1. MISHTANN FOODS LIMITED
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MISHTANN FOODS LIMITED Share Price

MISHTANN

₹19.66+₹0.62 (3.26%) Past Year
₹18.52₹19.75
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Company overview

About

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Market cap

Market Cap Switch₹2,089 Cr

Open

₹18.71

Close

₹19.04

Circuit range

₹22.84 - ₹15.24

Day range

₹18.52 - ₹19.75

Year range

₹7.05 - ₹26.36

Volume

47,05,470

Avg. traded

₹19.25

Revenue (12m)

₹1,112 Cr

MISHTANN FOODS LIMITED

Mishtann Foods Limited is an agro-product company founded in 1981. It is a public limited company based in Ahmedabad which primarily focuses on agricultural business.

Mishtann Foods is involved in the manufacturing, processing and trading of various food grains including rice and wheat. It also provides agri-commodities such as basmati rice, wheat, dal and rock salt.

Mishtann Foods was incorporated in 1981 as HICS Cements Limited. The company decided to establish a 40-tonne per day (TPD) cement unit in 1991, facing delays due to power unavailability and was anticipated to commence operations in October 1995. HICS Cements started the construction of two plants in Gujarat with individual capacities of 200 TPD and 260 TPD.

The new facilities were projected to begin commercial production by February 1996 with HICS Cements planning to export 25% of its output. The company underwent a significant transformation, changing its name from HICS Cements Limited to Mishtann Foods Limited in February 2015. Following this, the company shifted its primary focus from manufacturing cement to the trading and processing of food items.

The market capitalisation of Mishtann Foods Limited is ₹929 crore as of January 12, 2024. Mishtann Foods share price has gained nearly 500% in the last three years.

Business operations

Mishtann Foods has established a significant presence across India, extending its reach to retailers in 10 states. The company's distribution network includes super stockists.

The company maintains relationships with farmers, mandis and agents for sourcing its grains. The procurement process follows a 'cash and carry' model, with approximately 80-85% of the financing secured at a concessional rate from banks.

It operates a modern, fully automated processing plant with a capacity of 45 MT/hour in Himatnagar, Gujarat. In terms of packaging, Mishtann Foods Limited has an integrated facility offering products in varying quantities of 30 kg, 40 kg and 50 kg. It also provides flexible and customised packaging based on specific orders.

For the distribution of its products, the company has agreements with more than 15 super stockists. Mishtann Foods has a significant presence in the hotels, restaurants and cafes segment. The company undertakes various marketing initiatives including Out-of-Home (OOH) campaign hoardings, active engagement on social media and participation in global events like the GulFood Exhibition in Dubai, the world's largest annual food and beverage trade show.

During FY23, Mishtann Foods introduced rock salt and crystal salt under its brand across all markets in the edible common salt segment. The company aims to expand its global footprint by establishing wholly-owned subsidiaries in renowned economic zones such as the United Arab Emirates, Singapore and US.

Financial highlights

– Mishtann Foods’ revenue from operations for FY23 stood at ₹650.43 crore, up by 30.5% compared to ₹498.58 crore in FY22. – The net profit after tax for FY23 was ₹49.92 crore compared to ₹31.41 crore during the previous year. – In FY23, the earnings before interest and tax (EBIT) increased to ₹82.60 crore from the previous year's ₹52.01 crore. – The company's earnings per share (EPS) stood at ₹0.50 in FY23 compared to ₹0.63 in the previous financial year.

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MISHTANN FOODS LIMITED Key indicators

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52 week high

₹26.36

52 week low

₹7.05

P/E ratio

7.51

P/B ratio

ROE

39.72%

ROCE

46.44%

Dividend yield

0.01%

Debt/Equity ratio

0.4

EPS

0.5

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Investment checklist: (4/6)

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Profit factor

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Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

12.54%

Net profit margin

7.58%

ROE

39.72%

ROA

23.86%

ROCE

46.44%

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MISHTANN FOODS LIMITED Shareholder returns

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1 day

+3.26%

1 week

-3.30%

1 month

+4.08%

3 months

+7.31%

1 year

+162.48%

3 years

+715.77%

5 years

-37.69%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

MISHTANN FOODS LIMITED Share Price history

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DayOpenCloseDay’s change
Tue, Apr 16 2024
₹18.71
₹19.66
+4.83%
Mon, Apr 15 2024
₹17.55
₹19.04
+7.83%
Fri, Apr 12 2024
₹20.00
₹19.65
-1.78%
Wed, Apr 10 2024
₹20.28
₹20.11
-0.85%
Tue, Apr 9 2024
₹20.16
₹20.29
+0.64%
Mon, Apr 8 2024
₹20.76
₹20.33
-2.12%
Fri, Apr 5 2024
₹20.83
₹20.53
-1.46%
Thu, Apr 4 2024
₹21.33
₹20.83
-2.40%

Shareholding info

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Promoters (48.38%)

Mutual Funds (0%)

Retail and other (46.6%)

Foreign institutions-FII (5.02%)

Other domestic institutions (0%)

Promoters

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Events

Corporate actions

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  • Rights Issue • 1:31

    Ex date 20 Mar 2024

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  • Dividend • ₹0.001/share

    Ex date 22 Sep 2023

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  • Dividend • ₹0.001/share

    Ex date 22 Sep 2022

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  • Bonus • 1:1

    Ex date 02 Jun 2022

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  • Dividend • ₹0.002/share

    Ex date 24 Feb 2022

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  • Dividend • ₹0.002/share

    Ex date 21 Oct 2021

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  • Rights Issue • 0:0

    Ex date

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Frequently asked questions