Dodla Dairy Ltd

Dodla Dairy Ltd

₹ 907 0.95%
19 Apr 2:02 p.m.
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 diary-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

Integrated Dairy Company
Dodla Dairy Limited is an integrated dairy company based in South India. It is the 3rd largest player in terms of milk procurement in South India and has the 3rd highest market presence across 12 states in India. [1]

  • Market Cap 5,396 Cr.
  • Current Price 907
  • High / Low 1,084 / 475
  • Stock P/E 37.9
  • Book Value 177
  • Dividend Yield 0.00 %
  • ROCE 16.2 %
  • ROE 13.2 %
  • 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 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

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
497 530 512 566 575 590 717 695 675 724 823 768 747
427 495 461 505 523 543 672 636 622 691 763 698 664
Operating Profit 70 36 51 61 52 47 45 59 54 34 60 70 83
OPM % 14% 7% 10% 11% 9% 8% 6% 8% 8% 5% 7% 9% 11%
2 3 3 3 4 4 4 6 7 6 7 7 6
Interest 3 2 3 4 0 0 0 0 0 0 0 0 1
Depreciation 13 13 13 13 13 13 15 16 16 15 16 17 18
Profit before tax 56 24 38 48 42 38 34 49 44 25 51 59 70
Tax % 26% 60% 5% 38% 36% -7% 27% 19% 19% 10% 31% 26% 41%
42 10 36 29 27 40 25 39 35 23 35 44 41
EPS in Rs 7.47 1.64 6.06 4.94 4.51 6.80 4.19 6.63 5.95 3.79 5.88 7.33 6.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,590 1,692 2,139 1,944 2,243 2,812 3,062
1,476 1,556 1,996 1,700 2,031 2,619 2,815
Operating Profit 114 135 143 244 212 193 247
OPM % 7% 8% 7% 13% 9% 7% 8%
6 7 5 6 13 22 26
Interest 11 12 17 13 7 2 2
Depreciation 28 37 49 51 52 61 66
Profit before tax 80 93 82 186 166 152 205
Tax % 29% 33% 39% 32% 20% 19%
57 63 50 126 133 122 142
EPS in Rs 173.72 11.27 8.96 21.60 22.32 20.55 23.95
Dividend Payout % 0% 0% 58% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 10%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 35%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 83%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 17%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 56 56 58 59 59 59
Reserves 336 351 378 600 784 913 992
132 167 160 99 13 32 42
135 178 199 216 232 247 279
Total Liabilities 607 752 793 972 1,088 1,251 1,373
327 500 536 549 566 624 689
CWIP 16 11 11 8 4 58 13
Investments 67 26 12 60 184 260 261
197 214 233 355 334 310 410
Total Assets 607 752 793 972 1,088 1,251 1,373

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
87 136 166 245 171 161
-66 -148 -76 -200 -137 -210
-41 60 -26 11 -49 15
Net Cash Flow -20 48 64 55 -14 -35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1 2 1 1 1 1
Inventory Days 40 36 27 26 27 20
Days Payable 19 22 17 23 23 22
Cash Conversion Cycle 22 16 11 4 5 -0
Working Capital Days 9 2 -5 -8 -7 -7
ROCE % 20% 17% 30% 21% 16%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.54% 62.54% 62.54% 62.54% 62.54% 62.21% 62.21% 62.21% 62.21% 62.21% 62.21% 62.21%
4.52% 6.98% 6.48% 4.40% 4.29% 13.04% 12.83% 12.83% 10.59% 10.92% 11.34% 11.36%
14.16% 14.82% 14.96% 16.84% 16.86% 14.42% 15.85% 16.06% 18.06% 16.99% 16.90% 17.62%
18.79% 15.67% 16.03% 16.22% 16.32% 10.34% 9.10% 8.91% 9.15% 9.89% 9.55% 8.82%
No. of Shareholders 62,53946,43243,14343,39042,72140,90439,39637,73834,45334,47932,35629,700

* 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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