packs: The pharma-packaging sector has shown encouraging momentum in FY 2024-25, achieved sales ?11 crores for the year. By end of 1st year itself, company achieved close to 50% capacity utilization and crossed breakeven level in Q4. This rapid growth underscores the divisions ability to contribute handsomely in near future. The surge in demand is driven by increased orders from leading companies in India and enquiries from other international markets, reaffirming the divisions compliance with global quality and regulatory standards. This international traction is a testament to the companys ability to meet stringent packaging requirements and deliver consistent value. With a renewed focus on scalable infrastructure, automation, and innovations in packaging solutions, the company is well-positioned to capture further growth in the global pharma ecosystem.
4.2 Paint-Packs: During FY 2024-25, the company has considerably increased its production capacity at Panipat (Haryana), Satara (Maharashtra) and Cheyyar (Tamil Nadu) to effectively meet the increased demand from the Aditya Birla Group. These strategically located facilities are equipped with modern infrastructure to support high-volume production and timely delivery. This capacity expansion reflects the companys commitment to serving key clients and maintaining operational excellence as order volumes rise. During the year Paint-Pack segment has achieved a volume growth of 6.79% to 18,081 MT from 16932 MT and registered a solid sales growth of 13.39% to ?341.96 crores from ?301.59 crores.
4.3 Food & FMCG-Packs: As our IML printing capacities
enhanced, Q4 registered solid sales growth of 14.23% to ?257.4 crores from ?225.34 crores and in this segment showing the Companys leadership position in Food & FMCG sectors where growth was stagnated last year due to lack IML capacity. We expect good growth in FY 2025-26, as production of FMCG products start in
Panipat from June, 2025. During the year Food and FMCG-Pack segment has achieved a volume growth of 14.67% to 10,694 MT from 9326 MT.
4.4 Lubricant-Packs: During FY 2024-25, the Companys Lube-Packs segment registered a marginal sales growth of 0.90%, increasing to ?170.00 crores from ?168.59 crores in the previous year. However, the segment recorded a nominal decline of 2% in volume, decreasing to 9,212 MT from 9,403 MT on a year-on-year basis.
5. NEW PRODUCTS & DEVELOPMENTS:
Pharma Packaging Unit: In the current financial year, the company has developed a wide range of pharma packaging products designed to suit diverse clientele. The product mix has been strategically conceptualized to offer variety while effectively catering to the specific needs of our customers.
Tablet Containers with CT CR closures:
Added numerous higher weight bottles using our in-house tool room to add to our product basket. Quick development of these packs gave great confidence in Moldtek
Squeeze and lock cap is a revolutionary new idea designed to give child resistant functionality with a single piece construction. Our new design gives stability even at higher vacuum pressurized conditions
2 new products for a MNC company shall ensure occupancy over 50% for IBM machines. Started coloured and White CRC supplies to over 3customers
Effervescent tubes:
Capacity for highest selling SKU is planned to be doubled by Q2. This SKU has reached almost full utilization and is estimated to go further up.
Improved version of spiral cap launched to be stable at high temperature and Rh levels, based on need from Indias largest EV tablet manufacturer
Desiccant Canisters:
Orders started for most high-selling size through a direct export order but domestic establishment is taking more time for stability tests than anticipated. As this product goes inside tablet container, the testing is more stringent
New filling machine added to increase filling capacity. Dust-free version and online weight control added
6. DISCUSSION ON FINANCIAL PERFORMANCE:
During the financial year 2024-25 we achieved a decent volume growth of 7.30% reaching 38,264 MT, up from 35,661 MT in FY 2023-24 across various segments, this growth was driven by acquiring new customers and expanding into new markets. Our revenue for F.Y 2024-25 stood at ? 78,132 lakhs, reflecting a growth of 11.83% from ? 69,864.96 lakhs in F.Y 2023-24. EBDIT for the period increased by 6.98% to ? 14,385.84 lakhs from ? 13,447.34 lakhs. Net Profit declined by 09.05% to ?6055.23 lakhs as compared to ? 6658.56 lakhs in the previous corresponding period due to increased depreciation & finance cost. During the year, despite tremendous price volatility of key raw materials, the EBITDA margin has been maintained at a healthy 18.36%.
FINANCIAL AND OPERATIONAL PERFORMANCE - OVERVIEW:
lakhs except EPS
Particulars |
2024-25 | 2023-24 | 2022-23 | 2021-22 | 2020-21 |
Revenue |
78,132 | 69,865 | 72,992 | 63,147 | 47,893 |
EBITDA |
14,386 | 13,448 | 13,682 | 12,225 | 9,656 |
Exceptional items |
- | - | - | - | 108 |
PBT |
8,127 | 8,863 | 10,272 | 8,651 | 6,405 |
Net Profit |
6,055 | 6,659 | 8,043 | 6,366 | 4,808 |
BEPS (Face Value of ?5) |
18.22 | 20.07 | 24.40 | 22.12 | 16.86 |
The Company has 13 state of the art manufacturing facilities spread across India, with a total installed capacity of 55000 TPA. In addition to being a market leader in the Rigid Plastic Packaging sector, Mold-Tek has emerged as a complete packaging solutions provider with wider range of products and value-added services.
7. KEY FINANCIAL INDICATORS:
In accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) the Company is required to give details of significant changes (i.e., change of 25% or more as compared to the immediately previous financial year) in key financial ratios. There is no significant change (i.e., 25% or more) in key financial ratios viz. Current Ratio, Debt Equity Ratio, Inventory Turnover, Operating Profit Margin & Net Profit Margin.
Ratio |
Numerator/Denominator | 31-Mar-25 | 31-Mar-24 | Variance % |
(a) Current Ratio |
Current Assets/Current Liabilities | 1.60 | 1.91 | -16.31% |
(b) Debt-Equity Ratio@ |
Total Debt/Total equity | 0.28 | 0.22 | 27.65% |
(c) Debt Service Coverage Ratio |
Earnings available for debt service/Debt Service | 5.50 | 5.86 | -5.99% |
(d) Return on Equity Ratio (in %) |
Net Income/Average Shareholders Equity | 9.83 | 11.55 | -14.91% |
(e) Inventory turnover Ratio |
Sales/Average Inventory | 6.72 | 7.37 | -8.80% |
(f) Trade Receivables Turnover Ratio |
Total Sales/Average Trade receivables | 6.79 | 6.33 | 7.23% |
(g) Trade Payables Turnover Ratio |
Total Purchases/Average Trade Payables | 16.70 | 17.25 | -3.20% |
(h) Net Capital Turnover Ratio* |
Net Sales/Working Capital | 6.90 | 5.34 | 29.17% |
(i) Net Profit Ratio (in %) |
Net Profit/Net Sales | 7.76 | 9.57 | -18.92% |
(j) Return on Capital Employed (in %) |
EBIT/Capital Employed | 11.25 | 12.81 | -12.17% |
@ Owing to additional borrowings during the year for expansion
*Net Capital Turnover Ratio increased due to increase in debt on account of new facilities and expansion of existing units
8. STRATEGIC OUTLOOK:
Your Company will maintain its strategic direction in FY 2024-25, with a clear focus on enabler projects designed to enhance competitiveness in the near term. The key areas of emphasis will include:
Operational Excellence - driving efficiency, cost optimization, and quality enhancement across operations.
Renewable Energy Integration - expanding the share of clean energy in our consumption mix to reduce carbon footprint.
Machine and Mould Modernization -
upgrading equipment to improve productivity, precision, and flexibility.
Plant Turnarounds - implementing planned maintenance and efficiency improvement programs to boost up time.
Comprehensive Technology Roadmap
- deploying digital tools, automation, and analytics to strengthen operational control.
In line with our cost optimization initiatives, all printing operations of Unit-6 have been shifted to Unit-10. This strategic consolidation is expected to generate significant savings in fixed costs, including salaries and administrative expenses, while ensuring better utilization of resources.
In parallel, the Company will intensify engagement with key customers and focus on building strategic business segments in Food & Beverages, Personal Care, Home Care, and Beauty & Wellness. These initiatives are aimed at capturing emerging market opportunities, enhancing brand equity, and reinforcing long-term growth.
9. SUSTAINABILITY AND ESG INITIATIVES:
Mold-Tek is deeply committed to sustainability, continuously enhancing the environmental performance of its products, operations, and supply chain. By prioritizing product efficiency and eliminating high- impact gases, the Company has significantly reduced its carbon footprint. Recognizing that sustainability not only benefits the environment but also enhances business performance, Mold-Tek stays ahead of customer demand for sustainable products and practices. This commitment positions the Company as an industry leader, dedicated to protecting the planet while driving innovation.
9.1 Environment
Mold-Tek actively promotes sustainable practices and contributes to the circular economy. The Company offers mono-layered film structures to facilitate recycling and collaborates with renowned global brands to provide structure rationalization and recyclability solutions. Mold-Tek reduces plastic usage without compromising product integrity. Beyond film production, Mold-Tek implements green energy practices, waste reduction, and water treatment initiatives, including rainwater harvesting and the reuse of treated effluent water. Renewable Energy usage has been close to 25% for FY25. The Company expects to increase its usage to more than 2/3 rd of total consumption over the next 1-2 years. Mold-Teks dedication to environmental responsibility extends to its manufacturing processes, where it reuses reprocessed granules from waste materials in production. By adhering to the principles of reducing waste, reusing resources, and recycling, the Company aims to manufacture sustainable polymers that can be easily recycled and reused in various applications.
9.2 Social
The Mold-Tek, through the Companys CSR reflects its commitment to giving back to the community. The Company also extended its support to community welfare and disaster relief by contributing to the Andhra Pradesh and Telangana Chief Ministers Relief Funds.
As part of its healthcare support, the Company donated one ambulance to a remote village to facilitate connectivity with hospitals in Goa. In addition, bicycles were distributed to 200 girl students in a remote village in Goa to enable convenient and safe travel to their schools. These initiatives reflect the Companys commitment to improving education, healthcare access, and mobility in underserved communities.
9.3 Governance.
Mold-Tek is deeply committed to ethical and responsible business practices, notjust to ensure fairness but because it is the right thing to do. The Company integrates economic, social, and environmental considerations into its strategic planning, risk management, and governance approach.
The Board of Directors bears the overall responsibility for upholding the highest standards of corporate governance. Supported by senior management, the Board ensures best practices are followed consistently. This is achieved through a consultative approach, seeking input from all stakeholders, including shareholders, employees, vendors, suppliers, customers, community representatives, government authorities, and industry representatives.
ForMold-Tek, maintaining top-tier corporate governance is a fundamental principle and an integral part of its core values. The Companys corporate governance philosophy aims to achieve business excellence by enhancing shareholder value. Transparency and ethical business practices are essential in fulfilling corporate responsibilities and achieving this goal.
10. INTERNAL CONTROL SYSTEMS, RISKS AND THEIR ADEQUACY:
At Mold-Tek, the Risk Management, Internal Control Systems, and Internal Audit functions collaborate to form a comprehensive risk management framework. This framework is designed to effectively identify and mitigate risks across the organization.
Internal Control Systems
Mold-Tek has implemented comprehensive systems and controls across its operations covering various financial and operational functions. These measure to ensure:
Efficient execution of operations
Safeguarding of assets
Prevention and detection of fraud and errors
Accuracy and completeness of accounting records
Timely preparation of reliable financial reports
The Internal Audit Department plays a crucial role in ensuring compliance with operating procedures, internal policies, and legal requirements, while also providing recommendations for system and process improvements. Additionally, Mold- Tek has identified and documented key internal financial controls for critical processes across all plants, warehouses, and offices involved in financial transactions. These controls are regularly evaluated through ongoing monitoring and review processes by management and independent assessments by the internal audit team.
11. KEY RISKS & MITIGATION STRATEGY
The Company has in place a robust risk management framework that identifies and evaluates business risks and opportunities. Mold-Tek recognises that the risks need to be handled effectively and mitigated to protect the interests of the shareholders and stakeholders, to achieve business objectives and create sustainable value and growth. Few factors have been identified that could potentially have an adverse impact on the Companys consolidated financial position, results of operations, or cash flows.
Risk Category and Risk Summary |
Risk Mitigation Strategies |
USs shift in tariff policy: It. could trigger to global trade war, leading to redirection of global trade, disrupted trade flow, volatility in crude oil prices, higher input costs, margin pressure. Thus, it could have significant macroeconomic ripple effect globally, including on Indian industries. |
The Indian economy has always proven to be remarkably resilient in the face of the deteriorating global situation due to the strong macroeconomic fundamentals that place it well ahead of other emerging market economies. Per capita Plastic consumption, which is very low in the country is expected to grow at a rate higher than the GDP growth rate. |
Persistent geopolitical instability: Continued tension in the Middle East and Ukraine & Russia conflict along with new risks in the Indo-Pacific region shall impact supply chain and will lead to lower growth. |
Well planned procurement strategies and increase reliance on domestic or tariff neutral sourcing of raw materials shall reduce exposure to international trade volatility. The company is having diversified product portfolio and has set-up 11 manufacturing facilities strategically located across the country. Company is continuously expanding its product portfolio and geographical spread by putting new manufacturing facilities across the country. Companys strategic plan and initiatives for the medium term are aligned to the goal to diversify revenue mix across product divisions and geographical locations in India. The Company remains conservative with strong financial capital structure, prudent capex investment policies and well managed uses of working capital. |
Policy shifts due to sustainability &ESG mandates: Regulatory risks from domestic & international climate policy changes such as EPR mandates, plastic bans & carbon credit norms, which are evolving continuously, which may lead to disruption of growth. |
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Slower growth in major economies: Slowdown in US. China and the EU may lead to weaken global demand affecting exports & industrial investments. |
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Risk Category and Risk Summary |
Risk Mitigation Strategies |
Talent Management - Human Resources In the evolving business landscape consistent skill and capability-building initiatives are needed to create a future ready workforce. The Learning and Development initiatives address this critical need through regular assessments of the external environment, the capabilities in demand, and designs appropriate initiatives for our workforce. Developing leadership capabilities is a key focus area, with the end goal to create a Talent pipeline across all employee levels. We have initiated various structured interventions in partnership with reputed organizations / partners to have a continued focus on building skills |
Equipping our team members to excel in their roles we continue to drive multiple skill and capability-building initiatives across roles and levels. As a part of Succession Planning process, we identify critical positions and high potential employees and plan talent development actions through structured interventions to meet the organizations talent objective. We have adopted a threefold approach by developing, retaining, and recruiting key talent to mitigate talent risks and drive the objectives to achieve Companys growth plans and aspirations |
Foreign Exchange Exposure The Company is exposed to foreign exchange risk, through purchases from overseas suppliers and overseas sales & services in foreign currencies. Exports are significantly lower in comparison to its imports. The adverse foreign exchange fluctuations could increase the cost of procurement substantially and it could adversely affect companys financial performance. |
Some of the Companys foreign exchange risk due to import of Raw materials is very short-term in nature at any given point of time. Import of machinery and moulds is long term in nature. The company has adopted prudent and consistent hedging policy guided by the Board, by entering into forward contracts at optimized hedging costs for mitigating the exchange rate risk. Company is able to partially balance the exposure risk by way of export of goods. Further, company has hedged its long-term foreign currency loans, thereby minimizing exchange fluctuation risk. The Company seeks advice from the bankers, as and when required, through regular interaction. It also closely monitors the exchange rates continuously. |
Brand protection/ Trademark/ Design/ Patent - Infringement The presence of counterfeit product is significant in the plastic industry, causing huge losses to the companies & Government. Spurious products lead to loss of consumer confidence in the brand, as they can result in serious health & safety risks for consumer. They are drain on national exchequer. |
The anti-counterfeit technology is already in place and Company is
further working to make it more robust by implementing newer technology. The Company is
actively working in close co-ordination with wide informants and law firm network to trace
and identify culprits and to bring them to book. It has successfully filed civil and
criminal cases against counterfeits in coordination with courts and police authorities and
penalty orders are being filed against them. The Company is actively involved with the
Trademark Registry and The Company has successfully got 4 patents and 5 are in pipeline
and filing oppositions/rectification applications against those, who fraudulently to
register companys trademark by making such trademark applications. The Company has successfully restricted many parties and their trademarks have been abandoned. |
Environment & Climate Change Climate change is the biggest business challenge in coming years in view of the unprecedented scale of the extreme weather event such as heat waves, floods, cyclone and considerable increase in mother earths temperature continuously due to exploitation of natural resources. Due to change in the regulatory requirements, owing to climate change there is likelihood of business disruptions, adverse impacts on operations and consumer demand. |
In line with ESG approach and strategy, the Company has identified key
areas in respect of emission & energy and water conservation. Company has taken
various initiatives to improve in energy efficiency, increased usage of renewable energy,
Reduction of Green House Gas emission, zero waste & efficient use of water sources. Installation of roof top solar power at different locations PAN India to increase green energy usage, conservation of water at several plants through Rainwater Harvesting, are areas of continuous focus of the company. |
Risk Category and Risk Summary |
Risk Mitigation Strategies |
Gas substitution from LPG to CNG to reduce carbon emission and usage of lead-free stabilizer in many piping products are other initiatives to support the environment. | |
Geographical presence of the company through its manufacturing plant spread across the country also results in reduced transportation and thereby reduction of emission of carbon and other hazardous gases in the environment. | |
Plastics Waste Management PWM (Plastic Waste Management) rules 2016 as implemented by Ministry of Environment, Forest and Climate Change - Government of India mandates under EPR (Extended Producer Responsibility) that, |
Company being the largest plastic Processor in India produces packaging material, uses packaging material for its branded products and imports plastic material. It has registered itself with CPCB as Importer, Producer as well as Brand Owner. It uploads all the required data on CPCB portal on timely basis as mandated by Government of India. It fulfils the EPR requirements and ensures that the number of credits (both recycling & end of life) as mandated in the PWM rules are procured and displayed on CPCB portal. Annual Returns are also filed within the stipulated time period. |
1. Any Company importing, producing, using, selling plastic packaging material as defined in the rules needs to collect on its own or through registered Plastic Waste Processors, all the plastic packaging material that it introduces in the market. |
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Company has applied for the Registration PWP for one of its manufacturing Unit and it is in process. The Company is geared up and will be adhering to the mandate of Recycle content in the packaging products as per CPCB guidelines starting from ensuing year. It follows a robust waste management procedure in line with latest requirement of pollution control board & ISO system. Hazardous waste is being disposed of through authorized vendors. It has entered into agreements with authorized agencies at all the locations for recycling, reusing or safe disposal of hazardous plastic waste. |
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2. It needs to recycle or send the plastic to its end of life as defined in the rules (Incineration, convert to oil, use in other applications such as road building). |
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3. It needs to use a certain percentage of recycled content in its packaging products as defined in the rules. |
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4. It cannot produce any single use plastic as defined in the rules. 5. The Company must get registered on the CPCB (Central Pollution Control Board) portal and upload all relevant data on it. Any Company not following these guidelines is liable to pay Environment Compensation of R 5 per kg for the total packaging material introduced in the market every year. The Consent to Operate issued by State Pollution Control Board to the company may get withdrawn. |
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Fire, Safety & Health |
The Company has formulated a robust framework to ensure |
The Company has a wide spread operational presence of its manufacturing units across the country. The manufacturing process in these units for plastic products does require usage of certain inflammable materials which are prone to risk of fire and safety hazard. Moreover, since Companys manufacturing process requires uses of polymers, additives and inks, employees are also required to manage the plant & machinery and material handling equipment all of which has exposure and risk on safety and health aspects. Further disposal of hazardous waste also poses certain challenges which needs to be managed in a meticulous manner. |
seamless operations of its manufacturing Units across the country. Various initiatives and actions have been undertaken & implemented as stated below: |
i. Company has installed fire hydrant system at all its manufacturing locations along with other apparatus like sprinkler system extinguishers filled with chemical foam etc. | |
ii. First aid training is given to safety personnel, engaging professional risk assessing advisors to conduct periodic audit, review & to suggest improvement measures. | |
iii. Location-wise Safety Committees conduct regular fire safety drills and train the employees for emergency evacuation plan etc. | |
Risk Category and Risk Summary |
Risk Mitigation Strategies |
iv. Appropriate illumination at shop floor, earmarked storage areas with safety measures, installation of safety guards & switches, open passages for people and material movements, fencing of high-risk zones etc. | |
v. Occupational health and safety management systems at all its locations providing personal protective equipment, installation of CCTV cameras to enhance security and surveillance, well defined Safety & Health related SOP. It conducts regular Safety Audits and training programmes. | |
vi. Company is also taking appropriate insurance coverage to mitigate any financial impact due to any adverse impact of any of above risks. | |
Treasury management risks The treasury runs inherent risks of liquidity, capital erosion and fluctuation in returns. The risks get accentuated in cases of down grading of the rating or liquidity issues faced by any major financial institution, to which many banks & / or Mutual Funds may have exposure to, RBI rate decisions, geo political tensions, defaults by market players etc. |
Company has a strong treasury management policy with well-defined checks and balances, duly approved by the board. The policy clearly lays down the institution & product wise eligibility criteria, and monetary restrictions. Company avoids any direct exposure to equity. Company has availed the services of an experienced advisor who have a strong research team. |
Product liability and general risk The risk involves claims from customers due to any loss or injury suffered on using the company products &/ or claims from third parties due to any bodily injury or damage to property suffered by them within the Company premises or on using the Company products |
Company ensures that its products meet the highest quality standards, for which best quality raw material is procured from the most reputed suppliers. Company uses best standardised machines and equipment and the production processes for ensuring production of high-quality material, which are also subjected to stringent quality tests. Company adopts best safety standards in all its premises. However, in the unlikely event of any claims, the company has taken comprehensive general liability as well as product liability insurance, which adequately covers the Company from any such claims |
12. OPPORTUNITIES:
12.1. Innovative& Customized Packs: Marketers
understand the significant value and perception associated with brands. In the FMCG industry, many companies are embracing the idea of refreshing their packaging designs to align with their brands core values. Packaging not only safeguards the product but also protects and enhances the brand. Mold-Tek is dedicated to creating inventive and customized packaging solutions that attract customers and drive sales. The Company focuses on developing packages that captivate consumers and effectively communicate the essence of its brands.
12.2. E-commerce: The growth of e-commerce has heightened the demand for packaging, especially for new products, and has spurred innovations in last-mile delivery solutions to meet the evolving requirements.
Mold-Tek is well-positioned to capitalise on the trend by offering advanced packaging solutions that meet the needs of the e-commerce sector.
12.3. Digitization and Internet of Things (IoT):
Companies are leveraging digital initiatives to reduce expenses and gain a competitive advantage. One such example is the integration of technology in packaging, enhancing customer value and service. With the rise of IoT (Internet of Things), packaging is becoming more intuitive, providing instant information to consumers about the products they purchase. This evolution positions packaging as an enabler, facilitating seamless communication and interaction between products and consumers. Mold-Tek is at the forefront of this digital transformation, developing smart packaging solutions that enhance consumer engagement and satisfaction.
12.4. Sustainable packaging solutions: Sustainable
packaging solutions represent a significant opportunity for Mold-Tek, and the Company is committed to leading in this area. As awareness of sustainable packaging requirements grows, Mold-Tek sees this as an opportunity to meet these demands through its products and manufacturing processes. Consumers increasingly seek sustainable packaging options, and Mold-Tek collaborates closely with its customers to ensure its products meet their sustainability needs
13. THREATS:
Key threats that may pose a challenge to the operations of the Company may be summarized as below:
Volatility in raw material prices, logistics and freight costs.
Geopolitical tensions, uncertainty in tariff rates may affect the export prospects of the Company.
Further Regulatory and Environmental challenges including stricter Extended Producer Responsibility (EPR) Rules.
Entry of global and local competitors
Shortage of skilled manpower, rising labor and energy costs.
14. HUMAN RESOURCES:
Mold-Tek recognizes that its people are its greatest assets, and the belief in people is central to its human resource strategy. The Company places a strong emphasis on talent management, succession planning, performance management, and learning and development initiatives to foster inspiring, strong, and trustworthy leadership. By promoting knowledge, entrepreneurship, and creativity, Mold-Tek utilises its human capital to drive competitiveness. The Company also embraces workforce diversity and strives to build its employees careers through targeted interventions. Learning opportunities enhance employee engagement, boost productivity, reduce turnover, and cultivate a positive culture. Labour relations in all India operations remained favorable. The Companys plants provided
various opportunities to encourage an open and supportive work environment, promoting participative decision-making. The Company continued to provide its workers with team-building and collaboration training to strengthen team cohesiveness. The total employee strength as of 31 March 2023 was 627. Moldtek Packaging Limited has successfully completed the assessment conducted by Great Place To Work?, India, and is certified as a great workplace.
15. CAUTIONARY STATEMENT:
This report will include Forward-Looking Statements, such as statements about the implementation of strategic plans and other statements about Mold-Tek potential business developments and financial results. While these statements reflect the Companys current assessments and future expectations, several risks, uncertainties, and unknown factors could cause actual results to differ significantly from those anticipated. General market, macroeconomic, governmental, and regulatory patterns, changes in currency exchange and interest rates, competitive pressures, technical advances, changes in the financial conditions of third parties doing business with the Company, regulatory developments, and other main factors that may have an effect on the Companys business and financial results. The Company does not undertake any obligation to update or revise forward-looking statements to reflect new information, future events, or circumstances that may arise
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