1. Indonesia Stocks

  2. •

    Consumer non-durables

  3. •

    Food: meat/fish/dairy
PT Mulia Boga Raya Tbk

PT Mulia Boga Raya Tbk

IIDX:KEJU
585.00
IDR
-5.00
(-0.85%)
30.77EPS
17.71P/E
3.06TMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
128.7
140.18
152.31
212.21
170.88
185.3
185.67
181.27
224.82
267.79
300.67
Basic EPS, GAAP
5.04
7.62
12
21.26
21.51
25.72
20.87
14.28
26.12
31.9
30.77
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
8.65
45.09
30.13
- -
- -
20
14.14
13
- -
Book Value per Share
55.37
63.23
66.63
77.46
78.38
104.15
125.07
119.25
131.53
150.24
151.83
Tangible Book Value per Share
55.37
63.23
66.63
77.46
78.38
104.15
125.07
119.25
131.53
150.24
151.83
Basic Weighted Avg Shares
5,625
5,625
5,625
4,613
5,625
5,625
5,625
5,625
5,624
5,625
5,622
Sales/Revenue/Turnover
723,930
788,531
856,750
978,806
961,218
1,042,307
1,044,369
1,019,670
1,264,336
1,506,300
1,690,257
Operating Margin (%)
7.05
7.85
11.99
14.62
16.04
16.75
13.29
9.71
14.22
13.98
12.28
Depreciation Expense
2,117
2,260
2,142
1,873
2,479
3,027
7,531
7,241
2,473
1,420
407
Net Income, GAAP
28,350
42,877
67,479
98,048
121,000
144,700
117,371
80,342
146,881
179,447
172,958
Effective Tax Rate (%)
32.34
25.78
27.63
28.24
23.03
21
21.96
21.98
21.03
20.79
21.06
Profit Margin (%)
3.92
5.44
7.88
10.02
12.59
13.88
11.24
7.88
11.62
11.91
10.23
Working Capital
132,398
146,522
182,455
297,614
303,195
320,909
487,199
471,467
444,690
351,492
310,681
LT Debt
17,417
10,691
6,415
1,251
25,558
2,341
139
- -
- -
- -
80,000
Total Equity
311,478
355,689
374,785
435,694
440,901
585,826
703,506
670,773
739,868
845,087
853,174
Return on Invested Capital (%)
- -
11.96
16.58
21.75
24.78
24.69
16.27
11.08
19.58
20.49
18.21
Return on Capital (%)
- -
12.13
16.97
22.83
26.75
27
18.1
11.79
20.85
22.68
19.91
Return on Common Equity (%)
- -
12.85
18.48
24.19
27.61
28.19
18.21
11.69
20.82
22.64
20.99

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
20,000
LT Borrowings
- -
- -
80,000
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,625
5,619
5,619
Market Capitalization
3,825,000
2,978,185
3,062,473

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
756,233
788,342
713,052
Cash, Cash Equivalents & STI
258,775
290,580
166,673
Accounts Receivable, Net
159,873
181,937
220,134
Inventories
318,399
287,042
316,426
Total Current Liabilities
404,741
427,248
402,371
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
20,000
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.57%
14.22%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
14.83%
22.17%
Sales/Revenue/Turnover
- -
9.88%
19.14%
Total Cash Common Dividend
- -
- -
-8.02%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
339,086
268,272
331,827
325,151
1,264,336
2025
368,732
312,630
- -
417,530
1,506,300
2026
475,537
484,560
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.13
4.71
8.37
5.93
26.12
2025
9.88
6.38
- -
5.61
31.9
2026
9.9
8.88
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.14
2025
- -
- -
- -
- -
13
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Indrasena Patmawidjaja
Full Time Employees
315
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Gedung Wisma Garudafood Bekasi Indonesia 12240
IPO Date
Nov 25, 2019
Website
prochiz.com
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Business
PT Mulia Boga Raya Tbk is an Indonesia-based manufacturer specializing in processed cheese and mayonnaise products under the Prochiz brand. The company's core offerings include diverse cheese product categories such as block cheese, sliced cheese, spreadable cheese, cheddar varieties, mozzarella, and mayonnaise salad dressings. Key products under the Prochiz brand comprise Prochiz Premium Cheddar made from New Zealand milk, Prochiz Gold Cheddar, Prochiz Spready (spreadable cheese), Prochiz Quick Melt, and Prochiz Mozzarella. The company operates one main production facility in Cikarang, West Java, with an installed annual capacity of approximately 33,000 tonnes, primarily focused on cheese and mayonnaise production. Founded in 1988 with headquarters in Jakarta, PT Mulia Boga Raya Tbk is a subsidiary of PT Garudafood Putra Putri Jaya Tbk, leveraging operational and supply chain synergies within the Garudafood Group. The company primarily serves domestic markets in Indonesia and is expanding exports to ASEAN countries to capture international growth opportunities. In recent developments, PT Mulia Boga Raya Tbk announced a strategic investment of IDR 691.65 billion (approximately USD 44 million) to build a new state-of-the-art production facility in Sumedang, West Java, expected to double its production capacity to over 45,000 tonnes annually by 2028 to meet rising demand. The company reported a 24% year-on-year revenue increase in 2024, reaching IDR 1.26 trillion. It also executed a share buyback program in early 2025 and continues to optimize supply chain integration with its Garudafood parent to support growth momentum. PT Mulia Boga Raya Tbk maintains a focus on innovation, sustainability, and expanding its market footprint in the processed food sector, particularly in cheese products favored in Indonesian and regional markets. These strategic expansions and financial improvements underscore PT Mulia Boga Raya's commitment to strengthening its position as a leading processed cheese and food ingredient manufacturer in Indonesia and Southeast Asia.