BSE: 532143 | NSE: SKMEGGPROD | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that SKM Egg Products Export (India) Ltd is a average quality company.
The key valuation ratios of SKM Egg Products Export (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SKM Egg Products Export (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 35.4% | 30.4% | 4.1% | 6.9% | 8.5% | 9.4% | 14.4% | 8% | 46.8% | 35.8% | - |
| Value Creation Index ⓘ | 1.5 | 1.2 | -0.7 | -0.5 | -0.4 | -0.3 | 0.0 | -0.4 | 2.4 | 1.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 271 | 270 | 195 | 282 | 286 | 272 | 246 | 291 | 657 | 690 | 557 |
| Sales YoY Gr. | - | -0.7% | -27.5% | 44.3% | 1.5% | -4.9% | -9.9% | 18.4% | 126.1% | 5% | - |
| Adj EPS ⓘ | 7.1 | 7.7 | -2.6 | -2.3 | 3.6 | 0.7 | 4.9 | 2 | 29.6 | 31 | 16.5 |
| YoY Gr. | - | 8.3% | -133.3% | NA | NA | -81.2% | 634.3% | -58.9% | 1367.3% | 4.7% | - |
| BVPS (₹) ⓘ | 26 | 33.8 | 33.8 | 34.1 | 35.9 | 37.3 | 42.8 | 44.7 | 72.9 | 103.5 | 109.8 |
| Adj Net Profit ⓘ | 18.7 | 20.2 | -6.7 | -6 | 9.4 | 1.8 | 13 | 5.3 | 78 | 81.7 | 43 |
| Cash Flow from Ops. ⓘ | 36.6 | 27.9 | -2 | 14.7 | 16.3 | -10.2 | 23 | -0.1 | 63.4 | 108 | - |
| Debt/CF from Ops. ⓘ | 1.1 | 1.3 | -21.5 | 3 | 2.7 | -6.4 | 2.4 | -700.3 | 1.4 | 1.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.9% | 19.2% | 41.1% | 5% | ||||
| Adj EPS ⓘ | 17.8% | 54.2% | 84.7% | 4.7% | ||||
| BVPSⓘ | 16.6% | 23.6% | 34.3% | 42% | ||||
| Share Price | 43.5% | 44% | 52.4% | -35% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 32.9 | 25.7 | -7.6 | -6.7 | 10.2 | 1.8 | 12.3 | 4.6 | 50.4 | 35.2 | 15.5 |
| Op. Profit Mgn % ⓘ | 13.5 | 13 | -2.6 | -1.6 | 3.3 | 0.1 | 12.8 | 10.3 | 22.5 | 21.9 | 11.3 |
| Net Profit Mgn % ⓘ | 6.9 | 7.5 | -3.4 | -2.1 | 3.3 | 0.7 | 5.3 | 1.8 | 11.9 | 11.8 | 7.8 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.5 | 0.5 | 0.5 | 0.7 | 0.5 | 0.7 | 0.5 | 0.5 | 0.2 |
| Working Cap Days ⓘ | 81 | 87 | 133 | 98 | 93 | 114 | 150 | 141 | 81 | 89 | 100 |
| Cash Conv. Cycle ⓘ | 49 | 57 | 90 | 56 | 50 | 75 | 107 | 111 | 61 | 61 | 58 |
Sales growth is growing at healthy rate in last 3 years 41.11%
Net Profit is growing at healthy rate in last 3 years 84.74%
Debt to equity has declined versus last 3 years average to 0.50
Return on Equity has declined versus last 3 years average to 15.50%
Sales growth is not so good in last 4 quarters at -23.91%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 16.5 | 16.2 |
| TTM Sales (₹ Cr.) | 557 | 561 |
| BVPS (₹.) ⓘ | 109.8 | 111.4 |
| Reserves (₹ Cr.) ⓘ | 268 | 267 |
| P/BV ⓘ | 2.20 | 2.17 |
| PE ⓘ | 14.62 | 14.94 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 212.30 / 424.00 |
| All Time Low / High (₹) | 1.10 / 559.40 |
| Market Cap (₹ Cr.) | 635 |
| Equity (₹ Cr.) | 26.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 271 | 270 | 195 | 282 | 286 | 272 | 246 | 291 | 657 | 690 |
| Operating Expenses ⓘ | 235 | 236 | 201 | 286 | 282 | 272 | 214 | 261 | 513 | 539 |
| Manufacturing Costs | 32 | 32 | 21 | 24 | 27 | 30 | 24 | 31 | 61 | 59 |
| Material Costs | 177 | 176 | 156 | 234 | 218 | 205 | 162 | 198 | 388 | 408 |
| Employee Cost | 14 | 16 | 13 | 12 | 14 | 16 | 16 | 17 | 25 | 33 |
| Other Costs ⓘ | 11 | 11 | 10 | 17 | 22 | 20 | 12 | 15 | 40 | 39 |
| Operating Profit ⓘ | 36 | 34 | -5 | -4 | 5 | 0 | 31 | 30 | 144 | 151 |
| Operating Profit Margin (%) | 13.4% | 12.6% | -2.6% | -1.6% | 1.6% | 0.1% | 12.7% | 10.3% | 21.9% | 21.9% |
| Other Income ⓘ | 17 | 14 | 22 | 20 | 13 | 21 | 13 | 9 | 1 | 12 |
| Interest ⓘ | 5 | 3 | 5 | 5 | 4 | 6 | 4 | 4 | 9 | 10 |
| Depreciation ⓘ | 13 | 12 | 12 | 6 | 6 | 7 | 21 | 24 | 34 | 40 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 35 | 33 | 0 | 4 | 7 | 8 | 20 | 11 | 102 | 112 |
| Tax ⓘ | 10 | 10 | -1 | 3 | 1 | 3 | 4 | 3 | 27 | 29 |
| Profit After Tax | 25 | 23 | 2 | 1 | 6 | 5 | 16 | 8 | 75 | 84 |
| PAT Margin (%) | 9.3% | 8.4% | 0.9% | 0.3% | 2.1% | 1.9% | 6.4% | 2.7% | 11.5% | 12.2% |
| Adjusted EPS (₹) | 9.6 | 8.6 | 0.7 | 0.4 | 2.3 | 2.0 | 6.0 | 3.0 | 28.7 | 31.9 |
| Dividend Payout Ratio (%) | 10% | 12% | 0% | 137% | 22% | 25% | 17% | 17% | 9% | 8% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 68 | 89 | 89 | 90 | 95 | 98 | 113 | 118 | 192 | 273 |
| Share Capital ⓘ | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| Reserves ⓘ | 42 | 63 | 63 | 63 | 68 | 72 | 86 | 91 | 166 | 246 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 41 | 36 | 43 | 44 | 43 | 64 | 54 | 77 | 85 | 134 |
| Long Term Debt | 5 | 1 | 0 | 0 | 4 | 3 | 1 | 4 | 13 | 48 |
| Short Term Debt | 36 | 35 | 43 | 44 | 39 | 62 | 53 | 73 | 71 | 86 |
| Trade Payables | 11 | 11 | 17 | 16 | 16 | 15 | 14 | 13 | 24 | 22 |
| Others Liabilities ⓘ | 18 | 16 | 11 | 10 | 11 | 11 | 22 | 20 | 32 | 33 |
| Total Liabilities ⓘ | 139 | 151 | 160 | 160 | 164 | 189 | 203 | 227 | 334 | 461 |
Fixed Assets | ||||||||||
| Gross Block | 131 | 135 | 135 | 144 | 149 | 158 | 171 | 181 | 197 | 243 |
| Accumulated Depreciation | 63 | 68 | 74 | 80 | 86 | 93 | 101 | 111 | 121 | 130 |
| Net Fixed Assetsⓘ | 67 | 66 | 61 | 64 | 62 | 65 | 69 | 70 | 75 | 114 |
| CWIP ⓘ | 0 | 1 | 3 | 1 | 5 | 3 | 2 | 1 | 24 | 34 |
| Investmentsⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 17 | 17 | 5 | 7 |
| Inventories | 43 | 43 | 52 | 39 | 43 | 70 | 78 | 93 | 115 | 110 |
| Trade Receivables | 11 | 12 | 14 | 16 | 13 | 15 | 12 | 21 | 36 | 26 |
Cash Equivalents  ⓘ
| 6 | 17 | 17 | 20 | 24 | 22 | 11 | 18 | 59 | 141 |
| Others Assetsⓘ | 10 | 10 | 12 | 18 | 16 | 13 | 14 | 7 | 20 | 29 |
| Total Assets ⓘ | 139 | 151 | 160 | 160 | 164 | 189 | 203 | 227 | 334 | 461 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 37 | 28 | -2 | 15 | 16 | -10 | 23 | 0 | 63 | 108 |
| PBT ⓘ | 35 | 33 | 0 | 4 | 7 | 8 | 20 | 11 | 102 | 112 |
| Adjustment ⓘ | 12 | 9 | 9 | 11 | 8 | 12 | 12 | 12 | 19 | 14 |
| Changes in Working Capital ⓘ | -4 | -5 | -11 | 2 | 3 | -27 | -4 | -20 | -31 | 10 |
| Tax Paid ⓘ | -6 | -9 | 0 | -2 | -2 | -3 | -5 | -3 | -27 | -28 |
| Cash Flow From Investing Activity ⓘ | -2 | -6 | -1 | -7 | -6 | -5 | -17 | -8 | -16 | -54 |
| Capex | -2 | -6 | -2 | -8 | -13 | -7 | -3 | -9 | -28 | -61 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | -15 | 1 | 12 | -1 |
| Others ⓘ | 0 | 0 | 1 | 0 | 7 | 1 | 1 | 0 | 1 | 8 |
| Cash Flow From Financing Activityⓘ | -37 | -10 | -5 | -5 | -2 | -9 | -8 | -5 | -5 | 13 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 4 | -1 | -1 | 4 | 8 | 35 |
| Interest Paid ⓘ | -5 | -3 | -5 | -5 | -4 | -6 | -3 | -3 | -9 | -9 |
| Dividend Paid ⓘ | -3 | -3 | 0 | 0 | -2 | -2 | -1 | -3 | -1 | -7 |
| Others ⓘ | -29 | -4 | 0 | 0 | 0 | 0 | -3 | -3 | -4 | -5 |
| Net Cash Flow ⓘ | -2 | 11 | -8 | 2 | 8 | -24 | -2 | -13 | 42 | 67 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 44.34 | 28.78 | 2.01 | 1.07 | 6.57 | 5.5 | 14.9 | 6.83 | 48.71 | 36.13 |
| ROCE (%) | 35.4 | 30.4 | 4.14 | 6.94 | 8.45 | 9.37 | 14.37 | 8.01 | 46.83 | 35.77 |
| Asset Turnover Ratio | 1.96 | 1.86 | 1.26 | 1.76 | 1.77 | 1.55 | 1.25 | 1.35 | 2.34 | 1.74 |
| PAT to CFO Conversion(x) | 1.48 | 1.22 | -1 | 15 | 2.67 | -2 | 1.44 | 0 | 0.84 | 1.29 | Working Capital Days |
| Receivable Days | 14 | 16 | 24 | 20 | 18 | 19 | 20 | 21 | 16 | 16 |
| Inventory Days | 50 | 58 | 89 | 59 | 52 | 76 | 110 | 107 | 58 | 59 |
| Payable Days | 22 | 22 | 32 | 26 | 27 | 28 | 33 | 25 | 18 | 21 |
SKM Egg Products Export (India) established in 1995 is a part of SKM, which was founded by visionary SKM Mailenandhan, who started his career as a humble general store merchant. Today through the sheer commitment and values of excellence SKM has grown from an Individual to institution. SKM embarked on a new journey of excellence by starting SKM Egg Products as a 100% export oriented unit (EOU) .The modern state-of-the-art processing plant uses the best of the technology and commenced the commercial production in July 1997.
The project now employs more than 200 people can process 1.2 million eggs every day and produce a range of albumen powder, yolk powder and whole egg powder for the international market. SKM Egg Products is gearing up for the future with lot more value additions in the products by delivering the best.
SKM egg processing plant´s entire construction and machinery installation confirms to EU / USDA regulations.The plant is approved by EIC-EIA as per the Indian Act 'Export of Egg Products Quality Control, Inspection, and Monitoring Rules 1997 Act, based on EU/USDA Guide lines'.
There are two product lines, one for yolk based products and another for egg albumen. The eggs are processed in a modern, fully automated factory using state-of-the-art equipments. The factory is fully air-conditioned and positive pressure is maintained in sterile zones. A fully automatic CIP system has been employed for cleaning the tanks and pipelines.
The utilities are housed in a separate building to eliminate the possibility of any contaminants in the processing area. The effluent generated are treated and put to use in accordance with the environmental norms to make processing eco-friendly.
The standard range of products developed by SKM R&D find wide applications in health food, baby food, mayonnaise, sauces, soup, meat, fish, pasta, bakery and confectionary industries.
Product range of the company includes:
SKM offers the complete portfolio of spray dried egg ingredients, variety of egg white powders, egg yolk powder (heat stable) and a range of bakery mixes based on whole egg powder.
Achievements/ recognition:
Award:
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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