Dodla Dairy Ltd
DODLA NSE
Dodla Dairy Ltd
Food ProductsNSE: DODLA BSE: 543306 Dairy Products
Key Fundamentals
MicrocapDairy ProductsFood ProductsMarket Cap
₹6,631 Cr
Volatility
Moderate
P/E Ratio
26.95
EBITDA
₹369 Cr
Return on Equity
15.95%
Debt to Equity
0.03
Book Value
₹277.5
EPS
₹33.08
52W High
₹1,500
52W Low
₹964.1
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dodla Dairy Ltd insights
49 extracted metrics + investor summaries across FY18–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- Tax rate seems low
- Promoter holding has decreased over last 3 years: -3.29%
Growth Rate
Revenue Growth
10.92% ↗
Net Income Growth
2.73% ↗
Cash Flow Change
-43.27% ↘
ROE
-13.74% ↗
ROCE
-34.34% ↘
EBITDA Margin (Avg.)
-23.39% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk medium
Dodla Dairy Ltd is a nearly debt-free dairy company with a market cap of ₹6,768 Cr trading at a PE of 25.2x. It delivered record FY25 consolidated revenue of ₹3,720 Cr (up 19% YoY) and PAT of ₹260 Cr (up 56% YoY), though FY26 revenue growth moderated to ~11% with operating profit declining from ₹381 Cr to ₹308 Cr.
Bull Case 8
- Nearly debt-free balance sheet with debt-to-equity of just 0.02, providing financial flexibility for expansion without interest burden
- Strong 3-year compounded profit growth of 28% CAGR, significantly outpacing revenue growth of 14% CAGR, indicating operating leverage
- FY25 PAT surged 55.9% YoY to ₹2,599 Mn (₹260 Cr), demonstrating margin expansion capability
- Value-added products (VAP) contributed 35.4% of total revenues in Q1 FY25, driving higher margins versus commodity milk sales
- Consistent ROE of 16-17% over the last 3-5 years on a nearly debt-free balance sheet reflects strong capital efficiency
- 5-year compounded sales CAGR of 16% (from ₹2,243 Cr in FY22 to ₹3,720 Cr in FY25) shows sustained top-line momentum in a structurally growing Indian dairy market projected at 14% CAGR through 2035
- Geographic diversification into Africa (Kenya, Uganda) provides optionality beyond the core South India market
- FY26 EPS of ₹44.26 (consolidated) represents continued profitability even in a year of margin pressure
Bear Case 8
- Stock has declined 21% over the past 1 year despite strong underlying profit growth, indicating market de-rating or sentiment concerns
- FY26 operating profit fell to ₹308 Cr from ₹381 Cr in FY25, a decline of ~19%, suggesting margin compression from rising input costs
- Promoter holding has decreased by 3.29% over the last 3 years, signaling potential reduced promoter confidence or dilution
- TTM compounded profit growth has stalled at 0%, indicating near-term earnings stagnation after the FY25 surge
- PE of 25.2x for an FMCG-dairy company with FY26 net profit of ~₹267 Cr leaves limited room for earnings disappointment
- Milk sales still constitute 58.6% of revenue, exposing the company to commodity price volatility and thin margins on liquid milk
- Tax rate appears low, which if normalized could compress reported earnings
- Dividend yield of only 0.45% offers limited income return to shareholders relative to the capital deployed
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Positives 1
- Record revenue and strong PAT Jun 20
Dodla Dairy reported highest-ever consolidated revenue of INR 41,252.01 million in FY26 with PAT of INR 2,669.99 million and declared a final dividend of INR 5 per share. AGM scheduled for 14 July 2026.
Neutral 2
- Trading window closed for Q1FY26 Jun 23
Dodla Dairy shuts trading window from July 1, 2026, until 48 hours after Q1FY26 results announcement, in compliance with SEBI insider trading regulations.
- BRSR filed showing sustainability efforts Jun 20
Dodla Dairy filed its Business Responsibility and Sustainability Report for FY26, reporting 17% solar power usage and significant water conservation initiatives.
TL;DR: Dodla Dairy is performing well with record-high revenue and healthy profitability in FY26, supported by a shareholder-friendly dividend policy. No material headwinds are visible in the recent news flow. Sustainability initiatives like 17% solar adoption signal long-term operational efficiency focus. The trend appears stable-to-positive heading into Q1FY26 results.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 823 | 768 | 747 | 787 | 912 | 998 | 901 | 910 | 1,007 | 1,019 | 1,025 | 1,074 | 1,198 |
| Expenses | 763 | 698 | 664 | 712 | 806 | 901 | 805 | 826 | 924 | 926 | 946 | 1,021 | 1,133 |
| Operating Profit | 60 | 70 | 83 | 75 | 105 | 96 | 96 | 84 | 83 | 93 | 79 | 54 | 65 |
| OPM % | 7% | 9% | 11% | 10% | 12% | 10% | 11% | 9% | 8% | 9% | 8% | 5% | 5% |
| Other Income | 7 | 7 | 6 | 8 | 7 | 10 | 11 | 26 | 17 | 11 | 6 | 23 | 14 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 16 | 17 | 18 | 18 | 18 | 19 | 20 | 18 | 18 | 21 | 22 | 22 | 23 |
| PBT | 51 | 59 | 70 | 64 | 93 | 86 | 86 | 90 | 81 | 83 | 63 | 54 | 55 |
| Tax % | 31% | 26% | 41% | 27% | 30% | 27% | 26% | 25% | 22% | 21% | -10% | -29% | 26% |
| Net Profit | 35 | 44 | 41 | 47 | 65 | 63 | 64 | 68 | 63 | 66 | 69 | 70 | 41 |
| EPS in Rs | 5.88 | 7.33 | 6.95 | 7.87 | 10.93 | 10.51 | 10.54 | 11.27 | 10.42 | 10.89 | 11.39 | 11.56 | 6.74 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,590 | 1,692 | 2,139 | 1,944 | 2,243 | 2,812 | 3,125 | 3,720 | 4,125 | 4,316 |
| Expenses | 1,476 | 1,556 | 1,996 | 1,700 | 2,031 | 2,619 | 2,835 | 3,338 | 3,816 | 4,025 |
| Operating Profit | 114 | 135 | 143 | 244 | 212 | 193 | 290 | 382 | 310 | 291 |
| OPM % | 7% | 8% | 7% | 13% | 9% | 7% | 9% | 10% | 8% | 7% |
| Other Income | 6 | 7 | 5 | 6 | 13 | 22 | 26 | 53 | 57 | 55 |
| Interest | 11 | 12 | 17 | 13 | 7 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 28 | 37 | 49 | 51 | 52 | 61 | 70 | 75 | 82 | 87 |
| PBT | 80 | 93 | 82 | 186 | 166 | 152 | 244 | 356 | 281 | 254 |
| Tax % | 29% | 33% | 39% | 32% | 20% | 19% | 32% | 27% | 5% | — |
| Net Profit | 57 | 63 | 50 | 126 | 133 | 122 | 167 | 260 | 267 | 245 |
| EPS in Rs | 174 | 11.27 | 8.96 | 21.6 | 22.32 | 20.55 | 28.03 | 43.09 | 44.26 | 40.58 |
| Div. Payout % | 0% | 0% | 58% | 0% | 0% | 0% | 0% | 12% | 11% | — |
Balance Sheet
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| Reserves | 336 | 351 | 378 | 600 | 784 | 913 | 1,079 | 1,346 | 1,614 |
| Borrowings | 132 | 167 | 160 | 99 | 13 | 32 | 46 | 42 | 57 |
| Other Liabilities | 135 | 178 | 199 | 216 | 232 | 247 | 293 | 282 | 355 |
| Total Liabilities | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,086 |
| Fixed Assets | 327 | 500 | 536 | 549 | 566 | 624 | 713 | 750 | 1,056 |
| CWIP | 16 | 11 | 11 | 8 | 4 | 58 | 12 | 12 | 109 |
| Investments | 67 | 26 | 12 | 60 | 184 | 260 | 196 | 644 | 411 |
| Other Assets | 197 | 214 | 233 | 355 | 334 | 310 | 556 | 324 | 509 |
| Total Assets | 607 | 752 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,086 |
Cash Flow
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 87 | 136 | 166 | 245 | 171 | 161 | -1 | 520 | 295 |
| Investing | -66 | -148 | -76 | -200 | -137 | -210 | 30 | -526 | -285 |
| Financing | -41 | 60 | -26 | 11 | -49 | 15 | -1 | -8 | -25 |
| Net Cash Flow | -20 | 48 | 64 | 55 | -14 | -35 | 28 | -14 | -15 |
| Free Cash Flow | 16 | 39 | 71 | 189 | 101 | 56 | -105 | 412 | 135 |
| CFO/OP | 91 | 114 | 124 | 121 | 99 | 107 | 22 | 165 | 113 |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 40 | 36 | 27 | 26 | 27 | 20 | 62 | 22 | 18 |
| Days Payable | 19 | 22 | 17 | 23 | 23 | 22 | 24 | 21 | 22 |
| Cash Conversion Cycle | 22 | 16 | 11 | 4 | 5 | 0 | 40 | 2 | -3 |
| Working Capital Days | -13 | -6 | -13 | -15 | -8 | -7 | 19 | -6 | -10 |
| ROCE % | — | 20% | 17% | 30% | 21% | 16% | 22% | 27% | 17% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Earnings Call with investors of the Company, scheduled on Monday, 18 May 2026 at 09:00 AM (IST), to discuss the Company's operational and financial performance … 8 May - Earnings Call with investors of the Company, scheduled on Monday, 18 May 2026 at 09:00 AM (IST), to discuss the Company's operational and financial performance …
2
Board Meeting Intimation for Approval Of Financial Results For The Quarter And Year Ending 31 March 2026 And Recommendation Of A Final Dividend, If Any.
7 May - Board meeting on 16 May 2026 to approve FY26 results and consider final dividend. 7 May - Board meeting on 16 May 2026 to approve FY26 results and consider final dividend.
3
Board Meeting Outcome for Outcome Of The Board Meeting Held On 24 April 2026
24 Apr - Board met on 24 April 2026; reappointed Vinoda Kailas, cost and internal auditors, appointed Silpa Reddy. 24 Apr - Board met on 24 April 2026; reappointed Vinoda Kailas, cost and internal auditors, appointed Silpa Reddy.
4
Announcement under Regulation 30 (LODR)-Change in Directorate
24 Apr - Board approved director reappointment, auditors' reappointment, and appointment of SMP from 1 May 2026. 24 Apr - Board approved director reappointment, auditors' reappointment, and appointment of SMP from 1 May 2026.
5
Announcement under Regulation 30 (LODR)-Change in Management
24 Apr - Board approved director reappointment, cost/internal auditors for FY27, and appointed SMP from 1 May 2026. 24 Apr - Board approved director reappointment, cost/internal auditors for FY27, and appointed SMP from 1 May 2026.
Frequently Asked Questions about Dodla Dairy Ltd
What does Dodla Dairy Ltd do?
Incorporated in the year 1995, Dodla Dairy Limited is an integrated dairy company based in Telangana. The company derives the majority of its revenue from the sale of Milk and dairy-based value added products in the branded consumer Market. Currently, its procurement is centered in 5 states and i...
Where is Dodla Dairy Ltd (DODLA) listed?
Dodla Dairy Ltd is listed on the Indian stock exchanges. It is listed on NSE: DODLA and BSE: 543306. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Dodla Dairy Ltd belong to?
Dodla Dairy Ltd operates in the Food Products sector within the Dairy Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Dodla Dairy Ltd?
Dodla Dairy Ltd has a market capitalisation of approximately ₹6631.23 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Dodla Dairy Ltd?
The Price-to-Earnings (PE) ratio of Dodla Dairy Ltd is 26.95. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Dodla Dairy Ltd?
Over the past 52 weeks, Dodla Dairy Ltd has traded between a low of ₹964.1 and a high of ₹1,500. This range helps investors understand the stock's price volatility and recent trading levels.
Does Dodla Dairy Ltd pay dividends?
Yes, Dodla Dairy Ltd has a dividend yield of 0.45%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Dodla Dairy Ltd?
Dodla Dairy Ltd has a Return on Equity (ROE) of 15.95%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Dodla Dairy Ltd on Tapetide?
On Tapetide, you can view Dodla Dairy Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in the year 1995, Dodla Dairy Limited is an integrated dairy company based in Telangana. The company derives the majority of its revenue from the sale of Milk and dairy-based value added products in the branded consumer Market. Currently, its procurement is centered in 5 states and its products are available for purchase in 11 states. It has 94 milk chilling centers. Some of their plants are ISO 22000:2005 Certified while two are ISO 50001:2011 (EnMS) Certified.
Website dodladairy.com
CEO Mr. Busireddy Venkat Krishna Reddy
Employees 3,142
Listed 2021-06-28
Face Value ₹ 10
Issued Size 6,03,27,809