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Mukka Proteins (BOM:544135) Piotroski F-Score : 5 (As of Mar. 14, 2025)


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What is Mukka Proteins Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Mukka Proteins has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Mukka Proteins's Piotroski F-Score or its related term are showing as below:

BOM:544135' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 5

During the past 6 years, the highest Piotroski F-Score of Mukka Proteins was 8. The lowest was 5. And the median was 6.


Mukka Proteins Piotroski F-Score Historical Data

The historical data trend for Mukka Proteins's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mukka Proteins Piotroski F-Score Chart

Mukka Proteins Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 8.00 6.00 5.00

Mukka Proteins Quarterly Data
Mar19 Mar20 Mar21 Sep21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 5.00 - - -

Competitive Comparison of Mukka Proteins's Piotroski F-Score

For the Packaged Foods subindustry, Mukka Proteins's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mukka Proteins's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mukka Proteins's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mukka Proteins's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹701 Mil.
Cash Flow from Operations was ₹-1,504 Mil.
Revenue was ₹13,421 Mil.
Gross Profit was ₹1,725 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (5751.64 + 9407.94) / 2 = ₹7579.79 Mil.
Total Assets at the begining of this year (Mar23) was ₹5,752 Mil.
Long-Term Debt & Capital Lease Obligation was ₹69 Mil.
Total Current Assets was ₹8,165 Mil.
Total Current Liabilities was ₹5,209 Mil.
Net Income was ₹441 Mil.

Revenue was ₹11,564 Mil.
Gross Profit was ₹1,709 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (3922.96 + 5751.64) / 2 = ₹4837.3 Mil.
Total Assets at the begining of last year (Mar22) was ₹3,923 Mil.
Long-Term Debt & Capital Lease Obligation was ₹107 Mil.
Total Current Assets was ₹4,640 Mil.
Total Current Liabilities was ₹4,028 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Mukka Proteins's current Net Income (TTM) was 701. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Mukka Proteins's current Cash Flow from Operations (TTM) was -1,504. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar23)
=700.52/5751.64
=0.12179483

ROA (Last Year)=Net Income/Total Assets (Mar22)
=440.75/3922.96
=0.11235139

Mukka Proteins's return on assets of this year was 0.12179483. Mukka Proteins's return on assets of last year was 0.11235139. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Mukka Proteins's current Net Income (TTM) was 701. Mukka Proteins's current Cash Flow from Operations (TTM) was -1,504. ==> -1,504 <= 701 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=68.81/7579.79
=0.00907809

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=106.85/4837.3
=0.02208877

Mukka Proteins's gearing of this year was 0.00907809. Mukka Proteins's gearing of last year was 0.02208877. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=8165.23/5209.27
=1.56744227

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=4640.42/4028
=1.15204071

Mukka Proteins's current ratio of this year was 1.56744227. Mukka Proteins's current ratio of last year was 1.15204071. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Mukka Proteins's number of shares in issue this year was 225.683. Mukka Proteins's number of shares in issue last year was 300. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1725.14/13421.06
=0.12853977

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1709.09/11563.63
=0.14779874

Mukka Proteins's gross margin of this year was 0.12853977. Mukka Proteins's gross margin of last year was 0.14779874. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar23)
=13421.06/5751.64
=2.33343186

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=11563.63/3922.96
=2.94767981

Mukka Proteins's asset turnover of this year was 2.33343186. Mukka Proteins's asset turnover of last year was 2.94767981. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+1+1+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Mukka Proteins has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Mukka Proteins  (BOM:544135) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Mukka Proteins Piotroski F-Score Related Terms

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Mukka Proteins Business Description

Traded in Other Exchanges
Address
NG Road, Mukka Corporate House, Door No. 18-2-16/4, First Cross, Attavara, Dakshina Kannada, Mangaluru, KA, IND, 575001
Mukka Proteins Ltd is an animal protein company. The company manufactures and supplies fish meal, fish oil, and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broilers and layer), and pet food. Fish oil of the company also finds its application in pharmaceutical products (additionally, Omega-3 pills and related products derived from fish oil are gaining importance as high nutrient and healthy dietary supplements), soap manufacturing, leather tanneries & paint industries. The company sells its products domestically and also export them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.

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