Mukka Proteins Ltd
Incorporated in 2003, Mukka Proteins
Ltd is a manufacturer and exporter
of Fish Meal and Fish oil[1]
- Market Cap ₹ 830 Cr.
- Current Price ₹ 27.7
- High / Low ₹ 47.9 / 24.8
- Stock P/E 20.0
- 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: | -39% |
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)-Press Release / Media Release
2 Sep - Acquired 51% of FABBCO for ₹5.95 crore on Sep 2, 2025; expands BSF capacity, Bengaluru 300 TPD operational.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
2 Sep - Acquired 51% (4,858 shares) of FABBCO on 02-09-2025 for Rs.5,95,10,500.
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
2 Sep - Mukka acquires 51% of FABBCO via 2,436 subscriptions and 2,422 transfers at Rs12,250/share, agreements dated 02-09-2025.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
29 Aug - Invested Rs.1,00,00,000 for 51% stake in Mukka Frozen Impex; remaining tranches by 31-12-2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Aug - Copy of newspaper publication of AGM Notice and details of e-voting.
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