SKM EGG PRODUCTS EXPORT
SKM Egg Products Export (India) established in 1995 is a part of SKM, which was founded by visionary SKM Mailenandhan, who started his career as a humble general store merchant. Today through the sheer commitment and values of excellence SKM has grown from an Individual to institution. SKM embarked on a new journey of excellence by starting SKM Egg Products as a 100% export oriented unit (EOU) .The modern state-of-the-art processing plant uses the best of the technology and commenced the commercial production in July 1997.
The project now employs more than 200 people can process 1.2 million eggs every day and produce a range of albumen powder, yolk powder and whole egg powder for the international market. SKM Egg Products is gearing up for the future with lot more value additions in the products by delivering the best.
SKM egg processing plant´s entire construction and machinery installation confirms to EU / USDA regulations.The plant is approved by EIC-EIA as per the Indian Act 'Export of Egg Products Quality Control, Inspection, and Monitoring Rules 1997 Act, based on EU/USDA Guide lines'.
SKM egg products is certified for ISO22000, BRC, and HALAL to make quality egg products. The state of the art quality assurance laboratory equipped with sophisticated instruments is ISO 17025 accredited. SKM has the capability to formulate and develop various kinds of egg based mixes for bakeries and mayonnaise applications.
Product range of the company includes:
SKM offers the complete portfolio of spray dried egg ingredients, variety of egg white powders, egg yolk powder (heat stable) and a range of bakery mixes based on whole egg powder.
Egg yolk powder
Egg albumen powder
Whole egg powder
Bakery Mix.
Infrastructure
1. Egg products
2. Poultry Farm
3. EC Shed
4. Feed mill
The India egg powder market size reached US$ 37.5 Million in 2023 Looking forward, IMARC Group expects the market to reach US$ 56.6 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028. Egg powder is prepared by dehydrating eggs via the spray drying process. Egg powder is currently in high demand in personal care goods, cosmetics, and animal feed and pet food products owing to a high-protein diet.
Market Expansion
The company has obtained Certificate of Registration from the United States of America (Food and Drug Administration) to promote and market egg products in the US.
Focus
The co is working to enter into the new markets of Africa, Singapore, etc. It is also working to identify more customers in Nigeria, Russia, Korea, Europe, etc.
Key finanical health checkup.
1. Market Cap 597 Cr V/S sales 662 (intresting)
2. Stock P/E 7.88 (one of the lowest PE in the food processing industry)
3. Industry PE 44.5
4. Debt to equity 0.49
5. PEG Ratio 0.06
6. Piotroski score 8.00
7. Graham Number 219
8. ROCE 45.7 % (Hardly to find such companies posting high ROCE of 45.7%)
9. ROE 48.2 % (Hardly find such companies posting high ROE)
10.Company operating margin 19% (only few company maintaining such operating margin)
11.Net profit up from 7 cr to 76 cr (profit which is around 10 times more)
12.EPS jumped from 2.82 to 28.81. (what a jump)
13.Share capital 26 cr
14.Strong reserve of 168 cr
15.Dedt around 96 cr (short term loan 72 cr and long term loan 24 cr)
16.Inventories of 119 cr and trade receiveable 38 cr which will be converted in next finanical year.
17.Cash in hand 53 cr.
18.OCF improved from 2 cr to 60 cr.
19.Debitor imporved from 31 days to 21 days
20.cash conversion improved from 168 days to 102 days
21.Promoter holding 55.56% and FII increased stake from 0.18% to 0.58%
22.public holding 43.85%
23.CARE BBB+; Stable (Triple B Plus; Outlook:Stable)
SKM Egg Products Export (India) established in 1995 is a part of SKM, which was founded by visionary SKM Mailenandhan, who started his career as a humble general store merchant. Today through the sheer commitment and values of excellence SKM has grown from an Individual to institution. SKM embarked on a new journey of excellence by starting SKM Egg Products as a 100% export oriented unit (EOU) .The modern state-of-the-art processing plant uses the best of the technology and commenced the commercial production in July 1997.
The project now employs more than 200 people can process 1.2 million eggs every day and produce a range of albumen powder, yolk powder and whole egg powder for the international market. SKM Egg Products is gearing up for the future with lot more value additions in the products by delivering the best.
SKM egg processing plant´s entire construction and machinery installation confirms to EU / USDA regulations.The plant is approved by EIC-EIA as per the Indian Act 'Export of Egg Products Quality Control, Inspection, and Monitoring Rules 1997 Act, based on EU/USDA Guide lines'.
SKM egg products is certified for ISO22000, BRC, and HALAL to make quality egg products. The state of the art quality assurance laboratory equipped with sophisticated instruments is ISO 17025 accredited. SKM has the capability to formulate and develop various kinds of egg based mixes for bakeries and mayonnaise applications.
Product range of the company includes:
SKM offers the complete portfolio of spray dried egg ingredients, variety of egg white powders, egg yolk powder (heat stable) and a range of bakery mixes based on whole egg powder.
Egg yolk powder
Egg albumen powder
Whole egg powder
Bakery Mix.
Infrastructure
1. Egg products
2. Poultry Farm
3. EC Shed
4. Feed mill
The India egg powder market size reached US$ 37.5 Million in 2023 Looking forward, IMARC Group expects the market to reach US$ 56.6 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028. Egg powder is prepared by dehydrating eggs via the spray drying process. Egg powder is currently in high demand in personal care goods, cosmetics, and animal feed and pet food products owing to a high-protein diet.
Market Expansion
The company has obtained Certificate of Registration from the United States of America (Food and Drug Administration) to promote and market egg products in the US.
Focus
The co is working to enter into the new markets of Africa, Singapore, etc. It is also working to identify more customers in Nigeria, Russia, Korea, Europe, etc.
Key finanical health checkup.
1. Market Cap 597 Cr V/S sales 662 (intresting)
2. Stock P/E 7.88 (one of the lowest PE in the food processing industry)
3. Industry PE 44.5
4. Debt to equity 0.49
5. PEG Ratio 0.06
6. Piotroski score 8.00
7. Graham Number 219
8. ROCE 45.7 % (Hardly to find such companies posting high ROCE of 45.7%)
9. ROE 48.2 % (Hardly find such companies posting high ROE)
10.Company operating margin 19% (only few company maintaining such operating margin)
11.Net profit up from 7 cr to 76 cr (profit which is around 10 times more)
12.EPS jumped from 2.82 to 28.81. (what a jump)
13.Share capital 26 cr
14.Strong reserve of 168 cr
15.Dedt around 96 cr (short term loan 72 cr and long term loan 24 cr)
16.Inventories of 119 cr and trade receiveable 38 cr which will be converted in next finanical year.
17.Cash in hand 53 cr.
18.OCF improved from 2 cr to 60 cr.
19.Debitor imporved from 31 days to 21 days
20.cash conversion improved from 168 days to 102 days
21.Promoter holding 55.56% and FII increased stake from 0.18% to 0.58%
22.public holding 43.85%
23.CARE BBB+; Stable (Triple B Plus; Outlook:Stable)