Mukka Proteins Ltd.

•

mukkaproteins.comBSE: 544135NSE: MUKKA

Market Cap₹ 912 Cr.

Current Price

High / Low₹ 33 / 18

Stock P/E15.4

Book Value₹ 16

Price to Book1.23

Dividend Yield0.00 %

ROCE11.2 %

ROE10.0 %

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 55.9% CAGR over last 5 years
Latest quarter profit grew 1105.4% YoY, showing strong momentum
Company has delivered good sales growth of 18.0% CAGR over last 5 years
Working capital cycle has improved - days down from 119 to 75

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (49.8% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.96x)
Free cash flow has been persistently negative
Total debt has risen sharply - up 61.4% year on year
Equity base is being diluted - shares outstanding up 36.4%

* 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	672.00	28.94	12930.05	1.64	128.31	-13.79	2855.22	9.68	20.95	8.85
2.	AVANTIFEED	815.25	20.91	11107.42	1.23	116.30	-37.36	1899.87	18.27	28.96	5.57
3.	MUKKA	30.40	13.19	912.00	0.00	18.63	1072.69	489.65	196.98	11.93	9.60
4.	KSE	178.65	12.31	571.68	7.00	0.94	-97.55	453.67	9.06	33.62	-0.05
5.	AJOONI	3.50	13.61	63.44	0.00	4.32	453.14	634.91	1930.54	6.53	2.63

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	231	307	468	224	143	122	280	316	130	216	539	300	406
	228	281	472	209	139	119	250	302	125	208	526	284	381
Operating Profit	4	27	-4	15	3	3	30	14	5	8	13	16	25
OPM %	1.60%	8.65%	-0.80%	6.87%	2.29%	2.29%	10.61%	4.42%	3.67%	3.56%	2.44%	5.50%	6.21%
	3	4	6	4	3	3	6	4	3	6	6	14	2
Interest	5	6	5	7	7	8	10	9	10	12	14	14	15
Depreciation	1	1	1	1	2	2	1	1	1	2	2	3	2
Profit before Tax	8	31	11	17	3	1	31	17	2	6	23	27	27
Tax %	43.12%	18.76%	37.56%	-26.28%	25.63%	-78.33%	20.99%	23.27%	29.07%	36.54%	25.18%	28.94%	29.42%
Net Profit	4	25	7	21	2	1	25	13	2	4	17	19	19
	0.19	1.23	0.41	0.99	0.04	0.07	0.84	0.43	0.04	0.12	0.63	0.64	0.66

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	407	546	536	693	1,066	1,269	887	1,229	1,461
	383	526	529	660	1,001	1,187	811	1,143	1,398
Operating Profit	25	20	7	33	66	81	76	86	63
OPM %	6.07%	3.68%	1.28%	4.69%	6.16%	6.42%	8.58%	7.03%	4.28%
	2	8	9	8	9	17	17	29	27
Interest	4	7	7	8	15	24	34	50	54
Depreciation	2	3	3	4	4	6	6	7	8
Profit before Tax	21	19	6	28	55	72	53	59	83
Tax %	24.95%	31.78%	23.86%	29.70%	28.45%	12.41%	20.73%	27.84%	28.61%
Net Profit	15	13	5	20	39	63	42	42	59
EPS	280.13	233.41	0.21	0.90	1.79	2.09	1.39	1.41	—
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:: 18%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 56%
3 Years:: 2%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 23%
3 Years:: 16%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	40	52	57	60	100	335	374	417
	81	112	126	162	237	328	414	679
Trade Payables	56	77	78	70	118	126	132	208
	14	11	22	15	24	32	24	35
Total Liabilities	197	257	288	329	500	851	974	1,368
	42	44	48	48	51	58	58	87
Capital Work in Progress	0	1	0	0	0	0	4	0
	11	8	12	21	24	34	44	71
	89	90	142	141	208	393	521	774
	0	0	0	0	0	143	155	174
Cash & Bank	1	1	2	8	23	124	39	48
	53	113	85	111	194	98	153	214
Total Assets	197	257	288	329	500	851	974	1,368

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-17	-18	2	-13	-38	-141	-132	-161
Cash from Investing	-19	2	-5	-7	1	-46	-18	-43
Cash from Financing	31	23	8	27	61	258	60	205
	-10	0	0	5	15	71	-91	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

2026-09-10

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.

2026-08-20

Updates

2026-08-20 - Mukka Proteins Limited has informed the Exchange regarding 'Clarification on intimation of investment in Swaccha Eco Solutions Private Limited.'.

2026-08-19

Copy of Newspaper Publication

2026-08-19 - Mukka Proteins Limited has informed the Exchange about Copy of Newspaper Publication of Notice of 16th Annual General Meeting.

News

Recent coverage and analyst commentary for MUKKA

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Mukka Proteins Ltd.

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Free 5nance Account

Name

GODREJAGRO

672.00

28.94

12930.05

1.64

128.31

-13.79

2855.22

9.68

20.95

8.85

AVANTIFEED

815.25

20.91

11107.42

1.23

116.30

-37.36

1899.87

18.27

28.96

5.57

MUKKA

30.40

13.19

912.00

0.00

18.63

1072.69

489.65

196.98

11.93

9.60

KSE

178.65

12.31

571.68

7.00

0.94

-97.55

453.67

9.06

33.62

-0.05

AJOONI

3.50

13.61

63.44

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

231

307

468

224

143

122

280

316

130

216

539

300

406

228

281

472

209

139

119

250

302

125

208

526

284

381

Operating Profit

-4

OPM %

1.60%

8.65%

-0.80%

6.87%

2.29%

10.61%

4.42%

3.67%

3.56%

2.44%

5.50%

6.21%

Interest

Depreciation

Profit before Tax

Tax %

43.12%

18.76%

37.56%

-26.28%

25.63%

-78.33%

20.99%

23.27%

29.07%

36.54%

25.18%

28.94%

29.42%

Net Profit

0.19

1.23

0.41

0.99

0.04

0.07

0.84

0.43

0.04

0.12

0.63

0.64

0.66

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

407

546

536

693

1,066

1,269

887

1,229

1,461

383

526

529

660

1,001

1,187

811

1,143

1,398

Operating Profit

OPM %

6.07%

3.68%

1.28%

4.69%

6.16%

6.42%

8.58%

7.03%

4.28%

Interest

Depreciation

Profit before Tax

Tax %

24.95%

31.78%

23.86%

29.70%

28.45%

12.41%

20.73%

27.84%

28.61%

Net Profit

EPS

280.13

233.41

0.21

0.90

1.79

2.09

1.39

1.41

—

Dividend Payout %

0.00%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

100

335

374

417

112

126

162

237

328

414

679

Trade Payables

118

126

132

208

Total Liabilities

197

257

288

329

500

851

974

1,368

Capital Work in Progress

142

141

208

393

521

774

143

155

174

Cash & Bank

124

113

111

194

153

214

Total Assets

197

257

288

329

500

851

974

1,368

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-17

-18

-13

-38

-141

-132

-161

Cash from Investing

-19

-5

-7

-46

-18

-43

Cash from Financing

258

205

-10

-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