SKM Egg Products Export (India) Ltd

SKM Egg Products Export (India) Ltd

₹ 258 -1.23%
13 Dec - close price
About

Incorporated in 1996, SKM Egg Products
Export (India) Ltd is an Export Oriented Undertaking engaged in the production
and sale of eggs and manufacture and
sale of Egg Products[1]

Key Points

Business Overview:[1][2]
SKM is an ISO 22000, ISO 17025, BRC, and HALAL certified integrated quality manufacturer and supplier of egg products mainly for the international market. Company formulates various kinds of egg based mixes for bakery, confectionery, noodles & pasta, meat & fish products, mayonnaise & salad dressing , and also in the health & pharmaceuticals sector

  • Market Cap 680 Cr.
  • Current Price 258
  • High / Low 424 / 212
  • Stock P/E 16.0
  • Book Value 111
  • Dividend Yield 0.97 %
  • ROCE 35.4 %
  • ROE 35.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 77.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.8%
  • Debtor days have improved from 22.2 to 15.1 days.
  • Company's working capital requirements have reduced from 87.5 days to 66.5 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
64.80 76.66 78.49 132.94 160.43 181.74 186.67 210.23 175.68 152.93 162.28 117.84 127.46
63.39 73.01 74.16 118.50 139.24 135.91 143.37 159.90 134.40 132.53 151.75 101.14 113.52
Operating Profit 1.41 3.65 4.33 14.44 21.19 45.83 43.30 50.33 41.28 20.40 10.53 16.70 13.94
OPM % 2.18% 4.76% 5.52% 10.86% 13.21% 25.22% 23.20% 23.94% 23.50% 13.34% 6.49% 14.17% 10.94%
3.22 3.17 0.56 -1.32 0.37 -4.65 3.31 1.85 1.42 0.69 9.27 3.40 3.68
Interest 0.92 0.78 1.58 1.28 2.58 1.77 3.77 2.43 2.52 2.79 2.58 2.84 2.48
Depreciation 3.01 2.40 2.46 2.41 2.65 2.78 2.70 2.65 2.71 2.95 3.20 3.04 3.06
Profit before tax 0.70 3.64 0.85 9.43 16.33 36.63 40.14 47.10 37.47 15.35 14.02 14.22 12.08
Tax % 18.57% 28.02% 42.35% 27.15% 26.09% 25.63% 25.93% 25.05% 24.21% 23.97% 28.46% 15.12% 28.64%
0.57 2.62 0.49 6.87 12.07 27.24 29.73 35.30 28.40 11.67 10.03 12.07 8.62
EPS in Rs 0.22 1.00 0.20 2.59 4.62 10.32 11.28 13.39 10.79 4.45 3.82 4.59 3.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
215 263 290 303 232 318 335 313 269 302 662 701 561
191 233 252 265 238 315 322 306 237 272 518 550 499
Operating Profit 25 30 38 37 -6 3 12 7 32 31 144 151 62
OPM % 11% 11% 13% 12% -3% 1% 4% 2% 12% 10% 22% 22% 11%
7 1 16 13 23 20 9 21 13 8 1 13 17
Interest 12 8 5 3 5 5 4 6 4 4 9 10 11
Depreciation 18 13 13 12 12 13 11 14 21 24 34 40 12
Profit before tax 1 10 35 35 0 5 6 8 21 10 103 114 56
Tax % 29% 29% 27% 30% -567% 72% 20% 38% 21% 28% 26% 25%
1 7 26 25 2 1 5 5 16 7 76 85 42
EPS in Rs 0.38 2.73 9.67 9.32 0.62 0.47 1.84 1.78 6.19 2.82 28.83 32.44 16.14
Dividend Payout % 0% 0% 10% 11% 0% 105% 27% 28% 16% 35% 2% 8%
Compounded Sales Growth
10 Years: 10%
5 Years: 16%
3 Years: 38%
TTM: -26%
Compounded Profit Growth
10 Years: 26%
5 Years: 77%
3 Years: 73%
TTM: -65%
Stock Price CAGR
10 Years: 9%
5 Years: 47%
3 Years: 54%
1 Year: -30%
Return on Equity
10 Years: 22%
5 Years: 26%
3 Years: 33%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 13 20 42 64 65 66 70 73 88 94 168 251 267
88 73 42 36 44 44 45 68 56 79 88 136 146
33 31 40 43 37 45 41 36 39 33 56 56 54
Total Liabilities 160 149 151 169 172 181 183 204 210 233 339 469 493
89 73 67 66 61 64 62 65 69 70 75 114 112
CWIP 0 0 0 1 3 2 5 3 2 1 24 34 54
Investments 0 1 1 1 1 1 1 0 16 16 4 8 8
71 75 82 100 107 114 115 137 122 145 236 313 320
Total Assets 160 149 151 169 172 181 183 204 210 233 339 469 493

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 27 37 30 -4 17 14 -12 26 2 60 109
-11 8 -2 -6 -1 -7 -6 -5 -17 -8 -16 -54
0 -31 -37 -10 -5 -5 -1 -9 -10 -5 -5 13
Net Cash Flow 0 3 -2 13 -10 4 7 -26 -1 -11 39 68

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 21 21 20 31 31 28 28 22 31 21 15
Inventory Days 101 73 90 95 112 65 67 114 158 163 111 99
Days Payable 54 35 39 40 49 47 43 39 35 26 23 21
Cash Conversion Cycle 64 59 72 76 95 49 52 103 145 168 109 94
Working Capital Days 52 44 57 55 91 63 59 97 112 122 74 67
ROCE % 10% 16% 35% 33% 4% 7% 7% 9% 14% 7% 46% 35%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.44% 55.44% 55.44% 55.56% 55.56% 55.56% 55.56% 55.18% 55.11% 55.11% 55.11% 55.11%
0.00% 0.11% 0.00% 0.19% 0.18% 0.58% 0.37% 2.78% 2.40% 2.21% 0.77% 0.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.31% 0.00% 0.00% 0.00%
44.56% 44.45% 44.56% 44.26% 44.27% 43.85% 44.08% 42.03% 42.17% 42.69% 44.13% 44.74%
No. of Shareholders 20,98321,01720,62418,74816,66416,99119,07928,76833,21637,47439,59640,253

* 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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