Mishtann Foods Ltd
Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]
- Market Cap ₹ 351 Cr.
- Current Price ₹ 3.26
- High / Low ₹ 6.08 / 2.97
- Stock P/E 1.98
- 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 0.27 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: | -19% |
| 3 Years: | -36% |
| 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 |
|
||||||
| States Presence in India states ・Standalone data |
|||||||
| Super Stockists count ・Standalone data |
|||||||
| Retailer Network retailers ・Standalone data |
|||||||
| Product SKUs SKUs ・Standalone data |
|||||||
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
-
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 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]