👋 Bhupendra Rawat
Stock Market Data Analyst | Programming Enthusiast | 4+ Years of Experience
Empowering insights with data & code🔍 Expertise:
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🔄 Last Updated: Analysis Based on Data Till 15 August 2025
Mishtann Foods Share Price Target
Based on our analysis of financial performance and market trends, Mishtann Foods is projected to reach a share price of around ₹12 in the coming months. The stock is trading above its 52-week low but still below its 52-week high, indicating potential upside if positive momentum continues.
📉 Downside Risk: ₹5
📈 Upside Potential: ₹12 (approx. +103%)
🔎 Note: These figures are illustrative and not financial advice. Investors should analyze company fundamentals, market trends, and consult a licensed advisor before making decisions.
🏢 Company Overview
Mishtann Foods is a leading Indian food company specializing in manufacturing and marketing a wide range of sweets, snacks, and packaged food products. With a strong focus on quality and customer satisfaction, the company aims to expand its presence across India, delivering tasty and hygienic products while driving sustainable growth in the food sector.
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🔗 Join Free Telegram GroupMishtann Foods: Revenue Growth, Profitability & Leverage Overview (2021–2025)
Mishtann Foods has shown impressive revenue growth over the last five years, rising from ₹258.01 cr in 2021 to ₹1,375.43 cr in 2025, achieving a strong CAGR of 51.95%. Net profit grew sharply as well, reaching ₹333.33 cr in 2025, with net profit margins consistently above 24% in the last two years. EPS improved to ₹3.00 in 2025 after fluctuating in prior years. ROE remained healthy, peaking at 98.73% in 2024 and stabilizing at 44.10% in 2025, reflecting strong equity efficiency.
The company maintains a solid financial position, with minimal borrowings—Debt-to-Equity stood at just 0.05 in 2025, and the liabilities-to-equity ratio is only 0.23, indicating low leverage. Strong liquidity and controlled debt levels enhance stability, though earlier years showed higher debt ratios. Overall, Mishtann Foods demonstrates robust growth with a solid balance sheet, making it attractive for investors seeking both stability and expansion potential.
Mishtann Foods: Cash Flow Analysis (2021–2025)
Over the last five years, Mishtann Foods’ cash flow from operations remained slightly negative, reaching -₹48.65 cr in 2025, despite strong net profits. Cash flow from investing activities was minimal, showing only marginal outflows. Financing activities largely offset operational cash deficits, with net inflows of ₹48.42 cr in 2025. The closing cash balance remained low at ₹0.21 cr in 2025, indicating that while profitability is strong, cash generation from operations is limited.
✅ Fundamental Summary
Strengths:
Rapid revenue growth and high net profit margins in recent years.
Strong equity base and low debt, ensuring financial stability.
ROE indicates efficient use of shareholder capital.
Weaknesses / Risks:
Operating cash flow is negative, highlighting challenges in converting profits to cash.
EPS has been volatile, which may concern dividend-focused investors.
Early-year leverage and liability ratios were higher, though improving recently.
Investor Considerations:
Mishtann Foods shows strong growth potential with stable financials.
Suitable for investors looking for a mix of growth and financial stability.
Caution is advised for those prioritizing cash flow generation or dividends until operating cash flow trends improve.
📊 Mishtann Foods Financial Overview (2021–2025)
| Particulars | Mar 25 | Mar 24 | Mar 23 | Mar 18 | Mar 17 |
|---|---|---|---|---|---|
| EQUITIES AND LIABILITIES | |||||
| Equity Share Capital | 107.99 | 103.19 | 100.00 | 31.02 | 10.02 |
| Total Share Capital | 107.99 | 103.19 | 100.00 | 31.02 | 10.02 |
| Reserves and Surplus | 852.83 | 432.59 | 50.21 | 7.43 | 1.64 |
| Total Reserves and Surplus | 852.83 | 432.59 | 50.21 | 7.43 | 1.64 |
| Money Received Against Share Warrants | 0.00 | 14.99 | 0.00 | 0.00 | 0.00 |
| Total Shareholders Funds | 960.82 | 550.77 | 150.21 | 38.45 | 11.66 |
| NON-CURRENT LIABILITIES | |||||
| Long Term Borrowings | 22.53 | 19.48 | 20.29 | 15.47 | 16.04 |
| Deferred Tax Liabilities [Net] | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total Non-Current Liabilities | 22.53 | 19.48 | 20.29 | 15.47 | 16.05 |
| CURRENT LIABILITIES | |||||
| Short Term Borrowings | 24.45 | 27.13 | 39.99 | 17.00 | 21.02 |
| Trade Payables | 128.02 | 2.52 | 3.48 | 2.98 | 0.61 |
| Other Current Liabilities | 0.62 | 45.99 | 44.07 | 6.96 | 3.20 |
| Short Term Provisions | 45.97 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 199.07 | 75.64 | 87.54 | 26.94 | 24.83 |
| Total Capital And Liabilities | 1,182.41 | 645.89 | 258.04 | 80.86 | 52.54 |
| ASSETS | |||||
| Tangible Assets | 3.09 | 3.62 | 4.29 | 11.26 | 9.63 |
| Capital Work-In-Progress | 0.00 | 0.00 | 0.00 | 0.00 | 3.43 |
| Fixed Assets | 3.09 | 3.62 | 4.29 | 11.26 | 13.07 |
| Non-Current Investments | 0.23 | 0.23 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets [Net] | 0.13 | 0.14 | 0.14 | 0.05 | 0.00 |
| Long Term Loans And Advances | 16.96 | 5.34 | 3.62 | 2.41 | 0.76 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | 0.37 | 0.55 |
| Total Non-Current Assets | 20.41 | 9.34 | 8.06 | 14.09 | 14.37 |
| CURRENT ASSETS | |||||
| Inventories | 2.92 | 24.61 | 28.14 | 35.16 | 36.48 |
| Trade Receivables | 1,158.45 | 591.18 | 220.52 | 31.40 | 0.66 |
| Cash And Cash Equivalents | 0.21 | 0.47 | 0.05 | 0.08 | 0.86 |
| Short Term Loans And Advances | 0.00 | 20.29 | 1.27 | 0.14 | 0.16 |
| Other Current Assets | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 1,162.00 | 636.55 | 249.98 | 66.77 | 38.17 |
| Total Assets | 1,182.41 | 645.89 | 258.04 | 80.86 | 52.54 |
| OTHER ADDITIONAL INFORMATION | |||||
| Bonus Equity Share Capital | 0.00 | 50.00 | 50.00 | 0.00 | 0.00 |
| Particulars | Mar 25 | Mar 24 | Mar 23 | Mar 18 | Mar 17 |
|---|---|---|---|---|---|
| INCOME | |||||
| Revenue From Operations [Gross] | 1,375.30 | 1,288.09 | 650.39 | 490.51 | 257.72 |
| Revenue From Operations [Net] | 1,375.30 | 1,288.09 | 650.39 | 490.51 | 257.72 |
| Total Operating Revenues | 1,375.30 | 1,288.09 | 650.39 | 490.51 | 257.72 |
| Other Income | 0.13 | 0.06 | 0.05 | 0.09 | 0.29 |
| Total Revenue | 1,375.43 | 1,288.14 | 650.43 | 490.60 | 258.01 |
| EXPENSES | |||||
| Cost Of Materials Consumed | 849.73 | 745.55 | 563.91 | 474.81 | 235.51 |
| Changes In Inventories Of FG, WIP And Stock-In Trade | 0.00 | 0.00 | 0.00 | -0.07 | 13.03 |
| Employee Benefit Expenses | 3.04 | 2.74 | 0.34 | 1.40 | 1.40 |
| Finance Costs | 1.97 | 4.46 | 4.99 | 3.21 | 2.69 |
| Depreciation And Amortisation Expenses | 0.56 | 0.68 | 0.80 | 2.01 | 2.04 |
| Other Expenses | 183.61 | 180.73 | 3.58 | 0.78 | 0.56 |
| Total Expenses | 1,038.91 | 934.16 | 573.62 | 482.12 | 255.24 |
| Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax | 336.52 | 353.98 | 76.81 | 8.48 | 2.76 |
| Profit/Loss Before Tax | 336.52 | 353.98 | 76.81 | 8.48 | 2.76 |
| TAX EXPENSES – CONTINUED OPERATIONS | |||||
| Current Tax | 3.19 | 7.95 | 26.89 | 2.76 | 1.06 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | -0.07 | 0.00 |
| Total Tax Expenses | 3.19 | 7.95 | 26.89 | 2.69 | 1.06 |
| Profit/Loss After Tax And Before ExtraOrdinary Items | 333.33 | 346.03 | 49.92 | 5.79 | 1.70 |
| Extraordinary Items | 0.00 | 0.00 | 0.00 | 0.00 | -0.53 |
| Profit/Loss From Continuing Operations | 333.33 | 346.03 | 49.92 | 5.79 | 1.17 |
| Profit/Loss For The Period | 333.33 | 346.03 | 49.92 | 5.79 | 1.17 |
| Consolidated Profit/Loss After MI And Associates | 333.33 | 346.03 | 49.92 | 5.79 | 1.17 |
| OTHER ADDITIONAL INFORMATION | |||||
| EARNINGS PER SHARE | |||||
| Basic EPS (Rs.) | 3.00 | 0.00 | 1.00 | 2.00 | 0.00 |
| Diluted EPS (Rs.) | 3.00 | 0.00 | 0.00 | 2.00 | 0.00 |
| DIVIDEND AND DIVIDEND PERCENTAGE | |||||
| Equity Share Dividend | 0.00 | 0.10 | 0.15 | 0.10 | 0.00 |
| Tax On Dividend | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Particulars | Mar '25 | Mar '24 | Mar '18 | Mar '17 | Mar '16 |
|---|---|---|---|---|---|
| Investment Valuation Ratios | |||||
| Face Value | 1.00 | 1.00 | 10.00 | 1.00 | 10.00 |
| Dividend Per Share | -- | -- | -- | -- | -- |
| Operating Profit Per Share (Rs) | 3.14 | 3.49 | 4.39 | 0.72 | 2.50 |
| Net Operating Profit Per Share (Rs) | 12.74 | 12.51 | 158.13 | 25.73 | 120.59 |
| Free Reserves Per Share (Rs) | -- | -- | -- | -- | -- |
| Bonus in Equity Capital | -- | 48.45 | -- | -- | -- |
| Profitability Ratios | |||||
| Operating Profit Margin(%) | 24.64 | 27.87 | 2.77 | 2.79 | 2.07 |
| Profit Before Interest And Tax Margin(%) | 24.60 | 27.82 | 2.36 | 2.00 | 1.13 |
| Gross Profit Margin(%) | 24.60 | 27.82 | 2.36 | 2.00 | 1.13 |
| Cash Profit Margin(%) | 24.27 | 26.91 | 1.58 | 1.44 | 1.27 |
| Adjusted Cash Margin(%) | 24.27 | 26.91 | 1.58 | 1.44 | 1.27 |
| Net Profit Margin(%) | 24.23 | 26.86 | 1.17 | 0.45 | 0.33 |
| Adjusted Net Profit Margin(%) | 24.23 | 26.86 | 1.17 | 0.45 | 0.33 |
| Return On Capital Employed(%) | 33.58 | 60.00 | 16.47 | 11.20 | 3.49 |
| Return On Net Worth(%) | 34.69 | 62.82 | 15.05 | 10.01 | 3.88 |
| Adjusted Return on Net Worth(%) | 34.69 | 64.58 | 15.05 | 14.59 | 3.88 |
| Return on Assets Excluding Revaluations | 8.90 | 5.20 | 12.39 | 1.16 | 10.47 |
| Return on Assets Including Revaluations | 8.90 | 5.20 | 12.39 | 1.16 | 10.47 |
| Return on Long Term Funds(%) | 34.42 | 64.55 | 21.67 | 19.70 | 3.49 |
| Liquidity And Solvency Ratios | |||||
| Current Ratio | 5.28 | 6.25 | 1.58 | 0.86 | 4.67 |
| Quick Ratio | 6.74 | 12.72 | 3.46 | 0.78 | 2.88 |
| Debt Equity Ratio | 0.05 | 0.08 | 0.84 | 3.18 | 2.91 |
| Long Term Debt Equity Ratio | 0.02 | 0.01 | 0.40 | 1.38 | 2.91 |
| Debt Coverage Ratios | |||||
| Interest Cover | 171.68 | 80.43 | 3.64 | 2.03 | 1.68 |
| Total Debt to Owners Fund | 0.05 | 0.09 | 0.84 | 3.18 | 2.91 |
| Financial Charges Coverage Ratio | 171.96 | 80.58 | 4.27 | 2.78 | 3.01 |
| Financial Charges Coverage Ratio Post Tax | 170.34 | 78.80 | 3.43 | 2.19 | 2.80 |
| Management Efficiency Ratios | |||||
| Inventory Turnover Ratio | 471.50 | 52.34 | 13.95 | 7.06 | 8.35 |
| Debtors Turnover Ratio | 1.57 | -- | 30.60 | 28.33 | 13.21 |
| Investments Turnover Ratio | 1.36 | 2.21 | 13.95 | 7.06 | 8.35 |
| Fixed Assets Turnover Ratio | 444.81 | 355.35 | 30.84 | 20.69 | 10.77 |
| Total Assets Turnover Ratio | 1.36 | 2.16 | 6.92 | 5.29 | 2.94 |
| Asset Turnover Ratio | 1.71 | 3.19 | 8.20 | 5.74 | 4.27 |
| Average Raw Material Holding | -- | -- | -- | -- | -- |
| Average Finished Goods Held | -- | -- | -- | -- | -- |
| Number of Days In Working Capital | 266.41 | 168.12 | 44.06 | 49.71 | 77.42 |
| Profit & Loss Account Ratios | |||||
| Material Cost Composition | 61.78 | 57.89 | 96.79 | 91.38 | 104.10 |
| Imported Composition of Raw Materials Consumed | -- | -- | -- | -- | -- |
| Selling Distribution Cost Composition | -- | -- | -- | 0.01 | -- |
| Expenses as Composition of Total Sales | -- | -- | -- | -- | -- |
| Cash Flow Indicator Ratios | |||||
| Dividend Payout Ratio Net Profit | -- | 0.02 | 2.07 | -- | -- |
| Dividend Payout Ratio Cash Profit | -- | 0.02 | 1.54 | -- | -- |
| Earning Retention Ratio | 100.00 | 99.98 | 97.93 | 100.00 | 100.00 |
| Cash Earning Retention Ratio | 100.00 | 99.98 | 98.46 | 100.00 | 100.00 |
| Adjusted Cash Flow Times | 0.14 | 0.13 | 4.17 | 9.91 | 19.82 |
| Consolidated Cash Flow (₹ Cr) | Mar '25 12 mths | Mar '24 12 mths | Mar '23 12 mths | Mar '18 12 mths | Mar '17 12 mths |
|---|---|---|---|---|---|
| Net Profit Before Tax | 336.52 | 353.98 | 76.81 | 5.79 | 1.17 |
| Net Cash From Operating Activities | -48.65 | -53.60 | -2.57 | -19.55 | -5.23 |
| Net Cash (used in)/from Investing Activities | -0.03 | -0.25 | -0.06 | -0.02 | -0.76 |
| Net Cash (used in)/from Financing Activities | 48.42 | 54.27 | 2.43 | 18.79 | 6.52 |
| Net (decrease)/increase In Cash and Cash Equivalents | -0.26 | 0.43 | -0.20 | -0.79 | 0.53 |
| Opening Cash & Cash Equivalents | 0.47 | 0.05 | 0.24 | 0.86 | 0.33 |
| Closing Cash & Cash Equivalents | 0.21 | 0.47 | 0.05 | 0.08 | 0.86 |
✨ Mishtann Foods Ltd. (MISHTANN) 📊 Fundamental Analysis
High Growth with Improving Profitability
Mishtann Foods has shown strong revenue expansion with a remarkable CAGR of 51.95%. Profitability and ROE have improved significantly, while debt levels are now much lower compared to earlier years.
🔸 Revenue & Growth (CAGR: 51.95%)
| Year | Revenue (₹ Cr) | Growth (%) |
|---|---|---|
| 2021 | 258.01 | — |
| 2022 | 490.60 | +90.15% |
| 2023 | 650.43 | +32.58% |
| 2024 | 1288.14 | +98.04% |
| 2025 | 1375.43 | +6.78% |
📈 Revenues grew sharply, especially in FY24, though FY25 saw slower growth.
🔸 Net Profit & Margins
| Year | Net Profit (₹ Cr) | Net Profit Margin (%) |
|---|---|---|
| 2021 | 1.17 | 0.45 |
| 2022 | 5.79 | 1.18 |
| 2023 | 49.92 | 7.67 |
| 2024 | 346.03 | 26.86 |
| 2025 | 333.33 | 24.23 |
💡 Margins improved significantly, peaking in FY24, though slightly lower in FY25.
🔸 EPS (Earnings Per Share)
| Year | EPS (₹) | EPS Growth (%) |
|---|---|---|
| 2021 | 0.0 | — |
| 2022 | 2.0 | — |
| 2023 | 1.0 | -50.0% |
| 2024 | 0.0 | -100.0% |
| 2025 | 3.0 | — |
📊 EPS has been volatile, but FY25 shows a sharp recovery.
🔸 Return on Equity (ROE)
| Year | Net Profit (₹ Cr) | Average Equity (₹ Cr) | ROE (%) |
|---|---|---|---|
| 2021 | 1.17 | — | — |
| 2022 | 5.79 | 25.05 | 23.11 |
| 2023 | 49.92 | 94.33 | 52.92 |
| 2024 | 346.03 | 350.49 | 98.73 |
| 2025 | 333.33 | 755.80 | 44.10 |
📈 ROE surged in FY24 but moderated in FY25 as equity base expanded.
🔸 Debt & Liabilities
| Year | Total Borrowings (₹ Cr) | Shareholders’ Funds (₹ Cr) | Debt-to-Equity | Total Liabilities (₹ Cr) | Liabilities-to-Equity |
|---|---|---|---|---|---|
| Mar 21 | 37.06 | 11.66 | 3.18 | 40.88 | 3.51 |
| Mar 22 | 32.47 | 38.45 | 0.84 | 42.41 | 1.10 |
| Mar 23 | 60.28 | 150.21 | 0.40 | 107.83 | 0.72 |
| Mar 24 | 46.61 | 550.77 | 0.08 | 95.12 | 0.17 |
| Mar 25 | 46.98 | 960.82 | 0.05 | 221.60 | 0.23 |
💳 Debt-to-equity dropped drastically, showing improved financial strength.
🔸 Cash Flow Snapshot
| Year | Net Profit Before Tax (₹ Cr) | CFO (₹ Cr) | CFI (₹ Cr) | CFF (₹ Cr) | Closing Cash (₹ Cr) |
|---|---|---|---|---|---|
| Mar 17 | 1.17 | -5.23 | -0.76 | 6.52 | 0.86 |
| Mar 18 | 5.79 | -19.55 | -0.02 | 18.79 | 0.08 |
| Mar 23 | 76.81 | -2.57 | -0.06 | 2.43 | 0.05 |
| Mar 24 | 353.98 | -53.60 | -0.25 | 54.27 | 0.47 |
| Mar 25 | 336.52 | -48.65 | -0.03 | 48.42 | 0.21 |
💰 Operating cash flows are negative despite high reported profits, indicating working capital pressures.
✅ Summary: Is Mishtann Foods a Good Long-Term Investment?
- Strengths:
🚀 Exceptional revenue CAGR of ~52%
📈 Strong profit margins and ROE improvements
💳 Drastic reduction in debt-to-equity ratio - Risks:
⚠️ Negative operating cash flow despite profitability
⚠️ EPS volatility
⚠️ High reliance on financing cash flows
🧠 Final Verdict:
Mishtann Foods has shown extraordinary growth and improving balance sheet strength. However, negative cash flows and EPS inconsistency need careful monitoring. Attractive for growth investors, but with liquidity and sustainability risks.
| Category | No. of Shares | Percentage | % Change QoQ |
|---|---|---|---|
| Promoters | 46,85,71,027 | 43.48% | 0.00 |
| Pledge | 0 | 0.00% | 0.00 |
| FII | 1,48,00,000 | 1.37% | -0.08 |
| Others | 59,42,41,876 | 56.52% | +1.36 |
Mishtann Foods Shareholding Pattern (June 2025)
Promoters hold 46,85,71,027 shares, representing 43.48% of the total stake, with no change from the previous quarter. There are no pledged shares. Foreign Institutional Investors (FIIs) own 1.37% (1,48,00,000 shares), showing a slight decline of 0.08%. The remaining 56.52% (59,42,41,876 shares) is held by public and other investors, up by 1.36%.
In simple terms, promoters continue to hold a significant portion of the company, while public investors have slightly increased their stake this quarter. FIIs have a minimal but steady presence.
📈Mishtann Foods Technical Analysis: Price Charts, Trends & Potential Movements
Here, we analyze price action, support/resistance levels, moving averages, RSI, MACD, and other indicators to forecast near- and long-term movements
📊 Mishtann Foods – 52-Week Price Performance Snapshot
52-Week Low: ₹4.36
52-Week High: ₹7.53
Current Market Price: ₹5.91
Mishtann Foods is trading 35.55% above its 52-week low and 21.51% below its 52-week high, positioning the stock in the mid-range of its yearly price band. This indicates moderate recovery from its lows but also suggests that it hasn’t yet regained peak momentum. The current level reflects cautious optimism—investors may see room for upside if earnings growth sustains, though the gap from the high shows lingering market caution. For risk-tolerant investors, this could be an accumulation phase, while conservative investors may prefer to wait for stronger upward signals.
📊 Mishtann Foods (MISHTANN.BO) – Moving Averages Snapshot
50-Day Moving Average: ₹6.41
200-Day Moving Average: ₹5.86
Mishtann Foods is trading above both its 50-day and 200-day moving averages, showing positive short-term and medium-term momentum. The stock’s ability to stay above the 200-day average highlights underlying strength and investor confidence, while the gap between the 50-day and 200-day averages suggests recent bullish momentum. If the price continues to hold above these levels, it could indicate a sustained uptrend. However, investors should remain cautious of any pullbacks toward the 200-day line, which may act as a key support level going forward.