February 29, 2024 - March 4, 2024

Mukka Proteins IPO Review & Recommendations

BP Equities (BP Wealth) and Dilip Davda have given "Apply" recommendation to Mukka Proteins IPO. Capital Market has "Neutral" view about the IPO.

Mukka Proteins IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	2	0	1	0	0
%	66.67	0.00	33.33	0.00	0.00

Mukka Proteins IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Dilip Davda	Apply

Mukka Proteins IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Mukka Proteins IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	43	Avoid, however active risk seekers can try

Mukka Proteins IPO Review by Dilip Davda (Apply)

[Dilip Davda] MPL is a numero uno company in fish meals, fish oils and related allied products with 25-30% market share domestically. It also has good demand in global markets. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears reasonably priced. The company may attract first mover fancy post listing. Investor (who have no reservation for the segments) may lap it up for the medium to long term rewards. Read detail review...

Mukka Proteins IPO Peer Comparison

Mukka Proteins Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Mukka Proteins Limited	2.00	2.00	5.86		34.19
Avanti Feeds Ltd.	20.45	20.45	174.45	25.00	13.14	2.94	Consolidated
Godrej Agrovet Ltd	15.71	15.71	142.78	33.23	10.77	3.58	Consolidated
Zeal Aqua Ltd	0.56	0.56	5.61	20.63	9.97	2.14	Consolidated
Waterbase Ltd.	-0.84	-0.84	44.10		-1.90	1.89	Consolidated

Notes:

Considering the nature and size of the business of the Company the peers are not strictly comparable. However, above company is included for broad comparison.
The figures for Mukka Proteins Limited are based on the restated financial information for the year ended March 31, 2023.
The figures for the peer group are for the year ended March 31, 2023 and are based on their respective financial statements filed with BSE Ltd and NSE Ltd.
NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves, if any) and as attributable to the owners of the Company.
P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on February 23, 2024 sourced from the website of Stock Exchanges as divided by the Basic/diluted EPS as applicable.
RoNW is computed as net profit after tax (excluding comprehensive income), as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.

Mukka Proteins IPO Review by Members

Mukka Proteins IPO Reviews, analysis and views by popular members. Read Mukka Proteins Limited IPO reviews by retail investors to find recommended ipo to buy.

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Mukka Proteins IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	3
%	25.00	0.00	0.00	75.00

Member	Review
LyricsSage	Avoid Business Factor March 4, 2024 11:28:35 AM
Redhu Jind Top Contributor (400+ Posts, 100+ Likes)	Avoid big avoid March 3, 2024 2:40:20 PM
WISE IPO INVESTOR	Apply for Long Term at Upper Price Band High Profit Making Company March 2, 2024 10:13:03 AM
AshylovestoTrade	Avoid Overleveraged, ED involvement of directors 2 December 18, 2023 12:23:53 PM

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