Mukka Proteins Ltd
Incorporated in 2003, It is an animal protein company, primarily engaged in the production of Fish Meal, Fish Oil and Fish Soluble Paste as well as developing alternative proteins such as Black Soldier Fly (BSF) Insect meal in the animal food segment.[1]
- Market Cap ₹ 1,053 Cr.
- Current Price ₹ 35.1
- High / Low ₹ 44.0 / 32.5
- Stock P/E 16.8
- Book Value ₹ 12.2
- Dividend Yield 0.00 %
- ROCE 18.2 %
- ROE 25.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 32.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Miscellaneous Industry: Food - Processing - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
407 | 546 | 536 | 693 | 1,066 | 1,269 | |
383 | 526 | 529 | 660 | 1,000 | 1,187 | |
Operating Profit | 25 | 20 | 7 | 33 | 66 | 81 |
OPM % | 6% | 4% | 1% | 5% | 6% | 6% |
2 | 8 | 9 | 8 | 9 | 20 | |
Interest | 4 | 7 | 7 | 8 | 15 | 24 |
Depreciation | 2 | 3 | 3 | 4 | 4 | 6 |
Profit before tax | 21 | 19 | 6 | 28 | 55 | 72 |
Tax % | 25% | 32% | 24% | 30% | 28% | 12% |
15 | 13 | 5 | 20 | 39 | 63 | |
EPS in Rs | 0.90 | 1.79 | 2.09 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 33% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 190% |
TTM: | 65% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 29% |
Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 22 | 22 | 30 |
Reserves | 40 | 52 | 57 | 60 | 100 | 335 |
81 | 112 | 126 | 162 | 238 | 332 | |
70 | 88 | 99 | 84 | 141 | 154 | |
Total Liabilities | 197 | 257 | 288 | 329 | 500 | 851 |
44 | 46 | 49 | 50 | 52 | 60 | |
CWIP | 0 | 1 | 0 | 0 | 0 | 0 |
Investments | 10 | 7 | 12 | 21 | 24 | 34 |
143 | 204 | 228 | 259 | 424 | 757 | |
Total Assets | 197 | 257 | 288 | 329 | 500 | 851 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
-22 | -24 | -2 | -15 | -47 | -144 | |
-19 | 2 | -5 | -7 | 1 | -43 | |
31 | 23 | 8 | 27 | 61 | 258 | |
Net Cash Flow | -10 | 0 | 0 | 5 | 15 | 71 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 22 | 36 | 18 | 28 | 37 | 41 |
Inventory Days | 94 | 68 | 108 | 88 | 87 | 135 |
Days Payable | 59 | 58 | 59 | 44 | 49 | 43 |
Cash Conversion Cycle | 57 | 47 | 67 | 72 | 75 | 133 |
Working Capital Days | 69 | 76 | 87 | 89 | 90 | 137 |
ROCE % | 15% | 6% | 16% | 23% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18h - Copies of Newspaper Advertisements confirming completion of dispatch of Postal Ballot Notice to the shareholders.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
- Newspaper Advertisement Pursuant To Regulation 47 Of The SEBI (LODR) Regulations, 2015. 2d
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Monitoring Agency Report dated May 14, 2024, issued by ICRA Limited for the quarter ended March 31, 2024.
- Statement Of Deviation(S) Or Variation(S) Of Funds Raised Through Initial Public Offer (''IPO'') For The Quarter Ended March 31, 2024 14 May
Leading Fish Meal Manufacturer[1] The company is a leading player in Indian fish protein industry contributing 25-30% to the Indian fish meal and fish oil industry.