The shares of an FMCG company, specializing in the production and export of fish meal, fish oil, and fish soluble paste, jumped upto 3 percent following the acquisition of a 51 percent stake in GSM Marine Export.
Price action
With a market capitalization of Rs. 1,007.70 Crores on Tuesday, the shares of Mukka Proteins Limited jumped upto 2.3 percent, making a high of Rs. 33.90 compared to its previous closing price of Rs. 33.11.
What Happened
Mukka Proteins Limited, engaged in the production and export of fish meal, fish oil, and fish soluble paste, has completed the acquisition of a 51 percent stake in GSM Marine Export, a partnership firm engaged in manufacturing fish meal and fish oil, through a capital contribution of up to Rs. 14 crore.
The acquisition, finalized on April 21, 2025, is part of the company’s strategic expansion in its core business. GSM Marine Export, incorporated on March 24, 2021, reported a turnover of Rs. 32.35 crore and a PAT of Rs. 7.68 lakh for FY 2023–24.
About the Company
Mukka Proteins Limited is a leading Indian company in the animal protein industry. It specializes in the production of fish meal, fish oil, and fish soluble paste, widely used in aquaculture and animal feed. The company is also innovating in sustainable protein sources, including Black Soldier Fly (BSF) insect meal.
Global Presence
The company exports its products to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.
Key Insights
The company’s P/E ratio of 16.64 is below the industry average of 36.83. It has a strong average ROE of 21.98 percent over the last 3 years, and the promoters hold over 65 percent of the shares.
Financials
The company’s revenue declined by 40.9 percent, from Rs. 523.17 crore to Rs. 308.95 crore in Q3FY24-25. Meanwhile, the net profit rose from Rs. 10.47 crore to Rs. 26.26 crore during the same period.
Written by Sridhar J
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