1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Milkfood Limited

Milkfood Limited

MLKFOOD.BO
Milkfood LimitedIN flagBombay Stock Exchange
71.76
INR
+0.05
- -
1.75BMarket Cap
Milkfood Limited
MLKFOOD.BO
(Bombay Stock Exchange)

Recent

price

71.76

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
154.06
155.77
170.29
217.53
188.99
190.49
197.06
245.54
268.09
276.61
184.59
156.34
227.65
213.02
184.26
- -
168.99
Revenue per Share
-2.64
0.3
0.34
0.6
0.51
0.48
-0.51
4.17
5.23
4.29
1.25
1.79
4.99
3.47
1.86
- -
18.12
Basic EPS, GAAP
-7.7
5.03
1.41
10.01
-0.38
20.65
13.53
13.97
17.35
10.05
6.82
4.25
-19.43
8.33
6.18
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.62
0.62
0.63
- -
- -
Dividend per Share
2.5
2.5
2.5
2.5
2.5
43.38
42.86
46.81
24.71
29.22
57.47
59.33
63.34
63.24
5.02
- -
4.99
Book Value per Share
15.97
16.27
16.61
17.22
17.7
46.8
43.78
50.24
55.39
59.69
60.89
62.76
68.06
68.88
58.68
- -
77.98
Tangible Book Value per Share
20
20
20
20
20
20
20
20
20
20
20
20
20
21
24
- -
24
Basic Weighted Avg Shares
3,011
3,045
3,328
4,252
3,694
3,723
3,852
4,799
5,240
5,407
3,608
3,056
4,450
4,369
4,478
4,129
4,129
Sales/Revenue/Turnover
2.27
4.02
3.64
3.19
2.53
3.22
4.11
4.16
4.12
3.13
3.07
2.12
3.93
2.99
3.69
-0.2
-0.2
Operating Margin (%)
47
50
43
59
64
93
54
64
68
81
88
38
64
67
71
72
72
Depreciation Expense
-52
6
7
12
10
9
-10
82
102
84
24
35
98
71
45
443
443
Net Income, GAAP
- -
56.08
30.19
50.32
41.76
39.22
- -
15.88
23.43
4.33
25.15
- -
15.14
19.27
40.37
22.42
22.44
Effective Tax Rate (%)
-1.72
0.19
0.2
0.28
0.27
0.25
-0.26
1.7
1.95
1.55
0.68
1.14
2.19
1.63
1.01
10.73
10.72
Profit Margin (%)
3
67
65
-29
70
-64
24
-79
78
32
213
277
303
265
212
833
833
Working Capital
415
337
232
185
140
224
186
122
93
128
160
175
719
645
609
281
281
LT Debt
312
318
325
336
346
915
903
982
1,083
1,167
1,190
1,227
1,330
1,749
1,762
2,242
2,242
Total Equity
- -
4.62
7.21
5.78
4.68
4.79
- -
9.79
9.86
8.99
4.31
- -
6.6
3.87
3.37
-0.2
-0.2
Return on Invested Capital (%)
- -
5.78
9.36
7.18
6.42
5.88
- -
9.77
11.77
13.2
5.16
- -
7.95
7.11
5.84
43.46
43.44
Return on Capital (%)
-105.79
11.87
13.7
24.13
20.25
2.07
-1.19
9.31
14.64
15.92
2.88
3.06
8.13
5.62
6.37
363.33
363.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
669
- -
823
LT Borrowings
593
- -
269
LT Finance Leases
22
- -
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
- -
24
Market Capitalization
1,862
1,502
1,401

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,249
- -
2,045
Cash, Cash Equivalents & STI
30
- -
482
Accounts Receivable, Net
682
- -
555
Inventories
205
- -
459
Total Current Liabilities
1,007
- -
1,212
Payables & Accruals
- -
- -
- -
ST Debt
669
- -
823
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.84%
14.19%
27.21%
Free Cash Flow
-166.18%
-316.1%
-828.65%
Net Income, GAAP
-14.83%
207.76%
879.87%
Sales/Revenue/Turnover
3.03%
4.64%
-7.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
945
1,058
1,150
1,004
4,369
2025
960
804
1,133
1,580
4,478
2026
737
740
863
1,789
4,129

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.7
1.68
0.57
- -
3.47
2025
0.24
0.37
0.26
0.99
1.86
2026
-0.28
-3.22
0.58
21.09
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.62
2025
- -
- -
- -
- -
0.63
2026
- -
- -
- -
- -
- -
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Business
Milkfood Limited manufactures and sells dairy products in India. The company produces skimmed milk powder, full cream milk powder, edible grade acid casein, demineralized whey powder, dairy creamers, dairy whitener and pure ghee; its full cream milk powder serves applications in milk chocolate, ice cream, yogurt, cottage cheese and bakery products, while acid casein supports analog cheese, coffee whiteners, whipped toppings, frozen desserts, confectionery, noodles, chocolates and sweets. Incorporated in 1973 and headquartered in New Delhi with manufacturing facilities in Patiala, Punjab, and previously Moradabad, Uttar Pradesh, Milkfood Limited operates primarily in northern India as part of the Jagatjit Group of Industries and targets both domestic consumers and industrial users in food processing. In January 2025, the company sells its 21-acre Moradabad plant land for INR 140-150 crore to fund expansion into ice cream, cheese and butter production, including a new ice cream facility in Delhi NCR, relocates Moradabad staff to Patiala and aims to become debt-free; the National Company Law Tribunal approves the amalgamation of Triputi Infrastructure Private Limited with Milkfood Limited, and its subsidiary is MFL Trading Private Limited.