Parag Milk Foods Ltd
PARAGMILKParag Milk Foods Ltd
PARAGMILK
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 25.34 | 2.68 | 2.44% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 56.31 | 11.17 | 1.28% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Parag Milk Foods Limited, formerly Parag Milk Foods Private Limited, is engaged in manufacturing and marketing of dairy-based branded foods.
Peers
Compare with peersÂNestle India Ltd
Britannia Industries Ltd
Adani Wilmar Ltd
Hatsun Agro Product Ltd
Bikaji Foods International Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,646.75 | 1,743.63 | 1,966.51 | 2,405.92 | 2,445.52 | 1,855.27 | 2,092.79 | 2,937.78 | 3,163.91 | 3,171.65 | ||||||||||
Raw Materials | 1,265.14 | 1,305.48 | 1,221.10 | 1,503.92 | 1,988.16 | 1,304.27 | 1,703.69 | 2,166.65 | 2,197.55 | 2,936.39 | ||||||||||
| Power & Fuel Cost | 41.60 | 47.37 | 51.30 | 33.42 | 35.80 | 38.13 | 39.04 | 46.81 | 51.44 | |||||||||||
| Employee Cost | 67.13 | 66.89 | 73.52 | 94.99 | 96.10 | 78.20 | 83.66 | 98.06 | 116.45 | |||||||||||
| Selling & Administrative Expenses | 82.38 | 184.46 | 113.79 | 174.80 | 121.09 | 89.52 | 112.92 | 138.72 | 222.43 | |||||||||||
| Operating & Other expenses | 40.75 | 58.29 | 301.51 | 365.04 | -14.33 | 209.12 | 570.23 | 322.48 | 353.28 | |||||||||||
EBITDA | 149.75 | 81.14 | 205.29 | 233.75 | 218.70 | 136.03 | -416.75 | 165.06 | 222.76 | 235.26 | ||||||||||
| Depreciation/Amortization | 33.39 | 48.96 | 50.60 | 50.19 | 53.64 | 48.63 | 53.74 | 57.28 | 60.25 | 61.13 | ||||||||||
| PBIT | 116.36 | 32.18 | 154.69 | 183.56 | 165.06 | 87.40 | -470.49 | 107.78 | 162.51 | 174.13 | ||||||||||
| Interest & Other Items | 49.57 | 33.31 | 35.73 | 35.79 | 38.10 | 46.68 | 51.58 | 56.73 | 76.65 | 76.64 | ||||||||||
| PBT | 66.79 | -1.13 | 118.96 | 147.77 | 126.96 | 40.72 | -522.07 | 51.05 | 85.86 | 97.49 | ||||||||||
| Taxes & Other Items | 19.47 | -5.87 | 31.90 | 27.07 | 33.27 | 20.02 | 10.44 | -2.19 | -4.73 | 1.02 | ||||||||||
| Net Income | 47.32 | 4.74 | 87.06 | 120.70 | 93.69 | 20.70 | -532.51 | 53.24 | 90.59 | 96.47 | ||||||||||
| EPS | 8.00 | 0.61 | 10.38 | 14.38 | 11.16 | 2.47 | -59.45 | 5.01 | 7.66 | 8.09 | ||||||||||
| DPS | 0.00 | 0.50 | 0.75 | 1.00 | 0.50 | 0.50 | 0.00 | 0.00 | 5.00 | 0.00 | ||||||||||
| Payout ratio | 0.00 | 0.81 | 0.07 | 0.07 | 0.04 | 0.20 | 0.00 | 0.00 | 0.65 | 0.00 |
Company Updates
Annual report
PDFPeers & Comparison
Consumer StaplesFMCG - Foods
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Parag Milk Foods Ltd | 26.99 | 2.68 | 2.44% |
| Nestle India Ltd | 63.70 | 74.98 | 1.24% |
| Britannia Industries Ltd | 69.86 | 37.69 | 1.18% |
| Adani Wilmar Ltd | 295.50 | 5.26 | — |
Price Comparison
Compare PARAGMILK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 3.90%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 1 Mutual Funds holding Parag Milk Foods Ltd
| Funds (Top 1) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Taurus Mid Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0315% | Percentage of the fund’s portfolio invested in the stock 0.55% | Change in the portfolio weight of the stock over the last 3 months 0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 60/68 (-4) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 4, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Sep 4, 2024
Cash Dividend
Ex DateEx DateSep 7, 2021
Dividend/Share
₹0.50
Ex DateEx Date
Sep 7, 2021
Cash Dividend
Ex DateEx DateSep 21, 2020
Dividend/Share
₹0.50
Ex DateEx Date
Sep 21, 2020
Cash Dividend
Ex DateEx DateSep 20, 2019
Dividend/Share
₹1.00
Ex DateEx Date
Sep 20, 2019
Cash Dividend
Ex DateEx DateSep 11, 2018
Dividend/Share
₹0.75
Ex DateEx Date
Sep 11, 2018
Parag Milk Foods announced that the Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live
Parag Milk Foods announced that the Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live
Parag Milk posts 27% YoY jump in Q1 PAT; EBITDA at Rs 61 crore
The company said that its business has witnessed strong double digit volume growth of 10% YoY aided by healthy volume growth in its core categories. The Ghee, Cheese and the New age businesses have witnessed volume growth of 15%, 12% and 51%YoY respectively. As per the latest IMARC report 2024; the flagship brand Gowardhan Ghee commands an improved 22% market share in the branded cow ghee segment, while the brand 'Go Cheese' sustained its 35% market share in the Cheese category. The average milk prices during Q1 FY25 were at Rs 31 per litre; down 16% YoY, while the company handled nearly 15.5 lac liters of milk per day. Gross Profit Margin (GPM) expanded by 550 basis points YoY during Q1 FY25 to 26.9% as against 21.4% in Q1FY24, led by benign milk prices and improved value-added product mix. EBITDA improved by 27% in the first quarter to Rs 61 crore from Rs 48 crore recorded in the same period last year. EBITDA margin in Q1 FY25 was 8.1% as against 6.5% in Q1 FY24. Profit before tax in Q1 FY25 stood at Rs 27 crore, up by 77% from Rs 15 crore posted in Q1 FY24. Devendra Shah, chairman of Parag Milk Foods, said: 'I am elated to share that, we have delivered double digit volume growth across our Core Categories during the quarter, reflecting our brand strength and enhanced consumer reach. The company focuses on product innovation leveraging its strong R&D capabilities. The foray into the traditional sweets category with brand 'Gowardhan' is being well received and is expected to witness a full launch during the festivities. The company continues to strengthen its building blocks and is well poised to grow exponentially towards achieving Rs 10,000 crore turnover target. Parag Milk Foods is a leading manufacturer and marketer of dairy-based branded products in India. The company's manufacturing facilities are located at Manchar in Maharashtra, Palamaner in Andhra Pradesh, and Sonipat in Haryana. The scrip shed 0.34% to currently trade at Rs 204.05 on the BSE. Powered by Capital Market - Live
Parag Milk Foods consolidated net profit rises 27.51% in the June 2024 quarter
Net profit of Parag Milk Foods rose 27.51% to Rs 27.30 crore in the quarter ended June 2024 as against Rs 21.41 crore during the previous quarter ended June 2023. Sales rose 1.11% to Rs 757.93 crore in the quarter ended June 2024 as against Rs 749.59 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales757.93749.59 1 OPM %7.365.38 - PBDT42.4529.94 42 PBT26.8115.17 77 NP27.3021.41 28 Powered by Capital Market - Live
Q1 results today: HUL, Bajaj Finance among 34 companies to announce earnings on Tuesday
Milky Mist gears up for Rs 2,000 cr IPO at a valuation of Rs 20,000 cr
Parag Milk Foods will hold a meeting of the Board of Directors of the Company on 23 July 2024.Powered by Capital Market - Live
After Amul And Mother Dairy, Parag Milk Foods Hikes Milk Prices
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.63%, vs industry avg of 9.58%
Decreasing Market Share
Over the last 5 years, market share decreased from 2.85% to 2.39%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -5.58%, vs industry avg of 11.06%