Mishtann Foods Ltd
Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]
- Market Cap ₹ 547 Cr.
- Current Price ₹ 5.08
- High / Low ₹ 19.0 / 4.28
- Stock P/E 1.69
- Book Value ₹ 8.92
- Dividend Yield 0.02 %
- ROCE 42.2 %
- ROE 44.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
- Company's median sales growth is 98.1% of last 10 years
Cons
- Tax rate seems low
- Company has high debtors of 307 days.
- Promoter holding has decreased over last 3 years: -5.80%
- Working capital days have increased from 181 days to 262 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 5 | 3 | 121 | 258 | 491 | 650 | 1,288 | 1,375 | |
| 5 | 3 | 118 | 251 | 477 | 568 | 929 | 1,036 | |
| Operating Profit | 0 | 0 | 2 | 7 | 14 | 83 | 359 | 339 |
| OPM % | 0% | 2% | 2% | 3% | 3% | 13% | 28% | 25% |
| -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | |
| Interest | -0 | -0 | 1 | 3 | 3 | 5 | 4 | 2 |
| Depreciation | -0 | 0 | 1 | 2 | 2 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 2 | 8 | 77 | 354 | 337 |
| Tax % | -0% | 33% | 29% | 48% | 32% | 35% | 2% | 1% |
| 0 | 0 | 0 | 1 | 6 | 50 | 346 | 333 | |
| EPS in Rs | 0.00 | 0.00 | 0.02 | 0.06 | 0.09 | 0.48 | 3.26 | 3.09 |
| Dividend Payout % | -0% | -0% | -0% | -0% | 1% | 0% | 0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 85% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 147% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -24% |
| 1 Year: | -68% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 44% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 31 | 100 | 103 | 108 |
| Reserves | 0 | 0 | 0 | 2 | 7 | 50 | 448 | 853 |
| 1 | 5 | 31 | 37 | 32 | 60 | 47 | 47 | |
| 1 | 2 | 8 | 4 | 10 | 48 | 49 | 175 | |
| Total Liabilities | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 1,182 |
| 0 | 0 | 10 | 10 | 11 | 4 | 4 | 3 | |
| CWIP | -0 | 3 | 1 | 3 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | 1 | -0 | -0 | -0 | 0 | 0 |
| 12 | 15 | 38 | 39 | 70 | 254 | 642 | 1,179 | |
| Total Assets | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 1,182 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -6 | -18 | -5 | -20 | -3 | -54 | -49 | ||
| -3 | -10 | -1 | -0 | -0 | -0 | -0 | ||
| 4 | 24 | 7 | 19 | 2 | 54 | 48 | ||
| Net Cash Flow | -4 | -3 | 1 | -1 | -0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 94 | 53 | 1 | 23 | 124 | 168 | 307 |
| Inventory Days | 26 | 775 | 45 | 54 | 27 | 18 | 12 | 1 |
| Days Payable | 95 | 253 | 20 | 1 | 2 | 2 | 1 | 55 |
| Cash Conversion Cycle | -20 | 615 | 78 | 54 | 48 | 140 | 178 | 254 |
| Working Capital Days | -14 | 694 | 73 | 47 | 42 | 114 | 167 | 262 |
| ROCE % | 0% | 5% | 12% | 20% | 89% | 42% |
Documents
Announcements
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Revised Standalone And Consolidated Audited Financial Results For The Quarter And Year Ended On 31St March, 2025
6 Jun - FY25 audited results with SEBI allegations, high trade receivables, tax demands, and qualified audit opinion.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - SEBI bans promoters, alleges Rs. 49.94 Cr rights issue diversion; penalties paid, auditor resigned, appeal pending.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Newspaper Advertisement has been attached herewith.
- Standalone And Consolidated Audited Financial Results For The Quarter And Year Ended On 31St March, 2025 22 May
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 22Nd May, 2025
22 May - Audited FY25 results with SEBI allegations of fictitious transactions, Rs 4990L rights issue misuse, high receivables, and tax demands.
Annual reports
Concalls
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Nov 2024TranscriptPPT
-
Oct 2021Transcript PPT
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Jul 2019TranscriptNotesPPT
Product Portfolio
The company is involved in processing, manufacturing, and exporting various types of rice, including brown rice and aged 1121-grade basmati rice, under premium brands like Snowflake and Pristino; mid-range brands such as Jasper and Jasper Tiber; and value-for-money brands like Rozana, Shahryar, and Mahabat. Additionally, it has ventured into value-added products, including regular salt, rock salt, wheat, and pulses [1] [2] [3]
The company's total revenue grew by 158% between FY22 and FY24, primarily driven by contributions from the newly incorporated subsidiary, strong demand for various products in both domestic and international markets, and revenue from new product lines, including rock salt and crystal salt launched in FY23, as well as Himalayan pink salt launched in FY24. [4] [5] [6]