Mukka Proteins Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Mukka Proteins Ltd. (MUKKA) is a key player in the Indian marine protein industry, specializing in the manufacture and export of fishmeal, fish oil, and fish-soluble paste. With an estimated 25%–30% market share in the Indian fishmeal and fish oil segment, the company serves as a vital supplier to the aquaculture, poultry, and livestock industries globally. Mukka Proteins has also expanded into alternate proteins through insect-based products and entered the frozen seafood sector, positioning itself as an integrated animal protein and sustainability platform.

Key Points

• Key Facts: Founded in 1977 as a partner firm and incorporated in its current form in 2010, the company is headquartered in Mangaluru, Karnataka. It listed on the NSE and BSE on March 7, 2024. The company is promoter-led, with Mr. Kalandan Mohammed Haris serving as Managing Director and CEO.
• Operations and Resources: The company operates multiple manufacturing facilities, including two units in Karnataka (Mangaluru and Ullal) and a presence in Gujarat. Internationally, it has established units in Oman. Its total installed capacity for fishmeal, fish oil, and paste stands at 2,64,390 MT per year.
• Market and Significance: Mukka Proteins exports to over 25 countries, including China, Chile, Saudi Arabia, and South Korea. Its products are essential high-protein ingredients for aq꿮d (shrimp and fish) and poultry feed. It is one of the few Indian companies to commercialize insect protein (insect meal and oil).
• Sustainability and Innovation: The company focuses on waste-to-value solutions, utilizing fish by-products to produce nutrient-rich feed. It has a dedicated R&D effort for nutritional quality enhancement and has secured a significant order of ₹474.89 crore for the treatment of legacy leachate, reflecting its diversification into environmental services.

Business Model and Segment Performance Mukka Proteins follows an integrated business model that spans sourcing raw fish, processing it into high-protein ingredients, and global distribution. The company excels in large-scale steam-sterilized fishmeal production and has a first-mover advantage in the Indian insect protein market.

Revenue Breakdown (FY 2024-25 Annual Numbers):

• Standalone Revenue: ₹8,867.43 million (compared to ₹12,685.43 million in FY 2023-24).
• Consolidated Revenue: ₹10,064.16 million (compared to ₹13,798.29 million in FY 2023-24).
• Net Profit (Consolidated): ₹480.97 million for FY 2024-25.
• Geographical Reach: Exports contribute a significant portion of revenue, with a presence in over 25 countries across the Far East, Middle East, and South America.

Key Products and Technology:

• Fish Meal: High-protein ingredient for aquaculture and poultry.
• Fish Oil: Rich in Omega-3 fatty acids, used in aq꿮d, pharmaceuticals, and industrial applications.
• Insect Protein: Commercialized through subsidiary Ento Proteins Pvt Ltd, targeting alternate protein markets.
• Facility Advancement: Implementation of automated blending units and quality testing laboratories as per international standards (GMP+ B2 Certification).

Strategic Initiatives and Outlook:

• Acquisitions: Recently acquired GSM, FABBCO, Mukka Frozen, and MPL HRC Ecosolutions to strengthen its footprint.
• Consolidation: Plans to make Ento Proteins and HMPPL wholly-owned subsidiaries.
• Expansion: Approved capacity expansion in Bengaluru and strengthening of its carbon credit portfolio through Verra-listed projects.
• Future Outlook: Focus remains on expanding the product portfolio into higher-margin segments like frozen seafood and leveraging waste management contracts for steady cash flows.

References

1. Investor Presentation Feb 2026
2. Annual Report May 2025
3. Annual Report May 2024
4. Quarterly Results Nov 2025