Mukka Proteins Ltd
Incorporated in 2003, Mukka Proteins
Ltd is a manufacturer and exporter
of Fish Meal and Fish oil[1]
- Market Cap ₹ 819 Cr.
- Current Price ₹ 27.3
- High / Low ₹ 47.9 / 24.8
- Stock P/E 19.7
- Book Value ₹ 13.5
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 10.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.2% over past five years.
- Debtor days have increased from 47.4 to 63.8 days.
- Working capital days have increased from 52.8 days to 105 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
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 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|
407 | 546 | 536 | 693 | 1,066 | 1,269 | 887 | 874 | |
383 | 526 | 529 | 660 | 1,000 | 1,187 | 811 | 796 | |
Operating Profit | 25 | 20 | 7 | 33 | 66 | 81 | 76 | 78 |
OPM % | 6% | 4% | 1% | 5% | 6% | 6% | 9% | 9% |
2 | 8 | 9 | 8 | 9 | 20 | 17 | 17 | |
Interest | 4 | 7 | 7 | 8 | 15 | 24 | 34 | 37 |
Depreciation | 2 | 3 | 3 | 4 | 4 | 6 | 6 | 6 |
Profit before tax | 21 | 19 | 6 | 28 | 55 | 72 | 53 | 52 |
Tax % | 25% | 32% | 24% | 30% | 28% | 12% | 21% | |
15 | 13 | 5 | 20 | 39 | 63 | 42 | 42 | |
EPS in Rs | 0.90 | 1.79 | 2.09 | 1.39 | 1.39 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 9% |
TTM: | -26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 30% |
TTM: | -30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 19% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 22 | 22 | 30 | 30 |
Reserves | 40 | 52 | 57 | 60 | 100 | 335 | 374 |
81 | 112 | 126 | 162 | 238 | 332 | 418 | |
70 | 88 | 99 | 84 | 141 | 154 | 152 | |
Total Liabilities | 197 | 257 | 288 | 329 | 500 | 851 | 974 |
44 | 46 | 49 | 50 | 52 | 60 | 60 | |
CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 4 |
Investments | 10 | 7 | 12 | 21 | 24 | 34 | 44 |
143 | 204 | 228 | 259 | 424 | 757 | 867 | |
Total Assets | 197 | 257 | 288 | 329 | 500 | 851 | 974 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-22 | -24 | -2 | -15 | -47 | -141 | -132 | |
-19 | 2 | -5 | -7 | 1 | -46 | -18 | |
31 | 23 | 8 | 27 | 61 | 258 | 60 | |
Net Cash Flow | -10 | 0 | 0 | 5 | 15 | 71 | -91 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 22 | 36 | 18 | 28 | 37 | 41 | 64 |
Inventory Days | 94 | 68 | 108 | 88 | 87 | 135 | 274 |
Days Payable | 59 | 58 | 59 | 44 | 49 | 43 | 69 |
Cash Conversion Cycle | 57 | 47 | 67 | 72 | 75 | 133 | 269 |
Working Capital Days | 9 | 10 | 6 | 6 | 10 | 43 | 105 |
ROCE % | 15% | 6% | 16% | 23% | 18% | 11% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - SCN reduces GST demand from ₹141.06 crore to ₹27.16 lakh; company to contest (noticed 1 Oct 2025).
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Oct - SCN reduced GST demand from ₹141.06 crore to ₹27.16 lakh on Oct 1, 2025; company to contest.
-
Closure of Trading Window
26 Sep - Trading window closed from 1 Oct 2025 until 48 hours after Sep 30, 2025 results declaration.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 19 Sep
-
Clarification On GST Demand Notice.
19 Sep - Received ~₹141.06 crore GST demand for FY2021-22; company will contest, expects no material impact.
Business Overview:[1]
MPL manufactures Fish Protein products and supplies fish meal, fish oil and fish soluble paste
which is an essential ingredient in manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food). Further, fish oil also finds application in pharmaceutical products (Omega-3 pills and related products derived from fish oil), soap manufacturing, leather tanneries and paint industries