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 ₹ 7,848 Cr.
- Current Price ₹ 1,301
- High / Low ₹ 1,525 / 962
- Stock P/E 30.4
- Book Value ₹ 233
- Dividend Yield 0.38 %
- 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
* 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 | 3,815 | |
1,476 | 1,556 | 1,996 | 1,700 | 2,031 | 2,619 | 2,835 | 3,338 | 3,457 | |
Operating Profit | 114 | 135 | 143 | 244 | 212 | 193 | 290 | 382 | 358 |
OPM % | 7% | 8% | 7% | 13% | 9% | 7% | 9% | 10% | 9% |
6 | 7 | 5 | 6 | 13 | 22 | 26 | 53 | 63 | |
Interest | 11 | 12 | 17 | 13 | 7 | 2 | 3 | 4 | 3 |
Depreciation | 28 | 37 | 49 | 51 | 52 | 61 | 70 | 75 | 74 |
Profit before tax | 80 | 93 | 82 | 186 | 166 | 152 | 244 | 356 | 344 |
Tax % | 29% | 33% | 39% | 32% | 20% | 19% | 32% | 27% | |
57 | 63 | 50 | 126 | 133 | 122 | 167 | 260 | 258 | |
EPS in Rs | 173.72 | 11.27 | 8.96 | 21.60 | 22.32 | 20.55 | 28.03 | 43.09 | 42.74 |
Dividend Payout % | 0% | 0% | 58% | 0% | 0% | 0% | 0% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 18% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 39% |
3 Years: | 24% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 39% |
1 Year: | 10% |
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 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 |
Reserves | 336 | 351 | 378 | 600 | 784 | 913 | 1,079 | 1,346 |
132 | 167 | 160 | 99 | 13 | 32 | 46 | 42 | |
135 | 178 | 199 | 216 | 232 | 247 | 293 | 282 | |
Total Liabilities | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 |
327 | 500 | 536 | 549 | 566 | 624 | 713 | 750 | |
CWIP | 16 | 11 | 11 | 8 | 4 | 58 | 12 | 12 |
Investments | 67 | 26 | 12 | 60 | 184 | 260 | 196 | 644 |
197 | 214 | 233 | 355 | 334 | 310 | 556 | 324 | |
Total Assets | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 |
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 | 9 | 2 | -5 | -8 | -7 | -7 | 19 | -5 |
ROCE % | 20% | 17% | 30% | 21% | 16% | 22% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23h - Dodla Dairy Q1 FY26: INR1007 Cr revenue, 10.5% growth, margin pressure from rains, OSAM acquisition, Maharashtra expansion.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 Jul - Q1 FY26 earnings call audio uploaded on company website for investor access.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jul
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Announcement under Regulation 30 (LODR)-Change in Management
21 Jul - Q1 FY26 results approved; Mr. Rajani Kumar appointed Head of Production & Maintenance.
- Announcement under Regulation 30 (LODR)-Investor Presentation 21 Jul
Annual reports
Concalls
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Jul 2025Transcript PPT REC
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Oct 2021Transcript PPT
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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 + and Pride of Cows brands and includes Milk, yogurt with different flavors, paneer, cheese and UHT milk. [4]