Industry : FMCG
Mukka Proteins​ View all IPOs
Price Band
Rs. 26 – Rs. 28​
Mukka Proteins is going public with a fresh issue. The issue opens on 29th February 2024.​​​​​​​​​​

Objective of the Issue

Details

Objectives of the Issue – Fresh Issue – Rs. 224 cr

The Objectives of the Offer are for:
1. Funding Working Capital Requirements​​
2. General corporate purposes​​
​​

List of Shareholders Selling Their Stake

Business Operations

About Company

Mukka Proteins is a manufacturer of fish protein products, the company produces and supplies fish meal, fish oil, and fish soluble paste, which are essential ingredients in the manufacturing of aquafeed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (dog and cat food). Additionally, fish oil finds applications in pharmaceutical products, with Omega-3 pills and related items derived from fish oil gaining importance as high-nutrient and healthy dietary supplements. The company's products are also utilized in soap manufacturing, leather tanneries, and paint industries.

The company serves both domestic and international markets, exporting its products to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.​

Segment Revenue Breakup

Revenue Breakdown by Segment:
Product H1FY24 FY23 FY22 FY21​
Fish Meal​ 86% 82%​​ 92% 91%
Fish Oil​ 9% 14%​​ 4% 6%
Fish Soluble Paste​ 5% 2%​​ 4% 3%

Financials

Financial Overview

The company’s revenue has grown at 39% over the last two years while the net profit grew by 108% CAGR

In FY23, The company’s Return on Capital Employed was 18% ​

​The Net profit margin of the company is 4% in FY23, showing improvement from FY21 when it was 2%

The company reported positive CFO in FY21 and FY22 but reported negative cash flow from operations in FY23 and the same trend followed in H1FY24

The company has a debt of Rs 317 crore as of September 2023

Financial Performance (Rs/crore)

Rs./Crs H1FY24 FY 23​ FY 22​ FY 21​
Sales 613 1184 776 610
Net Profit​​​ 33 48 26 11
{{global_msg.msg}}