M K Proteins Ltd

M K Proteins Ltd

₹ 7.58 -3.07%
21 Nov - close price
About

Incorporated in 2012, M K Proteins Ltd is engaged in manufacturing, trading, and production of Edible Oils[1]

Key Points

Business Overview:[1][2]
a) MKPL is a Rajkot based partnership firm promoted by Keshariya and Mashru family. It is a part of the Shree Ganesh Fats Group
b) Company is engaged in processing and manufacturing of groundnut refined oil, groundnut oil cake and ground nut seeds
c) It produces rice bran oil, sunflower oil with protein content, with controlled fibre free from oil residue, ash and sand & silica
d) Company's manufacturing process involves refining of Crude Oils to obtain Refined Rice Bran Oil, Canola Oil, Soya Bean Oil, Sunflower Oil and Rice Bran Bleached Oil. During the refining process certain by-products are also manufactured, viz. Rice Bran Fatty Acid Oil, Rice Bran Wax, Gums and Spent Earth which are also saleable
e) Further, it imports crude oils,
process them and sell the finished
product
f) Company also trades in both
edible and non-edible oils.

  • Market Cap 285 Cr.
  • Current Price 7.58
  • High / Low 31.6 / 7.37
  • Stock P/E 22.8
  • Book Value 1.74
  • Dividend Yield 0.00 %
  • ROCE 18.7 %
  • ROE 20.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.9%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 9.36% over past five years.

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Figures in Rs. Crores

Mar 2017 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
53.59 76.20 13.64 68.86 86.87 57.33 33.69
51.69 72.21 13.00 65.30 78.44 53.59 31.46
Operating Profit 1.90 3.99 0.64 3.56 8.43 3.74 2.23
OPM % 3.55% 5.24% 4.69% 5.17% 9.70% 6.52% 6.62%
0.01 0.00 0.03 0.01 0.41 0.00 0.21
Interest 0.69 0.52 0.04 0.11 0.40 0.33 0.03
Depreciation 0.30 0.12 0.12 0.12 0.18 0.07 0.07
Profit before tax 0.92 3.35 0.51 3.34 8.26 3.34 2.34
Tax % 36.96% 25.67% 21.57% 25.75% 29.42% 25.45% 25.21%
0.57 2.49 0.41 2.48 5.83 2.48 1.74
EPS in Rs 0.02 0.07 0.01 0.07 0.16 0.07 0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
85 122 123 145 165 172 157 194 311 256 315 245 247
84 119 119 141 160 166 152 189 295 240 298 229 229
Operating Profit 2 3 4 4 5 6 5 5 16 16 17 17 18
OPM % 2% 2% 3% 3% 3% 3% 3% 2% 5% 6% 5% 7% 7%
0 0 0 0 0 0 0 0 0 0 1 0 1
Interest 1 2 2 2 2 2 2 2 1 1 2 1 1
Depreciation 0 0 1 1 1 1 1 1 1 1 1 1 0
Profit before tax 1 1 1 1 2 2 2 2 14 14 15 15 17
Tax % 33% 33% 32% 31% 35% 35% 28% 26% 27% 27% 27% 28%
1 0 1 1 1 1 2 2 10 10 11 11 13
EPS in Rs 0.88 0.82 1.40 1.20 0.04 0.04 0.04 0.05 0.28 0.27 0.29 0.30 0.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: -8%
TTM: -22%
Compounded Profit Growth
10 Years: 37%
5 Years: 47%
3 Years: 3%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 74%
1 Year: -72%
Return on Equity
10 Years: 24%
5 Years: 25%
3 Years: 24%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

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 0.68 0.68 0.68 0.68 3 4 4 4 4 4 13 38 38
Reserves 1 1 2 3 2 11 13 15 25 35 37 24 28
18 28 20 26 31 33 26 31 25 37 46 20 1
2 2 13 10 12 8 4 7 13 10 8 15 4
Total Liabilities 21 32 35 39 47 56 47 57 67 86 103 96 71
3 3 6 7 7 6 4 3 2 3 3 3 3
CWIP 0 3 0 0 0 0 0 0 0 0 0 6 6
Investments 0 0 0 0 0 0 0 0 0 0 0 0 20
18 26 29 32 40 50 43 53 65 83 100 88 43
Total Assets 21 32 35 39 47 56 47 57 67 86 103 96 71

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-14 -5 11 -4 -4 -12 6 -4 6 -10 -8 32
-4 -3 -0 -2 -1 -0 0 0 -0 -2 0 -6
18 8 -10 6 5 12 -7 4 -5 12 8 -27
Net Cash Flow 0 -0 -0 0 -0 0 -0 0 -0 0 0 0

Ratios

Figures in Rs. Crores

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 32 19 16 27 10 39 25 18 24 42 19 5
Inventory Days 40 62 70 57 83 69 75 79 48 80 91 134
Days Payable 6 6 39 22 23 12 6 8 10 8 6 19
Cash Conversion Cycle 65 75 47 62 70 97 94 89 62 114 104 120
Working Capital Days 64 69 47 54 60 89 89 86 60 104 105 106
ROCE % 10% 14% 13% 12% 11% 8% 8% 29% 23% 20% 19%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.83% 74.83% 74.83%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.00%
25.17% 25.18% 25.18% 25.18% 25.18% 25.18% 25.17% 25.17% 25.18% 25.16% 25.15% 25.17%
No. of Shareholders 44344257871503441,4546,58737,28936,01843,395

* 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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