TickerSutra

NSE: MUKKA · BSE: 544135 · ISIN INE0CG401037

Mukka Proteins Limited stock analysis

Mukka Proteins Limited ranks #3885 in the TickerSutra evidence-ranked universe with a score of 37/100 and 91% data confidence. The latest captured fundamentals show ROCE of 11.6%, quarterly sales growth of 186.7% and quarterly profit growth of 1142.8%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE37/100

Avoid / exit review

#3885 of 5,430 ranked equities
Market capitalisation₹917.7cr
ROCE11.6%
Quarterly sales growth186.7%
Quarterly profit growth1142.8%
P/E ratio13.2×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • CFO/EBITDA is below 0.6×
  • Extreme base-effect growth requires manual validation

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹770cr₹48cr₹26cr6.0%
2023₹1,177cr₹86cr₹48cr7.0%
2024₹1,380cr₹105cr₹74cr8.0%
2025₹1,006cr₹95cr₹48cr9.0%
2026₹1,449cr₹115cr₹57cr8.0%
TTM₹1,768cr₹147cr₹74cr8.0%
Debt / equity1.56×
CFO / EBITDA-0.97×
Operating margin8.0%
Free cash flow₹-230cr
Sales CAGR · 3Y7.2%
Profit CAGR · 3Y5.9%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts9 routine filings
RoutineTrading WindowBSE · 25 Sept 2026

Mukka Proteins Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

RoutineAnalyst/Investor Meet Para A-XBRLNSE · 23 Sept 2026 · Structured filing

MUKKA PROTEINS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet

Readable disclosure summary

MUKKA PROTEINS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet

Open original XBRL source
RoutineMukka Proteins Ltd - 544135 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNSE · 23 Sept 2026

Intimation of the schedule of Analyst/Investor meeting.

RoutineAnalyst/Investor Meet Para A-XBRLNSE · 12 Sept 2026 · Structured filing

MUKKA PROTEINS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet

Readable disclosure summary

MUKKA PROTEINS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet

Open original XBRL source
RoutineAnalysts/Institutional Investor Meet/Con. Call UpdatesNSE · 12 Sept 2026

Mukka Proteins Limited has informed the Exchange about Schedule of Investor meet to be held on 17th September 2026

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 2 mentions
Positive catalyst

For Mukka Proteins, sustainability is embedded across our operations through responsible marine sourcing, waste-to- value initiatives, alternate proteins and environmental solutions. Outlook: Disciplined Growth amid Climate and Commodity Volatility We remain committed to our ambition of exceeding ₹3,000 crore in revenue by FY30, supported by organic growth, capacity expansion, value-added products, international expa

Backward integrationHigh severity · 1 mention
Positive catalyst

Refinancing risk given elevated leverage; currency risk given high export mix. OUTLOOK Management has articulated an aspiration to more than double consolidated revenue from ₹1,449 crore in FY26 to over ₹3,000 crore by FY30, driven by continued integration across the Company's four verticals, disciplined organic and inorganic expansion (including the Oman and Sri Lanka initiatives), and backward integration into fish

Market share gainHigh severity · 1 mention
Positive catalyst

The summit offered valuable insights into evolving market trends, strengthened strategic relationships and opened new avenues for collaboration. Our presence at this prestigious event reaffirmed our commitment to sustainable growth, innovation, and global market leadership in the animal nutrition industry. IFFO CHINA SUMMIT 2026 IFFO CHINA SUMMIT 2026 IFFO MEMBER’S MEETING 2026 IFFO MEMBER’S MEETING 2026 Mukka Protei

Debt reductionHigh severity · 1 mention
Positive catalyst

While climate-related events such as El Niño may create both opportunities and challenges for the marine-ingredients industry, we believe our diversified business model, international presence, alternate-protein platform and disciplined operating approach position us well for long-term growth. Alongside growth, we remain focused on cost optimization, deleveraging, working-capital discipline and prudent capital alloca

Export market updatesHigh severity · 9 mentions
Constructive

The confirmation received from Global Trust Certification, NSF, Ireland, enhances the Company’s alignment with international sustainability and responsible sourcing standards. This development is expected to improve supply chain transparency, reduce sourcing risks through traceable and fishery improvement programme-linked supply chains, and support compliance with global standards, thereby enhancing the Company’s bra

Regulatory updatesModerate severity · 17 mentions
Constructive

The renewed consent, valid from 12 November 2025 to 30 September 2032, permits the Company to lawfully operate its industrial activities in compliance with prescribed environmental norms. This approval reinforces the Company’s adherence to regulatory standards relating to effluent treatment, emission-control systems and pollution-prevention measures, thereby supporting continuity of operations and strengthening its e

Regulatory approvalModerate severity · 5 mentions
Positive catalyst

Policy has provided a consistent tailwind: the Swachh Bharat Mission (and its second phase, SBM 2.0, targeting “garbage- free” cities and the scientific remediation of legacy dumpsites), the Solid Waste Management Rules, 2016 (with updated rules mandating multi-stream segregation taking effect through 2026), and a series of state- and city-level programmes have collectively lifted the share of MSW scientifically proc

Institutional interestLow severity · 3 mentions
Watch

In all interactions with institutional investors and financial analysts, the Company ensures that no unpublished price-sensitive information is shared or discussed. The quarterly / half yearly / annual financial results and other communication including official news release to shareholders and Stock Exchanges, inter-alia, presentations to institutional investors & analysts, press releases, etc., are made available o

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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