Mishtann Foods Ltd
Mishtann Foods Limited processes/trades basmati and other rice, wheat, food grains, and salt. Its Indian plant at Himatnagar/Talod, Gujarat has a stated rice-processing capacity of 45 MT/hour. [1]
- Market Cap ₹ 338 Cr.
- Current Price ₹ 3.14
- High / Low ₹ 5.89 / 2.97
- Stock P/E 1.89
- Book Value ₹ 12.1
- Dividend Yield 0.00 %
- ROCE 22.5 %
- ROE 23.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.26 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 42.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 719 days.
- Promoter holding has decreased over last 3 years: -6.34%
- Working capital days have increased from 281 days to 425 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 3 | 121 | 258 | 491 | 650 | 1,288 | 1,375 | 1,153 | 772 | |
| 5 | 3 | 118 | 251 | 477 | 568 | 929 | 1,036 | 886 | 591 | |
| Operating Profit | 0 | 0 | 2 | 7 | 14 | 83 | 359 | 339 | 267 | 181 |
| OPM % | 0.4% | 2.0% | 2.1% | 2.8% | 2.8% | 13% | 28% | 25% | 23% | 23% |
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 3 | 3 | 5 | 4 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 0 | 0 |
| Profit before tax | 0 | 0 | 1 | 2 | 8 | 77 | 354 | 337 | 265 | 179 |
| Tax % | 0% | 33% | 29% | 48% | 32% | 35% | 2% | 1% | 1% | |
| 0 | 0 | 0 | 1 | 6 | 50 | 346 | 333 | 263 | 178 | |
| EPS in Rs | 0.00 | 0.00 | 0.02 | 0.06 | 0.09 | 0.48 | 3.26 | 3.09 | 2.44 | 1.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 1% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | -44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 91% |
| 5 Years: | % |
| 3 Years: | 74% |
| TTM: | -49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -25% |
| 3 Years: | -38% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| Last Year: | 23% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 31 | 100 | 103 | 108 | 108 |
| Reserves | 0 | 0 | 0 | 2 | 7 | 50 | 448 | 853 | 1,193 |
| 1 | 5 | 31 | 37 | 32 | 60 | 47 | 47 | 62 | |
| 1 | 2 | 8 | 4 | 10 | 48 | 49 | 175 | 921 | |
| Total Liabilities | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 1,182 | 2,284 |
| 0 | 0 | 10 | 10 | 11 | 4 | 4 | 3 | 3 | |
| CWIP | 0 | 3 | 1 | 3 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 | 15 | 38 | 39 | 70 | 254 | 642 | 1,179 | 2,281 | |
| Total Assets | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 1,182 | 2,284 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -6 | -18 | -5 | -20 | -3 | -54 | -73 | -66 | ||
| -3 | -10 | -1 | -0 | -0 | -0 | -0 | 0 | ||
| 4 | 24 | 7 | 19 | 2 | 54 | 77 | 65 | ||
| Net Cash Flow | -4 | -3 | 1 | -1 | -0 | 0 | 3 | -0 | |
| Free Cash Flow | -9 | -27 | -6 | -20 | -3 | -54 | -73 | -66 | |
| CFO/OP | -9,683% | -717% | -70% | -136% | 29% | -13% | -22% | -24% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 94 | 53 | 1 | 23 | 124 | 168 | 307 | 719 |
| Inventory Days | 26 | 775 | 45 | 54 | 27 | 18 | 12 | 1 | 1 |
| Days Payable | 95 | 253 | 20 | 1 | 2 | 2 | 1 | 55 | 431 |
| Cash Conversion Cycle | -20 | 615 | 78 | 54 | 48 | 140 | 178 | 254 | 290 |
| Working Capital Days | -14 | 694 | 33 | 18 | 30 | 91 | 159 | 261 | 425 |
| ROCE % | 0% | 5% | 12% | 20% | 89% | 42% | 22% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Processing Capacity MT per hour ・Standalone data |
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| States Presence in India states ・Standalone data |
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| Super Stockists count ・Standalone data |
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| Retailer Network retailers ・Standalone data |
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| Product SKUs SKUs ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Reconstitution Of Board Commitees
- 08 Aug 2026 board approved Q1 FY27 results; noted independent director resignation, committee reconstitution, qualified auditor concerns.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Q1 FY27 results approved; independent director resigned; committees reconstituted; auditors issued qualified report.
- Un-Audited (Standalone & Consolidated) Financial Results For The Quarter Ended June 30, 2026
-
Board Meeting Outcome for Outcome Of The Meeting Of Board Held On August 08, 2026
- Q1 FY27 results approved; independent director resigned; auditor cites SEBI/GST/tax concerns and going-concern uncertainty.
-
Board Meeting Intimation for Considering The Un-Audited (Standalone & Consolidated) Financial Results For The Quarter Ended June 30, 2026.
- Board meets August 8, 2026 to approve Q1 FY2026-27 standalone and consolidated results.
Annual reports
Concalls
-
Nov 2024TranscriptPPT
-
Oct 2021Transcript PPT
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Jul 2019TranscriptAI SummaryPPT
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 portfolio covers premium, mid-market, and value basmati/other rice, wheat, pulses, and food grains, regular and rock salt, and Himalayan pink salt.