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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹26 Cr.
Stock P/E
-56.2
P/B
-27.8
Current Price
₹48.4
Book Value
₹ -1.7
Face Value
10
52W High
₹50.5
52W Low
₹ 33.8
Dividend Yield
0%

KMG Milk Food Overview

1. Business Overview

KMG Milk Food Ltd. is an Indian consumer food company operating primarily in the dairy and milk-based product segment. The company's core business model involves sourcing raw milk, processing it, and manufacturing a range of dairy products. It makes money by selling these processed and packaged food items to consumers, potentially through various distribution channels including retail stores, institutional sales, and potentially direct-to-consumer routes.

2. Key Segments / Revenue Mix

Specific revenue contribution from different product segments is not publicly detailed. However, based on the company name, its primary segments would likely include various milk and milk products. This could encompass categories such as liquid milk, curd (yogurt), paneer (Indian cheese), ghee (clarified butter), milk powder, and other value-added dairy products or sweets.

3. Industry & Positioning

KMG Milk Food Ltd. operates within the competitive Indian Consumer Food sector, specifically the dairy industry. The Indian dairy market is vast, driven by a large population, increasing disposable incomes, and a growing preference for branded and packaged products. The industry is characterized by a mix of large national players (e.g., Amul, Mother Dairy, Parag Milk Foods, Hatsun Agro Product), strong regional cooperatives, and smaller local brands. KMG Milk Food Ltd. is positioned as a participant in this market, likely competing at regional or specific product levels against both organized and unorganized players.

4. Competitive Advantage (Moat)

Without specific data, potential competitive advantages for KMG Milk Food Ltd. could include:

Regional Brand Recognition: An established brand presence and loyalty within its core operating geographies.

Procurement Network: An efficient and robust milk procurement network from local farmers, ensuring consistent raw material supply.

Distribution Network: A well-developed cold chain and distribution system crucial for perishable dairy products, allowing reach to specific markets.

Operational Efficiency: Cost advantages derived from efficient processing and supply chain management.

However, the overall market is highly competitive with low switching costs for consumers.

5. Growth Drivers

Key factors that can drive KMG Milk Food Ltd.'s growth over the next 3-5 years include:

Rising Consumption: Increasing per capita consumption of milk and dairy products in India due to population growth and urbanization.

Premiumization & Value-Added Products: Shifting consumer preference towards packaged, branded, and value-added dairy products (e.g., flavored milk, cheese, probiotic products).

Organized Sector Shift: The ongoing transition of consumers from unorganized/loose dairy products to organized, hygienically packaged alternatives.

Geographic Expansion: Expanding product reach into new regions or increasing penetration in existing markets.

Product Diversification: Introducing new products within the dairy or broader food segment.

6. Risks

Raw Material Price Volatility: Fluctuations in milk procurement prices can significantly impact profitability.

Intense Competition: High competition from well-established national players, regional brands, and local cooperatives.

Food Safety and Regulatory Compliance: Strict food safety standards (e.g., FSSAI regulations) and the potential for reputational damage from quality issues.

Supply Chain & Cold Chain Management: Challenges in maintaining an efficient and uninterrupted cold chain for perishable products.

Changing Consumer Preferences: The need to continuously innovate and adapt to evolving consumer tastes and health trends.

Working Capital Management: High working capital requirements typical for the dairy industry due to inventory and receivables.

7. Management & Ownership

KMG Milk Food Ltd. is likely a promoter-led company, common among Indian enterprises. Specific details regarding the management's long-term strategic vision, past performance, or detailed individual ownership percentages are not provided in the prompt. Typically, promoter groups hold a significant stake in such companies, with the remaining shares held by public investors, institutional investors, and employees.

8. Outlook

KMG Milk Food Ltd. operates in the promising Indian dairy and consumer food sector, which benefits from strong demographic tailwinds and increasing consumer demand for branded products. This offers a substantial growth runway for companies that can effectively capture market share. However, the company faces significant challenges from intense competition, volatile raw material costs, and the need for efficient cold chain management. Its future trajectory will depend on its ability to strengthen its brand, expand its distribution network, innovate its product portfolio (especially into higher-margin value-added segments), and maintain operational efficiencies in a highly competitive and price-sensitive market. Sustained growth will require a robust strategy to navigate both industry opportunities and inherent risks.

KMG Milk Food Share Price

Live · BSE · Inception: 1999
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Volume
Price

KMG Milk Food Quarterly Price

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KMG Milk Food Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 1 2 1 1 3 3 1 0
Other Income 0 0 0 0 1 0 0 0 0 0
Total Income 0 1 1 2 2 1 3 3 1 1
Total Expenditure 1 1 1 2 3 1 3 3 1 1
Operating Profit -0 0 0 0 -0 -0 -0 1 0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 0 -0 -0 -0 -0 0 -0 -0
Provision for Tax 0 0 -0 0 0 0 0 0 0 0
Profit After Tax -0 0 0 -0 -0 -0 -0 0 -0 -0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 0 0 -0 -0 -0 -0 0 -0 -0
Adjusted Earnings Per Share -0.4 0.2 0.4 -0 -0.7 -0.4 -0.5 0.7 -0.2 -0.2

KMG Milk Food Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2 5 3 0 1 0 7 8 13 2 7 7
Other Income 0 0 0 0 0 0 1 0 0 1 1 0
Total Income 2 5 3 1 1 0 8 8 14 3 8 8
Total Expenditure 1 4 1 2 2 1 8 8 13 3 7 8
Operating Profit 1 1 1 -1 -1 -1 0 0 0 0 1 1
Interest 0 0 0 0 0 0 0 0 0 0 1 0
Depreciation 1 1 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 1 -2 -1 -1 0 -0 0 0 -0 0
Provision for Tax 0 -0 0 0 -0 0 -0 0 -0 -0 0 0
Profit After Tax 0 0 1 -2 -1 -1 0 -0 0 0 -0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 1 -2 -1 -1 0 -0 0 0 -0 0
Adjusted Earnings Per Share 0.8 0.7 1.6 -3 -2.7 -2.3 0.4 -0.3 0.5 0.2 -0.9 -0.2

KMG Milk Food Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 2 3 2 0 -1 -1 -1 -1 -1 -1
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 2 3 3 6 7
Other Non-Current Liabilities 0 0 0 0 0 0 3 3 3 3 3
Total Current Liabilities 2 2 2 2 3 4 3 2 3 2 1
Total Liabilities 4 5 5 4 4 3 7 7 8 11 10
Fixed Assets 3 3 3 3 3 2 2 2 2 2 2
Other Non-Current Assets 0 0 0 0 0 0 1 1 0 0 0
Total Current Assets 1 1 1 1 1 1 4 4 6 9 8
Total Assets 4 5 5 4 4 3 7 7 8 11 10

KMG Milk Food Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 1 0 0 0 1 0 0 2
Cash Flow from Operating Activities 2 1 0 -1 -1 -1 2 -1 -1 -1 -1
Cash Flow from Investing Activities -0 -1 -1 -0 0 0 -0 -0 1 -0 -0
Cash Flow from Financing Activities -0 0 0 0 1 1 -1 0 0 3 0
Net Cash Inflow / Outflow 1 0 -0 -1 -0 0 1 -1 0 2 -1
Closing Cash & Cash Equivalent 1 1 1 0 0 0 1 0 0 2 1

KMG Milk Food Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.83 0.72 1.59 -3.02 -2.67 -2.29 0.38 -0.26 0.51 0.21 -0.86
CEPS(Rs) 2.07 1.87 2.12 -2.18 -2.11 -1.82 0.74 0.07 0.8 0.51 -0.61
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 3.65 4.37 5.96 2.93 0.27 -2.02 -1.64 -1.9 -1.39 -1.18 -2.04
Core EBITDA Margin(%) 72.88 20.26 41.91 -225.67 -131.93 -459.42 -8.81 -0.03 0.61 -31.3 -6.3
EBIT Margin(%) 38.7 7.64 33.45 -305.97 -165.83 -516.9 1.25 -0.82 1.61 8.48 5.91
Pre Tax Margin(%) 38.69 7.64 33.45 -307.23 -181.7 -616.43 1.19 -0.85 1.57 4.28 -6.71
PAT Margin (%) 23.93 7.85 33.45 -323.09 -172.45 -623.13 2.69 -1.65 2.03 5.77 -6.74
Cash Profit Margin (%) 59.28 20.53 44.65 -233.65 -136.39 -496.98 5.28 0.48 3.2 13.77 -4.78
ROA(%) 13.23 8.45 16.91 -35.38 -37.11 -34.93 3.79 -1.86 3.46 1.18 -4.41
ROE(%) 36.9 17.86 30.73 -67.98 -166.82 0 0 0 0 0 0
ROCE(%) 56.18 17.39 30.73 -60.5 -80.14 -66.64 6.08 -4.03 10.17 4.18 7.01
Receivable days 0 0 6.83 99.51 111.59 520.05 31.99 47.24 28.71 297.7 170.72
Inventory Days 0 0 0 147.69 83.8 207.72 46.86 99.9 86.04 597.12 96.03
Payable days 0 0 0 190.58 49.46 143.43 13.04 24.54 17.4 158.27 37.84
PER(x) 26.48 0 13.21 0 0 0 0 0 73.24 172.96 0
Price/Book(x) 6.05 0 3.52 0 0 0 0 -11.05 -26.78 -30.99 -16.56
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.83 0.83 4 11.24 8.16 40.34 0.91 1.66 1.71 11.94 3.47
EV/Core EBITDA(x) 7.87 4.1 8.96 -5.19 -6.29 -10.32 23.81 127.6 61.53 72.45 44.08
Net Sales Growth(%) -7.5 161.67 -48.04 -80.28 65.46 -76.28 3734.33 11.22 60.15 -85.36 248.01
EBIT Growth(%) -32.2 -48.32 127.39 -280.39 10.32 26.05 109.25 -173.2 413.78 -22.77 142.4
PAT Growth(%) -56.31 -14.15 121.4 -290.48 11.68 14.28 116.56 -168 297.62 -58.44 -507.11
EPS Growth(%) -56.31 -14.15 121.41 -290.47 11.68 14.28 116.56 -168 297.59 -58.45 -507.19
Debt/Equity(x) 0 0 0 0.19 9.93 -2.38 -2.81 -2.79 -4.25 -9.78 -6.47
Current Ratio(x) 0.63 0.64 0.82 0.38 0.24 0.15 1.68 1.92 2.3 4.33 9.84
Quick Ratio(x) 0.63 0.64 0.82 0.29 0.19 0.14 0.95 0.77 0.95 2.96 8.89
Interest Cover(x) 4284.96 4568.25 0 -243.33 -10.45 -5.19 22.32 -30.35 39.79 2.02 0.47
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0.25 0.16 0.32 0.39

KMG Milk Food Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 56.77 %
FII 0 %
DII (MF + Insurance) 6.88 %
Public (retail) 43.23 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 55.8455.8455.8455.8455.8456.7956.7756.7756.7756.77
FII 0000000000
DII 6.886.886.886.886.886.886.886.886.886.88
Public 44.1644.1644.1644.1644.1643.2143.2343.2343.2343.23
Others 0000000000
Total 100100100100100100100100100100

KMG Milk Food Peer Comparison

Consumer Food Edit Columns

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +250% -4% +13%
Operating Profit CAGR 0%
PAT CAGR
Share Price CAGR +43% +13% +22% +8%
ROE Average 0% 0% 0% -14%
ROCE Average +7% +7% +5% -7%

News & Updates

See more…

KMG Milk Food Pros & Cons

Pros

  • Stock is trading at -27.8 times its book value
  • Debtor days have improved from 158.27 to 37.84days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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