Milk Specialities
In the Dec 2025 quarter, revenue rose 16.1% year on year to ₹563 Cr and net profit was ₹12 Cr, against ₹8 Cr a year earlier (compared with Dec 2024). Promoters held 73.01% of Milk Specialities in Dec 2025, unchanged from Sep 2025.
Peer Comparison
Fast Moving Consumer Goods › Food Products › Packaged Foods
| ₹1,181.10 | 58.97 | 2,27,753 Cr | 39.42 | 1.19% | 67.85% | 56.08% | 25,744 Cr | 3,860 Cr | |
| ₹4,657.40 | 43.08 | 1,12,182 Cr | 21.97 | 1.98% | 49.40% | 61.27% | 19,516 Cr | 2,610 Cr | |
| ₹467.20 | 78.92 | 14,864 Cr | 2.55 | 0.25% | 3.38% | 3.43% | 4,519 Cr | 188 Cr | |
| ₹458.85 | 42.49 | 11,505 Cr | 7.16 | 0.27% | 14.90% | 19.20% | 3,073 Cr | 272 Cr | |
| ₹1,196.90 | 6.47 | 8,351 Cr | 1.19 | 1.44% | 26.04% | 34.71% | 20,089 Cr | 2,585 Cr | |
| ₹182.77 | 37.76 | 5,611 Cr | 4.41 | 0.70% | 11.08% | 13.93% | 2,152 Cr | 149 Cr | |
| ₹242.90 | 36.09 | 3,028 Cr | 6.32 | 0.41% | 15.38% | 20.75% | 1,652 Cr | 84 Cr | |
Milk Specialities (this company) | — | — | — | — | — | — | — | 2,023 Cr | 33 Cr |
| Median 8 companies | ₹467.20 | 42.49 | 11,505 Cr | 6.32 | 0.70% | 15.38% | 20.75% | 3,796 Cr | 230 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. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Strengths
2- Debtor days have improved from 35.5 to 16.4 days.
- Company's working capital requirements have reduced from 177 days to 102 days
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.91% over past five years.
- Company has a low return on equity of 2.08% over last 3 years.
Growth Rate
change over 1 year
change over 1 year
Quarterly Results
| Particulars | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Sales | 473 | 485 | 485 | 502 | 563 |
| Expenses | 453 | 465 | 465 | 482 | 541 |
| Operating Profit | 20 | 20 | 19 | 20 | 22 |
| OPM % | 4% | 4% | 4% | 4% | 4% |
| Other Income | 1 | 1 | 1 | 1 | 2 |
| Interest | 10 | 9 | 8 | 10 | 6 |
| Depreciation | 1 | 1 | 2 | 2 | 2 |
| PBT | 10 | 11 | 11 | 10 | 15 |
| Tax % | 35% | 27% | 24% | 29% | 25% |
| Net Profit | 6 | 8 | 8 | 7 | 12 |
| EPS (₹) | 1 | 1.25 | 1.27 | 0.82 | 1.33 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|---|---|
| Sales | 63.92 | 72.05 | 80.37 | 64.78 | 58.14 | 58.03 | 47.73 |
| Expenses | 60.24 | 68.29 | 76.01 | 60.28 | 53.38 | 51.14 | 41.33 |
| Operating Profit | 3.68 | 3.76 | 4.36 | 4.5 | 4.76 | 6.89 | 6.4 |
| OPM % | 5.76% | 5.22% | 5.42% | 6.95% | 8.19% | 11.87% | 13.41% |
| Other Income | 0.04 | 0.17 | 0.09 | 0.17 | 0.46 | 0.01 | 0.01 |
| Interest | 1.67 | 1.9 | 2.38 | 2.82 | 3.56 | 5.07 | 5.34 |
| Depreciation | 0.99 | 1.06 | 1.14 | 1.16 | 1.15 | 1.13 | 1.13 |
| PBT | 1.06 | 0.97 | 0.93 | 0.69 | 0.51 | 0.7 | -0.06 |
| Tax % | 43.4% | 36.08% | 44.09% | 26.09% | -17.65% | 2.86% | 250% |
| Net Profit | 0.6 | 0.62 | 0.52 | 0.51 | 0.6 | 0.68 | -0.21 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 | 8.95 |
| Reserves | 5.71 | 6.33 | 6.85 | 7.36 | 7.96 | 8.64 | 8.43 |
| Borrowings | 21.74 | 21.59 | 25.43 | 31.13 | 48.02 | 39.28 | 34.27 |
| Other Liabilities | 3.61 | 4.52 | 4.28 | 3.98 | 4.07 | 7.55 | 6.38 |
| Total Liabilities | 40.01 | 41.39 | 45.51 | 51.42 | 69 | 64.42 | 58.03 |
| Fixed Assets | 9.68 | 11.01 | 10.65 | 11 | 10 | 8.98 | 7.85 |
| CWIP | 0 | 0 | 0.23 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 30.33 | 30.38 | 34.63 | 40.42 | 59 | 55.44 | 50.18 |
| Total Assets | 40.01 | 41.39 | 45.51 | 51.42 | 69 | 64.42 | 58.03 |
Cash Flow
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|---|---|
| Operating | -6.47 | 2.69 | -2.68 | -4.95 | -16.12 | 9.29 | 10.84 |
| Investing | -0.03 | -2.36 | -1.01 | -1.29 | -0.16 | -0.1 | 0.01 |
| Financing | 5.65 | -0.15 | 3.84 | 5.71 | 16.89 | -10.36 | -0.33 |
| Net Cash Flow | -0.85 | 0.18 | 0.15 | -0.53 | 0.61 | -1.17 | 10.52 |
| Free Cash Flow | -6.5 | 0.33 | -3.69 | -6.24 | -16.28 | 9.18 | 10.84 |
| CFO/OP | -171 | 75 | -57 | -109 | -338 | 138 | 172 |
Ratios
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 51.11 | 44.33 | 31.29 | 38.71 | 44.39 | 45.79 | 16.44 |
| Inventory Days | 146 | 126 | 146 | 252 | 457 | 448 | 543 |
| Days Payable | 5.29 | 7.92 | 5.68 | 7.81 | 12.11 | 15.17 | 12.81 |
| Cash Conversion Cycle | 191 | 163 | 171 | 282 | 489 | 478 | 547 |
| Working Capital Days | 153 | 132 | 139 | 210 | 346 | 82.02 | 102 |
| ROCE % | — | 7.75% | 8.48% | 7.92% | 7.24% | 9.47% | 9.73% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY06–FY26.
Documents
Frequently Asked Questions about Milk Specialities
What does Milk Specialities Ltd do?
Where is Milk Specialities Ltd (MILKSPL) listed?
Which sector does Milk Specialities Ltd belong to?
Company Information
Milk Specialities Ltd.is a manufacturer of varieties of Dairy Products such as Pure Ghee, Milk Powder, Pasteurized Milk etc. and is marketing its products under the brand name 'MILKTIME'.
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