Modern Dairies Peer Comparison

BSE: 519287

₹45.45

₹0.55 (1.22%)

As on 06-Nov-2026IST

Market cap

₹145 Cr

Revenue (TTM)

₹345 Cr

P/E Ratio

24.5

P/B Ratio

2

Div. Yield

0 %

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	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Market cap (₹ Cr)	145	23,842	5,911	5,117	4,162
Revenue (₹ Cr)	345	10,880	4,493	1,796	4,143
Net Profit (₹ Cr)	5.93	367.41	215.69	240.44	125.86
Net Margin (%)	1.71	3.37	4.74	13.04	3.01
RoE (%)	9.20	18.76	12.83	26.06	10.21
Price to Earnings	24.46	64.89	27.40	21.28	33.07
Price-To-Book	1.97	12.08	3.43	5.56	3.17

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Operating Revenue	345.32	10,880.39	4,493.47	1,796.47	4,143.49
Total Income	346.60	10,893.18	4,550.07	1,843.66	4,174.58
Total Expenditure	333.65	9,705.86	4,231.36	1,450.78	3,848.88
EBITDA	11.67	1,174.53	262.12	345.69	294.61
Depreciation	3.15	588.68	90.35	55.56	72.99
EBIT	8.52	585.85	171.77	290.13	221.62
Interest	1.19	127.96	3.69	17.46	89.82
Other Income	1.28	12.79	56.59	47.19	31.09
Exceptional Items	0.00	0.00	-2.48	0.00	-5.72
Profit before Tax	8.61	470.68	222.19	319.86	157.17
Provision for Tax	2.68	103.27	6.50	79.42	31.31
Profit after Tax	5.93	367.41	215.69	240.44	125.86

Liabilities (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Shareholder's Funds	73.56	1,973.14	1,721.65	995.01	1,309.40
Minority Interest	0.00	0.00	0.00	-0.01	0.00
Non-Current Liabilities	6.66	938.95	124.03	272.62	374.34
Current Liabilities	49.70	1,539.46	355.08	237.72	855.86
Total Liabilities	141.52	5,239.42	2,085.81	1,268.36	2,280.63

Assets (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Non-Current Assets	55.51	3,133.64	1,227.15	516.48	525.91
Current Assets	68.42	663.08	860.50	791.14	1,525.73
Total Assets	141.52	5,239.42	2,085.81	1,268.36	2,280.63
Total Debt*	11.57	1,331.95	29.77	91.35	540.43
Net Current Assets	18.72	-876.38	505.42	553.42	669.87
Contingent Liabilities	531.31	158.91	18.91	3.88	113.17

Cashflow (₹ Cr)

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Cash From Operating Activities	-4.50	1,556.54	294.86	143.07	149.48
Cash Flow from Investing Activities	-7.48	-434.67	-285.53	-107.55	-98.01
Cash from Financing Activities	13.69	-1,130.22	-24.68	-37.68	-60.08
Net Cash Inflow / Outflow	1.71	-8.35	-15.35	-2.16	-8.61

Ratios

Profitability Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
ROCE (%)	13.71	17.40	18.15	28.26	13.60
ROE (%)	9.20	18.76	12.83	26.06	10.21
ROA (%)	4.75	8.26	10.43	18.07	5.27
EBIT Margin (%)	2.47	5.38	3.82	16.15	5.35
Net Margin (%)	1.71	3.37	4.74	13.04	3.01
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

Growth Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Revenue Growth (%)	1.54	17.37	17.12	35.33	13.13
EBIT Growth (%)	16.98	-2.24	-38.37	67.12	12.65
Net Profit Growth (%)	-92.50	11.78	-17.06	78.99	-7.12
EPS Growth (%)	-78.21	11.78	-16.25	78.98	-7.90
Book Value Growth (%)	57.04	13.21	19.07	25.00	18.53

Valuation Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Price / Earnings	22.21	64.89	27.14	21.28	31.44
Price / Book Value	1.97	12.08	3.43	5.56	3.17
Dividend Yield (%)	0.00	0.56	0.51	0.60	0.33
EV/EBITDA	12.54	21.39	20.51	14.90	15.90
Market Cap (₹ Cr)	92.77	20,502.05	5,858.61	2,941.31	2,245.84

Solvency Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Debt to Equity	0.07	0.24	0.02	0.12	0.21
Short term debt to equity ratio	0.08	0.18	0.00	0.02	0.27
Current Ratio	1.38	0.43	2.42	3.33	1.78
Quick Ratio	0.82	0.09	1.77	2.17	0.74
Interest Coverage	8.24	4.68	61.18	19.32	2.75

Operating Efficiency Ratios

	Modern Dairies	Hatsun Agro	Dodla Dairy	Vadilal	Parag Milk Foods
Debtors to sales (%)	4.33	0.07	0.38	10.26	7.08
Asset Turnover	2.76	2.45	2.17	1.35	1.74
Receivable days	23.92	0.24	1.13	35.71	22.72
Inventory Days	31.78	29.10	13.81	76.87	58.98
Payable days	62.12	15.25	20.44	69.51	37.07
Cash Conversion Cycle	-6.42	14.08	-5.50	43.07	44.63

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

Annual
Quarterly