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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SKM Egg Products Export (India) Ltd

About the Company - SKM Egg Products Export (India) Ltd

SKM Egg Products Export (India) Ltd. is a Public Limited Listed company incorporated on 06/04/1995 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L01222TZ1995PLC006025 and registration number is 006025. Currently Company is involved in the business activities of Other semi-processed, processed or instant foods except farinaceous products and malted foods and manufacturing activities like manufacture of egg powder, sambar powder etc.. Company’s Total Operating Revenue is Rs. 290.68 Cr. and Equity Capital is Rs. 26.33 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/Others133, 133/1, Gandhiji Road, Erode Tamil Nadu 638001shares@skmegg.com
http://www.skmegg.com
Management
NamePosition Held
Mr. S K M MaeilanandhanExecutive Chairman
Mr. S K M Shree ShivkumarManaging Director
Mr. C DevarajanDirector
Mr. T N ThirukumarDirector
Mr. G N JayaramDirector
Mr. D VenkateswaranDirector
Mrs. Shivkumar KumutaavalliDirector
Dr. L M RamakrishnanDirector

SKM Egg Products Export (India) Ltd. Share Price Update

Share PriceValue
Today₹264.25
Previous Day₹267.50

Basic Stock Data of SKM Egg Products Export (India) Ltd

Market Cap 695 Cr.
Current Price 264
High / Low560/122
Stock P/E6.57
Book Value 95.6
Dividend Yield0.98 %
ROCE46.4 %
ROE48.2 %
Face Value 10.0

Data Source: screener.in

Competitors of SKM Egg Products Export (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sarveshwar Foods Ltd 1,228 Cr. 12.613.0/2.0885.0 2.490.00 %8.12 %4.69 % 1.00
LT Foods Ltd 6,577 Cr. 189235/90.011.5 88.00.53 %17.1 %16.8 % 1.00
Prataap Snacks Ltd 2,980 Cr. 1,2481,450/661146 2880.07 %1.15 %3.14 % 5.00
Britannia Industries Ltd 1,18,523 Cr. 4,9215,386/4,15354.9 1181.47 %48.6 %66.6 % 1.00
Umang Dairies Ltd 181 Cr. 82.292.2/49.0 17.30.00 %0.38 %7.20 % 5.00
Industry Average38.2 Cr57.7659.48102.760.41%15.07%19.69%2.6

Vadilal Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales726183657778133160182187210176153
Expenses685576637374118139136143160134133
Operating Profit57614414214643504120
OPM %6%11%8%2%5%6%11%13%25%23%24%23%13%
Other Income321331-10-53211
Interest1211121324233
Depreciation2423222333333
Profit before tax5351419163740473715
Tax %19%-19%28%19%28%42%27%26%26%26%25%24%24%
Net Profit4441307122730352812
EPS in Rs1.461.361.410.221.000.202.594.6210.3211.2813.3910.794.45

SKM Egg Products Export (India) Ltd Quarterly Chart

SKM Egg Products Export (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales142215263290303232318335313269302662754
Expenses136191233252265238315322306237272518574
Operating Profit625303837-631273231144181
OPM %5%11%11%13%12%-3%1%4%2%12%10%22%24%
Other Income-2711613232092113812
Interest1212853554644910
Depreciation9181313121213111421243411
Profit before tax-16110353505682110103161
Tax %33%29%29%27%30%-567%72%20%38%21%28%26%
Net Profit-11172625215516776121
EPS in Rs-4.190.382.739.679.320.620.471.841.786.192.8228.8345.78
Dividend Payout %0%0%0%10%11%0%105%27%28%16%35%2%

SKM Egg Products Export (India) Ltd Profit & Loss Yearly Chart

SKM Egg Products Export (India) Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:16%
3 Years:28%
TTM:31%
Compounded Profit Growth
10 Years:54%
5 Years:127%
3 Years:153%
TTM:126%
Stock Price CAGR
10 Years:44%
5 Years:39%
3 Years:74%
1 Year:61%
Return on Equity
10 Years:18%
5 Years:19%
3 Years:26%
Last Year:48%

SKM Egg Products Export (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26262626262626262626262626
Reserves1213204264656670738894168225
Borrowings928873423644444568567988141
Other Liabilities38333140433745413639335659
Total Liabilities168160149151169172181183204210233339451
Fixed Assets96897367666164626569707585
CWIP000013253212440
Investments001111110161646
Other Assets71717582100107114115137122145236320
Total Assets168160149151169172181183204210233339451

SKM Egg Products Export (India) Ltd Reserves and Borrowings Chart

SKM Egg Products Export (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 611273730-41714-1226260
Cash from Investing Activity -0-118-2-6-1-7-6-5-17-8-16
Cash from Financing Activity -30-31-37-10-5-5-1-9-10-5-5
Net Cash Flow203-213-1047-26-1-1139

SKM Egg Products Export (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days371721212031312828223121
Inventory Days1041017390951126567114158163111
Days Payable1155435394049474339352623
Cash Conversion Cycle2764597276954952103145168109
Working Capital Days45524457559163599711212274
ROCE %-4%10%16%35%33%4%7%7%9%14%7%46%

SKM Egg Products Export (India) Ltd Financial Efficiency Indicators Chart

SKM Egg Products Export (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.09%55.16%55.30%55.44%55.44%55.44%55.56%55.56%55.56%55.56%55.18%55.11%
FIIs0.00%0.00%0.02%0.00%0.11%0.00%0.19%0.18%0.58%0.37%2.78%2.40%
DIIs0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.31%
Public44.90%44.83%44.67%44.56%44.45%44.56%44.26%44.27%43.85%44.08%42.03%42.17%
No. of Shareholders15,66219,03720,28420,98321,01720,62418,74816,66416,99119,07928,76833,216

SKM Egg Products Export (India) Ltd Shareholding Pattern Chart

No. of SKM Egg Products Export (India) Ltd Shareholders

This stock is not held by any mutual fund

SKM Egg Products Export (India) Ltd ROCE Trend

SKM Egg Products Export (India) Ltd EPS Trend

SKM Egg Products Export (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)28.842.826.191.781.85
Diluted EPS (Rs.)28.842.826.191.781.85
Cash EPS (Rs.)41.5812.1213.937.436.35
Book Value[Excl.RevalReserv]/Share (Rs.)74.1845.7943.7238.0036.89
Book Value[Incl.RevalReserv]/Share (Rs.)74.1845.7943.7238.0036.89
Revenue From Operations / Share (Rs.)251.34114.88102.20118.88127.05
PBDIT / Share (Rs.)55.2314.6917.0410.848.46
PBIT / Share (Rs.)42.465.509.195.464.33
PBT / Share (Rs.)38.894.047.723.132.67
Net Profit / Share (Rs.)28.812.936.072.052.22
NP After MI And SOA / Share (Rs.)28.842.826.191.781.85
PBDIT Margin (%)21.9712.7916.679.116.66
PBIT Margin (%)16.894.788.994.593.40
PBT Margin (%)15.473.517.552.632.10
Net Profit Margin (%)11.462.545.941.721.74
NP After MI And SOA Margin (%)11.472.456.061.491.45
Return on Networth / Equity (%)39.006.1814.234.715.04
Return on Capital Employeed (%)49.8110.6618.6612.8910.57
Return On Assets (%)22.403.187.782.302.66
Long Term Debt / Equity (X)0.070.030.010.040.03
Total Debt / Equity (X)0.450.660.470.670.44
Asset Turnover Ratio (%)2.321.331.211.471.66
Current Ratio (X)2.071.641.691.451.50
Quick Ratio (X)1.040.670.690.640.86
Inventory Turnover Ratio (X)3.272.402.153.244.08
Dividend Payout Ratio (NP) (%)1.7335.498.0728.0426.99
Dividend Payout Ratio (CP) (%)1.208.323.556.988.35
Earning Retention Ratio (%)98.2764.5191.9371.9673.01
Cash Earning Retention Ratio (%)98.8091.6896.4593.0291.65
Interest Coverage Ratio (X)15.4510.0811.634.665.10
Interest Coverage Ratio (Post Tax) (X)9.063.015.141.882.34
Enterprise Value (Cr.)371.72221.71167.44126.93151.75
EV / Net Operating Revenue (X)0.560.730.620.400.45
EV / EBITDA (X)2.565.733.734.456.81
MarketCap / Net Operating Revenue (X)0.510.530.450.250.39
Retention Ratios (%)98.2664.5091.9271.9573.00
Price / BV (X)1.761.351.080.811.38
Price / Net Operating Revenue (X)0.510.530.450.250.39
EarningsYield0.220.040.130.050.03

SKM Egg Products Export (India) Ltd Profitability Ratios (%)

SKM Egg Products Export (India) Ltd Liquidity Ratios

SKM Egg Products Export (India) Ltd Liquidity Ratios (%)

SKM Egg Products Export (India) Ltd Interest Coverage Ratios (X)

SKM Egg Products Export (India) Ltd Valuation Ratios

Fair Value / Intrinsic Value of SKM Egg Products Export (India) Ltd

Fair Value: ₹305.71

The stock is undervalued by 15.80% compared to the current price ₹264

*Investments are subject to market risks

Strength and Weakness of SKM Egg Products Export (India) Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.33%, which is a positive sign.
  2. The company has higher reserves (76.92 cr) compared to borrowings (68.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (338.31 cr) and profit (29.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 13.39 and average Dividend Yield of 7.73%.
  2. The stock has a high average Working Capital Days of 72.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 84.92, which may not be favorable.

Should I Buy SKM Egg Products Export (India) Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in SKM Egg Products Export (India) Ltd:
    1. Net Profit Margin: 11.46% (Higher values are generally favorable)
      • 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: 49.81% (Industry Average ROCE: 19.46%)
      • 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. Interest Coverage Ratio (Post Tax): 9.06 (Higher values, preferably > 2, are recommended)
      • 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.
    4. Quick Ratio: 1.04 (Higher values, preferably > 1, are recommended)
      • 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.
    5. ✓ Stock P/E: 6.57 (Industry average Stock P/E: 35.04)
      • 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.
    6. ✓ Total Debt / Equity: 0.45 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SKM Egg Products Export (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE