Stock Market 101:: Why I am Investing in Stock - Mishtann Foods Ltd...

Hey All,

I am trying this new Stock Market 101 series; where I'll discuss the stocks I'm planning to buy or have already purchased, along with my overall strategy for each. Each post will cover the parameters I considered before choosing a stock. Today, I'll focus on Mishtann Foods Ltd and provide insights into why I chose it. Finally, I'll include a snapshot from my stock broker app showing the number of stocks I've purchased. So lets get started with the Stock Market 101 series - Mishtann Foods Ltd

Key points & Business Overview for Mishtann Foods Ltd

Established in 1981, Mishtann Foods Ltd specializes in the manufacturing and processing of rice, wheat, and other products. The company focuses on processing and packaging fast-moving consumer goods such as Basmati rice and wheat, while also engaging in the marketing and sale of pulses and salt. Altogether fits into the Sector - FMCG [Fast Moving Consumer Goods]. And an interesting point to note here is that at present, company has 15 Super Stockist in 10 states with 70000 plus Retailers. Lets now look at some numbers; here is the 1 Years Price movement chart of Mishtann Foods Ltd with 20 & 50 DMA (Day Moving Average); created a high of ₹ 26.4 and of ₹ 10

Mishtann Foods Ltd - Company Benefits

1. The company has decreased its debt.
2. The company is nearly debt-free.
3. The company's median sales growth averaged 98.1% over the last 10 years.

Mishtann Foods Ltd - Company Drawbacks

1. Promoter holding has declined by -1.44% over the last quarter.
2. The tax rate appears to be low.
3. The company has a high debtor turnover period of 168 days

Conclusion; My Key takeaways

1. The company stands well when compared to its peers who are::  LT Foods, Bikaji Foods & Others
2. FMCG sector is an ever growing sector that has demand always
3.  In FY24, the company inaugurated new facility in Uganda, Africa. LT Foods’ Organic Business Arm - Nature Bio Foods (NBF)
And finally  Mishtann Foods Ltd has a variety of Distribution Network spreading across General Trade, Modern Trade, HORECA, E-Commerce via 1,200+ distributors in India and 100+ distributors in international markets. It has 1,52,000 retail outlets in India; that's pretty impressive in itself. Considering all this research which I did; I thought it did be a good stock to be added to y stock portfolio and hence at the moment I bought 100 shares of it at an average price of Rs.17.98 per share. I will continue to track the stock and at every dip from here on its going to be purchase of Mishtann Foods Ltd stock from my side.... Happy Investing....cheers

Stock Market 101:: Why I am Investing in Stock - Mishtann Foods Ltd...

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Have Your Say On the Stock Mishtann Foods Ltd; ticker:: MISHTANN

Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Are you invested in the Stock Mishtann Foods Ltd? Short term Vs Long Term? Please let me know your views in the comment section below...cheers

Image Credits:: screener, pro canva, sharekha

Best Regards

PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.