Mukka Proteins Ltd
NSE: MUKKA BSE: 544135
Incorporated in 2003, Mukka Proteins Ltd is a manufacturer and exporter of Fish Meal and Fish oil[1]
₹22.9
52W: ₹18.3 — ₹32.8
PE 16.2 · Book ₹14.9 · +54% vs bookMarket Cap₹688 Cr
Stock P/E16.2Price to Earnings
ROCE11.1%Return on Capital
ROE9.96%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Company is expected to give good quarter
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 13.9% over last 3 years.
- −Earnings include an other income of Rs.29.3 Cr.
Shareholding Pattern
Promoters73.33%
FIIs1.7%
DIIs0%
Public24.97%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.33% | 73.33% | 73.33% | 73.33% | 73.33% | 73.33% | 73.33% | 73.33% |
| FIIs | 5.08% | 2.81%▼2.3 | 2.63%▼0.2 | 2.63% | 2.08%▼0.5 | 1.7%▼0.4 | 1.7% | 1.7% |
| DIIs | 2.5% | 2%▼0.5 | 1.98%▼0.0 | 1.98% | 1.87%▼0.1 | 1.66%▼0.2 | 0.17%▼1.5 | 0%▼0.2 |
| Public | 19.09% | 21.84%▲2.8 | 22.06%▲0.2 | 22.05%▼0.0 | 22.71%▲0.7 | 23.31%▲0.6 | 24.8%▲1.5 | 24.97%▲0.2 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 484 | 231 | 148 | 126 | 287 | 325 | 136 | 222 | 558 | 313 |
| Expenses | 472 | 209 | 140 | 118 | 250 | 302 | 126 | 209 | 526 | 284 |
| Operating Profit | 12 | 22 | 8 | 8 | 37 | 23 | 10 | 14 | 33 | 29 |
| OPM % | 2% | 10% | 5% | 7% | 13% | 7% | 8% | 6% | 6% | 9% |
| Net Profit | 9 | 22 | 1 | 2 | 25 | 13 | 1 | 4 | 19 | 19 |
| EPS ₹ | 0.41 | 0.74 | 0.04 | 0.07 | 0.84 | 0.44 | 0.04 | 0.12 | 0.63 | 0.63 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹1,229Cr, up 38.6% YoY. OPM at 7%.
Debt Position
Borrowings at ₹682Cr. Debt-to-equity ratio: 1.64x. High leverage — monitor closely.
Institutional Flow
DIIs: 0% (-2.00pp change). FIIs: 1.7% (-4.76pp change). Promoters hold 73.33%.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 11% (Mar 2026). Working capital days: 63.
Valuation
PE 16.2x with 11.1% ROCE. Price is 54% above book value of ₹14.9. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 1d - FY26 revenue rose 44% to ₹1,449.5 crore; EBITDA ₹145.3 crore, PAT ₹57.1 crore; Oman, Sri Lanka expansion.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
- Announcement under Regulation 30 (LODR)-Acquisition 2d - Board approved incorporation of MPL FC HRC JV in Bangalore; company to contribute Rs. 2.55 lakh for 51% stake.
- Announcement under Regulation 30 (LODR)-Acquisition 2d - Board approved Sri Lanka entity incorporation; invest up to Rs 2.5 crore for 49% stake by 31-12-2026.
- Announcement under Regulation 30 (LODR)-Raising of Funds 2d - Board approved NCD issuances of up to Rs 25 crore and Rs 50 crore on private placement.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Rating update 8 Jan from care