Milkfood Ltd

₹ 68.4 4.05%

22 May - close price

About

Incorporated in 1973, Milkfood Ltd manufactures and sells dairy products^[1]

Key Points

Business Overview:^[1]
MFL is a part of the Jagatjit Group of Industries. It carries ISO 22000:2005, ISO 14001:2004, Kosher and other important food & safety certification in milk and milk based products

Website BSE

Market Cap ₹ 167 Cr.
Current Price ₹ 68.4
High / Low ₹ 88.0 / 44.0
Stock P/E 3.77
Book Value ₹ 69.3
Dividend Yield 0.91 %
ROCE 24.1 %
ROE 25.1 %
Face Value ₹ 5.00

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Pros

Stock is trading at 0.99 times its book value
Company has delivered good profit growth of 78.7% CAGR over last 5 years

Cons

The company has delivered a poor sales growth of 2.34% over past five years.
Company has a low return on equity of 10.8% over last 3 years.
Earnings include an other income of Rs.71.7 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Dairy Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	133	94	106	115	122	96	80	113	158	74	74	86	179
	125	95	100	108	114	90	74	110	150	75	76	80	176
Operating Profit	9	-0	6	7	8	6	6	3	8	-1	-2	6	3
OPM %	6%	-0%	6%	6%	6%	6%	7%	3%	5%	-1%	-3%	7%	2%
	0	4	3	0	3	0	0	1	1	6	0	0	66
Interest	3	3	3	3	3	3	3	1	3	3	3	4	3
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	1
Profit before tax	4	-2	3	2	6	1	1	2	4	-1	-8	1	65
Tax %	9%	-24%	-4%	28%	32%	42%	22%	64%	34%	0%	0%	-32%	20%
	3	-1	3	1	4	1	1	1	2	-1	-8	1	51
EPS in Rs	1.73	-0.70	1.76	0.57	1.88	0.24	0.37	0.26	0.99	-0.28	-3.22	0.58	21.09
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Upcoming result date: today

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	371	373	389	491	531	551	368	316	467	437	448	413
	355	352	368	465	503	527	348	303	444	417	424	407
Operating Profit	16	21	21	26	28	25	20	13	24	20	24	6
OPM %	4%	6%	5%	5%	5%	4%	5%	4%	5%	4%	5%	2%
	2	2	-4	0	0	1	0	3	4	9	2	72
Interest	9	13	12	10	8	8	8	7	10	14	11	14
Depreciation	6	9	5	6	7	8	9	7	6	7	7	7
Profit before tax	2	2	-0	10	13	9	3	2	11	9	8	57
Tax %	42%	39%	1,150%	16%	23%	4%	25%	-51%	15%	19%	40%	22%
	1	1	-1	8	10	8	2	3	10	7	5	44
EPS in Rs	0.51	0.47	-0.51	4.16	5.22	4.28	1.24	1.78	4.97	3.46	1.85	18.17
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	13%	18%	67%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	2%
3 Years:	-4%
TTM:	-8%

Compounded Profit Growth
10 Years:	47%
5 Years:	79%
3 Years:	67%
TTM:	900%

Stock Price CAGR
10 Years:	5%
5 Years:	-5%
3 Years:	-23%
1 Year:	-19%

Return on Equity
10 Years:	8%
5 Years:	9%
3 Years:	11%
Last Year:	25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5	5	5	5	5	5	5	5	5	5	12	12
Reserves	30	31	85	93	103	112	114	118	128	170	164	157
	83	94	85	71	59	76	73	73	122	116	118	128
	113	74	93	90	115	108	118	109	74	80	81	68
Total Liabilities	231	204	268	259	283	300	309	304	329	371	375	365
	101	107	165	163	166	183	184	184	190	222	226	225
CWIP	1	2	2	1	2	2	2	5	0	0	0	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	128	95	101	94	115	116	124	115	139	149	149	139
Total Assets	231	204	268	259	283	300	309	304	329	371	375	365

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6	40	27	27	34	20	13	14	-30	20	19
	-6	-16	-9	-5	-10	-22	-8	-5	-7	1	-4
	1	-25	-19	-23	-20	0	-7	-8	36	-21	-15
Net Cash Flow	1	-0	-1	-0	4	-2	-2	0	-1	0	0
Free Cash Flow	-1	24	18	23	24	-2	6	8	-37	21	15
CFO/OP	36%	190%	126%	110%	129%	92%	71%	118%	-114%	102%	98%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	15	17	15	4	15	22	53	66	25	64	67
Inventory Days	104	76	84	65	56	46	40	29	63	34	34
Days Payable	46	24	28	29	37	25	34	23	39	54	52
Cash Conversion Cycle	73	69	71	40	35	43	59	72	49	44	48
Working Capital Days	5	-7	1	-6	2	0	20	30	23	20	16
ROCE %	10%	11%	11%	12%	13%	9%	6%	5%	9%	7%	6%

Insights

In beta

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Mar 2025

Secondary Fuel Consumption (Rice Husk/Buggase/Wood etc)
MT

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Installed Capacity - Butter
MTPA

Installed Capacity - Ghee
MTPA

Installed Capacity - Skimmed Milk Powder
MTPA

Production/Purchases Volume - Ghee
MT

Production/Purchases Volume - Milk Powder
MT

Sales Volume - Ghee
MT

Sales Volume - Milk Powder
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	50.11%	50.13%	47.74%	47.74%	56.03%	56.03%	56.03%	56.03%	56.03%	56.03%	56.03%	56.03%
	7.64%	7.64%	7.28%	7.28%	2.67%	1.00%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.06%	0.06%	0.06%	0.06%	0.05%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	42.19%	42.16%	44.92%	44.92%	41.24%	42.94%	43.80%	43.95%	43.94%	43.93%	43.95%	43.93%
No. of Shareholders	4,340	4,355	4,523	4,730	7,490	11,632	11,453	11,362	11,126	11,021	10,766	10,498

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61.62%	61.59%	61.59%	63.84%	63.84%	63.84%	63.84%	63.84%	50.11%	47.74%	56.03%	56.03%
	3.83%	3.83%	5.43%	5.43%	6.63%	7.69%	7.64%	7.64%	7.64%	7.28%	0.00%	0.00%
	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.02%	0.02%
	34.48%	34.53%	32.92%	30.68%	29.47%	28.42%	28.47%	28.46%	42.20%	44.92%	43.95%	43.93%
No. of Shareholders	4,555	4,807	4,449	4,484	4,339	4,067	4,369	4,388	4,316	4,730	11,362	10,498

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Milkfood Ltd

Milkfood Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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