Vadilal Industries manufactures dairy products in Consumer Staples, valued at ₹5,579 Cr. Quarterly revenues (consolidated) range from ₹415–₹680 Cr. The company operates through consolidated entities beyond its standalone dairy core.
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₹ crore, by fiscal year
% of revenue, by fiscal year
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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.
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| 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 |
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Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 48% | 47.3% | 47.2% | 49% | ||||
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.72% | 64.72% | 64.73% | |
| 0.09% | 0.08% | 0.45% | 0.38% | 0.35% | 0.3% | 0.68% | 0.76% | 0.57% | 0.57% | 0.58% | 1.02% | |
| 0% | 0% | 0% | 0% | 0.05% | 0% | 0% | 0.44% | 0.47% | 0.42% | 0.42% | 1.26% | |
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| 35.18% | 35.19% | 34.82% | 34.89% | 34.87% | 34.97% | 34.59% | 34.07% | 34.23% | 34.29% | 34.28% | 32.99% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 19,638 | 19,230 | 22,133 | 19,041 |
| 47% |
| 49.1% |
| 51.1% |
| 50.1% |
| EBITDA margin % | 12.7% | 13.1% | 7.6% | 14.2% | 15.4% | 19.6% | 19.2% | 16.6% |
| EBIT margin % | 9.7% | 9.2% | 2.7% | 10.7% | 12.5% | 16.5% | 15.8% | 13.3% |
| PAT margin % | 5.9% | 6.9% | 1% | 6.4% | 9.1% | 13% | 12.1% | 10.3% |
| Working capital | ||||||||
| Receivable days | — | — | 36 | 34 | 27 | 31 | 36 | 43 |
| Inventory days | — | — | 211 | 170 | 167 | 146 | 188 | 163 |
| Payable days | — | — | 165 | 85 | 58 | 62 | 81 | 59 |
| NWC days | — | — | 81 | 119 | 135 | 115 | 143 | 148 |
| Leverage | ||||||||
| Current ratio | — | — | 1.04 | 1.39 | 1.44 | 2.02 | 2.56 | 3 |
| Debt to EBITDA | — | — | 3.58 | 1.52 | 1.26 | 0.54 | 0.35 | 0.37 |
| Debt to equity | — | — | 0.51 | 0.5 | 0.51 | 0.22 | 0.12 | 0.11 |
| Interest coverage | 4.7 | 3.9 | 1.4 | 4.3 | 9.2 | 11.1 | 15.6 | 13.5 |
| Asset turnover | — | — | 0.82 | 1.12 | 1.26 | 1.23 | 1.13 | 1.18 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.8% | 7.2% | 11.5% | 15.9% | 13.7% | 12.2% |
| Return on capital employed % | — | — | 8.7% | 22.5% | 30.3% | 31.3% | 26.8% | 22.7% |
| Return on equity % | — | — | 1.8% | 15% | 24.2% | 26.9% | 21.6% | 18.2% |
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.
Promoter holding up 0 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 6 Feb 2026 | PSL LIMITED | Bulk | NSE | Buy | 1,18,000 | ₹4,581.22 | ₹54.06 Cr |
| 6 Feb 2026 | KIFS ENTERPRISE | Bulk | NSE | Sell | 92,000 | ₹4,578.47 | ₹42.12 Cr |
| 23 Mar 2023 | NAVIN SHAH FAMILY PRIVATE TRUST | Bulk | BSE | Buy | 46,533 | ₹2,107.68 | ₹9.81 Cr |
| 23 Mar 2023 | EVOKE MANAGEMENT SERVICES LLP | Bulk | BSE | Sell | 46,147 | ₹2,107.47 | ₹9.73 Cr |
| 24 Feb 2022 | RAJASTHAN GLOBAL SECURITIES PVT LTD | Bulk | NSE | Sell | 43,679 | ₹1,135.96 | ₹4.96 Cr |
| 24 Feb 2022 | RAJASTHAN GLOBAL SECURITIES PVT LTD | Bulk | NSE | Buy | 10,000 | ₹1,147.77 | ₹1.15 Cr |
| 9 Feb 2022 | CLIANTHA TRUST . | Bulk | NSE | Sell | 46,961 | ₹963.19 | ₹4.52 Cr |
| 3 Jan 2022 | AGGARWAL AJAY KUMAR | Bulk | NSE | Buy | 40,000 | ₹981.24 | ₹3.92 Cr |
| 3 Jan 2022 | CLIANTHA TRUST . | Bulk | NSE | Sell | 37,112 | ₹981.09 | ₹3.64 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.
Documents link to external sources (exchange filings, company investor pages).
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Corporate Action-Fixes Record Date For Final Dividend For F.Y. 2025-26
Business Responsibility and Sustainability Reporting (BRSR)
Reg. 34 (1) Annual Report.
Notice Of Annual General Meeting
Update on board meeting
| Date | Category | Subject | Filing |
|---|---|---|---|
| 22 Aug 2026, 10:52 am | Insider Trading / SAST Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 | Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 | |
| 20 Aug 2026, 11:03 am | Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 | Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 |
| 20 Aug 2026, 11:01 am | Insider Trading / SAST Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 | Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 |
| 18 Aug 2026, 12:48 pm | Corp. Action Record Date | Corporate Action-Fixes Record Date For Final Dividend For F.Y. 2025-26 |
| 17 Aug 2026, 4:10 pm | Others Business Responsibility and Sustainability Reporting (BRSR) | Business Responsibility and Sustainability Reporting (BRSR) |
| 17 Aug 2026, 4:02 pm | Others Reg. 34 (1) Annual Report | Reg. 34 (1) Annual Report. |
| 17 Aug 2026, 1:51 pm | AGM/EGM AGM | Notice Of Annual General Meeting |
| 8 Aug 2026, 3:24 pm | Board Meeting | Update on board meeting |
1 schemes
| Shares | ||||||
|---|---|---|---|---|---|---|
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 7 | 0.01 | 0.01% | 0% | -0 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| 567 | 599 | 464 | 698 | 1,058 | 1,125 | 1,238 | 1,503 | |
| COGS | 295 | 316 | 245 | 356 | 561 | 573 | 605 | 750 |
| Gross profit | 272 | 284 | 219 | 342 | 497 | 552 | 633 | 753 |
| 200 | 205 | 184 | 243 | 335 | 332 | 395 | 504 | |
| 72 | 79 | 35 | 99 | 163 | 220 | 238 | 249 | |
| OPM % | 12.7% | 13.1% | 7.6% | 14.2% | 15.4% | 19.6% | 19.2% | 16.6% |
| Depreciation | 17 | 24 | 23 | 24 | 30 | 35 | 42 | 49 |
| Interest | 14 | 17 | 21 | 19 | 16 | 18 | 14 | 16 |
| 11 | 10 | 17 | 8 | 14 | 13 | 17 | 22 | |
| Profit before tax | 52 | 48 | 8 | 64 | 131 | 180 | 200 | 205 |
| Tax | 19 | 7 | 3 | 19 | 34 | 34 | 49 | 50 |
| Tax % | 35.7% | 13.7% | 39.8% | 30% | 26.2% | 18.9% | 24.7% | 24.5% |
| 33 | 41 | 5 | 45 | 96 | 146 | 150 | 155 | |
| PAT margin % | 5.9% | 6.9% | 1% | 6.4% | 9.1% | 13% | 12.1% | 10.3% |
| EPS (₹) | 46.4 | 57.6 | 6.4 | 62.2 | 134 | 203.1 | 209.2 | 215.8 |
| EPS adjusted (₹) | — | 57.6 | 6.4 | 62.2 | 133.9 | 203 | 214.3 | 236.6 |
| 2.7% | 0% | 0% | 2% | 1.1% | 0.7% | 10% | 19.9% | |
| Annual report | Annual report for Mar 2019 | Annual report for Mar 2020 | 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | — | 244 | 290 | 390 | 535 | 688 | 843 |
| Minority interest | — | 0 | 0 | 0 | 0 | 0 | 0 |
| — | 127 | 150 | 205 | 118 | 82 | 91 | |
| — | 189 | 176 | 236 | 256 | 318 | 331 | |
| Total equity & liabilities | — | 567 | 623 | 838 | 917 | 1,096 | 1,273 |
| 318 | 312 | 307 | 312 | 337 | 344 | 395 | |
| CWIP | — | 5 | 3 | 20 | 12 | 10 | 20 |
| Investments | — | 1 | 1 | 97 | 16 | 23 | 31 |
| — | 250 | 313 | 410 | 552 | 720 | 828 | |
| Total assets | — | 567 | 623 | 838 | 917 | 1,096 | 1,273 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 82 | 32 | 39 | 192 | 130 | 143 | |
| -11 | -20 | -62 | -66 | -77 | -108 | |
| -56 | 8 | 9 | -114 | -61 | -38 | |
| Net cash flow | 16 | 20 | -13 | 12 | -8 | -2 |
| Free cash flow | 67 | 11 | -19 | 192 | 128 | 142 |
| CFO / Operating profit % | 231.5% | 32.4% | 24.3% | 87.2% | 54.6% | 57.5% |