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 ₹ 1,120
- High / Low ₹ 1,525 / 955
- Stock P/E 24.9
- Book Value ₹ 254
- Dividend Yield 0.45 %
- ROCE 26.6 %
- ROE 19.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 38.7% CAGR over last 5 years
Cons
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1,590 | 1,692 | 2,139 | 1,944 | 2,243 | 2,812 | 3,125 | 3,720 | 3,960 | |
| 1,476 | 1,556 | 1,996 | 1,700 | 2,031 | 2,619 | 2,835 | 3,338 | 3,622 | |
| Operating Profit | 114 | 135 | 143 | 244 | 212 | 193 | 290 | 382 | 338 |
| OPM % | 7% | 8% | 7% | 13% | 9% | 7% | 9% | 10% | 9% |
| 6 | 7 | 5 | 6 | 13 | 22 | 26 | 53 | 60 | |
| Interest | 11 | 12 | 17 | 13 | 7 | 2 | 3 | 4 | 3 |
| Depreciation | 28 | 37 | 49 | 51 | 52 | 61 | 70 | 75 | 79 |
| Profit before tax | 80 | 93 | 82 | 186 | 166 | 152 | 244 | 356 | 317 |
| Tax % | 29% | 33% | 39% | 32% | 20% | 19% | 32% | 27% | |
| 57 | 63 | 50 | 126 | 133 | 122 | 167 | 260 | 265 | |
| EPS in Rs | 173.72 | 11.27 | 8.96 | 21.60 | 22.32 | 20.55 | 28.03 | 43.09 | 43.97 |
| Dividend Payout % | 0% | 0% | 58% | 0% | 0% | 0% | 0% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 18% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 24% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 17% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| Reserves | 336 | 351 | 378 | 600 | 784 | 913 | 1,079 | 1,346 | 1,471 |
| 132 | 167 | 160 | 99 | 13 | 32 | 46 | 42 | 55 | |
| 135 | 178 | 199 | 216 | 232 | 247 | 293 | 282 | 347 | |
| Total Liabilities | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 1,934 |
| 327 | 500 | 536 | 549 | 566 | 624 | 713 | 750 | 1,041 | |
| CWIP | 16 | 11 | 11 | 8 | 4 | 58 | 12 | 12 | 29 |
| Investments | 67 | 26 | 12 | 60 | 184 | 260 | 196 | 644 | 408 |
| 197 | 214 | 233 | 355 | 334 | 310 | 556 | 324 | 456 | |
| Total Assets | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 1,934 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 87 | 136 | 166 | 245 | 171 | 161 | -1 | 520 | |
| -66 | -148 | -76 | -200 | -137 | -210 | 30 | -526 | |
| -41 | 60 | -26 | 11 | -49 | 15 | -1 | -8 | |
| Net Cash Flow | -20 | 48 | 64 | 55 | -14 | -35 | 28 | -14 |
| Free Cash Flow | 16 | 39 | 71 | 189 | 101 | 56 | -105 | 412 |
| CFO/OP | 91% | 114% | 124% | 121% | 99% | 107% | 22% | 165% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 40 | 36 | 27 | 26 | 27 | 20 | 62 | 22 |
| Days Payable | 19 | 22 | 17 | 23 | 23 | 22 | 24 | 21 |
| Cash Conversion Cycle | 22 | 16 | 11 | 4 | 5 | -0 | 40 | 2 |
| Working Capital Days | -13 | -6 | -13 | -15 | -8 | -7 | 19 | -6 |
| ROCE % | 20% | 17% | 30% | 21% | 16% | 22% | 27% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Aggregate Installed Processing Capacity LLPD |
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| Average Milk Sales LLPD |
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| Value Added Products (VAP) Contribution to Revenue % |
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| Average Milk Procurement LLPD |
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| Curd Sales MTPD |
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| Dodla Retail Parlours Number |
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| Village Level Collection Centers (VLCC) Number |
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Extracted by Screener AI
Documents
Announcements
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Reappointment Of M/S. KPMG Assurance And Consulting Service LLP As The Internal Auditors Of The Company
24 Apr - Board approved reappointment of independent director and auditors; appointed Ms. Dodla Silpa Reddy as SMP from 1 May 2026.
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Reappointment Of M/S. J K & Co, Cost Accountants As The Cost Auditors Of The Company
24 Apr - Board approved Vinoda Kailas reappointment, auditor reappointments, and Silpa Reddy’s appointment effective 1 May 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Apr - Board approved director reappointment, cost/internal auditors for FY27, and appointed SMP from 1 May 2026.
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Announcement under Regulation 30 (LODR)-Change in Directorate
24 Apr - Board approved director reappointment, auditors' reappointment, and appointment of SMP from 1 May 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 24 April 2026
24 Apr - Board met on 24 April 2026; reappointed Vinoda Kailas, cost and internal auditors, appointed Silpa Reddy.
Annual reports
Concalls
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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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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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 2022TranscriptAI SummaryPPT
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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 brands and includes Milk, yogurt with different flavors, paneer, cheese and UHT milk. [4]