SKM Egg Products Export (India) Ltd

SKM Egg Products Export (India) Ltd

₹ 271 7.24%
24 Jul - close price
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 714 Cr.
  • Current Price 271
  • High / Low 560 / 214
  • Stock P/E 8.36
  • Book Value 105
  • Dividend Yield 0.92 %
  • ROCE 35.2 %
  • ROE 36.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 77.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
  • Debtor days have improved from 22.2 to 15.1 days.
  • Company's working capital requirements have reduced from 88.4 days to 69.3 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
61 83 65 77 78 133 160 182 187 210 176 153 162
55 76 63 73 74 118 139 136 143 160 134 133 152
Operating Profit 7 6 1 4 4 14 21 46 43 50 41 20 11
OPM % 11% 8% 2% 5% 6% 11% 13% 25% 23% 24% 23% 13% 6%
2 1 3 3 1 -1 0 -5 3 2 1 1 9
Interest 2 1 1 1 2 1 3 2 4 2 3 3 3
Depreciation 4 2 3 2 2 2 3 3 3 3 3 3 3
Profit before tax 3 5 1 4 1 9 16 37 40 47 37 15 14
Tax % -19% 28% 19% 28% 42% 27% 26% 26% 26% 25% 24% 24% 28%
4 4 1 3 0 7 12 27 30 35 28 12 10
EPS in Rs 1.36 1.41 0.22 1.00 0.20 2.59 4.62 10.32 11.28 13.39 10.79 4.45 3.82
Raw PDF
Upcoming result date: 7 August 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
215 263 290 303 232 318 335 313 269 302 662 701
191 233 252 265 238 315 322 306 237 272 518 579
Operating Profit 25 30 38 37 -6 3 12 7 32 31 144 123
OPM % 11% 11% 13% 12% -3% 1% 4% 2% 12% 10% 22% 17%
7 1 16 13 23 20 9 21 13 8 1 13
Interest 12 8 5 3 5 5 4 6 4 4 9 10
Depreciation 18 13 13 12 12 13 11 14 21 24 34 12
Profit before tax 1 10 35 35 0 5 6 8 21 10 103 114
Tax % 29% 29% 27% 30% -567% 72% 20% 38% 21% 28% 26% 25%
1 7 26 25 2 1 5 5 16 7 76 85
EPS in Rs 0.38 2.73 9.67 9.32 0.62 0.47 1.84 1.78 6.19 2.82 28.83 32.44
Dividend Payout % 0% 0% 10% 11% 0% 105% 27% 28% 16% 35% 2% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 16%
3 Years: 38%
TTM: 6%
Compounded Profit Growth
10 Years: 26%
5 Years: 78%
3 Years: 74%
TTM: 13%
Stock Price CAGR
10 Years: 36%
5 Years: 54%
3 Years: 45%
1 Year: 20%
Return on Equity
10 Years: 22%
5 Years: 26%
3 Years: 33%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 13 20 42 64 65 66 70 73 88 94 168 251
88 73 42 36 44 44 45 68 56 79 88 146
33 31 40 43 37 45 41 36 39 33 56 46
Total Liabilities 160 149 151 169 172 181 183 204 210 233 339 469
89 73 67 66 61 64 62 65 69 70 75 114
CWIP 0 0 0 1 3 2 5 3 2 1 24 34
Investments 0 1 1 1 1 1 1 0 16 16 4 8
71 75 82 100 107 114 115 137 122 145 236 313
Total Assets 160 149 151 169 172 181 183 204 210 233 339 469

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 30 -4 17 14 -12 26 2 60 109
-11 8 -2 -6 -1 -7 -6 -5 -17 -8 -16 -54
0 -31 -37 -10 -5 -5 -1 -9 -10 -5 -5 13
Net Cash Flow 0 3 -2 13 -10 4 7 -26 -1 -11 39 68

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 17 21 21 20 31 31 28 28 22 31 21 15
Inventory Days 101 73 90 95 112 65 67 114 158 163 111 91
Days Payable 54 35 39 40 49 47 43 39 35 26 23 19
Cash Conversion Cycle 64 59 72 76 95 49 52 103 145 168 109 87
Working Capital Days 52 44 57 55 91 63 59 97 112 122 74 69
ROCE % 10% 16% 35% 33% 4% 7% 7% 9% 14% 7% 46% 35%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.30% 55.44% 55.44% 55.44% 55.56% 55.56% 55.56% 55.56% 55.18% 55.11% 55.11% 55.11%
0.02% 0.00% 0.11% 0.00% 0.19% 0.18% 0.58% 0.37% 2.78% 2.40% 2.21% 0.77%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.31% 0.00% 0.00%
44.67% 44.56% 44.45% 44.56% 44.26% 44.27% 43.85% 44.08% 42.03% 42.17% 42.69% 44.13%
No. of Shareholders 20,28420,98321,01720,62418,74816,66416,99119,07928,76833,21637,47439,596

* 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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