Milkfood Ltd.
Snapshot View

352.90 +1.60 ▲0.5%

02 August 2021, 04:00:00 P.M.
Volume: 629

Overview View Details

Sector Fast Moving Consumer Goods Compare with Sector peers
Industry Consumer Food Compare with Industry peers
Website http://www.milkfoodltd.com
Financial Indicators
Market Cap 172.44 Cr.
Earnings per share (EPS) 4.99 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 70.67 Trailing Twelve Months Ending 2021-03
Industry PE 58.31 Trailing Twelve Months Ending 2021-03
Book Value / Share 253.61 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.39 Calculated using Price: 352.90
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.49 Cr. 4,886,440 Shares
FaceValue 10
Company Profile

Milkfood Limited was set up in the year 1973 with the first Plant at Bahadurgarh, on the Rajpura Patiala Road in the State of Punjab. The company is promoted by Karamjit Jaiswal. The Jaiswal family are also promoters of Jagatjit Industries Limited, which has interests in Alcoholic Beverages (AC Black, Aristocrat Premium, ACP , Bonnie Scot) , Malted Foods, Plastic and Glass Bottling and Real Estate. The Group has a Gross Turnover in excess of INR 5500 Million.

The company manufactures Pure Ghee, Skimmed Milk Powder , Whole Milk Powder, and Dairy Whitener . From the intial installed capacity of 80 MT of milk processing per day at Patiala during 1974 the Company at has enhanced the processing capacity from time to time and the present milk processing capacity of all Plants is 1500 MT per day.

In the year 1987 the company commissioned its second plant at Gurgoan in the State of Haryana for the manufacture of Cultured Desserts like Long Life Yoghurts, UHT Milk , Juices etc. and Frozen Desserts Yoghurts like Ice Creams. The Ice Cream brand 'Milkfood 100% Ice cream' still conjurs up memories even years after it's sale to Hindustan Lever.

The company has taken on lease a Dairy Plant in 2003 at Hamira, Distt. Kapurthala, in the State of Punjab to supplement the production capacities by 200 MT of milk processing per day. The capacity has since been enhanced to 500 MT of Milk Processing per day.

In 2005, the company has taken expansion plans further to the State of Uttar Pradesh where a fully modernised facility has been set up at Village Agwanpur, Tehsil Moradabad to add capacity of 500 MT of milk processing per day. The plant has commenced production in November 2005.

Further expansion plans for manufacture of Export Oriented and Value added products like Casein , Demineralised Whey Powder , Whey Protien Concentrates has been initiated at the Bahadurgarh facility, which is likely to be commissioned by end of 2006. Capacity expansion will enable the Bahadurgarh plant to process 700 MT of milk per day.

Milkfood has three plants:

Patiala Plant- The plant has facilities to manufacture Anhydrous Milk Fat (Ghee) , Milk powders (Skimmed Milk Powder, Whole Milk Powder). The plant is being upgraded to manufacture value added products like Casein, Demineralised Whey powder, Lactose and Whey Protein Concentrate powders of different percentages.

Hanira Plant- The plant has facilities to manufacture Anhydrous Milk Fat (Pure Ghee) , Milk Powders (Skimmed Milk Powder , Whole Milk Powder, Dairy Whitener & Infant Foods). The plant has facility to produce powder with disc and nozzle atomization resulting into powders of low or high density. A Three stage spray drying system with facility of Lecithination helps in production of instant powders. A separate facility for production of malted food is available.

Moradabad Plant- The plant has facilities to manufacture Anhydrous Milk Fat (Pure Ghee), Milk Powders (Skimmed Milk powder, Whole Milk Powder).Among the private sector corporations in India the company is one of the largest supplier for Milk Powders to the institutions i.e Glaxo Smithkline , Cadburys, Nestle , Mother Dairy , Metro Dairy , Lotus Chocolate.

The company also exports Skimmed Milk Powder and Whole Milk Powder to the South Asian countries of Pakistan, Bangladesh , Nepal, Sri Lanka , Afghanistan and Myanamar.

For distribution of products, Redistribution depots are established at Gurgoan , Delhi , Kolkatta , Chandigarh and Mumbai apart from Agents spread over almost all states.

Products manufactured by the company include:

  • Pure Ghee
  • Skimmed Milk Powder
  • Whole Milk Powder
  • Dairy Creamer
  • Dairy Whitener

Future plans

A 100% Export Oriented Unit is being set up at the existing facilities at Bahadurgarh, Patiala to manufacture Casein which commands a premium price in Export markets of USA, Europe and Japan. India being the largest and cheapest producer of Milk holds comparative price advantage in the product which has varied applications from Food Products, Pharma to Technology products. Demineralised Whey Powder is a by product which has both a Domestic and Export market.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.46%
1 Week
-0.82%
1 Month
-6.13%
3 Month
+11.11%
6 Month
-9.44%
1 Year
-6.98%
2 Year
+14.19%
5 Year
+94.97%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 1.84 2.09 3.57 2.93 2.65 -1.59 8.66 9.92 7.46
Return on Capital Employed (%) 10.85 10.76 12.18 9.51 11.45 8.06 11.74 12.65 9.59
Return on Assets (%) 0.32 0.33 0.56 0.44 0.43 -0.42 3.10 3.76 2.86

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 32 32 34 35 36 90 98 108 117
Non Curr. Liab. 70 76 71 81 72 83 64 76 85
Curr. Liab. 98 96 116 115 96 94 97 101 100
Minority Int.
Equity & Liab. 199 204 220 231 204 268 259 285 302
Non Curr. Assets 95 102 107 108 113 171 170 176 197
Curr. Assets 104 103 113 122 91 97 89 109 105
Misc. Exp. not W/O
Total Assets 199 204 220 231 204 268 259 285 302

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 305 335 431 371 373 389 491 531 551
Other Income 0 0 3 2 2 1 0 0 1
Total Income 305 336 433 372 375 389 491 531 552
Total Expenditure -287 -319 -413 -355 -352 -368 -465 -503 -527
PBIDT 18 17 20 17 23 22 27 28 25
Interest -11 -12 -11 -9 -13 -12 -10 -8 -8
Depreciation -5 -4 -6 -6 -9 -5 -6 -7 -8
Taxation -1 0 -2 -1 -1 -1 -2 -3 0
Exceptional Items 0 0 -4
PAT 1 1 1 1 1 -1 8 10 8

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 16 20 22 6 40 27 27 34 21
Cash Fr. Inv. -11 -10 -8 -6 -16 -9 -5 -10 -22
Cash Fr. Finan. -5 -11 -13 1 -25 -19 -23 -20 0
Net Change 0 -1 0 1 0 -1 0 4 -1
Cash & Cash Eqvt 2 1 1 2 2 1 1 5 4

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 50.10 50.10 50.10 50.10 50.10 50.10 50.10 50.10 50.10
Public 49.90 49.90 49.90 49.90 49.90 49.90 49.90 49.90 49.90
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 28 Jul 2021
Compliance Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015
Pursuant to Regulation 23(9) of the SESI (Listing Obligations and Disclosures Requirements) Regulations 2015 we are submitting herewith the related party transaction on a consolidated basis in the format specified in the accounting standards for the half year ended 31st March 2021.
Wed, 28 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (LODR) Regulations 2015 this is to inform you that we have received information for loss of Shares certificates and request for issue of duplicate share certificates from shareholder.
Mon, 12 Jul 2021
Shareholding for the Period Ended June 30 2021
Milkfood Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Mon, 02 Aug 2021
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below
Opening at High Opening at High
Closing Above Previous High Closing Above Previous High
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Closing Near 100 SMA Closing Near 100 SMA

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