Mukka Proteins was listed on the NSE and BSE on March 7, 2024. Let’s explore Mukka Proteins growth potential and Mukka Proteins share price target from 2025 to 2050 in this article.
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About Mukka Proteins
Mukka Proteins was founded in 1985. It produces high-quality fish meal, fish oil, and other protein-based products for animal feed, pet food, and aquaculture. The company prioritises methods that are environmentally and sustainable, sourcing raw materials from fresh marine and poultry waste.
Mukka Proteins Business Model
- Manufacturing of Fish Meal: They manufacture and sell fish meal, a high-protein product that is used in feeds for fish, prawns, poultry and pets.
- Producing Fish Oil: They produce and sell fish oil, which is used in drugs, soap, leather treatment, paint production, and animal feeds.
- Building Fish Soluble Paste: They make fish soluble paste, a healthy semi-liquid product used to boost fishing and animal feed growth rates.
- Developing Insect-Based Products: Using their associate company, Ento Proteins Private Limited, they are creating insect meal and insect oil as green goods for fishing, animal feed, and pet food.
Mukka Proteins Fundamental Analysis
| Stock Name | Mukka Proteins Ltd. |
|---|---|
| NSE Symbol | MUKKA |
| Market Cap | ₹ 980 Cr. |
| 52W High | ₹ 56.6 |
| 52W Low | ₹ 30.0 |
| Stock P/E | 13.3 |
| Book Value | ₹ 281 |
| Dividend Yield | 0.00 % |
| ROCE | 18.8 % |
| ROE | 25.6 |
| Face Value | ₹ 1.00 |
| Shareholders | Mar 2024 | Dec 2024 |
|---|---|---|
| Promoters | 73.33% | 73.33% |
| FIIs | 6.46% | 2.63% |
| DIIs | 2.00% | 1.98% |
| Public | 18.21% | 22.06% |
| No. of Shareholders | 1,15,928 | 1,46,062 |
Key Factors Driving Mukka Proteins Future Growth
- Growing Demand for Animal Protein: Mukka Proteins benefits from the rising need for animal protein worldwide, as more people consume meat, fish, and dairy products.
- Growing Pet Food Industry: As more people own pets, the demand for high-quality pet food rises, allowing Mukka Proteins to grow its business.
- Rising Aquaculture Industry: The seafood industry grows rapidly and Mukka Proteins offers fish meal and other products to support fish farming.
- Strong Focus on Exports: Mukka Proteins has a strong focus on trade, which has helped it grow its market beyond India.
- Advanced Processing Technology: Mukka Proteins invests in advanced technology and tools in order to create quality protein products.
- Sustainable Sourcing Practices: Mukka Proteins ensures responsible sourcing of raw materials, making it a popular choice among green customers.
- Government Help for the Sector: Policies that benefit the animal feed and fishing sectors provide opportunities for Mukka Proteins to grow.
- Increased Health Education: As more people seek high-quality nutrition in their food and feed, the demand for Mukka Proteins’ products grows.
- Partners and Purchases: Mukka Proteins works with other companies and makes strategic investments to improve its market position.
- Diversified Product Portfolio: Mukka Proteins has a diverse range of products, reducing risks and tapping into industries such as poultry, fishing, and pet food.
- Successful Supply Chain Management: Mukka Proteins ensures smooth production and delivery, allowing it to maintain strong customer relationships.
- Reputation for Quality: Mukka Proteins has a reputation for producing high-quality protein supplies, which helps it attract and retain customers.
Pros of Mukka Proteins
- Strong Sales Growth: Mukka Proteins has achieved a strong sales growth of 32% CAGR over the last three years.
- Strong Profit Growth: Mukka Proteins has achieved a strong profit growth of 123% CAGR over the last three years.
- High Return on Equity (ROE): Mukka Proteins has maintained an average ROE of 26.3% over the last five years, which shows that the Mukka Proteins is using shareholders funds efficiently to generate profits.
- Low PE Ratio Compared to Peers: Mukka Proteins has a PE ratio of 16.6, which is lower than the industry average of 28.5, making it relatively undervalued and potentially a good investment opportunity.
- High Promoter Holding: Mukka Proteins has a strong promoter holding of 73.3%, indicating the promoters’ high confidence in the company’s future growth and stability.
Cons of Mukka Proteins
- High Financial Risk: Mukka Proteins has a high debt-to-equity ratio of 1.07, indicating a strong dependency on debt. This increases financial risk, raises interest costs, and may have an impact on profitability.
- Decrease in Institutional Confidence: DIIs have reduced their holding to 1.98% in December 2024 from 2.00% in September 2024 while FIIs have reduced their holding to 2.63% in December 2024 from 2.81% in September 2024, indicating a decline in institutional confidence in the company’s future growth prospects.
| Years | Target Price |
|---|---|
| Mukka Proteins Share Price Target 2025 | ₹40 to ₹50 |
| Mukka Proteins Share Price Target 2026 | ₹50 to ₹65 |
| Mukka Proteins Share Price Target 2027 | ₹60 to ₹85 |
| Mukka Proteins Share Price Target 2028 | ₹70 to ₹110 |
| Mukka Proteins Share Price Target 2029 | ₹90 to ₹140 |
| Mukka Proteins Share Price Target 2030 | ₹100 to ₹190 |
| Mukka Proteins Share Price Target 2035 | ₹200 to ₹560 |
| Mukka Proteins Share Price Target 2040 | ₹400 to ₹1700 |
| Mukka Proteins Share Price Target 2050 | ₹1630 to ₹10160 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.