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 28.1
  • Book Value 13.3
  • Dividend Yield 0.00 %
  • ROCE 18.8 %
  • ROE 25.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 38.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 37.7 to 49.0 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
397.11 420.71 274.28 331.87 516.99 256.70 172.50 149.20
362.14 377.99 259.92 293.85 498.11 224.50 158.56 139.64
Operating Profit 34.97 42.72 14.36 38.02 18.88 32.20 13.94 9.56
OPM % 8.81% 10.15% 5.24% 11.46% 3.65% 12.54% 8.08% 6.41%
4.91 -0.18 2.53 6.26 7.92 4.73 2.85 3.97
Interest 4.17 6.60 5.97 6.35 6.15 6.63 8.13 8.72
Depreciation 2.72 2.92 2.86 2.96 3.18 3.34 3.12 3.76
Profit before tax 32.99 33.02 8.06 34.97 17.47 26.96 5.54 1.05
Tax % 17.22% 33.65% 45.41% 18.02% 30.91% -8.16% 5.23% -40.00%
27.30 21.92 4.41 28.68 12.07 29.15 5.26 1.47
EPS in Rs 1.03 0.99 0.16 1.28 0.48 0.91 0.14 0.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
409 549 604 770 1,177 1,380 1,095
385 525 582 723 1,091 1,274 1,021
Operating Profit 23 24 22 48 86 105 75
OPM % 6% 4% 4% 6% 7% 8% 7%
2 8 10 7 8 19 19
Interest 4 7 8 10 16 25 30
Depreciation 2 5 8 9 12 12 13
Profit before tax 19 20 15 36 66 87 51
Tax % 27% 31% 29% 28% 28% 15%
14 14 11 26 48 74 48
EPS in Rs 1.10 2.00 2.34 1.60
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: 32%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: 38%
3 Years: 123%
TTM: -43%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 29%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 22 22 30 30
Reserves 38 51 61 76 126 366 369
83 142 159 175 262 365 426
74 95 129 119 166 179 79
Total Liabilities 201 293 355 392 575 941 904
49 78 79 83 85 85 96
CWIP 0 2 4 0 0 0 0
Investments 8 4 12 21 21 31 35
144 209 260 289 469 825 774
Total Assets 201 293 355 392 575 941 904

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-20 -25 2 5 -56 -150
-23 -28 -14 -11 -3 -51
34 54 13 15 75 266
Net Cash Flow -9 1 2 8 15 65

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 23 29 29 35 49
Inventory Days 95 89 106 95 89 136
Days Payable 63 63 71 56 51 44
Cash Conversion Cycle 57 49 64 68 73 141
Working Capital Days 63 76 79 77 88 139
ROCE % 15% 9% 18% 24% 19%

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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