1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Food: meat/fish/dairy
Parag Milk Foods Ltd.

Parag Milk Foods Ltd.

248.40
INR
-5.25
(-2.07%)
10.11EPS
22.28P/E
29.20BMarket Cap
Nov 16Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
158.58
248.56
251.1
210.14
232.99
266.48
286.08
213.75
218.32
271.61
262.03
279.08
308.03
316.51
Basic EPS, GAAP
2.44
5.54
7.22
0.58
10.38
14.39
11.16
2.47
-56.91
5.07
7.71
9.97
11.06
10.48
Free Cash Flow per Basic Share
-1.93
9.84
4.78
-13.48
-5.4
6.16
-11.7
6.62
-19.06
-23.18
3.5
7.26
3.29
- -
Dividend per Share
- -
- -
- -
- -
0.6
0.91
1.21
0.5
0.51
- -
- -
0.5
0.98
- -
Book Value per Share
13.81
17.59
47.32
74.29
84.89
98.54
108.55
110.57
58.2
68.93
76.52
85.85
100.68
- -
Tangible Book Value per Share
13.2
16.88
46.62
73.73
84.33
98.13
108.24
110.34
58.16
68.92
76.44
85.69
100.14
- -
Basic Weighted Avg Shares
66
58
66
82
84
84
84
84
94
105
117
119
122
124
Sales/Revenue/Turnover
10,390
14,441
16,452
17,307
19,545
22,363
24,013
17,942
20,426
28,537
30,777
33,267
37,615
39,106
Operating Margin (%)
5.63
5.96
7.47
2.72
8.03
9.21
6.81
4.71
-22.96
3.65
5.26
7.91
5.87
4.97
Depreciation Expense
275
275
334
490
506
502
536
486
537
573
603
672
707
729
Net Income, GAAP
160
322
473
48
871
1,207
937
207
-5,325
533
906
1,188
1,351
1,295
Effective Tax Rate (%)
- -
6
29.15
- -
26.82
18.31
26.2
49.16
- -
- -
- -
10.41
11.38
15.07
Profit Margin (%)
1.54
2.23
2.88
0.27
4.45
5.4
3.9
1.15
-26.07
1.87
2.94
3.57
3.59
3.31
Working Capital
9
-643
738
2,586
3,097
3,752
4,617
4,776
3,448
5,403
6,037
6,473
5,543
- -
LT Debt
2,726
1,723
1,188
703
635
646
594
419
2,709
2,655
2,704
2,833
2,102
- -
Total Equity
972
1,239
3,332
6,249
7,122
8,271
9,112
9,281
5,540
8,079
9,121
10,234
12,586
- -
Return on Invested Capital (%)
- -
5.49
7.77
- -
12.75
15.39
10.89
3.46
- -
- -
- -
12.91
10.64
- -
Return on Capital (%)
- -
12.05
12.61
- -
11.57
14.25
10.04
3.28
- -
- -
- -
12.61
11.69
- -
Return on Common Equity (%)
17.9
29.14
20.7
0.99
13.02
15.68
10.78
2.25
-71.85
7.82
10.53
12.27
11.84
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,973
- -
LT Borrowings
- -
1,580
- -
LT Finance Leases
- -
522
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
125
125
125
Market Capitalization
36,306
22,484
29,197

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
13,312
- -
Cash, Cash Equivalents & STI
- -
183
- -
Accounts Receivable, Net
- -
2,445
- -
Inventories
- -
7,303
- -
Total Current Liabilities
- -
7,769
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,973
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.33%
10.72%
22.98%
Free Cash Flow
-161.86%
-88.77%
-53.51%
Net Income, GAAP
-108.8%
-533.38%
13.69%
Sales/Revenue/Turnover
9.72%
16.51%
13.07%
Total Cash Common Dividend
- -
- -
100%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7,579
8,713
8,847
9,183
33,267
2026
8,515
10,080
10,127
9,453
37,615
2027
9,446
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.29
2.45
3.03
2.2
9.97
2026
2.31
3.83
2.37
2.58
11.06
2027
1.76
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
0.98
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Devendra Prakash Shah
Full Time Employees
3,400
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Awsari Phata Mumbai MH India 410503
IPO Date
May 19, 2016
Website
paragmilkfoods.com
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Business
Parag Milk Foods Limited, founded in 1992 and headquartered in Mumbai, India, manufactures and markets a diverse portfolio of value-added dairy products made from 100% fresh cow's milk, operating processing plants in Manchar (Maharashtra), Palamaner (Andhra Pradesh), and Sonipat (Haryana), with a subsidiary dairy farm in Manchar. The company offers traditional products under the Gowardhan brand including ghee, paneer, curd, butter, skimmed milk powder, whole milk powder, dairy whitener, gulab jamun mix, and sweets; processed cheese, natural cheese, cheese spreads, yogurt, UHT milk, buttermilk, lassi, and flavoured milk under the Go brand; premium farm-to-home fresh milk and upcoming high-protein yogurt, Greek yogurt, paneer, and natural cheeses under the Pride of Cows brand; flavoured milk under Topp Up; and vegetarian whey protein concentrates, including new mango flavours and planned protein snacks and chips, under the Avvatar brand. Parag Milk Foods serves retail, foodservice, institutional, and export markets across India and internationally, with value-added products comprising approximately 75-80% of revenues. In 2025, the company announces a Rs 400 crore investment over three to four years from internal accruals to expand cheese production capacity from 60 to 120 tonnes per day, scale Avvatar into new categories with doubled business in three years via a new whey filtration plant, grow Pride of Cows milk output to 250,000 litres daily by 2027 through a 500-acre sustainable greenfield facility at Bota, Nashik featuring biogas and rainwater harvesting, and accelerate new product launches across brands amid 79% year-on-year growth in new-age businesses; it also doubles advertising budgets for high-impact media partnerships in H1 2025, renews Kaun Banega Crorepati integration for tier 2/3 reach, issues warrants raising Rs 40.3 crore for debt reduction, and targets Rs 10,000 crore revenue via 1.5 million distribution touchpoints.