Fin Cascade
Get Android appGet iOS app

Prices as of 9 Oct 2026 close · Not investment advice

Milkfood Limited

NSE: MLKFOODDairy Products

Share price

₹87.16

+2.36% close of 9 Oct 2026

Market cap ₹209 CrP/E 4.6

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

54

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹209 Cr

P/E ratio

4.6

P/B ratio

0.9

ROCE

22.5%

ROE

22.0%

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.

Prices as of 9 Oct 2026 close52-week high ₹91.8852-week low ₹45.70

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 1.1% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 3.5% to 2.6% over the last four years.

Whether it grew faster than its sector

It grew 2.7% a year against a sector median of 9.9% — 7.2 percentage points slower.

Room to re-rate, or risk of de-rating

For most of its recorded history its earnings were a fraction of today's, so its past price multiples are not a fair comparison.

Whether growth justifies the valuation

Priced at 0.1 times its growth rate, on earnings growth of 67%.

Profit growthPrice per ₹1 profitPer 1% growth
Milkfood Limited — this one67%/yr4.6×₹0.07
Kwality Wall's (India) Limited———
Dodla Dairy Limited28%/yr24.2×₹0.86
Vadilal Industries Limited15%/yr22.9×₹1.5
Parag Milk Foods Limited37%/yr28.4×₹0.77
Heritage Foods Limited34%/yr28.3×₹0.83

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 2 of 10 on returns, 8 of 9 on growth, 9 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?

A wide advantage: it earns 22.5% on capital, ahead of 80% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹82 crore of cash before any plant spend. And the profit is real: of every 100 rupees it reported over 12 years, about 87 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 30 days for its cash to waiting 73 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 8 checks clear · 63%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 7 Aug 2026 · Standalone · Unaudited

Revenue

₹81 Cr

Revenue vs last year

+10.3%

Revenue vs last quarter

-54.6%

Net profit

₹0 Cr

Profit vs last quarter

-99.6%

Net margin

0.3%

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
₹209 Cr
Prev close
₹87.16
52w High
₹93.0
52w Low
₹44.0
Enterprise value
—
Beta
0.8
Price CAGR 1y
9.0%
Price CAGR 3y
-18.0%
Price CAGR 5y
-1.0%
Price CAGR 10y
7.0%

Ratios

Return on assets
11.1%
PEG ratio
0.1
P/E ratio
4.6
P/B ratio
0.9
EV / EBITDA
—
Industry P/E
28.6
ROCE
22.5%
ROCE 5y average
10.0%
ROE
22.0%
Debt / Equity
0.5
Interest coverage
5.1
Dividend yield
0.0%
ROE 3y average
10.0%
ROE last year
22.0%

Annual P&L

Annual revenue
₹413 Cr
Annual profit
₹44 Cr
Operating margin
1.5%
Net profit margin
10.7%
EBITDA margin
1.5%
Sales growth 3y
-4.0%
Sales growth 5y
2.3%
Profit growth 3y
67.0%
Profit growth 5y
79.0%
EPS
₹18.2
Sales growth TTM
-1.0%
Profit growth TTM
1291.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹81 Cr
Profit latest quarter
₹0 Cr
YoY quarterly sales growth
10.3%
YoY quarterly profit growth
—
OPM latest quarter
4.3%

Balance Sheet

Book Value
₹93.3
Face Value
₹5.0
Total debt
₹110 Cr
Total cash
₹0 Cr
Borrowings
₹110 Cr
Reserves / Equity
17.7

Cash Flow

Operating cash flow
-₹105 Cr
Free cash flow
₹21 Cr
FCF yield
3.3%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
53.4%
FII holding
0.0%
DII holding
0.0%
Public holding
46.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Hatsun Agro1,147.7070.025,5650.85133.7-9.73,090.521.915.2
Milky Mist Dairy304.00127.223,4030.0064.51024.8973.444.715.3
Kwality Wall's38.068,9420.0050.78.0878.316.0
Dodla Dairy1,004.3024.56,0590.5040.6-35.41,197.919.016.7
Vadilal Inds.7,038.0523.15,0600.62130.995.5680.134.222.0
Heritage Foods401.4529.33,7250.6225.0-38.41,338.117.714.8
Parag Milk Foods276.6525.83,4750.4122.1-20.1944.610.913.4
Milkfood84.994.82180.000.2156.581.210.322.5
Median401.4529.93,7250.0225.015.9878.317.716.0

Competes with: Dodla Dairy Limited, Hatsun Agro Product Limited, Heritage Foods Limited, Kwality Wall's (India) Limited, Milky Mist Dairy Food Limited, Parag Milk Foods Limited, Vadilal Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales94106115122968011315874748617981
Expenses95100108114907411015075768017678
Material Cost77
Change in Inventories-9.38
Purchases of Stock-in-Trade0
Employee Cost4.78
Other Expenses5.61
Operating Profit-0.365.846.627.585.895.983.448.31-1.06-2.336.433.313.47
OPM %-0.385.525.766.236.137.443.045.25-1.44-3.157.451.854.27
Other Income3.742.570.023.060.0201.280.595.550.100.01660.66
Exceptional items (within Other Income)-0.23
Interest3.473.373.333.363.223.181.163.273.223.493.673.382.25
Depreciation1.721.721.691.591.671.651.831.951.962.141.701.361.59
Profit before tax-1.813.321.625.691.021.151.733.68-0.69-7.861.07650.29
Tax %-24-3.9228324222643400-322024
Net Profit-1.383.451.173.880.590.900.632.42-0.69-7.861.41510.22
EPS in Rs-0.701.760.571.880.240.370.260.99-0.28-3.220.58210.09

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales371373389491531551368316467437448413420
Expenses355352368465503527348303444417424407410
Operating Profit1621212628252013242024611
OPM %4.3065554.5054.1054.5051.502.60
Other Income22-4001034927267
Interest913121088871014111413
Depreciation6956789767777
Profit before tax22-0101393211985758
Tax %42391,1501623425-5115194022
Net Profit11-181082310754445
EPS in Rs0.510.47-0.514.165.224.281.241.784.973.461.851819
Dividend Payout %000000001318670

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
1%
5 years
2%
3 years
-4%
TTM
-1%

Compounded profit growth

10 years
47%
5 years
79%
3 years
67%
TTM
1291%

Stock price CAGR

10 years
7%
5 years
-1%
3 years
-18%
1 year
9%

Return on equity

10 years
8%
5 years
9%
3 years
10%
Last year
22%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55555555551212
Reserves30318593103112114118128170164212
Borrowings8394857159767373122116118110
Other Liabilities11374939011510811810974808161
Total Liabilities231204268259283300309304329371375396
Fixed Assets101107165163166183184184190222226174
CWIP122122250000
Investments000000000000
Other Assets1289510194115116124115139149149222
Total Assets231204268259283300309304329371375396

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity640272734201314-302019-105
Cash from Investing Activity-6-16-9-5-10-22-8-5-71-4126
Cash from Financing Activity1-25-19-23-200-7-836-21-15-21
Net Cash Flow1-0-1-04-2-20-100-0
Free Cash Flow-124182324-268-37211521

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days15171541522536625646749
Inventory Days1047684655646402963343449
Days Payable462428293725342339545234
Cash Conversion Cycle736971403543597249444864
Working Capital Days5-71-620203023201673
ROCE %101111121396597623

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters504848565656565656565653
FIIs7.647.287.282.6710.14000000
DIIs0.060.060.060.050.020.020.020.020.020.020.020.02
Public424545414344444444444447
No. of Shareholders4,3554,5234,7307,49011,63211,45311,36211,12611,02110,76610,49810,370

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +12.9% (₹77.20 → ₹87.16)Brick size ₹4.65 (fixed)Bricks 17
₹60.00₹80.00₹87.16Dec '25Jun '26
Price moved up one brickPrice moved down one brickLast close ₹87.16 on 9 Oct 2026

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.

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

News

News and filings about Milkfood 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

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
INE588G01021

News impact

Big market events that reach Milkfood Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

No dividends, splits or big trades on record.

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.