Mishtann Foods appears to be an Indian company specializing in processing and trading of agricultural products, particularly rice and wheat. Here’s a quick summary of what I found about them:
Business:
Processes and packages Basmati rice and wheat.
Sells pulses and salt.
Offers various Basmati rice varieties under different brand names.
Mishtann Foods Products
Here’s a quick summary of what I found about their products:
Basmati Rice: They are a major participant in the Basmati rice market, offering various varieties including:
Snowflake Basmati Rice
Pristino Basmati Rice
Mishtann Snowflake Basmati Rice
Jacinth Basmati Rice
Rozana Basmati Rice
Jasper Basmati Rice
Mishtann Jasper Basmati Rice
Mahabat Basmati Rice
Other Grains: They also process and trade other food grains like Wheat and pulses.
Rock Salt: Their product portfolio also includes rock salt.
Mishtann Foods Revenue and Net Profit
Revenue Growth:
Their revenue has been growing at an average annual rate of 15.9%.
They recently reported a revenue of ₹650.44 Crore for the fiscal year 2023.
Net Profit Growth:
Mishtann Foods has seen impressive growth in net profits, with an average annual increase of 73.2%.
For the fiscal year 2023, their net profit was reported at ₹81.82 Crore.
Mishtann Foods Shareholding Patterns
Promoter Holding: 49.82%.
Institutional Investors: This category, including Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), holds a minimal share of 2.23%.
Non-Promoter Holding: This category includes individual investors and other entities besides promoters and institutions. It currently doesn’t have a specific data point available, but we can estimate it by subtracting the promoter and institutional holdings from 100%. In this case, non-promoter holding would be around 48%.
Growth Trajectory: The company has shown impressive growth in recent years, with increasing revenue and net profits.
Expansion Plans: Mishtann Foods is actively expanding its product portfolio and exploring new markets domestically and internationally. This could lead to further revenue growth.
Strong Basmati Rice Segment: Basmati rice is a high-value product with a growing demand globally. Mishtann Foods’ strong presence in this segment positions them well to benefit from this trend.
Competition: The Indian agricultural sector is highly competitive. Mishtann Foods will need to maintain their competitive edge in terms of quality, pricing, and brand recognition.
Dependence on Weather: Agricultural businesses are susceptible to weather fluctuations. Adverse weather conditions can impact crop yields and profitability.
Debt: Some financial reports indicate Mishtann Foods has a high debt level, which could limit their financial flexibility.
Mishtann Foods Competitors
Mishtann Foods operates in the Indian agricultural processing and trading sector, with a focus on Basmati rice and other grains. Their competitors can be categorized into two main groups:
1. Basmati Rice Competitors:
These companies directly compete with Mishtann Foods in the premium Basmati rice market:
Larger FMCG Players: Established FMCG (Fast-Moving Consumer Goods) companies in India with a presence in the Basmati rice segment, such as:
ITC Limited (ITC)
Britannia Industries Limited (Britannia)
Tata Consumer Products Limited (Tata Consumer)
Other Basmati Rice Processors and Exporters: These companies specialize in processing and exporting Basmati rice, competing with Mishtann Foods for market share and international sales. Some examples include:
These companies compete with Mishtann Foods in the broader agricultural commodity trading space, including rice, wheat, and pulses:
Large Commodity Trading Firms: Multinational companies involved in global agricultural commodity trading, such as:
Ingredion Incorporated (Ingredion) (US-based)
Archer Daniels Midland Company (ADM) (US-based)
Bunge Limited (Bunge) (Switzerland-based)
Indian Agricultural Trading Companies: Domestic players dealing in agricultural commodities across India, such as:
National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED)
Agricultural and Processed Food Products Export Development Authority (APEDA)
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Lester Marble
Lester Marble is an Austin-based novelist who writes espionage thrillers set against historical backdrops. His books fuse high-tech spycraft with meticulous research to create gripping reads. When he's not writing, Lester enjoys traveling, photography, and chess.