Price
Financials
Standalone, Rs crore| Jun 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Sales | 673 | 854 | 973 |
| Expenses | 593 | 719 | 831 |
| Operating Profit | 80 | 136 | 143 |
| OPM % | 12% | 16% | 15% |
| Other Income | 2 | 1 | 1 |
| Interest | 34 | 27 | 24 |
| Depreciation | 39 | 42 | 47 |
| Profit before tax | 9 | 68 | 73 |
| Tax % | 39% | -38% | 12% |
| Net Profit | 6 | 94 | 64 |
| EPS in Rs | 0.09 | 1.46 | 1.00 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 928 | 1,012 | 1,432 | 1,803 | 2,328 | 3,137 |
| Expenses | 785 | 857 | 1,235 | 1,589 | 2,027 | 2,713 |
| Operating Profit | 143 | 154 | 196 | 214 | 301 | 424 |
| OPM % | 15% | 15% | 14% | 12% | 13% | 14% |
| Other Income | -3 | -2 | 5 | 5 | 5 | 6 |
| Interest | 47 | 41 | 58 | 72 | 86 | 106 |
| Depreciation | 54 | 61 | 79 | 107 | 136 | 169 |
| Profit before tax | 39 | 50 | 64 | 41 | 84 | 156 |
| Tax % | 40% | 37% | 56% | 56% | 48% | 20% |
| Net Profit | 23 | 32 | 28 | 18 | 44 | 125 |
| EPS in Rs | 66.09 | 90.71 | 80.06 | 51.91 | 0.69 | 1.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 28% | 30% | 35% | ||
| Compounded Profit Growth | % | 37% | 65% | 186% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 22% | 22% | 38% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 126 | |
| Reserves | 100 | 150 | 178 | 282 | 201 | |
| Borrowings | 464 | 545 | 804 | 1,035 | 1,375 | |
| Other Liabilities | 121 | 125 | 207 | 286 | 445 | |
| Total Liabilities | 688 | 823 | 1,193 | 1,606 | 2,147 | |
| Fixed Assets | 528 | 561 | 803 | 1,136 | 1,328 | |
| CWIP | 8 | 69 | 149 | 95 | 241 | |
| Investments | 0 | 0 | 0 | 7 | 7 | |
| Other Assets | 152 | 193 | 241 | 368 | 571 | |
| Total Assets | 688 | 823 | 1,193 | 1,606 | 2,147 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 135 | 120 | 199 | 140 | 309 | |
| Cash from Investing Activity | -107 | -175 | -396 | -289 | -542 | |
| Cash from Financing Activity | -42 | 60 | 202 | 152 | 236 | |
| Net Cash Flow | -14 | 5 | 5 | 2 | 3 | |
| Free Cash Flow | 28 | -35 | -202 | 140 | 309 | |
| CFO/OP | 100% | 90% | 108% | 69% | 107% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 15 | 24 | 19 | 16 | 16 | |
| Inventory Days | 47 | 38 | 41 | 61 | 62 | |
| Days Payable | 12 | 12 | 11 | 14 | 23 | |
| Cash Conversion Cycle | 51 | 50 | 48 | 63 | 55 | |
| Working Capital Days | -25 | -29 | -30 | -35 | -40 | |
| ROCE % | 15% | 15% | 10% | 11% |
| Aug 2026 | |
|---|---|
| Promoters | 79.51% |
| FIIs | 3.16% |
| DIIs | 4.76% |
| Government | 0.01% |
| Public | 12.55% |
| No. of Shareholders | 3,74,038 |
Fundamentals
Market Cap₹ 24,480 Cr.
Current Price₹ 318
Stock P/E133
Book Value₹
ROCE15.4 %
ROE38.3 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)35%
Compounded Profit Growth (TTM)186%
Standalone figures.
Valuation
Market capRs 23,746 Cr
Enterprise valueRs 24,283 Cr
P/E (TTM)747.90x
Price to book154.93x
Price to sales23.47x
EV / EBITDA159.47x
EV / EBIT266.76x
EV / sales24.00x
Price to cash flow197.14x
Earnings yield0.13%
Profitability
Operating margin (excl. other income)15.27%
Operating margin (incl. other income)15.05%
EBITDA margin15.05%
Pre-tax margin4.96%
Net profit margin3.14%
ROE24.77%
ROCE14.39%
ROA4.20%
ROIC (approx.)8.33%
Tax rate36.79%
Other income / net worth-1.45%
Growth
Sales growth (latest year)9.00%
Profit growth (latest year)37.27%
Per share
EPS (TTM)Rs 0.41
EPS (latest year)Rs 90.71
Book value per shareRs 1.99
Sales per shareRs 13.14
Cash flow per shareRs 1.56
Free cash flow per shareRs 4.01
Efficiency
Asset turnover1.23x
Fixed asset turnover1.80x
Inventory turnover10.59x
Inventory days34 days
Debtor days24 days
Debtors turnover15.36x
Creditor days23 days
Cash conversion cycle55 days
Working capital days-40 days
Leverage
Total debtRs 545 Cr
Cash and bankRs 7 Cr
Net debtRs 537 Cr
Debt to equity3.55x
Net debt / EBITDA3.53x
Interest coverage2.23x
Owners' fund to total sources18.63%
Debt to assets66.20%
Cash flow
Cash from Operating Activity (latest year)Rs 120 Cr
Cash from Investing Activity (latest year)Rs -175 Cr
Cash from Financing Activity (latest year)Rs 60 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 309 Cr
FCFE (approx.: FCF + change in debt)Rs 389 Cr
Cash from ops / profit, 5 years6.23x
Sales to cash flow8.40x
Statement figures
Net sales (TTM)Rs 1,012 Cr
Net sales (latest year)Rs 1,012 Cr
Operating profit excl. other income (latest year)Rs 154 Cr
Other income (TTM)Rs -2 Cr
EBITDA (TTM)Rs 152 Cr
PBDT (TTM)Rs 111 Cr
Profit before tax (TTM)Rs 50 Cr
Tax (latest year)Rs 18 Cr
Net profit (TTM)Rs 32 Cr
Net profit (latest year)Rs 32 Cr
Depreciation (TTM)Rs 61 Cr
Interest (TTM)Rs 41 Cr
Cost of goods sold (latest year)Rs 712 Cr
Total expenditure (latest year)Rs 857 Cr
Total income (latest year)Rs 1,010 Cr
Share capitalRs 4 Cr
ReservesRs 150 Cr
Shareholders' fundsRs 153 Cr
Total assetsRs 823 Cr
Net blockRs 561 Cr
Capital work in progressRs 69 Cr
ReceivablesRs 66 Cr
InventoryRs 67 Cr
Other liabilitiesRs 125 Cr
Shares outstanding (crore)76.98
Ownership
Promoter holding79.51%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | MILKYMIST | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.2% | -2.8% | +2.6 pts |
| 1 month | +32.9% | -6.8% | +39.7 pts |
41 mutual fund schemes hold about ₹984 Cr.
Over three months 0 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Aditya Birla SL Flexi Cap Fund | 0.44% | 128 | |
| Mirae Asset Midcap Fund | 0.50% | 105 | |
| Nippon India Small Cap Fund | 0.12% | 102 | |
| HDFC Balanced Advantage Fund | 0.06% | 64 | |
| Invesco India Multicap Fund | 1.26% | 57 | |
| Mirae Asset Multicap Fund | 0.96% | 54 | |
| ICICI Pru Bharat Consumption Fund | 1.59% | 51 | |
| Union Small Cap Fund | 1.72% | 46 | |
| Mirae Asset Aggressive Hybrid Fund | 0.44% | 42 | |
| Union Small Cap Fund | 1.72% | 41 | |
| HSBC Consumption Fund | 2.10% | 38 | |
| Aditya Birla SL Balanced Advantage Fund | 0.35% | 36 | |
| Motilal Oswal Small Cap Fund | 0.40% | 33 | |
| Invesco India Consumption Fund | 3.87% | 23 | |
| Aditya Birla SL Consumption Fund | 0.34% | 21 | |
| Motilal Oswal Consumption Fund | 1.46% | 17 | |
| TRUSTMF Flexi Cap Fund | 1.46% | 15 | |
| ICICI Pru FMCG Fund | 0.79% | 13 | |
| ICICI Pru FMCG Fund | 0.79% | 12 | |
| Edelweiss Large Cap Fund | 0.79% | 11 | |
| Mirae Asset Multi Asset Allocation Fund | 0.29% | 11 | |
| Edelweiss Recently Listed IPO Fund | 0.85% | 10 | |
| Invesco India Aggressive Hybrid Fund | 1.16% | 9 | |
| Mirae Asset Balanced Advantage Fund | 0.39% | 8 | |
| Mirae Asset Equity Savings Fund | 0.31% | 6 |
Red flags
F-score 6 of 8| look | On NSE surveillance On NSE surveillance: ASM long-term |
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
No quarterly results published.
Activity
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| Milkfood Ltd | 213 | 4.70 | 22.5 % |
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| 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.
No corporate actions on record.
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.
Long Term Additional Surveillance Measure (Long Term ASM): stage 4