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 ₹ 6,675 Cr.
- Current Price ₹ 1,106
- High / Low ₹ 1,525 / 955
- Stock P/E 24.8
- Book Value ₹ 278
- Dividend Yield 0.45 %
- ROCE 18.0 %
- ROE 17.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Tax rate seems low
- 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 1,590 | 1,692 | 2,139 | 1,944 | 2,243 | 2,812 | 3,125 | 3,720 | 4,125 | |
| 1,476 | 1,556 | 1,996 | 1,700 | 2,031 | 2,619 | 2,835 | 3,338 | 3,817 | |
| Operating Profit | 114 | 135 | 143 | 244 | 212 | 193 | 290 | 382 | 308 |
| OPM % | 7% | 8% | 7% | 13% | 9% | 7% | 9% | 10% | 7% |
| 6 | 7 | 5 | 6 | 13 | 22 | 26 | 53 | 58 | |
| Interest | 11 | 12 | 17 | 13 | 7 | 2 | 3 | 4 | 3 |
| Depreciation | 28 | 37 | 49 | 51 | 52 | 61 | 70 | 75 | 82 |
| Profit before tax | 80 | 93 | 82 | 186 | 166 | 152 | 244 | 356 | 281 |
| Tax % | 29% | 33% | 39% | 32% | 20% | 19% | 32% | 27% | 5% |
| 57 | 63 | 50 | 126 | 133 | 122 | 167 | 260 | 267 | |
| EPS in Rs | 173.72 | 11.27 | 8.96 | 21.60 | 22.32 | 20.55 | 28.03 | 43.09 | 44.26 |
| Dividend Payout % | 0% | 0% | 58% | 0% | 0% | 0% | 0% | 12% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 14% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 31% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 17% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| Reserves | 336 | 351 | 378 | 600 | 784 | 913 | 1,079 | 1,346 | 1,614 |
| 132 | 167 | 160 | 99 | 13 | 32 | 46 | 42 | 57 | |
| 135 | 178 | 199 | 216 | 232 | 247 | 293 | 282 | 365 | |
| Total Liabilities | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,096 |
| 327 | 500 | 536 | 549 | 566 | 624 | 713 | 750 | 1,056 | |
| CWIP | 16 | 11 | 11 | 8 | 4 | 58 | 12 | 12 | 109 |
| Investments | 67 | 26 | 12 | 60 | 184 | 260 | 196 | 644 | 411 |
| 197 | 214 | 233 | 355 | 334 | 310 | 556 | 324 | 520 | |
| Total Assets | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,096 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 87 | 136 | 166 | 245 | 171 | 161 | -1 | 520 | 295 | |
| -66 | -148 | -76 | -200 | -137 | -210 | 30 | -526 | -286 | |
| -41 | 60 | -26 | 11 | -49 | 15 | -1 | -8 | -25 | |
| Net Cash Flow | -20 | 48 | 64 | 55 | -14 | -35 | 28 | -14 | -15 |
| Free Cash Flow | 16 | 39 | 71 | 189 | 101 | 56 | -105 | 412 | 135 |
| CFO/OP | 91% | 114% | 124% | 121% | 99% | 107% | 22% | 165% | 114% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 40 | 36 | 27 | 26 | 27 | 20 | 62 | 22 | 18 |
| Days Payable | 19 | 22 | 17 | 23 | 23 | 22 | 24 | 21 | 22 |
| Cash Conversion Cycle | 22 | 16 | 11 | 4 | 5 | -0 | 40 | 2 | -3 |
| Working Capital Days | -13 | -6 | -13 | -15 | -8 | -7 | 19 | -6 | 19 |
| ROCE % | 20% | 17% | 30% | 21% | 16% | 22% | 27% | 18% |
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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Closure of Trading Window
1d - Trading window closed from 1 July 2026 until 48 hours after Q1 FY27 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Jun - Newspaper Advertisement for 31st AGM and E-voting information
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Business Responsibility and Sustainability Reporting (BRSR)
20 Jun - Dodla Dairy submitted BRSR for FY2025-26, including ESG, operations, and compliance disclosures.
- Notice Of The 31St Annual General Meeting Scheduled To Be Held On Tuesday, 14 July 2026 20 Jun
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Reg. 34 (1) Annual Report.
20 Jun - 31st AGM on 14 July 2026; FY2025-26 annual report uploaded.
Annual reports
Concalls
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May 2026Transcript PPT
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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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Feb 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]