Parag Milk Foods
Parag Milk Foods Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Parag Milk Foods Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Parag Milk Foods Ltd trades at a P/E of 21.82× and P/B of 2.29×, against the Consumer Defensive sector median P/E of 34.17×.
Valuation
Profitability
Growth
Financial Health
Parag Milk Foods Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Parag Milk Foods Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Parag Milk Foods Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Parag Milk Foods Ltd, switchable between annual and quarterly views, consolidated or standalone.
Parag Milk Foods Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,883.78 Cr and reported EPS of ₹10.58.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,955 | 2,396 | 2,438 | 1,842 | 2,072 | 2,893 | 3,139 | 3,432 | 3,818 |
| Other Income | 12 | 10 | 8 | 14 | 21 | 31 | 25 | 40 | 53 |
| Total Income | 1,967 | 2,406 | 2,446 | 1,855 | 2,093 | 2,923 | 3,164 | 3,472 | 3,871 |
| Cost of Goods Sold (COGS) | 1,368 | 1,657 | 1,815 | 1,362 | 2,081 | 2,323 | 2,390 | 2,547 | 2,798 |
| Gross Profit | 587 | 738 | 623 | 480 | -9 | 569 | 749 | 885 | 1,020 |
| +Operating Expenses | 393 | 515 | 412 | 355 | 430 | 437 | 552 | 633 | 763 |
| EBITDA | 193 | 223 | 211 | 125 | -438 | 133 | 197 | 253 | 257 |
| +Non-Operating Expenses | 86 | 86 | 92 | 98 | 105 | 112 | 136 | 160 | 146 |
| Profit Before Tax (PBT) | 119 | 148 | 127 | 41 | -522 | 51 | 86 | 133 | 152 |
| +Tax Expense | 32 | 27 | 33 | 20 | 10 | -2 | -5 | 14 | 17 |
| Profit After Tax (PAT) | 87 | 121 | 94 | 21 | -532 | 53 | 91 | 119 | 135 |
| Earnings Per Share (EPS) | 10.35 | 14.35 | 11.14 | 2.46 | -55.83 | 4.54 | 7.59 | 9.95 | 10.79 |
| Diluted Shares Outstanding (Nos.) | 8 | 8 | 8 | 8 | 10 | 12 | 12 | 12 | 13 |
| +Additional Disclosures | 3,215 | 3,916 | 4,134 | 3,177 | 4,696 | 5,196 | 5,468 | 5,885 | 6,510 |
| Sales Growth % | — | 22.57 | 1.76 | -24.45 | 12.49 | 39.62 | 8.51 | 9.35 | 11.23 |
| YoY Sales Growth % | — | 22.57 | 1.76 | -24.45 | 12.49 | 39.62 | 8.51 | 9.35 | 11.23 |
| Material Cost % | 67 | 63 | 72 | 72 | 89 | 83 | 78 | 73 | 77 |
| Employee Cost % | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 5 |
| Other Cost % | 17 | 18 | 13 | 15 | 17 | 12 | 14 | 14 | 15 |
| OPM % | 10 | 9 | 9 | 7 | -21 | 5 | 6 | 7 | 7 |
| Tax % | 27 | 18 | 26 | 49 | -2 | -4 | -6 | 10 | 11 |
| Profit Growth % | — | 38.67 | -22.39 | -77.90 | -2,671.82 | 110.00 | 70.10 | 31.14 | 13.69 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 143 | 173 | 157 | 73 | -492 | 76 | 137 | 185 | 186 |
Parag Milk Foods segment analysis: revenue and profit mix.
Disclosed business segments at Parag Milk Foods with their share of revenue and profit, switchable between consolidated and standalone reporting.
Parag Milk Foods discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Parag Milk Foods Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Parag Milk Foods Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Parag Milk Foods Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Parag Milk Foods demonstrates strong profitability with a robust ROE of 12.30% and a healthy ROCE of 14.10%. This indicates efficient capital utilization and effective asset management, promising future growth.
The company shows consistent quarterly sales growth, with a recent 12.40% increase. A low debt-to-equity ratio of 0.64 suggests a manageable debt burden, supporting further expansion.
Promoter holding remains relatively stable at 42.61% (latest), indicating confidence from key stakeholders. This reduces the risk of hostile takeovers or significant share dilution.
With a market capitalization of ₹3356 crore, Parag Milk Foods holds a significant position in the dairy sector, reflecting its established market presence and investor confidence.
Operating in the high-growth FMCG sector, specifically Dairy Products, Parag Milk Foods benefits from increasing consumer demand and a large addressable market, driving future expansion.
What can break it.
Quarterly profit growth is a concern, with a modest 1.03% increase in the latest quarter. Sustaining consistent profit growth is crucial for long-term investor confidence and value creation.
The company's P/E ratio of 28.20 appears relatively high compared to some peers like Heritage Foods (27.31) and Sheetal Cool (17.56), suggesting potential overvaluation.
Parag Milk Foods carries a debt of ₹654 crore. While the debt-to-equity ratio is manageable, this significant debt could pose challenges during economic downturns or reduced profitability.
Parag Milk's ROCE of 14.10% is lower than several peers, such as Dodla Dairy (26.55%) and Heritage Foods (25.28%), indicating relatively lower capital efficiency in comparison.
The dairy products market is highly competitive with numerous established players and new entrants. This intense competition could pressure margins and limit market share growth for Parag Milk.
What would change my mind.
Trim if P/E re-rates above 28 (~0.8× the sector multiple of 34.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 48.76. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Parag Milk Foods Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Parag Milk Foods Ltd is highlighted for quick read-across.
Quick Compare
Parag Milk Foods Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Parag Milk Foods Ltd — derived from the live tape, not yesterday's close.
Parag Milk Foods Ltd last traded at ₹229.61 with an intraday range of ₹227.54–₹232.31 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹229.61| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 241.64 | +12.03 | +5.24% |
| R3 | 236.87 | +7.26 | +3.16% |
| R2 | 234.59 | +4.98 | +2.17% |
| R1 | 232.10 | +2.49 | +1.08% |
| PIVOT | 229.82 | 0.21 | 0.09% |
| CURRENT | 229.61 | — | — |
| S1 | 217.79 | -11.82 | -5.15% |
| S2 | 222.56 | -7.05 | -3.07% |
| S3 | 225.05 | -4.56 | -1.99% |
| S4 | 227.33 | -2.28 | -0.99% |
PARAGMILK is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 227.54 ~ 229.4
Trading Inside opening range
Parag Milk Foods Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Parag Milk Foods Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Parag Milk Foods Ltd stood at 49.4% of traded volume, against a 20-day average of 45.3%.
Parag Milk Foods announcements: results, concalls, ratings, M&A.
Filings Parag Milk Foods sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Parag Milk Foods files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 134 documents below.
Disclosure under SEBI Takeover Regulations
Devendra P. Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Updates
Parag Milk Foods Limited has informed the Exchange regarding 'Intimation Under Regulation 31A Of SEBI (LODR) Regulations, 2015'.
Press Release
Parag Milk Foods Limited has informed the Exchange regarding a press release dated May 12, 2026, titled "Parag Milk Foods collaborates with Tetra Pak…
Analysts/Institutional Investor Meet/Con. Call Updates
Parag Milk Foods Limited has informed the Exchange about Presentation
Investor Presentation
Parag Milk Foods Limited has informed the Exchange about Investor Presentation
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Credit Rating- Revision
Credit Rating
Credit Rating- New
Credit Rating- Revision
Credit Rating
Parag Milk Foods dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Parag Milk Foods has declared, sequenced by announce and record date.
Parag Milk Foods corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Parag Milk Foods Ltd: business, sector, key facts.
What Parag Milk Foods Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Parag Milk Foods Ltd operates in the Consumer Defensive, listed as NSE: PARAGMILK, BSE: 539889.
Parag Milk Foods Limited is a prominent Indian dairy company engaged in the processing, manufacturing, and distribution of a wide array of milk and milk-related products both domestically and internationally. Their product portfolio is extensive, encompassing a diverse range of items catering to various consumer preferences and dietary needs.
The company's offerings include staples like ghee (clarified butter), milk (in various forms including double-toned and UHT), paneer (Indian cheese), curd (yogurt), butter, and dairy whiteners. They also produce a variety of sweet treats such as sweets and gulab jamun mix. Beyond these foundational dairy products, Parag Milk Foods offers a selection of cheese products including wedges, spreads, slices, and angles. Furthermore, their product line extends to flavored yogurts, slim milk, cream, buttermilk, lassi (a yogurt-based drink), flavored milk, milkshakes, and various beverages.
Expanding beyond traditional dairy, Parag Milk Foods also caters to the growing health and fitness market with its sports nutrition products. This includes whey protein and lactose-related products, demonstrating the company's commitment to diversification and meeting evolving consumer demands. The company leverages a portfolio of strong brand names to market these diverse products, including Gowardhan, Go, Topp Up, Pride of Cows, and Avvatar, each likely targeting a specific market segment or product category.
Established in 1992 and headquartered in Pune, India, Parag Milk Foods Limited has a long history of operation within the Indian dairy industry. Its success stems from its ability to provide a comprehensive range of dairy products that cater to the varied tastes and preferences of its consumers, while also expanding into newer and increasingly popular market segments such as sports nutrition. The company's broad product portfolio and established brand recognition contribute to its position as a significant player in the competitive Indian dairy market.
Questions investors ask about Parag Milk Foods Ltd (PARAGMILK).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Parag Milk Foods Ltd (PARAGMILK)?
The current share price of Parag Milk Foods Ltd (PARAGMILK) is ₹229.61. Today, the stock has declined by ₹1.29 (0.56%), trading in a range of ₹227.54 to ₹232.31. The stock opened at ₹229.4 with a trading volume of 2,66,116 shares.
02Is Parag Milk Foods Ltd stock a good investment for long-term?
Parag Milk Foods Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,883.78 crores, P/E ratio of 21.82, ROE of 11.84%, and ROCE of 14.10%. The dividend yield stands at 0.43%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Parag Milk Foods Ltd stock?
The 52-week high price of Parag Milk Foods Ltd (PARAGMILK) is ₹376.95, while the 52-week low is ₹177.84. Currently trading at ₹229.61, the stock is 26.0% away from its 52-week low and 39.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Parag Milk Foods Ltd stock at the current price?
Whether to buy Parag Milk Foods Ltd stock at ₹229.61 depends on multiple factors. The stock is currently trading with a P/E ratio of 21.82 and P/B ratio of 2.29. Today's performance shows a loss of 0.56%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Parag Milk Foods Ltd and when is the next dividend?
Parag Milk Foods Ltd offers a dividend yield of 0.43%, which means for every ₹100 invested at the current price of ₹229.61, you can expect to receive approximately ₹0.43 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Parag Milk Foods Ltd?
Parag Milk Foods Ltd's key financial metrics include: P/E Ratio: 21.82, P/B Ratio: 2.29, ROE: 11.84%, ROCE: 14.10%, Dividend Yield: 0.43%, EPS: ₹10.58, Book Value: ₹100.97, and Debt-to-Equity: 48.26. The company's market cap stands at ₹2,883.78 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Parag Milk Foods Ltd stock performing today in the market?
Parag Milk Foods Ltd stock opened at ₹229.4 and is currently trading at ₹229.61, showing a decline of ₹1.29 (0.56%). The intraday high is ₹232.31 and low is ₹227.54. The trading volume stands at 2,66,116 shares, indicating moderate market participation today.
08What is the P/E ratio of Parag Milk Foods Ltd and what does it indicate?
Parag Milk Foods Ltd has a Price-to-Earnings (P/E) ratio of 21.82, which means investors are willing to pay ₹21.82 for every ₹1 of earnings. With an EPS of ₹10.58, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Parag Milk Foods Ltd (PARAGMILK) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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