Mishtann Foods Ltd

Mishtann Foods Ltd

₹ 18.8 0.16%
25 Apr - close price
About

Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]

Key Points

Business Overview:[1][2]
Company is in the business of processing and packaging of fast moving consumer goods, viz. Basmati rice, wheat and marketing and selling of pulses and salt. It does processing and marketing of unbranded Basmati of different grades, sizes, flavors and fragrance. Apart from this, company procures finished pulses and edible salt from third party manufacturers and markets and distributes them. At present, company has 15 Super Stockist in 10 states with 70000 plus Retailers

  • Market Cap 1,996 Cr.
  • Current Price 18.8
  • High / Low 26.4 / 7.05
  • Stock P/E 76.7
  • Book Value 1.52
  • Dividend Yield 0.01 %
  • ROCE 46.4 %
  • ROE 39.7 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 54.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%

Cons

  • Stock is trading at 12.3 times its book value
  • Promoter holding has decreased over last quarter: -1.44%
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Debtor days have increased from 93.6 to 124 days.

* 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
118.16 105.19 72.36 125.06 147.69 153.47 158.27 159.58 163.64 168.89 80.34 80.51 79.83
114.71 103.39 66.27 114.41 134.98 131.14 140.03 141.26 141.02 145.58 72.12 74.08 72.19
Operating Profit 3.45 1.80 6.09 10.65 12.71 22.33 18.24 18.32 22.62 23.31 8.22 6.43 7.64
OPM % 2.92% 1.71% 8.42% 8.52% 8.61% 14.55% 11.52% 11.48% 13.82% 13.80% 10.23% 7.99% 9.57%
0.01 0.05 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.04 0.01 0.00 0.00
Interest 2.82 1.11 0.81 1.01 0.82 1.15 1.10 1.09 1.37 1.36 1.33 1.15 1.05
Depreciation 0.29 0.28 0.24 0.24 0.24 0.23 0.20 0.20 0.20 0.20 0.17 0.17 0.17
Profit before tax 0.35 0.46 5.05 9.40 11.65 20.95 16.95 17.03 21.05 21.79 6.73 5.11 6.42
Tax % 28.57% 30.43% 30.89% 30.85% 30.90% 37.18% 34.93% 35.06% 34.92% 35.11% 34.92% 35.03% 34.89%
0.25 0.32 3.49 6.50 8.05 13.16 11.03 11.06 13.70 14.14 4.38 3.32 4.18
EPS in Rs 0.00 0.00 0.03 0.06 0.08 0.13 0.11 0.11 0.13 0.14 0.04 0.03 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 0 116 256 388 482 482 351 499 650 410
0 0 0 113 249 374 458 476 344 447 568 364
Operating Profit 0 0 0 2 7 13 23 6 7 52 83 46
OPM % 23% 2% 3% 3% 5% 1% 2% 10% 13% 11%
0 0 0 0 -0 0 0 0 0 0 0 0
Interest 0 0 0 1 3 3 4 4 5 4 5 5
Depreciation 0 0 0 1 2 2 2 2 1 1 1 1
Profit before tax 0 0 0 1 2 8 18 0 1 47 77 40
Tax % 40% 30% 44% 32% 33% 0% 28% 34% 35%
0 0 0 0 1 6 12 0 1 31 50 26
EPS in Rs 0.00 0.00 0.00 0.02 0.06 0.09 0.11 0.00 0.01 0.30 0.48 0.25
Dividend Payout % 0% 0% 0% 1% 2% 167% 7% 1% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 11%
TTM: -36%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 1085%
TTM: -47%
Stock Price CAGR
10 Years: %
5 Years: -8%
3 Years: 102%
1 Year: 151%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 29%
Last Year: 40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 31 50 50 50 50 100 100
Reserves 0 0 0 0 2 7 19 19 20 51 50 57
1 1 3 28 35 30 39 50 54 41 60 54
0 0 0 7 4 9 6 15 4 19 48 50
Total Liabilities 11 11 13 46 50 77 115 134 128 161 258 262
0 0 0 9 8 10 8 7 6 5 4 4
CWIP 0 0 2 1 3 0 0 0 0 0 0 0
Investments 0 0 0 1 0 0 0 0 0 0 0 0
11 11 12 36 38 67 106 127 122 156 254 257
Total Assets 11 11 13 46 50 77 115 134 128 161 258 262

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 -19 -3 -23 -9 3 -5 -12 -3
-2 -9 -5 -0 0 0 -0 0 -0
2 25 7 23 9 -3 5 12 2
Net Cash Flow -5 -2 0 -0 0 -0 0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 53 0 29 43 75 84 73 124
Inventory Days 16,724 45 54 33 32 20 42 33 18
Days Payable 1,128 18 1 2 0 4 3 2 2
Cash Conversion Cycle 15,595 80 53 61 75 92 123 104 140
Working Capital Days 8,876 75 47 53 72 80 120 89 114
ROCE % 0% 0% 5% 13% 20% 24% 4% 5% 38% 46%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.28% 49.28% 49.28% 49.28% 49.28% 49.28% 49.77% 49.77% 49.82% 49.82% 49.82% 48.38%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.13% 1.58% 2.28% 2.23% 5.02%
50.72% 50.72% 50.72% 50.72% 50.72% 50.72% 50.23% 49.10% 48.62% 47.90% 47.95% 46.60%
No. of Shareholders 5,0749,91411,60516,93849,44771,21988,52494,5921,17,5162,02,0742,54,5833,41,326

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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