Mukka Proteins Limited, originally incorporated as Mukka Sea Food Industries in Karnataka on March 13, 2003, is India's largest manufacturer and exporter of fish meal and fish oil. The company was formerly known as Mukka Sea Food Industries Limited and changed its name to Mukka Proteins Limited in August 2021. The company was founded in 1960 and is based in Mangalore, India.
Mukka Proteins Limited manufactures Fish Protein products and supplies fish meal, fish oil, and fish soluble paste, which are essential ingredients in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (dog and cat food). Further, fish oil also finds application in pharmaceutical products (Omega-3 pills and related products derived from fish oil), soap manufacturing, leather tanneries, and paint industries.
Mukka Proteins Limited is a Three-Star Export House and India's largest producer of fish meal, fish oil, and soluble paste, playing a key role in global food security. The company supplies high-quality protein ingredients to the aquaculture, poultry, and pet food industries worldwide. The company distributes its products within the domestic market and exports them to more than 20 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.
Kalandan Mohammed Haris, Mukka Group, is one of the pioneers in the Fishmeal Industry, having set up one of India's first steam sterilised fishmeal plants. They produce Steam Dried Fish Meal, Fish Oil, and Fish Soluble Paste from their modern and fully mechanized plant situated in Karnataka and Gujarat.
The company has demonstrated significant revenue growth and profitability, serving critical sectors.
On a consolidated basis, Mukka Proteins Ltd reported a profit of ₹14.00 crore on a total income of ₹385.72 crore for the quarter ended March 2025. For the year ended March 2024, Mukka Proteins Ltd had posted a profit of ₹74.31 crore on a total income of ₹1,379.83 crore.
Mukka Proteins Ltd's revenue jumped 47.54% since last year's same period to ₹385.72 crore in Q4 FY25. On a quarterly growth basis, Mukka Proteins Ltd has generated a 24.64% jump in its revenue since the last 3 months. However, the company's net profit fell -49.98% since last year's same period to ₹13.59 crore in Q4 FY25. On a quarterly growth basis, Mukka Proteins Ltd has generated a -48.25% fall in its net profits since the last 3 months.
- Market Capitalization: ₹924 crore (as on May 27, 2025)
- Revenue (FY25): ₹1,006 crore
- Net Profit (FY25): ₹48.1 crore
- P/E Ratio: 19.89 times (as on May 27, 2025)
- Book Value: ₹14.7
- ROE: 11.1%
- ROCE: 11.6%
- Promoter Holding: 73.3% (with no promoter pledging)
Recently, the Company diversified its products by developing alternative proteins such as Black Soldier Fly (BSF) Insect Meal and Insect Oil in the animal food industry. Mukka Proteins is innovating new-age businesses in the circular economy and alternative proteins like insect meal and oil from black soldier larvae.
Mukka Proteins Limited has acquired a 51% stake in GSM Marine Export for up to ₹14 crore on April 22, 2025, enhancing its strategic expansion in the fish meal and oil sector. This investment aligns with Mukka Proteins' strategy to further add capacity and strengthen its market leadership. With this acquisition, MPL enhances its processing capabilities, secures additional raw material supply chains, and reinforces its ability to meet the rising global demand for high-quality fish meal and fish oil.
According to industry reports, the global Fishmeal and Fish Oil Market is estimated at USD 9.27 billion in 2025 and is expected to reach USD 16.28 billion by 2030, at a CAGR of 11.93% during the forecast period (2025-2030). This positive industry outlook positions Mukka Proteins well for future growth opportunities.
Mukka Proteins Ltd's 52-week high is ₹56.56 and its 52-week low is ₹28.71. Mukka Proteins Ltd has given a return of -9.69% in the last 1 year. As of April 30, 2025, the company has 331 employees.
Mukka Proteins Limited represents a compelling investment opportunity in India's growing aquaculture and animal nutrition sector, with its established market leadership, diversified product portfolio, and strategic expansion initiatives positioning it well for sustainable long-term growth.
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