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Incorporated in 2003, Mukka ProteinsLtd is a manufacturer and exporterof Fish Meal and Fish oil[1]
Business Overview:[1]MPL manufactures Fish Protein products and supplies fish meal, fish oil and fish soluble pastewhich 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
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Avanti Feeds | 847.50 | 18.65 | 11546.81 | 1.04 | 168.80 | 34.88 | 1609.69 | 18.79 | 23.99 | 5963.96 | 12.49 | 618.56 | 153.29 | 3.86 | 15.68 | 0.00 |
| 2. | Godrej Agrovet | 588.45 | 25.99 | 11317.62 | 1.87 | 84.34 | -17.55 | 2567.42 | 4.85 | 16.59 | 9764.98 | 8.70 | 435.38 | 92.59 | 6.27 | 7.28 | 1.19 |
| 3. | Mukka Proteins | 27.75 | 19.40 | 832.50 | 0.00 | 3.61 | 66.36 | 222.27 | 76.28 | 11.44 | 970.30 | 8.62 | 42.94 | 3.61 | 2.02 | 4.57 | 1.40 |
| 4. | KSE | 238.00 | 5.99 | 761.60 | 3.36 | 32.87 | 114.84 | 427.39 | 3.15 | 42.92 | 1647.14 | 10.12 | 127.21 | 32.87 | 2.17 | 27.93 | 0.07 |
| 5. | Shivam Chemicals | 66.49 | 32.46 | 112.95 | 0.00 | 1.97 | 239.66 | 131.67 | 39.45 | 11.38 | 261.39 | 2.55 | 3.48 | 1.97 | 3.02 | 4.20 | 0.63 |
| 6. | Mayank Cattle Fo | 207.00 | 20.44 | 111.78 | 0.00 | 2.52 | 24.75 | 185.39 | 3.44 | 16.45 | 397.02 | 3.35 | 5.47 | 2.52 | 3.23 | 6.92 | 0.89 |
| 7. | Narmada Agrobase | 22.60 | 22.38 | 85.74 | 0.00 | 1.03 | -20.16 | 11.95 | 16.25 | 13.05 | 66.17 | 6.88 | 3.83 | 1.03 | 1.47 | 8.66 | 0.18 |
| – | Median: 6 Co. | 222.5 | 19.92 | 797.05 | 0.52 | 18.24 | 50.62 | 324.83 | 11.82 | 16.52 | 1308.72 | 8.66 | 85.07 | 18.24 | 3.12 | 7.1 | 0.76 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 359.11 | 483.64 | 286.94 | 239.22 | 148.42 | 135.79 | 365.53 | 230.76 | 325.30 | 314.93 | 126.09 | 222.27 |
Expenses | 338.61 | 472.05 | 250.29 | 227.54 | 140.39 | 125.61 | 324.53 | 208.52 | 302.24 | 279.23 | 117.85 | 208.55 |
Operating Profit | 20.50 | 11.59 | 36.65 | 11.68 | 8.03 | 10.18 | 41.00 | 22.24 | 23.06 | 35.70 | 8.24 | 13.72 |
Other Income | 5.30 | 8.42 | 6.54 | 2.78 | 3.06 | 3.32 | -0.21 | 4.55 | 4.26 | 4.50 | 2.92 | 5.67 |
Profit before tax | 20.85 | 13.21 | 31.69 | 7.70 | 2.13 | 1.79 | 33.41 | 17.86 | 17.05 | 32.88 | 1.71 | 5.81 |
Tax % | 22.49% | 31.49% | 20.80% | 43.12% | 38.03% | 36.87% | 32.71% | -24.97% | 23.28% | 17.88% | -27.49% | 37.87% |
Net Profit | 16.18 | 9.05 | 25.10 | 4.38 | 1.32 | 1.14 | 22.47 | 22.32 | 13.09 | 27.01 | 2.17 | 3.61 |
EPS in Rs | 0.74 | 0.41 | 0.84 | 0.20 | 0.04 | 0.04 | 1.02 | 0.74 | 0.44 | 1.23 | 0.07 | 0.12 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | 407 | 546 | 536 | 693 | 1,066 | 1,269 | 887 | 970 |
Expenses | 383 | 526 | 529 | 660 | 1,000 | 1,187 | 811 | 887 |
Operating Profit | 25 | 20 | 7 | 33 | 66 | 81 | 76 | 84 |
Other Income | 2 | 8 | 9 | 8 | 9 | 20 | 17 | 20 |
Interest | 4 | 7 | 7 | 8 | 15 | 24 | 34 | 41 |
Depreciation | 2 | 3 | 3 | 4 | 4 | 6 | 6 | 6 |
Profit before tax | 21 | 19 | 6 | 28 | 55 | 72 | 53 | 56 |
Net Profit | 15 | 13 | 5 | 20 | 39 | 63 | 42 | 43 |
EPS in Rs | – | – | – | 0.90 | 1.79 | 2.09 | 1.39 | 1.44 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 22 | 22 | 30 | 30 | 30 |
Reserves | 40 | 52 | 57 | 60 | 100 | 335 | 374 | 379 |
Borrowings | 81 | 112 | 126 | 162 | 238 | 332 | 418 | 572 |
Other Liabilities | 70 | 88 | 99 | 84 | 141 | 154 | 152 | 131 |
Total Liabilities | 197 | 257 | 288 | 329 | 500 | 851 | 974 | 1,112 |
Fixed Assets | 44 | 46 | 49 | 50 | 52 | 60 | 60 | 67 |
Gross Block | 52.91 | 57.58 | 64.02 | 68.33 | 73.98 | 86.70 | 91.88 | – |
Accumulated Depreciation | 9.10 | 12.08 | 15.01 | 18.64 | 21.56 | 26.94 | 32.39 | – |
CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 11 |
Investments | 10 | 7 | 12 | 21 | 24 | 34 | 44 | 53 |
Other Assets | 143 | 204 | 228 | 259 | 424 | 757 | 867 | 981 |
Total Assets | 197 | 257 | 288 | 329 | 500 | 851 | 974 | 1,112 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -22 | -24 | -2 | -15 | -47 | -141 | -132 |
Cash from Investing Activity | -19 | 2 | -5 | -7 | 1 | -46 | -18 |
Cash from Financing Activity | 31 | 23 | 8 | 27 | 61 | 258 | 60 |
Net Cash Flow | -10 | 0 | 0 | 5 | 15 | 71 | -91 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 36 | 18 | 28 | 37 | 41 | 64 |
Inventory Days | 94 | 68 | 108 | 88 | 87 | 135 | 274 |
Days Payable | 59 | 58 | 59 | 44 | 49 | 43 | 69 |
Cash Conversion Cycle | 57 | 47 | 67 | 72 | 75 | 133 | 269 |
Working Capital Days | 9 | 10 | 6 | 6 | 10 | 43 | 105 |
ROCE % | – | 15% | 6% | 16% | 23% | 18% | 11% |
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