Mishtann Foods Ltd
Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]
- Market Cap ₹ 793 Cr.
- Current Price ₹ 7.36
- High / Low ₹ 26.4 / 7.30
- Stock P/E 2.17
- Book Value ₹ 7.38
- Dividend Yield 0.01 %
- ROCE 88.7 %
- ROE 98.7 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.02 times its book value
Cons
- Promoter holding has decreased over last quarter: -3.39%
- Tax rate seems low
- Company has high debtors of 168 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 5 | 3 | 121 | 258 | 491 | 650 | 1,288 | 1,393 | |
| 5 | 3 | 118 | 251 | 477 | 568 | 929 | 1,018 | |
| Operating Profit | 0 | 0 | 2 | 7 | 14 | 83 | 359 | 374 |
| OPM % | 0% | 2% | 2% | 3% | 3% | 13% | 28% | 27% |
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 3 | 3 | 5 | 4 | 3 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 2 | 8 | 77 | 354 | 371 |
| Tax % | 0% | 33% | 29% | 48% | 32% | 35% | 2% | |
| 0 | 0 | 0 | 1 | 6 | 50 | 346 | 365 | |
| EPS in Rs | 0.00 | 0.00 | 0.02 | 0.06 | 0.09 | 0.48 | 3.26 | 3.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 1% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 75% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 184% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 593% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -4% |
| 1 Year: | -54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 99% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 31 | 100 | 103 | 108 |
| Reserves | 0 | 0 | 0 | 2 | 7 | 50 | 448 | 687 |
| 1 | 5 | 31 | 37 | 32 | 60 | 47 | 6 | |
| 1 | 2 | 8 | 4 | 10 | 48 | 49 | 49 | |
| Total Liabilities | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 850 |
| 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 | 846 | |
| Total Assets | 12 | 17 | 49 | 53 | 81 | 258 | 646 | 850 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| -6 | -18 | -5 | -20 | -3 | -54 | ||
| -3 | -10 | -1 | -0 | -0 | -0 | ||
| 4 | 24 | 7 | 19 | 2 | 54 | ||
| Net Cash Flow | -4 | -3 | 1 | -1 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 94 | 53 | 1 | 23 | 124 | 168 |
| Inventory Days | 26 | 775 | 45 | 54 | 27 | 18 | 12 |
| Days Payable | 95 | 253 | 20 | 1 | 2 | 2 | 1 |
| Cash Conversion Cycle | -20 | 615 | 78 | 54 | 48 | 140 | 178 |
| Working Capital Days | -14 | 694 | 73 | 47 | 42 | 114 | 167 |
| ROCE % | 0% | 5% | 12% | 20% | 89% |
Documents
Announcements
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Further Clarification On Show Cause Notice Issued By SEBI
9 Dec - Clarification on SEBI show cause notice allegations.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
6 Dec - SEBI issues interim order against Mishtann Foods for financial irregularities.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
6 Dec - SEBI issues interim order against Mishtann Foods for financial irregularities.
-
Clarification Of The Company On Show Cause Notice Received From SEBI
6 Dec - Mishtann Foods clarifies SEBI show cause notice allegations.
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Announcement For Signing Of Agreement With Renowned Artist Ms. Rashmika Mandanna
25 Nov - Mishtann Foods signs Rashmika Mandanna as brand ambassador.
Annual reports
Concalls
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Nov 2024TranscriptPPT
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Oct 2021Transcript PPT
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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]