SKM Egg Products Export (India) Ltd - Stock Valuation and Financial Performance

BSE: 532143 | NSE: SKMEGGPROD | Consumer Food | Small Cap

SKM Egg Products Share Price

213.75 -7.50 -3.39%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on SKM Egg Products

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

SKM Egg Products Export (India) stock performance -

mw4me loader
P/E Ratio (SA):
5.63
Market Cap:
582.6 Cr.
52-wk low:
122.2
52-wk high:
559.4

Is SKM Egg Products Export (India) Ltd an attractive stock to invest in?

1. Is SKM Egg Products Export (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SKM Egg Products Export (India) Ltd is a average quality company.

2. Is SKM Egg Products Export (India) Ltd undervalued or overvalued?

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 Fair zone.

3. Is SKM Egg Products Export (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SKM Egg Products Export (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SKM Egg Products:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SKM Egg Products Export (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.8%19.7%18.7%-2.6%-1.9%9.1%3.9%9.4%4.4%35.6%-
Value Creation
Index
0.10.40.3-1.2-1.1-0.4-0.7-0.3-0.71.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 239271270195282286272246291657716
Sales YoY Gr.-13.4%-0.7%-27.5%44.3%1.5%-4.9%-9.9%18.4%126.1%-
Adj EPS 57.17.7-2.6-2.33.60.74.9229.639.3
YoY Gr.-42.7%8.3%-133.3%NANA-81.2%634.3%-58.9%1367.3%-
BVPS (₹) 17.22633.833.834.135.937.342.844.772.998.4
Adj Net
Profit
13.118.720.2-6.7-69.41.8135.378103
Cash Flow from Ops. 27.336.627.9-214.716.3-10.223-0.163.4-
Debt/CF from Ops. 2.61.11.3-21.532.7-6.42.4-700.31.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%18.4%34.1%126.1%
Adj EPS 22%NA253.7%1367.3%
BVPS17.4%16.4%25%62.9%
Share Price 41.7% 32.9% 64.1% 69.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
31.432.925.7-7.6-6.710.21.812.34.650.445.9
Op. Profit
Mgn %
12.413.513-2.6-1.63.30.112.810.322.521.8
Net Profit
Mgn %
5.56.97.5-3.4-2.13.30.75.31.811.914.5
Debt to
Equity
1.60.60.40.50.50.50.70.50.70.5-
Working Cap
Days
80818713398931141501418169
Cash Conv.
Cycle
404957905650751071116137

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 45.90%

Sales growth is growing at healthy rate in last 3 years 34.12%

Net Profit is growing at healthy rate in last 3 years 253.67%

Debt to equity has declined versus last 3 years average to 0.45

Sales growth is good in last 4 quarters at 48.01%

No data to display

Latest Financials - SKM Egg Products Export (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 39.3 39.9
TTM Sales (₹ Cr.) 716 726
BVPS (₹.) 98.4 100
Reserves (₹ Cr.) 233 237
P/BV 2.25 2.21
PE 5.63 5.54
From the Market
52 Week Low / High (₹) 122.20 / 559.40
All Time Low / High (₹) 1.10 / 559.40
Market Cap (₹ Cr.) 583
Equity (₹ Cr.) 26.3
Face Value (₹) 10
Industry PE 64.9

Management X-Ray of SKM Egg Products:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SKM Egg Products

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales239271270195282286272246291657
Operating Expenses 219235236201286282272214261513
Manufacturing Costs27323221242730243161
Material Costs159177176156234218205162198388
Employee Cost 9141613121416161725
Other Costs 23111110172220121540
Operating Profit 213634-5-4503130144
Operating Profit Margin (%) 8.6%13.4%12.6%-2.6%-1.6%1.6%0.1%12.7%10.3%21.9%
Other Income 101714222013211391
Interest 8535546449
Depreciation 13131212667212434
Exceptional Items 0000000000
Profit Before Tax 10353304782011102
Tax 31010-13134327
Profit After Tax 72523216516875
PAT Margin (%) 2.8%9.3%8.4%0.9%0.3%2.1%1.9%6.4%2.7%11.5%
Adjusted EPS (₹)2.69.68.60.70.42.32.06.03.028.7
Dividend Payout Ratio (%)0%10%12%0%137%22%25%17%17%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 45688989909598113118192
Share Capital 26262626262626262626
Reserves 194263636368728691166
Minority Interest0000000000
Debt62413643444364547785
Long Term Debt345100431413
Short Term Debt28363543443962537371
Trade Payables11111117161615141325
Others Liabilities 20181611101111222032
Total Liabilities 139139151160160164189203227334

Fixed Assets

Gross Block129131135135144149158171181197
Accumulated Depreciation56636874808693101111121
Net Fixed Assets73676661646265697075
CWIP 00131532124
Investments 111111117175
Inventories314343523943707893115
Trade Receivables10111214161315122136
Cash Equivalents 861717202422111859
Others Assets1510101218161314720
Total Assets 139139151160160164189203227334

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 273728-21516-1023063
PBT 10353304782011102
Adjustment 17129911812121219
Changes in Working Capital 1-4-5-1123-27-4-20-31
Tax Paid 0-6-90-2-2-3-5-3-27
Cash Flow From Investing Activity 8-2-6-1-7-6-5-17-8-16
Capex 9-2-6-2-8-13-7-3-9-28
Net Investments 0000000-15112
Others -1001071101
Cash Flow From Financing Activity -31-37-10-5-5-2-9-8-5-5
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000004-1-148
Interest Paid -8-5-3-5-5-4-6-3-3-9
Dividend Paid 0-3-300-2-2-1-3-1
Others -23-29-40000-3-3-4
Net Cash Flow 4-211-828-24-2-1342
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.344.3428.782.011.076.575.514.96.8348.71
ROCE (%)15.1135.430.44.146.948.459.3714.378.0146.83
Asset Turnover Ratio1.711.961.861.261.761.771.551.251.352.34
PAT to CFO Conversion(x)3.861.481.22-1152.67-21.4400.84
Working Capital Days
Receivable Days10141624201819202116
Inventory Days4750588959527611010758
Payable Days23222232262728332518

SKM Egg Products Export (India) Ltd Stock News

SKM Egg Products Export (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SKM Egg Products on 28-Mar-2024 16:01 is ₹213.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of SKM Egg Products stood at ₹582.5.
The latest P/E ratio of SKM Egg Products as of 28-Mar-2024 16:01 is 5.63.
The latest P/B ratio of SKM Egg Products as of 28-Mar-2024 16:01 is 2.25.
The 52-week high of SKM Egg Products is ₹559.4 and the 52-week low is ₹122.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SKM Egg Products is ₹716.0 ( Cr.) .

About SKM Egg Products Export (India) Ltd

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.

  • Egg yolk powder
  • Egg albumen powder
  • Whole egg powder
  • Bakery Mix.

Achievements/ recognition:

  • SO 9001:2000
  • HACCP Certification

Award:

  • SKM is the leading exporter from India and in recognition of their performance the APEDA [Govt. of India] is awarding them the silver trophy year after year. They have also been recognised by other Government bodies for their achievement in various fields.

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