Mukka Proteins Limited (MUKKA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-513.0%

-₹101.47

vs ₹24.57 price

Levered DCF

-₹301.53

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.63×	21.3×	12.4×	21.13×	38.42×	140.87×	96.05×	88.04×
P/B	1.11×	2.25×	2.19×	6.96×	10.35×	19.06×	22.42×	28.82×
P/S	0.38×	0.98×	0.63×	0.8×	1.21×	2.15×	2.38×	3.21×
EV / EBITDA	8.75×	15.17×	9.35×	12.11×	19.88×	44.8×	194.26×	127.06×
Gross margin	15.4%	23.0%	12.2%	11.6%	10.4%	7.4%	6.3%	7.5%
Operating margin	6.8%	19.8%	6.8%	5.2%	4.7%	0.2%	0.5%	2.1%
Net margin	3.6%	4.6%	5.1%	3.8%	3.2%	1.5%	2.5%	3.6%
Current ratio	1.23×	1.52×	1.57×	1.15×	1.05×	0.96×	0.95×	1.04×
Debt / equity	1.56×	1.03×	0.92×	1.96×	1.95×	2.39×	2.51×	1.88×
Interest coverage	1.83×	5.35×	3.75×	3.67×	3.71×	0.18×	0.35×	1.89×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.4%	10.5%	17.7%	33.0%	27.0%	13.5%	23.3%	32.5%
Return on invested capital	5.7%	17.4%	10.3%	10.3%	9.0%	0.4%	0.9%	4.6%
Return on assets	3.2%	4.3%	7.4%	7.7%	6.2%	2.5%	4.5%	7.1%
Free cash flow yield	-53.6%	-13.7%	-19.3%	-7.9%	-0.7%	-0.9%	-5.2%	-3.4%
Earnings yield	9.4%	4.7%	8.1%	4.7%	2.6%	0.7%	1.0%	1.1%
Enterprise value	₹12.7B	₹14.4B	₹11.4B	₹11.7B	₹10.9B	₹14.2B	₹14.1B	₹13.5B
Net debt / EBITDA	4.95×	4.74×	2.22×	2.45×	2.97×	4.91×	19.34×	7.73×
Cash conversion cycle (days)	232	278	139	76	68	74	77	63