Parag Milk Foods Limited

Fast Moving Consumer Goods · Food Products

NSE: PARAGMILK BSE: 539889

₹271.65

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Food Products

The largest companies in the same industry by market cap. This company ranks #16 of 96. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Nestle India Limited	252,609	65.4	67.9%	12.3%	—	87	0	27
Britannia Industries Limited	116,339	44.1	49.4%	-19.0%	—	82	0	10
Hatsun Agro Product Limited	24,480	65.8	19.9%	20.4%	0.91%	48	8	49
Zydus Wellness Limited	16,315	423.8	3.4%	11.5%	—	50	32	31
Bikaji Foods International Limited	13,083	48.3	14.9%	-28.7%	0.24%	74	22	11
EID Parry India Limited	12,206	—	9.3%	-33.7%	—	40	100	10
Godrej Agrovet Limited	11,995	22.2	20.6%	-10.3%	1.76%	65	20	48
Manorama Industries Limited	11,063	41.9	33.6%	30.5%	—	95	33	48
Parag Milk Foods Limited (this stock)	3,412	23.2	10.7%	-1.8%	0.40%	50	48	53

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹3,895 Cr

EV / EBITDA

13.2x

EV / Sales

1.02x

Market cap / Sales

0.89x

Earnings yield

4.32%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 923 Cr, up 10.4% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 25 Cr, down 21.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	920	32	25	₹2.0300
March 31, 2026	946	33	28	₹2.2600
Dec. 31, 2025	984	35	35	₹2.7700
Sept. 30, 2025	981	59	56	₹4.6700
June 30, 2025	831	33	32	₹2.7100
March 31, 2025	899	37	32	₹2.7200
Dec. 31, 2024	869	38	34	₹2.8700
Sept. 30, 2024	856	34	30	₹2.5100
June 30, 2024	744	26	27	₹2.2700
March 31, 2024	776	11	13	₹1.1400
Dec. 31, 2023	789	32	33	₹
Sept. 30, 2023	787	24	27	₹2.2900
June 30, 2023	738	16	18	₹1.5600

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	923	954	988	1,000	835	912	870	859	745	777	789	743	798
Operating revenue	920	946	984	981	831	899	869	856	744	776	787	738	796
Other income	2	8	4	19	5	13	2	2	1	1	2	5	2
Operating expenses	854	888	914	908	771	837	795	787	688	739	734	698	745
Operating profit	66	58	71	73	59	62	74	69	56	37	53	40	51
Operating profit margin	7.2%	6.2%	7.2%	7.5%	7.2%	6.9%	8.5%	8.1%	7.5%	4.8%	6.8%	5.4%	6.4%
Depreciation	16	15	16	16	14	15	14	17	14	13	15	14	17
Interest	20	18	19	18	18	24	24	21	17	14	17	15	14
Exceptional items, gain / (loss)	—	—	-5	—	—	—	—	—	—	—	—	—	—
Profit before tax	32	33	35	59	33	37	38	34	26	11	24	16	23
Tax	7	5	-0	3	0	4	3	4	-1	-2	-3	-3	-5
Net profit	25	28	—	56	32	32	34	30	27	13	27	18	28
EPS	2.03	2.26	2.77	4.67	2.71	2.72	2.87	2.51	2.27	1.14	2.29	1.56	2.38
Net profit (TTM)	—	—	—	155	129	124	104	97	86	86	87	76	68
EPS (TTM)	11.73	12.41	12.87	12.97	10.81	10.37	8.79	8.21	7.26	7.37	7.49	6.82	6.44

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	3,742	159	151
March 31, 2025	3,367	135	124
March 31, 2024	3,090	83	92
March 31, 2023	2,853	67	68

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	9.5%	16.0%	3,777^†	3,386^†	—	2,874^†	2,035^†	1,799^†	2,394^†	2,350^†	1,924^†	1,708^†
Operating revenue	9.5%	15.9%	3,742	3,367	3,090	2,853	2,026^†	1,792^†	2,391^†	2,346^†	1,918^†	1,701^†
Other income	—	—	35^†	18^†	—	21^†	9^†	7^†	3^†	4^†	6^†	7^†
Operating expenses	—	—	3,481^†	3,106^†	—	2,700^†	2,454^†	1,665^†	2,180^†	2,129^†	—	—
Operating profit	19.4%	15.6%	261^†	261^†	—	154^†	-429^†	127^†	212^†	218^†	—	—
Operating profit margin	—	—	7.0%^†	7.7%^†	—	5.4%^†	-21.2%^†	7.1%^†	8.9%^†	9.3%^†	—	—
Depreciation	—	—	60^†	60^†	—	54^†	51^†	49^†	51^†	48^†	—	—
Interest	—	—	72^†	85^†	—	53^†	47^†	46^†	38^†	36^†	35^†	33^†
Exceptional items, gain / (loss)	—	—	-5^†	0^†	—	0^†	0^†	0^†	0^†	0^†	0^†	-19^†
Profit before tax	33.2%	32.6%	159	135	83	67	-518^†	39^†	125^†	138^†	108^†	8^†
Tax	—	—	8^†	11^†	—	-1^†	11^†	21^†	35^†	24^†	29^†	-2^†
Net profit	30.1%	53.9%	151	124	92	68	-529^†	17^†	91^†	114^†	78^†	10^†
EPS	24.4%	42.9%	12.41^†	10.37^†	—	6.44^†	-55.48^†	2.08^†	10.83^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	7.0%^†	7.7%^†	—	5.4%^†	-21.2%^†	7.1%^†	8.9%^†	9.3%^†	—	—
EBIT margin	6.2%^†	6.5%^†	—	4.2%^†	-23.2%^†	4.7%^†	6.8%^†	7.4%^†	7.4%^†	2.4%^†
PBT margin	4.2%	4.0%	2.7%	2.4%	-25.6%^†	2.2%^†	5.2%^†	5.9%^†	5.6%^†	0.5%^†
Net margin	4.0%	3.7%	3.0%	2.4%	-26.1%^†	1.0%^†	3.8%^†	4.9%^†	4.1%^†	0.6%^†
Interest coverage	3.20x^†	2.59x^†	—	2.27x^†	-10.01x^†	1.85x^†	4.29x^†	4.86x^†	4.06x^†	1.26x^†
Dividend payout	8.1%^†	4.8%^†	—	0.0%^†	—	24.0%^†	9.2%^†	—	—	—
Earnings retention	91.9%^†	95.2%^†	—	100.0%^†	—	76.0%^†	90.8%^†	—	—	—
Current ratio	1.88x	2.07x	—	—	—	—	—	—	—	—
Quick ratio	0.90x	1.22x	—	—	—	—	—	—	—	—
Debt to equity	0.38x	0.53x	—	—	—	—	—	—	—	—
Return on equity	11.7%	11.9%	—	—	—	—	—	—	—	—
Return on assets	6.9%	6.4%	—	—	—	—	—	—	—	—
Return on capital employed	15.8%^†	17.4%^†	—	—	—	—	—	—	—	—
Asset turnover	1.71x	1.75x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	132	-98	-43	95	37
March 31, 2025	187	-130	-56	101	86
March 31, 2024	73	-25	-51	32	41
March 31, 2023	-264	-29	227	27	-291
March 31, 2022	-146	-12	230	21	-167

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	2,187	1,291	1,166	374	111	1,371	728	2	328	713
March 31, 2025	1,925	1,040	921	358	197	1,374	664	12	314	563
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.