Mishtann Foods Ltd

Mishtann Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mishtann Foods Ltd

₹ 4.36 -4.60%
28 Mar - close price
mishtann.com BSE: 539594
About

Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]

Key Points

Product Portfolio
The company is involved in processing, manufacturing, and exporting various types of rice, including brown rice and aged 1121-grade basmati rice, under premium brands like Snowflake and Pristino; mid-range brands such as Jasper and Jasper Tiber; and value-for-money brands like Rozana, Shahryar, and Mahabat. Additionally, it has ventured into value-added products, including regular salt, rock salt, wheat, and pulses [1] [2] [3]

The company's total revenue grew by 158% between FY22 and FY24, primarily driven by contributions from the newly incorporated subsidiary, strong demand for various products in both domestic and international markets, and revenue from new product lines, including rock salt and crystal salt launched in FY23, as well as Himalayan pink salt launched in FY24. [4] [5] [6]

Website BSE
  • Market Cap ₹ 470 Cr.
  • Current Price ₹ 4.36
  • High / Low ₹ 21.8 / 4.35
  • Stock P/E 65.0
  • Book Value ₹ 2.66
  • Dividend Yield 0.02 %
  • ROCE 11.2 %
  • ROE 7.68 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of -7.73% over past five years.
  • Company has high debtors of 294 days.
  • Promoter holding has decreased over last 3 years: -5.80%
  • Working capital days have increased from 164 days to 290 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
147.69 153.47 158.27 159.58 163.64 168.89 80.34 80.51 79.83 81.75 122.37 80.93 72.02
134.98 131.14 140.03 141.26 141.02 145.58 72.12 74.08 72.19 76.82 119.74 77.09 69.19
Operating Profit 12.71 22.33 18.24 18.32 22.62 23.31 8.22 6.43 7.64 4.93 2.63 3.84 2.83
OPM % 8.61% 14.55% 11.52% 11.48% 13.82% 13.80% 10.23% 7.99% 9.57% 6.03% 2.15% 4.74% 3.93%
0.00 0.00 0.01 0.00 0.00 0.04 0.01 0.00 0.00 0.05 0.01 0.02 0.09
Interest 0.82 1.15 1.10 1.09 1.37 1.36 1.33 1.15 1.05 0.88 0.57 0.55 0.40
Depreciation 0.24 0.23 0.20 0.20 0.20 0.20 0.17 0.17 0.17 0.17 0.14 0.14 0.14
Profit before tax 11.65 20.95 16.95 17.03 21.05 21.79 6.73 5.11 6.42 3.93 1.93 3.17 2.38
Tax % 30.90% 37.18% 34.93% 35.06% 34.92% 35.11% 34.92% 35.03% 34.89% 39.95% 35.23% 35.02% 34.87%
8.05 13.16 11.03 11.06 13.70 14.14 4.38 3.32 4.18 2.36 1.26 2.06 1.55
EPS in Rs 0.08 0.13 0.11 0.11 0.13 0.14 0.04 0.03 0.04 0.02 0.01 0.02 0.01
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 TTM
0 0 0 116 256 388 482 482 351 499 650 322 357
0 0 0 113 249 374 458 476 344 447 568 295 343
Operating Profit 0 0 0 2 7 13 23 6 7 52 83 27 14
OPM % 23% 2% 3% 3% 5% 1% 2% 10% 13% 8% 4%
0 0 0 0 -0 0 0 0 0 0 0 0 0
Interest 0 0 0 1 3 3 4 4 5 4 5 4 2
Depreciation 0 0 0 1 2 2 2 2 1 1 1 1 1
Profit before tax 0 0 0 1 2 8 18 0 1 47 77 22 11
Tax % 40% 30% 44% 32% 33% 0% 28% 34% 35% 36%
0 0 0 0 1 6 12 0 1 31 50 14 7
EPS in Rs 0.00 0.00 0.00 0.02 0.06 0.09 0.11 0.00 0.01 0.30 0.48 0.13 0.06
Dividend Payout % 0% 0% 0% 1% 2% 167% 7% 1% 0% 1%
Compounded Sales Growth
10 Years: %
5 Years: -8%
3 Years: -3%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 169%
TTM: -72%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: -29%
1 Year: -77%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 24%
Last Year: 8%

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 Sep 2024
Equity Capital 10 10 10 10 10 31 50 50 50 50 100 103 108
Reserves 0 0 0 0 2 7 19 19 20 51 50 116 179
1 1 3 28 35 30 39 50 54 41 60 47 6
0 0 0 7 4 9 6 15 4 19 48 48 49
Total Liabilities 11 11 13 46 50 77 115 134 128 161 258 314 341
0 0 0 9 8 10 8 7 6 5 4 4 3
CWIP 0 0 2 1 3 0 0 0 0 0 0 0 0
Investments 0 0 0 1 0 0 0 0 0 0 0 0 0
11 11 12 36 38 67 106 127 122 156 254 310 338
Total Assets 11 11 13 46 50 77 115 134 128 161 258 314 341

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
-5 -19 -3 -23 -9 3 -5 -12 -3 -54
-2 -9 -5 -0 0 0 -0 0 -0 -0
2 25 7 23 9 -3 5 12 2 54
Net Cash Flow -5 -2 0 -0 0 -0 0 0 -0 -0

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 0 53 0 29 43 75 84 73 124 294
Inventory Days 16,724 45 54 33 32 20 42 33 18 31
Days Payable 1,128 18 1 2 0 4 3 2 2 3
Cash Conversion Cycle 15,595 80 53 61 75 92 123 104 140 322
Working Capital Days 8,876 75 47 53 72 80 120 89 114 290
ROCE % 0% 0% 5% 13% 20% 24% 4% 5% 38% 46% 11%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
49.28% 49.28% 49.28% 49.77% 49.77% 49.82% 49.82% 49.82% 48.38% 46.87% 43.48% 43.48%
0.00% 0.00% 0.00% 0.00% 1.13% 1.58% 2.28% 2.23% 5.02% 2.79% 5.63% 1.46%
50.72% 50.72% 50.72% 50.23% 49.10% 48.62% 47.90% 47.95% 46.60% 50.34% 50.90% 55.06%
No. of Shareholders 16,93849,44771,21988,52494,5921,17,5162,02,0742,54,5833,41,3263,85,9174,23,2544,72,012

* 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.

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