Mukka Proteins Ltd

Mukka Proteins Ltd

₹ 40.6 -0.29%
22 Nov - close price
About

Incorporated in 2003, Mukka Proteins
Ltd is a manufacturer and exporter
of Fish Meal and Fish oil[1]

Key Points

Business Overview:[1]
MPL manufactures Fish Protein products and supplies fish meal, fish oil and fish soluble paste
which is an essential ingredient in manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food). Further, fish oil also finds application in pharmaceutical products (Omega-3 pills and related products derived from fish oil), soap manufacturing, leather tanneries and paint industries

  • Market Cap 1,217 Cr.
  • Current Price 40.6
  • High / Low 56.6 / 30.0
  • Stock P/E 34.9
  • Book Value 12.2
  • Dividend Yield 0.00 %
  • ROCE 17.5 %
  • ROE 24.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 31.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Earnings include an other income of Rs.19.0 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
359.11 365.53 239.22 314.93 483.64 230.76 148.42 126.09
338.61 324.53 227.54 279.23 472.05 208.52 140.39 117.85
Operating Profit 20.50 41.00 11.68 35.70 11.59 22.24 8.03 8.24
OPM % 5.71% 11.22% 4.88% 11.34% 2.40% 9.64% 5.41% 6.54%
5.30 -0.21 2.78 4.50 8.42 4.55 3.06 2.92
Interest 3.87 6.08 5.42 5.93 5.37 7.47 7.43 7.86
Depreciation 1.08 1.30 1.34 1.39 1.43 1.46 1.53 1.59
Profit before tax 20.85 33.41 7.70 32.88 13.21 17.86 2.13 1.71
Tax % 22.49% 32.71% 43.12% 17.88% 31.49% -24.97% 38.03% -27.49%
16.18 22.47 4.38 27.01 9.05 22.32 1.32 2.17
EPS in Rs 0.74 1.02 0.20 1.23 0.41 0.74 0.04 0.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
407 546 536 693 1,066 1,269 989
383 526 529 660 1,000 1,187 939
Operating Profit 25 20 7 33 66 81 50
OPM % 6% 4% 1% 5% 6% 6% 5%
2 8 9 8 9 20 19
Interest 4 7 7 8 15 24 28
Depreciation 2 3 3 4 4 6 6
Profit before tax 21 19 6 28 55 72 35
Tax % 25% 32% 24% 30% 28% 12%
15 13 5 20 39 63 35
EPS in Rs 0.90 1.79 2.09 1.26
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 33%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 185%
TTM: -50%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 28%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 22 22 30 30
Reserves 40 52 57 60 100 335 336
81 112 126 162 238 332 393
70 88 99 84 141 154 38
Total Liabilities 197 257 288 329 500 851 797
44 46 49 50 52 60 61
CWIP 0 1 0 0 0 0 0
Investments 10 7 12 21 24 34 42
143 204 228 259 424 757 695
Total Assets 197 257 288 329 500 851 797

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-22 -24 -2 -15 -47 -144
-19 2 -5 -7 1 -43
31 23 8 27 61 258
Net Cash Flow -10 0 0 5 15 71

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 36 18 28 37 41
Inventory Days 94 68 108 88 87 135
Days Payable 59 58 59 44 49 43
Cash Conversion Cycle 57 47 67 72 75 133
Working Capital Days 69 76 87 89 90 137
ROCE % 15% 6% 16% 23% 18%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024
73.33% 73.33% 73.33%
6.46% 5.08% 2.81%
2.00% 2.50% 2.00%
18.21% 19.09% 21.84%
No. of Shareholders 1,15,9281,12,0931,44,549

* 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.

Click on the line-items to see the names of individual entities.

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