SKM Egg Products Export (India) Limited (SKMEGGPROD)
₹208.01 -1.40% last close, 16 Oct
Q2 FY27 results
📅 Next results: 23 Oct 2026 (board meeting)SKM Egg Products Export (India) Limited's board meets on 23 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, SKM Egg's revenue was ₹184 Cr (+4.9% year on year, -1.5% on the previous quarter), and net profit ₹23.8 Cr (+46.3% year on year); the operating margin was 16.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹184 | +4.9% | -1.5% |
| Operating profit | ₹31.2 | +25.9% | -40.0% |
| Net profit | ₹23.8 | +46.3% | -27.8% |
| EPS (₹) | 4.53 | +46.6% | -27.1% |
| Operating margin | 16.9% | — | — |
EPS restated for the ₹10 to ₹5 split of Jan 2026: Q1 FY26 ₹6.18 to ₹3.09.
SKMEGGPROD delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 58.96% of the SKMEGGPROD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 52.66%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 49.0% · 46.3% · 46.6% · 56.0% · 59.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
SKM Egg Products Export (India) Limited released the minutes of its 31st Annual General Meeting held on September 18, 2026. Shareholders approved all resolutions, including a final dividend of ₹1.25 per share (25% on face value of ₹5) for FY26. Members also approved increasing the company's authorised share capital to ₹50 crore (divided into 10 crore equity shares of ₹5 each). Additionally, shareholders sanctioned an increase in borrowing powers under Section 180(1)(c) up to ₹1,000 crore, significantly above its current debt of ₹141 crore.
- Approved final dividend of ₹1.25 per share (25%) on equity shares of face value ₹5 each for FY26
- Authorised share capital increased to ₹50,00,00,000 divided into 10,00,00,000 equity shares of ₹5 each
- Borrowing limit enhanced up to ₹1000 Crore under Section 180(1)(c)
- Adopted audited financial statements for the year ended 31st March 2026
- Re-appointed Smt. S Kumutaavalli as Non-Executive Director retiring by rotation
SKM Egg Products Export (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026. It confirms that share certificates received for dematerialisation during the period were processed and listed on the respective stock exchanges. This is a standard quarterly regulatory filing with no impact on business operations or financials.
- Compliance submission under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Applies to the quarter ended September 30, 2026
- Certificate issued by RTA MUFG Intime India Private Limited on October 3, 2026
- Company filing completed on October 7, 2026
SKM Egg Products Export (India) Limited disclosed its Scrutinizer's report following the 31st AGM held on September 18, 2026. All 8 resolutions, including the adoption of FY26 financials and declaration of dividend, were passed with requisite majority. Key special resolutions approved included an increase in borrowing powers of the Board (passed with 99.92% approval) and the appointment of Mr. SKM Maeilanandhan as Chairman Emeritus (99.01% approval). The company closed FY26 with a net profit of ₹104.09 Cr and holds total debt of ₹141 Cr.
- Increase in borrowing powers approved with 99.92% votes in favour (26,781,179 votes).
- Appointment of Mr. SKM Maeilanandhan as Chairman Emeritus approved with 99.01% votes in favour (26,523,169 votes).
- FY26 dividend declaration approved with 99.99% votes in favour (26,786,119 votes).
- Adoption of financial statements passed with 99.99% voting in favour.
SKM Egg Products Export (India) Limited held its 31st Annual General Meeting on September 18, 2026. Key business items transacted included the adoption of FY26 financials and declaration of a final dividend of ₹1.25 per equity share (face value ₹5). Special business resolutions covered an increase in authorised share capital, amendments to the Memorandum and Articles of Association, increased borrowing powers, and the appointment of Mr. SKM Maeilanandhan as Chairman Emeritus. Detailed voting results will be published within 48 hours.
- Declared a final dividend of ₹1.25 per equity share of face value ₹5 for FY 2025-26
- 31st AGM conducted via Video Conferencing on September 18, 2026 (10:00 AM to 10:51 AM)
- Remote e-voting was held from September 15, 2026 (10:00 AM) to September 17, 2026 (5:00 PM)
- Tabled special resolutions to increase Authorised Share Capital and hike borrowing powers of the Board
- Consolidated voting and scrutinizer results to be declared within 48 hours
SKM Egg Products Export (India) Limited has scheduled its 31st AGM for September 18, 2026, via video conferencing. Shareholders will vote on declaring a final dividend of ₹1.25 per share (face value ₹5) for FY26. Key special resolutions include expanding the company's borrowing limit to ₹1,000 crore (compared to existing debt of ₹141 crore) and increasing authorized share capital to ₹50 crore (10 crore shares of ₹5 each). The cut-off date for e-voting eligibility is set for September 11, 2026.
- Proposed final dividend of ₹1.25 per equity share (FV ₹5) for FY26
- Special resolution to increase borrowing powers under Section 180(1)(c) up to ₹1,000 crore
- Proposal to increase Authorised Share Capital to ₹50 crore divided into 10 crore equity shares of ₹5 each
- Remote e-voting window runs from September 15 to September 17, 2026, with cut-off on September 11, 2026
- Appointment of Mr. SKM Maeilanandhan as Chairman Emeritus w.e.f. June 25, 2026
CARE Ratings has reaffirmed the credit ratings for SKM Egg Products Export (India) Limited's bank facilities totaling Rs 197.82 crore. Long-term bank facilities of Rs 37.82 crore (reduced from Rs 45.25 crore) and long/short-term facilities of Rs 90.00 crore were reaffirmed at 'CARE A-; Stable'. Short-term bank facilities of Rs 70.00 crore were reaffirmed at 'CARE A2+'. The reaffirmation reflects continued financial stability, consistent with the company's low leverage (D/E of 0.36) and Rs 396 crore net worth.
- Long-term bank facilities reaffirmed at CARE A-; Stable on reduced quantum of Rs 37.82 crore (down from Rs 45.25 crore)
- Long-term / Short-term bank facilities of Rs 90.00 crore reaffirmed at CARE A-; Stable / CARE A2+
- Short-term bank facilities of Rs 70.00 crore reaffirmed at CARE A2+
- Total rated bank facilities stand at Rs 197.82 crore
SKM Egg Products Export (India) Limited has fixed September 11, 2026, as the record date for a final dividend of ₹1.25 per equity share for FY 2025-26. This follows the board's recommendation on July 29, 2026, and is subject to shareholder approval at the upcoming 31st Annual General Meeting. At the current market price of ₹240.8, this represents a dividend yield of approximately 0.52%. The company reported a strong FY26 with a net profit of ₹104.09 Cr, up significantly from ₹34.6 Cr in FY25.
- Final dividend of ₹1.25 per equity share of ₹5 face value recommended for FY 2025-26.
- Record date for determining shareholder eligibility is fixed as September 11, 2026.
- Dividend payment will be processed within 30 days from the date of declaration at the 31st AGM.
- Company achieved TTM PAT of ₹104.09 Cr and TTM EPS of ₹33.20 as of March 2026.
SKM Egg Products Export (India) Limited has scheduled its 31st Annual General Meeting (AGM) for September 18, 2026, via video conferencing. The company has also announced a book closure period from September 12 to September 18, 2026, to determine eligibility for the FY 2025-26 dividend. This follows a strong financial performance in FY26, where the company reported a revenue of ₹768.34 Cr and a PAT of ₹104.09 Cr. The meeting will serve as the formal platform for shareholders to approve the final dividend and review the year's performance.
- 31st Annual General Meeting scheduled for September 18, 2026
- Book closure period of 7 days from September 12, 2026, to September 18, 2026
- Dividend for FY 2025-26 to be declared and approved at the upcoming AGM
- FY26 PAT stood at ₹104.09 Cr, a significant increase from ₹34.6 Cr in FY25
SKM Egg Products is executing a ₹70 Cr capex for Environment Controlled (EC) sheds and a biogas plant, aimed at reducing production costs by at least 5% through improved bird productivity and feed efficiency. The company expects its domestic branded egg segment (SKM Best Eggs) to contribute ₹40-50 Cr to revenue in the current fiscal year following a recent merger. Management is targeting a rollout across five Indian locations by the end of FY27 to reduce export dependency. While currently operating at near-full capacity, the full benefits of the EC shed expansion are slated for completion by Nov-Dec 2028.
- ₹70 Cr investment in EC sheds and Biogas plant to drive sustainability and efficiency.
- 5% minimum reduction in egg production costs expected from the transition to EC sheds.
- ₹40-50 Cr revenue contribution projected from the domestic branded egg segment this year.
- Nov-Dec 2028 targeted for the completion of the mega expansion of EC sheds for 20 lakh birds.
- Branded egg business model being designed for 5 major Indian locations by end of FY.
SKM Egg Products has released the audio recording of its investor meeting held on July 29, 2026. This follows a strong financial performance in FY26, where the company reported a revenue of ₹768.34 crore and a PAT of ₹104.09 crore. The company is currently focused on a ₹70 crore capex project for EC sheds and a Bio-gas plant to improve productivity. Management is targeting a revenue milestone of ₹1,000 crore by expanding domestic sales and diversifying export markets beyond Japan and Russia.
- Investor meeting recording from July 29, 2026, is now available on the company website.
- Company reported FY26 revenue of ₹768.34 crore, a 54% increase over FY25's ₹497.83 crore.
- Ongoing ₹70 crore capex for EC sheds represents approximately 17.7% of the company's net worth (₹396 crore).
- Customer concentration improved with the top 10 clients contributing 32% of sales in FY25 versus 52% in FY24.
- Operating profit margin (OPM) stood at 20.4% for the trailing twelve months (TTM).
SKM Egg Products reported a strong start to FY27 with consolidated net profit rising 46.3% YoY to ₹23.82 Cr. While revenue growth was modest at 4.9% YoY (₹184.26 Cr), profitability was significantly enhanced by a 5.6% reduction in raw material costs. The board has recommended a final dividend of ₹1.25 per share (25% of face value). Standalone operating profit margins showed healthy expansion, rising 33% YoY to ₹38.70 Cr.
- Consolidated Net Profit increased 46.3% YoY to ₹23.82 Cr from ₹16.28 Cr.
- Revenue from operations grew 4.9% YoY to ₹184.26 Cr.
- Recommended a final dividend of ₹1.25 per equity share of face value ₹5.
- Cost of materials consumed decreased by 5.6% YoY to ₹108.46 Cr despite higher sales.
- Standalone Operating Profit rose 33% YoY to ₹38.70 Cr.
SKM Egg Products Export (India) Limited has scheduled a virtual group meeting for analysts and institutional investors on July 29, 2026, at 4:30 PM IST. This interaction comes at a time when the company has reported a TTM revenue of ‑768 Cr and a robust ROCE of 30.0%. The management is expected to discuss general business operations, though the filing explicitly states that no unpublished price sensitive information (UPSI) will be shared. Investors should note the company's recent growth trajectory, with the stock price returning 112.3% over the last 12 months.
- Investor meeting scheduled for July 29, 2026, at 4:30 PM IST via Webex.
- Company reported TTM revenue of ‑768 Cr and TTM PAT of ‑104 Cr.
- Current market capitalization stands at ‑1,006 Cr with a P/E ratio of 9.7.
- The company is currently executing a ‑70 Cr capex project for EC sheds and a Bio-gas plant.
- Promoter holding remains stable at 57.47% as of March 2026.
SKM Egg Products Export (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing, confirmed by its Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, covers the quarter ended June 30, 2026. It verifies that physical share certificates received for dematerialization were processed, cancelled, and the depository's name was updated in the register of members within prescribed timelines. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA MUFG Intime India Private Limited confirmed all dematerialization requests were processed
- Physical certificates were mutilated and cancelled after due verification by the depository participant
- Register of members updated with depository names as the registered owner within prescribed timelines
SKM Egg Products Export (India) Limited has responded to an NSE clarification request regarding recent significant movements in its stock price and trading volume. The company stated that all necessary disclosures under SEBI Regulation 30 have been made and no material information is being withheld. Management attributed the price volatility, which includes a 96% return over the last three months, purely to market-driven conditions. This response is a standard regulatory procedure following sharp price fluctuations in a relatively short period.
- Company confirmed no undisclosed material information or impending announcements exist as of July 01, 2026
- Stock has delivered a 96.0% price return over the trailing 3-month period
- Management maintains that price and volume behavior is purely market-driven
- Company continues to focus on its Rs 70 Cr capex for EC sheds and Bio-gas plant to improve productivity
SKM Egg Products Export (India) Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. This is a routine administrative filing and does not impact the company's operational fundamentals.
- Trading window closure begins on July 1, 2026, for the quarter ending June 30, 2026.
- The restriction applies to all Directors, connected persons, and Designated persons of the company.
- The window will reopen 48 hours after the public announcement of the unaudited financial results.
- The company currently maintains a TTM revenue of Rs 768 Cr and a TTM PAT of Rs 104 Cr.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations for FY25 was INR 497.83 Cr, a 27.8% decrease from INR 689.95 Cr in FY24. However, Q2 FY26 standalone revenue grew 64.9% YoY to INR 206.21 Cr from INR 125.02 Cr in Q2 FY25.
Geographic Revenue Split
Japan and Russia are the primary export markets, together accounting for 45% of total export sales in FY25, down slightly from 46% in FY24.
Profitability Margins
Net profit margin for FY25 was 6.5% (INR 32.99 Cr profit on INR 507.40 Cr total income), a significant decline from 12.4% in FY24. Q2 FY26 standalone net profit grew 129.2% YoY to INR 20.58 Cr.
EBITDA Margin
The company targets a sustained PBILDT margin above 15%. FY25 PBT margin stood at 9.2% (INR 46.94 Cr on INR 507.40 Cr total income).
Capital Expenditure
Planned capex of INR 70 Cr for Environmental Controlled (EC) sheds and a Bio-gas plant, with INR 33.13 Cr incurred in FY25, of which INR 9.69 Cr was for plant and machinery.
Credit Rating & Borrowing
CARE Ratings assigned a 'Stable' outlook with interest coverage at 15.39x and TD/GCA at 0.95x as of FY23. Financial costs for H1 FY26 were INR 6.41 Cr.
Operational Drivers
Raw Materials
Primary raw materials are eggs and poultry feed, with material costs representing 57.7% of standalone revenue (INR 119.08 Cr) in Q2 FY26.
Import Sources
Raw materials are primarily sourced locally from Tamil Nadu and surrounding regions to support integrated operations.
Key Suppliers
Sourced from local poultry farms and feed manufacturers; specific supplier names are not disclosed in available documents.
Capacity Expansion
Historical installed capacity was 6,900 MT. Current expansion involves a INR 70 Cr project for EC sheds and a Bio-gas plant expected to be completed by Q1FY25.
Raw Material Costs
Cost of materials consumed was INR 310.12 Cr in FY25, representing 62.3% of consolidated revenue.
Manufacturing Efficiency
Quantity sold in FY25 was 9,620 Tons, an 8% decrease from 10,455 Tons in FY24.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Scaling to > INR 1,000 Cr revenue by expanding domestic sales of liquid egg products and frozen egg albumen, diversifying export markets beyond Japan and Russia, and completing the INR 70 Cr capex for EC sheds to improve bird productivity.
Products & Services
Egg powder (whole, yolk, albumen), liquid egg, and frozen egg albumen blends used in bakery, confectionery, noodles, pasta, and meat products.
Brand Portfolio
SKM Egg Products.
New Products/Services
Liquid egg products and frozen egg albumen specifically targeted at the domestic Indian market to reduce export dependency.
Market Expansion
Focusing on the domestic Indian market and adding new customers in non-traditional export geographies.
Strategic Alliances
Joint sector undertaking with Tamil Nadu Industrial Development Corporation Limited (TIDCO), which holds a 7.58% stake.
External Factors
Industry Trends
Shift toward integrated poultry models to ensure bio-safety and increasing demand for standardized, hygienic egg ingredients in global food processing.
Competitive Landscape
Competes with global egg powder manufacturers; profitability is highly sensitive to international price benchmarks.
Competitive Moat
30-year track record and integrated supply chain provide a durable cost and quality advantage over non-integrated exporters.
Consumer Behavior
Increasing preference for processed and convenience-based egg ingredients in the bakery and confectionery segments.
Geopolitical Risks
High revenue concentration in Japan and Russia (45%) exposes the company to geopolitical tensions and trade barriers in these regions.
Regulatory & Governance
Industry Regulations
Operations are subject to export health certifications and strict monitoring for Avian Influenza to maintain international market access.
Environmental Compliance
INR 70 Cr capex includes a Bio-gas plant for sustainable energy management and Environmental Controlled sheds.
Taxation Policy Impact
Effective tax rate of approximately 29.7% based on FY25 PBT of INR 46.94 Cr and Net Profit of INR 32.99 Cr.
Risk Analysis
Key Uncertainties
Vulnerability to bird flu outbreaks and international egg powder price volatility which can impact revenue by over 20%.
Geographic Concentration Risk
45% of export revenue is concentrated in Japan and Russia.
Third Party Dependencies
Dependency on local poultry farms for egg procurement, though integrated operations mitigate this risk.
Technology Obsolescence Risk
Low risk; company is upgrading to Environmental Controlled (EC) sheds to improve biological efficiency.
Credit & Counterparty Risk
Adequate liquidity with a current ratio of 2.01x and a target to maintain free cash/liquid investments above INR 30 Cr.
