Milkfood Ltd operates in dairy products within Consumer Staples. Mid-scale player: ₹198.71 Cr market cap, quarterly revenues ₹76–₹174 Cr. Recent financials show recovery from 2020 trough; OPM 5.28%, EPS positive in recent quarters.
Generated analysis · source review pending
Generated analysis · source review pending
Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.
No positive flags triggered.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Hatsun Agro Product LimitedHATSUNHATSUN | ₹24,900 Cr | ₹26,997 Cr | ₹9,624 Cr | ₹1,166 Cr | 11.6% | ₹348 Cr | 3.2% | 18.3% | 16.2% | 45 |
| Milky Mist Dairy Food LimitedMILKYMISTMILKYMIST | ₹23,744 Cr | ₹25,416 Cr | ₹3,138 Cr | ₹429 Cr | 13.7% | ₹127 Cr | 4.1% | 15.8% | 32.2% | — |
| Kwality Wall's (India) LimitedKWILKWIL | ₹9,013 Cr | ₹9,063 Cr | ₹2,245 Cr | ₹-110 Cr | -4.9% | ₹-369 Cr | -16.4% | -24.8% | -54.9% | -47 |
| Dodla Dairy LimitedDODLADODLA | ₹6,068 Cr | ₹6,098 Cr | ₹4,316 Cr | ₹291 Cr | 7.5% | ₹245 Cr | 6.5% | 17.6% | 17.3% | -3 |
| Vadilal Industries LimitedVADILALINDVADILALIND | ₹5,175 Cr | ₹5,266 Cr | ₹1,675 Cr | ₹313 Cr | 16.6% | ₹219 Cr | 10.3% | 22.7% | 22% | 148 |
| Heritage Foods LimitedHERITGFOODHERITGFOOD | ₹3,739 Cr | ₹4,063 Cr | ₹4,727 Cr | ₹254 Cr | 5.9% | ₹135 Cr | 3.3% | 15.8% | 14.5% | 18 |
| Parag Milk Foods LimitedPARAGMILKPARAGMILK | ₹3,316 Cr | ₹3,856 Cr | ₹3,911 Cr | ₹267 Cr | 6.7% | ₹130 Cr | 3.5% | 17% | 11.8% | 84 |
| Vadilal Enterprises LtdVADILENTVADILENT | ₹892 Cr | ₹937 Cr | ₹340 Cr | ₹16 Cr | — | ₹1 Cr | 0.5% | -22.1% | 28.4% | 36 |
| Sheetal Cool Products LimitedSCPLSCPL | ₹651 Cr | ₹701 Cr | ₹386 Cr | ₹45 Cr | 11.3% | ₹21 Cr | 5.2% | 19.9% | 13.3% | 212 |
| Milkfood LtdMLKFOODMLKFOOD | ₹205 Cr | ₹318 Cr | ₹448 Cr | ₹24 Cr | 5.3% | ₹5 Cr | 1% | 7% | 2.6% | 49 |
| Modern Dairies LtdMODAIRYMODAIRY | ₹153 Cr | ₹165 Cr | ₹348 Cr | ₹14 Cr | 2.9% | ₹83 Cr | 1.4% | 13.9% | 10.2% | 10 |
| Dindigul Farm Product LtdDFPLDFPL | ₹72 Cr | ₹91 Cr | ₹90 Cr | ₹8 Cr | 8.6% | ₹4 Cr | 4.1% | 9.3% | 10% | 3 |
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No scheme among the 32 fund houses on record reported a position in Milkfood Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
Documents link to external sources (exchange filings, company investor pages).
Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 16.3% | 18.2% | 17.7% | 17.8% | 16.5% |
| EBITDA margin % | 5.4% | 4.1% | 5.1% | 4.5% | 5.3% |
| EBIT margin % | 3% | 2% | 3.7% | 3% | 3.7% |
| PAT margin % | 0.7% | 1.1% | 2.1% | 1.6% | 1% |
| Working capital | |||||
| Receivable days | 53 | 66 | 25 | 64 | 67 |
| Inventory days | 39 | 28 | 61 | 33 | 33 |
| Payable days | 33 | 22 | 38 | 52 | 50 |
| NWC days | 59 | 72 | 48 | 45 | 49 |
| Leverage | |||||
| Current ratio | 1.24 | 1.37 | 1.29 | 1.24 | 1.19 |
| Debt to EBITDA | 3.67 | 5.57 | 5.04 | 5.82 | 4.78 |
| Debt to equity | 0.61 | 0.59 | 0.9 | 0.66 | 0.64 |
| Interest coverage | 1.4 | 1.3 | 2.1 | 1.7 | 1.7 |
| Asset turnover | 1.19 | 1.04 | 1.42 | 1.18 | 1.19 |
| Return ratios | |||||
| Return on assets % | 0.8% | 1.1% | 3% | 1.9% | 1.2% |
| Return on capital employed % | 5.2% | 4.3% | 9% | 9% | 7% |
| Return on equity % | 2.1% | 2.8% | 7.3% | 4.1% | 2.6% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
| Holder (%) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50.13% | 47.75% | 47.75% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 53.37% | |
| FII | 7.64% | 7.28% | 7.28% | 2.67% | 1% | 0.14% | 0% | 0% | 0% | 0% | 0% | 0% |
| 0.06% | 0.06% | 0.06% | 0.05% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 42.17% | 44.91% | 44.91% | 41.25% | 42.94% | 43.8% | 43.94% | 43.94% | 43.94% | 43.94% | 43.94% | 46.61% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 11,021 | 10,766 | 10,498 | 10,370 |
Promoter holding up 3.24 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 25 Jun 2024 | NATWEST BANK PLC AS TRUSTEE OF THE JUPITE | Bulk | BSE | Sell | 46,003 | ₹739.71 | ₹3.40 Cr |
| 24 Jun 2024 | THE ROYAL BANK OF SCOTLAND PLC AS TRUSTEE OF JUPITER INDIA FUND | Bulk | BSE | Sell | 39,729 | ₹804.15 | ₹3.19 Cr |
| 21 Jun 2024 | THE ROYAL BANK OF SCOTLAND PLC AS TRUSTEE OF JUPITER INDIA FUND | Bulk | BSE | Sell | 85,598 | ₹710.65 | ₹6.08 Cr |
| 21 Feb 2024 | THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT | Bulk | BSE | Buy | 58,154 | ₹540.53 | ₹3.14 Cr |
| 21 Feb 2024 | JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED | Bulk | BSE | Sell | 58,154 | ₹540.01 | ₹3.14 Cr |
| 6 Jul 2023 | SHABNAM AVASTHI | Bulk | BSE | Buy | 45,500 | ₹510.45 | ₹2.32 Cr |
| 6 Jul 2023 | RHYTHEM SHARE TRADING PRIVATE LIMITED | Bulk | BSE | Sell | 45,000 | ₹510.35 | ₹2.30 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Allotment
Board Meeting Outcome for Outcome Of The Board Meeting Held Today On 7Th September, 2026
| Date | Category | Subject | Filing |
|---|---|---|---|
| 22 Sept 2026, 10:23 am | Insider Trading / SAST Closure of Trading Window | Closure of Trading Window | |
| 7 Sept 2026, 12:20 pm | Company Update Allotment of Equity Shares | Announcement under Regulation 30 (LODR)-Allotment |
| 7 Sept 2026, 12:16 pm | Others Outcome without intimation | Board Meeting Outcome for Outcome Of The Board Meeting Held Today On 7Th September, 2026 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| 368 | 316 | 467 | 437 | 448 | |
| COGS | 308 | 259 | 385 | 359 | 374 |
| Gross profit | 60 | 57 | 83 | 78 | 74 |
| 40 | 44 | 59 | 58 | 50 | |
| Operating profit (EBITDA) | 20 | 13 | 24 | 20 | 24 |
| OPM % | 5.4% | 4.1% | 5.1% | 4.5% | 5.3% |
| Depreciation | 9 | 7 | 6 | 7 | 7 |
| Interest | 8 | 7 | 10 | 14 | 11 |
| 0 | 3 | 4 | 9 | 2 | |
| Profit before tax | 3 | 2 | 11 | 9 | 8 |
| Tax | 1 | -1 | 2 | 2 | 3 |
| Tax % | 25.2% | -51.1% | 15.1% | 19.3% | 40.4% |
| 2 | 3 | 10 | 7 | 5 | |
| PAT margin % | 0.7% | 1.1% | 2.1% | 1.6% | 1% |
| EPS (₹) | 5 | 7.1 | 19.9 | 14.3 | 1.9 |
| EPS adjusted (₹) | 1.3 | 1.8 | 5 | 3.5 | 1.9 |
| 0% | 0% | 12.6% | 17.5% | 135.1% | |
| Annual report | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 12 |
| Reserves | 114 | 118 | 128 | 170 | 164 |
| 73 | 73 | 120 | 115 | 113 | |
| 118 | 109 | 76 | 82 | 86 | |
| Total equity & liabilities | 309 | 304 | 329 | 371 | 375 |
| 181 | 182 | 186 | 218 | 216 | |
| CWIP | 2 | 5 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 127 | 117 | 142 | 153 | 159 | |
| Total assets | 309 | 304 | 329 | 371 | 375 |
| ₹ Cr | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| 27 | 34 | 20 | 13 | 14 | -30 | 20 | 19 | |
| -5 | -10 | -22 | -8 | -5 | -7 | 1 | -4 | |
| -23 | -20 | 0 | -7 | -8 | 36 | -21 | -15 | |
| Net cash flow | -0 | 4 | -2 | -2 | 0 | -1 | 0 | 0 |
| Free cash flow | — | — | — | 5 | 8 | -38 | 17 | 15 |
| CFO / Operating profit % | — | — | — | 67.2% | 109.1% | -126.1% | 103.4% | 81.5% |