Dodla Dairy Ltd

Dodla Dairy Ltd

₹ 1,316 6.53%
03 Jun - close price
About

Incorporated in the year 1995, Dodla Dairy Limited is an integrated dairy company based in Telangana. The company derives the majority of its revenue from the sale of Milk and dairy-based value added products in the branded consumer Market. Currently, its procurement is centered in 5 states and its products are available for purchase in 11 states. It has 94 milk chilling centers. Some of their plants are ISO 22000:2005 Certified while two are ISO 50001:2011 (EnMS) Certified.

Key Points

Product Portfolio
The company is one of India’s leading integrated dairy companies incorporated in 1995. [1] It procures, processes, and sells milk & milk products including butter milk, ghee, curd, paneer, flavored Milk, doodh peda, lassi, ice cream, and milk-based sweets under brands including Dodla, Dodla Dairy, and KC+ in India. [2] [3] Its African product portfolio is marketed under the Dairy Top, Dodla + and Pride of Cows brands and includes Milk, yogurt with different flavors, paneer, cheese and UHT milk. [4]

  • Market Cap 7,939 Cr.
  • Current Price 1,316
  • High / Low 1,371 / 826
  • Stock P/E 32.1
  • Book Value 213
  • Dividend Yield 0.23 %
  • ROCE 27.8 %
  • ROE 21.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 55.3% CAGR over last 5 years

Cons

  • Working capital days have increased from 24.5 days to 61.8 days

* 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

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
540 657 643 618 665 763 715 701 728 828 903 803 808
501 624 592 577 640 718 652 624 666 745 817 720 741
Operating Profit 39 33 51 41 25 45 63 76 62 83 87 83 67
OPM % 7% 5% 8% 7% 4% 6% 9% 11% 9% 10% 10% 10% 8%
22 5 6 7 7 7 7 6 5 7 10 30 24
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 12 14 15 15 14 15 16 16 17 16 16 16 16
Profit before tax 48 23 42 33 18 36 53 66 50 73 80 96 76
Tax % -17% 26% 18% 16% 8% 25% 25% 25% 25% 26% 26% 20% 25%
56 17 34 28 16 27 40 49 38 54 59 77 57
EPS in Rs 9.42 2.84 5.75 4.64 2.73 4.55 6.72 8.30 6.30 9.11 9.85 12.70 9.40
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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
1,018 1,182 1,410 1,537 1,598 1,988 1,837 2,096 2,584 2,907 3,342
990 1,087 1,324 1,432 1,482 1,888 1,619 1,909 2,433 2,660 3,022
Operating Profit 29 95 86 105 116 99 218 187 151 247 319
OPM % 3% 8% 6% 7% 7% 5% 12% 9% 6% 8% 10%
8 7 8 6 7 12 7 32 23 25 71
Interest 8 13 8 10 11 17 13 7 2 2 1
Depreciation 13 16 18 25 34 46 47 49 58 64 64
Profit before tax 16 74 68 75 79 48 165 163 115 206 324
Tax % 2% 52% 33% 33% 33% 41% 34% 16% 17% 25% 24%
16 36 46 51 52 28 108 137 95 154 247
EPS in Rs 49.35 108.65 140.10 154.42 9.41 5.11 18.58 22.96 15.97 25.87 40.94
Dividend Payout % 0% 23% 0% 0% 0% 102% 0% 0% 0% 0% 12%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 17%
TTM: 15%
Compounded Profit Growth
10 Years: 32%
5 Years: 55%
3 Years: 22%
TTM: 65%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 39%
1 Year: 56%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 17%
Last Year: 21%

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
Equity Capital 3 3 3 3 56 56 58 59 59 59 60
Reserves 214 241 287 340 341 341 546 728 824 977 1,222
122 109 136 126 158 160 98 13 14 13 13
72 82 104 132 169 176 200 205 217 253 240
Total Liabilities 411 436 531 601 723 733 903 1,005 1,114 1,302 1,535
125 160 234 296 461 482 495 510 563 578 599
CWIP 5 36 30 15 11 8 8 4 30 12 11
Investments 85 95 109 109 67 55 104 228 309 238 680
197 145 158 181 185 187 296 263 211 474 246
Total Assets 411 436 531 601 723 733 903 1,005 1,114 1,302 1,535

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
131 59 83 118 103 217 145 140 -15 479
-96 -79 -61 -140 -45 -166 -129 -166 32 -470
-37 19 -40 62 -26 11 -49 -3 -3 -4
Net Cash Flow -2 -1 -18 39 33 61 -33 -29 13 6

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 0 0 0 0 1 1 1 1 1 1 1
Inventory Days 62 36 27 39 36 26 24 26 18 60 18
Days Payable 16 14 16 18 21 16 23 21 20 21 18
Cash Conversion Cycle 46 22 11 22 15 11 2 5 -1 40 0
Working Capital Days 34 6 7 9 0 -5 -9 -7 -8 20 62
ROCE % 25% 19% 18% 17% 11% 28% 22% 13% 21% 28%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
62.54% 62.21% 62.21% 62.21% 62.21% 62.21% 62.21% 62.21% 60.52% 59.69% 59.69% 59.69%
4.29% 13.04% 12.83% 12.83% 10.59% 10.92% 11.34% 11.36% 11.27% 11.58% 11.03% 10.41%
16.86% 14.42% 15.85% 16.06% 18.06% 16.99% 16.90% 17.62% 18.64% 17.96% 18.84% 19.14%
16.32% 10.34% 9.10% 8.91% 9.15% 9.89% 9.55% 8.82% 9.57% 10.78% 10.44% 10.74%
No. of Shareholders 42,72140,90439,39637,73834,45334,47932,35629,70032,16333,79833,25933,695

* 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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