SKM Egg Products Export (India) Ltd

SKM Egg Products Export (India) Ltd

₹ 215 0.82%
22 Nov 12:47 p.m.
About

Incorporated in 1996, SKM Egg Products
Export (India) Ltd is an Export Oriented Undertaking engaged in the production
and sale of eggs and manufacture and
sale of Egg Products[1]

Key Points

Business Overview:[1][2]
SKM is an ISO 22000, ISO 17025, BRC, and HALAL certified integrated quality manufacturer and supplier of egg products mainly for the international market. Company formulates various kinds of egg based mixes for bakery, confectionery, noodles & pasta, meat & fish products, mayonnaise & salad dressing , and also in the health & pharmaceuticals sector

  • Market Cap 567 Cr.
  • Current Price 215
  • High / Low 430 / 194
  • Stock P/E 13.0
  • Book Value 110
  • Dividend Yield 1.19 %
  • ROCE 35.5 %
  • ROE 35.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 69.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.0%
  • Company's working capital requirements have reduced from 86.7 days to 64.9 days

Cons

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
60.77 73.60 76.19 130.25 163.69 177.63 185.56 203.36 170.86 156.24 159.49 116.52 125.02
59.72 69.95 72.73 116.16 141.93 132.36 142.28 153.38 128.43 135.59 148.82 99.75 110.14
Operating Profit 1.05 3.65 3.46 14.09 21.76 45.27 43.28 49.98 42.43 20.65 10.67 16.77 14.88
OPM % 1.73% 4.96% 4.54% 10.82% 13.29% 25.49% 23.32% 24.58% 24.83% 13.22% 6.69% 14.39% 11.90%
3.21 3.15 1.24 -1.35 0.15 -4.67 1.73 1.81 -1.13 0.59 9.25 3.11 3.68
Interest 0.74 0.78 1.18 1.28 2.57 1.75 2.17 2.42 2.51 2.78 2.57 2.82 2.47
Depreciation 2.48 2.40 2.48 2.41 2.65 2.78 2.70 2.65 2.71 2.95 3.20 3.04 3.07
Profit before tax 1.04 3.62 1.04 9.05 16.69 36.07 40.14 46.72 36.08 15.51 14.15 14.02 13.02
Tax % 12.50% 28.18% 34.62% 28.29% 25.46% 26.00% 25.93% 25.28% 25.17% 23.73% 28.13% 15.34% 26.50%
0.91 2.60 0.68 6.49 12.44 26.69 29.73 34.91 27.00 11.83 10.17 11.87 9.57
EPS in Rs 0.35 0.99 0.26 2.46 4.72 10.14 11.29 13.26 10.25 4.49 3.86 4.51 3.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
193 239 271 270 195 282 286 272 246 291 657 690 557
169 210 234 234 201 280 273 265 214 261 513 539 494
Operating Profit 25 30 37 35 -5 2 14 8 32 30 144 151 63
OPM % 13% 12% 14% 13% -3% 1% 5% 3% 13% 10% 22% 22% 11%
7 1 16 13 22 20 9 21 13 9 1 12 17
Interest 12 8 5 3 5 5 4 6 4 4 9 10 11
Depreciation 18 13 13 12 12 13 11 14 21 24 34 40 12
Profit before tax 1 10 35 33 0 4 7 8 20 11 102 112 57
Tax % 24% 30% 28% 32% -316% 77% 16% 35% 22% 27% 26% 25%
1 7 25 23 2 1 6 5 16 8 75 84 43
EPS in Rs 0.39 2.59 9.57 8.60 0.68 0.36 2.30 2.01 5.96 2.99 28.64 31.87 16.49
Dividend Payout % 0% 0% 10% 12% 0% 0% 22% 25% 17% 33% 2% 8%
Compounded Sales Growth
10 Years: 11%
5 Years: 19%
3 Years: 41%
TTM: -24%
Compounded Profit Growth
10 Years: 26%
5 Years: 69%
3 Years: 74%
TTM: -63%
Stock Price CAGR
10 Years: 8%
5 Years: 41%
3 Years: 46%
1 Year: -49%
Return on Equity
10 Years: 22%
5 Years: 27%
3 Years: 33%
Last Year: 36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 12 19 41 60 63 63 68 72 86 91 166 246 263
86 70 41 36 44 44 44 65 55 79 86 136 145
17 24 30 28 28 27 26 25 35 30 55 53 54
Total Liabilities 142 139 139 151 160 160 164 189 203 227 334 461 489
89 73 67 66 61 64 62 65 69 70 75 114 112
CWIP 0 0 0 1 3 2 5 3 2 1 24 34 54
Investments 0 1 1 1 1 1 1 1 17 17 5 7 8
53 65 70 82 95 94 95 120 115 139 230 306 316
Total Assets 142 139 139 151 160 160 164 189 203 227 334 461 489

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 27 37 28 -2 15 16 -10 23 -0 63 108
-11 8 -2 -6 -1 -7 -6 -5 -17 -8 -16 -54
0 -31 -37 -10 -5 -5 -2 -9 -8 -5 -5 13
Net Cash Flow 0 4 -2 11 -8 2 8 -24 -2 -13 42 67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 4 16 15 16 26 21 16 20 18 26 20 14
Inventory Days 86 69 84 86 123 62 72 125 175 171 108 98
Days Payable 25 24 21 21 40 26 27 27 32 24 23 20
Cash Conversion Cycle 66 60 78 81 109 57 61 118 161 174 105 93
Working Capital Days 52 43 57 57 102 69 64 103 117 124 71 65
ROCE % 10% 16% 36% 32% 4% 7% 8% 9% 14% 8% 47% 35%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.44% 55.44% 55.44% 55.56% 55.56% 55.56% 55.56% 55.18% 55.11% 55.11% 55.11% 55.11%
0.00% 0.11% 0.00% 0.19% 0.18% 0.58% 0.37% 2.78% 2.40% 2.21% 0.77% 0.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.31% 0.00% 0.00% 0.00%
44.56% 44.45% 44.56% 44.26% 44.27% 43.85% 44.08% 42.03% 42.17% 42.69% 44.13% 44.74%
No. of Shareholders 20,98321,01720,62418,74816,66416,99119,07928,76833,21637,47439,59640,253

* 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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