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Mishtann Foods Ltd share Price Today

Company details

18.27
18.60
9.55
26.36
6M Return 9.92%
1Y Return 54.23%
Mkt Cap.(Cr) 1,894.46
Volume 1,430,103
Div Yield 0.01%
OI
-
OI Chg %
-
Volume 1,430,103

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Agricultural Products company Mishtann Foods announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations grew by 99.88% from Rs 168.89 crore in Q4FY23 to Rs 337.57 crore in Q4FY24 primarily driven by handsome contribution from newly incorporated subsidiary and robust demand for various products in the domestic and international markets.
  • EBITDA increased by 314.56% from Rs 23.35 crore in Q4FY23 to Rs 96.80 crore in Q4FY24
  • EBITDA margins increased from 13.82% in Q4FY23 to 28.67% in Q4FY24 by 1485 bps.
  • PAT increased by 566.53 % from Rs 14.13 crore in Q4FY23 to Rs 94.18 crore in Q4FY24.
  • PAT margins increased from 8.36% in Q4FY23 to 27.90% in Q4FY24 by 1954 bps. 

FY24 Financial Highlights:

  • Revenue from operations recorded a stellar growth of 98.05% from Rs 650.38 crore in FY23 to Rs 1288.08 crore in FY24.
  • The EBITDA increased by 334.72% from Rs 82.61 crore in FY23 to Rs 359.12 crore in FY24
  • EBITDA margin rose by 1518 bps from 12.70% in FY23 to 27.88% in FY24.
  • PAT stood at Rs 346.02 crore in FY24 as compared to Rs 49.92 crore in FY23 witnessing a growth of 593.15%
  • PAT margins rose by 1918 bps from 7.68% in FY23 to 26.86% in FY24.

Commenting on the Q4 & FY24 Performance, the Management added, “We are extremely happy to announce outstanding financial performance for Q4 & FY24. We have been able to achieve 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 99.88%, reaching Rs 337.57 crore in Q4FY24 compared to Rs 168.89 crore in Q4FY23. This growth was primarily driven by robust demand and successful geographic expansion of our products including handsome contributions from wholly owned subsidiaries.

We are also delighted to report a substantial surge in EBITDA by 314.56%, reaching Rs 96.80 crore in Q4FY24, and an exceptional improvement in EBITDA margins by 1485 basis points, which stood at 28.67% in Q4FY24. Our focus on optimizing costs and enhancing operational efficiency has played a vital role in achieving these remarkable milestones.

Another significant achievement in Q4FY24 is the growth of our PAT, which stood at Rs 94.18 crore, representing a remarkable increase of 566.53% compared to the previous year. Also, PAT margins improved by 1954 basis points to 27.90%. This growth in profitability is a result of our relentless focus on driving revenue growth and enhancing operational effectiveness.

In FY24, our revenue from operations grew by an impressive 98.05%, reaching Rs 1288.08 crore. This growth is a testament to the successful execution of our business strategies and the strength of our market presence. Our EBITDA increased by 334.72% to Rs 359.12 crore, highlighting our ability to improve operational efficiency and maximize profitability. We are proud to see our EBITDA margin rise by 1518 bps to 27.88%, indicating effective cost management and a favourable product mix. Our new measures increased our PAT in FY 24 by 593.15% to Rs 346.02 crore.

Result PDF

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Mishtann Foods Ltd shares SWOT Analysis

Strengths (8)

  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (0)

Data not found

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 18.8
R2 19.4
R3 19.8
Pivot

18.42

S1 17.8
S2 17.4
S3 16.8
EMA SMA
17.1
17.7
17.9
16.7
16.8
18.0
19.1
16.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NK SECURITIES RESEARCH PVT. LTD. Bulk Purchase 2024-02-06 24.13 5076004 BSE
NK SECURITIES RESEARCH PVT. LTD. Bulk Sell 2024-02-06 24.17 5076004 BSE
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED Bulk Purchase 2024-02-05 24.73 5167770 BSE
Name Category Shares
PATEL HITESHKUMAR GAURISHANKAR PROMOTER 48.38%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
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Profit after Tax
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Mishtann Foods Ltd Stocks COMPARISON

Financials( in Cr) Mishtann Foods Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 18.40 2,462.75 2,520.00 1,621.15 1,380.80
% Change 0.71 0.23 -0.24 -0.11 -0.79
Mcap Cr 1,894.46 578,645.52 242,967.56 210,652.88 141,230.99
Revenue TTM Cr 1,288.09 61,896.00 25,171.92 16,042.58 13,315.97
Net Profit TTM Cr 346.03 10,282.00 3,932.84 2,101.81 1,702.46
PE TTM 5.60 56.21 76.36 97.44 74.23
1 Year Return 54.23 -8.22 10.55 102.30 29.44
ROCE 88.74 25.00 69.17 27.83 16.35
ROE 98.73 20.26 108.49 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 535.78 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,341.08 2,221.69
LAST 3M 102,344.89 -28,029.53
LAST 6M 175,303.31 -12,219.28
LAST 12M 288,302.63 96,022.29

Mishtann Foods Ltd Information

Stock PE (TTM)
5.6
Promoter Holding
48.38%
Book Value
5.0703
ROCE
88.74%
ROE
98.73%
Description
  • 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
Registrar

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 : B
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 Jun 20, 2024 10:00 AM the closing price of Mishtann Foods Ltd was Rs.18.40.

The latest PE ratio of Mishtann Foods Ltd as of Jun 20, 2024 10:00 AM is 5.60

The latest PB ratio of Mishtann Foods Ltd as of Jun 20, 2024 10:00 AM is 0.28

The 52-week high of Mishtann Foods Ltd share price is Rs. 26.36 while the 52-week low is Rs. 9.55

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 Jun 20, 2024 10:00 AM, the market cap of Mishtann Foods Ltd stood at Rs. 1,894.46.

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