Mishtann Foods Ltd
Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]
- Market Cap ₹ 578 Cr.
- Current Price ₹ 5.36
- High / Low ₹ 15.9 / 4.28
- Stock P/E 1.67
- Book Value ₹ 8.92
- Dividend Yield 0.02 %
- ROCE 42.2 %
- ROE 44.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
- Company's median sales growth is 98.1% of last 10 years
Cons
- Tax rate seems low
- Company has high debtors of 307 days.
- Promoter holding has decreased over last 3 years: -5.80%
- Working capital days have increased from 168 days to 256 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 5 | 3 | 121 | 258 | 491 | 650 | 1,288 | 1,375 | 1,382 | |
| 5 | 3 | 118 | 251 | 477 | 568 | 929 | 1,036 | 1,031 | |
| Operating Profit | 0 | 0 | 2 | 7 | 14 | 83 | 359 | 339 | 351 |
| OPM % | 0% | 2% | 2% | 3% | 3% | 13% | 28% | 25% | 25% |
| -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | -0 | -0 | 1 | 3 | 3 | 5 | 4 | 2 | 2 |
| Depreciation | -0 | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 2 | 8 | 77 | 354 | 337 | 349 |
| Tax % | -0% | 33% | 29% | 48% | 32% | 35% | 2% | 1% | |
| 0 | 0 | 0 | 1 | 6 | 50 | 346 | 333 | 346 | |
| EPS in Rs | 0.00 | 0.00 | 0.02 | 0.06 | 0.09 | 0.48 | 3.26 | 3.09 | 3.21 |
| Dividend Payout % | -0% | -0% | -0% | -0% | 1% | 0% | 0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 85% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 147% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -16% |
| 1 Year: | -63% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 44% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 31 | 100 | 103 | 108 |
| Reserves | 0 | 0 | 0 | 2 | 7 | 50 | 448 | 853 |
| 1 | 5 | 31 | 37 | 32 | 60 | 47 | 47 | |
| 1 | 2 | 8 | 4 | 10 | 48 | 49 | 175 | |
| Total Liabilities | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 1,182 |
| 0 | 0 | 10 | 10 | 11 | 4 | 4 | 3 | |
| CWIP | -0 | 3 | 1 | 3 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | 1 | -0 | -0 | -0 | 0 | 0 |
| 12 | 15 | 38 | 39 | 70 | 254 | 642 | 1,179 | |
| Total Assets | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 1,182 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -6 | -18 | -5 | -20 | -3 | -54 | -49 | ||
| -3 | -10 | -1 | -0 | -0 | -0 | -0 | ||
| 4 | 24 | 7 | 19 | 2 | 54 | 48 | ||
| Net Cash Flow | -4 | -3 | 1 | -1 | -0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 94 | 53 | 1 | 23 | 124 | 168 | 307 |
| Inventory Days | 26 | 775 | 45 | 54 | 27 | 18 | 12 | 1 |
| Days Payable | 95 | 253 | 20 | 1 | 2 | 2 | 1 | 55 |
| Cash Conversion Cycle | -20 | 615 | 78 | 54 | 48 | 140 | 178 | 254 |
| Working Capital Days | -14 | 694 | 33 | 18 | 30 | 91 | 159 | 256 |
| ROCE % | 0% | 5% | 12% | 20% | 89% | 42% |
Documents
Announcements
-
Re-Constitution Of Committees
24 Sep - Re-appointed MD Hiteshkumar Patel (24/09/2025–23/09/2030); he holds 43.48%. Independent director resigned; committees reconstituted.
-
Closure of Trading Window
24 Sep - Trading window closed Oct 1, 2025 until 48 hours after unaudited Q2/H1 results announcement for Sept 30, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
24 Sep - Reappointed MD H. Patel for 24/09/2025–23/09/2030; Independent Director Bhumi Gor resigned; committees reconstituted.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
24 Sep - MD reappointed five-year term 24 Sep 2025–23 Sep 2030; independent director resigned effective 24 Sep 2025.
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On Wednesday, 24Th September, 2025
24 Sep - MD Hiteshkumar Patel reappointed for five years (24/9/2025–23/9/2030); committees reconstituted; independent director resigned.
Annual reports
Concalls
-
Nov 2024TranscriptPPT
-
Oct 2021Transcript PPT
-
Jul 2019TranscriptNotesPPT
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]