Dodla Dairy Ltd

Dodla Dairy Ltd

₹ 1,253 -2.97%
03 Nov - close price
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 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.

Key Points

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]

  • Market Cap 7,561 Cr.
  • Current Price 1,253
  • High / Low 1,525 / 962
  • Stock P/E 29.1
  • Book Value 254
  • Dividend Yield 0.40 %
  • 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 quarter: -0.77%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
695 675 724 823 768 747 787 912 998 901 910 1,007 1,019
636 622 691 763 698 664 712 806 901 805 826 924 926
Operating Profit 59 54 34 60 70 83 75 105 96 96 84 83 93
OPM % 8% 8% 5% 7% 9% 11% 10% 12% 10% 11% 9% 8% 9%
6 7 6 7 7 6 8 7 10 11 26 17 11
Interest 0 0 0 0 0 1 1 1 1 1 1 1 1
Depreciation 16 16 15 16 17 18 18 18 19 20 18 18 21
Profit before tax 49 44 25 51 59 70 64 93 86 86 90 81 83
Tax % 19% 19% 10% 31% 26% 41% 27% 30% 27% 26% 25% 22% 21%
39 35 23 35 44 41 47 65 63 64 68 63 66
EPS in Rs 6.63 5.95 3.79 5.88 7.33 6.95 7.87 10.93 10.51 10.54 11.27 10.42 10.89
Raw PDF

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 3,837
1,476 1,556 1,996 1,700 2,031 2,619 2,835 3,338 3,482
Operating Profit 114 135 143 244 212 193 290 382 355
OPM % 7% 8% 7% 13% 9% 7% 9% 10% 9%
6 7 5 6 13 22 26 53 65
Interest 11 12 17 13 7 2 3 4 3
Depreciation 28 37 49 51 52 61 70 75 76
Profit before tax 80 93 82 186 166 152 244 356 340
Tax % 29% 33% 39% 32% 20% 19% 32% 27%
57 63 50 126 133 122 167 260 260
EPS in Rs 173.72 11.27 8.96 21.60 22.32 20.55 28.03 43.09 43.12
Dividend Payout % 0% 0% 58% 0% 0% 0% 0% 12%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 18%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 39%
3 Years: 24%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 36%
1 Year: 6%
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

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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
62.21% 62.21% 62.21% 62.21% 62.21% 62.21% 60.52% 59.69% 59.69% 59.69% 59.69% 58.92%
12.83% 12.83% 10.59% 10.92% 11.34% 11.36% 11.27% 11.58% 11.03% 10.41% 10.03% 8.91%
15.85% 16.06% 18.06% 16.99% 16.90% 17.62% 18.64% 17.96% 18.84% 19.14% 19.22% 21.50%
9.10% 8.91% 9.15% 9.89% 9.55% 8.82% 9.57% 10.78% 10.44% 10.74% 11.05% 10.67%
No. of Shareholders 39,39637,73834,45334,47932,35629,70032,16333,79833,25933,69537,79838,552

* 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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