---
title: "ICL Organic Dairy Products Ltd (1274737) — Share Price, Financials & Analysis"
symbol: "1274737"
company: "ICL Organic Dairy Products Ltd"
canonical: "https://tapetide.com/stocks/1274737"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T18:58:59.909Z"
---

# ICL Organic Dairy Products Ltd (1274737)

Canonical page: https://tapetide.com/stocks/1274737

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** icldairy.com

## About

Incorporated in 2013, ICL Organic Dairy Products Ltd is a manufacturer of dairy and allied products[1]

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.45% over last 3 years.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 88% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.33 | 1.55 | 2.07 | 1.72 | 1.8 | 1.83 | 1.92 |
| Expenses | 2.11 | 1.4 | 2.04 | 1.62 | 1.79 | 1.82 | 1.9 |
| Operating Profit | 0.22 | 0.15 | 0.03 | 0.1 | 0.01 | 0.01 | 0.02 |
| OPM % | 9.44 | 9.68 | 1.45 | 5.81 | 0.56 | 0.55 | 1.04 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.19 | 0.13 | 0.02 | 0.09 | 0 | 0.01 | 0.02 |
| Tax % | 26.32 | 23.08 | 0 | 22.22 | — | 0 | 0 |
| Net Profit | 0.14 | 0.09 | 0.01 | 0.07 | 0 | 0.01 | 0.01 |
| EPS in Rs | 0.23 | 0.15 | 0.02 | 0.12 | 0 | 0.02 | 0.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.22 | 2.52 | 12.07 | 15.7 | 4.66 | 3.62 | 3.51 | 3.74 | 0 | 0 |
| Expenses | 2.16 | 2.45 | 11.59 | 15.26 | 4.25 | 3.44 | 3.39 | 3.71 | 0.16 | 0.02 |
| Operating Profit | 0.06 | 0.07 | 0.48 | 0.44 | 0.41 | 0.18 | 0.12 | 0.03 | -0.16 | -0.02 |
| OPM % | 2.7 | 2.78 | 3.98 | 2.8 | 8.8 | 4.97 | 3.42 | 0.8 | — | — |
| Other Income | 0 | 0 | 0 | -0.03 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0.03 | 0.05 | 0.04 | 0.03 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.06 | 0.07 | 0.48 | 0.38 | 0.36 | 0.14 | 0.09 | 0.03 | -0.16 | -0.02 |
| Tax % | 33.33 | 28.57 | 27.08 | 26.32 | 25 | 28.57 | 22.22 | 33.33 | 0 | 0 |
| Net Profit | 0.04 | 0.05 | 0.35 | 0.28 | 0.27 | 0.1 | 0.07 | 0.02 | -0.16 | -0.02 |
| EPS in Rs | 40 | 50 | 350 | 2.49 | 0.45 | 0.17 | 0.12 | 0.03 | -0.27 | -0.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 1.12 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 0.04 | 0.09 | 0.44 | 1.84 | 5.86 | 5.97 | 6.03 | 6.06 | 5.9 | 5.88 |
| Borrowings | 1.85 | 1.99 | 2.46 | 0 | 0.24 | 0.28 | 0.13 | 0.13 | 0.13 | 0.13 |
| Other Liabilities | 0.27 | 0.17 | 0.37 | 0.21 | 0.36 | 0.38 | 0.42 | 0.47 | 0.49 | 0.51 |
| Total Liabilities | 2.17 | 2.26 | 3.28 | 3.17 | 12.46 | 12.63 | 12.58 | 12.66 | 12.52 | 12.52 |
| Fixed Assets | 1.97 | 1.97 | 1.97 | 1.97 | 1.97 | 3.48 | 3.48 | 3.48 | 3.48 | 3.48 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.2 | 0.29 | 1.31 | 1.2 | 10.49 | 9.15 | 9.1 | 9.18 | 9.04 | 9.04 |
| Total Assets | 2.17 | 2.26 | 3.28 | 3.17 | 12.46 | 12.63 | 12.58 | 12.66 | 12.52 | 12.52 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.96 | 0.06 | 0.53 | -0.69 | -6.8 | 7.51 | 0.15 | 0.32 | -0.01 | 0 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | -1.51 | -7.34 | 0.26 | 0 | 0 | 0 |
| Cash from Financing Activity | 2.09 | 0.02 | 0.47 | -0.21 | 8.87 | 0.02 | -0.19 | 0 | 0 | 0 |
| Net Cash Flow | 0.14 | 0.08 | 1 | -0.9 | 0.55 | 0.19 | 0.23 | 0.32 | -0.01 | 0 |
| Free Cash Flow | -1.96 | 0.06 | 0.53 | -0.69 | -8.31 | 7.51 | 0.15 | 0.32 | -0.01 | 0 |
| CFO/OP | -3233 | 86 | 110 | -134 | -1659 | 4172 | 125 | 1067 | 6 | 0 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Inventory Days | 13.35 | 13.66 | 2.43 | 2.78 | 16.49 | 19.89 | 26.95 | 10.61 | — | — |
| Days Payable | 0 | 0 | 2.78 | 1.39 | 8.8 | 1.17 | 0 | 0 | — | — |
| Cash Conversion Cycle | 13.35 | 13.66 | -0.35 | 1.39 | 7.7 | 18.72 | 26.95 | 10.61 | — | — |
| Working Capital Days | 3.29 | -17.38 | -22.68 | 15.81 | 565.52 | -2.02 | -7.28 | -19.52 | — | — |
| ROCE % | 6.28 | 3.51 | 19.2 | 14.99 | 5.44 | 1.48 | 0.98 | 0.25 | -1.32 | -0.17 |

## Shareholding Pattern

### annual

| Category | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- |
| Promoters | 47.99% | 47.99% | 47.99% | 47.99% |
| Public | 52.01% | 52.01% | 52.01% | 52.01% |
| No. of Shareholders | 229 | 230 | 234 | 215 |

### Quarterly

| Category | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.99% | 47.99% | 47.99% | 47.99% | 47.99% | 47.99% | 47.99% |
| Public | 52.01% | 52.01% | 52.01% | 52.01% | 52.01% | 52.01% | 52.01% |
| No. of Shareholders | 229 | 219 | 230 | 237 | 234 | 215 | 215 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 27.86 | Buy |
| EMA (10) | 27.77 | Buy |
| SMA (20) | 25.4 | Buy |
| EMA (20) | 24.97 | Buy |
| SMA (50) | 15.48 | Buy |
| EMA (50) | 18.3 | Buy |
| SMA (100) | 10.19 | Buy |
| EMA (100) | 13.26 | Buy |
| SMA (200) | 7.74 | Buy |
| EMA (200) | 10.2 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 92.14 | Sell |
| MACD (12,26,9) | 3.92 | Sell |
| Stochastic (14,3,3) | 94.27 | Sell |
| ADX (14) | 92.82 | Buy |
| Williams %R (14) | -17.2 | Sell |
| ATR (14) | 0.7 | Neutral |
| ROC (12) | 21.57 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 83.28 | Sell |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a26e38f8-258b-45b2-b0bc-3d6f81ba5f06.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/542935/71306542935.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/542935/67914542935.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:59.909Z.