Mukka Proteins Ltd.

•

mukkaproteins.comBSE: 544135NSE: MUKKA

Market Cap₹ 962 Cr.

Current Price

High / Low₹ 33 / 18

Stock P/E13.9

Book Value₹ 17

Price to Book1.11

Dividend Yield0.00 %

ROCE11.9 %

ROE12.1 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

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PROS

Company has delivered good profit growth of 39.0% CAGR over last 5 years
Latest quarter profit grew 1072.7% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 19.1% CAGR over last 5 years
Working capital cycle has improved - days down from 112 to 59

CONS

Company has a high debt-to-equity of 1.54x
Operating cash flow has been negative in recent years
A large part of profit comes from other income (38.2% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.08x)
Free cash flow has been persistently negative
Total debt has risen sharply - up 70.5% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGAnimal Feed

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	GODREJAGRO	675.75	29.10	13002.20	1.63	128.31	-13.79	2855.22	9.68	20.95	8.85
2.	AVANTIFEED	799.05	20.50	10886.71	1.25	116.30	-37.36	1899.87	18.27	28.96	5.57
3.	MUKKA	32.07	13.92	962.10	0.00	18.63	1072.69	489.65	196.98	11.93	9.60
4.	KSE	177.40	12.23	567.68	7.05	0.94	-97.55	453.67	9.06	33.62	-0.05
5.	AJOONI	3.47	13.49	62.89	0.00	4.32	453.14	634.91	1930.54	6.53	2.63

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	266	324	502	250	167	145	296	372	165	236	635	368	490
	258	294	498	225	158	140	262	352	156	224	608	347	463
Operating Profit	8	30	4	25	8	5	34	20	9	12	27	21	27
OPM %	3.15%	9.39%	0.71%	10.15%	5.00%	3.60%	11.61%	5.33%	5.25%	5.18%	4.19%	5.76%	5.46%
	3	4	6	3	3	3	6	4	3	6	5	15	2
Interest	6	6	6	7	8	9	11	10	11	13	15	15	16
Depreciation	3	3	3	3	3	4	4	3	3	4	4	5	5
Profit before Tax	10	33	16	26	6	0	32	20	3	10	32	29	27
Tax %	36.31%	19.07%	34.33%	-8.63%	4.89%	-182.61%	19.01%	30.21%	27.40%	24.59%	23.19%	26.18%	31.93%
Net Profit	0	0	0	0	5	15	27	14	2	7	27	21	19
	0.16	1.29	0.48	1.20	0.14	0.07	0.88	0.45	0.05	0.20	0.79	0.69	0.63

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	409	549	604	771	1,177	1,380	1,006	1,449	1,728
	385	525	582	724	1,091	1,274	912	1,335	1,642
Operating Profit	23	24	22	47	86	105	95	115	87
OPM %	5.71%	4.33%	3.62%	6.07%	7.32%	7.64%	9.43%	7.91%	5.02%
	2	8	10	7	7	17	15	29	28
Interest	4	7	8	10	16	26	37	54	59
Depreciation	2	5	8	9	12	12	14	17	18
Profit before Tax	19	20	15	36	66	87	60	75	98
Tax %	27.24%	31.20%	28.77%	28.24%	27.93%	15.04%	20.19%	24.03%	26.66%
Net Profit	14	14	11	26	48	74	48	57	72
EPS	0.62	0.62	0.50	1.10	2.00	2.34	1.55	1.74	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 19%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 42%
3 Years:: 6%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 12%

RETURN ON EQUITY

10 Years:: —
5 Years:: 24%
3 Years:: 17%
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	6	6	6	22	22	30	30	30
Minority Interest	0	1	3	5	8	12	16	30
	38	51	61	76	126	366	411	469
	83	142	159	175	261	359	447	761
Trade Payables	60	81	100	98	131	136	142	241
	14	11	25	17	28	38	31	90
Total Liabilities	201	293	355	392	575	941	1,076	1,621
	48	77	78	81	83	84	93	193
Capital Work in Progress	0	2	4	0	0	0	9	30
	9	5	12	21	21	31	37	56
	90	115	150	165	230	423	564	857
	0	0	0	0	0	185	200	182
Cash & Bank	1	2	4	14	29	127	42	60
	53	92	107	112	212	91	132	243
Total Assets	201	293	355	392	575	941	1,076	1,621

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-16	-19	6	11	-45	-150	-112	-111
Cash from Investing	-23	-28	-14	-11	-3	-48	-35	-146
Cash from Financing	34	54	13	15	75	266	56	267
	-9	1	2	8	15	68	-91	10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.33	73.33	73.33	73.33	73.33	73.33	73.33	73.33	73.33
	5.08	2.81	2.63	2.63	2.08	1.70	1.70	1.70	1.73
	2.50	2.00	1.98	1.98	1.87	1.66	0.17	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.09	21.85	22.06	22.05	22.71	23.31	24.80	24.97	24.93

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-12 - Mukka Proteins Limited has informed the Exchange about Schedule of Investor meet to be held on 17th September 2026

2026-09-12

Shareholders meeting

2026-09-12 - Mukka Proteins Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 10, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-10

General Updates

2026-09-10 - Mukka Proteins Limited has informed the Exchange about outcome of the AGM.

2026-09-10

Shareholders meeting

2026-09-10 - Mukka Proteins Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 10, 2026

2026-09-10

Allotment of Securities

2026-09-10 - Mukka Proteins Limited has informed the Exchange regarding allotment of 20000000 securities pursuant to Preferential Issue at its circular resolution dated September 09, 2026.

2026-09-04

Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

2026-09-04 - Mukka Proteins Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

2026-09-01

Acquisition

2026-09-01 - Mukka Proteins Limited has informed the Exchange about Acquisition

2026-09-01

Press Release

2026-09-01 - Mukka Proteins Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "MUKKA PROTEINS LIMITED EXPANDS CIRCULAR BIO-ECONOMY FOOTPRINT: SCALING BENGALURU S WET WASTE CONVERSION INTO HIGH-VALUE INSECT PROTEIN, OIL, COMPOST, AND HUMIC ACID".

2026-08-28

Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

2026-08-28 - Mukka Proteins Limited has informed the Exchange about receipt of in-principle approvals from NSE & BSE for issue of convertible warrants to non-promoter category on a preferential basis.

News

Recent coverage and analyst commentary for MUKKA

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Mukka Proteins Ltd.

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Name

GODREJAGRO

675.75

29.10

13002.20

1.63

128.31

-13.79

2855.22

9.68

20.95

8.85

AVANTIFEED

799.05

20.50

10886.71

1.25

116.30

-37.36

1899.87

18.27

28.96

5.57

MUKKA

32.07

13.92

962.10

0.00

18.63

1072.69

489.65

196.98

11.93

9.60

KSE

177.40

12.23

567.68

7.05

0.94

-97.55

453.67

9.06

33.62

-0.05

AJOONI

3.47

13.49

62.89

0.00

4.32

453.14

634.91

1930.54

6.53

2.63

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

266

324

502

250

167

145

296

372

165

236

635

368

490

258

294

498

225

158

140

262

352

156

224

608

347

463

Operating Profit

OPM %

3.15%

9.39%

0.71%

10.15%

5.00%

3.60%

11.61%

5.33%

5.25%

5.18%

4.19%

5.76%

5.46%

Interest

Depreciation

Profit before Tax

Tax %

36.31%

19.07%

34.33%

-8.63%

4.89%

-182.61%

19.01%

30.21%

27.40%

24.59%

23.19%

26.18%

31.93%

Net Profit

0.16

1.29

0.48

1.20

0.14

0.07

0.88

0.45

0.05

0.20

0.79

0.69

0.63

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

409

549

604

771

1,177

1,380

1,006

1,449

1,728

385

525

582

724

1,091

1,274

912

1,335

1,642

Operating Profit

105

115

OPM %

5.71%

4.33%

3.62%

6.07%

7.32%

7.64%

9.43%

7.91%

5.02%

Interest

Depreciation

Profit before Tax

Tax %

27.24%

31.20%

28.77%

28.24%

27.93%

15.04%

20.19%

24.03%

26.66%

Net Profit

EPS

0.62

0.50

1.10

2.00

2.34

1.55

1.74

—

Dividend Payout %

0.00%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

126

366

411

469

142

159

175

261

359

447

761

Trade Payables

100

131

136

142

241

Total Liabilities

201

293

355

392

575

941

1,076

1,621

193

Capital Work in Progress

115

150

165

230

423

564

857

185

200

182

Cash & Bank

127

107

112

212

132

243

Total Assets

201

293

355

392

575

941

1,076

1,621

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-16

-19

-45

-150

-112

-111

Cash from Investing

-23

-28

-14

-11

-3

-48

-35

-146

Cash from Financing

266

267

-9

-91

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.33

5.08

2.81

2.63

2.08

1.70

1.73

2.50

2.00

1.98

1.87

1.66

0.17

0.00

Government

0.00

19.09

21.85

22.06

22.05

22.71

23.31

24.80

24.97

24.93

Mukka Proteins Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Mukka Proteins Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI