Parag Milk Foods

Why is Parag Milk Foods Ltd falling/rising?

As of 12-Jul, Parag Milk Foods Ltd's stock is rising to Rs 231.75, up 1.36%, with a two-day total return of 2.67%. However, it has declined 20.16% year-to-date, and concerns about long-term fundamentals and reduced institutional interest may limit future growth.

As of 12-Jul, Parag Milk Foods Ltd's stock price is rising, currently at Rs 231.75, reflecting a change of 3.1 (1.36%) upwards. The stock has shown a positive performance today, outperforming its sector by 0.97% and has been gaining for the last two days, accumulating a total return of 2.67% during this period. Additionally, the stock reached an intraday high of Rs 233.3, indicating strong intraday trading activity.<BR><BR>Despite the recent gains, the stock has experienced a decline of 2.63% over the past week and a significant drop of 20.16% year-to-date. However, it is trading at a discount compared to its peers' average historical valuations, which may attract some investors looking for value. The company's profits have increased by 18.1% over the past year, despite the stock's negative return of -1.99%, suggesting that the fundamentals may still hold some appeal.<BR><BR>On the downside, there are concerns regarding the company's long-term fundamental strength, with a low average Return on Capital Employed (ROCE) of 7.28% and a high Debt to EBITDA ratio of 2.37 times, indicating potential difficulties in servicing debt. Furthermore, institutional investor participation has decreased, with a reduction of -1.39% in their stake over the previous quarter, which could signal a lack of confidence in the company's future prospects.<BR><BR>Overall, while the stock is currently rising due to short-term gains and attractive valuations, underlying concerns about long-term fundamentals and decreasing institutional interest may temper this upward momentum.

Which are the latest news on Parag Milk Foods?

Should I buy, sell or hold Parag Milk Foods Ltd?

What does Parag Milk Foods do?

Parag Milk Foods Ltd is a small-cap FMCG company specializing in dairy products, with net sales of ₹945 Cr and a net profit of ₹32 Cr as of March 2026. The company has a market cap of ₹3,026 Cr and key financial metrics include a P/E ratio of 21.00 and a debt-to-equity ratio of 0.47.

Overview:<BR>Parag Milk Foods Ltd operates in the FMCG industry, specializing in dairy products and is categorized as a small-cap company.<BR><BR>History:<BR>Parag Milk Foods Limited was incorporated in 1992 as Parag Milk & Milk Products Private Limited. The company underwent a name change to Parag Milk Foods Private Limited in 2008. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 945 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 32 Cr (Quarterly Results - Mar 2026)<BR>- Market cap: INR 3,026 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 21.00<BR>- Industry P/E: 45<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.47<BR>- Return on Equity: 11.14%<BR>- Price to Book: 2.44<BR><BR>Contact Details:<BR>Address: F No 1 P No 19 Nav Rajastan So, S B Road Shivaji Nagar Pune Maharashtra : 411016<BR>Tel: 91-20-4300555/25674761/62/63<BR>Email: cs@paragmilkfoods.com<BR>Website: http://www.paragmilkfoods.com

How big is Parag Milk Foods?

As of 10th June, Parag Milk Foods Ltd has a market capitalization of 3,026.00 Cr, classifying it as a Small Cap company, with net sales of 3,817.50 Cr and a net profit of 135.04 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Parag Milk Foods Ltd has a market capitalization of 3,026.00 Cr, which classifies it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 3,817.50 Cr, while the sum of Net Profit for the same period is 135.04 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds are valued at 1,023.41 Cr, and Total Assets amount to 2,032.64 Cr.

Who are in the management team of Parag Milk Foods?

The management team of Parag Milk Foods includes Executive Chairman Devendra Shah, Managing Director & CFO Pritam Shah, and several independent directors, along with other key executives like Akshali Devendra Shah and Company Secretary Virendra Varma. They are responsible for the company's strategic direction and operations.

The management team of Parag Milk Foods includes the following individuals:<BR><BR>1. **Devendra Shah** - Executive Chairman<BR>2. **Pritam Shah** - Managing Director & CFO<BR>3. **Nitin Dhavalikar** - Independent Director<BR>4. **Narendra Ambwani** - Independent Director<BR>5. **Radhika C Pereira** - Independent Director<BR>6. **Ramesh Chandak** - Independent Director<BR>7. **Nikhil Vora** - Director<BR>8. **Akshali Devendra Shah** - Executive Director<BR>9. **Virendra Varma** - Company Secretary & Compliance Officer<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

Who are the peers of the Parag Milk Foods?

Parag Milk Foods' peers include Mrs Bectors, VST Industries, Vadilal Inds., Gopal Snacks, ADF Foods, Heritage Foods, Prataap Snacks, Eveready Inds., Tasty Bite Eat, and Anondita Medi, with varying management risks and growth rates. Vadilal Inds. leads in 1-year returns at 8.53%, while Parag Milk Foods has a return of 7.50%.

Peers: The peers of Parag Milk Foods are Mrs Bectors, VST Industries, Vadilal Inds., Gopal Snacks, ADF Foods, Heritage Foods, Prataap Snacks, Eveready Inds., Tasty Bite Eat, and Anondita Medi.<BR><BR>Quality Snapshot: Excellent management risk is observed at VST Industries, while Good management risk is found at Mrs Bectors, and Average management risk is found at Vadilal Inds., Gopal Snacks, ADF Foods, Heritage Foods, Prataap Snacks, Eveready Inds., Tasty Bite Eat, and Anondita Medi. Growth is Excellent at Vadilal Inds., while Average growth is seen at Parag Milk Foods and the rest have Below Average growth. Capital Structure is Excellent at VST Industries, ADF Foods, Gopal Snacks, Heritage Foods, and Mrs Bectors, while Good capital structure is found at Prataap Snacks, and Below Average capital structure is noted at Parag Milk Foods.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Vadilal Inds. at 8.53%, while the lowest is Mrs Bectors at -35.43%. Parag Milk Foods has a 1-year return of 7.50%, which is higher than Mrs Bectors but lower than Vadilal Inds. Additionally, the six-month returns are negative for Mrs Bectors, Heritage Foods, and Gopal Snacks.

Are Parag Milk Foods Ltd latest results good or bad?

Parag Milk Foods Ltd's latest results show a 23.01% increase in net profit year-on-year, but revenue declined by 6.65% sequentially and operating margins fell to a seven-quarter low, raising concerns about sustainability. Overall, while profit growth is positive, the mixed signals suggest caution for investors.

Parag Milk Foods Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹32.24 crore for Q4 FY26, which is a significant increase of 23.01% year-on-year. This indicates resilience in profitability, driven by lower interest costs and improved tax efficiency. Additionally, the PAT margin improved to 3.41%, up 56 basis points from the previous year.<BR><BR>However, there are notable concerns. Revenue for the quarter declined by 6.65% sequentially, dropping to ₹945.34 crore, although it showed a modest year-on-year growth of 2.95%. The operating margin also fell to 6.28%, the lowest it has been in seven quarters, highlighting challenges in maintaining profitability amid rising input costs and competitive pressures.<BR><BR>Moreover, a significant portion of the profit before tax (46.99%) came from other income, raising questions about the sustainability of the reported profitability. The company's stock has underperformed significantly, down 23.51% year-to-date and 30.09% over the past six months, reflecting deteriorating investor sentiment.<BR><BR>In summary, while the profit growth is a positive sign, the decline in revenue and operating margins, along with heavy reliance on non-operating income, suggest that the overall results are not entirely favorable. Investors may need to be cautious given these mixed signals.

When is the next results date for Parag Milk Foods Ltd?

The next results date for Parag Milk Foods Ltd is 07 May 2026.

The next results date for Parag Milk Foods Ltd is scheduled for 07 May 2026.

How has been the historical performance of Parag Milk Foods?

Parag Milk Foods has shown significant growth, with net sales increasing from ₹2,071.75 crore in March 2022 to ₹3,432.21 crore in March 2025, and profitability improving from losses to profits across various metrics. The company's total assets and cash flow from operations also demonstrated strong recovery during this period.

Answer:<BR>The historical performance of Parag Milk Foods shows a significant upward trend in net sales and profitability over the past few years.<BR><BR>Breakdown:<BR>Parag Milk Foods has demonstrated a consistent increase in net sales, rising from 2,071.75 crore in March 2022 to 3,432.21 crore in March 2025. This growth is accompanied by a notable improvement in operating profit, which shifted from a loss of 438.37 crore in March 2022 to a profit of 292.93 crore in March 2025. The profit before tax also reflects this positive trend, increasing from a loss of 522.05 crore in March 2022 to a profit of 132.59 crore in March 2025. The profit after tax followed suit, moving from a loss of 532.50 crore in March 2022 to a profit of 118.79 crore in March 2025. Additionally, the company's total assets grew from 1,395.03 crore in March 2022 to 2,032.64 crore in March 2025, while total liabilities increased from 1,395.03 crore to 2,032.64 crore during the same period. Cash flow from operating activities improved significantly, reaching 212 crore in March 2025 compared to a negative cash flow of 190 crore in March 2023. Overall, these metrics indicate a strong recovery and growth trajectory for Parag Milk Foods.

Is Parag Milk Foods overvalued or undervalued?

As of November 12, 2025, Parag Milk Foods is considered fairly valued with a PE ratio of 32.90, an EV to EBITDA of 19.18, and a ROCE of 11.77%, making it attractive compared to peers like Hindustan Unilever and Nestle India, while also outperforming the Sensex with a year-to-date return of 89.32%.

As of 12 November 2025, the valuation grade for Parag Milk Foods has moved from very attractive to attractive. The company is currently considered fairly valued. Key ratios include a PE ratio of 32.90, an EV to EBITDA of 19.18, and a ROCE of 11.77%. <BR><BR>In comparison to its peers, Parag Milk Foods' PE ratio is significantly lower than that of Hindustan Unilever at 53.85 and Nestle India at 82.31, both of which are classified as very expensive. Additionally, Parag's PEG ratio of 1.15 suggests a reasonable growth expectation relative to its price. Notably, Parag Milk Foods has outperformed the Sensex over various periods, with a year-to-date return of 89.32% compared to the Sensex's 8.10%, reinforcing its attractive valuation in the current market.

How has been the historical performance of Parag Milk Foods?

Parag Milk Foods has shown significant growth from March 2022 to March 2025, with net sales increasing from ₹2,071.75 crore to ₹3,432.21 crore and a turnaround in profitability, moving from losses to profits in operating profit, profit before tax, and profit after tax. Total assets and cash flow from operating activities also improved markedly during this period.

Answer:<BR>The historical performance of Parag Milk Foods shows a significant upward trend in net sales and profitability over the years, particularly from March 2022 to March 2025.<BR><BR>Breakdown:<BR>Parag Milk Foods has demonstrated a consistent increase in net sales, rising from 2,071.75 crore in March 2022 to 3,432.21 crore in March 2025. This growth is accompanied by a notable improvement in operating profit, which transitioned from a loss of 438.37 crore in March 2022 to a profit of 292.93 crore in March 2025. The profit before tax also reflects this positive trend, increasing from a loss of 522.05 crore in March 2022 to a profit of 132.59 crore in March 2025. Profit after tax followed suit, moving from a loss of 532.50 crore in March 2022 to a profit of 118.79 crore in March 2025. The company's total assets grew from 1,395.03 crore in March 2022 to 2,032.64 crore in March 2025, while total liabilities increased from 1,395.03 crore to 2,032.64 crore during the same period. Cash flow from operating activities improved significantly, reaching 212 crore in March 2025, compared to a negative cash flow of 190 crore in March 2023. Overall, Parag Milk Foods has shown a strong recovery and growth trajectory in its financial performance over the past few years.

Is Parag Milk Foods technically bullish or bearish?

As of 14 October 2025, Parag Milk Foods shows a mildly bullish trend with supportive indicators like a bullish MACD and moving average, but caution is advised due to mildly bearish signals from the KST and a lack of momentum in the RSI.

As of 14 October 2025, the technical trend for Parag Milk Foods has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on both weekly and monthly time frames, and a bullish daily moving average. The Bollinger Bands indicate a mildly bullish trend on the weekly and bullish on the monthly. However, the KST shows a mildly bearish signal on both weekly and monthly time frames, which slightly tempers the overall bullish outlook. The RSI shows no signal on both time frames, indicating a lack of momentum. Overall, while the indicators lean towards a bullish stance, the presence of mildly bearish signals suggests caution.

Who are the top shareholders of the Parag Milk Foods?

The top shareholders of Parag Milk Foods include promoter Devendra Prakash Shah with 16.93%, public shareholder Sixth Sense India Opportunities III at 6.84%, and Foreign Institutional Investors collectively holding 8.46%. Individual investors account for 29.57% of the shares, with no pledged promoter holdings.

The top shareholders of Parag Milk Foods include the promoters, who hold a majority stake in the company. The promoter with the highest holding is Devendra Prakash Shah, owning 16.93% of the shares. Additionally, the highest public shareholder is Sixth Sense India Opportunities III, which holds 6.84%. Foreign Institutional Investors (FIIs) have a collective stake of 8.46%, represented by 44 different FIIs. Individual investors account for 29.57% of the shareholding. Notably, there are no pledged promoter holdings, indicating a strong position among the promoters.

Has Parag Milk Foods declared dividend?

Yes, Parag Milk Foods Ltd has declared a 5% dividend with an ex-date of September 4, 2024. However, the current dividend yield is 0%, and total returns have varied significantly over different periods, showing strong price appreciation.

Parag Milk Foods Ltd has declared a 5% dividend, ex-date: 04 Sep 24.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Ex-date: 04 Sep 24<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -1.09%, with no dividend return, resulting in a total return of -1.09%.<BR><BR>Over the past year, the price return was 19.12%, with no dividend return, leading to a total return of 19.12%.<BR><BR>In the 2-year period, the price return was 99.99%, with no dividend return, resulting in a total return of 99.99%.<BR><BR>For the 3-year period, the price return was 140.19%, with no dividend return, culminating in a total return of 140.19%.<BR><BR>In the 4-year period, the price return was 52.89%, with a dividend return of 0.36%, giving a total return of 53.25%.<BR><BR>Over the last 5 years, the price return was 137.91%, with a dividend return of 1.03%, resulting in a total return of 138.94%.<BR><BR>Overall, while Parag Milk Foods has declared a dividend, the recent dividend yield remains at 0%. The total returns over various periods indicate significant price appreciation, particularly over longer durations, despite the lack of consistent dividend returns.