Analysis of Upcoming IPO - Mukka Proteins Limited

Analysis of Upcoming IPO - Mukka Proteins Limited
Analysis of Upcoming IPO - Mukka Proteins Limited

by Tanushree Jaiswal Last Updated: Feb 23, 2024 - 08:58 am 1.1k Views
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What Mukka Proteins Do?

Products containing fish protein are produced by Mukka Proteins Limited. firm manufactures & distributes fish meal, fish oil, & fish soluble paste—all necessary components for creation of aqua feed, which is used for fish & shrimp, poultry feed, which is used for broilers & layers, & pet food, which is used for dog & cat food.

Upcoming IPO, exports its products to following countries

More than ten nations, apart from mention above, countries are Saudi Arabia, South Korea, Oman, Taiwan, & Vietnam, are among those to whom firm sells its goods.

Upcoming IPO - Mukka Proteins Strength

1. Company currently operates six production facilities, including four in India & two in Oman, which are held by its foreign subsidiary Ocean Aquatic Proteins LLC. 
2. In addition, company operates three blending plants & five storage facilities, all of which are located in India. 
3. All of company's facilities are strategically located near coast.

Mukka Proteins Limited Financials

Mukka Proteins Limited Analysis & Interpretations

Assets
1. Mukka's assets have increased from ₹353.93 Crore in March 2021 to ₹392.30 Crore in March 2022, indicating growth in its asset base.
2. This growth could be attributed to various factors such as investments in property, plant, & equipment, acquisitions, or organic business expansion.
3. Growing asset base can signify company's expanding operations & potential for generating future revenue.

Revenue
1. Protein company's revenue has increased significantly from ₹609.95 Crore in March 2021 to ₹776.15 Crore in March 2022.
2. Increase in revenue indicates improved sales performance, expansion into new markets/successful introduction of new products/services.
3. Higher revenue figure reflects positively on company's ability to generate income & grow its business.

Profit After Tax
1. This Upcoming IPO's profit after tax has more than doubled from ₹11.01 Crore in March 2021 to ₹25.82 Crore in March 2022.
2. Significant increase in profitability indicates improved operational efficiency, cost management/increased sales margins.
3. Higher profit after tax demonstrates company's ability to generate profits from its operations, which is essential for sustainable growth.

Net Worth
1. Mukka's net worth has increased from ₹609.95 Crore in March 2021 to ₹776.15 Crore in March 2022.
2. Increase in net worth signifies growth in shareholders' equity, which could be attributed to retained earnings, capital injections/positive revaluation of assets.
3. Higher net worth strengthens company's financial position & enhances its ability to withstand financial shocks.

Reserves & Surplus
1. Mukka's reserves & surplus have increased from ₹ 60.80 Crore in March 2021 to ₹ 68.51 Crore in March 2022.
2. This increase indicates that company has retained portion of its profits over years, which adds to its financial strength & provides cushion against future uncertainties.
3. Growing reserves & surplus position reflects positively on company's financial stability & ability to reinvest in its business.

Total Borrowing
1. Mukka's total borrowing has increased from ₹159.19 Crore in March 2021 to ₹173.50 Crore in March 2022.
2. This increase in borrowing could be for financing expansion plans, working capital requirements/investment in new projects.
3. While borrowing can provide necessary funds for growth, it's essential to manage debt levels prudently to avoid financial strain & maintain creditworthiness.

Mukka Proteins IPO Promoter Holding

Promoters of Company are following
1. Kalandan Mohammed Haris 
2. Kalandan Mohammad Arif 
3. Kalandan Mohammed Althaf

Mukka Proteins promoters, Kalandan Mohammed Haris, Kalandan Mohammad Arif, & Kalandan Mohammed Althaf, have collectively acquired 11,24,51,830 & 600,16,690 equity shares each, at average cost of ₹ 0.98 per share.

Conclusion 

This Mukka Proteins IPO Analysis indicates positive growth trends in key metrics such as revenue, profit after tax, net worth, & reserves & surplus. However, increase in total borrowing suggests need for careful monitoring to ensure sustainable financial health & manage leverage effectively. Overall, company appears to be on growth trajectory, but prudent financial management & strategic decision-making will be crucial for long-term success.

 

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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