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Parag Milk Foods Limited

Parag Milk Foods Limited

NSE: PARAGMILK
Packaged FoodsConsumer DefensiveSMALL CAPMCap ₹3.45k Cr
₹276.30₹-19.60 (-6.62%)

Market Closed • NSE

Market cap₹3.45k Cr
Enterprise value₹4.30k Cr
P/E TTM27.33
Forward P/E17.54
P/B2.74
EPS TTM₹10.11
Forward EPS₹15.75
ROCE13.40%
D/E0.48
Dividend yield0.00%
Face value₹10.00
52W high₹376.95
52W low₹177.84
Price chart(1Y)
1Y Return:+18.33% (+₹42.80)
H: ₹317L: ₹205
1W-9.66%
1M+4.42%
3M+22.26%
6M+19.54%
1Y-3.14%
Today at a glance

Day range

₹275.10₹296.35

52 week range

₹177.84₹376.95
Volume3.19M1.47x 20D avg
Free float50.00%+46.60% volume

Parag Milk Foods Limited closed at INR276.30 (-6.62%) on volume 1.47x its 20-day average, trading 26.7% below its 52-week high.

Technical analysis
RSI (14)48.3Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹14.69High
SMA 20₹284.61BEARISH
SMA 50₹257.85BULLISH
SMA 100₹243.12BULLISH
SMA 200₹234.42BULLISH
CPR bottom₹300.20
Pivot₹298.77
CPR top₹297.33
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -31.3% QoQ

2026-09-22

DIVIDEND Announced

Dividend - Rs 1.10 Per Share

2025-09-22

DIVIDEND Announced

Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹607.4 Cr₹3.45k Cr17.58%≤ 33%PASS
Non-halal income ratio–₹3.82k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.28k Cr₹2.28k Cr99.86%≥ 20%PASS
Receivables ratio–₹2.28k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E27.3321.90
Forward P/E17.54—
P/B2.742.40
EV/EBITDA—18.00
PEG—1.30
Earnings yield3.704.60
Growth & profitability
RevenuePAT
FY24PAT margin 2.90%
FY25PAT margin 3.50%
FY26PAT margin 3.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.60%
Revenue CAGR 5Y+4.40%
PAT CAGR 3Y+4.30%
PAT CAGR 5Y+8.30%
Operating margin5.42%
Net margin3.31%
Financial health & cash flow
Net debt₹604.1 CrModerate
Interest coverage2.30xEBIT / interest
CFO / PAT1.31x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹149.5 Cr
Capital expenditure–
Free cash flow₹40.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability65/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.48x

High Cash Flow Conversion: CFO/PAT averaged 1.31x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Packaged Foods.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
14.02%Institutional holding
45.25%Public holding
5Periods available
0.00%Promoter pledged
88.59KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
22 Sept 2026Dividend₹1.10 / share—22 Sept 2026
22 Sept 2025Dividend₹1.00 / share—22 Sept 2025
04 Sept 2024Dividend₹0.50 / share—04 Sept 2024
—Annual General MeetingAnnual General Meeting—04 Sept 2024
—Annual General MeetingAnnual General Meeting—20 Sept 2023
—Annual General MeetingAnnual General Meeting—22 Sept 2022
08 Sept 2021Dividend₹0.50 / share—07 Sept 2021
—Dividend₹0.50 / share—21 Sept 2020
—Dividend₹1.00 / share—20 Sept 2019
—Dividend₹0.75 / share—11 Sept 2018
—Dividend₹0.50 / share—01 Aug 2017
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)41.67%-0.67% latest vs average
Highest delivery55.96%on 18 Sept
Average volume (20D)2.18MTrading-session average
Conviction trendWeakening-0.67% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Hindustan Unilever Limited
Hindustan Unilever LimitedHINDUNILVR
Open analysis
₹4.45L42.462.32%₹17,341.00₹2,680.00+10.05%-3.18%
ITC Limited
ITC LimitedITC
Open analysis
₹3.30L16.646.06%₹19,114.00₹4,509.00-11.08%-15.61%
Nestlé India Limited
Nestlé India LimitedNESTLEIND
Open analysis
₹2.44L59.830.94%₹6,378.00₹959.00+25.16%+48.22%
Avenue Supermarts Limited
Avenue Supermarts LimitedDMART
Open analysis
₹2.18L69.890.00%₹18,795.00₹860.00+14.88%+11.25%
Varun Beverages Limited
Varun Beverages LimitedVBL
Open analysis
₹1.46L43.050.47%₹8,451.00₹1,525.00+20.44%+15.09%
Britannia Industries Limited
Britannia Industries LimitedBRITANNIA
Open analysis
₹1.15L44.071.87%₹5,000.00₹593.00+8.18%+14.04%
Marico Limited
Marico LimitedMARICO
Open analysis
₹1.02L53.910.51%₹3,957.00₹652.00+22.85%+27.10%
UNITED SPIRITS LIMITED
UNITED SPIRITS LIMITEDUNITDSPR
Open analysis
₹97,987.6558.111.23%₹3,054.00₹539.00+3.67%+28.03%
About Parag Milk Foods Limited
Parag Milk Foods Limited

Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories. [1]

IndiaConsumer Defensive

Questions investors ask
Is Parag Milk Foods Limited Shariah compliant?

Parag Milk Foods Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (17.58%) complies with AAOIFI threshold (≤ 33%).

What is Parag Milk Foods Limited's current valuation relative to peers?

Parag Milk Foods Limited trades at a P/E of 27.3x compared to the sector median of 21.9x, and a Price-to-Book of 2.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.48x. Interest coverage is 2.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 4.4% while net profit growth averaged 8.3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.