Milkfood

₹521 -7.6 | 1.4%

WEBSITE BSE:507621 NSE : MILKFOOD 18 May, 12:50

Market Cap ₹318 Cr.

Stock P/E 38.7

P/B 2.3

Current Price ₹521

Book Value ₹ 229.8

Face Value 10

52W High ₹684.9

Dividend Yield 0.48%

52W Low ₹ 490

Edit Ratio

Milkfood Research see more...

Overview Inc. Year: 1973Industry: Consumer Food

Milkfood Ltd is a renowned dairy company that has established itself as a trusted provider of high-quality milk and dairy products. With a rich history spanning several decades, Milkfood has become a household name in the industry. The company specializes in the production and distribution of a wide range of dairy products, including milk, cheese, butter, ghee, yogurt, and ice cream. Milkfood is committed to delivering products that meet the highest standards of quality and purity. They source milk from selected dairy farms and employ advanced processing techniques to ensure the freshness and nutritional value of their offerings. Their state-of-the-art manufacturing facilities adhere to strict quality control measures, ensuring that customers receive products of superior taste and texture. With a strong distribution network, Milkfood reaches consumers across various regions, making its products easily accessible. The company's dedication to customer satisfaction, innovation, and sustainable practices has helped it maintain a strong market presence and a loyal customer base. Milkfood Ltd continues to be a prominent player in the dairy industry, delivering wholesome dairy goodness to homes worldwide.

Milkfood Share Price

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Milkfood Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	62	90	93	80	103	150	133	94	106	115
Other Income	3	0	0	0	3	0	-0	4	3	0
Total Income	65	91	93	80	107	151	133	98	108	115
Total Expenditure	59	86	89	79	97	143	125	95	100	108
Operating Profit	5	4	4	1	10	8	8	3	8	7
Interest	2	2	2	2	2	3	3	3	3	3
Depreciation	1	2	2	1	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3	1	1	-2	6	4	4	-2	3	2
Provision for Tax	0	0	-1	-1	1	1	0	-0	-0	0
Profit After Tax	3	1	2	-2	5	3	3	-1	3	1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	1	2	-2	5	3	3	-1	3	1
Adjusted Earnings Per Share	5.1	1.8	3.6	-3.7	10.1	6.7	6.9	-2.8	7.1	2.3

Milkfood Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	335	431	371	373	389	491	531	551	368	316	467	448
Other Income	0	3	2	2	1	0	0	1	0	3	3	7
Total Income	336	433	372	375	389	491	531	552	368	319	471	454
Total Expenditure	319	413	355	352	368	465	503	527	348	303	444	428
Operating Profit	17	20	17	23	22	27	28	25	20	16	27	26
Interest	12	11	9	13	12	10	8	8	8	7	10	12
Depreciation	4	6	6	9	5	6	7	8	9	7	6	8
Exceptional Income / Expenses	0	0	0	0	-4	0	0	0	0	0	0	0
Profit Before Tax	1	3	2	2	-0	10	13	9	3	2	11	7
Provision for Tax	0	2	1	1	1	2	3	0	1	-1	2	0
Profit After Tax	1	1	1	1	-1	8	10	8	2	3	10	6
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	1	1	-1	8	10	8	2	3	10	6
Adjusted Earnings Per Share	1.4	2.4	2	1.9	-2	16.7	20.9	17.2	5	7.1	19.9	13.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	48%	-5%	-1%	3%
Operating Profit CAGR	69%	3%	0%	5%
PAT CAGR	233%	8%	5%	26%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-14%	14%	7%	18%
ROE Average	8%	4%	6%	4%
ROCE Average	9%	7%	9%	10%

Milkfood Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	32	34	35	36	90	98	108	117	119	123	133
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	23	18	14	22	19	12	9	12	16	18	71
Other Non-Current Liabilities	53	52	67	50	64	52	66	74	85	90	29
Total Current Liabilities	96	116	115	96	94	97	101	100	91	75	98
Total Liabilities	204	220	231	204	268	259	285	302	310	305	331
Fixed Assets	94	101	101	107	167	165	168	185	184	184	190
Other Non-Current Assets	8	7	7	6	4	5	8	14	14	18	13
Total Current Assets	103	113	122	91	97	89	109	104	112	103	126
Total Assets	204	220	231	204	268	259	285	302	310	305	331

Milkfood Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	1	1	2	2	1	1	5	3	1	1
Cash Flow from Operating Activities	20	22	6	40	27	27	34	20	13	14	-30
Cash Flow from Investing Activities	-10	-8	-6	-16	-9	-5	-10	-22	-8	-5	-7
Cash Flow from Financing Activities	-11	-13	1	-25	-19	-23	-20	0	-7	-8	36
Net Cash Inflow / Outflow	-1	0	1	-0	-1	-0	4	-2	-2	0	-1
Closing Cash & Cash Equivalent	1	1	2	2	1	1	5	3	1	1	0

Milkfood Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.37	2.41	2.02	1.9	-2.04	16.69	20.92	17.16	4.99	7.14	19.94
CEPS(Rs)	10.16	14.54	15.03	20.84	8.92	29.67	34.89	33.74	22.88	20.51	32.94
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	2.5
Book NAV/Share(Rs)	66.4	68.81	70.74	72.66	184.74	200.8	221.41	238.59	243.39	250.84	266.89
Core EBITDA Margin(%)	4.93	4.04	4.28	5.7	5.45	5.36	5.23	4.47	5.39	4.12	5.09
EBIT Margin(%)	3.77	3.3	2.98	3.8	3.16	4.11	4	3.11	3.12	3.05	4.55
Pre Tax Margin(%)	0.3	0.64	0.46	0.41	-0.02	1.98	2.52	1.59	0.89	0.73	2.46
PAT Margin (%)	0.2	0.27	0.27	0.25	-0.26	1.66	1.93	1.52	0.66	1.1	2.09
Cash Profit Margin (%)	1.48	1.65	1.98	2.73	1.12	2.96	3.22	2.99	3.04	3.17	3.45
ROA(%)	0.33	0.56	0.44	0.43	-0.42	3.1	3.76	2.86	0.8	1.14	3.07
ROE(%)	2.09	3.57	2.9	2.65	-1.59	8.66	9.91	7.46	2.07	2.89	7.7
ROCE(%)	10.76	12.18	9.51	11.45	8.06	11.74	12.65	9.6	6	4.98	9.49
Receivable days	8.36	7.66	11.17	15.74	15.68	7.85	9.24	18.15	42.72	63.94	34.92
Inventory Days	85.3	66.34	83.63	75	65.61	55.65	49.06	41.92	45.33	30.34	32.86
Payable days	46.07	33.98	47.06	34.81	25.51	25.39	31.68	29.62	36.24	31.8	27.32
PER(x)	44.52	37.44	76.26	82.19	0	27.34	14.14	21.59	65.11	52.26	30.54
Price/Book(x)	0.92	1.31	2.18	2.15	1.3	2.27	1.34	1.55	1.33	1.49	2.28
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0.41
EV/Net Sales(x)	0.34	0.29	0.42	0.45	0.52	0.6	0.38	0.46	0.63	0.8	0.89
EV/Core EBITDA(x)	6.81	6.21	9.01	7.22	9.23	11.05	7.09	9.99	11.42	15.68	15.3
Net Sales Growth(%)	10.12	28.39	-13.86	0.5	4.29	26.28	8.08	3.92	-33.28	-14.06	47.82
EBIT Growth(%)	0.08	12.5	-22.29	28.24	-13.34	64.25	5.3	-19.16	-33.2	-16.04	120.87
PAT Growth(%)	15.52	76.12	-16.1	-6.06	-207.53	916	25.37	-17.99	-70.92	43.03	179.37
EPS Growth(%)	15.51	76.13	-16.1	-6.06	-207.53	916	25.37	-17.99	-70.92	43.03	179.37
Debt/Equity(x)	2.66	2.41	2.4	2.65	0.94	0.72	0.54	0.63	0.61	0.59	0.92
Current Ratio(x)	1.07	0.97	1.06	0.95	1.03	0.92	1.08	1.03	1.23	1.37	1.28
Quick Ratio(x)	0.29	0.27	0.29	0.27	0.23	0.15	0.4	0.45	0.87	1.11	0.63
Interest Cover(x)	1.08	1.24	1.18	1.12	0.99	1.93	2.7	2.04	1.4	1.32	2.17
Total Debt/Mcap(x)	2.89	1.83	1.1	1.23	0.72	0.32	0.41	0.41	0.46	0.4	0.4

Milkfood Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50.1	50.1	50.1	50.1	50.1	50.1	50.1	50.13	47.75	47.75
FII	7.64	7.64	7.64	7.64	7.64	7.64	7.64	7.64	7.28	7.28
DII	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Public	42.19	42.19	42.19	42.19	42.19	42.19	42.19	42.16	44.92	44.92
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24
FII	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
DII	0	0	0	0	0	0	0	0	0	0
Public	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.23	0.23
Others	0	0	0	0	0	0	0	0	0	0
Total	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.51	0.51

Pros

Debtor days have improved from 31.8 to 27.32days.

Cons

Promoter holding is low: 47.75%.
Company has a low return on equity of 4% over the last 3 years.
The company has delivered a poor profit growth of 4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Milkfood

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Milkfood Research see more...

Overview Inc. Year: 1973Industry: Consumer Food

Milkfood Share Price

Alert Data

Quarterly Price

Peer Comparison

Milkfood Quarterly Results

Milkfood Profit & Loss

Growth Rates

Milkfood Balance Sheet

Milkfood Cash Flow

Milkfood Ratios

Milkfood Shareholding Pattern

Milkfood News

Top Unlisted Companies & InstaBuy Companies

Empire Spices and Foods ltd

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