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Last Updated on: 20 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SKM Egg Products Export (India) Ltd

Basic Stock Data

Last Updated: May 19, 2024, 7:28 pm

Market Cap 735 Cr.
Current Price 279
High / Low560/158
Stock P/E7.00
Book Value 95.6
Dividend Yield0.90 %
ROCE46.4 %
ROE48.2 %
Face Value 10.0
PEG Ratio0.08

Data Source: screener.in

Competitors of SKM Egg Products Export (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tasty Bite Eatables Ltd 2,746 Cr. 10,70319,867/10,45066.2 1,1170.02 %16.7 %15.7 % 10.0
Anjani Foods Ltd 88.8 Cr. 31.843.8/21.466.8 5.000.00 %11.3 %9.00 % 2.00
Chordia Food Products Ltd 37.0 Cr. 92.0115/59.658.8 35.40.00 %2.47 %1.27 % 10.0
Prataap Snacks Ltd 2,056 Cr. 8611,450/752101 2880.12 %1.15 %3.14 % 5.00
Parag Milk Foods Ltd 2,562 Cr. 215290/98.428.3 76.40.00 %11.0 %10.6 % 10.0
Industry Average1,497.96 Cr2,380.5664.22304.360.03%8.52%7.94%7.40

Quarterly Result

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

Last Updated: May 11, 2024, 2:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 26, 2024, 2:33 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales142215263290303232318335313269302662726
Expenses136191233252265238315322306237272518570
Operating Profit625303837-631273231144155
OPM %5%11%11%13%12%-3%1%4%2%12%10%22%21%
Other Income-2711613232092113817
Interest1212853554644912
Depreciation9181313121213111421243411
Profit before tax-16110353505682110103140
Tax %33%29%29%27%30%-567%72%20%38%21%28%26%
Net Profit-11172625215516776105
EPS in Rs-4.190.382.739.679.320.620.471.841.786.192.8228.8339.91
Dividend Payout %0%0%0%10%11%0%105%27%28%16%35%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)109.09%600.00%271.43%-3.85%-92.00%-50.00%400.00%0.00%220.00%-56.25%985.71%
Change in YoY Net Profit Growth (%)0.00%490.91%-328.57%-275.27%-88.15%42.00%450.00%-400.00%220.00%-276.25%1041.96%

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:35%
5 Years:44%
3 Years:63%
1 Year:72%
Return on Equity
10 Years:18%
5 Years:19%
3 Years:26%
Last Year:48%

Last Updated: May 18, 2024, 9:06 am

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

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

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-86.00-63.00-43.00-4.001.00-50.00-41.00-33.00-61.00-24.00-48.0056.00

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

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters55.16%55.30%55.44%55.44%55.44%55.56%55.56%55.56%55.56%55.18%55.11%55.11%
FIIs0.00%0.02%0.00%0.11%0.00%0.19%0.18%0.58%0.37%2.78%2.40%2.21%
DIIs0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.31%0.00%
Public44.83%44.67%44.56%44.45%44.56%44.26%44.27%43.85%44.08%42.03%42.17%42.69%
No. of Shareholders19,03720,28420,98321,01720,62418,74816,66416,99119,07928,76833,21637,474

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹325.46

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: 16.65% compared to the current price ₹279

Intrinsic Value: ₹606.21

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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 117.28% compared to the current price ₹279

Last 5 Year EPS CAGR: 86.27%

*Investments are subject to market risks

Strength and Weakness

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 (336.15 cr) and profit (27.54 cr) over the years.
  1. The stock has a high average Working Capital Days of 72.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 84.92, 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: 11.46%
      • 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: 12.36%)
      • 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%: 39.00% (Industry Average ROE: 12.54%)
      • 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): 9.06
      • 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: 1.04
      • 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: 7.00 (Industry average Stock P/E: 39.63)
      • 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: 0.45
      • 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

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₹279.95
Previous Day₹273.75

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 ₹325.46.

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

The Market Cap of SKM Egg Products Export (India) Ltd is 735 Cr..

What is the current Stock Price of SKM Egg Products Export (India) Ltd as on 19 May 2024?

The current stock price of SKM Egg Products Export (India) Ltd as on 19 May 2024 is 279.

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 ₹560/158.

What is the Stock P/E of SKM Egg Products Export (India) Ltd?

The Stock P/E of SKM Egg Products Export (India) Ltd is 7.00.

What is the Book Value of SKM Egg Products Export (India) Ltd?

The Book Value of SKM Egg Products Export (India) Ltd is 95.6.

What is the Dividend Yield of SKM Egg Products Export (India) Ltd?

The Dividend Yield of SKM Egg Products Export (India) Ltd is 0.90 %.

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

The ROCE of SKM Egg Products Export (India) Ltd is 46.4 %.

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

The ROE of SKM Egg Products Export (India) Ltd is 48.2 %.

What is the Face Value of SKM Egg Products Export (India) Ltd?

The Face Value of SKM Egg Products Export (India) Ltd is 10.0.

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