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 ₹ 6,745 Cr.
- Current Price ₹ 1,118
- High / Low ₹ 1,525 / 955
- Stock P/E 31.5
- Book Value ₹ 248
- Dividend Yield 0.45 %
- ROCE 15.1 %
- ROE 15.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Tax rate seems low
- Earnings include an other income of Rs.68.7 Cr.
- Promoter holding has decreased over last 3 years: -3.29%
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,018 | 1,182 | 1,410 | 1,537 | 1,598 | 1,988 | 1,837 | 2,096 | 2,584 | 2,907 | 3,342 | 3,422 | |
| 990 | 1,087 | 1,324 | 1,432 | 1,482 | 1,888 | 1,619 | 1,909 | 2,433 | 2,660 | 3,022 | 3,197 | |
| Operating Profit | 29 | 95 | 86 | 105 | 116 | 99 | 218 | 187 | 151 | 247 | 320 | 225 |
| OPM % | 3% | 8% | 6% | 7% | 7% | 5% | 12% | 9% | 6% | 8% | 10% | 7% |
| 8 | 7 | 8 | 6 | 7 | 12 | 7 | 32 | 23 | 25 | 70 | 69 | |
| Interest | 8 | 13 | 8 | 10 | 11 | 17 | 13 | 7 | 2 | 2 | 1 | 2 |
| Depreciation | 13 | 16 | 18 | 25 | 34 | 46 | 47 | 49 | 58 | 64 | 64 | 62 |
| Profit before tax | 16 | 74 | 68 | 75 | 79 | 48 | 165 | 163 | 115 | 206 | 324 | 230 |
| Tax % | 2% | 52% | 33% | 33% | 33% | 41% | 34% | 16% | 17% | 25% | 24% | 1% |
| 16 | 36 | 46 | 51 | 52 | 28 | 108 | 137 | 95 | 154 | 247 | 228 | |
| 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 | 37.86 |
| Dividend Payout % | 0% | 23% | 0% | 0% | 0% | 102% | 0% | 0% | 0% | 0% | 12% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 10% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 15% |
| 3 Years: | 32% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 22% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 15% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| Reserves | 214 | 241 | 287 | 340 | 341 | 341 | 546 | 728 | 824 | 977 | 1,222 | 1,437 |
| 122 | 109 | 136 | 126 | 158 | 160 | 98 | 13 | 14 | 13 | 13 | 16 | |
| 72 | 82 | 104 | 132 | 169 | 176 | 200 | 205 | 217 | 253 | 240 | 258 | |
| Total Liabilities | 411 | 436 | 531 | 601 | 723 | 733 | 903 | 1,005 | 1,114 | 1,302 | 1,535 | 1,771 |
| 125 | 160 | 234 | 296 | 461 | 482 | 495 | 510 | 563 | 578 | 599 | 618 | |
| CWIP | 5 | 36 | 30 | 15 | 11 | 8 | 8 | 4 | 30 | 12 | 11 | 99 |
| Investments | 85 | 95 | 109 | 109 | 67 | 55 | 104 | 228 | 309 | 238 | 680 | 702 |
| 197 | 145 | 158 | 181 | 185 | 187 | 296 | 263 | 211 | 474 | 246 | 352 | |
| Total Assets | 411 | 436 | 531 | 601 | 723 | 733 | 903 | 1,005 | 1,114 | 1,302 | 1,535 | 1,771 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 59 | 83 | 118 | 103 | 217 | 145 | 140 | -15 | 479 | 233 | ||
| -96 | -79 | -61 | -140 | -45 | -166 | -129 | -166 | 32 | -470 | -217 | ||
| -37 | 19 | -40 | 62 | -26 | 11 | -49 | -3 | -3 | -4 | -16 | ||
| Net Cash Flow | -2 | -1 | -18 | 39 | 33 | 61 | -33 | -29 | 13 | 6 | 0 | |
| Free Cash Flow | 41 | -14 | 16 | 29 | 37 | 165 | 74 | 69 | -77 | 393 | 96 | |
| CFO/OP | 172% | 94% | 94% | 118% | 106% | 122% | 98% | 113% | 12% | 177% | 122% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 62 | 36 | 27 | 39 | 36 | 26 | 24 | 26 | 18 | 60 | 18 | 13 |
| Days Payable | 16 | 14 | 16 | 18 | 21 | 16 | 23 | 21 | 20 | 21 | 18 | 19 |
| Cash Conversion Cycle | 46 | 22 | 11 | 22 | 15 | 11 | 2 | 5 | -1 | 40 | 0 | -5 |
| Working Capital Days | -6 | -15 | -18 | -14 | -7 | -13 | -16 | -7 | -9 | 19 | -7 | -11 |
| ROCE % | 25% | 19% | 18% | 17% | 11% | 28% | 22% | 13% | 21% | 27% | 15% |
Insights
In beta| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Average Milk Procurement LLPD |
|
|||||||||
| Average Milk Sales LLPD |
||||||||||
| Processing Capacity LLPD |
||||||||||
| Chilling Centres count |
||||||||||
| Dodla Retail Parlours count |
||||||||||
| Village Level Collection Centres (VLCCs) count |
||||||||||
| Curd Sales MTPD |
||||||||||
| Value-Added Products Sales INR Mn |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
7 Jul - ICRA ESG revises Dodla Dairy rating to 71 (Good) from 70 (Good).
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Jul - Regulation 74(5) compliance certificate filed for quarter ended 30 June 2026.
-
Closure of Trading Window
23 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY27 results.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Jun - Newspaper Advertisement for 31st AGM and E-voting information
-
Business Responsibility and Sustainability Reporting (BRSR)
20 Jun - Dodla Dairy submitted BRSR for FY2025-26, including ESG, operations, and compliance disclosures.
Annual reports
Concalls
-
May 2026Transcript PPT REC
-
Jan 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Jul 2025Transcript PPT REC
-
Jul 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Oct 2024Transcript PPT
-
Jul 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Jul 2023Transcript PPT
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022TranscriptAI SummaryPPT
-
Oct 2021Transcript PPT
-
Aug 2021TranscriptPPT
-
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 brands and includes Milk, yogurt with different flavors, paneer, cheese and UHT milk. [4]