Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 768 | 747 | 787 | 912 | 998 | 901 | 910 | 1,007 | 1,019 | 1,025 | 1,074 | 1,198 |
| Expenses | 698 | 664 | 712 | 806 | 901 | 805 | 826 | 924 | 926 | 946 | 1,021 | 1,133 |
| Operating Profit | 70 | 83 | 75 | 105 | 96 | 96 | 84 | 83 | 93 | 79 | 54 | 65 |
| OPM % | 9% | 11% | 10% | 12% | 10% | 11% | 9% | 8% | 9% | 8% | 5% | 5% |
| Other Income | 7 | 6 | 8 | 7 | 10 | 11 | 26 | 17 | 11 | 6 | 23 | 14 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 17 | 18 | 18 | 18 | 19 | 20 | 18 | 18 | 21 | 22 | 22 | 23 |
| Profit before tax | 59 | 70 | 64 | 93 | 86 | 86 | 90 | 81 | 83 | 63 | 54 | 55 |
| Tax % | 26% | 41% | 27% | 30% | 27% | 26% | 25% | 22% | 21% | -10% | -29% | 26% |
| Net Profit | 44 | 41 | 47 | 65 | 63 | 64 | 68 | 63 | 66 | 69 | 70 | 41 |
| EPS in Rs | 7.33 | 6.95 | 7.87 | 10.93 | 10.51 | 10.54 | 11.27 | 10.42 | 10.89 | 11.39 | 11.56 | 6.74 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,590 | 1,692 | 2,139 | 1,944 | 2,243 | 2,812 | 3,125 | 3,720 | 4,125 | 4,316 |
| Expenses | 1,476 | 1,556 | 1,996 | 1,700 | 2,031 | 2,619 | 2,835 | 3,338 | 3,816 | 4,025 |
| Operating Profit | 114 | 135 | 143 | 244 | 212 | 193 | 290 | 382 | 310 | 291 |
| OPM % | 7% | 8% | 7% | 13% | 9% | 7% | 9% | 10% | 8% | 7% |
| Other Income | 6 | 7 | 5 | 6 | 13 | 22 | 26 | 53 | 57 | 55 |
| Interest | 11 | 12 | 17 | 13 | 7 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 28 | 37 | 49 | 51 | 52 | 61 | 70 | 75 | 82 | 87 |
| Profit before tax | 80 | 93 | 82 | 186 | 166 | 152 | 244 | 356 | 281 | 254 |
| Tax % | 29% | 33% | 39% | 32% | 20% | 19% | 32% | 27% | 5% | |
| Net Profit | 57 | 63 | 50 | 126 | 133 | 122 | 167 | 260 | 267 | 245 |
| EPS in Rs | 173.72 | 11.27 | 8.96 | 21.60 | 22.32 | 20.55 | 28.03 | 43.09 | 44.26 | 40.58 |
| Dividend Payout % | 0% | 0% | 58% | 0% | 0% | 0% | 0% | 12% | 11% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | 14% | 13% | ||
| Compounded Profit Growth | % | 15% | 28% | -4% | ||
| Stock Price CAGR | % | 11% | 14% | -24% | ||
| Return on Equity | % | 17% | 17% | 16% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| Reserves | 336 | 351 | 378 | 600 | 784 | 913 | 1,079 | 1,346 | 1,614 |
| Borrowings | 132 | 167 | 160 | 99 | 13 | 32 | 46 | 42 | 57 |
| Other Liabilities | 135 | 178 | 199 | 216 | 232 | 247 | 293 | 282 | 355 |
| Total Liabilities | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,086 |
| Fixed Assets | 327 | 500 | 536 | 549 | 566 | 624 | 713 | 750 | 1,056 |
| CWIP | 16 | 11 | 11 | 8 | 4 | 58 | 12 | 12 | 109 |
| Investments | 67 | 26 | 12 | 60 | 184 | 260 | 196 | 644 | 411 |
| Other Assets | 197 | 214 | 233 | 355 | 334 | 310 | 556 | 324 | 509 |
| Total Assets | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,086 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 87 | 136 | 166 | 245 | 171 | 161 | -1 | 520 | 295 |
| Cash from Investing Activity | -66 | -148 | -76 | -200 | -137 | -210 | 30 | -526 | -285 |
| Cash from Financing Activity | -41 | 60 | -26 | 11 | -49 | 15 | -1 | -8 | -25 |
| Net Cash Flow | -20 | 48 | 64 | 55 | -14 | -35 | 28 | -14 | -15 |
| Free Cash Flow | 16 | 39 | 71 | 189 | 101 | 56 | -105 | 412 | 135 |
| CFO/OP | 91% | 114% | 124% | 121% | 99% | 107% | 22% | 165% | 113% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 40 | 36 | 27 | 26 | 27 | 20 | 62 | 22 | 18 |
| Days Payable | 19 | 22 | 17 | 23 | 23 | 22 | 24 | 21 | 22 |
| Cash Conversion Cycle | 22 | 16 | 11 | 4 | 5 | -0 | 40 | 2 | -3 |
| Working Capital Days | -13 | -6 | -13 | -15 | -8 | -7 | 19 | -6 | -10 |
| ROCE % | 20% | 17% | 30% | 21% | 16% | 22% | 27% | 17% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.21% | 62.21% | 62.21% | 60.52% | 59.69% | 59.69% | 59.69% | 59.69% | 58.92% | 58.92% | 58.92% | 58.92% |
| FIIs | 10.92% | 11.34% | 11.36% | 11.27% | 11.58% | 11.03% | 10.41% | 10.03% | 8.91% | 7.36% | 6.44% | 6.08% |
| DIIs | 16.99% | 16.90% | 17.62% | 18.64% | 17.96% | 18.84% | 19.14% | 19.22% | 21.50% | 23.76% | 25.34% | 25.85% |
| Public | 9.89% | 9.55% | 8.82% | 9.57% | 10.78% | 10.44% | 10.74% | 11.05% | 10.67% | 9.96% | 9.30% | 9.16% |
| No. of Shareholders | 34,479 | 32,356 | 29,700 | 32,163 | 33,798 | 33,259 | 33,695 | 37,798 | 38,552 | 35,379 | 33,649 | 33,213 |
Fundamentals
Market Cap₹ 6,075 Cr.
Current Price₹ 1,011
Stock P/E24.6
Book Value₹ 278
ROCE16.7 %
ROE16.4 %
Dividend Yield0.49 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)-4%
Consolidated figures.
Valuation
Market capRs 6,071 Cr
Enterprise valueRs 6,012 Cr
P/E (TTM)24.80x
Price to book4.32x
Price to sales1.41x
EV / EBITDA17.41x
EV / EBIT23.30x
EV / sales1.39x
Price to cash flow11.68x
Earnings yield4.03%
Dividend yield0.50%
P/E, 3-year average26.02x
P/B, 3-year average4.00x
P/E, 5-year average24.53x
P/B, 5-year average3.79x
Profitability
Operating margin (excl. other income)10.27%
Operating margin (incl. other income)11.68%
EBITDA margin8.00%
Pre-tax margin5.89%
Net profit margin5.67%
Net margin, latest quarter3.39%
ROE20.43%
ROCE27.34%
ROA16.20%
ROE, 3-year average16.57%
ROCE, 3-year average22.14%
ROA, 3-year average12.96%
ROE, 5-year average18.09%
ROCE, 5-year average23.47%
ROA, 5-year average13.21%
ROIC (approx.)13.99%
Tax rate26.94%
Other income / net worth3.75%
Growth
Sales growth (latest year)19.02%
Profit growth (latest year)55.89%
Sales CAGR, 3 years18.36%
Sales CAGR, 5 years11.70%
Profit CAGR, 3 years25.09%
Profit CAGR, 5 years39.12%
Sales growth QoQ11.49%
Profit growth QoQ-41.72%
Sales growth YoY (latest quarter)18.98%
Profit growth YoY (latest quarter)-35.36%
Per share
EPS (TTM)Rs 40.58
EPS (latest year)Rs 43.09
EPS (latest quarter)Rs 6.74
EPS, 3-year averageRs 30.56
EPS, 5-year averageRs 27.12
Book value per shareRs 233.05
Sales per shareRs 715.47
Cash flow per shareRs 86.16
Free cash flow per shareRs 22.38
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 5.00
Dividends
Dividend payout11.60%
Dividend payout, 3-year average11.60%
Dividend payout, 5-year average11.60%
Efficiency
Asset turnover2.15x
Fixed asset turnover4.96x
Inventory turnover17.37x
Inventory days21 days
Debtor days1 days
Debtors turnover301.95x
Creditor days22 days
Cash conversion cycle-3 days
Working capital days-10 days
Leverage
Total debtRs 42 Cr
Cash and bankRs 102 Cr
Net debtRs -59 Cr
Debt to equity0.03x
Net debt / EBITDA-0.17x
Interest coverage71.46x
Current ratio (filing 2026-03-31)2.44x
Quick ratio (filing 2026-03-31)1.95x
Trade payables (filing 2026-03-31)Rs 188 Cr
Owners' fund to total sources81.24%
Debt to assets2.45%
Cash flow
Cash from Operating Activity (latest year)Rs 520 Cr
Cash from Investing Activity (latest year)Rs -526 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs -14 Cr
Free cash flow (latest year)Rs 135 Cr
FCFE (approx.: FCF + change in debt)Rs 132 Cr
Cash from ops / profit, 5 years1.21x
Sales to cash flow7.16x
Statement figures
Net sales (TTM)Rs 4,316 Cr
Net sales (latest year)Rs 3,720 Cr
Sales (latest quarter)Rs 1,198 Cr
Operating profit excl. other income (latest year)Rs 382 Cr
Operating profit (latest quarter)Rs 65 Cr
Other income (TTM)Rs 55 Cr
EBITDA (TTM)Rs 345 Cr
PBDT (TTM)Rs 342 Cr
Profit before tax (TTM)Rs 254 Cr
Tax (latest year)Rs 96 Cr
Net profit (TTM)Rs 245 Cr
Net profit (latest year)Rs 260 Cr
Net profit (latest quarter)Rs 41 Cr
Depreciation (TTM)Rs 87 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 2,809 Cr
Total expenditure (latest year)Rs 3,338 Cr
Total income (latest year)Rs 3,773 Cr
Share capitalRs 60 Cr
ReservesRs 1,346 Cr
Shareholders' fundsRs 1,406 Cr
Total assetsRs 1,731 Cr
Net blockRs 750 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 644 Cr
ReceivablesRs 12 Cr
InventoryRs 162 Cr
Other liabilitiesRs 282 Cr
Shares outstanding (crore)6.03
Ownership
Promoter holding58.92% (-0.77 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.8 is at the 23th percentile of its own 5.4-year range
(median 31.1, low 22.1, high 74.7).
P/B 4.32 is at the 3th percentile (median 6.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | DODLA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.8% | -2.8% | -1.0 pts |
| 1 month | -5.6% | -6.8% | +1.2 pts |
| 3 months | -9.9% | -7.6% | -2.3 pts |
| 6 months | +3.6% | +0.4% | +3.2 pts |
| 1 year | -26.1% | -9.9% | -16.1 pts |
| 2 years | -16.8% | -13.6% | -3.2 pts |
| 3 years | +45.8% | +14.2% | +31.6 pts |
| 5 years | +69.5% | +27.9% | +41.6 pts |
19 mutual fund schemes hold about ₹1,561 Cr.
Over three months 6 bought more and 6 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Small Cap Fund | 1.28% | 536 | +9% |
| DSP Small Cap Fund | 2.06% | 447 | +7% |
| SBI Small Cap Fund | 0.93% | 397 | +1% |
| SBI Children's Fund-Investment Plan | 1.25% | 97 | -5% |
| Edelweiss Small Cap Fund | 0.66% | 48 | -3% |
| DSP Multi Cap Fund | 0.83% | 25 | +3% |
| Helios Small Cap Fund | 0.46% | 7 | -24% |
| Shriram Flexi Cap Fund | 1.00% | 1 | +27% |
| Shriram Multi Asset Allocation Fund | 0.59% | 1 | +2% |
| WOC Consumption Opportunities Fund | 0.53% | 1 | -13% |
| Shriram ELSS Tax Saver Fund | 1.20% | 1 | +43% |
| Shriram Aggressive Hybrid Fund | 0.58% | 0 | +3% |
| Shriram Balanced Advantage Fund | 0.58% | 0 | +7% |
| Shriram Multi Sector Rotation Fund | 0.12% | 0 | +100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +2% |
| SBI Quality Fund | 0.00% | 0 | -100% |
| SBI Consumption Opp Fund | 0.00% | 0 | -100% |
| Union Small Cap Fund | 0.00% | 0 | -100% |
| Union Small Cap Fund | 0.00% | 0 | -100% |
Red flags
F-score 7 of 8| look | Auditor change Auditor change 2026-04-24: Dodla Dairy Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | Regulator order or action Regulator order or action 2026-03-16: Dodla Dairy Limited has informed the Exchange about Action(s) taken or orders passed |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,198 Cr +19.0% vs Jun 2025.
Net profit ₹41 Cr -34.9%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Hatsun Agro Product Ltd | 24,496 | 67.0 | 15.2 % |
| Milky Mist Dairy Food Ltd | 24,480 | 133 | 15.4 % |
| Kwality Walls India Ltd | 9,633 | % | |
| Vadilal Industries Ltd | 5,232 | 23.9 | 22.0 % |
| Heritage Foods Ltd | 3,721 | 29.3 | 14.8 % |
| Parag Milk Foods Ltd | 3,373 | 25.0 | 13.4 % |
| Vadilal Enterprises Ltd | 869 | 63.6 | 24.8 % |
| Sheetal Cool Products Ltd | 684 | 33.0 | 17.0 % |
| Milkfood Ltd | 213 | 4.70 | 22.5 % |
| Modern Dairies Ltd | 157 | 29.2 | 13.7 % |
| Virat Crane Industries Ltd | 69 | -8.08 % | |
| Dindigul Farm Product Ltd | 66 | 17.6 | 8.84 % |
| Healthy Life Agritec Ltd | 34 | 7.51 | 10.6 % |
| Tasty Dairy Specialities Ltd | 8 | -5.36 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-07 | Dividend - Rs 5 Per Share | |
| 2025-07-07 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2024-10-31 | Interim Dividend - Rs 3 Per Share | |
| 2024-06-25 | Annual General Meeting | |
| 2023-06-28 | Annual General Meeting | |
| 2022-06-21 | Annual General Meeting | |
| 2021-09-14 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.