Parag Milk Foods

What does Parag Milk Foods do?

Parag Milk Foods Ltd is a small-cap FMCG company specializing in the production and distribution of milk and milk products. As of March 2025, it reported net sales of ₹918 Cr and a net profit of ₹26 Cr.

Overview:<BR>Parag Milk Foods Ltd operates in the FMCG industry, focusing on the production and distribution of milk and milk 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 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 918 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 26 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 2,542 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 22.00<BR>- Industry P/E: 54<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.61<BR>- Return on Equity: 11.61%<BR>- Price to Book: 2.52<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

Who are in the management team of Parag Milk Foods?

As of March 2022, the management team of Parag Milk Foods includes Devendra Shah (Executive Chairman), Pritam Shah (Managing Director & CFO), and several independent directors, among others, overseeing the company's operations and strategy.

As of March 2022, 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 is responsible for overseeing the company's operations and strategic direction.

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.

Who are the peers of the Parag Milk Foods?

Parag Milk Foods' peers include Hind. Unilever, ITC, Nestle India, Britannia Inds., and others, with varying management risks and growth rates. Parag Milk Foods has a 1-year return of 25.78%, outperforming its peers significantly.

Peers: The peers of Parag Milk Foods are Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, Bajaj Consumer, Venky's (India), Eveready Inds., HMA Agro Inds., and Andrew Yule & Co.<BR><BR>Quality Snapshot: Excellent management risk is observed at ITC, Nestle India, Britannia Inds., and Bajaj Consumer, while Good management risk is found at Hind. Unilever, Godrej Consumer, and Eveready Inds. Average management risk is present at Parag Milk Foods, Venky's (India), and HMA Agro Inds., while Below Average management risk is noted at Andrew Yule & Co. Growth is Average at Nestle India, while Below Average growth is seen at Hind. Unilever, ITC, Britannia Inds., Godrej Consumer, Bajaj Consumer, and the rest. Venky's (India) shows Good growth, while Parag Milk Foods, Eveready Inds., HMA Agro Inds., and Andrew Yule & Co. exhibit Below Average growth. Capital Structure is Excellent for Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, and Bajaj Consumer, while Parag Milk Foods and HMA Agro Inds. have Below Average capital structure, and the rest have Average to Below Average ratings.<BR><BR>Return Snapshot: Parag Milk Foods has a 1-year return of 25.78%, which is higher than the peer with the highest return, Britannia Inds. at 7.56%, and significantly higher than the peer with the lowest return, Bajaj Consumer at -23.83%. Additionally, the six-month returns are negative for Bajaj Consumer, Eveready Inds., and HMA Agro Inds.

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.

How big is Parag Milk Foods?

As of 24th July, Parag Milk Foods Ltd has a market capitalization of 3,027.00 Cr, with net sales of 3,525.80 Cr and a net profit of 119.07 Cr reported in the latest four quarters. The balance sheet for March 2024 shows shareholder's funds of 912.11 Cr and total assets of 1,883.11 Cr.

As of 24th July, Parag Milk Foods Ltd has a market capitalization of 3,027.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Parag Milk Foods reported Net Sales of 3,525.80 Cr and a Net Profit of 119.07 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 912.11 Cr and Total Assets of 1,883.11 Cr.

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.

When is the next results date for Parag Milk Foods?

The next results date for Parag Milk Foods is 11 November 2025.

The next results date for Parag Milk Foods is scheduled for 11 November 2025.

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.

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.

Are Parag Milk Foods Ltd latest results good or bad?

Parag Milk Foods Ltd's latest results show record revenue growth of 14.46% to ₹1,012.69 crores, but net profit fell 35.22% quarter-on-quarter and 18.02% year-on-year, leading to an 8.35% drop in stock price. This indicates concerns about profitability and operational efficiency despite increased sales.

The latest results for Parag Milk Foods Ltd present a mixed picture, leaning towards the negative side. While the company achieved a record high in revenue, reaching ₹1,012.69 crores with a year-on-year growth of 14.46%, this was overshadowed by significant declines in net profit. The net profit for Q3 FY26 fell to ₹29.57 crores, marking a sharp decrease of 35.22% quarter-on-quarter and 18.02% year-on-year.<BR><BR>Additionally, the operating margin has compressed to 6.74%, which is the lowest level in eight quarters, down from 8.38% a year ago. This indicates that despite increasing sales, the company is struggling to maintain profitability, likely due to rising input costs and operational inefficiencies.<BR><BR>The market reacted negatively to these results, with the stock price dropping 8.35% following the announcement, reflecting investor concerns about the company's ability to convert revenue growth into profit. Overall, while revenue growth is a positive sign, the substantial decline in profitability and margins raises red flags about the company's operational health and future prospects.

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

Why is Parag Milk Foods Ltd falling/rising?

As of 07-Apr, Parag Milk Foods Ltd's stock price is at 193.25, reflecting a slight increase but has declined -33.42% year-to-date. Despite recent gains, weak long-term fundamentals and decreased institutional investor participation suggest potential challenges ahead.

As of 07-Apr, Parag Milk Foods Ltd's stock price is experiencing a slight increase, currently at 193.25, reflecting a change of 0.15 (0.08%) upward. This rise can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, with a return of +7.57% compared to the Sensex's +3.71%. Additionally, the stock is trading at a discount relative to its peers' average historical valuations, which may attract investors looking for value opportunities.<BR><BR>However, it is important to note that the stock has shown a decline of -2.67% over the past month and a significant year-to-date drop of -33.42%. The company's long-term fundamentals are weak, as indicated by an average Return on Capital Employed (ROCE) of 7.16% and a poor EBIT to Interest ratio of -0.26, suggesting challenges in servicing its debt. Furthermore, institutional investor participation has decreased, with a -4.9% reduction in their stake over the previous quarter, indicating a lack of confidence among more sophisticated investors.<BR><BR>Despite the recent uptick in price, the overall context of falling investor participation, underperformance against the sector today, and weak long-term growth prospects may suggest that the stock's rise could be temporary. The combination of these factors illustrates a complex picture of the stock's performance, where short-term gains are juxtaposed against longer-term concerns.

Why is Parag Milk Foods Ltd falling/rising?

As of 08-Apr, Parag Milk Foods Ltd's stock price is rising to 201.40, reflecting a 4.7% increase. This rise is driven by short-term positive performance and attractive valuation metrics, but concerns about declining investor participation and weak long-term fundamentals may pose challenges ahead.

As of 08-Apr, Parag Milk Foods Ltd's stock price is rising, currently at 201.40, reflecting a change of 9.05 (4.7%) upward. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 3.02% today and has shown a trend reversal after two consecutive days of decline. It opened with a gain of 2.55% and reached an intraday high of Rs 202.85, marking a 5.46% increase.<BR><BR>Additionally, the stock's performance over the past year has been positive, generating a return of 13.72%, while profits have risen by 31.1%. The company's valuation appears attractive, with a Return on Capital Employed (ROCE) of 11.4 and a PEG ratio of 0.8, indicating that it is trading at a discount compared to its peers' average historical valuations.<BR><BR>However, it is important to note that there are some negative factors influencing the stock. The delivery volume has significantly decreased, falling by 70.09% against the 5-day average, indicating a decline in investor participation. Furthermore, institutional investors have reduced their stake by 4.9% in the previous quarter, which may reflect concerns about the company's long-term growth potential and financial health.<BR><BR>In summary, while the stock is currently rising due to short-term positive performance and attractive valuation metrics, underlying issues such as declining investor participation and weak long-term fundamentals could pose challenges moving forward.

Why is Parag Milk Foods Ltd falling/rising?

As of 09-Apr, Parag Milk Foods Ltd's stock price is rising, currently at 201.75, reflecting a recent positive performance with a 4.89% total return over the last two days. Despite this, concerns about long-term fundamental strength persist due to a declining institutional stake and a weak average ROCE.

As of 09-Apr, Parag Milk Foods Ltd's stock price is rising, currently at 201.75, with a change of 0.35 (0.17%) upwards. The stock has shown a positive performance recently, outperforming its sector by 0.49% today and achieving a consecutive gain over the last two days, resulting in a total return of 4.89% during this period. Additionally, the stock's delivery volume has increased by 20.56% compared to the 5-day average, indicating rising investor participation.<BR><BR>In terms of returns, the stock has performed well over the past week, gaining 4.08%, while it has also generated a return of 13.03% over the past year, significantly higher than the Sensex's 3.77% during the same period. The company's valuation appears attractive, with a Return on Capital Employed (ROCE) of 11.4 and a PEG ratio of 0.8, suggesting that the stock is trading at a discount compared to its peers' average historical valuations.<BR><BR>However, it is important to note that despite the recent rise, there are underlying concerns regarding the company's long-term fundamental strength, as indicated by a weak average ROCE of 7.16% and a declining stake from institutional investors, which has decreased by 4.9% over the previous quarter. Nonetheless, the current upward trend in stock price can be attributed to short-term performance metrics and increased trading activity.

Which are the latest news on Parag Milk Foods?