Mukka Proteins Ltd
Incorporated in 2003, It is an animal protein company, primarily engaged in the production of Fish Meal, Fish Oil and Fish Soluble Paste as well as developing alternative proteins such as Black Soldier Fly (BSF) Insect meal in the animal food segment.[1]
- Market Cap ₹ 1,274 Cr.
- Current Price ₹ 42.4
- High / Low ₹ 56.6 / 30.0
- Stock P/E 18.1
- Book Value ₹ 13.2
- Dividend Yield 0.00 %
- ROCE 18.8 %
- ROE 25.6 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 38.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 37.7 to 49.0 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.
Peer comparison
Sector: Miscellaneous Industry: Food - Processing - Indian
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 | TTM | |
---|---|---|---|---|---|---|---|
409 | 549 | 604 | 770 | 1,177 | 1,380 | 1,278 | |
385 | 525 | 582 | 723 | 1,091 | 1,274 | 1,175 | |
Operating Profit | 23 | 24 | 22 | 48 | 86 | 105 | 103 |
OPM % | 6% | 4% | 4% | 6% | 7% | 8% | 8% |
2 | 8 | 10 | 7 | 8 | 19 | 22 | |
Interest | 4 | 7 | 8 | 10 | 16 | 25 | 27 |
Depreciation | 2 | 5 | 8 | 9 | 12 | 12 | 13 |
Profit before tax | 19 | 20 | 15 | 36 | 66 | 87 | 85 |
Tax % | 27% | 31% | 29% | 28% | 28% | 15% | |
14 | 14 | 11 | 26 | 48 | 74 | 75 | |
EPS in Rs | 1.10 | 2.00 | 2.34 | 2.81 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 32% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 123% |
TTM: | 58% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 29% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 22 | 22 | 30 |
Reserves | 38 | 51 | 61 | 76 | 126 | 366 |
83 | 142 | 159 | 175 | 262 | 365 | |
74 | 95 | 129 | 119 | 166 | 179 | |
Total Liabilities | 201 | 293 | 355 | 392 | 575 | 941 |
49 | 78 | 79 | 83 | 85 | 85 | |
CWIP | 0 | 2 | 4 | 0 | 0 | 0 |
Investments | 8 | 4 | 12 | 21 | 21 | 31 |
144 | 209 | 260 | 289 | 469 | 825 | |
Total Assets | 201 | 293 | 355 | 392 | 575 | 941 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
-20 | -25 | 2 | 5 | -56 | -150 | |
-23 | -28 | -14 | -11 | -3 | -51 | |
34 | 54 | 13 | 15 | 75 | 266 | |
Net Cash Flow | -9 | 1 | 2 | 8 | 15 | 65 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 25 | 23 | 29 | 29 | 35 | 49 |
Inventory Days | 95 | 89 | 106 | 95 | 89 | 136 |
Days Payable | 63 | 63 | 71 | 56 | 51 | 44 |
Cash Conversion Cycle | 57 | 49 | 64 | 68 | 73 | 141 |
Working Capital Days | 63 | 76 | 79 | 77 | 88 | 139 |
ROCE % | 15% | 9% | 18% | 24% | 19% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - Certificate under Regulation 74(5) for Q3 2024.
-
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
30 Sep - Executed share transfer agreement for MSFI (Bangladesh) Limited.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
27 Sep - Mukka Proteins acquires 74% stake in Ento Proteins.
- Closure of Trading Window 27 Sep
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 27 Sep
Leading Fish Meal Manufacturer[1] The company is a leading player in Indian fish protein industry contributing 25-30% to the Indian fish meal and fish oil industry.