Parag Milk Foods Ltd Share Price ₹234 | P/E 19.5

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Parag Milk Foods Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	801	750	798	801	790	758	871	885	918	852	1,008	1,013	945
Expenses +	764	709	743	736	753	702	802	811	856	794	937	944	886
Operating Profit	37	40	56	65	37	56	69	74	62	58	71	68	59
OPM %	5%	5%	7%	8%	5%	7%	8%	8%	7%	7%	7%	7%	6%
Other Income +	9	6	6	6	8	6	7	5	13	8	18	3	19
Interest	12	17	21	22	16	19	23	26	25	20	20	21	21
Depreciation	18	15	15	15	15	16	18	16	17	16	19	18	18
Profit before tax	16	15	24	33	14	27	36	38	33	29	50	33	40
Tax %	-36%	-41%	-3%	-4%	27%	-2%	18%	4%	19%	5%	10%	9%	20%
Net Profit +	22	21	25	34	10	27	29	36	26	28	46	30	32
EPS in Rs	1.90	1.82	2.15	2.91	0.82	2.29	2.45	3.02	2.20	2.31	3.65	2.36	2.58

Financials of Parag Milk Foods Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,443	1,645	1,731	1,955	2,396	2,438	1,842	2,072	2,893	3,139	3,432	3,818
Expenses +	1,330	1,494	1,639	1,758	2,171	2,225	1,715	2,508	2,773	2,936	3,179	3,561
Operating Profit	113	151	92	197	225	213	126	-436	120	202	254	257
OPM %	8%	9%	5%	10%	9%	9%	7%	-21%	4%	6%	7%	7%
Other Income +	-4	-2	-11	9	9	6	12	20	45	23	39	48
Interest	47	50	33	36	36	38	46	52	57	79	93	81
Depreciation	28	33	49	51	50	54	52	54	57	60	67	71
Profit before tax	34	67	-1	119	148	127	41	-522	51	86	133	152
Tax %	6%	29%	-524%	27%	18%	26%	49%	2%	-4%	-6%	10%	11%
Net Profit +	32	47	5	87	121	94	21	-532	53	91	119	135
EPS in Rs	20.17	6.72	0.57	10.35	14.35	11.14	2.46	-55.83	4.54	7.59	9.95	10.79
Dividend Payout %	0%	0%	88%	7%	7%	4%	20%	0%	0%	7%	10%	0%

Financials of Parag Milk Foods Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	70	84	84	84	84	84	95	117	119	119	125
Reserves	108	291	541	628	743	827	844	459	691	793	904	1,134
Borrowings +	545	389	261	291	240	400	381	523	606	616	654	607
Other Liabilities +	255	241	401	378	375	379	373	318	253	358	355	415
Total Liabilities	924	991	1,287	1,382	1,442	1,690	1,683	1,395	1,668	1,887	2,033	2,281
Fixed Assets +	291	345	334	397	406	466	473	459	436	466	578	643
CWIP	28	28	21	20	29	7	3	10	45	69	19	37
Investments	0	0	0	1	1	1	1	0	5	5	5	5
Other Assets +	604	618	933	964	1,007	1,217	1,205	926	1,182	1,348	1,431	1,596
Total Assets	924	991	1,287	1,382	1,442	1,690	1,683	1,395	1,668	1,887	2,033	2,281

Financials of Parag Milk Foods Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	88	59	-17	19	140	-66	100	-149	-190	102	212	149
Cash from Investing Activity +	-29	-32	-87	-16	-73	-30	-47	-26	-88	-53	-132	-98
Cash from Financing Activity +	-58	-26	140	-12	-91	111	-69	248	212	-53	-78	-60
Net Cash Flow	1	1	36	-10	-24	15	-15	73	-66	-3	1	-9
Free Cash Flow	58	31	-111	-45	52	-98	56	-185	-190	41	87	59
CFO/OP	80%	48%	0%	16%	75%	-15%	96%	31%	-155%	56%	88%	65%

Financials of Parag Milk Foods Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	43	52	37	47	42	45	32	22	21	28	28	23
Inventory Days	73	83	136	131	113	127	186	91	100	103	87	95
Days Payable	66	51	99	91	73	59	81	43	27	42	39	35
Cash Conversion Cycle	50	84	74	87	83	114	136	70	95	89	76	84
Working Capital Days	-18	26	33	49	55	65	91	44	66	67	66	51
ROCE %	13%	17%	7%	17%	18%	14%	7%	-39%	9%	11%	14%	14%