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NSE:MUKKA

MUKKA PROTEINS LIMITED

Fast Moving Consumer Goods › Food Products
₹24.90
at close · 27 Oct 2026
▲ 0.00 (+0.00%)

Latest filings

  1. Mukka Proteins facility receives US FDA registration · Business Updates
  2. Mukka Proteins' Oman Subsidiary Starts Commercial Production · Capex & Operations
  3. Mukka Proteins guarantees Rs 73.58 cr loan for Oman subsidiary to HDFC Bank · Credit & Debt
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Processes marine raw materials into fishmeal, fish oil and related protein products, holding a 25-30% market share in Fish Protein. Operates four verticals: Fish Protein, Alternate Proteins (insect protein via Black Soldier Fly), a Waste Management business, and Frozen Seafood. FY26 revenue was ₹1,449.5 crore, up 45% from ₹1,006.4 crore in FY25, with net profit of ₹57.1 crore. Recent moves include acquiring a 51% stake in Delta Marine Products, a fish meal and fish oil maker, for ₹11.10 crore, a 21,249 sq mt Oman facility, entry into Sri Lanka via Lanka Bio Proteins, and a ₹474.89 crore Bengaluru leachate management contract from BBMP/BSWML. Raw materials are the dominant cost at 98.7% of revenue. The business is working-capital heavy — operating cycle of 189 days in FY26 versus under 70 days in FY21-24, with inventory at 192 days — and management has guided for ₹3,000+ crore revenue by FY30.

Operating scale
Fish Protein market share
25-30%FY26
Oman manufacturing facility
21,249 sq mtFY26
Bengaluru waste management contract
₹474.89 croreFY26
Delta Marine Products stake
51% (acquired for ₹11.10 crore)
Operating cycle
189 daysFY26
FY30 revenue target
₹3,000+ crore
Who pays it
Aquaculture and animal feed buyers for protein products; municipal bodies such as BBMP/BSWML for waste management
Biggest cost
Raw materials (marine inputs) at 98.7% of revenue
Kind of business
Asset-heavy marine processing with very high working capital intensity
Where it sits
Holds 25-30% market share in the Fish Protein vertical
Market Cap
₹747 Cr
P / E (TTM)
10.8×
EV / EBITDA
8.6×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
22.1%▲
ROCE (FY26)
ROE 10.8% · margin 9.9%
Leverage
1.45·
Debt / Equity · moderate
Net debt ₹755 Cr
Revenue FY24→FY26
1.1×▲
Margin −1.4 pts
₹1,380 Cr → ₹1,449 Cr
Cash conversion
-2.08×▼
Operating cash ÷ profit · 3 yrs
₹-374 Cr on ₹179 Cr
Moves on a normal day
1.25%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 7 Animal Feed peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/8
P/B#2/5
ROCE#5/6
ROE#4/5
Debt / Equity#5/5
EBITDA margin#1/6
Revenue growth#1/6
Profit growth#1/5

Scorecard

Measured from the filed financials, judged against its Animal Feed peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 22.1%
#5 of 6 in Animal Feed on the latest reported figures
Carries more debt than its peers — 1.45× equity
higher than 100% of its 5 Animal Feed peers
Over 3 years it reported ₹179 Cr of profit and an operating cash outflow of ₹374 Cr — -2.08×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 201 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

MUKKA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MUKKA PROTEINS LIMITED's filed financials and exchange disclosures

What does MUKKA PROTEINS LIMITED do?

MUKKA PROTEINS LIMITED is a Food Products company listed on NSE and BSE, trading under the symbol MUKKA.

Is MUKKA PROTEINS LIMITED profitable?

Yes. Over the trailing twelve months MUKKA PROTEINS LIMITED reported a net profit of ₹74 Cr on revenue of ₹1,768 Cr.

Does MUKKA PROTEINS LIMITED pay a dividend?

Not in the latest reported year — MUKKA PROTEINS LIMITED's dividend payout for FY26 was nil.

Is MUKKA PROTEINS LIMITED debt-free?

No. It reported borrowings of ₹768 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹755 Cr after cash. Debt stands at 1.45× equity. That is higher than 100% of its 5 Animal Feed peers.

Is MUKKA PROTEINS LIMITED expensive compared with its peers?

On trailing P/E, MUKKA PROTEINS LIMITED ranks 3 of 8 in Animal Feed — cheaper than 71% of them, against an industry median of 14.7×. This is a position, not a valuation judgement.

How much does the MUKKA PROTEINS LIMITED share price move in a day?

On a typical session MUKKA PROTEINS LIMITED moves 1.25% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MUKKA PROTEINS LIMITED's announcements?

Every NSE and BSE filing by MUKKA PROTEINS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.