Parag Milk Foods Ltd.
Snapshot View

138.55 -2.55 ▼-1.8%

30 July 2021, 04:00:00 P.M.
Volume: 84,945

Overview View Details

Sector Fast Moving Consumer Goods Compare with Sector peers
Industry Consumer Food Compare with Industry peers
Website http://www.paragmilkfoods.com
Financial Indicators
Market Cap 1,321.43 Cr.
Earnings per share (EPS) 3.67 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 37.79 Trailing Twelve Months Ending 2021-06
Industry PE 56.97 Trailing Twelve Months Ending 2021-06
Book Value / Share 100.35 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.38 Calculated using Price: 138.55
Dividend Yield 0.36 Period Ending 2020-03
No. of Shares Subscribed 9.54 Cr. 95,375,841 Shares
FaceValue 10
Company Profile

The company was incorporated as Parag Milk & Milk Products Private Limited on December 29, 1992 with the registrar of companies at Mumbai with its 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 Registrar of Companies, Maharashtra at Pune (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. 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.

The company is one of the leading manufacturers and marketers of dairy-based branded foods in India. It commenced its business in 1992 with collection and distribution of milk and have now developed into a dairy-based branded consumer products company with an integrated business model, manufacturing a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands. A significant portion of its product range includes long shelf-life food and beverage products that enable it to sell its products to retail and institutional customers across India. It derives all of its products only from cows’ milk. Gowardhan and Go, its flagship brands, are among the leading ghee, cheese and other value added product brands in India.

The company’s supply chain network includes procurement from various districts across Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu, through over thousands of village level milk collection centres. It procures milk from milk farmers and through chilling centres and bulk coolers. The company also has dedicated sales and marketing team comprising several personnel based in its key distribution centres. Some of its leading institutional customers include leading restaurant and cafe chains such as Yum! Restaurants (India) (for Pizza Hut, Taco Bell and KFC), Jubilant Foodworks (for Domino‘s Pizza) and Sankalp Recreation (for Sam’s Pizza).

Business area of the company

The Company is engaged in the business of procurement of cow milk mainly in western and southern region, undertakes processing of milk and manufacture of various value added products namely cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, curd etc. which are marketed under its registered brand name ‘Gowardhan’, ‘Go’, ‘Topp up’ and ‘Avvatar’.

Products

Brand - Gowardhan

  • Fresh Milk
  • Ghee
  • Paneer
  • Dahi
  • Butter
  • Indian Desserts
  • Dairy Whiteners

Brand - GO

  • UHT Milk 
  • Cheese
  • Go Buttermilk
  • Go Lassi
  • Go Badaam Milk
  • Topp up
  • Go Fresh Cream
  • Health and Nutrition

Brand - Pride of Cows

  • Premium Farm-to-home Milk

Brand- Avvatar

  • Sports Nutrition Products

Milestones

  • 1992: Founded by Mr. Devendra Shah and his family in 1992, Parag is strategically located in the milk belts at Manchar, Maharashtra and Palamner, Andhra Pradesh. An initial milk procurement of 20 thousand litres per day.
  • 1994: Product Introduction - Cow Milk
  • 1998: Manchar VAP plant commissioned; production of ghee and butter under 'Gowardhan' brand
  • 1998: Product Introduction - Toned Milk
  • 1999: Product Introduction - Skim Milk Powder and Ghee
  • 2000: Cheese production on a small scale
  • 2000: Product Introduction - Gulab Jamun Mix and Double Toned Milk
  • 2000: In the same year, exports to Southeast Asia, the Middle East and Africa
  • 2001: Product Introduction - Dairy Whitener
  • 2002: Product Introduction - Cheese Powder
  • 2004: Product Introduction- Whole Milk Powder and Butter
  • 2005: Product Introduction - Chaas
  • 2005: Became the largest exporters of dairy commodities from India with around 95% of products manufactured and exported
  • 2005: Launch of own dairy farm, Bhagyalakshmi
  • 2008: Established as the leading brand of Cheese in Food service business
  • 2008: Investment by Motilal Oswal PE; plan for new cheese plant
  • 2010: Plan launched for Palamaner plant; launch of yoghurt and cheese products
  • 2011: Launch of UHT milk and paneer, 'Pride of Cows' brand
  • 2012: Investment by IDFC Alternatives
  • 2014: Launch of Whey Products
  • 2015: Parag got its corporate identity as Parag Milk Foods Limited.
  • 2016: Parag Milk Foods Limited got listed on the bourses.
  • 2017: Launched 100% whey protein under the brand name ‘Avvatar’.
  • 2018: Expanded Health & Nutrition product category further under Avvatar & Go Protein Power.
  • 2019: Expanded fresh products business in the Northern & Eastern regions of the country
  • 2019-20: Launched new variants such as Go Cheese Pizza Blend, Go Cheese Four Cheese, as well as Go Cheese (plain) Processed Angles and Go Cheese Jalapeno slices.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.81%
1 Week
-0.25%
1 Month
+1.46%
3 Month
+24.37%
6 Month
+24.99%
1 Year
+62.05%
2 Year
-37.80%
5 Year
-57.01%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 31.81 32.65 16.75 29.51 19.48 0.96 13.04 15.70 10.79
Return on Capital Employed (%) 13.62 11.70 8.97 12.31 16.40 3.93 16.37 17.73 13.88
Return on Assets (%) 2.81 3.41 1.93 3.69 4.87 0.41 6.43 8.42 5.99

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 55 80 94 124 362 625 712 827 911
Non Curr. Liab. 174 241 288 200 172 75 66 52 55
Curr. Liab. 373 370 438 600 486 578 650 560 721
Minority Int. 0 0 0
Equity & Liab. 602 690 820 924 1,020 1,278 1,429 1,439 1,687
Non Curr. Assets 311 345 384 388 407 441 469 504 504
Curr. Assets 291 346 436 536 613 837 960 935 1,183
Misc. Exp. not W/O
Total Assets 602 690 820 924 1,020 1,278 1,429 1,439 1,687

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 896 926 1,087 1,444 1,645 1,731 1,955 2,396 2,438
Other Income 1 2 1 2 2 13 13 10 8
Total Income 897 929 1,088 1,446 1,647 1,744 1,967 2,406 2,446
Total Expenditure -818 -842 -1,006 -1,337 -1,497 -1,643 -1,762 -2,172 -2,227
PBIDT 79 87 82 109 150 101 205 234 219
Interest -40 -40 -44 -47 -50 -33 -36 -36 -38
Depreciation -23 -26 -28 -28 -33 -49 -51 -50 -54
Taxation -2 2 4 -2 -19 6 -32 -27 -33
Exceptional Items -19
PAT 15 22 15 32 47 5 87 121 94

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. 34 16 46 88 59 -17 19 140 -66
Cash Fr. Inv. -70 -57 -59 -29 -32 -87 -16 -73 -30
Cash Fr. Finan. 36 41 15 -58 -26 140 -12 -91 111
Net Change 0 0 2 1 1 36 -10 -24 15
Cash & Cash Eqvt 2 1 3 4 5 41 31 7 22

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 45.96 45.96 46.20 46.20 46.20 46.20 46.20 46.20 40.75
Public 54.04 53.83 53.80 53.80 53.59 53.59 53.80 53.59 59.25
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 21.73 35.87 35.69 48.10 24.81 12.72 0.00 0.00 0.00

Announcements View Details

Thu, 29 Jul 2021
Parag Milk Foods Limited Intimation Of Un-Audited Financial Results For Quarter Ended June 30 2021.
Parag Milk Foods Limtied 2021 Disclosure on Un-Audited Standalone and Consolidated Financial Results for the Quarter ended June 30 2021
Thu, 29 Jul 2021
Board Meeting Outcome for Parag Milk Foods Limited Outcome Of Board Meeting Held On July 29 2021
Parag Milk Foods Limited Outcome of Board Meeting Held on July 29 2021
Thu, 29 Jul 2021
Announcement under Regulation 30 (LODR)-Investor Presentation
Parag Milk Foods Limited Investor Presentation for Q1FY22

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Hindustan Unilever Ltd. 548,405.78 2,334.05 +0.0%
ITC Ltd. 252,348.03 205.00 -0.5%
Nestle India Ltd. 170,682.33 17,725.00 -1.0%
Dabur India Ltd. 105,832.44 598.65 +2.4%
Godrej Consumer Products Ltd. 101,308.49 990.75 +0.4%
Britannia Industries Ltd. 82,378.16 3,420.05 +0.4%
Marico Ltd. 70,555.04 546.35 +3.5%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-06 66.93 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-06 18.12 205.00 -0.5%
Nestle India Ltd. Standalone 2021-06 77.19 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 62.50 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 58.87 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2021-03 44.20 3,420.05 +0.4%
Marico Ltd. Consolidated 2021-03 60.20 546.35 +3.5%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-06 11.02 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-06 4.07 205.00 -0.5%
Nestle India Ltd. Standalone 2021-06 76.28 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 14.04 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 10.74 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2021-03 23.22 3,420.05 +0.4%
Marico Ltd. Consolidated 2021-03 21.77 546.35 +3.5%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 0.00 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-03 0.00 205.00 -0.5%
Nestle India Ltd. Standalone 2020-12 0.02 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 0.07 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 0.19 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2020-03 0.35 3,420.05 +0.4%
Marico Ltd. Consolidated 2020-03 0.11 546.35 +3.5%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 28.63 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-03 21.97 205.00 -0.5%
Nestle India Ltd. Standalone 2020-12 105.76 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 24.14 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 19.87 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2020-03 32.39 3,420.05 +0.4%
Marico Ltd. Consolidated 2020-03 35.04 546.35 +3.5%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 38.36 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-03 28.66 205.00 -0.5%
Nestle India Ltd. Standalone 2020-12 147.88 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 27.29 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 19.61 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2020-03 37.12 3,420.05 +0.4%
Marico Ltd. Consolidated 2020-03 42.59 546.35 +3.5%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 47,029.00 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-03 49,272.78 205.00 -0.5%
Nestle India Ltd. Standalone 2020-12 13,350.03 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 9,546.60 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 11,028.62 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2020-03 11,599.55 3,420.05 +0.4%
Marico Ltd. Consolidated 2020-03 7,315.00 546.35 +3.5%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 7,999.00 2,334.05 +0.0%
ITC Ltd. Consolidated 2021-03 13,389.80 205.00 -0.5%
Nestle India Ltd. Standalone 2020-12 2,082.43 17,725.00 -1.0%
Dabur India Ltd. Consolidated 2021-03 1,695.96 598.65 +2.4%
Godrej Consumer Products Ltd. Consolidated 2021-03 1,720.83 990.75 +0.4%
Britannia Industries Ltd. Consolidated 2020-03 1,393.16 3,420.05 +0.4%
Marico Ltd. Consolidated 2020-03 1,043.00 546.35 +3.5%