Price
Financials
Standalone, 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 | 105.80 | 114.98 | 121.69 | 96.05 | 80.40 | 113.28 | 158.03 | 73.66 | 74.05 | 86.29 | 178.93 | 81.22 |
| Expenses | 99.96 | 108.36 | 114.11 | 90.16 | 74.42 | 109.84 | 149.72 | 74.72 | 76.38 | 79.86 | 175.62 | 77.75 |
| Operating Profit | 5.84 | 6.62 | 7.58 | 5.89 | 5.98 | 3.44 | 8.31 | -1.06 | -2.33 | 6.43 | 3.31 | 3.47 |
| OPM % | 5.52% | 5.76% | 6.23% | 6.13% | 7.44% | 3.04% | 5.26% | -1.44% | -3.15% | 7.45% | 1.85% | 4.27% |
| Other Income | 2.57 | 0.02 | 3.06 | 0.02 | 0.00 | 1.28 | 0.59 | 5.55 | 0.10 | 0.01 | 66.00 | 0.66 |
| Interest | 3.37 | 3.33 | 3.36 | 3.22 | 3.18 | 1.16 | 3.27 | 3.22 | 3.49 | 3.67 | 3.38 | 2.25 |
| Depreciation | 1.72 | 1.69 | 1.59 | 1.67 | 1.65 | 1.83 | 1.95 | 1.96 | 2.14 | 1.70 | 1.36 | 1.59 |
| Profit before tax | 3.32 | 1.62 | 5.69 | 1.02 | 1.15 | 1.73 | 3.68 | -0.69 | -7.86 | 1.07 | 64.57 | 0.29 |
| Tax % | -3.92% | 27.78% | 31.81% | 42.16% | 21.74% | 63.58% | 34.24% | 0.00% | 0.00% | -31.78% | 20.38% | 24.14% |
| Net Profit | 3.45 | 1.17 | 3.88 | 0.59 | 0.90 | 0.63 | 2.42 | -0.69 | -7.86 | 1.41 | 51.41 | 0.22 |
| EPS in Rs | 1.76 | 0.57 | 1.88 | 0.24 | 0.37 | 0.26 | 0.99 | -0.28 | -3.22 | 0.58 | 21.09 | 0.09 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 373 | 389 | 491 | 531 | 551 | 368 | 316 | 467 | 437 | 448 | 413 | 420 |
| Expenses | 352 | 368 | 465 | 503 | 527 | 348 | 303 | 444 | 417 | 424 | 407 | 410 |
| Operating Profit | 21 | 21 | 26 | 28 | 25 | 20 | 13 | 24 | 20 | 24 | 6 | 11 |
| OPM % | 6% | 5% | 5% | 5% | 4.5% | 5% | 4.1% | 5% | 4.5% | 5% | 1.5% | 2.6% |
| Other Income | 2 | -4 | 0 | 0 | 1 | 0 | 3 | 4 | 9 | 2 | 72 | 67 |
| Interest | 13 | 12 | 10 | 8 | 8 | 8 | 7 | 10 | 14 | 11 | 14 | 13 |
| Depreciation | 9 | 5 | 6 | 7 | 8 | 9 | 7 | 6 | 7 | 7 | 7 | 7 |
| Profit before tax | 2 | -0 | 10 | 13 | 9 | 3 | 2 | 11 | 9 | 8 | 57 | 58 |
| Tax % | 39% | 1,150% | 16% | 23% | 4% | 25% | -51% | 15% | 19% | 40% | 22% | |
| Net Profit | 1 | -1 | 8 | 10 | 8 | 2 | 3 | 10 | 7 | 5 | 44 | 45 |
| EPS in Rs | 0.47 | -0.51 | 4.16 | 5.22 | 4.28 | 1.24 | 1.78 | 4.97 | 3.46 | 1.85 | 18.17 | 18.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 18% | 67% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 1% | 2% | -4% | -1% | ||
| Compounded Profit Growth | 47% | 79% | 67% | 1291% | ||
| Stock Price CAGR | 7% | 0% | -17% | 7% | ||
| Return on Equity | 8% | 9% | 10% | 22% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 12 | 12 |
| Reserves | 30 | 31 | 85 | 93 | 103 | 112 | 114 | 118 | 128 | 170 | 164 | 212 |
| Borrowings | 83 | 94 | 85 | 71 | 59 | 76 | 73 | 73 | 122 | 116 | 118 | 110 |
| Other Liabilities | 113 | 74 | 93 | 90 | 115 | 108 | 118 | 109 | 74 | 80 | 81 | 61 |
| Total Liabilities | 231 | 204 | 268 | 259 | 283 | 300 | 309 | 304 | 329 | 371 | 375 | 396 |
| Fixed Assets | 101 | 107 | 165 | 163 | 166 | 183 | 184 | 184 | 190 | 222 | 226 | 174 |
| CWIP | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 5 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 128 | 95 | 101 | 94 | 115 | 116 | 124 | 115 | 139 | 149 | 149 | 222 |
| Total Assets | 231 | 204 | 268 | 259 | 283 | 300 | 309 | 304 | 329 | 371 | 375 | 396 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 6 | 40 | 27 | 27 | 34 | 20 | 13 | 14 | -30 | 20 | 19 | -105 |
| Cash from Investing Activity | -6 | -16 | -9 | -5 | -10 | -22 | -8 | -5 | -7 | 1 | -4 | 126 |
| Cash from Financing Activity | 1 | -25 | -19 | -23 | -20 | 0 | -7 | -8 | 36 | -21 | -15 | -21 |
| Net Cash Flow | 1 | -0 | -1 | -0 | 4 | -2 | -2 | 0 | -1 | 0 | 0 | -0 |
| Free Cash Flow | -1 | 24 | 18 | 23 | 24 | -2 | 6 | 8 | -37 | 21 | 15 | 21 |
| CFO/OP | 36% | 190% | 126% | 110% | 129% | 92% | 71% | 118% | -114% | 102% | 98% | -1,454% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 17 | 15 | 4 | 15 | 22 | 53 | 66 | 25 | 64 | 67 | 49 |
| Inventory Days | 104 | 76 | 84 | 65 | 56 | 46 | 40 | 29 | 63 | 34 | 34 | 49 |
| Days Payable | 46 | 24 | 28 | 29 | 37 | 25 | 34 | 23 | 39 | 54 | 52 | 34 |
| Cash Conversion Cycle | 73 | 69 | 71 | 40 | 35 | 43 | 59 | 72 | 49 | 44 | 48 | 64 |
| Working Capital Days | 5 | -7 | 1 | -6 | 2 | 0 | 20 | 30 | 23 | 20 | 16 | 73 |
| ROCE % | 10% | 11% | 11% | 12% | 13% | 9% | 6% | 5% | 9% | 7% | 6% | 23% |
| 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 | 50.13% | 47.74% | 47.74% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 56.03% | 53.36% |
| FIIs | 7.64% | 7.28% | 7.28% | 2.67% | 1.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.06% | 0.06% | 0.06% | 0.05% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 42.16% | 44.92% | 44.92% | 41.24% | 42.94% | 43.80% | 43.95% | 43.94% | 43.93% | 43.95% | 43.93% | 46.60% |
| No. of Shareholders | 4,355 | 4,523 | 4,730 | 7,490 | 11,632 | 11,453 | 11,362 | 11,126 | 11,021 | 10,766 | 10,498 | 10,370 |
Fundamentals
Market Cap₹ 213 Cr.
Current Price₹ 84.2
Stock P/E4.70
Book Value₹ 92.0
ROCE22.5 %
ROE22.1 %
Dividend Yield0.74 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)1291%
Standalone figures.
Valuation
Market capRs 205 Cr
Enterprise valueRs 314 Cr
P/E (TTM)4.54x
Price to book0.91x
Price to sales0.49x
EV / EBITDA4.05x
EV / EBIT4.44x
EV / sales0.75x
Earnings yield22.03%
P/E, 3-year average15.56x
P/B, 3-year average0.63x
P/E, 5-year average13.48x
P/B, 5-year average0.56x
Profitability
Operating margin (excl. other income)1.54%
Operating margin (incl. other income)18.89%
EBITDA margin18.47%
Pre-tax margin13.81%
Net profit margin10.74%
Net margin, latest quarter0.27%
ROE22.12%
ROCE22.53%
ROA11.49%
ROE, 3-year average9.77%
ROCE, 3-year average12.34%
ROA, 3-year average4.91%
ROE, 5-year average7.97%
ROCE, 5-year average10.29%
ROA, 5-year average3.79%
ROIC (approx.)16.48%
Tax rate22.42%
Other income / net worth31.96%
Growth
Sales growth (latest year)-7.78%
Profit growth (latest year)879.87%
Sales CAGR, 3 years-4.05%
Sales CAGR, 5 years2.34%
Profit CAGR, 3 years65.62%
Profit CAGR, 5 years78.56%
Sales growth QoQ-54.61%
Profit growth QoQ-99.57%
Sales growth YoY (latest quarter)10.26%
Per share
EPS (TTM)Rs 18.53
EPS (latest year)Rs 18.17
EPS (latest quarter)Rs 0.09
EPS, 3-year averageRs 11.30
EPS, 5-year averageRs 12.20
Book value per shareRs 91.96
Sales per shareRs 172.49
Cash flow per shareRs -43.12
Free cash flow per shareRs 8.61
Dividend per share, 3-year averageRs 1.87
Dividend per share, 5-year averageRs 2.08
Dividends
Dividend payout, 3-year average42.73%
Dividend payout, 5-year average32.66%
Efficiency
Asset turnover1.04x
Fixed asset turnover2.38x
Inventory turnover8.06x
Inventory days45 days
Debtor days49 days
Debtors turnover7.44x
Creditor days34 days
Cash conversion cycle64 days
Working capital days73 days
Leverage
Total debtRs 110 Cr
Cash and bankRs 1 Cr
Net debtRs 109 Cr
Debt to equity0.49x
Net debt / EBITDA1.41x
Interest coverage5.54x
Owners' fund to total sources56.62%
Debt to assets27.88%
Cash flow
Cash from Operating Activity (latest year)Rs -105 Cr
Cash from Investing Activity (latest year)Rs 126 Cr
Cash from Financing Activity (latest year)Rs -21 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 21 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years-1.19x
Statement figures
Net sales (TTM)Rs 420 Cr
Net sales (latest year)Rs 413 Cr
Sales (latest quarter)Rs 81 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 67 Cr
EBITDA (TTM)Rs 78 Cr
PBDT (TTM)Rs 65 Cr
Profit before tax (TTM)Rs 58 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 45 Cr
Net profit (latest year)Rs 44 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 370 Cr
Total expenditure (latest year)Rs 407 Cr
Total income (latest year)Rs 485 Cr
Share capitalRs 12 Cr
ReservesRs 212 Cr
Shareholders' fundsRs 224 Cr
Total assetsRs 396 Cr
Net blockRs 174 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 55 Cr
InventoryRs 46 Cr
Other liabilitiesRs 61 Cr
Shares outstanding (crore)2.44
Ownership
Promoter holding53.36% (-2.67 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 4.5 is at the 4th percentile of its own 7.9-year range
(median 35.7, low 3.7, high 108.5).
P/B 0.91 is at the 8th percentile (median 1.92).
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 | MLKFOOD | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.2% | -2.8% | +4.0 pts |
| 1 month | +0.3% | -6.8% | +7.1 pts |
| 3 years | -42.6% | +14.2% | -56.7 pts |
| 5 years | -0.9% | +27.9% | -28.8 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -117% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 38% of total assets in 2026 |
| look | Inventory outrunning sales Inventory grew 37% vs sales -8% in 2026 |
| look | Profit leans on other income Other income was 126% of pre-tax profit in 2026 |
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 ₹81 Cr +10.3% vs Jun 2025.
Net profit ₹0 Cr +131.9%.
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 | % | |
| Dodla Dairy Ltd | 6,075 | 24.6 | 16.7 % |
| 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 % |
| 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.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Milkfood Ltd?
Milkfood Ltd (MLKFOOD) has a market capitalisation of Rs 213 Cr. at the 2026-10-01 close.
What is the P/E ratio of Milkfood Ltd?
Milkfood Ltd trades at a P/E of 4.70 on trailing twelve-month profit, at the 2026-10-01 close.
What were Milkfood Ltd's latest quarterly results?
In the Jun 2026 quarter, Milkfood Ltd sales was Rs 81 Cr (+10.3% vs Jun 2025) and net profit was Rs 0 Cr.
What is the 52-week high and low of Milkfood Ltd?
The 52-week high is Rs 93.00 and the 52-week low is Rs 71.02.