Mishtann Foods Standalone December 2022 Net Sales at Rs 163.64 crore, up 10.8% Y-o-Y

With a market cap of Rs. 882.00 Cr., Mishtann Foods Ltd. is a small-cap company that operates in the fast-moving consumer goods (FMCG) industry.

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Mishtann Foods on Saturday announced that its board approved raising of funds by way of issue of equity shares on a rights issue basis for a value not exceeding Rs 150 crore.

Mishtann Foods board OKs Rs 150-cr rights issue

New Delhi [India], November 28 (ANI/PNN): BSE listed Mishtann Foods has been in the spotlight of late as the promoters of the company continue to buy stake in it at the lower levels.

Mishtann Foods promoter laps up shares from open markets in tranches

The company has executed a Memorandum of Understanding (MoU) with the Government of Gujarat.

Mishtann Foods plans to set up ethanol project in Gujarat; Stock gains 1%

Mishtann Foods rose 2.52% to Rs 10.19 after the company said it proposed to set up a 1,000 KLPD (kilolitres per day) grain based ethanol manufacturing facility at Dalpur, Prantij, Sabarkantha of Gujarat.

Mishtann Foods gains on plan to set up grain-based ethanol facility

Mishtann Foods’ standalone net profit surged 216% to Rs 11.03 crore in Q1 FY23 as against Rs 3.49 crore recorded in Q1 FY22.

Mishtann Foods Q1 spurts 216% YoY to Rs 11 cr

Mishtann Foods standalone net profit rises 216.05% in the June 2022 quarter

Multibagger stock: Mishtann Foods share price has been hitting upper circuit since 21st June 2022

Multibagger dividend paying stock hits upper circuit on five straight sessions

Launches salt crystals with nutritional benefits

Mishtann Foods expands its Salt portfolio

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mishtann Foods Limited is an India-based manufacturer of fast moving consumer products. The Company produces and sells wheat, toor dal and basmati rice under the brand name Mishtann in India.