Fundamental Analysis of SKM Egg Products Export (India) Ltd

Share Price and Basic Stock Data

Last Updated: September 6, 2024, 11:06 pm

Market Cap	679 Cr.
Current Price	258
High / Low	531/214
Stock P/E	10.9
Book Value	105
Dividend Yield	0.97 %
ROCE	35.4 %
ROE	35.9 %
Face Value	10.0
PEG Ratio	0.14

Data Source: screener.in

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

Competitors of SKM Egg Products Export (India) Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Goldcoin Health Foods Ltd	2.07 Cr.	6.89	9.35/5.51		3.80	0.00 %	18.4 %	24.2 %	10.0
Galaxy Cloud Kitchens Ltd	144 Cr.	32.1	51.3/11.3		4.77	0.00 %	%	%	10.0
Foods & Inns Ltd	1,037 Cr.	142	222/126	35.2	70.2	0.21 %	15.1 %	11.3 %	1.00
Flex Foods Ltd	176 Cr.	142	164/95.6		60.4	0.35 %	5.33 %	29.2 %	10.0
Eco Friendly Food Processing Park Ltd	216 Cr.	8.71	10.6/8.71	1,798	1.77	0.00 %	0.26 %	0.27 %	1.00
Industry Average	17,580.08	N/A		124.08	N/A	N/A	19.18	19.05	N/A

Quarterly Result

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	61	83	65	77	78	133	160	182	187	210	176	153	162
Expenses	55	76	63	73	74	118	139	136	143	160	134	133	152
Operating Profit	7	6	1	4	4	14	21	46	43	50	41	20	11
OPM %	11%	8%	2%	5%	6%	11%	13%	25%	23%	24%	23%	13%	6%
Other Income	2	1	3	3	1	-1	0	-5	3	2	1	1	9
Interest	2	1	1	1	2	1	3	2	4	2	3	3	3
Depreciation	4	2	3	2	2	2	3	3	3	3	3	3	3
Profit before tax	3	5	1	4	1	9	16	37	40	47	37	15	14
Tax %	-19%	28%	19%	28%	42%	27%	26%	26%	26%	25%	24%	24%	28%
Net Profit	4	4	1	3	0	7	12	27	30	35	28	12	10
EPS in Rs	1.36	1.41	0.22	1.00	0.20	2.59	4.62	10.32	11.28	13.39	10.79	4.45	3.82

Last Updated: July 11, 2024, 9:14 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 24, 2024, 11:47 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	215	263	290	303	232	318	335	313	269	302	662	701
Expenses	191	233	252	265	238	315	322	306	237	272	518	579
Operating Profit	25	30	38	37	-6	3	12	7	32	31	144	123
OPM %	11%	11%	13%	12%	-3%	1%	4%	2%	12%	10%	22%	17%
Other Income	7	1	16	13	23	20	9	21	13	8	1	13
Interest	12	8	5	3	5	5	4	6	4	4	9	10
Depreciation	18	13	13	12	12	13	11	14	21	24	34	12
Profit before tax	1	10	35	35	0	5	6	8	21	10	103	114
Tax %	29%	29%	27%	30%	-567%	72%	20%	38%	21%	28%	26%	25%
Net Profit	1	7	26	25	2	1	5	5	16	7	76	85
EPS in Rs	0.38	2.73	9.67	9.32	0.62	0.47	1.84	1.78	6.19	2.82	28.83	32.44
Dividend Payout %	0%	0%	10%	11%	0%	105%	27%	28%	16%	35%	2%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	600.00%	271.43%	-3.85%	-92.00%	-50.00%	400.00%	0.00%	220.00%	-56.25%	985.71%	11.84%
Change in YoY Net Profit Growth (%)	0.00%	-328.57%	-275.27%	-88.15%	42.00%	450.00%	-400.00%	220.00%	-276.25%	1041.96%	-973.87%

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	16%
3 Years:	38%
TTM:	6%

Compounded Profit Growth
10 Years:	26%
5 Years:	78%
3 Years:	74%
TTM:	13%

Stock Price CAGR
10 Years:	35%
5 Years:	53%
3 Years:	43%
1 Year:	16%

Return on Equity
10 Years:	22%
5 Years:	26%
3 Years:	33%
Last Year:	36%

Last Updated: July 17, 2024, 5:09 pm

Balance Sheet

Last Updated: July 10, 2024, 9:59 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	26	26	26	26	26	26	26	26	26	26	26	26
Reserves	13	20	42	64	65	66	70	73	88	94	168	251
Borrowings	88	73	42	36	44	44	45	68	56	79	88	146
Other Liabilities	33	31	40	43	37	45	41	36	39	33	56	46
Total Liabilities	160	149	151	169	172	181	183	204	210	233	339	469
Fixed Assets	89	73	67	66	61	64	62	65	69	70	75	114
CWIP	0	-0	0	1	3	2	5	3	2	1	24	34
Investments	-0	1	1	1	1	1	1	0	16	16	4	8
Other Assets	71	75	82	100	107	114	115	137	122	145	236	313
Total Assets	160	149	151	169	172	181	183	204	210	233	339	469

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	11	27	37	30	-4	17	14	-12	26	2	60	109
Cash from Investing Activity	-11	8	-2	-6	-1	-7	-6	-5	-17	-8	-16	-54
Cash from Financing Activity	0	-31	-37	-10	-5	-5	-1	-9	-10	-5	-5	13
Net Cash Flow	0	3	-2	13	-10	4	7	-26	-1	-11	39	68

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-63.00	-43.00	-4.00	1.00	-50.00	-41.00	-33.00	-61.00	-24.00	-48.00	56.00	-23.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	17	21	21	20	31	31	28	28	22	31	21	15
Inventory Days	101	73	90	95	112	65	67	114	158	163	111	99
Days Payable	54	35	39	40	49	47	43	39	35	26	23	21
Cash Conversion Cycle	64	59	72	76	95	49	52	103	145	168	109	94
Working Capital Days	52	44	57	55	91	63	59	97	112	122	74	67
ROCE %	10%	16%	35%	33%	4%	7%	7%	9%	14%	7%	46%	35%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	55.30%	55.44%	55.44%	55.44%	55.56%	55.56%	55.56%	55.56%	55.18%	55.11%	55.11%	55.11%
FIIs	0.02%	0.00%	0.11%	0.00%	0.19%	0.18%	0.58%	0.37%	2.78%	2.40%	2.21%	0.77%
DIIs	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.31%	0.00%	0.00%
Public	44.67%	44.56%	44.45%	44.56%	44.26%	44.27%	43.85%	44.08%	42.03%	42.17%	42.69%	44.13%
No. of Shareholders	20,284	20,983	21,017	20,624	18,748	16,664	16,991	19,079	28,768	33,216	37,474	39,596

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	32.44	28.84	2.82	6.19	1.78
Diluted EPS (Rs.)	32.44	28.84	2.82	6.19	1.78
Cash EPS (Rs.)	36.19	41.58	12.12	13.93	7.43
Book Value[Excl.RevalReserv]/Share (Rs.)	105.19	74.18	45.79	43.72	38.00
Book Value[Incl.RevalReserv]/Share (Rs.)	105.19	74.18	45.79	43.72	38.00
Revenue From Operations / Share (Rs.)	266.29	251.34	114.88	102.20	118.88
PBDIT / Share (Rs.)	50.95	55.23	14.69	17.04	10.84
PBIT / Share (Rs.)	46.58	42.46	5.50	9.19	5.46
PBT / Share (Rs.)	42.66	38.89	4.04	7.72	3.13
Net Profit / Share (Rs.)	31.82	28.81	2.93	6.07	2.05
NP After MI And SOA / Share (Rs.)	32.45	28.84	2.82	6.19	1.78
PBDIT Margin (%)	19.13	21.97	12.79	16.67	9.11
PBIT Margin (%)	17.49	16.89	4.78	8.99	4.59
PBT Margin (%)	16.01	15.47	3.51	7.55	2.63
Net Profit Margin (%)	11.94	11.46	2.54	5.94	1.72
NP After MI And SOA Margin (%)	12.18	11.47	2.45	6.06	1.49
Return on Networth / Equity (%)	30.84	39.00	6.18	14.23	4.71
Return on Capital Employeed (%)	36.07	49.81	10.66	18.66	12.89
Return On Assets (%)	18.20	22.40	3.18	7.78	2.30
Long Term Debt / Equity (X)	0.19	0.07	0.03	0.01	0.04
Total Debt / Equity (X)	0.52	0.45	0.66	0.47	0.67
Asset Turnover Ratio (%)	1.74	2.32	1.33	1.21	1.47
Current Ratio (X)	2.41	2.07	1.64	1.69	1.45
Quick Ratio (X)	1.53	1.04	0.67	0.69	0.64
Inventory Turnover Ratio (X)	3.60	3.27	2.40	2.15	3.24
Dividend Payout Ratio (NP) (%)	0.00	1.73	35.49	8.07	28.04
Dividend Payout Ratio (CP) (%)	0.00	1.20	8.32	3.55	6.98
Earning Retention Ratio (%)	0.00	98.27	64.51	91.93	71.96
Cash Earning Retention Ratio (%)	0.00	98.80	91.68	96.45	93.02
Interest Coverage Ratio (X)	13.00	15.45	10.08	11.63	4.66
Interest Coverage Ratio (Post Tax) (X)	9.12	9.06	3.01	5.14	1.88
Enterprise Value (Cr.)	572.60	371.72	221.71	167.44	126.93
EV / Net Operating Revenue (X)	0.81	0.56	0.73	0.62	0.40
EV / EBITDA (X)	4.27	2.56	5.73	3.73	4.45
MarketCap / Net Operating Revenue (X)	0.80	0.51	0.53	0.45	0.25
Retention Ratios (%)	0.00	98.26	64.50	91.92	71.95
Price / BV (X)	2.05	1.76	1.35	1.08	0.81
Price / Net Operating Revenue (X)	0.80	0.51	0.53	0.45	0.25
EarningsYield	0.15	0.22	0.04	0.13	0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹414.86

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 60.80% compared to the current price ₹258.00

Intrinsic Value: 741.37

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 187.35% compared to the current price ₹258.00

Last 5 Year EPS CAGR: 78.70%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 18.58%, which is a positive sign. The company has higher reserves (84.50 cr) compared to borrowings (67.42 cr), indicating strong financial stability. The company has shown consistent growth in sales (350.25 cr) and profit (29.00 cr) over the years.	The stock has a high average Working Capital Days of 74.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 90.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SKM Egg Products Export (India) Ltd:
1. Net Profit Margin: 11.94%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 36.07% (Industry Average ROCE: 19.18%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 30.84% (Industry Average ROE: 19.05%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 9.12
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.53
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.9 (Industry average Stock P/E: 124.08)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.52
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the latest fair value of SKM Egg Products Export (India) Ltd?

The latest fair value of SKM Egg Products Export (India) Ltd is ₹414.86.

What is the Market Cap of SKM Egg Products Export (India) Ltd?

The Market Cap of SKM Egg Products Export (India) Ltd is 679 Cr..

What is the current Stock Price of SKM Egg Products Export (India) Ltd as on 07 September 2024?

The current stock price of SKM Egg Products Export (India) Ltd as on 07 September 2024 is 258.

What is the High / Low of SKM Egg Products Export (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of SKM Egg Products Export (India) Ltd stocks is 531/214.