Modern Dairies Ltd

₹ 36.9 5.98%

29 May - close price

moderndairies.com BSE: 519287

About

Incorporated in 1992, Modern Dairies
Ltd manufactures Milk and Milk products^[1]

Key Points

Business Overview:^[1]
a) Processing Capacity:
MDL commenced operations with an initial milk processing capacity of 3.25 lakh litres per day (LLPD).
b) Liquid Milk Arrangement:
The company has a strategic tie-up with Mother Dairy for the complete off-take of 2 LLPD.
c) Ghee Sales Channels:
Ghee is marketed through their own retail channel and also via bulk sales under the brand names Shweta and Modern Dairies
d) Institutional Supply Portfolio: **
The company supplies various milk derivatives—including skimmed milk powder, whole milk powder, mozzarella cheese, and casein—to institutional buyers.
e) Current Product Focus**:
The emphasis is currently on expanding the sale of fresh dairy products, cheese, and ghee.

Website BSE

Market Cap ₹ 105 Cr.
Current Price ₹ 36.9
High / Low ₹ 59.0 / 30.0
Stock P/E 21.5
Book Value ₹ 19.5
Dividend Yield 0.00 %
ROCE 13.7 %
ROE 10.2 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Promoter holding has increased by 4.86% over last quarter.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Contingent liabilities of Rs.531 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

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	80.92	83.12	80.60	99.95	97.83	94.43	73.84	88.76	91.06	78.30	81.96	87.48	92.18
	76.33	79.09	76.64	93.76	90.36	89.43	69.75	85.64	89.32	75.27	79.24	85.09	90.51
Operating Profit	4.59	4.03	3.96	6.19	7.47	5.00	4.09	3.12	1.74	3.03	2.72	2.39	1.67
OPM %	5.67%	4.85%	4.91%	6.19%	7.64%	5.29%	5.54%	3.52%	1.91%	3.87%	3.32%	2.73%	1.81%
	0.35	0.02	19.34	0.14	0.33	0.16	0.36	56.04	0.20	0.14	0.46	0.35	0.35
Interest	1.46	1.32	1.05	0.76	0.69	0.54	0.39	0.45	0.45	0.24	0.26	0.31	0.30
Depreciation	0.86	0.71	0.91	1.04	0.76	0.76	0.74	0.79	0.87	0.84	0.84	0.80	0.78
Profit before tax	2.62	2.02	21.34	4.53	6.35	3.86	3.32	57.92	0.62	2.09	2.08	1.63	0.94
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,779.03%	21.05%	18.75%	24.54%	65.96%
	2.62	2.02	21.34	4.52	6.34	3.86	3.32	57.93	17.86	1.65	1.69	1.22	0.32
EPS in Rs	1.12	0.87	9.15	1.94	2.72	1.66	1.42	24.84	6.97	0.64	0.66	0.48	0.11
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	625	497	457	467	560	766	610	241	217	362	348	340
	629	499	461	480	549	757	600	231	201	340	334	330
Operating Profit	-3	-2	-4	-14	11	9	10	10	17	22	14	10
OPM %	-1%	-0%	-1%	-3%	2%	1%	2%	4%	8%	6%	4%	3%
	2	0	14	0	0	0	-22	2	1	20	57	1
Interest	17	18	17	0	0	0	0	0	2	4	2	1
Depreciation	5	5	5	5	5	6	22	6	3	3	3	3
Profit before tax	-24	-24	-11	-19	6	3	-35	5	12	34	66	7
Tax %	-7%	-1%	0%	0%	0%	0%	0%	0%	0%	0%	-26%	27%
	-22	-24	-11	-19	6	3	-35	5	12	34	83	5
EPS in Rs	-9.54	-10.39	-4.89	-7.96	2.60	1.50	-14.89	2.12	5.21	14.68	32.38	1.72
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-4%
5 Years:	-11%
3 Years:	16%
TTM:	-2%

Compounded Profit Growth
10 Years:	8%
5 Years:	19%
3 Years:	-26%
TTM:	-82%

Stock Price CAGR
10 Years:	16%
5 Years:	26%
3 Years:	20%
1 Year:	-33%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	10%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	23	23	23	23	23	23	23	23	26	28
Reserves	-57	-81	-93	-111	-105	-102	-136	-131	-119	-85	15	27
	180	173	177	167	165	155	50	0	1	8	7	12
	53	59	46	38	53	53	138	170	180	144	69	65
Total Liabilities	199	174	153	117	136	130	74	62	85	90	117	132
	82	79	79	77	76	74	34	30	29	30	31	29
CWIP	0	0	0	0	0	2	0	0	1	1	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	6
	117	95	74	40	59	54	40	32	56	59	85	96
Total Assets	199	174	153	117	136	130	74	62	85	90	117	132

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17	30	3	16	4	6	7	17	15	47	20	-4
	-2	-2	-5	-3	-4	-5	-3	-2	-3	-5	-4	-7
	-16	-22	-3	-11	-0	-2	-3	-9	-19	-41	-10	14
Net Cash Flow	-1	6	-5	1	-1	-1	0	6	-7	1	7	2
Free Cash Flow	15	28	-2	13	-1	1	3	15	12	42	17	-6
CFO/OP	-493%	-1,511%	-68%	-118%	35%	71%	65%	179%	96%	222%	147%	-46%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	18	22	22	7	20	11	6	5	32	19	22	26
Inventory Days	47	36	30	14	10	13	16	31	73	39	38	43
Days Payable	19	23	22	15	20	18	11	11	88	58	61	59
Cash Conversion Cycle	46	35	30	6	10	6	11	25	16	0	-1	10
Working Capital Days	-11	-44	-39	-136	-109	-74	-89	-223	-217	-91	-14	-3
ROCE %	-4%	-5%	-8%	-20%	8%	4%	-172%					14%

Insights

In beta

Mar 1992

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Electricity Consumption per 1000 kgs of milk processed
kWh

	xx.xx	xxx.xx	xxx.xx	xxx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xx.xx	xxx.xx	xx.xx	xx.xx	xx.xx	xx.xx
	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
					xxx	xxx	xxx	xxx	xxx	xxx	xxx
x.xx	xx.xx
											x

Please log in to see hidden values.

Fuel Consumption per 1000 kgs of milk processed
kgs

Total Raw Milk Processed
MT

Total Workforce
Persons

Milk Processing Capacity
LLPD

Mother Dairy Milk Off-take Agreement
LLPD

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
	45.71%	45.71%	45.71%	45.71%	45.71%	45.71%	45.71%	50.59%	50.59%	50.59%	50.59%	55.46%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%
	54.26%	54.24%	54.25%	54.25%	54.25%	54.25%	54.25%	49.37%	49.37%	49.38%	49.39%	44.51%
No. of Shareholders	15,540	16,371	17,149	16,691	17,149	16,973	16,934	16,967	16,815	16,859	16,941	16,838

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	45.69%	45.69%	45.69%	45.69%	45.69%	45.69%	45.71%	45.71%	50.59%	55.46%
	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%
	54.27%	54.27%	54.27%	54.26%	54.27%	54.27%	54.25%	54.25%	49.37%	44.51%
No. of Shareholders	14,955	14,878	14,508	14,370	14,178	15,704	15,629	16,691	16,967	16,838

* 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.

Modern Dairies Ltd

Modern Dairies Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings