SKM Egg Products Export (India) Ltd

SKM Egg Products Export (India) Ltd

₹ 262 -1.39%
01 Jul 10:48 a.m.
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 689 Cr.
  • Current Price 262
  • High / Low 560 / 211
  • Stock P/E 8.20
  • Book Value 104
  • Dividend Yield 0.95 %
  • ROCE 35.3 %
  • ROE 36.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 69.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.2%
  • Company's working capital requirements have reduced from 87.6 days to 67.7 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
64 80 61 74 76 130 164 178 186 203 171 156 159
60 73 60 70 73 116 142 132 142 153 128 136 149
Operating Profit 4 7 1 4 3 14 22 45 43 50 42 21 11
OPM % 6% 9% 2% 5% 5% 11% 13% 25% 23% 25% 25% 13% 7%
2 1 3 3 1 -1 0 -5 2 2 -1 1 9
Interest 1 1 1 1 1 1 3 2 2 2 3 3 3
Depreciation 2 2 2 2 2 2 3 3 3 3 3 3 3
Profit before tax 4 5 1 4 1 9 17 36 40 47 36 16 14
Tax % 23% 28% 12% 28% 35% 28% 25% 26% 26% 25% 25% 24% 28%
3 4 1 3 1 6 12 27 30 35 27 12 10
EPS in Rs 1.17 1.39 0.35 0.99 0.26 2.46 4.72 10.14 11.29 13.26 10.25 4.49 3.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
193 239 271 270 195 282 286 272 246 291 657 690
169 210 234 234 201 280 273 265 214 261 513 566
Operating Profit 25 30 37 35 -5 2 14 8 32 30 144 124
OPM % 13% 12% 14% 13% -3% 1% 5% 3% 13% 10% 22% 18%
7 1 16 13 22 20 9 21 13 9 1 11
Interest 12 8 5 3 5 5 4 6 4 4 9 10
Depreciation 18 13 13 12 12 13 11 14 21 24 34 12
Profit before tax 1 10 35 33 0 4 7 8 20 11 102 112
Tax % 24% 30% 28% 32% -316% 77% 16% 35% 22% 27% 26% 25%
1 7 25 23 2 1 6 5 16 8 75 84
EPS in Rs 0.39 2.59 9.57 8.60 0.68 0.36 2.30 2.01 5.96 2.99 28.64 31.87
Dividend Payout % 0% 0% 10% 12% 0% 0% 22% 25% 17% 33% 2% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 19%
3 Years: 41%
TTM: 5%
Compounded Profit Growth
10 Years: 27%
5 Years: 69%
3 Years: 75%
TTM: 11%
Stock Price CAGR
10 Years: 35%
5 Years: 47%
3 Years: 44%
1 Year: 21%
Return on Equity
10 Years: 22%
5 Years: 27%
3 Years: 33%
Last Year: 36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 12 19 41 60 63 63 68 72 86 91 166 246
86 70 41 36 44 44 44 65 55 79 86 145
17 24 30 28 28 27 26 25 35 30 55 43
Total Liabilities 142 139 139 151 160 160 164 189 203 227 334 461
89 73 67 66 61 64 62 65 69 70 75 114
CWIP 0 0 0 1 3 2 5 3 2 1 24 34
Investments 0 1 1 1 1 1 1 1 17 17 5 7
53 65 70 82 95 94 95 120 115 139 230 306
Total Assets 142 139 139 151 160 160 164 189 203 227 334 461

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 28 -2 15 16 -10 23 -0 63 108
-11 8 -2 -6 -1 -7 -6 -5 -17 -8 -16 -54
0 -31 -37 -10 -5 -5 -2 -9 -8 -5 -5 13
Net Cash Flow 0 4 -2 11 -8 2 8 -24 -2 -13 42 67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 4 16 15 16 26 21 16 20 18 26 20 14
Inventory Days 86 69 84 86 123 62 72 125 175 171 108 86
Days Payable 25 24 21 21 40 26 27 27 32 24 23 17
Cash Conversion Cycle 66 60 78 81 109 57 61 118 161 174 105 83
Working Capital Days 52 43 57 57 102 69 64 103 117 124 71 68
ROCE % 10% 16% 36% 32% 4% 7% 8% 9% 14% 8% 47%

Shareholding Pattern

Numbers in percentages

4 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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