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Mishtann Foods Ltd share Price Today

Company details

6M Return 95.75%
1Y Return 64.50%
Mkt Cap.(Cr) 1,566.00
Volume 10,754,829
Div Yield 0.01%
OI Chg %
Volume 10,754,829

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Other Agricultural Products company Mishtann Foods announced Q1FY24 results:

  • Revenue from Operations grew by 85.73% from Rs 158.26 crore in Q1FY23 to Rs 293.94 crore in Q1FY24 primarily driven by robust demand.
  • EBITDA increased by 298.84% from Rs 18.24 crore in Q1FY23 to Rs 71.26 crore in Q1FY24
  • EBITDA margins increased from 11.52% in Q1FY23 to 24.75% in Q1FY24 by 1,323 bps.
  • PAT increased by 525.31% from Rs 11.02 crore in Q1FY23 to Rs 68.91 crore in Q1FY24.
  • PAT margins increased from 6.96% in Q1FY23 to 23.44% in Q1FY24 by 1,648 bps.

Commenting on the Q1FY24 performance, Management added, “We are thrilled to announce outstanding financial performance for Q1FY24. We have achieved remarkable growth across various key financial indicators, reflecting our strong market presence, operational excellence, and customer-centric approach. Our Revenue from Operations witnessed an impressive increase of 85.73%, reaching Rs 293.94 crore compared to Rs 158.26 crore in Q1FY23. This growth was primarily driven by robust demand and successful geographic expansion of our products including a very positive response to our setting up a wholly owned subsidiary in the United Arab Emirates.

We are also delighted to report a substantial surge in EBITDA by 298.84%, reaching Rs 71.26 crore, and an exceptional improvement in EBITDA margins by 1,323 basis points, which stood at 24.75% in Q1FY24. Our focus on optimizing costs and enhancing operational efficiency has played a vital role in achieving these remarkable milestones. Additionally, our Profit After Tax (PAT) has shown extraordinary growth of 525.31%, reaching Rs 68.91 crore, with PAT margins improving by 1648 basis points to 23.44% in Q1FY24. Even though there were cost escalations driven primarily by volatile markets on the supply side posing various challenges, we were able to deliver another quarter of satisfactory margins, with improved cost optimization, continued operating leverage, and a stable pricing environment for our entire product line. Our penetration into newer markets and stepping into new geographies in the present quarter was a game-changing factor that will be sustainable in the times to come.

These phenomenal results are a testament to our ability to consistently deliver value to our stakeholders and our commitment to driving sustainable growth. Moreover, we are proud to announce the incorporation of two Wholly Owned Subsidiaries operating in the fields of grain-based ethanol and electric vehicle components. This strategic move reflects our forward-looking approach, capitalizing on emerging opportunities in sustainable technologies and eco-friendly solutions.

We are confident that these exceptional financial results and our expansion into sustainable sectors will further propel our company's growth and enhance our position as a leading player in the industry. We express our gratitude to our dedicated employees, loyal customers, and supportive stakeholders for their unwavering trust and contribution to our success. Looking ahead, we remain committed to delivering on our promises, driving innovation, and creating long-term value for our shareholders and the community we serve.”


Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Mishtann Foods Ltd Stocks COMPARISION


Equity Capital: 150.21 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,627.88 33,461.81
LAST 3M 55,364.88 13,143.97
LAST 6M 96,704.70 86,889.39
LAST 12M 161,735.00 130,136.85

Mishtann Foods Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Incorporated in 1981, HICS Cements Ltd (HCL) did not make any progress for the next 10 years, as it could not get any term loan. In 1991, it decided to set up a cement unit of 40 tpd which was delayed due to non-availability of power. It was expected to start in Oct.`95. HCL is setting up two plants in Gujarat with individual capacities of 200 tpd and 260 tpd. The Rs 10.82-cr project was mainly funded by a public issue in Sep.`95. One advantage for HCL is its own leasehold mine at Rajkot. So, limestone is easily available and the proximity of the mine and the plant will reduce transportation cost. The new facilities are expected to start commercial production by Feb.`96. HCL plans to export 25% of its output. The Company has changed its name from Hics Cements Limited to Mishtann Foods Limited on 19 February 2015,after obtaining approval from members of the company through postal ballot procedure. Also the company has changed its main object from manufacturing of cements to trading and processing of food items.The company is engaged in manufacturing of rice,wheat and other agricultural products. Mishtann Foods is a diversified agribusiness and foods company with a dominant portfolio of basmati rice. The Company owns leading brands such of Mishtann- Jasper, Emerald, Ecstasy, Pristino Basmati Rice. The company has obtained approval of shareholders at their Extra Ordinary General Meeting held on 15 April 2017 for Consolidation of face value of Shares of Re 1/- each into Rs. 10/- each , Consolidation of existing equity shares from every TEN equity share of Rs.1/- each into ONE equityshare of Rs.10/- each w.e.f. 15 April 2017. During the FY2018,the company has allotted 21003000 equity shares of Rs 10 each at par to promoters and non-promoters on preferential basis. During the FY2019,the company has allotted 1898090 equity shares of Rs 10 each at par to promoters and non-promoters on preferential basis. The Company has received approval of its Shareholders in the Annual General Meeting held on 27 September 2018,to split the face value of equity share from Rs.10 to Re.1 and accordingly the stock split was done. Mishtann Shoppee India Private Limited (formerly known as Mishtann Agro Private Limited) ceased to be subsidiary Company of Mishtann Foods Limited w.e.f. 14 May 2018. The Company has listed its Equity Shares on BSE Limited and Metropolitan Stock Exchange of India Limited. During FY 2020-21 due to Covid-19 pandemic situation other business sectors like hotel, Restaurant, Grocery Malls were also affected,Which lead to falls in Market demand of Company`s product.

Registered Address

B-905 Empire Business Hub, Science City Road Sola, Ahmedabad, Gujarat, 380060

Email : cs:mishtann.com
Website : http://www.mishtann.com

System Support Services

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 539594
NSE Code :
Book Closure Date (Month) : Sep
BSE Group : X
ISIN : INE094S01041

FAQ’s on Mishtann Foods Ltd Shares

You can buy Mishtann Foods Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Mishtann Foods Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 06, 2023 04:00 PM the closing price of Mishtann Foods Ltd was ₹ 15.66.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 06, 2023 04:00 PM, the market cap of Mishtann Foods Ltd stood at ₹ 1,566.00.

The latest PE ratio of Mishtann Foods Ltd as of Dec 06, 2023 04:00 PM is 31.32

The latest PB ratio of Mishtann Foods Ltd as of Dec 06, 2023 04:00 PM is 0.04

The 52-week high of Mishtann Foods Ltd is ₹ 16.99 while the 52-week low is ₹ 7.09

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