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Mukka Proteins Limited (MUKKA) AI Stock Analysis

IN:MUKKA

Mukka Proteins Limited

(NSE:MUKKA)

Select Model
Rating:59.6Neutral
Price Target:INR 26.00â–²(5.69% Upside)
Action:reiterated
Date:09/06/26

The overall score is constrained primarily by financial risks: while Mukka Proteins is growing rapidly and remains profitable, margin pressure, heavy reliance on debt, and persistently negative operating and free cash flows materially weaken its quality profile. Technicals are supportive, with a strong uptrend and positive momentum, but stretched indicators raise near-term volatility and correction risk. Valuation at a mid-teens P/E without a disclosed dividend is neither clearly cheap nor expensive, leaving the risk-reward balance in a cautiously neutral zone.

Positive Factors
Strong Revenue GrowthThe sharp 2026 revenue rebound and broader expansion across the cycle indicate meaningful demand for Mukka’s marine protein products. Sustained top-line growth can improve operating scale, strengthen customer reach, and support reinvestment across its feed-ingredient platform over the next several quarters.
Negative Factors
Persistent Negative Cash FlowRepeatedly negative operating and free cash flow indicate that reported profits are not converting into internally generated funding. This weakens earnings quality and may require Mukka to depend on additional borrowing or equity to finance expansion, limiting financial flexibility through the next several quarters.

Mukka Proteins Limited (MUKKA) vs. iShares MSCI India ETF (INDA)

-30%-20%-10%0%10%20%30%IN:MUKKA-1.56%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 7.31B
Dividend Yield
―
Average Volume (3M)
81.61K
Price to Earnings (P/E)
10.5
Beta (1Y)
0.90
Revenue Growth
76.01%
EPS Growth
59.13%
Country
India
Employees
358
Sector
General
Sector Strength
55
Industry
Packaged Foods

Mukka Proteins Limited Business Overview & Revenue Model

Company Description

Mukka Proteins Limited, based in Mangaluru, India, operates as a prominent manufacturer and supplier of protein products, extending its reach both domestically and internationally. The company specializes in a variety of fish-derived offerings, inclu...

How the Company Makes Money

Mukka Proteins makes money mainly by selling marine protein and lipid ingredients produced from processing fish and fish by-products. Its core revenue stream is the sale of fish meal (a high-protein ingredient used as an input in aquaculture and othe...

Mukka Proteins Limited Financial Statement Overview

Summary

Strong revenue and net income growth are offset by recent margin compression, rising leverage, and persistently weak operating and free cash flows, resulting in a mid-range financial strength score.

Income Statement

72Positive

Balance Sheet

63Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue17.70B14.49B10.06B13.80B11.56B7.66B
Gross Profit3.02B2.23B2.32B1.69B1.34B799.87M
EBITDA1.71B1.45B948.84M1.22B962.04M550.04M
Net Income691.27M520.58M464.59M700.52M440.75M242.08M
Balance Sheet
Total Assets016.21B10.76B9.41B5.75B3.92B
Cash, Cash Equivalents and Short-Term Investments604.29M604.29M30.75M944.38M265.48M180.42M
Total Debt07.79B4.53B3.65B2.62B1.75B
Total Liabilities-5.29B10.92B6.20B5.32B4.19B2.97B
Stockholders Equity5.29B4.99B4.41B3.96B1.34B898.23M
Cash Flow
Free Cash Flow0-2.97B-1.36B-1.68B-737.46M-63.29M
Operating Cash Flow0-1.59B-1.12B-1.50B-563.28M48.08M
Investing Cash Flow0-1.46B-349.86M-475.94M-33.25M-122.84M
Financing Cash Flow03.15B555.53M2.66B746.65M158.58M

Mukka Proteins Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price24.60

Price Trends

50DMA27.15Negative
100DMA25.43Negative
200DMA24.13Positive

Market Momentum

MACD-0.74Positive
RSI40.34Neutral
STOCH17.51Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUKKA, the sentiment is Negative. The current price of 24.60 is below the 20-day moving average (MA) of 26.19, below the 50-day MA of 27.15, and above the 200-day MA of 24.13, indicating a neutral trend. The MACD of -0.74 indicates Positive momentum. The RSI at 40.34 is Neutral, neither overbought nor oversold. The STOCH value of 17.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MUKKA.

Mukka Proteins Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:MUKKA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:HATSUNIN:HATSUN75OutperformINR 221.90B61.70―1.00%17.90%9.78%
IN:PARAGMILKIN:PARAGMILK75OutperformINR 29.22B22.12―0.47%10.91%3.74%
IN:SKMEGGPRODIN:SKMEGGPROD68NeutralINR 10.24B9.76―0.64%21.31%89.98%
IN:AVANTIFEEDIN:AVANTIFEED66NeutralINR 89.82B16.46―1.52%11.35%-8.27%
IN:MUKKAIN:MUKKA60NeutralINR 7.38B10.54――76.01%59.13%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:MKPLIN:MKPL47NeutralINR 1.48B29.54――17.76%-50.16%

* General Sector Average

Performance Comparison

0%50%100%IN:MUKKAIN:AVANTIFEEDIN:HATSUNIN:MKPLIN:PARAGMILKIN:SKMEGGPRODDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:MUKKA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:MUKKAMukka Proteins Limited24.60-0.47-1.87%
IN:AVANTIFEEDAvanti Feeds Limited659.25-38.14-5.47%
IN:HATSUNHatsun Agro Product Limited996.20-65.11-6.14%
IN:MKPLM K Proteins Limited3.93-2.80-41.60%
IN:PARAGMILKParag Milk Foods Ltd.232.80-85.91-26.96%
IN:SKMEGGPRODSKM Egg Products Export (India) Ltd.194.50-17.87-8.42%

Mukka Proteins Limited Corporate Events

Mukka Proteins Shareholders Clear All Resolutions at 16th AGM via E-Voting

Sep 12, 2026

Mukka Proteins Limited held its 16th Annual General Meeting on September 10, 2026, via video conference in compliance with the Companies Act and relevant regulatory circulars. The company reported that all resolutions set out in the AGM notice, inclu...

Mukka Proteins Holds 16th AGM via Virtual Platform with Broad Shareholder Participation

Sep 10, 2026

Mukka Proteins Limited held its 16th Annual General Meeting on September 10, 2026 via video conferencing and other audio-visual means, in line with MCA and SEBI circulars. The proceedings were deemed to be conducted at the company’s registered...

Mukka Proteins Extends Tenure of Independent Directors and Top Executives at AGM

Sep 10, 2026

At its 16th Annual General Meeting on 10 September 2026, Mukka Proteins Limited secured shareholder approval to reappoint three non-executive independent directors for second five-year terms commencing in January 2027. The move reinforces board conti...

Mukka Proteins Wins EU Certification for Eco Sphere Organic Fertilizer

Sep 4, 2026

Mukka Proteins Limited has received an EU – Inputs Attestation from ECOCERT S.A.S., France, confirming that its Eco Sphere Organic Fertilizer is suitable for use in organic farming under specific EU programme conditions. The certification, issu...

Mukka Proteins Sets Fully Virtual 16th AGM for 10 September

Aug 19, 2026

Mukka Proteins Limited has announced that its 16th Annual General Meeting will be held on 10 September 2026 at 3:00 p.m. IST through video conferencing and other audio-visual means, in line with regulatory provisions allowing virtual shareholder meet...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026