Milky Mist Dairy Food
Milky Mist Dairy Food (MILKYMIST) share price was ₹299.15 at the 28 Oct 2026 close; market capitalisation ₹23,030 Cr; P/E (TTM) 115.06; sector Fast Moving Consumer Goods. In the Jun 2026 quarter, revenue rose 44.7% year on year to ₹973.4 Cr and net profit was ₹64 Cr, against ₹6 Cr a year earlier (compared with Jun 2025). Promoters held 79.51% of Milky Mist Dairy Food in Sep 2026.
Key Fundamentals
SmallcapPrice-based figures as of 29 Oct 2026, 10:44 IST · TTM
Peer Comparison
Fast Moving Consumer Goods › Food Products › Dairy Products
| Milky Mist Dairy Food (this company) | ₹298.90 | 114.96 | 23,011 Cr | 9.94 | 0.00% | 27.43% | 14.27% | 2,505 Cr | 164 Cr |
|---|---|---|---|---|---|---|---|---|---|
| ₹1,012.60 | 61.74 | 22,555 Cr | 11.43 | 1.03% | 16.23% | 18.26% | 9,644 Cr | 366 Cr | |
| ₹35.84 | — | 8,421 Cr | 12.53 | 0.00% | -64.76% | -81.34% | 1,924 Cr | -334 Cr | |
| ₹977.60 | 24.09 | 5,898 Cr | 3.52 | 0.51% | 15.95% | 15.93% | 4,377 Cr | 246 Cr | |
| ₹7,575.50 | 24.86 | 5,445 Cr | 7.03 | 0.24% | 18.23% | 20.88% | 1,722 Cr | 219 Cr | |
| ₹357.45 | 28.99 | 3,317 Cr | 2.92 | 0.70% | 13.55% | 15.00% | 4,959 Cr | 115 Cr | |
| ₹242.35 | 23.42 | 3,044 Cr | 2.50 | 0.45% | 10.73% | 15.55% | 3,958 Cr | 130 Cr | |
| Median 7 companies | ₹357.45 | 26.92 | 5,898 Cr | 7.03 | 0.45% | 15.95% | 15.55% | 3,958 Cr | 164 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
1- Company has delivered good profit growth of 37.2% CAGR over last 5 years
Weaknesses
1- Company might be capitalizing the interest cost
Technical Indicators
Oscillators
Bearish
Overall
Bullish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 15% · Jun 2026
AI Analysis — Bull vs Bear
Milky Mist Dairy Food Ltd trades at ₹299.55 as of 2026-10-27 with a market cap of ₹23,060.66 Cr and a PE of 115.21x on TTM EPS of ₹2.6. The company has delivered strong revenue growth of 30% CAGR over 3 years and profit growth of 64% CAGR over the same period, but carries a debt-to-equity ratio of 3.62 and pays no dividend.
- Compounded sales growth of 30% over 3 years and 28% over 5 years indicates sustained top-line momentum in the FMCG dairy segment
- Compounded profit growth of 64% CAGR over 3 years and 37% CAGR over 5 years significantly outpaces revenue growth, suggesting improving profitability and operating leverage
- TTM profit growth of 185% shows a sharp acceleration in earnings in the most recent period
- ROE of 27.43% as of 2026-10-27 is well above the typical 15% threshold for quality businesses, with a last-year ROE of 32% showing an improving trend
- Consistent ROE of 20% over both 3-year and 5-year periods demonstrates durable return generation on shareholder capital
- TTM sales growth of 35% indicates the company continues to accelerate revenue even on a larger base
- The stock has appreciated from a 52-week low of ₹165 to ₹299.55 — an 81.5% move off the low — reflecting strong market recognition of the growth trajectory
- PE of 115.21x on TTM EPS of ₹2.6 is extremely elevated relative to the broader FMCG sector, leaving little room for execution misses
- Debt-to-equity ratio of 3.62 is significantly high for an FMCG business, raising concerns about balance sheet stress and interest burden
- The company might be capitalizing interest costs, which would overstate reported profitability and understate true operating expenses
- Zero dividend yield suggests the company is either reinvesting all earnings or lacks free cash flow to distribute to shareholders despite reported profit growth
- Price-to-book of 9.96x is steep and implies the market is pricing in substantial future growth that may already be discounted
- ROCE of 14.27% is notably lower than the 27.43% ROE, and the wide gap between the two is consistent with heavy leverage amplifying equity returns rather than genuine operational efficiency
- The stock trades 12.5% below its 52-week high of ₹342.4, indicating recent selling pressure despite the underlying growth narrative
- With a market cap of ₹23,060.66 Cr on TTM EPS of ₹2.6, the company needs to grow earnings multifold to justify the current valuation on a fundamental basis
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- High-protein milk launch Oct 15
Milky Mist launched a 250ml High Protein Lactose-free Milk with 25g protein, targeting the growing value-added dairy segment in India.
- 100% renewable energy achieved Sep 30
Commissioned a 10 MW solar plant, raising total renewable capacity to 41 MW and achieving full energy self-sufficiency, which should lower operating costs.
- ESOP and remuneration approvals sought Oct 6
Postal ballot issued seeking shareholder approval for ESOP 2025 ratification, AoA amendments, and executive remuneration revisions.
TL;DR: Milky Mist is executing well on two fronts: product innovation with a high-protein milk launch and operational efficiency through 100% renewable energy self-sufficiency at 41 MW capacity. No material headwinds are visible in recent news. The ESOP and remuneration proposals are routine corporate governance actions. The trend is constructive, with the company positioning itself in premium dairy segments while structurally lowering energy costs.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 673 | 854 | 973 |
| Expenses | 593 | 719 | 831 |
| Operating Profit | 80 | 136 | 143 |
| OPM % | 12% | 16% | 15% |
| Other Income | 2 | 1 | 1 |
| Interest | 34 | 27 | 24 |
| Depreciation | 39 | 42 | 47 |
| PBT | 9 | 68 | 73 |
| Tax % | 39% | -38% | 12% |
| Net Profit | 6 | 94 | 64 |
| EPS (₹) | 0.09 | 1.46 | 1 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 928 | 1,012 | 1,432 | 1,803 | 2,328 | 3,137 |
| Expenses | 785 | 857 | 1,235 | 1,589 | 2,027 | 2,713 |
| Operating Profit | 143 | 154 | 196 | 214 | 301 | 424 |
| OPM % | 15% | 15% | 14% | 12% | 13% | 14% |
| Other Income | -3 | -2 | 5 | 5 | 5 | 6 |
| Interest | 47 | 41 | 58 | 72 | 86 | 106 |
| Depreciation | 54 | 61 | 79 | 107 | 136 | 169 |
| PBT | 39 | 50 | 64 | 41 | 84 | 156 |
| Tax % | 40% | 37% | 56% | 56% | 48% | 20% |
| Net Profit | 23 | 32 | 28 | 18 | 44 | 125 |
| EPS (₹) | 66.09 | 90.71 | 80.06 | 51.91 | 0.69 | 1.95 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 126 | 128 |
| Reserves | 100 | 150 | 178 | 282 | 201 | 334 |
| Borrowings | 464 | 545 | 804 | 1,035 | 1,380 | 1,671 |
| Other Liabilities | 121 | 125 | 207 | 286 | 440 | 536 |
| Total Liabilities | 688 | 823 | 1,193 | 1,606 | 2,147 | 2,669 |
| Fixed Assets | 528 | 561 | 803 | 1,136 | 1,333 | 1,663 |
| CWIP | 8 | 69 | 149 | 95 | 241 | 371 |
| Investments | 0 | 0 | 0 | 7 | 7 | 7 |
| Other Assets | 152 | 193 | 241 | 368 | 567 | 627 |
| Total Assets | 688 | 823 | 1,193 | 1,606 | 2,147 | 2,669 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 135 | 120 | 199 | 140 | 309 | 298 |
| Investing | -107 | -175 | -396 | -289 | -542 | -464 |
| Financing | -42 | 60 | 202 | 152 | 236 | 163 |
| Net Cash Flow | -14 | 5 | 5 | 2 | 3 | -3 |
| Free Cash Flow | 28 | -35 | -202 | 140 | -234 | -161 |
| CFO/OP | 100 | 90 | 108 | 69 | 107 | 78 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 15 | 24 | 19 | 16 | 16 | 21 |
| Inventory Days | 47 | 38 | 41 | 61 | 85 | 80 |
| Days Payable | 12 | 12 | 11 | 14 | 31 | 26 |
| Cash Conversion Cycle | 51 | 50 | 48 | 63 | 69 | 75 |
| Working Capital Days | -25 | -29 | -30 | -35 | -40 | -28 |
| ROCE % | — | 15% | 15% | 10% | 11% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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48 extracted metrics + investor summaries across FY21–FY27.
Documents
Frequently Asked Questions about Milky Mist Dairy Food
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Company Information
Incorporated in 2014, Milky Mist Dairy Food Ltd is in the business of processing of milk and manufacturing of milk related products.[1]
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