SKMEGGPROD

SKM Egg Products Export (India) share price & financials

Price
₹237.26
Market cap
₹1.2k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
2
Latest concall · Q1 FY27 · call held 31 Jul 2026

SKM Egg Products Export (India) Limited Q1 FY27

Dried Egg Powder Realization 770 Rs/ton

What went well

  • Increased realization for dried egg powder to ₹770/ton in Q1 FY27, up from ₹722/ton last quarter.
  • Branded products segment projected to add ₹40-50 crores in turnover for FY27, with margin growth from next FY.
  • Easy Sheds capex expected to reduce overall production costs by a minimum of 5%, with completion by Nov-Dec 2026.

What to watch

  • Significant increase in feed costs (soya) impacting profitability, expected to persist for 3-6 months.
  • Sales volume growth constrained in current quarters due to full capacity utilization.
Read the full call →

What SKM Egg Products Export (India) Limited does

SKM Egg Products Export (India) Limited converts shell eggs into liquid, frozen and dried (powder) egg products at its Erode, Tamil Nadu facility, selling mainly to export customers in Japan, Europe, Russia, Nigeria and South Africa that use the material as a food ingredient. It also runs a domestic branded/value-added egg products business and, following its acquisition of SKM Universal, a windmill (captive wind power) operation that supports the group's manufacturing cost base. The company positions itself as one of the largest egg processing companies in Asia and describes itself as the market leader in Indian egg-product exports.

Segments

  • Egg Products (Liquid & Powder)
  • Branded / Value-Added Egg Products
  • Windmill (Wind Power)
Market position
One of the largest egg processing companies in Asia
India egg-product export share
More than 60% of India's total egg product exports
Layer bird capacity
20 lakh (2 million) layer birds
Japan egg-powder import share
More than 10% of Japan's total egg powder imports
Egg breaking capacity
Scaled from 10 lakh to 30 lakh eggs processed per day
Key export markets
Japan, Europe, Russia, Nigeria and South Africa
Founded 1995Headquarters Erode, Tamil Nadu, India Company website

Guidance record · Q1 FY27

what the last two calls moved 13 tracked 0 delivered 1 missed 12 open
  • Egg Pro Drink Launch went quiet said Q4 FY26 Promised: Launched this week from June Q1 FY27: The promised launch 'this week from June' was not mentioned or confirmed in the Q1 FY27 call (held July 31). The discussion shifted to a broader strategy for branded products, with no specific update on the Egg Pro drink.
  • Japan Branch Establishment delayed said Q4 FY26 Promised: Established by July end Q1 FY27: The original timeline of July end was missed. 'We were expecting approval by June, July, but it is getting postponed by one or two months because we were asked to resubmit the information.'
  • Turnover on track said Q4 FY26 Promised: ₹1000 crores by 2030 Q1 FY27: The company is operating at full capacity, limiting short-term growth. However, plans for capacity expansion are underway ('next board meeting we'll come up for approval of the next expansion plan'), which is a necessary step towards the long-term 2030 turnover goal.

All 13 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 4.5%, net profit up 50.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue127 135 117 176 202 +59%204 +51%187 +60%184 +5%
EBITDA14 14 12 25 37 +164%48 +243%52 +333%31 +24%
Net profit9 8 6 16 25 +178%30 +275%33 +450%24 +50%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −29.4% 1Y

₹200₹300₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 22 May 2026Q1 FY27 — 31 Jul 2026

1Y: ₹341.8 on 10 Sept 2025 → ₹241.3. High ₹441.95 (21 Nov 2025), low ₹146.04 (9 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−0.0%
31 Jul
Q4 FY26
−8.2%
22 May

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 5.1% a year over 3 years, FY23 to FY26. Operating margin widened to 21.1%.

Year endingFY23FY24FY25FY26
Revenue₹662 Cr₹701 Cr₹497 Cr₹769 Cr
Operating profit₹124 Cr₹122 Cr₹57 Cr₹162 Cr
Operating margin18.7%17.4%11.5%21.1%
Interest₹10 Cr₹11 Cr₹11 Cr₹12 Cr
Depreciation₹11 Cr₹12 Cr₹14 Cr₹16 Cr
Net profit₹76 Cr₹85 Cr₹35 Cr₹104 Cr
Net margin11.5%12.1%7.0%13.5%
Cash from operations₹60 Cr₹109 Cr₹65 Cr₹53 Cr
Free cash flow₹32 Cr₹48 Cr₹32 Cr₹39 Cr
ROCE46.0%35.0%13.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹26 Cr₹26 Cr₹26 Cr₹26 Cr₹26 Cr₹26 Cr
Reserves₹88 Cr₹94 Cr₹168 Cr₹251 Cr₹312 Cr₹369 Cr
Borrowings₹56 Cr₹79 Cr₹88 Cr₹146 Cr₹172 Cr₹142 Cr
Other liabilities₹39 Cr₹33 Cr₹56 Cr₹46 Cr₹72 Cr₹58 Cr
Total liabilities₹210 Cr₹233 Cr₹339 Cr₹469 Cr₹583 Cr₹595 Cr
Fixed assets₹69 Cr₹70 Cr₹75 Cr₹114 Cr₹182 Cr₹178 Cr
Capital work in progress₹2 Cr₹1 Cr₹24 Cr₹34 Cr₹3 Cr₹6 Cr
Investments₹16 Cr₹16 Cr₹4 Cr₹8 Cr₹31 Cr₹78 Cr
Other assets₹122 Cr₹145 Cr₹236 Cr₹313 Cr₹366 Cr₹333 Cr
Total assets₹210 Cr₹233 Cr₹339 Cr₹469 Cr₹583 Cr₹595 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

What the price assumes

Attractive

To justify its price of ₹241, this stock must grow earnings at 2% every year for 7 years. Our analysis caps realistic growth at ~11%. At that growth it is worth ₹389 — upside of 61%.

Growth the price implies
2.2% a year
for 7 years, fading to 4%
It has actually compounded at
11.0% a year
net profit, FY23–FY26
The gap
-0.1 pp
61% downside if it only repeats history
Price today ₹241.3 Value at the reference growth ₹388.83

Change the assumptions yourself →

All earnings calls (2)

Read the Q1 FY27 call →

Learn to analyse SKM Egg Products Export (India) Limited

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