Milkfood Ltd

Milkfood Ltd

₹ 521 -0.39%
27 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

  • Market Cap 267 Cr.
  • Current Price 521
  • High / Low 685 / 490
  • Stock P/E 41.5
  • Book Value 268
  • Dividend Yield 0.48 %
  • ROCE 9.29 %
  • ROE 7.41 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 48.0 to 24.9 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.98% over past five years.
  • Company has a low return on equity of 4.19% over last 3 years.
  • Promoter holding has decreased over last 3 years: -16.1%

* 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

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
110.77 100.48 71.02 61.69 90.48 92.97 80.15 103.40 150.40 133.45 94.46 105.80 114.98
106.11 95.75 68.66 59.12 86.48 88.93 79.43 96.68 142.58 124.93 94.82 99.96 108.36
Operating Profit 4.66 4.73 2.36 2.57 4.00 4.04 0.72 6.72 7.82 8.52 -0.36 5.84 6.62
OPM % 4.21% 4.71% 3.32% 4.17% 4.42% 4.35% 0.90% 6.50% 5.20% 6.38% -0.38% 5.52% 5.76%
0.07 0.05 0.09 2.83 0.26 0.01 0.08 3.24 0.37 0.14 3.74 2.57 0.02
Interest 2.02 1.74 1.86 1.86 1.89 1.71 1.75 2.06 2.65 3.30 3.47 3.37 3.33
Depreciation 2.15 2.19 2.23 1.04 1.50 1.77 1.49 1.54 1.68 1.65 1.72 1.72 1.69
Profit before tax 0.56 0.85 -1.64 2.50 0.87 0.57 -2.44 6.36 3.86 3.71 -1.81 3.32 1.62
Tax % 1.79% 38.82% 0.00% 0.00% 0.00% -207.02% 25.00% 22.48% 15.28% 8.63% 23.76% -3.92% 27.78%
0.55 0.52 -1.64 2.50 0.87 1.75 -1.83 4.93 3.27 3.39 -1.38 3.45 1.17
EPS in Rs 1.13 1.06 -3.36 5.12 1.78 3.58 -3.75 10.09 6.69 6.94 -2.82 7.06 2.28
Raw PDF
Upcoming result date: 30 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
305 335 431 371 373 389 491 531 551 368 316 467 449
287 319 427 355 352 368 465 503 527 348 303 444 428
Operating Profit 17 17 4 16 21 21 26 28 25 20 13 24 21
OPM % 6% 5% 1% 4% 6% 5% 5% 5% 4% 5% 4% 5% 5%
0 0 16 2 2 -4 0 0 1 0 3 4 6
Interest 11 12 11 9 13 12 10 8 8 8 7 10 13
Depreciation 5 4 6 6 9 5 6 7 8 9 7 6 7
Profit before tax 1 1 3 2 2 -0 10 13 9 3 2 11 7
Tax % 59% 31% 57% 42% 39% -1,150% 16% 23% 4% 25% -51% 15%
1 1 1 1 1 -1 8 10 8 2 3 10 7
EPS in Rs 1.19 1.37 2.41 2.03 1.90 -2.05 16.70 20.94 17.17 4.99 7.14 19.95 13.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: -1%
3 Years: -5%
TTM: 5%
Compounded Profit Growth
10 Years: 30%
5 Years: 3%
3 Years: 4%
TTM: -21%
Stock Price CAGR
10 Years: 20%
5 Years: 4%
3 Years: 14%
1 Year: -11%
Return on Equity
10 Years: 0%
5 Years: 6%
3 Years: 4%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 27 28 29 30 31 85 93 103 112 114 118 128 133
84 86 81 83 94 85 71 59 76 73 73 122 124
83 86 105 113 74 93 90 115 108 118 109 74 61
Total Liabilities 199 204 220 231 204 268 259 283 300 309 304 329 322
81 94 100 101 107 165 163 166 183 184 184 190 189
CWIP 8 0 2 1 2 2 1 2 2 2 5 0 0
Investments 4 4 0 0 0 0 0 0 0 0 0 0 0
106 107 117 128 95 101 94 115 116 124 115 139 133
Total Assets 199 204 220 231 204 268 259 283 300 309 304 329 322

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16 20 22 6 40 27 27 34 20 13 14 -30
-11 -10 -8 -6 -16 -9 -5 -10 -22 -8 -5 -7
-5 -11 -13 1 -25 -19 -23 -20 0 -7 -8 36
Net Cash Flow 0 -1 0 1 -0 -1 -0 4 -2 -2 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 6 11 7 15 17 15 4 15 22 53 66 25
Inventory Days 123 100 82 104 76 84 63 56 46 40 29 63
Days Payable 64 35 41 46 24 28 28 37 25 34 23 39
Cash Conversion Cycle 65 76 47 73 69 71 39 35 43 59 72 49
Working Capital Days 52 59 40 64 51 54 31 31 33 77 94 62
ROCE % 11% 11% 12% 10% 11% 11% 12% 13% 9% 6% 5% 9%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.84% 63.84% 63.84% 63.84% 63.84% 63.84% 50.11% 50.11% 50.11% 50.13% 47.74% 47.74%
7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.28% 7.28%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
28.47% 28.47% 28.46% 28.46% 28.46% 28.46% 42.20% 42.20% 42.19% 42.16% 44.92% 44.92%
No. of Shareholders 4,4544,5194,3534,3884,3994,4354,4104,3164,3404,3554,5234,730

* 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.

Click on the line-items to see the names of individual entities.

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