Mukka Proteins Ltd
Incorporated in 2003, Mukka Proteins
Ltd is a manufacturer and exporter
of Fish Meal and Fish oil[1]
- Market Cap ₹ 754 Cr.
- Current Price ₹ 25.3
- High / Low ₹ 33.3 / 18.3
- Stock P/E 10.9
- Book Value ₹ 16.6
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 11.1 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 63.0 days to 45.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Animal Feed
Part of BSE Fast Moving Consumer Goods
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 409 | 549 | 604 | 770 | 1,177 | 1,380 | 1,006 | 1,449 | 1,768 | |
| 385 | 525 | 582 | 723 | 1,091 | 1,274 | 912 | 1,335 | 1,622 | |
| Operating Profit | 23 | 24 | 22 | 48 | 86 | 105 | 95 | 115 | 147 |
| OPM % | 6% | 4.3% | 3.6% | 6% | 7% | 8% | 9% | 8% | 8% |
| 2 | 8 | 10 | 7 | 8 | 19 | 16 | 31 | 31 | |
| Interest | 4 | 7 | 8 | 10 | 16 | 25 | 37 | 54 | 59 |
| Depreciation | 2 | 5 | 8 | 9 | 12 | 12 | 14 | 17 | 18 |
| Profit before tax | 19 | 20 | 15 | 36 | 66 | 87 | 60 | 75 | 100 |
| Tax % | 27% | 31% | 29% | 28% | 28% | 15% | 20% | 24% | |
| 14 | 14 | 11 | 26 | 48 | 74 | 48 | 57 | 74 | |
| EPS in Rs | 1.10 | 2.00 | 2.34 | 1.55 | 1.74 | 2.31 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 7% |
| TTM: | 76% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 6% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 14% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 22 | 22 | 30 | 30 | 30 |
| Reserves | 38 | 51 | 61 | 76 | 126 | 366 | 411 | 469 |
| 83 | 142 | 159 | 175 | 262 | 365 | 453 | 779 | |
| 74 | 95 | 129 | 119 | 166 | 179 | 183 | 343 | |
| Total Liabilities | 201 | 293 | 355 | 392 | 575 | 941 | 1,076 | 1,621 |
| 49 | 78 | 79 | 83 | 85 | 85 | 94 | 194 | |
| CWIP | 0 | 2 | 4 | 0 | 0 | 0 | 9 | 31 |
| Investments | 8 | 4 | 12 | 21 | 21 | 31 | 37 | 56 |
| 144 | 209 | 260 | 289 | 469 | 825 | 937 | 1,341 | |
| Total Assets | 201 | 293 | 355 | 392 | 575 | 941 | 1,076 | 1,621 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -20 | -25 | 2 | 5 | -56 | -150 | -112 | -111 | |
| -23 | -28 | -14 | -11 | -3 | -48 | -35 | -146 | |
| 34 | 54 | 13 | 15 | 75 | 266 | 56 | 267 | |
| Net Cash Flow | -9 | 1 | 2 | 8 | 15 | 68 | -91 | 10 |
| Free Cash Flow | -39 | -61 | -8 | -1 | -64 | -165 | -130 | -230 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -67% | -81% | 29% | 22% | -52% | -118% | -114% | -84% |
Ratios
Consolidated / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 23 | 29 | 29 | 35 | 49 | 72 | 46 |
| Inventory Days | 95 | 89 | 106 | 95 | 89 | 136 | 266 | 267 |
| Days Payable | 63 | 63 | 71 | 56 | 51 | 44 | 67 | 75 |
| Cash Conversion Cycle | 57 | 49 | 64 | 68 | 73 | 141 | 272 | 238 |
| Working Capital Days | 4 | -9 | -12 | -1 | 10 | 45 | 99 | 45 |
| ROCE % | 15% | 9% | 18% | 24% | 19% | 12% | 12% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Export Revenue Share % |
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| Number of Customers Served count |
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| Fish Meal Installed Capacity MT/year |
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| Top 10 Customer Concentration % |
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| Fish Meal Capacity Utilization % |
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| Fish Meal Production Volume MT |
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| Fish Oil Production Volume MT |
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| Insect Protein Waste Processing Capacity TPD |
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| Insect Protein Wet Waste Processed Tons |
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Extracted by Screener AI
Documents
Announcements
-
Intimation Of Commencement Of Commercial Production By Overseas Subsidiary.
- United Gulf Fishery Products LLC began commercial production in Oman on 9 October 2026.
-
Intimation Of Giving Corporate Guarantee And Security By The Company.
- Mukka Proteins approved ₹73.58 crore guarantee, SBLC and fixed deposit security for Oman subsidiary's HDFC Bank facilities.
-
Announcement under Regulation 30 (LODR)-Credit Rating
- CARE reaffirmed Mukka Proteins’ ₹495 crore bank facilities at BBB-/A3; outlook revised to Stable from Negative.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
-
Intimation Of Receipt Of USDA NOP - Inputs Attestation.
- USDA NOP attestation received for Eco Sphere Organic Fertilizer, valid till March 31, 2028.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
Business Overview:[1]
The company is one of India's largest manufacturers and exporters of fishmeal,
fish oil and fish soluble paste, holding an estimated 25–30% share of India's fishmeal/fish-oil segment by revenue and has evolved into a four-vertical platform spanning
-Fish Protein
-Alternate (Insect) Protein
-Waste Management & Environmental Solutions
-Frozen & Value-Added Marine Products.