Parag Milk Foods Limited

NSE: PARAGMILK · Dairy Products

52W Range₹178 ₹377

Snapshot

Unlock Parag Milk Foods Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Parag Milk Foods Limited is an Indian dairy company that processes and manufactures a diverse range of milk-based products. Its portfolio includes ghee, cheese, paneer, curd, and sports nutrition supplements marketed under brands such as Gowardhan, Go, Pride of Cows, and Avvatar.

Business Model

The company generates revenue through the processing and sale of dairy products across domestic and international markets. It operates a multi-brand strategy to cater to different consumer segments, ranging from mass-market dairy staples to premium nutrition and sports supplements.

  • Founded:1992

Growth Outlook

Growth is driven by the expansion of its diverse product portfolio, including high-margin sports nutrition and premium milk offerings. The company continues to leverage its established brand presence to penetrate both domestic retail channels and international export markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in raw milk procurement prices can significantly impact the company's operating margins.
  • Supply Chain Disruptions. As a dairy processor, the company is highly dependent on a consistent and timely supply of perishable raw materials from farmers.
  • Food Safety and Quality Risks. Any contamination or failure to meet stringent food safety standards could lead to product recalls and severe reputational damage.
  • Intense Market Competition. The dairy sector in India is highly competitive, featuring both large organized players and a vast unorganized sector that exerts pricing pressure.

Price

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Key Metrics

REVENUE

₹3,818 Cr

TTM · consolidated

+11.2%YoY

NET PROFIT

₹135 Cr

TTM · consolidated

+13.7%YoY

EPS

₹11.09

TTM · consolidated

+11.2%YoY

RETURN ON EQUITY

12.5%

TTM · consolidated

-0.1 ppYoY

RETURN ON CAPITAL EMPLOYED

17.1%

TTM · consolidated

-1.3 ppYoY

P/E

20.4x

Q4 FY26 · consolidated

20.4 vs 24.0x5Y avg

EV/EBITDA

11.0x

Q4 FY26 · consolidated

11.0 vs 10.9x5Y avg

EBITDA MARGIN

8.1%

TTM · consolidated

-0.4 ppYoY

NET PROFIT MARGIN

3.4%

Q4 FY26 · consolidated

+0.5 ppYoY

DEBT TO EQUITY

0.4x

Q4 FY26 · consolidated

-0.17xYoY

Peers · Dairy Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Parag Milk Foods LimitedPARAGMILK
2,49420.4010.9611.2%8.1%12.5%17.1%-4.9%
Dodla Dairy LimitedDODLA
6,14124.2317.4010.9%8.9%18.1%18.2%-25.8%
Kwality Wall'sKWIL
5,587
Vadilal Industries LimitedVADILALIND
3,11730.4717.9021.2%18.3%21.8%24.3%+30.0%
Heritage Foods LimitedHERITGFOOD
2,86420.7211.619.5%6.4%14.9%17.6%-29.9%
Vadilal Enterp.VADILENT
88159.1420.544.2%3.8%-53.6%63.1%-4.1%

As of Q4 FY26

Financials