Parag Milk Foods Limited
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Dairy Products
Key metrics
Price as of 2026-07-17
Stock price
₹223.73
Market cap
2,797 Cr
Stock P/E
20.4
P/B
2.22
Dividend yield
0.4%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 750 Cr | 1,548 Cr | 2,349 Cr | 3,139 Cr | 758 Cr | 1,629 Cr | 885 Cr | 918 Cr | 852 Cr | 1,008 Cr | 1,013 Cr | 945 Cr |
| Operating expenses (approx.) | 703 Cr | 1,443 Cr | 2,170 Cr | 2,916 Cr | 697 Cr | 1,492 Cr | 805 Cr | 843 Cr | 786 Cr | 919 Cr | 941 Cr | 867 Cr |
| EBITDA | 46 Cr | 105 Cr | 178 Cr | 222 Cr | 61 Cr | 138 Cr | 80 Cr | 75 Cr | 66 Cr | 89 Cr | 72 Cr | 78 Cr |
| OPM % | 6.2% | 6.8% | 7.6% | 7.1% | 8.1% | 8.4% | 9.0% | 8.2% | 7.7% | 8.9% | 7.1% | 8.3% |
| Other income | 6 Cr | 12 Cr | 18 Cr | 25 Cr | 6 Cr | 13 Cr | 6 Cr | 13 Cr | 8 Cr | 18 Cr | 9 Cr | 19 Cr |
| Interest | 17 Cr | 35 Cr | 60 Cr | 76 Cr | 19 Cr | 42 Cr | 26 Cr | 25 Cr | 20 Cr | 20 Cr | 21 Cr | 21 Cr |
| Depreciation | 15 Cr | 30 Cr | 46 Cr | 60 Cr | 16 Cr | 34 Cr | 16 Cr | 17 Cr | 16 Cr | 19 Cr | 18 Cr | 18 Cr |
| Profit before tax | 15 Cr | 40 Cr | 72 Cr | 86 Cr | 27 Cr | 62 Cr | 38 Cr | 33 Cr | 29 Cr | 50 Cr | 33 Cr | 40 Cr |
| Tax % | -41.1% | -17.8% | -11.7% | -5.5% | -1.8% | 9.4% | 4.2% | 19.5% | 5.5% | 9.6% | 9.2% | 19.7% |
| Net profit | 21 Cr | 47 Cr | 81 Cr | 91 Cr | 27 Cr | 57 Cr | 36 Cr | 26 Cr | 28 Cr | 46 Cr | 30 Cr | 32 Cr |
| EPS (₹) | ₹1.83 | ₹3.97 | ₹6.88 | ₹7.71 | ₹2.29 | ₹4.74 | ₹3.03 | ₹2.20 | ₹2.31 | ₹3.83 | ₹2.37 | ₹2.58 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,396 Cr | 2,438 Cr | 1,842 Cr | 2,072 Cr | 2,893 Cr | 3,139 Cr | 3,432 Cr | 3,818 Cr | Sign in for TTM |
| Operating expenses (approx.) | 2,162 Cr | 2,227 Cr | 1,703 Cr | 2,489 Cr | 2,760 Cr | 2,942 Cr | 3,139 Cr | 3,513 Cr | Sign in for TTM |
| EBITDA | 234 Cr | 211 Cr | 138 Cr | -417 Cr | 133 Cr | 197 Cr | 293 Cr | 305 Cr | Sign in for TTM |
| OPM % | 9.8% | 8.7% | 7.5% | -20.1% | 4.6% | 6.3% | 8.5% | 8.0% | Sign in for TTM |
| Other income | 10 Cr | 8 Cr | 14 Cr | 21 Cr | 31 Cr | 25 Cr | 40 Cr | 53 Cr | Sign in for TTM |
| Interest | 36 Cr | 38 Cr | 46 Cr | 51 Cr | 55 Cr | 76 Cr | 93 Cr | 81 Cr | Sign in for TTM |
| Depreciation | 50 Cr | 54 Cr | 52 Cr | 54 Cr | 57 Cr | 60 Cr | 67 Cr | 71 Cr | Sign in for TTM |
| Profit before tax | 148 Cr | 127 Cr | 41 Cr | -522 Cr | 51 Cr | 86 Cr | 133 Cr | 152 Cr | Sign in for TTM |
| Tax % | 18.3% | 26.2% | 49.2% | -2.0% | -4.3% | -5.5% | 10.4% | 11.4% | Sign in for TTM |
| Net profit | 121 Cr | 94 Cr | 21 Cr | -532 Cr | 53 Cr | 91 Cr | 119 Cr | 135 Cr | Sign in for TTM |
| EPS (₹) | ₹14.39 | ₹11.16 | ₹2.47 | ₹-56.91 | ₹4.92 | ₹7.71 | ₹9.97 | ₹11.06 | Sign in for TTM |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | 5.0% | 8.8% | Sign in for TTM |
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Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 84 Cr | 84 Cr | 84 Cr | 95 Cr | 117 Cr | 119 Cr | 119 Cr | 125 Cr |
| Reserves | 743 Cr | 827 Cr | 844 Cr | 459 Cr | 691 Cr | 793 Cr | 904 Cr | 1,134 Cr |
| Borrowings | 209 Cr | 370 Cr | 333 Cr | 472 Cr | 589 Cr | 612 Cr | 363 Cr | 382 Cr |
| Other liabilities | 381 Cr | 404 Cr | 385 Cr | 300 Cr | 270 Cr | 367 Cr | 646 Cr | 640 Cr |
| Total liabilities | 1,415 Cr | 1,685 Cr | 1,638 Cr | 1,321 Cr | 1,668 Cr | 1,891 Cr | 2,033 Cr | 2,281 Cr |
| Fixed assets (net) | 376 Cr | 413 Cr | 379 Cr | 350 Cr | 375 Cr | 355 Cr | 449 Cr | 461 Cr |
| CWIP | 23 Cr | 7 Cr | 0.93 Cr | 3 Cr | 45 Cr | 69 Cr | 19 Cr | 37 Cr |
| Investments | 0.53 Cr | 0.55 Cr | 63 Cr | 62 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr |
| Other assets | 902 Cr | 1,171 Cr | 1,174 Cr | 880 Cr | 1,115 Cr | 1,305 Cr | 1,358 Cr | 1,331 Cr |
| Total assets | 1,415 Cr | 1,685 Cr | 1,638 Cr | 1,321 Cr | 1,668 Cr | 1,891 Cr | 2,033 Cr | 2,281 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | -149 Cr | -194 Cr | 99 Cr | 212 Cr | 149 Cr |
| Cash from investing | — | — | — | -26 Cr | -89 Cr | -53 Cr | -132 Cr | -98 Cr |
| Cash from financing | — | — | — | 248 Cr | 218 Cr | -49 Cr | -78 Cr | -60 Cr |
| Net cash flow | — | — | — | 73 Cr | -66 Cr | -3 Cr | 1 Cr | -9 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -185 Cr | -255 Cr | 38 Cr | 88 Cr | 43 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 22.2% | 12.3% | 9.3% | -85.0% | 5.4% | 9.0% | 16.3% | 14.2% |
| ROE % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 9.9% | 0.0% | 0.0% |
| Debtor days | 42 | 45 | 32 | 22 | 21 | 28 | — | — |
| Inventory days | 109 | 131 | 192 | 93 | 87 | 92 | 85 | 91 |
| Days payable | 70 | 61 | 81 | 41 | 23 | 32 | — | — |
| Cash conversion cycle | 81 | 115 | 143 | 73 | 85 | 88 | 85 | 91 |
| Debt / equity | 0.25 | 0.41 | 0.36 | 0.86 | 0.73 | 0.67 | 0.35 | 0.30 |
| Current ratio | 1.73 | 1.65 | 1.71 | 1.68 | 1.89 | 1.86 | 1.91 | 1.71 |
| Net debt / EBITDA | 0.00 | 1.65 | 0.00 | — | 4.33 | 3.05 | 1.20 | 1.25 |
Compare with peers
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