Parag Milk Foods Ltd

Parag Milk Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Parag Milk Foods Ltd

₹ 222 3.73%
16 Jun 2:33 p.m.
paragmilkfoods.com BSE: 539889 NSE: PARAGMILK
About

Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories. [1]

Key Points

Market Leadership and innovation[1]
- It is a dominant Player in Cheese in India with a 35% Market Share.
- It is a leader in the Cow Ghee category with its brand ‘Gowardhan’ Ghee with 22% market share. - It is India’s First Company to launch a truly ‘Made-in-India’ B2C Whey protein powder under Brand ‘Avvatar’ in 2017.
- It is the only company to manufacture Fresh Paneer with a 75 Day Shelf Life.
- Its cheese plant has the largest production capacity in India, with a raw cheese production capacity of 60 MT per day. [2] [3]
- It has the Largest automated dairy farm with ~3000+ Holstein Friesian Cows.[4]

Website BSE NSE
  • Market Cap ₹ 2,656 Cr.
  • Current Price ₹ 222
  • High / Low ₹ 237 / 135
  • Stock P/E 21.4
  • Book Value ₹ 87.1
  • Dividend Yield 0.24 %
  • ROCE 14.3 %
  • ROE 12.6 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Tax rate seems low
  • Company has a low return on equity of 11.2% over last 3 years.

* 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

Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
552 681 654 723 796 738 787 789 776 744 856 869 899
1,135 669 613 687 745 696 731 725 739 688 787 794 837
Operating Profit -582 12 41 35 51 42 56 64 37 56 69 74 62
OPM % -105% 2% 6% 5% 6% 6% 7% 8% 5% 8% 8% 9% 7%
6 28 0 5 2 5 2 1 1 1 2 1 13
Interest 12 13 12 14 14 17 20 18 14 17 21 24 24
Depreciation 13 13 13 11 17 14 14 14 13 14 17 14 15
Profit before tax -602 15 15 15 23 16 24 32 11 26 34 38 37
Tax % -2% 24% -6% 9% -23% -17% -11% -4% -23% -4% 13% 9% 12%
-592 11 16 14 28 18 27 33 13 27 30 34 32
EPS in Rs -62.03 1.16 1.49 1.16 2.38 1.56 2.29 2.85 1.12 2.27 2.50 2.86 2.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,079 1,426 1,623 1,701 1,918 2,346 2,391 1,792 2,026 2,853 3,090 3,367
996 1,319 1,474 1,624 1,730 2,129 2,180 1,668 2,454 2,714 2,891 3,114
Operating Profit 83 106 149 78 188 218 212 124 -429 139 199 253
OPM % 8% 7% 9% 5% 10% 9% 9% 7% -21% 5% 6% 8%
1 1 1 -11 6 4 3 7 9 35 9 27
Interest 40 45 49 29 37 36 38 46 47 53 69 85
Depreciation 25 25 32 47 49 48 51 46 51 54 56 60
Profit before tax 19 37 70 -9 108 138 125 39 -518 67 83 135
Tax % -3% 1% 25% -81% 27% 17% 28% 55% 2% -2% -11% 8%
19 37 53 -2 78 114 91 17 -529 68 92 124
EPS in Rs 12.05 22.89 7.46 -0.21 9.33 13.56 10.78 2.07 -55.48 5.84 7.70 10.35
Dividend Payout % 0% 0% 0% -238% 8% 7% 5% 24% 0% 0% 6% 10%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: 18%
TTM: 9%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 31%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 41%
1 Year: 16%
Return on Equity
10 Years: 2%
5 Years: -5%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 16 70 84 84 84 84 84 95 117 119 119
Reserves 88 119 307 554 633 741 822 836 454 701 805 921
545 537 385 261 291 235 395 366 477 541 554 562
162 254 237 394 360 355 363 352 294 223 288 324
Total Liabilities 810 926 999 1,293 1,368 1,415 1,665 1,638 1,321 1,583 1,766 1,925
188 238 295 307 371 379 398 381 350 311 309 340
CWIP 37 28 28 21 16 23 7 1 3 9 10 12
Investments 18 18 58 62 63 63 63 63 62 67 109 109
567 642 618 903 918 950 1,197 1,194 906 1,196 1,339 1,464
Total Assets 810 926 999 1,293 1,368 1,415 1,665 1,638 1,321 1,583 1,766 1,925

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
42 77 89 -25 17 138 -73 100 -146 -179 73 187
-59 -28 -66 -87 -14 -66 -24 -34 -11 -82 -25 -130
19 -48 -22 148 -13 -96 112 -81 230 196 -51 -56
Net Cash Flow 2 1 1 36 -10 -23 15 -15 73 -66 -3 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 55 43 52 37 47 42 46 32 22 20 28 27
Inventory Days 82 72 83 135 129 110 137 204 89 98 102 81
Days Payable 51 65 49 97 87 71 61 86 40 23 32 32
Cash Conversion Cycle 85 51 86 75 88 82 121 150 71 95 98 76
Working Capital Days 96 58 82 66 88 80 116 166 93 113 116 114
ROCE % 10% 12% 17% 5% 15% 17% 14% 7% -41% 10% 11% 14%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.75% 36.19% 41.63% 41.63% 41.63% 41.63% 41.63% 42.61% 42.61% 42.61% 42.61% 42.61%
3.42% 12.95% 11.73% 10.23% 8.75% 8.75% 8.83% 8.95% 8.51% 10.08% 8.20% 8.46%
15.10% 4.20% 3.84% 3.84% 7.20% 7.96% 8.36% 8.42% 8.38% 7.11% 7.06% 6.91%
40.55% 46.48% 42.67% 44.16% 42.27% 41.53% 41.02% 39.88% 40.34% 40.05% 41.97% 41.88%
0.18% 0.16% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.14%
No. of Shareholders 67,71261,41360,77062,05758,60062,70967,46599,7841,08,9411,09,4311,11,2471,10,428

* 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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