| 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
Cheese
Nutritional Ingredients
Milk Fats
Customized Products Clientele:
Achievements/ recognition:
|
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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
Cheese
Nutritional Ingredients
Milk Fats
Customized Products
Clientele:
Achievements/ recognition:
| 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 |
| 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 |
| 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 |
| 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 |
|
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. |
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Mon, 04 Apr 2022
Statement Of Investor Complaints For The Quarter Ended March 2022
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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. |
| Fri, 20 May 2022 |
High Delivery Percentage
|
High Decrease 3 Months
|
High Increase 2 Years
|
Closing Near 50 SMA
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Close Crossing 50 SMA From Below
|
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