Mold-Tek Technologies Ltd(MOLDTECH)

NSE: MOLDTECHBSE: 526263

₹ 84.75-4.99%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 488 crWebsite: www.moldtekgroup.comUpdated: 26 Oct 2026

About

Mold-Tek Technologies provides civil and mechanical engineering services, with a presence across North America, Europe and India. Its Construction division handles civil and structural work, and its Automotive division handles mechanical and electrical work. In November 2025 it acquired Beryl Project Engineering of Tampa, Florida, which does residential structural design and inspection. Reported FY26 revenue was Rs 181.68 crore.^[1][2][3][4]

Business segments

Construction division (civil and structural) handles structural detailing and design; Automotive/Mechanical division (MES) handles mechanical and electrical engineering, including poles, towers and substation work.^[1][3]
Structural design was 8-10% of civil revenues in Q4 FY26, up from about 0% three to four years earlier; detailing makes up the rest. Management targets 30-40% within 3-4 years.^[3]
Design work bills at $70-$80/hr, compared with $25-$30/hr for detailing (Q4 FY26 call).^[3]
Beryl revenue was $5.4M in FY26 at an 8-9% EBITDA margin. It contributed INR 22.9 crores in its first five months after acquisition (Nov 2025-Mar 2026).^[5][3]
Poles, towers and substation revenue ran at about $2M in Q1 FY27, up from about $800K-$1M in FY26.^[5][3]

Services and offerings

MES is moving towards hybrid technologies, retrofitting and process engineering, with early traction in Special Purpose Machinery and Plant Engineering (FY25).^[1]
The Pre-Engineered Metal Building business gained traction in FY25 as past clients returned. The Precast Show 2025 opened opportunities in precast concrete.^[1]
Beryl does residential permits and inspections, operating in 2 Florida counties at the time of acquisition. It had a 40-member team.^[2][3]

Order book and operating measures

Civil work-on-hand was $4.5M in Q1 FY27, compared with $3.7M a year earlier. It was about $5M in Q4 FY26 and $2.84M in June 2025.^[5][3]
MES work-on-hand was about $1.15M in Q1 FY27, compared with about $0.25M in Q4 FY26.^[5][3]
Employee cost was 73% of revenue in FY26.^[3]

People and delivery

The MES team was about 50 people in Q1 FY27, down from 125-130 a year earlier, after the automotive body-in-white unit was downsized because of weak EV demand.^[5]
The poles and towers team was about 80 people in Q4 FY26, up from 45-50 in FY25, driven by US data-centre power and transmission demand.^[3]
Beryl's India design team was 7 people in Q1 FY27, with a target of 15-20 by October-November 2026.^[5]

Customers and contracts

A Master Service Agreement with a leading US power distribution company started in July 2026. Management estimates about $1M a year in revenue.^[5]
Beryl received a $1M Master Purchase Order from Hillsborough County in 2026, to be executed over 12 months.^[5]
An MSA with Danieli Corus (Delhi) for mechanical engineering manpower covers a 20-person mandate, with 3 placed as of Q4 FY26. Management sees potential of about $0.5M a year.^[3]
Under an MoU, the company exclusively handles design, stamping, detailing and project management for Interarch Building Solutions' exports to the US. No revenue had come from it as of Q3 FY26 because of tariff uncertainty.^[1][6]

Expansion and capex

Own campus in Nashik: municipal approval was expected end-May 2026 and construction was due to start in June 2026, with the building ready by end of FY28. It would replace about INR 2-2.5 crores a year in rent.^[3]
Planned acquisition of a structural design firm near Atlanta (15 engineers, about 7-8 PEs), with a decision expected by October 2026.^[5]
Beryl has registered in Georgia as an approved engineering service provider through its Atlanta office. Revenue is expected from Q3-Q4 FY27.^[5]

Recent developments

Acquired Beryl Project Engineering (Tampa, Florida) for $2.7M purchase consideration. It is consolidated from 1 November 2025.^[2]
Beryl founder Richard Leon is to receive about $0.5M of Mold-Tek equity, with a 3-year lock-in.^[6]
Starting FY27, mark-to-market gains and losses on forex hedges will be reported separately from operating EBITDA. Forward cover is capped at 25-50% of turnover.^[3]
Prateek Kumar Tiwari resigned as Company Secretary and Compliance Officer, effective 23 September 2026.^[7]

Market Cap

₹488 Cr

High / Low

₹121 / 51

Stock P/E

26.5

Price / Book

3.8

Book Value

₹22

EPS

₹1.8

No. of Shares

5.76 Cr

ROCE

11.1%

ROE

8.2%

OPM

7.2%

Debt / Equity

0.00

Sales

₹182 Cr

Net Profit

₹10 Cr

Promoter holding

49.9%

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