About Mukka Proteins Share Price

Mukka Proteins is a leading manufacturer and marketer of animal proteins sourced from the sea. It is striving for excellence in offering top-quality fish meal, fish oil, and soluble fish paste as core value products in animal feed and industrial applications. Recently, Mukka Proteins diversified its product profile to include alternative proteins like BSF insect meal, therefore strongly positioning itself in the business of animal food. Mukka Proteins Limited share price has shown significant volatility in recent months, reflecting broader market trends. Investors are keeping a close eye on the Mukka Proteins share price as the company continues to expand its manufacturing capabilities. To get the latest information, check the Mukka Proteins share price today on financial news websites or stock market apps.

Moreover, for real-time updates, you can track the Mukka Proteins share price NSE on the National Stock Exchange's official platform.

History of Mukka Proteins Limited

Incorporated in 2003, Mukka Proteins is a leading company in the Animal Protein Industry, which produces and markets premium quality Fish meat, Fish Oil, and Fish Soluble Paste. Mukka Proteins has emerged slowly but surely as a leading producer of fish proteins in India and contributes considerably to Indian Fishmeal and Fish Oil markets. The company has six manufacturing facilities, of which four are in India and the remaining two in Oman. Its products are sold not only in the domestic market but also in more than ten countries including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam. Domestic markets contributed to 32% of sales in the first half of FY24, while exports contributed 68%.

Business Segments of Mukka Proteins

Mukka Proteins operates in various diversified key business segments:

Fish Meal Production: The production of fish meal is the most integral product of Mukka Proteins. It comprised 82% of the company's overall revenues in FY23. Generally, the company manufactures this product from pelagic fish and fish wastes available locally and internationally. This resultant fish meal is used largely in animal feed to enhance livestock and aquaculture.

Fish Oil Production: It forms 14% of the revenue for Mukka Proteins in FY23. A by-product of fish meal production is used in industries such as soap manufacturing, leather tanning, paint production, and pharmaceuticals. Growing demand for Omega-3 supplements boosted the importance of fish oil in the health and nutrition sector more recently.

Fish Soluble Paste: Fish soluble paste is the smallest segment, which contributes 2% to the revenues. Fish soluble paste is a very good raw material ingredient used in animal feed for better nutritional value and growth development.

Insect Meal and Oil: Other alternative proteins have come into place wherein Mukka has ventured into insect meals and insect oil business. Segments contributed 2% of revenue in FY23 showcasing the innovation of the company in sustaining alternative feed protein sources.

Financial Performance of Mukka Proteins

Mukka Proteins net sales were at ₹172.50 crore in June 2024 down 37.1% from ₹274.23 crore in June 2023.
The quarterly net profit stood at ₹4.23 crore in June 2024 up 3.99% from ₹4.06 crore in June 2023.
Mukka Proteins’ EBITDA stands at ₹16.97 crore in June 2024 down 10.92% from ₹19.05 crore in June 2023.
The company’s EPS has decreased to ₹0.14 in June 2024 from ₹0.29 in June 2023.

Key Personnel of Mukka Proteins

Mr. K Abdul Razak is the Founder Chairman.
Mr. K Mohammed Haris is the Managing Director & CEO.
Mr. Karkala Shankar Balachandra Rao is the Chairman & Independent Director.
Mr. K Mohammad Arif is the Whole Time Director & COO.
Mr. K Mohammed Althaf is the Whole Time Director & CFO.
Mr. Narendra Surendra Kamath is the Independent Director.
Mr. Hamad Bava is the Independent Director.
Mr. Umaiya Banu is the Non-Executive Director.

Mukka Proteins Ltd

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