Sharescart Research Club logo

Mukka Proteins Overview

Mukka Proteins Limited, established in November 2010, is a leading Indian company in the production of fish meal, fish oil, and fish soluble paste. With its manufacturing units strategically located along the Indian coastline, including Karnataka, Maharashtra, Gujarat, and international locations like the Gulf of Oman and Bangladesh, Mukka Proteins ensures easy access to raw materials. Mukka Proteins is also exploring alternative proteins such as Black Soldier Fly (BSF) insect meal, expanding its portfolio in the animal food segment. The compan...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Mukka Proteins Key Financials

Market Cap ₹732 Cr.

Stock P/E 15.2

P/B 1.6

Current Price ₹24.4

Book Value ₹ 15.6

Face Value 1

52W High ₹33.5

Dividend Yield 0%

52W Low ₹ 18.3

Mukka Proteins Share Price

₹ | |

Volume
Price

Mukka Proteins Quarterly Price

Show Value Show %

Mukka Proteins Peer Comparison

Mukka Proteins Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 332 517 257 172 149 303 382 171 245 653
Other Income 4 6 3 3 3 6 4 3 6 5
Total Income 336 523 260 175 152 309 386 173 251 658
Total Expenditure 294 498 225 158 140 262 352 156 224 608
Operating Profit 42 25 35 17 13 47 33 17 27 50
Interest 6 6 7 8 9 11 10 11 13 15
Depreciation 3 3 3 3 4 4 3 3 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 33 16 26 6 0 32 20 3 10 32
Provision for Tax 6 5 -2 0 -0 6 6 1 2 7
Profit After Tax 27 10 28 5 1 26 14 2 7 24
Adjustments 2 0 -1 -1 1 -0 -1 -1 -1 -1
Profit After Adjustments 28 10 27 4 2 26 14 2 6 24
Adjusted Earnings Per Share 1.3 0.5 0.9 0.1 0.1 0.9 0.5 0.1 0.2 0.8

Mukka Proteins Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 409 549 604 771 1177 1380 1006 1451
Other Income 3 8 10 7 7 17 15 18
Total Income 412 557 614 778 1184 1397 1022 1468
Total Expenditure 385 525 582 724 1091 1274 912 1340
Operating Profit 26 32 32 54 93 123 110 127
Interest 4 7 8 10 16 26 37 49
Depreciation 2 5 8 9 12 12 14 14
Exceptional Income / Expenses -1 0 0 0 0 0 0 0
Profit Before Tax 19 20 15 36 66 87 60 65
Provision for Tax 5 6 4 10 18 13 12 16
Profit After Tax 14 14 11 26 48 74 48 47
Adjustments 1 -0 -2 -2 -3 -4 -2 -4
Profit After Adjustments 14 13 9 24 44 70 46 46
Adjusted Earnings Per Share 0.6 0.6 0.4 1.1 2 2.3 1.5 1.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -27% 9% 13% 0%
Operating Profit CAGR -11% 27% 28% 0%
PAT CAGR -35% 23% 28% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% NA% NA% NA%
ROE Average 12% 26% 25% 26%
ROCE Average 12% 19% 17% 17%

Mukka Proteins Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 44 57 67 98 148 396 441
Minority's Interest 0 1 3 5 8 12 16
Borrowings 16 14 9 9 5 6 3
Other Non-Current Liabilities 3 4 4 6 11 5 7
Total Current Liabilities 137 217 272 274 403 521 610
Total Liabilities 201 293 355 392 575 941 1076
Fixed Assets 48 77 78 81 83 84 93
Other Non-Current Assets 11 10 20 25 28 41 58
Total Current Assets 142 206 257 286 464 817 926
Total Assets 201 293 355 392 575 941 1076

Mukka Proteins Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 1 1 3 12 27 94
Cash Flow from Operating Activities -20 -25 2 5 -56 -150 -112
Cash Flow from Investing Activities -23 -28 -14 -11 -3 -48 -35
Cash Flow from Financing Activities 34 54 13 15 75 266 56
Net Cash Inflow / Outflow -9 1 2 8 15 68 -91
Closing Cash & Cash Equivalent 1 2 3 12 27 94 3

Mukka Proteins Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.65 0.6 0.41 1.1 2 2.34 1.55
CEPS(Rs) 0.73 0.83 0.88 1.56 2.7 2.89 2.05
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 2 2.57 3.02 4.47 6.72 13.2 14.69
Core EBITDA Margin(%) 5.71 4.33 3.62 6.07 7.11 7.49 9.25
EBIT Margin(%) 5.66 4.9 3.89 5.93 6.8 8.06 9.5
Pre Tax Margin(%) 4.6 3.59 2.56 4.67 5.44 6.21 5.87
PAT Margin (%) 3.35 2.47 1.82 3.35 3.92 5.28 4.69
Cash Profit Margin (%) 3.94 3.33 3.21 4.46 4.9 6.16 6.01
ROA(%) 6.81 5.5 3.4 6.91 9.82 9.8 4.77
ROE(%) 31.1 27 17.89 31.32 38.61 27.32 11.5
ROCE(%) 18.24 16.57 11.08 18.35 24.44 19.54 11.82
Receivable days 25.44 21.1 25.05 25.87 26.3 38.72 68.51
Inventory Days 80.39 68.16 80.08 74.55 59.45 84.67 175.65
Payable days 62.95 54.51 64.49 56.82 44.27 42.92 65.49
PER(x) 0 0 0 0 0 15.62 21.12
Price/Book(x) 0 0 0 0 0 2.76 2.23
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 0.21 0.26 0.27 0.24 0.21 0.96 1.38
EV/Core EBITDA(x) 3.33 4.6 5.04 3.35 2.67 10.84 12.63
Net Sales Growth(%) 0 34.36 9.94 27.6 52.77 17.22 -27.06
EBIT Growth(%) 0 16.41 -12.85 94.49 80.51 37.59 -14.01
PAT Growth(%) 0 -0.78 -18.89 134.5 84.07 56.35 -35.27
EPS Growth(%) 0 -7.8 -31.88 169.71 82.06 16.56 -33.68
Debt/Equity(x) 1.88 2.51 2.39 1.76 1.72 0.91 1.02
Current Ratio(x) 1.04 0.95 0.95 1.05 1.15 1.57 1.52
Quick Ratio(x) 0.38 0.42 0.39 0.44 0.58 0.75 0.59
Interest Cover(x) 5.33 3.74 2.93 4.72 5 4.37 2.62
Total Debt/Mcap(x) 0 0 0 0 0 0.33 0.46

Mukka Proteins Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33
FII 7.66 6.46 5.08 2.82 2.63 2.63 2.08 1.7 1.7 1.7
DII 4.59 2 2.5 2 1.98 1.98 1.87 1.66 0.17 0
Public 14.42 18.2 19.09 21.85 22.06 22.05 22.71 23.31 24.8 24.97
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Mukka Proteins News

Mukka Proteins Pros & Cons

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 42.92 to 65.49days.
whatsapp