Kwality Wall's (India) Limited
NSE: KWILDairy Products
Share price
₹36.91
-3.02% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
26
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹8,682 Cr
P/E ratio
—
P/B ratio
12.9
ROCE
-81.3%
ROE
-7376.0%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
We do not have three full years of its sales yet, so there is nothing to compare with its sector.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Kwality Wall's (India) Limited — this one | — | — | — |
| Milky Mist Dairy Food Limited | 67%/yr | 200.6× | ₹3.0 |
| Hatsun Agro Product Limited | 30%/yr | 67.4× | ₹2.2 |
| Dodla Dairy Limited | 28%/yr | 24.2× | ₹0.86 |
| Vadilal Industries Limited | 15%/yr | 22.9× | ₹1.5 |
| Parag Milk Foods Limited | 37%/yr | 28.1× | ₹0.76 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Dairy Products), it ranks 10 of 10 on returns, 10 of 10 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
It is losing money on the capital in the business, so there is no advantage to measure.
Whether its growth pays for itself
Only 0 years of matching accounts on file — too few to judge this yet.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
4 of 6 checks clear · 67%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Q1 revenue was Rs 878.3 crore and net profit was Rs 50.7 crore.
Announced 14 Aug 2026 · Standalone · Unaudited
Revenue
₹878 Cr
Net profit
₹51 Cr
EPS
₹0.22
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹8,682 Cr
- Prev close
- ₹36.91
- 52w High
- ₹50.7
- 52w Low
- ₹22.2
- Enterprise value
- ₹8,682 Cr
- Beta
- 1.1
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- -7376.0%
- PEG ratio
- —
- P/E ratio
- —
- P/B ratio
- 12.9
- EV / EBITDA
- -170600.0
- Industry P/E
- 28.3
- ROCE
- -81.3%
- ROCE 5y average
- —
- ROE
- -7376.0%
- Debt / Equity
- 0.0
- Interest coverage
- -13.3
- Dividend yield
- 0.0%
- ROE 3y average
- —
- ROE last year
- -1.0%
Annual P&L
- Annual revenue
- ₹2,245 Cr
- Annual profit
- -₹369 Cr
- Operating margin
- -4.9%
- Net profit margin
- -16.4%
- EBITDA margin
- -4.9%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹-1.6
- Sales growth TTM
- —
- Profit growth TTM
- —
- Dividend payout
- —
Quarter P&L
- Sales latest quarter
- ₹878 Cr
- Profit latest quarter
- ₹51 Cr
- YoY quarterly sales growth
- 16.0%
- YoY quarterly profit growth
- 34.2%
- OPM latest quarter
- 11.8%
Balance Sheet
- Book Value
- ₹0.0
- Face Value
- ₹1.0
- Total debt
- ₹0 Cr
- Total cash
- ₹14 Cr
- Borrowings
- ₹0 Cr
- Reserves / Equity
- 0.0
Cash Flow
- Operating cash flow
- —
- Free cash flow
- —
- FCF yield
- —
- Net cash flow
- —
Shareholding
- Promoter holding
- 61.9%
- FII holding
- 3.7%
- DII holding
- 11.0%
- Public holding
- 23.4%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Hatsun Agro | 1,138.95 | 69.4 | 25,370 | 0.88 | 133.7 | -9.7 | 3,090.5 | 21.9 | 15.2 |
| Milky Mist Dairy | 323.00 | 135.2 | 24,866 | 0.00 | 64.5 | 1024.8 | 973.4 | 44.7 | 15.3 |
| Kwality Wall's | 37.64 | 8,844 | 0.00 | 50.7 | 8.0 | 878.3 | 16.0 | ||
| Dodla Dairy | 1,000.70 | 24.4 | 6,037 | 0.48 | 40.6 | -35.4 | 1,197.9 | 19.0 | 16.7 |
| Vadilal Inds. | 7,063.95 | 23.2 | 5,079 | 0.61 | 130.9 | 95.5 | 680.1 | 34.2 | 22.0 |
| Parag Milk Foods | 314.40 | 29.3 | 3,949 | 0.35 | 22.1 | -20.1 | 944.6 | 10.9 | 13.4 |
| Heritage Foods | 398.80 | 29.2 | 3,701 | 0.64 | 25.0 | -38.4 | 1,338.1 | 17.7 | 14.8 |
| Median | 398.80 | 30.2 | 3,949 | 0.02 | 25.0 | 15.9 | 878.3 | 17.7 | 16.0 |
Competes with: Dodla Dairy Limited, Hatsun Agro Product Limited, Heritage Foods Limited, Milkfood Limited, Milky Mist Dairy Food Limited, Parag Milk Foods Limited, Sheetal Cool Products Limited, Vadilal Enterprises Limited, Vadilal Industries Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 757 | 322 | 223 | 486 | 878 |
| Expenses | 680 | 378 | 288 | 564 | 775 |
| Material Cost | 111 | 217 | 180 | ||
| Change in Inventories | -53 | -78 | 131 | ||
| Purchases of Stock-in-Trade | 72 | 132 | 161 | ||
| Employee Cost | 40 | 51 | 57 | ||
| Other Expenses | 118 | 242 | 245 | ||
| Operating Profit | 78 | -56 | -64 | -78 | 103 |
| OPM % | 10 | -17 | -29 | -16 | 12 |
| Other Income | 0 | -2 | -94 | -18 | 15 |
| Exceptional items (within Other Income) | -94 | -18 | 14 | ||
| Interest | 5 | 5 | 7 | 9 | 10 |
| Depreciation | 35 | 36 | 38 | 38 | 40 |
| Profit before tax | 38 | -99 | -203 | -143 | 68 |
| Tax % | 0 | 1 | -12 | -25 | 25 |
| Net Profit | 38 | -100 | -178 | -107 | 51 |
| EPS in Rs | 7.52 | -20 | -0.76 | -0.46 | 0.22 |
| Diluted EPS in Rs | -0.76 | -0.46 | 0.22 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2025 3m | Mar 2026 12m | TTM |
|---|---|---|---|
| Sales | 0 | 2,245 | 1,909 |
| Expenses | 0 | 2,355 | 2,005 |
| Material Cost | 790 | ||
| Change in Inventories | -151 | ||
| Purchases of Stock-in-Trade | 565 | ||
| Employee Cost | 186 | ||
| Other Expenses | 966 | ||
| Operating Profit | -0 | -110 | -96 |
| OPM % | -4.89 | -5 | |
| Other Income | 0 | -114 | -99 |
| Exceptional items (within Other Income) | -114 | ||
| Interest | 0 | 30 | 32 |
| Depreciation | 0 | 172 | 152 |
| Profit before tax | -0 | -426 | -378 |
| Tax % | 0 | ||
| Net Profit | -0 | -369 | -335 |
| EPS in Rs | -0.01 | -1.57 | -21 |
| Diluted EPS in Rs | -1.57 | ||
| Dividend Payout % | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- —
- Last year
- -1%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2025 |
|---|---|
| Equity Capital | 5 |
| Reserves | -0 |
| Borrowings | 0 |
| Other Liabilities | 0 |
| Total Liabilities | 5 |
| Fixed Assets | 0 |
| CWIP | 0 |
| Investments | 0 |
| Other Assets | 5 |
| Total Assets | 5 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
This company does not publish this table.
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
This company does not publish this table.
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Kwality Wall's (India) Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Chocolate & couverture
- Cocoa / cocoa derivatives
- Dairy / skimmed milk powder
- Nuts and fruits
- Packaging (corrugate boxes, laminates, tubs, sticks, spoons)
- Sugar
- Vegetable fat
Depends on the price of
- Cocoa
- dairy
- sugar
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Fast Moving Consumer Goods
- Industry
- Dairy Products
- Classification
- Fast Moving Consumer Goods › Dairy Products
- ISIN
- INE2KCE01013
Plants
- Kwality Wall's - Nalagarh plant
- Kwality Wall's - Nashik plant
News impact
Big market events that reach Kwality Wall's (India) Limited, and how the effect spreads.
30 Sept, 21:33 IST · Market event · medium impact
Vadilal resets after 10 years & amid a family battle
Vadilal reset its 10-year deal between its two family firms amid a feud, hurting its own shareholders on uncertainty while rival dairies gain slightly.
Who it hits first
- Vadilal Industries, which makes ice cream and dairy foods, signed a fresh business deal with its sister firm Vadilal Enterprises after 10 years.
- The reset comes during an ongoing fight within the Vadilal family over control, which clouds who gets what profit and makes near-term earnings hard to predict.
- Investors usually punish this kind of family uncertainty with a small selloff until clear terms appear.
Who may gain
- Rival dairy and ice-cream makers like Parag Milk Foods, Heritage Foods, Hatsun Agro Product and Kwality Wall's could pick up tiny extra sales if Vadilal's team is distracted.
- No other sector wins — this is a family paperwork reset, not a demand boom.
Along the supply chain
Downstream
No direct factory customer exists in the graph — Vadilal sells through shops, parlours and distributors, who can switch a few orders to rival brands if supply wobbles.
Upstream
Makers of packaging, flavours and dairy inputs that sell to Vadilal, including the two suppliers in the graph, see no order cut yet — a family paperwork reset does not stop ice-cream plants.
Where demand moves
Business
Shops that stock both Vadilal and rival tubs may order a little more from Parag, Heritage, Hatsun and Kwality if Vadilal's sales team slows, but freezers stay full and total ice-cream eating does not grow.
Capital
Investors may trim Vadilal Industries and Vadilal Enterprises on feud headlines and park that money in larger dairy names or wait in cash until the new terms are clear.
How it spreads across sectors
Fast Moving Consumer Goods
Ice-cream and dairy shelves stay normal — a small sympathy wobble for Vadilal-linked names, with tiny share gains possible for rival dairies, but no sector-wide demand change.
When it plays out
Immediate
Vadilal shares drift on feud headlines while traders wait for reset details; rival dairy stocks stay flat to slightly firm.
Medium term
Earnings show whether the reset helped or hurt profit sharing; feud overhang fades if the family sticks to the new deal.
Short term
If deal terms stay vague, Vadilal stays soft and rivals hold tiny gains; clear paperwork would calm both sides.
26 Sept, 12:14 IST · Market event · high impact
Sixth Sense India sells 29.54 lakh shares in Parag Milk Foods - scanx.trade
A big investor sold 29.54 lakh Parag Milk Foods shares, pressing its price short term and letting new buyers enter cheaper while rival dairy makers see no business change.
Who it hits first
- Sixth Sense India, a large outside investor, sold about 29.54 lakh shares of Parag Milk Foods, a company that makes milk, cheese, ghee and other dairy foods.
- That puts a big block of Parag Milk Foods shares up for sale at once, which can push its share price down for a few days even though its dairy business itself is unchanged.
Who may gain
- New buyers who pick up the 29.54 lakh shares, possibly at a small discount to the market price.
- No company gains new business from this — it is a shareholder selling shares, not customers buying more.
Along the supply chain
Downstream
No direct link downstream — shops and distributors selling Parag's dairy products see no change in sales from this share sale.
Upstream
No direct link upstream — dairy farmers and packaging suppliers selling to Parag Milk Foods see no change in orders from a shareholder selling shares.
Where demand moves
Business
No change in everyday demand — families buying Parag's milk, curd and cheese are unaffected because this is one investor selling shares, not a change in products or prices.
Capital
Selling pressure rises on Parag Milk Foods shares as about 29.54 lakh shares from Sixth Sense India need new buyers, which can weigh on the price until the block is absorbed.
How it spreads across sectors
Fast Moving Consumer Goods
Near-term mood-only wobble for listed dairy peers such as Heritage Foods, Hatsun Agro and Vadilal Industries, with no change to their sales or costs.
When it plays out
Immediate
1-7 days: Parag Milk Foods shares face extra selling pressure and may dip 2-4% while the 29.54 lakh-share block finds buyers; peers wobble mildly on mood.
Medium term
1-6 months: Parag Milk Foods trades on milk demand and earnings again; the share sale leaves no lasting mark unless more holders keep selling.
Short term
1-4 weeks: selling pressure fades as the block is absorbed and the price steadies around its usual business value.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 21 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 1,33,26,862 | ₹47.60 |
| 21 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 1,33,09,156 | ₹47.64 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.