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SKM Egg Products Export (India)

NSEI:SKMEGGPROD
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKMEGGPROD
NSEI
₹968M
Market Cap
  1. Home
  2. IN
  3. Food, Beverage & Tobacco
Company description

SKM Egg Products Export (India) Limited manufactures and supplies egg products in India and internationally. The last earnings update was 47 days ago. More info.


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  • SKM Egg Products Export (India) has significant price volatility in the past 3 months.
SKMEGGPROD Share Price and Events
7 Day Returns
-5.1%
NSEI:SKMEGGPROD
-2.5%
IN Food
-2.2%
IN Market
1 Year Returns
-51.3%
NSEI:SKMEGGPROD
-4.2%
IN Food
-3.1%
IN Market
SKMEGGPROD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SKM Egg Products Export (India) (SKMEGGPROD) -5.1% -2.7% -32% -51.3% -48.7% 178.8%
IN Food -2.5% -3.1% -3.6% -4.2% 48.8% 124.9%
IN Market -2.2% -2.7% -4.1% -3.1% 22.1% 34.8%
1 Year Return vs Industry and Market
  • SKMEGGPROD underperformed the Food industry which returned -4.2% over the past year.
  • SKMEGGPROD underperformed the Market in India which returned -3.1% over the past year.
Price Volatility
SKMEGGPROD
Industry
5yr Volatility vs Market

Value

 Is SKM Egg Products Export (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SKM Egg Products Export (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SKM Egg Products Export (India).

NSEI:SKMEGGPROD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SKMEGGPROD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 35%) (44.06%))
0.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.817 * 8.6%)
14.57%

Discounted Cash Flow Calculation for NSEI:SKMEGGPROD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SKM Egg Products Export (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SKMEGGPROD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.57%)
2020 85.96 Est @ 11.53% 75.03
2021 94.85 Est @ 10.34% 72.25
2022 103.86 Est @ 9.5% 69.05
2023 113.12 Est @ 8.92% 65.64
2024 122.74 Est @ 8.51% 62.17
2025 132.83 Est @ 8.22% 58.72
2026 143.48 Est @ 8.02% 55.36
2027 154.78 Est @ 7.88% 52.12
2028 166.83 Est @ 7.78% 49.03
2029 179.69 Est @ 7.71% 46.10
Present value of next 10 years cash flows ₹605.47
NSEI:SKMEGGPROD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹179.69 × (1 + 7.55%) ÷ (14.57% – 7.55%)
₹2,751.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,751.37 ÷ (1 + 14.57%)10
₹705.81
NSEI:SKMEGGPROD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹605.47 + ₹705.81
₹1,311.28
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,311.28 / 26.33
₹49.8
NSEI:SKMEGGPROD Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹49.80
Current discount Discount to share price of ₹36.10
= -1 x (₹36.10 - ₹49.80) / ₹49.80
27.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SKM Egg Products Export (India) is available for.
Intrinsic value
28%
Share price is ₹36.1 vs Future cash flow value of ₹49.8
Current Discount Checks
For SKM Egg Products Export (India) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SKM Egg Products Export (India)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SKM Egg Products Export (India)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SKM Egg Products Export (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SKM Egg Products Export (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SKMEGGPROD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹1.85
NSEI:SKMEGGPROD Share Price ** NSEI (2019-07-15) in INR ₹36.1
India Food Industry PE Ratio Median Figure of 162 Publicly-Listed Food Companies 15.66x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SKM Egg Products Export (India).

NSEI:SKMEGGPROD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SKMEGGPROD Share Price ÷ EPS (both in INR)

= 36.1 ÷ 1.85

19.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SKM Egg Products Export (India) is overvalued based on earnings compared to the IN Food industry average.
  • SKM Egg Products Export (India) is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does SKM Egg Products Export (India)'s expected growth come at a high price?
Raw Data
NSEI:SKMEGGPROD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14%per year
India Food Industry PEG Ratio Median Figure of 18 Publicly-Listed Food Companies 1.49x
India Market PEG Ratio Median Figure of 534 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SKM Egg Products Export (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SKM Egg Products Export (India)'s assets?
Raw Data
NSEI:SKMEGGPROD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹36.65
NSEI:SKMEGGPROD Share Price * NSEI (2019-07-15) in INR ₹36.1
India Food Industry PB Ratio Median Figure of 205 Publicly-Listed Food Companies 1x
India Market PB Ratio Median Figure of 3,668 Publicly-Listed Companies 0.96x
NSEI:SKMEGGPROD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SKMEGGPROD Share Price ÷ Book Value per Share (both in INR)

= 36.1 ÷ 36.65

0.98x

* Primary Listing of SKM Egg Products Export (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SKM Egg Products Export (India) is good value based on assets compared to the IN Food industry average.
X
Value checks
We assess SKM Egg Products Export (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. SKM Egg Products Export (India) has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SKM Egg Products Export (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover SKM Egg Products Export (India), future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SKM Egg Products Export (India) expected to grow at an attractive rate?
  • SKM Egg Products Export (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • SKM Egg Products Export (India)'s earnings growth is positive but not above the India market average.
  • Unable to compare SKM Egg Products Export (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SKMEGGPROD Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SKMEGGPROD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14%
India Food Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
India Food Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SKMEGGPROD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SKMEGGPROD Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 3,345 49
2018-03-31 3,176 141 13
2017-03-31 2,322 -44 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SKM Egg Products Export (India)'s earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if SKM Egg Products Export (India) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SKMEGGPROD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SKM Egg Products Export (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SKMEGGPROD Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 1.85
2018-03-31 0.48
2017-03-31 0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SKM Egg Products Export (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SKM Egg Products Export (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SKM Egg Products Export (India) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SKM Egg Products Export (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SKM Egg Products Export (India)'s growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SKM Egg Products Export (India)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SKM Egg Products Export (India)'s 1-year earnings growth exceeds its 5-year average (289.6% vs -28.3%)
  • SKM Egg Products Export (India)'s earnings growth has exceeded the IN Food industry average in the past year (289.6% vs 15.3%).
Earnings and Revenue History
SKM Egg Products Export (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SKM Egg Products Export (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SKMEGGPROD Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,345.20 48.80 210.20
2018-03-31 3,176.15 12.53 127.08
2017-03-31 2,321.76 16.22 138.19
2016-03-31 3,029.29 245.25 169.45
2015-03-31 2,900.79 254.48 145.92
2014-03-31 2,634.92 71.92 197.93
2013-03-31 2,151.48 9.96 188.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SKM Egg Products Export (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SKM Egg Products Export (India) used its assets less efficiently than the IN Food industry average last year based on Return on Assets.
  • SKM Egg Products Export (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SKM Egg Products Export (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SKM Egg Products Export (India) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SKM Egg Products Export (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SKM Egg Products Export (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SKM Egg Products Export (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SKM Egg Products Export (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SKM Egg Products Export (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SKM Egg Products Export (India) Company Filings, last reported 3 months ago.

NSEI:SKMEGGPROD Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 971.50 426.30 243.10
2018-03-31 926.88 438.33 215.07
2017-03-31 918.32 441.42 173.07
2016-03-31 921.40 359.20 193.77
2015-03-31 705.24 421.91 59.17
2014-03-31 465.19 725.41 83.09
2013-03-31 399.79 878.76 50.79
  • SKM Egg Products Export (India)'s level of debt (43.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (155.5% vs 43.9% today).
  • Debt is well covered by operating cash flow (33%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SKM Egg Products Export (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SKM Egg Products Export (India) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SKM Egg Products Export (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.39%
Current annual income from SKM Egg Products Export (India) dividends.
If you bought ₹2,000 of SKM Egg Products Export (India) shares you are expected to receive ₹28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SKM Egg Products Export (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • SKM Egg Products Export (India)'s dividend is below the markets top 25% of dividend payers in India (2.17%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SKMEGGPROD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Food Industry Average Dividend Yield Market Cap Weighted Average of 71 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SKMEGGPROD Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-23 0.500 0.896
2018-05-28 0.000 0.000
2017-08-09 0.000 0.000
2016-03-16 1.000 1.444
2015-08-24 1.000 0.702
2010-07-30 0.000 0.000
2009-05-04 0.500 2.712

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of SKM Egg Products Export (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SKM Egg Products Export (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SKM Egg Products Export (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SKM Egg Products Export (India) has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SKM Egg Products Export (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
S. K. M. ShivKumar
COMPENSATION ₹4,360,634
AGE 50
TENURE AS CEO 3.7 years
CEO Bio

Mr. S. K. M. Shree ShivKumar has been the Managing Director and Executive Director of SKM Egg Products Export (India) Ltd since June 25, 2006 and its Chief Executive Officer since November 18, 2015. Mr. ShivKumar served as Compliance Officer of SKM Egg Products Export (India) Ltd.

CEO Compensation
  • S. K. M.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • S. K. M.'s remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the SKM Egg Products Export (India) management team in years:

3.7
Average Tenure
  • The tenure for the SKM Egg Products Export (India) management team is about average.
Management Team

S. Maeilanandhan

TITLE
Founder & Executive Chairman
COMPENSATION
₹3M
AGE
75
TENURE
24.5 yrs

S. K. M. ShivKumar

TITLE
CEO, MD & Executive Director
COMPENSATION
₹4M
AGE
50
TENURE
3.7 yrs

K. Venkatachalapathy

TITLE
Chief Financial Officer
COMPENSATION
₹2M

P. Sekar

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹475K

V. Anandhatheerthan

TITLE
Assistant General Manager of Finance and Accounts
TENURE
3.7 yrs

A. Palanichamy

TITLE
General Manager of Human Resources & Administration and General Manager of Corporate Affairs

V. Krishnan

TITLE
General Manager of QA - Sales & Marketing
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the SKM Egg Products Export (India) board of directors in years:

13.5
Average Tenure
66.5
Average Age
  • The average tenure for the SKM Egg Products Export (India) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

S. K. M. ShivKumar

TITLE
CEO, MD & Executive Director
COMPENSATION
₹4M
AGE
50
TENURE
13.1 yrs

L. Ramakrishnan

TITLE
Independent Director
COMPENSATION
₹4K
AGE
77
TENURE
22.4 yrs

S. Maeilanandhan

TITLE
Founder & Executive Chairman
COMPENSATION
₹3M
AGE
75
TENURE
13.1 yrs

Marutha Chinnian

TITLE
Independent Director
COMPENSATION
₹4K
AGE
79
TENURE
22.4 yrs

P. Kumarasamy

TITLE
Independent Director
COMPENSATION
₹4K
AGE
84
TENURE
22.4 yrs

S. Venkatachalapathy

TITLE
Non-Executive Director
COMPENSATION
₹4K
AGE
80
TENURE
22.4 yrs

Bangaru Ramakrishnan

TITLE
Nominee Director
COMPENSATION
₹1,000
AGE
55
TENURE
14 yrs

Shivkumar Kumutaavalli

TITLE
Non-Executive Director
COMPENSATION
₹4K
AGE
46
TENURE
8.8 yrs

Devarajan Chinnusamy

TITLE
Independent Director
COMPENSATION
₹2K
AGE
58
TENURE
6.9 yrs

Doraisamy Venkateswaran

TITLE
Independent Director
COMPENSATION
₹3K
AGE
57
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SKM Egg Products Export (India) individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
28. Jun 19 Buy S. Venkatachalapathy Individual 26. Jun 19 27. Jun 19 4,000 ₹54.08 ₹216,317
26. Jun 19 Buy S. Venkatachalapathy Individual 24. Jun 19 25. Jun 19 1,500 ₹39.86 ₹59,792
24. Jun 19 Buy S. Venkatachalapathy Individual 21. Jun 19 21. Jun 19 1,000 ₹39.27 ₹39,271
21. Jun 19 Buy S. Venkatachalapathy Individual 19. Jun 19 20. Jun 19 2,000 ₹38.51 ₹77,013
19. Jun 19 Buy S. Venkatachalapathy Individual 17. Jun 19 18. Jun 19 1,000 ₹37.28 ₹37,276
27. Oct 18 Buy S. K. M. ShivKumar Individual 26. Oct 18 26. Oct 18 9,000 ₹67.06 ₹603,530
24. Oct 18 Buy S. K. M. ShivKumar Individual 23. Oct 18 23. Oct 18 8,000 ₹62.86 ₹502,856
18. Oct 18 Buy S. K. M. ShivKumar Individual 16. Oct 18 17. Oct 18 9,000 ₹70.20 ₹631,806
13. Oct 18 Buy S. K. M. ShivKumar Individual 12. Oct 18 12. Oct 18 5,000 ₹64.93 ₹324,653
12. Oct 18 Sell S. K. M. ShivKumar Individual 11. Oct 18 11. Oct 18 -200 ₹67.82 ₹-13,564
12. Oct 18 Buy S. K. M. ShivKumar Individual 11. Oct 18 11. Oct 18 7,000 ₹60.26 ₹421,835
10. Oct 18 Buy S. K. M. ShivKumar Individual 09. Oct 18 09. Oct 18 15,375 ₹56.54 ₹869,358
09. Oct 18 Buy S. K. M. ShivKumar Individual 08. Oct 18 08. Oct 18 1,625 ₹56.88 ₹92,436
06. Oct 18 Buy S. K. M. ShivKumar Individual 05. Oct 18 05. Oct 18 7,000 ₹55.72 ₹390,064
05. Oct 18 Buy S. K. M. ShivKumar Individual 04. Oct 18 04. Oct 18 18,000 ₹53.40 ₹961,186
04. Oct 18 Buy S. K. M. ShivKumar Individual 03. Oct 18 03. Oct 18 15,000 ₹56.73 ₹850,887
03. Oct 18 Buy S. Venkatachalapathy Individual 01. Oct 18 01. Oct 18 5,000 ₹54.82 ₹274,100
29. Sep 18 Buy S. Venkatachalapathy Individual 28. Sep 18 28. Sep 18 5,000 ₹61.01 ₹305,064
28. Sep 18 Buy S. Venkatachalapathy Individual 27. Sep 18 27. Sep 18 7,000 ₹67.62 ₹473,340
25. Sep 18 Buy S. Venkatachalapathy Individual 24. Sep 18 24. Sep 18 7,000 ₹73.28 ₹512,972
X
Management checks
We assess SKM Egg Products Export (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SKM Egg Products Export (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is SKM Egg Products Export (India) Limited's (NSE:SKMEGGPROD) High P/E Ratio A Problem For Investors?

Check out our latest analysis for SKM Egg Products Export (India) How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for SKM Egg Products Export (India): P/E of 21.32 = ₹39.45 ÷ ₹1.85 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NSEI:SKMEGGPROD Price Estimation Relative to Market, June 27th 2019 Its relatively high P/E ratio indicates that SKM Egg Products Export (India) shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD) Delivered A Weaker ROE Than Its Industry

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SKM Egg Products Export (India): 5.0% = ₹49m ÷ ₹972m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … How Does Debt Impact Return On Equity? … Combining SKM Egg Products Export (India)'s Debt And Its 5.0% Return On Equity While SKM Egg Products Export (India) does have some debt, with debt to equity of just 0.44, we wouldn't say debt is excessive.

Simply Wall St -

Estimating The Intrinsic Value Of SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD)

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (₹, Millions) ₹86.18 ₹95.26 ₹104.45 ₹113.86 ₹123.62 ₹133.84 ₹144.62 ₹156.05 ₹168.22 ₹181.21 Growth Rate Estimate Source Est @ 11.82% Est @ 10.54% Est @ 9.64% Est @ 9.01% Est @ 8.57% Est @ 8.27% Est @ 8.05% Est @ 7.9% Est @ 7.8% Est @ 7.72% Present Value (₹, Millions) Discounted @ 14.43% ₹75.31 ₹72.75 ₹69.71 ₹66.41 ₹63.01 ₹59.62 ₹56.29 ₹53.08 ₹50.00 ₹47.07 Present Value of 10-year Cash Flow (PVCF)= ₹613.25m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 14.4%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = ₹181m × (1 + 7.6%) ÷ (14.4% – 7.6%) = ₹2.8b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = ₹₹2.8b ÷ ( 1 + 14.4%)10 = ₹735.86m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is ₹1.35b.

Simply Wall St -

The SKM Egg Products Export (India) (NSE:SKMEGGPROD) Share Price Has Gained 244%, So Why Not Pay It Some Attention?

See our latest analysis for SKM Egg Products Export (India) In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During five years of share price growth, SKM Egg Products Export (India) actually saw its EPS drop 7.5% per year. … We note that for SKM Egg Products Export (India) the TSR over the last 5 years was 253%, which is better than the share price return mentioned above.

Simply Wall St -

How Financially Strong Is SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD)?

SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD) is a small-cap stock with a market capitalization of ₹1.3b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

How Much Are SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD). … The Last 12 Months Of Insider Transactions At SKM Egg Products Export (India). … In the last twelve months there was more buying than selling by SKM Egg Products Export (India) insiders

Simply Wall St -

How Much Of SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD) Do Insiders Own?

A look at the shareholders of SKM Egg Products Export (India) Limited (NSE:SKMEGGPROD) can tell us which group is most powerful. … With a market capitalization of ₹1.5b, SKM Egg Products Export (India) is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for SKM Egg Products Export (India)

Simply Wall St -

Here's What SKM Egg Products Export (India) Limited's (NSE:SKMEGGPROD) P/E Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at SKM Egg Products Export (India) Limited's (NSE:SKMEGGPROD) P/E ratio and reflect on what it tells us about the company's share price. … SKM Egg Products Export (India) has a price to earnings ratio of 98.27, based on the last twelve months.

Simply Wall St -

How Should Investors React To SKM Egg Products Export (India) Limited's (NSE:SKMEGGPROD) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for SKM Egg Products Export (India). … ShivKumar's Compensation Compare With Similar Sized Companies?.

Simply Wall St -

What You Must Know About SKM Egg Products Export (India) Limited's (NSE:SKMEGGPROD) Beta Value

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Company Info

Description

SKM Egg Products Export (India) Limited manufactures and supplies egg products in India and internationally. The company offers various egg powders, including whole egg powder, egg yolk powder, and egg albumen powder for use in bakery, pasta, noodles, and meat and fish products, as well as in mayonnaise. It also provides bakery mix products for use in cheese cakes, biscuits, cakes, sponge cakes, Swiss rolls, etc.; and liquid eggs comprising whole egg liquids, egg yolk liquids, egg albumen liquids, and customized egg liquids for use in cakes, meringues, noodles, mayonnaise, bakeries, fine food, ice-creams, cosmetics, confectionery, and pastries. SKM Egg Products Export (India) Limited was incorporated in 1995 and is based in Erode, India.

Details
Name: SKM Egg Products Export (India) Limited
SKMEGGPROD
Exchange: NSEI
Founded: 1995
₹967,627,500
26,330,000
Website: http://www.skmegg.com
Address: SKM Egg Products Export (India) Limited
13, 133/1,GandhijiRoad,
Erode,
Tamil Nadu, 638001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SKMEGGPROD Equity Shares National Stock Exchange of India IN INR 12. Apr 1997
BSE 532143 Equity Shares Mumbai Stock Exchange IN INR 12. Apr 1997
Number of employees
Current staff
Staff numbers
187
SKM Egg Products Export (India) employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:45
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.