SKM Egg Products Export (India) Ltd

SKM Egg Products Export (India) Ltd

₹ 278 -0.32%
19 Apr - close price
About

SKM Egg Products Export (India) Ltd is engaged in the manufacture and sale of egg powder and liquid egg with varieties of blends used in various segments of the food industry and in the health sector.[1]

Key Points

Products Portfolio
Egg Powder: Whole Egg Powder, Egg Yolk Powder, and Egg Albumen Powder. [1]
Bakery Mix: These are a specialized range of spray-dried egg blends either co-dried or dry-blended with sugar, salt, flour, or other ingredients. [2]
Liquid Eggs: Whole Egg Liquid, Egg Yolk Liquid, Egg Albumen Liquid, and Customized Egg Liquids. [3]

  • Market Cap 733 Cr.
  • Current Price 278
  • High / Low 560 / 138
  • Stock P/E 7.08
  • Book Value 93.9
  • Dividend Yield 0.90 %
  • ROCE 46.8 %
  • ROE 48.7 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 139% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.2%
  • Company has been maintaining a healthy dividend payout of 17.3%
  • Company's working capital requirements have reduced from 104 days to 71.0 days

Cons

* 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
64 64 80 61 74 76 130 164 178 186 203 171 156
60 60 73 60 70 73 116 142 132 142 153 128 136
Operating Profit 4 4 7 1 4 3 14 22 45 43 50 42 21
OPM % 6% 6% 9% 2% 5% 5% 11% 13% 25% 23% 25% 25% 13%
2 2 1 3 3 1 -1 0 -5 2 2 -1 1
Interest 1 1 1 1 1 1 1 3 2 2 2 3 3
Depreciation 2 2 2 2 2 2 2 3 3 3 3 3 3
Profit before tax 4 4 5 1 4 1 9 17 36 40 47 36 16
Tax % 23% 23% 28% 12% 28% 35% 28% 25% 26% 26% 25% 25% 24%
3 3 4 1 3 1 6 12 27 30 35 27 12
EPS in Rs 1.17 1.17 1.39 0.35 0.99 0.26 2.46 4.72 10.14 11.29 13.26 10.25 4.49
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
127 193 239 271 270 195 282 286 272 246 291 657 716
121 169 210 234 234 201 280 273 265 214 261 513 560
Operating Profit 6 25 30 37 35 -5 2 14 8 32 30 144 156
OPM % 4% 13% 12% 14% 13% -3% 1% 5% 3% 13% 10% 22% 22%
-2 7 1 16 13 22 20 9 21 13 9 1 3
Interest 12 12 8 5 3 5 5 4 6 4 4 9 10
Depreciation 9 18 13 13 12 12 13 11 14 21 24 34 11
Profit before tax -17 1 10 35 33 0 4 7 8 20 11 102 138
Tax % 32% 24% 30% 28% 32% -316% 77% 16% 35% 22% 27% 26%
-12 1 7 25 23 2 1 6 5 16 8 75 103
EPS in Rs -4.41 0.39 2.59 9.57 8.60 0.68 0.36 2.30 2.01 5.96 2.99 28.64 39.29
Dividend Payout % 0% 0% 0% 10% 12% 0% 0% 22% 25% 17% 33% 2%
Compounded Sales Growth
10 Years: 13%
5 Years: 18%
3 Years: 34%
TTM: 31%
Compounded Profit Growth
10 Years: 54%
5 Years: 139%
3 Years: 142%
TTM: 123%
Stock Price CAGR
10 Years: 37%
5 Years: 40%
3 Years: 82%
1 Year: 95%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 26%
Last Year: 49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 11 12 19 41 60 63 63 68 72 86 91 166 221
91 86 70 41 36 44 44 44 65 55 79 86 140
18 17 24 30 28 28 27 26 25 35 30 55 57
Total Liabilities 146 142 139 139 151 160 160 164 189 203 227 334 444
96 89 73 67 66 61 64 62 65 69 70 75 85
CWIP 0 0 0 0 1 3 2 5 3 2 1 24 40
Investments 0 0 1 1 1 1 1 1 1 17 17 5 5
50 53 65 70 82 95 94 95 120 115 139 230 314
Total Assets 146 142 139 139 151 160 160 164 189 203 227 334 444

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 11 27 37 28 -2 15 16 -10 23 -0 63
-0 -11 8 -2 -6 -1 -7 -6 -5 -17 -8 -16
-2 0 -31 -37 -10 -5 -5 -2 -9 -8 -5 -5
Net Cash Flow 3 0 4 -2 11 -8 2 8 -24 -2 -13 42

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 4 16 15 16 26 21 16 20 18 26 20
Inventory Days 71 86 69 84 86 123 62 72 125 175 171 108
Days Payable 57 25 24 21 21 40 26 27 27 32 24 23
Cash Conversion Cycle 31 66 60 78 81 109 57 61 118 161 174 105
Working Capital Days 47 52 43 57 57 102 69 64 103 117 124 71
ROCE % -4% 10% 16% 36% 32% 4% 7% 8% 9% 14% 8% 47%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.16% 55.30% 55.44% 55.44% 55.44% 55.56% 55.56% 55.56% 55.56% 55.18% 55.11% 55.11%
0.00% 0.02% 0.00% 0.11% 0.00% 0.19% 0.18% 0.58% 0.37% 2.78% 2.40% 2.21%
0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.31% 0.00%
44.83% 44.67% 44.56% 44.45% 44.56% 44.26% 44.27% 43.85% 44.08% 42.03% 42.17% 42.69%
No. of Shareholders 19,03720,28420,98321,01720,62418,74816,66416,99119,07928,76833,21637,474

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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