Microcap stock jumps 9% after receiving ₹44 Cr order from domestic & international clients
The shares of the animal protein manufacturer gained up to 9 percent after the company bagged prestigious work orders from domestic and international clients for Rs 44.28 crore.
Price movement
With a market capitalization of Rs 1,050.60 crore, the shares of Mukka Proteins Ltd were trading at Rs 35.02 per share, increasing around 6 percent as compared to the previous closing price of Rs 33.09 apiece.
Reason for Rise
The shares of Mukka Proteins Ltd have seen bullish movement after securing a significant work order worth ₹44.28 crore for fish meal supply from Avanti Feeds Ltd, Mukka Proteins Vietnam Co., Ltd, and Padma Feed & Chicks Ltd, boosting investor confidence in the company’s growth prospects.
Financial condition
Analyzing the company’s financial performance, revenue tumbled by 41 percent from Rs 517 crore in Q3FY24 to Rs 303 crore in Q3FY25, however, during the same time, net profit stretched by 125 percent from Rs 12 crore to Rs 27 crore.
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Manufacturer Facility
As per the company, it has 4 strategically located manufacturing facilities, 3 blending facilities and 5 storage facilities along the western coastline of India. Further, it has 2 manufacturing facilities in Oman, which are located in proximity to the landing sites and fish catchments.
The company has exported its products to about 10 countries such as Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.
Ratio analysis
The company’s critical ratios show that the return on equity decreased from 29.82 percent in FY22-23 to 17.68 percent in FY23-24, while the return on capital employed decreased from 46.97 percent to 26.06 percent. The net profit margin (NPM) for fiscal year 23-24 is 5.16 percent.
Company Analysis
Mukka Proteins is a manufacturer of Fish Protein products such as fish meal, fish oil, and fish soluble paste. These ingredients are used for aqua feed, poultry feed, pet food, pharmaceuticals, soap, leather, and paint industries.
Written by Abhishek Singh
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