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Parag Milk Foods Ltd share Price Today

Company details

174.80
179.70
98.40
289.75
6M Return -18.76%
1Y Return 70.83%
Mkt Cap.(Cr) 2,121.91
Volume 930,405
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 930,405

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Packaged Foods company Parag Milk Foods announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations stood at Rs 790 crore
  • Gross profit (GP) Rs 194 crore; with a GP margin of 24.6%
  • EBITDA at Rs 44 crore; with an EBITDA margin of 5.6%
  • Profit After Tax at Rs 10 crore

FY24 Financial Highlights:

  • Revenue of Rs 3,139 crore; a growth of 8.5 % YoY
  • Gross profit (GP) Rs 749 crore; with a GP margin of 23.9 % vs FY23 GP Rs 569 crore GP margin of 19.7%. Overall GP margin expansion of 4.2% YoY.
  • EBITDA at Rs 222 crore; with an EBITDA margin of 7.1% vs FY23 EBITDA Rs 163 crore, EBITDA margin of 5.7%. Overall EBITDA margin expansion of 1.4% YoY.
  • Profit after tax at Rs 91 crore up from FY23 PAT Rs 53 crore, a growth of 70% YoY.

Devendra Shah, Chairman, Parag Milk Foods Ltd said “It gives me an immense pleasure to state that our consolidated revenues for FY24 have crossed the milestone of Rs 3,000 crore; along with improvement in margins and profitability. The Profit after tax for the year was at Rs 91 crore, with healthy operating cash flows of Rs 99 crore. Over the last few quarters, the milk procurement prices have been benign, and now we expect an upward bias. Despite of tailwinds; we are geared up for improving our margin profile.

We would continue to enhance our industry-leading R&D capabilities and infrastructure to drive innovation and delight our consumers across the globe. Our forward integration of brand ‘Gowardhan’ into the traditional sweets category is an initiative in this direction. The initial response of the prototype is very positive and encouraging and we aim to target a bigger launch around the festivities. We are inching up on our business process transformation along with driving efficiency across the value chain. With an ensuing expansion and acceleration of the distribution footprint, we plan to incorporate a foreign wholly owned subsidiary (WOS) in Dubai, to cater the international market. With strong foundation in place, we are confident of posting industry leading growth and profitability ahead.”

Result PDF

View Other Company Results

Parag Milk Foods Ltd shares SWOT Analysis

Strengths (9)

  • Growth stocks, promoters increasing shareholding
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 180.0
R2 182.3
R3 184.9
Pivot

177.42

S1 175.1
S2 172.5
S3 170.2
EMA SMA
200.6
209.2
212.9
201.7
203.2
207.2
219.5
214.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-21 189.38 678486 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-21 189.38 678486 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-12 280.16 847368 NSE
Name Category Shares
DEVENDRA PRAKASH SHAH PROMOTER 16.93%
NETRA PRITAM SHAH PROMOTER 11.62%
PRITAM PRAKASH SHAH PROMOTER 7.67%
POOJAN DEVENDRA SHAH PROMOTER 2.76%
PRITI DEVENDRA SHAH PROMOTER 1.86%
AKSHALI DEVENDRA SHAH PROMOTER 1.68%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Parag Milk Foods Ltd Stocks COMPARISON

Financials( in Cr) Parag Milk Foods Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 177.75 2,369.05 2,467.75 1,498.30 1,310.35
% Change -0.59 -0.56 -0.26 -0.27 -0.73
Mcap Cr 2,121.91 556,629.86 237,929.84 194,689.70 134,025.22
Revenue TTM Cr 2,892.62 61,896.00 17,423.38 16,042.58 13,315.97
Net Profit TTM Cr 53.25 10,282.00 2,390.52 2,101.81 1,702.46
PE TTM 23.44 54.21 74.60 89.94 69.92
1 Year Return 70.83 -9.86 15.30 92.60 29.01
ROCE 8.29 25.00 59.47 27.83 16.35
ROE 7.33 20.26 108.52 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 792.54 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31

Parag Milk Foods Ltd Information

Stock PE (TTM)
23.44
Promoter Holding
42.61%
Book Value
76.4213
ROCE
8.29%
ROE
7.33%
Description
  • Parag Milk Foods Ltd (PMFL), founded in 1992, is one of leading dairy FMCG companies in India. The company manufactures a diverse range of products like cheese, ghee, fresh milk, whey proteins, paneer, curd, yoghurt, milk powder and dairy based beverages. The Company enjoys a strong reputation and brand recall across several geographies through its exports across UAE, Singapore, Oman, Kuwait, Mauritius, New Zealand, Australia, Congo, Seychelles, Iraq, USA, Hong Kong, Philippines, , Sri Lanka, UAE and Bangladesh. The Company also supplies farm-to-home premium fresh milk from Bhagyalaxmi Dairy Farms, which it markets and sells in Mumbai, Pune, Surat, and Delhi-NCR region. As on March 31, 2019, the Company has one wholly owned subsidiary called Bhagyalaxmi Dairy Farms Pvt Ltd (BDFPL), which is located at Manchar, Pune The Company was incorporated as Parag Milk & Milk Products Private Limited on December 29, 1992 with the registrar of companies at Mumbai with the registered office at Pune as a private limited company under the Companies Act, 1956. The name of the Company was changed to Parag Milk Foods Private Limited and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on April 11, 2008. The Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on May 16, 2015 and consequently, the name of the Company was changed to Parag Milk Foods Limited and a fresh certificate of incorporation consequent upon conversion to a public limited company was granted to the Company by the RoC on July 7, 2015. Parag Milk Foods Ltd started commercial production in 1992 and commissioned the Manchar, Pune plant for production in 1998 under the Gowardhan Brand. The company launched Bhagyalaxmi Dairy Farms in 2005 and started operations at the Palamaner Plant in 2010. The company launched milk under `Pride of Cows` Brand in 2011. The company has being launching various products in milk and cheese in subsequent years. Parag Milk Foods raised Rs 300 crore from through fresh issue of 136.99 million equity shares in an initial public offer in May 2016. During the financial year ended 31 March 2017, the company expanded its cheese slice range with flavours like Piri Piri, chutney cheese, Kachha Aam, Schezwan and Acchari and other product categories like Pre-mix with Go Easy Shake and relaunched dairy whitener under Milk Rich brand name. During the year, the company company expanded distribution of fresh milk in upcountry Tamil Nadu market. During the financial year ended 31 March 2018, the company introduced fresh dahi to strengthen its presence in north region. With this launch, the company has expanded its geographical reach and entered into Rs 1500 crore curd market of Delhi. The company also launched Mishti Doi which is nutritionally rich in protein. This is a traditional Bengali dessert. The company believes that the addition of Mishti Doi to its product portfolio will further build up the Gowardhan Dahi category. The company also launched Gowardhan Paneer as a fresh paneer category with a shelf life of 75 days and is made from 100 % cows` milk. It is a rich source of proteins and vitamins. This is the only product which has used ESL technology. To strengthen the presence in north, the company acquired the manufacturing unit of Danone Foods and Beverages India Pvt Ltd., the local entity of French dairy firm Danone SA. The acquisition will strengthen the company`s distribution of fresh category products like milk, dahi, paneer, yogurt in the Northern and Eastern regions of India, which is largely dominated by buffalo milk consumption. This move will give the company an edge to understand the consumer preferences in northern India. The plant is spread across 5,500 square meters on the outskirts of Delhi NCR. Its current milk processing capacity is 0.75 LLPD (lakh litre per day) along with curd processing capacity of 15 tonne.

Registered Address

F No 1 P No 19 Nav Rajastan So, S B Road Shivaji Nagar, Pune, Maharashtra, 411016

Tel : 91-20-4300555/25674761/62/63
Email : cs:paragmilkfoods.com
Website : http://www.paragmilkfoods.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539889
NSE Code : PARAGMILK
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE883N01014

FAQ’s on Parag Milk Foods Ltd Shares

You can buy Parag Milk Foods Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Parag Milk Foods Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Parag Milk Foods Ltd was Rs.177.75.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of Parag Milk Foods Ltd stood at Rs. 2,121.91.

The latest PE ratio of Parag Milk Foods Ltd as of May 24, 2024 03:59 PM is 23.44

The latest PB ratio of Parag Milk Foods Ltd as of May 24, 2024 03:59 PM is 0.43

The 52-week high of Parag Milk Foods Ltd share price is Rs. 289.75 while the 52-week low is Rs. 98.40

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