ICL Organic Dairy Products Ltd
₹ 39.7
-5.00%
12 Jan 2024
About
Incorporated in 2013, ICL Organic Dairy Products Ltd is a manufacturer of dairy and allied products[1]
Key Points
- Market Cap ₹ 23.8 Cr.
- Current Price ₹ 39.7
- High / Low ₹ /
- Stock P/E 1,192
- Book Value ₹ 20.1
- Dividend Yield 0.00 %
- ROCE 0.25 %
- ROE 0.17 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -20.9% over past five years.
- Company has a low return on equity of 0.53% 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.
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2014 14m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.02 | 2.22 | 2.52 | 12.07 | 15.70 | 4.66 | 3.62 | 3.51 | 3.74 | |
| 0.01 | 0.02 | 2.16 | 2.45 | 11.59 | 15.26 | 4.25 | 3.44 | 3.39 | 3.71 | |
| Operating Profit | 0.00 | 0.00 | 0.06 | 0.07 | 0.48 | 0.44 | 0.41 | 0.18 | 0.12 | 0.03 |
| OPM % | 0.00% | 0.00% | 2.70% | 2.78% | 3.98% | 2.80% | 8.80% | 4.97% | 3.42% | 0.80% |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.03 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.05 | 0.04 | 0.03 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.00 | 0.06 | 0.07 | 0.48 | 0.38 | 0.36 | 0.14 | 0.09 | 0.03 |
| Tax % | 33.33% | 28.57% | 27.08% | 26.32% | 25.00% | 28.57% | 22.22% | 33.33% | ||
| 0.00 | 0.00 | 0.04 | 0.05 | 0.35 | 0.28 | 0.27 | 0.10 | 0.07 | 0.02 | |
| EPS in Rs | 0.00 | 0.00 | 40.00 | 50.00 | 350.00 | 2.49 | 0.45 | 0.17 | 0.12 | 0.03 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -21% |
| 3 Years: | -7% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -44% |
| 3 Years: | -58% |
| TTM: | -71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 41% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 1% |
| Last Year: | 0% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 1.12 | 6.00 | 6.00 | 6.00 | |
| Reserves | 0.00 | 0.00 | 0.04 | 0.09 | 0.44 | 1.84 | 5.86 | 5.97 | 6.03 | |
| 0.00 | 0.00 | 1.85 | 1.99 | 2.46 | 0.00 | 0.24 | 0.28 | 0.13 | ||
| 0.00 | 1.97 | 0.27 | 0.17 | 0.37 | 0.21 | 0.36 | 0.38 | 0.42 | ||
| Total Liabilities | 0.01 | 1.98 | 2.17 | 2.26 | 3.28 | 3.17 | 12.46 | 12.63 | 12.58 | |
| 0.00 | 1.97 | 1.97 | 1.97 | 1.97 | 1.97 | 1.97 | 3.48 | 3.48 | ||
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.01 | 0.01 | 0.20 | 0.29 | 1.31 | 1.20 | 10.49 | 9.15 | 9.10 | ||
| Total Assets | 0.01 | 1.98 | 2.17 | 2.26 | 3.28 | 3.17 | 12.46 | 12.63 | 12.58 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | -1.96 | 0.06 | 0.53 | -0.69 | -6.80 | 7.51 | 0.15 | 0.32 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.51 | -7.34 | 0.26 | 0.00 | |
| 0.00 | 0.00 | 2.09 | 0.02 | 0.47 | -0.21 | 8.87 | 0.02 | -0.19 | 0.00 | |
| Net Cash Flow | 0.00 | 0.00 | 0.14 | 0.08 | 1.00 | -0.90 | 0.55 | 0.19 | 0.23 | 0.32 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Inventory Days | 13.35 | 13.66 | 2.43 | 2.78 | 16.49 | 19.89 | 26.95 | |||
| Days Payable | 0.00 | 0.00 | 2.78 | 1.39 | 8.80 | 1.17 | 0.00 | |||
| Cash Conversion Cycle | 0.00 | 0.00 | 13.35 | 13.66 | -0.35 | 1.39 | 7.70 | 18.72 | 26.95 | |
| Working Capital Days | 0.00 | -35,952.50 | 3.29 | -17.38 | -8.47 | 15.81 | 565.52 | -2.02 | -7.28 | |
| ROCE % | 0.00% | 6.28% | 3.51% | 19.20% | 14.99% | 5.44% | 1.48% | 0.98% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - ICL Organic exempted from Annual Secretarial Compliance Report for FY 2024-25 under SEBI SME rules.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
24 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 31st March, 2025.
-
Non-Applicability Of Fund Raising By Issuance Of Debt Securities By Large Entities
24 Apr - ICL Organic confirms not classified as Large Corporate under SEBI as of March 31, 2025.
-
Non-Applicability Of Fund Raising By Issuance Of Debt Securities By Large Entities
24 Apr - ICL Organic confirms not classified as Large Corporate under SEBI debt issuance norms as of March 31, 2025.
-
Disclosures Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
5 Apr - Yearly disclosure under SEBI regulations by promoters.
Business Overview:[1][2]
Company is engaged in Dairy farming. It extracts Milk from cow and supplies to sweet shops, retailers, different establishments and households. It provides organic milk too.
Currently, it operates in 4 states where procurement, processing and packaging of milk and milk products are carried out while its products are available for purchase in 9 states. Company has 11 processing plants and 65 milk
chilling centres