Mukka Proteins: The Good and The Bad

About the company

Mukka Proteins is a manufacturer and supplier of fish protein products used for manufacturing aqua feed, poultry feed, pet food, pharmaceutical products, etc.

IPO details

Post IPO

Financial history

Key ratios

The Good

High market share. It has a market share of around 25-30 per cent in the Indian fish meal and fish oil industry (CRISIL report).

The Good

Strong client relationship. As of September 30, 2023, it has generated more than 50 per cent of its revenue from clients associated with the company for over five years.

The Bad

Stringent regulations. It is subject to various regulations regarding environmental concerns. It has high working capital requirements.

Risk report

Is the company's net debt-to-equity ratio less than one? No. Its net debt-to-equity stood at 1.5 times as of September 30, 2023.

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