Parag Milk Foods Ltd

Parag Milk Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Parag Milk Foods Ltd

₹ 221 1.30%
13 May - close price
paragmilkfoods.com BSE: 539889 NSE: PARAGMILK
About

Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories. [1]

Key Points

Market Leadership and innovation[1]
- It is a dominant Player in Cheese in India with a 35% Market Share.
- It is a leader in the Cow Ghee category with its brand ‘Gowardhan’ Ghee with 22% market share. - It is India’s First Company to launch a truly ‘Made-in-India’ B2C Whey protein powder under Brand ‘Avvatar’ in 2017.
- It is the only company to manufacture Fresh Paneer with a 75 Day Shelf Life.
- Its cheese plant has the largest production capacity in India, with a raw cheese production capacity of 60 MT per day. [2] [3]
- It has the Largest automated dairy farm with ~3000+ Holstein Friesian Cows.[4]

Website BSE NSE
  • Market Cap ₹ 2,765 Cr.
  • Current Price ₹ 221
  • High / Low ₹ 377 / 178
  • Stock P/E 19.7
  • Book Value ₹ 101
  • Dividend Yield 0.45 %
  • ROCE 13.5 %
  • ROE 12.3 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 45.0% CAGR over last 5 years

Cons

  • Tax rate seems low
  • Company has a low return on equity of 11.8% over last 3 years.

* 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Dairy Products

Part of BSE Fast Moving Consumer Goods BSE 1000

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
801 750 798 801 790 758 871 885 918 852 1,008 1,013 945
764 709 743 736 753 702 802 811 856 794 937 944 886
Operating Profit 37 40 56 65 37 56 69 74 62 58 71 68 59
OPM % 5% 5% 7% 8% 5% 7% 8% 8% 7% 7% 7% 7% 6%
9 6 6 6 8 6 7 5 13 8 18 3 19
Interest 12 17 21 22 16 19 23 26 25 20 20 21 21
Depreciation 18 15 15 15 15 16 18 16 17 16 19 18 18
Profit before tax 16 15 24 33 14 27 36 38 33 29 50 33 40
Tax % -36% -41% -3% -4% 27% -2% 18% 4% 19% 5% 10% 9% 20%
22 21 25 34 10 27 29 36 26 28 46 30 32
EPS in Rs 1.90 1.82 2.15 2.91 0.82 2.29 2.45 3.02 2.20 2.31 3.65 2.36 2.58
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,443 1,645 1,731 1,955 2,396 2,438 1,842 2,072 2,893 3,139 3,432 3,818
1,330 1,494 1,639 1,758 2,171 2,225 1,715 2,508 2,773 2,936 3,179 3,561
Operating Profit 113 151 92 197 225 213 126 -436 120 202 254 257
OPM % 8% 9% 5% 10% 9% 9% 7% -21% 4% 6% 7% 7%
-4 -2 -11 9 9 6 12 20 45 23 39 48
Interest 47 50 33 36 36 38 46 52 57 79 93 81
Depreciation 28 33 49 51 50 54 52 54 57 60 67 71
Profit before tax 34 67 -1 119 148 127 41 -522 51 86 133 152
Tax % 6% 29% -524% 27% 18% 26% 49% 2% -4% -6% 10% 11%
32 47 5 87 121 94 21 -532 53 91 119 135
EPS in Rs 20.17 6.72 0.57 10.35 14.35 11.14 2.46 -55.83 4.54 7.59 9.95 10.79
Dividend Payout % 0% 0% 88% 7% 7% 4% 20% 0% 0% 7% 10% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: 11%
5 Years: 45%
3 Years: 38%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 27%
1 Year: 8%
Return on Equity
10 Years: 2%
5 Years: -3%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 16 70 84 84 84 84 84 95 117 119 119 125
Reserves 108 291 541 628 743 827 844 459 691 793 904 1,134
545 389 261 291 240 400 381 523 606 616 654 607
255 241 401 378 375 379 373 318 253 358 355 415
Total Liabilities 924 991 1,287 1,382 1,442 1,690 1,683 1,395 1,668 1,887 2,033 2,281
291 345 334 397 406 466 473 459 436 466 578 643
CWIP 28 28 21 20 29 7 3 10 45 69 19 37
Investments 0 0 0 1 1 1 1 0 5 5 5 5
604 618 933 964 1,007 1,217 1,205 926 1,182 1,348 1,431 1,596
Total Assets 924 991 1,287 1,382 1,442 1,690 1,683 1,395 1,668 1,887 2,033 2,281

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
88 59 -17 19 140 -66 100 -149 -190 102 212 149
-29 -32 -87 -16 -73 -30 -47 -26 -88 -53 -132 -98
-58 -26 140 -12 -91 111 -69 248 212 -53 -78 -60
Net Cash Flow 1 1 36 -10 -24 15 -15 73 -66 -3 1 -9
Free Cash Flow 58 31 -111 -45 52 -98 56 -185 -190 41 87 59
CFO/OP 80% 48% 0% 16% 75% -15% 96% 31% -155% 56% 88% 65%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 43 52 37 47 42 45 32 22 21 28 28 23
Inventory Days 73 83 136 131 113 127 186 91 100 103 87 95
Days Payable 66 51 99 91 73 59 81 43 27 42 39 35
Cash Conversion Cycle 50 84 74 87 83 114 136 70 95 89 76 84
Working Capital Days -18 26 33 49 55 65 91 44 66 67 66 51
ROCE % 13% 17% 7% 17% 18% 14% 7% -39% 9% 11% 14% 14%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Milk Procurement Volume
Lakh Litres Per Day (LLPD)

Log in to view insights

Please log in to see hidden values.

Login
Number of Distributors
Count
Number of Farmers in Network
Lakh
Retail Reach (Points of Sale)
Lakh Outlets
Aggregate Milk Processing Capacity
Million Litres Per Day (MLPD)
Market Share in Branded Cow Ghee
%
Market Share in Cheese
%
Raw Milk Procurement Price
INR per Litre ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
41.63% 41.63% 41.63% 42.61% 42.61% 42.61% 42.61% 42.61% 42.61% 42.61% 40.65% 40.65%
8.75% 8.75% 8.83% 8.95% 8.51% 10.08% 8.20% 8.46% 9.24% 9.92% 9.26% 8.77%
7.36% 8.12% 8.58% 8.64% 8.60% 7.11% 7.06% 6.91% 6.87% 6.62% 6.16% 5.25%
42.11% 41.37% 40.80% 39.66% 40.12% 40.05% 41.97% 41.88% 41.16% 40.72% 43.84% 45.25%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.14% 0.14% 0.14% 0.09% 0.08%
No. of Shareholders 58,59962,70867,46499,7841,08,9411,09,4311,11,2461,10,4271,02,55288,01286,56988,588

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls