Modern Dairies Ltd.
Snapshot View

8.49 +0.13 ▲1.6%

20 May 2022, 04:01:00 PM
Volume: 6,700

Overview View Details

Sector Fast Moving Consumer Goods Compare with Sector peers
Industry Consumer Food Compare with Industry peers
Website http://www.moderndairies.com
Market Cap 19.80 Cr.
Enterprise Value(EV) 19.37 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) -16.02 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-12
Industry PE 53.92 Trailing Twelve Months Ending 2021-12
Book Value / Share -47.47 Trailing Twelve Months Ending 2021-12
Price to Book Value -0.18 Calculated using Price: 8.49
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 2.33 Cr. 23,319,861 Shares
FaceValue 10
Company Profile

Modern Dairies, incorporated as Modern Dairies Limited on April 22,1992 under the Companies Act, 1956. The company obtained fresh certificate on February 13,1996 consequent to change of registered office from UT of Chandigarh to State of Haryana with effect from March 20,1996 from Registrar of Companies, NCT of Delhi & Haryana. It is a part of the Modern Business Group, headquarted in Chandigarh.

The company has been promoted by Amarjit Goyal, S/o Late Lala Badri Dass Goyal of Nabha, Krishan Kumar Goyal, Alka Goyal , Modern Steels Limited and Chandigarh Finance (P) Ltd. However, MSL does not hold any shares in the company at present, hence ceased to be promoter. If it acquires any shares of the company, that will be in the capacity of Person Acting in Concert.

The company came with an IPO of Rs.433.00 lakh in the year 1993 to part finance the cost of project and got listed its securities on BSE, DSE and LSE, but the shares of the company got voluntarily delisted from DSE with effect from January 23 ,2004 and LSE with effect from March 26, 2004.

In 1993-94 the company set up a plant with capacity of 3.25 lacs kgs of milk per day based on three shifts (about 21 working hours per day) and is now processing 2.50 Lakh Kgs of milk per day on an average basis for the manufacture of milk products viz. skimmed milk powder, whole milk powder, dairy whitener, mozzarella cheese, pasteurized butter, pure ghee and pasteurized milk in pouches.

In 1997 the company made a reference to BIFR under section 15(1) of the Sick Industrial Companies (Special Provision) Act, 1985. BIFR registered MDL as a sick industrial company under section 3(1) (o) of SICA and appointed IFCI as the operating agency. Various concessions were given by IFCI, Punjab National Bank & Govt. of India (Ministry of Defence) & various steps were also initiated by the company and ultimately the company’s net worth became positive and BIFR in its meeting held on 08.12.2000 decided to take out the company out of the purview of BIFR and as such the nominee director was withdrawn.

In the year 1997, the company started manufacturing table butter and in the year 1998, the company started manufacturing mozzarella cheese. The company commissioned in the year 2002 its state-of-the-art facilities for mozzarella cheese. The company is already selling its dairy products to Glaxo SmithKline Consumer Healthcare Ltd, Britannia New Zealand Foods Pvt. Ltd., Nestle India Ltd., Hindustan Lever Ltd., and Domino’s Pizza.

The company was basically established to carry on the business of manufacturers, producers and processors of and dealers in milk, cream butter , ghee, cheese, condensed milk, malted milk , milk powder, skimmed milk powder, whole milk powder, ice milk, ice cream , milk foods, baby foods, invalids foods and milk products and milk preparations of all kind.

With stringent self-regulation, prudent economic foresight and sheer hardwork, the company has established a significant presence in the food and health space. They have over the years won the appreciation of renowned companies in their domain. 

Product range of the company includes:

Milk & Milk products

  • Skimmed Milk Powder 
  • Partially Skimmed Milk Powder 
  • Full Cream Milk Powder 
  • Coffee Whiteners 
  • Pasteurized Milk in sachets of all variants 

Cheese

  • Cheddar
  • Mozzarella
  • Cottage Cheese

Nutritional Ingredients

  • Edible Casein 
  • Milk Protein Concentrates 
  • Whey Protein Concentrates 
  • Lactose 

Milk Fats

  • Butter
  • Ghee

Customized Products 

Clientele:

  • Glaxo SmithKline Consumer Healthcare 
  • Nestle India 
  • Britannia - New Zealand Milk 
  • Mother Dairies 
  • Domino's Pizza 
  • Pizza Hut 
  • Britannia Industries 
  • Coca Cola - India 
  • Cadbury's 
  • Raptakos Brett 
  • Hindustan Lever 

Achievements/ recognition:

  • Quality Policy - September1997 
  • ISO 9001 - July 1998 
  • HACCP (Food Safety) - December 2000 
  • ISO 9001:2000 - September 2001 
  • Nestec Audit First Priority Level - March 2003 
  • ISO 14001 (Environment)- March 2003 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.56%
1 Week
-0.82%
1 Month
-3.08%
3 Month
-13.63%
6 Month
-9.10%
1 Year
-5.46%
2 Year
+90.79%
5 Year
-54.11%
10 Year
-45.75%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%)
Return on Capital Employed (%) 16.10 16.68 -4.27 -5.08 4.74 -19.59 7.73 4.26 -50.19
Return on Assets (%) -0.55 4.52 -10.95 -12.98 -6.96 -13.74 4.80 2.62 -33.93

Balance Sheet View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds -21 -11 -34 -58 -69 -88 -82 -78 -113 -112
Non Curr. Liab. 118 112 98 85 109 2 1 1 1 1
Curr. Liab. 113 107 135 147 114 203 216 208 186 174
Minority Int.
Equity & Liab. 210 207 199 174 153 117 136 130 74 63
Non Curr. Assets 91 86 83 81 87 86 84 78 36 36
Curr. Assets 119 122 116 93 66 31 51 53 38 27
Misc. Exp. not W/O
Total Assets 210 207 199 174 153 117 136 130 74 63

Profit Loss View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 585 638 625 497 457 467 560 766 610 273
Other Income 13 2 2 0 0 0 0 0 0 0
Total Income 599 641 627 497 458 467 561 766 610 273
Total Expenditure -572 -619 -629 -499 -461 -480 -549 -757 -600 -264
PBIDT 27 21 -2 -2 -3 -13 12 9 11 9
Interest -19 -16 -17 -18 -17 0 0 0 0 0
Depreciation -7 -7 -5 -5 -5 -5 -5 -6 -22 -23
Taxation -2 0 2 0
Exceptional Items 11 14 -23 -23
PAT -1 9 -22 -24 -11 -19 6 3 -35 -37
Adjusted EPS 0 4 -10 -10 -5 -8 3 2 -15 -16

Cash Flow View Details

Particulars 10 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. 1 -6 -7 17 30 3 16 4 6 7
Cash Fr. Inv. 2 -5 -1 -2 -2 -5 -3 -4 -5 -3
Cash Fr. Finan. -7 10 8 -16 -22 -3 -11 0 -2 -3
Net Change -5 -1 0 -1 6 -5 1 -1 -1 0
Cash & Cash Eqvt 2 1 2 0 6 1 3 2 1 1

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 45.69 45.69 45.69 45.69 45.69 45.69 45.69 45.69 45.69
Public 54.31 54.31 54.31 54.31 54.31 54.31 54.31 54.31 54.31
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Announcements View Details

Thu, 07 Apr 2022
SUBMISSION OF CERTIFICATE UNDER REGULATION 40(9) OF SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENT) REGULATIONS 2015
With reference to the captioned subject matter please find enclosed herewith Certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as issued by M/s. Prince Chadha & Associates Practising Company Secretaries (CP No. 12409) for the year ended 31st March 2022.This is for your information and records.
Mon, 04 Apr 2022
Statement Of Investor Complaints For The Quarter Ended March 2022
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0101
Name of the Signatory :- Krishan Kumar Goyal
Designation :- Managing Director / Whole Time Director
Sat, 02 Apr 2022
Compliance Certificate For The Period Ended 31St March 2022
Dear Sir With reference to the captioned subject matter please find enclosed herewith Compliance Certificate Pursuant to Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the year ended 31st March 2022.You are requested to kindly take the same in your records.

Technical Scans View Details

Fri, 20 May 2022
High Delivery Percentage High Delivery Percentage
High Decrease 3 Months High Decrease 3 Months
High Increase 2 Years High Increase 2 Years
Closing Near 50 SMA Closing Near 50 SMA
Close Crossing 50 SMA From Below Close Crossing 50 SMA From Below

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