Saturday, May 22, 2021

SKM Egg Products Export (India) Ltd (532143) – Rising Egg Price will strength its Bottom Line

SKM Egg Products Export (India) Ltd (532143)  closes   at ₹65.00  with  a   Gain  of   +2.90%   on    21-May-2021  with formation of  a  Small  Red  Candle    on Daily  Price Chart.

About the Company : Skm Egg Products Export (India) Limited is a manufacturer and supplier of egg products in the international market. The Company operates through egg powder manufacturing segment. It offers Egg Yolk Powder, Egg Albumine Powder and Whole Egg Powder. It offers Whole Egg Powder-Standard, Whole Egg Powder-High Color, Whole Egg Powder-High Gel, Whole Egg Powder-Heat Stable and Whole Egg Powder-Free Flow. Its Egg Yolk Powder products include Egg Yolk Powder-Standard, Egg Yolk Powder-High Color, Egg Yolk Powder-Heat Stable and Egg Yolk Powder-Free Flow. It offers Egg Albumen Powder-High Gel and Egg Albumen Powder-High Whip. The Company also offers a range of bakery mix products, such as whole egg powder with sugar, and whole egg powder with sugar and glucose. It also offers Egg Albumen Liquid, Egg Yolk Liquid and Whole Egg Liquid. The Company also supplies customized egg liquids with ingredients. It offers a range of egg yolk liquids, such as salted yolk and heat stable egg yolk.

Strength : 1. Farmgate egg prices are ruling high at ₹4.60­5 a piece.

Financials SKM Egg Products Export (India) Ltd  has posted Net Sales / Revenue   of ₹ 313.00 Cr & Net Profit of ₹5.00 Cr in FY2020 and expected to post Net Sales / Revenue   of ₹284.00 Cr & Net Profit of ₹14.00 Cr in FY2021

Valuations  : The Company is now Trading at X 0.1  of its  valuations ( last 4Quaters earnings considered here) at a Fair Value  and at X0.74  of its FY 2021, which is now almost  ~26%  Discount    to its value .

If We factor its earnings/valuations, its Price arrives at ₹88.10 with consideration FY2021 earnings.

Disclaimer : We are / may going to take exposure shortly.

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