Mishtann Foods Ltd
Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc.[1]
- Market Cap ₹ 1,511 Cr.
- Current Price ₹ 14.0
- High / Low ₹ 26.4 / 13.0
- Stock P/E 4.14
- 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.
- Company's median sales growth is 98.1% of last 10 years
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: | 4% |
| 3 Years: | 12% |
| 1 Year: | -12% |
| 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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Board Meeting Outcome for Revised Outcome
14 Nov - Appointment of new statutory auditor for Mishtann Foods.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Nov - Submission of Investor/Analyst Meet Transcript for Q2 FY25.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Nov - Submission of audio recording for investor call.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Oct - Of Conference Call with Investors and Analysts on the Unaudited Financial Results for the Quarter and half year ended 30th September, 2024 pursuant to Regulation …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Oct - Newspaper Publication for the unaudited half yearly results
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]