Modern Dairies Peer Comparison

BSE: 519287

₹47.14

₹-1.45 (-2.98%)

As on 22-Sep-2026IST

Market cap

₹150 Cr

Revenue (TTM)

₹353 Cr

P/E Ratio

28

P/B Ratio

2.1

Div. Yield

0 %

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	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Market cap (₹ Cr)	150	25,998	6,306	5,469	3,848
Revenue (₹ Cr)	353	10,364	4,316	1,675	4,727
Net Profit (₹ Cr)	5.37	371.90	244.77	219.04	134.51
Net Margin (%)	1.52	3.58	5.60	12.72	2.83
RoE (%)	10.85	19.56	15.40	26.79	11.87
Price to Earnings	28.02	69.91	25.76	24.97	28.49
Price-To-Book	2.13	12.51	3.68	6.04	3.42

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Operating Revenue	352.89	10,364.07	4,316.28	1,675.21	4,727.33
Total Income	354.34	10,376.07	4,373.31	1,721.72	4,752.70
Total Expenditure	342.28	9,190.29	4,025.43	1,362.06	4,473.14
EBITDA	10.61	1,173.78	290.84	313.15	254.19
Depreciation	3.22	571.55	87.40	52.45	88.78
EBIT	7.40	602.23	203.44	260.70	165.41
Interest	1.16	134.46	3.61	16.99	21.25
Other Income	1.46	12.00	57.03	46.51	25.37
Exceptional Items	0.00	0.00	-2.48	0.00	10.14
Profit before Tax	7.69	479.77	254.38	290.22	179.67
Provision for Tax	2.32	107.87	9.62	71.18	45.16
Profit after Tax	5.37	371.90	244.77	219.04	134.51

Liabilities (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Shareholder's Funds	55.36	1,944.52	1,674.08	850.31	1,103.32
Minority Interest	0.00	0.00	0.00	-0.01	0.55
Non-Current Liabilities	8.60	1,108.28	108.22	211.24	347.88
Current Liabilities	67.65	1,389.71	314.14	211.46	493.82
Total Liabilities	126.82	5,531.22	1,730.63	1,094.37	1,558.34

Assets (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Non-Current Assets	50.97	3,144.70	1,222.02	435.73	1,181.07
Current Assets	74.84	722.20	767.88	634.61	693.56
Total Assets	126.82	5,531.22	1,730.63	1,094.37	1,558.34
Total Debt*	7.25	2,096.51	28.75	82.37	136.61
Net Current Assets	7.19	-667.51	453.75	423.15	199.74
Contingent Liabilities	531.31	172.60	0.92	4.75	17.56

Cashflow (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Cash From Operating Activities	20.13	1,450.20	519.79	111.47	213.93
Cash Flow from Investing Activities	-3.50	-882.30	-528.27	-58.49	-228.96
Cash from Financing Activities	-9.60	-564.15	-7.70	-60.68	1.00
Net Cash Inflow / Outflow	7.03	3.75	-16.19	-7.70	-14.03

Ratios

Profitability Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
ROCE (%)	236.72	14.60	27.65	33.15	27.40
ROE (%)	10.85	19.56	15.40	26.79	11.87
ROA (%)	4.32	8.02	12.79	18.49	7.67
EBIT Margin (%)	2.10	5.81	4.71	15.56	3.50
Net Margin (%)	1.52	3.58	5.60	12.72	2.83
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

Growth Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Revenue Growth (%)	6.30	16.25	13.13	30.78	11.53
EBIT Growth (%)	-15.47	10.69	-28.37	42.61	-30.91
Net Profit Growth (%)	-93.35	31.20	-5.05	56.58	-24.03
EPS Growth (%)	-80.29	31.20	-4.23	56.57	-27.76
Book Value Growth (%)	152.53	9.24	23.78	32.75	20.35

Valuation Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Price / Earnings	23.55	69.91	25.54	24.97	30.20
Price / Book Value	2.13	12.51	3.68	6.04	3.42
Dividend Yield (%)	0.00	0.51	0.48	0.57	0.60
EV/EBITDA	14.06	23.24	19.85	17.57	15.41
Market Cap (₹ Cr)	136.31	21,493.63	6,979.96	3,303.31	3,574.36

Solvency Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Debt to Equity	0.13	0.35	0.01	0.06	0.20
Short term debt to equity ratio	--	0.44	--	0.03	--
Current Ratio	1.11	0.52	2.44	3.00	1.40
Quick Ratio	0.64	0.09	1.95	1.41	0.76
Interest Coverage	7.61	4.57	71.51	18.08	9.45

Operating Efficiency Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Heritage Foods
Debtors to sales (%)	6.81	0.05	0.31	10.59	1.51
Asset Turnover	2.84	2.24	2.26	1.41	2.70
Receivable days	20.59	0.38	1.11	31.74	2.84
Inventory Days	29.32	51.37	26.68	77.97	26.27
Payable days	59.96	13.34	20.55	80.79	19.61
Cash Conversion Cycle	-10.05	38.40	7.23	28.92	9.50

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Annual
Quarterly