PARAGMILK - Parag Milk Foods Limited Share Price

Food Products

₹182.50-2.02(-1.09%)

Market Open as of Apr 29, 2025, 15:30 IST

What does Parag Milk Foods Limited do?

Dairy Products•Fast Moving Consumer Goods•Small Cap

Parag Milk Foods Limited processes, manufactures, and sells milk and milk related products in India and internationally. The company offers ghee, milk, paneer, sweets, curd, butter, dairy whitener, milk powder, and gulab jamun mix products. It also offers cheese wedges, spreads, slices, and angles, as well as flavored yoghurt, slim milk, cream, buttermilk, double toned milk, lassi, flavoured milk, milk shakes, beverages, UHT milk, and other dairy products. In addition, the company provides sports nutrition products, whey protein, and lactose related products. It sells its products under the Gowardhan, Go, Topp Up, Pride of Cows, and Avvatar brand names. Parag Milk Foods Limited was incorporated in 1992 and is headquartered in Pune, India.

Industry Group:Food Products

Employees:1,772

Website:www.paragmilkfoods.com

Valuation
Market Cap	2.18 kCr
Price/Earnings (Trailing)	21.28
Price/Sales (Trailing)	0.65
EV/EBITDA	8.34
Price/Free Cashflow	63.76
MarketCap/EBT	19.18

Fundamentals
Revenue (TTM)	3.33 kCr
Rev. Growth (Yr)	10.42%
Rev. Growth (Qtr)	1.4%
Earnings (TTM)	102.39 Cr
Earnings Growth (Yr)	5.58%
Earnings Growth (Qtr)	23.49%

Profitability
Operating Margin	3.41%
EBT Margin	3.41%
Return on Equity	10.64%
Return on Assets	5.21%
Free Cashflow Yield	1.57%

Income Statement for Parag Milk Foods

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	8.3%	3,090	2,853	2,026	1,792	2,391	2,346
Other Income	-61.2%	8.76	21	8.96	6.82	2.92	4.05
Total Income	7.8%	3,099	2,874	2,035	1,799	2,394	2,350
Cost of Materials	2.5%	2,438	2,378	1,828	1,301	1,753	1,494
Purchases of stock-in-trade	-	0	0	8.24	98	222	148
Employee Expense	18.4%	104	88	77	75	93	93
Finance costs	30.8%	69	53	47	46	38	36
Depreciation and Amortization	3.8%	56	54	51	49	51	48
Other expenses	33%	404	304	318	250	293	400
Total Expenses	7.4%	3,016	2,807	2,552	1,760	2,269	2,212
Profit Before exceptional items and Tax	24.2%	83	67	-517.73	39	125	138
Total profit before tax	24.2%	83	67	-517.73	39	125	138
Current tax	-	0	0	0	6.11	29	34
Deferred tax	-338.7%	-9.09	-1.3	11	15	5.26	-10.42
Total tax	-338.7%	-9.09	-1.3	11	21	35	24
Total profit (loss) for period	35.8%	92	68	-529.16	17	91	114
Other comp. income net of taxes	-100%	-0.44	0.28	0.5	0.57	0.36	0.1
Total Comprehensive Income	33.8%	92	69	-528.65	18	91	114
Earnings Per Share, Basic	23.7%	7.83	6.52	-56.56	2.08	10.8	13.59
Earnings Per Share, Diluted	23.2%	7.58	6.34	-65.19	2.08	10.78	13.56

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1.5%	869	856	744	776	789	787
Other Income	-52.8%	1.6	2.27	1.07	0.62	1.21	2.36
Total Income	1.3%	870	859	745	777	790	789
Cost of Materials	-1.8%	605	616	546	587	609	627
Purchases of stock-in-trade	-	0	0	0	0	0	0
Employee Expense	20.7%	36	30	29	28	28	25
Finance costs	15%	24	21	17	14	18	17
Depreciation and Amortization	-18.8%	14	17	14	13	14	14
Other expenses	26.1%	112	89	105	117	109	96
Total Expenses	1.1%	833	824	719	766	758	765
Profit Before exceptional items and Tax	12.1%	38	34	26	11	32	24
Total profit before tax	12.1%	38	34	26	11	32	24
Deferred tax	-28.7%	3.48	4.48	-1.11	-2.49	-1.32	-2.67
Total tax	-28.7%	3.48	4.48	-1.11	-2.49	-1.32	-2.67
Total profit (loss) for period	13.8%	34	30	27	13	33	27
Other comp. income net of taxes	0%	-0.11	-0.11	-0.11	-0.51	0	0
Total Comprehensive Income	13.8%	34	30	27	13	33	27
Earnings Per Share, Basic	23.8%	2.87	2.51	2.27	1.14	2.85	2.29
Earnings Per Share, Diluted	25.2%	2.74	2.39	2.17	1.09	2.73	2.21

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	8.5%	3,139	2,893	2,072	1,842	2,438	2,396
Other Income	-20%	25	31	21	14	7.6	10
Total Income	8.2%	3,164	2,923	2,093	1,855	2,446	2,406
Cost of Materials	2.1%	2,445	2,395	1,850	1,324	1,767	1,521
Purchases of stock-in-trade	-	0	0	8.24	98	222	148
Employee Expense	18.6%	116	98	84	78	96	95
Finance costs	38.9%	76	55	51	46	38	36
Depreciation and Amortization	5.4%	60	57	54	52	54	50
Other expenses	28.8%	435	338	346	277	316	420
Total Expenses	7.2%	3,078	2,872	2,615	1,815	2,319	2,258
Profit Before exceptional items and Tax	70%	86	51	-522.05	41	127	148
Total profit before tax	70%	86	51	-522.05	41	127	148
Current tax	-	0.82	0	0	6.11	30	36
Deferred tax	-105.3%	-5.55	-2.19	10	14	3.48	-9.2
Total tax	-79.6%	-4.73	-2.19	10	20	33	27
Total profit (loss) for period	73.1%	91	53	-532.5	21	94	121
Other comp. income net of taxes	-119.7%	-0.45	0.34	0.45	0.58	0.36	0.1
Total Comprehensive Income	67.9%	90	54	-532.04	21	94	121
Earnings Per Share, Basic	71.2%	7.71	4.92	-56.91	2.47	11.16	14.39
Earnings Per Share, Diluted	69.4%	7.47	4.82	-55.54	2.46	11.14	14.36

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1.6%	885	871	758	790	801	798
Other Income	-17.8%	6.03	7.12	5.52	7.65	5.85	5.58
Total Income	1.5%	891	878	763	798	807	804
Cost of Materials	-1.9%	608	620	547	589	610	630
Purchases of stock-in-trade	-	0	0	0	0	0	0
Employee Expense	18.2%	40	34	33	32	31	27
Finance costs	13.6%	26	23	19	16	20	19
Depreciation and Amortization	-11.8%	16	18	16	15	15	15
Other expenses	25%	121	97	115	126	117	103
Total Expenses	1.2%	853	843	737	784	774	779
Profit Before exceptional items and Tax	5.7%	38	36	27	14	33	24
Total profit before tax	5.7%	38	36	27	14	33	24
Current tax	24.8%	0	-0.33	0.33	0.55	0.01	0.13
Deferred tax	-89.6%	1.59	6.69	-0.82	3.16	-1.41	-0.93
Total tax	-89%	1.59	6.36	-0.49	3.72	-1.4	-0.8
Total profit (loss) for period	25%	36	29	27	9.81	34	25
Other comp. income net of taxes	0%	-0.11	-0.11	-0.11	-0.5	0	0.03
Total Comprehensive Income	25%	36	29	27	9.32	34	25
Earnings Per Share, Basic	40%	3.03	2.45	2.29	0.84	2.91	2.15
Earnings Per Share, Diluted	41%	2.89	2.34	2.28	0.8	2.79	2.07

Investor Care
Dividend Yield	0.31%
Dividend/Share (TTM)	0.5
Shares Dilution (1Y)	1.7%
Diluted EPS (TTM)	8.31

Financial Health
Current Ratio	1.86
Debt/Equity	0.64
Debt/Cashflow	0.16

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Balance Sheet for Parag Milk Foods

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-65.3%	4.12	10	3.59	13	9.06	79
Total current financial assets	12.6%	295	262	561	174	222	203
Inventories	-6.4%	560	598	587	558	506	468
Current tax assets	12.5%	28	25	20	0	0	0
Total current assets	5.2%	1,364	1,297	1,168	1,102	990	880
Property, plant and equipment	-2.4%	285	292	284	311	331	350
Capital work-in-progress	3.8%	10	9.67	9.69	8.64	4.96	2.84
Investment property	-	-	-	12	-	0	0
Non-current investments	0%	109	109	109	67	67	62
Loans, non-current	-152.4%	0	2.91	2.71	0	0	0
Total non-current financial assets	11.1%	151	136	161	141	140	73
Total non-current assets	1.3%	476	470	478	481	493	440
Total assets	4.2%	1,840	1,766	1,646	1,583	1,483	1,321
Borrowings, non-current	-5.5%	173	183	193	205	218	231
Total non-current financial liabilities	-3.1%	187	193	193	212	227	242
Provisions, non-current	21.7%	3.75	3.26	4.12	3.61	3.07	2.52
Total non-current liabilities	-2.6%	191	196	205	218	235	247
Borrowings, current	4%	369	355	345	322	361	241
Total current financial liabilities	-3.8%	576	599	524	491	515	478
Provisions, current	0%	0.21	0.21	0.43	0.43	0.42	0.42
Current tax liabilities	-	-	0	-	0	0	0
Total current liabilities	4.3%	674	646	578	547	555	525
Total liabilities	2.6%	865	843	783	765	790	772
Equity share capital	0%	119	119	117	117	107	95
Total equity	5.4%	974	924	863	818	693	549
Total equity and liabilities	4.2%	1,840	1,766	1,646	1,583	1,483	1,321

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-65.2%	4.48	11	3.98	14	9.49	80
Total current financial assets	12.2%	305	272	214	541	481	419
Inventories	-5.7%	580	615	605	574	517	479
Current tax assets	12.5%	28	25	20	0	0	0
Total current assets	4.1%	1,358	1,305	1,187	1,115	997	897
Property, plant and equipment	11%	394	355	361	375	391	408
Capital work-in-progress	-54.4%	32	69	59	45	23	9.6
Non-current investments	0.3%	4.63	4.62	4.62	4.92	4.99	0
Loans, non-current	-152.4%	0	2.91	2.71	0.92	0.77	0.82
Total non-current financial assets	45.5%	49	34	57	51	78	11
Total non-current assets	3.8%	608	586	556	553	565	498
Total assets	4%	1,966	1,891	1,744	1,668	1,563	1,395
Borrowings, non-current	-5.3%	231	244	251	255	254	260
Total non-current financial liabilities	-3.3%	261	270	261	265	263	271
Provisions, non-current	21.3%	4.24	3.67	4.43	3.89	3.48	2.83
Total non-current liabilities	-2.5%	271	278	265	271	273	278
Borrowings, current	4.1%	382	367	358	334	375	258
Total current financial liabilities	-3.7%	623	647	569	528	561	519
Provisions, current	252.8%	2.1	0.28	0.5	0.5	0.42	0.48
Current tax liabilities	-	-	0.32	0.28	0.12	0.14	0.17
Total current liabilities	4.4%	732	701	624	588	597	563
Total liabilities	2.6%	1,004	979	889	860	870	841
Equity share capital	0%	119	119	117	117	107	95
Total equity	5.5%	962	912	855	808	693	554
Total equity and liabilities	4%	1,966	1,891	1,744	1,668	1,563	1,395

Cash Flow for Parag Milk Foods

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	30.8%	69	53	47
Change in inventories	55%	-40.01	-90.1	219
Depreciation	3.8%	56	54	51
Unrealised forex losses/gains	-	2.5	0	0
Adjustments for interest income	-125.3%	0	4.96	4.35
Share-based payments	-	0	0	-0.73
Net Cashflows from Operations	133.3%	88	-260.59	-132.1
Interest received	-	-4.16	0	0
Income taxes paid (refund)	309.8%	11	3.44	14
Net Cashflows From Operating Activities	127.2%	73	-264.03	-146.13
Cashflows used in obtaining control of subsidiaries	-	42	0	0
Proceeds from sales of PPE	-441.4%	0.01	1.29	0.01
Purchase of property, plant and equipment	19.2%	32	27	21
Purchase of intangible assets	-29.9%	0	0.23	0.11
Cash receipts from repayment of advances and loans made to other parties	-	42	0	0
Interest received	222.7%	3.13	1.66	1.48
Other inflows (outflows) of cash	237.7%	9.15	-4.92	7.78
Net Cashflows From Investing Activities	14.7%	-24.55	-28.94	-11.6
Proceeds from issuing shares	-93.5%	14	200	163
Proceeds from borrowings	-56.2%	36	81	0
Repayments of borrowings	1736.7%	28	2.47	-115.43
Payments of lease liabilities	-	6.75	0	0
Dividends paid	-	0	0	4.77
Interest paid	25.5%	65	52	44
Other inflows (outflows) of cash	-	-1.53	0	0
Net Cashflows from Financing Activities	-123.1%	-51.21	227	230
Net change in cash and cash eq.	94.1%	-2.99	-66.22	73

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	38.9%	76	55	51
Change in inventories	55.4%	-41.77	-94.82	216
Depreciation	5.4%	60	57	54
Unrealised forex losses/gains	-	2.5	0	0
Adjustments for interest income	-140%	0	3.5	4.36
Share-based payments	-	0	0	-0.73
Net Cashflows from Operations	157.5%	115	-197.41	-134.86
Interest received	-	-4.21	0	0
Income taxes paid (refund)	351.1%	12	-3.38	14
Net Cashflows From Operating Activities	150.2%	99	-194.03	-148.96
Proceeds from sales of PPE	-441.4%	0.01	1.29	0.01
Purchase of property, plant and equipment	0%	61	61	36
Purchase of intangible assets	-29.9%	0	0.23	0.11
Proceeds from sales of long-term assets	-40.8%	0	0.29	0.4
Interest received	-60.1%	3.15	6.39	1.48
Other inflows (outflows) of cash	121.8%	9.15	-36.47	7.78
Net Cashflows From Investing Activities	40.4%	-52.93	-89.42	-26.03
Proceeds from issuing shares	-92.7%	14	179	387
Proceeds from borrowings	-49.3%	39	76	0
Repayments of borrowings	204.3%	19	-16.25	88
Payments of lease liabilities	-	7.96	0	0
Dividends paid	-	0	0	4.77
Interest paid	39.6%	75	54	47
Net Cashflows from Financing Activities	-123.2%	-49.42	218	248
Net change in cash and cash eq.	93.7%	-3.24	-65.88	73

Share Holdings

Understand Parag Milk Foods ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
DEVENDRA PRAKASH SHAH	16.93%
NETRA PRITAM SHAH	11.62%
PRITAM PRAKASH SHAH	7.67%
SIXTH SENSE INDIA OPPORTUNITIES III	6.84%
PEANENCE COMMERCIAL PVT LIMITED	4.91%
MULTITUDE GROWTH FUNDS LIMITED	4.55%
POOJAN DEVENDRA SHAH	2.76%
PRITI DEVENDRA SHAH	1.86%
INDIA INSIGHT VALUE FUND	1.76%
AKSHALI DEVENDRA SHAH	1.68%
VLS FINANCE LTD	1.4%
LATE PARAG PRAKASH SHAH	0.08%
SHABDALI DESAI	0.01%
LATE PRAKASH BABU LAL SHAH	0%
RAJANI PRAKASH SHAH	0%
SHAH STAVAN PRITAM	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
HATSUN	Hatsun Agro ProductsDairy Products	19.9 kCr	8.52 kCr	-7.34%	-18.69%	69.11	2.34	+9.83%	+19.92%
DODLA	Dodla DairyDairy Products	6.56 kCr	3.63 kCr	-5.94%	+12.57%	27.49	1.81	+17.65%	+67.65%
VADILALIND	Vadilal IndustriesDairy Products	4.72 kCr	1.23 kCr	+43.04%	+51.46%	30.27	3.82	+8.07%	+6.04%
HERITGFOOD	Heritage FoodsDairy Products	3.72 kCr	4.06 kCr	+4.14%	+20.97%	19.52	0.92	+10.64%	+133.63%

PARAGMILK - Parag Milk Foods Limited Share Price

What does Parag Milk Foods Limited do?

Valuation

Fundamentals

Profitability

Income Statement for Parag Milk Foods

Investor Care

Financial Health

Balance Sheet for Parag Milk Foods

Cash Flow for Parag Milk Foods

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is Parag Milk Foods Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)