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Modern Dairies

519287 BSE
₹41.49 up 0.71 (1.74%)
Market Cap
₹132 Cr
P/E
20.34

Modern Dairies (MODAIRY) share price was ₹40.78 at the 28 Oct 2026 close; market capitalisation ₹130 Cr; P/E (TTM) 19.99; sector Food Products. The share price fell 10.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue fell 9.2% year on year to ₹74.39 Cr and net profit rose 33.1% year on year to ₹2.25 Cr (compared with Sep 2025). Promoters held 60.34% of Modern Dairies in Sep 2026, up 4.89 percentage points from Jun 2026. Its Tapetide Score is 49/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹40.78 −4.50 −9.94% 1Y

Key Fundamentals

MicrocapFood ProductsFMCG
Market Cap
₹132 Cr
P/E (TTM)
20.34
EBITDA
₹11.10 Cr
Return on Equity
8.82%
Debt to Equity
0.22
Book Value
₹23.03
EPS (TTM)
₹2.04
52W High
₹55.93
52W Low
₹26.56

Price-based figures as of 29 Oct 2026, 10:26 IST · EPS basis: Standalone · TTM

Peer Comparison

Fast Moving Consumer Goods › Food Products › Dairy Products

Milky Mist Dairy Food
₹298.90114.9623,011 Cr9.940.00%27.43%14.27%2,505 Cr164 Cr
Hatsun Agro Product
₹1,012.2061.7222,547 Cr11.431.03%16.23%18.26%9,644 Cr366 Cr
Kwality Walls
₹35.93—8,442 Cr12.560.00%-64.76%-81.34%1,924 Cr-334 Cr
Dodla Dairy
₹981.1024.185,919 Cr3.540.51%15.95%15.93%4,377 Cr246 Cr
Vadilal Industries
₹7,519.0024.675,405 Cr6.980.24%18.23%20.88%1,722 Cr219 Cr
Heritage Foods
₹354.5028.753,290 Cr2.890.70%13.55%15.00%4,959 Cr115 Cr
Parag Milk Foods
₹241.5523.343,034 Cr2.490.45%10.73%15.55%3,958 Cr130 Cr
Modern Dairies (this company)
₹41.4920.34132 Cr1.800.00%8.82%12.27%347 Cr6 Cr
Median 8 companies₹326.7024.675,662 Cr5.260.35%14.75%15.28%3,231 Cr147 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

49 Average
Overall score

Data confidence 98/100

Category scores

Quality Poor 31
Returns, margins, earnings quality 22% weight
Valuation Weak 44
Cheap vs sector & own history 24% weight
Growth Weak 40
Sales & profit trajectory 9% weight
Financial Health Good 63
Solvency, leverage, coverage 9% weight
Momentum Strong 77
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Promoter holding has increased by 4.87% over last quarter.

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.531 Cr.

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
3
Bullish
4

Overall

Neutral

Bearish
8
Neutral
3
Bullish
8

Moving Averages

Bearish

Bearish
6
Neutral
0
Bullish
4

Growth Rate

Revenue Growth
-2.21% lower than 3Y

change over 1 year

Net Income Growth
-94.1% lower than 3Y

change over 1 year

Cash Flow Change
-122%

change over 1 year

EBITDA Margin Change
-22.93%

change over 1 year Operating margin 5.09% · Sep 2026

Quarterly Results

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
80.6
99.95
97.83
94.43
73.84
88.76
91.06
78.3
81.96
87.48
92.18
91.27
74.39
Expenses
76.64
93.76
90.36
89.43
69.75
85.64
89.32
75.27
79.24
85.09
90.51
87.44
70.6
Operating Profit
3.96
6.19
7.47
5
4.09
3.12
1.74
3.03
2.72
2.39
1.67
3.83
3.79
OPM %
4.91%
6.19%
7.64%
5.29%
5.54%
3.52%
1.91%
3.87%
3.32%
2.73%
1.81%
4.2%
5.09%
Other Income
19.34
0.14
0.33
0.16
0.36
56.04
0.2
0.14
0.46
0.35
0.35
0.3
0.28
Interest
1.05
0.76
0.69
0.54
0.39
0.45
0.45
0.24
0.26
0.31
0.3
0.29
0.29
Depreciation
0.91
1.04
0.76
0.76
0.74
0.79
0.87
0.84
0.84
0.8
0.78
0.79
0.77
PBT
21.34
4.53
6.35
3.86
3.32
57.92
0.62
2.09
2.08
1.63
0.94
3.05
3.01
Tax %
0%
0%
0%
0%
0%
0%
-2779.03%
21.05%
18.75%
24.54%
65.96%
29.84%
25.25%
Net Profit
21.34
4.52
6.34
3.86
3.32
57.93
17.86
1.65
1.69
1.22
0.32
2.14
2.25
EPS (₹)
9.15
1.94
2.72
1.66
1.42
24.84
6.97
0.64
0.66
0.48
0.11
0.75
0.7
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
625
497
457
467
560
766
610
241
217
362
348
340
345
Expenses
629
499
461
480
549
757
600
231
201
340
334
330
334
Operating Profit
-3
-2
-4
-14
11
9
10
10
17
22
14
10
12
OPM %
-0.6%
-0.4%
-0.8%
-2.9%
2%
1.1%
1.7%
4.1%
8%
6%
4%
2.9%
3.4%
Other Income
2
0
14
0
0
0
-22
2
1
20
57
1
1
Interest
17
18
17
0
0
0
0
0
2
4
2
1
1
Depreciation
5
5
5
5
5
6
22
6
3
3
3
3
3
PBT
-24
-24
-11
-19
6
3
-35
5
12
34
66
7
9
Tax %
-7%
-1%
0%
0%
0%
0%
0%
0%
0%
0%
-26%
27%
—
Net Profit
-22
-24
-11
-19
6
3
-35
5
12
34
83
5
6
EPS (₹)
-9.54
-10.39
-4.89
-7.96
2.6
1.5
-14.89
2.12
5.21
14.68
32.38
1.72
2.04
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
23
23
23
23
23
23
23
23
23
23
26
28
32
Reserves
-57
-81
-93
-111
-105
-102
-136
-131
-119
-85
15
27
42
Borrowings
180
173
177
167
165
155
50
0
1
8
7
12
12
Other Liabilities
53
59
46
38
53
53
138
170
180
144
69
65
44
Total Liabilities
199
174
153
117
136
130
74
62
85
90
117
132
130
Fixed Assets
82
79
79
77
76
74
34
30
29
30
31
29
28
CWIP
0
0
0
0
0
2
0
0
1
1
0
0
4
Investments
0
0
0
0
0
0
0
0
0
0
0
6
10
Other Assets
117
95
74
40
59
54
40
32
56
59
85
96
88
Total Assets
199
174
153
117
136
130
74
62
85
90
117
132
130
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
17
30
3
16
4
6
7
17
15
47
20
-4
Investing
-2
-2
-5
-3
-4
-5
-3
-2
-3
-5
-4
-7
Financing
-16
-22
-3
-11
0
-2
-3
-9
-19
-41
-10
14
Net Cash Flow
-1
6
-5
1
-1
-1
0
6
-7
1
7
2
Free Cash Flow
15
28
-2
13
-1
1
3
15
12
42
17
-6
CFO/EBITDA
-493
-1,511
-68
-118
35
71
65
179
96
222
147
-46
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
18
22
22
7
20
11
6
5
32
19
22
26
Inventory Days
47
36
30
14
10
13
16
31
73
39
38
45
Days Payable
19
23
22
15
20
18
11
11
88
58
61
62
Cash Conversion Cycle
46
35
30
6
10
6
11
25
16
0
-1
9
Working Capital Days
-11
-44
-39
-136
-109
-74
-89
-223
-217
-91
-14
-3
ROCE %
-4%
-5%
-8%
-20%
8%
4%
-172%
—
—
—
—
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Modern Dairies insights

62 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

DIIs0.03%Promot.60.34%Others3.88%Public35.76%As ofSep 2026

Documents

1
Concall - Aug 2019 Aug 2019
2
Concall - May 2019 May 2019
3
Concall - Feb 2019 Feb 2019
4
Concall - Nov 2018 Nov 2018
5
Concall - Aug 2018 Aug 2018

Frequently Asked Questions about Modern Dairies

What does Modern Dairies Ltd do?
Incorporated in 1992, Modern Dairies Ltd manufactures Milk and Milk products[1]
Where is Modern Dairies Ltd (MODAIRY) listed?
Modern Dairies Ltd trades under code 519287 on the BSE.
Which sector does Modern Dairies Ltd belong to?
Modern Dairies Ltd is classified under the Food Products sector, in the Dairy Products industry.
What is the market capitalisation of Modern Dairies Ltd?
Modern Dairies Ltd has a market capitalisation of ₹132.46 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Modern Dairies Ltd?
Modern Dairies Ltd trades at a PE ratio of 20.34 as of 29 Oct 2026, on earnings per share of ₹2.04, against a book value of ₹23.03 per share.
What is the 52-week high and low of Modern Dairies Ltd?
Over the last 52 weeks Modern Dairies Ltd has traded between ₹26.56 and ₹55.93 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Modern Dairies Ltd?
Modern Dairies Ltd reported a return on equity of 8.82%. Its debt-to-equity ratio is 0.22.

Company Information

Incorporated in 1992, Modern Dairies Ltd manufactures Milk and Milk products[1]

Website moderndairies.com
Face Value ₹ 10
Shares Outstanding 3,19,24,779

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