Dodla Dairy Ltd
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.
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 May
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 May - Transcript of Q4 FY 25 Results investor call
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 May - Q4 FY25 earnings call audio uploaded on company website for investor access.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20 May
Annual reports
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021Transcript PPT
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Aug 2021TranscriptPPT
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Jul 2021Transcript PPT
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]