Mukka Proteins Ltd
Incorporated in 2003, Mukka Proteins
Ltd is a manufacturer and exporter
of Fish Meal and Fish oil[1]
- Market Cap ₹ 984 Cr.
- Current Price ₹ 32.8
- High / Low ₹ 56.6 / 30.0
- Stock P/E 19.3
- 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
* 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
Part of BSE Fast Moving Consumer Goods BSE Allcap BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 792 | |
383 | 526 | 529 | 660 | 1,000 | 1,187 | 717 | |
Operating Profit | 25 | 20 | 7 | 33 | 66 | 81 | 75 |
OPM % | 6% | 4% | 1% | 5% | 6% | 6% | 9% |
2 | 8 | 9 | 8 | 9 | 20 | 17 | |
Interest | 4 | 7 | 7 | 8 | 15 | 24 | 33 |
Depreciation | 2 | 3 | 3 | 4 | 4 | 6 | 6 |
Profit before tax | 21 | 19 | 6 | 28 | 55 | 72 | 53 |
Tax % | 25% | 32% | 24% | 30% | 28% | 12% | |
15 | 13 | 5 | 20 | 39 | 63 | 51 | |
EPS in Rs | 0.90 | 1.79 | 2.09 | 1.69 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 33% |
TTM: | -44% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 185% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -15% |
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% |
Documents
Announcements
- Closure of Trading Window 28 Mar
-
Announcement under Regulation 30 (LODR)-Acquisition
27 Mar - Acquisition of 51% stake in GSM Marine Export.
-
Announcement under Regulation 30 (LODR)-Acquisition
27 Mar - Board approved strategic investment in FABBCO Bio Cycle.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Mar - Mukka Proteins acquires 51% stake in GSM Marine Export.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Mar - Mukka Proteins acquires 51% stake in FABBCO.
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