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Parag Milk Foods

PARAGMILK NSE
₹239.20 3.25 (1.34%)
Market Cap
₹3,005 Cr
P/E
23.11

Parag Milk Foods (PARAGMILK) share price was ₹239.20 at the 28 Oct 2026 close; market capitalisation ₹3,005 Cr; P/E (TTM) 23.11; sector Food Products. The share price fell 24.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 10.9% year on year to ₹944.6 Cr and net profit fell 20.3% year on year to ₹22.0 Cr (compared with Jun 2025). Promoters held 40.49% of Parag Milk Foods in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 43/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹239.20 −78.90 −24.80% 1Y

Key Fundamentals

MicrocapFood ProductsFMCG
Market Cap
₹3,005 Cr
P/E (TTM)
23.11
EBITDA
₹310 Cr
Return on Equity
10.73%
Debt to Equity
0.48
Book Value
₹97.04
EPS (TTM)
₹10.35
52W High
₹376.95
52W Low
₹177.84

Price-based figures as of 28 Oct 2026, 15:55 IST · EPS basis: Consolidated · TTM

Peer Comparison

Fast Moving Consumer Goods › Food Products › Dairy Products

Milky Mist Dairy Food
₹299.15115.0623,030 Cr9.950.00%27.43%14.27%2,505 Cr164 Cr
Hatsun Agro Product
₹983.4059.9621,905 Cr11.101.03%16.23%18.26%9,644 Cr366 Cr
Kwality Walls
₹36.29—8,527 Cr12.690.00%-64.76%-81.34%1,924 Cr-334 Cr
Dodla Dairy
₹991.9024.445,984 Cr3.570.51%15.95%15.93%4,377 Cr246 Cr
Vadilal Industries
₹7,342.0024.095,277 Cr6.810.24%18.23%20.88%1,722 Cr219 Cr
Heritage Foods
₹356.3528.903,307 Cr2.910.70%13.55%15.00%4,959 Cr115 Cr
Parag Milk Foods (this company)
₹239.2023.113,005 Cr2.460.45%10.73%15.55%3,958 Cr130 Cr
Median 7 companies₹356.3526.675,984 Cr6.810.45%15.95%15.55%3,958 Cr164 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 →

As of 2026-10-28
v2.0.0
43 Weak
Overall score
Data confidence 100/100
insider_selling

Category scores

Quality Poor 37
Returns, margins, earnings quality 22%
Valuation Average 47
Cheap vs sector & own history 24%
Growth Good 58
Sales & profit trajectory 9%
Financial Health Weak 43
Solvency, leverage, coverage 9%
Momentum Average 46
Trend strength, vol-adjusted 12%
Ownership Weak 42
FII/DII/promoter flows 24%

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

Key Insights

Strengths

1
  • Company has delivered good profit growth of 44.7% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 2.65 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 11.8% over last 3 years.

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
2
Bullish
5

Overall

BearishNeutralBullish

Bearish

Bearish
11
Neutral
2
Bullish
6

Moving Averages

BearishNeutralBullish

Bearish

Bearish
9
Neutral
0
Bullish
1
Analyst Rating
Based on 2 analysts
BUY SHARE100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

Updated 28 Oct 2026

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
11.48% higher than 3Y

change over 1 year

Net Income Growth
13.64% lower than 3Y

change over 1 year

Cash Flow Change
-29.5%

change over 1 year

EBITDA Margin Change
-5.09%

change over 1 year Operating margin 7% · Jun 2026

AI News Digest

114d ago
Neutral 1
  • No promoter encumbrance in FY26 Jun 17

    Parag Milk Foods promoters held 40.57% stake with zero encumbrance in FY26. Devendra Prakash Shah is the largest promoter with 16.15% shareholding.

TL;DR: Limited recent news flow for Parag Milk Foods. The only update confirms clean promoter holdings with no pledged shares, which removes one governance concern. With no material operational or financial news, the near-term outlook remains data-dependent on upcoming quarterly results.

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹329 Cr +6.1% vs FY26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
750
798
801
790
758
871
885
918
852
1,008
1,013
945
945
Expenses
709
743
736
753
702
802
811
856
794
937
944
886
876
Operating Profit
40
56
65
37
56
69
74
62
58
71
68
59
68
OPM %
5%
7%
8%
4.7%
7%
8%
8%
7%
7%
7%
7%
6%
7%
Other Income
6
6
6
8
6
7
5
13
8
18
3
19
1
Interest
17
21
22
16
19
23
26
25
20
20
21
21
22
Depreciation
15
15
15
15
16
18
16
17
16
19
18
18
18
PBT
15
24
33
14
27
36
38
33
29
50
33
40
29
Tax %
-41%
-3%
-4%
27%
-2%
18%
4%
19%
5%
10%
9%
20%
25%
Net Profit
21
25
34
10
27
29
36
26
28
46
30
32
22
EPS (₹)
1.82
2.15
2.91
0.82
2.29
2.45
3.02
2.2
2.31
3.65
2.36
2.58
1.76
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,443
1,645
1,731
1,955
2,396
2,438
1,842
2,072
2,893
3,139
3,432
3,818
3,911
Expenses
1,330
1,494
1,639
1,758
2,171
2,225
1,715
2,508
2,773
2,936
3,179
3,559
3,643
Operating Profit
113
151
92
197
225
213
126
-436
120
202
254
258
267
OPM %
8%
9%
5%
10%
9%
9%
7%
-21%
4.2%
6%
7%
7%
7%
Other Income
-4
-2
-11
9
9
6
12
20
45
23
39
46
42
Interest
47
50
33
36
36
38
46
52
57
79
93
81
83
Depreciation
28
33
49
51
50
54
52
54
57
60
67
71
73
PBT
34
67
-1
119
148
127
41
-522
51
86
133
152
152
Tax %
6%
29%
-524%
27%
18%
26%
49%
2%
-4%
-6%
10%
11%
—
Net Profit
32
47
5
87
121
94
21
-532
53
91
119
135
130
EPS (₹)
6.72
6.72
0.57
10.35
14.35
11.14
2.46
-55.83
4.54
7.59
9.95
10.79
10.35
Div. Payout %
0%
0%
88%
7%
7%
4%
20%
0%
0%
7%
10%
10%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
70
84
84
84
84
84
95
117
119
119
125
Reserves
108
291
541
628
743
827
844
459
691
793
904
1,134
Borrowings
545
389
261
291
240
400
381
523
606
616
654
607
Other Liabilities
255
241
401
378
375
379
373
318
253
358
355
415
Total Liabilities
924
991
1,287
1,382
1,442
1,690
1,683
1,395
1,668
1,887
2,033
2,281
Fixed Assets
291
345
334
397
406
466
473
459
436
466
578
643
CWIP
28
28
21
20
29
7
3
10
45
69
19
37
Investments
0
0
0
1
1
1
1
0
5
5
5
5
Other Assets
604
618
933
964
1,007
1,217
1,205
926
1,182
1,348
1,431
1,596
Total Assets
924
991
1,287
1,382
1,442
1,690
1,683
1,395
1,668
1,887
2,033
2,281
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
88
59
-17
19
140
-66
100
-149
-190
102
212
149
Investing
-29
-32
-87
-16
-73
-30
-47
-26
-88
-53
-132
-98
Financing
-58
-26
140
-12
-91
111
-69
248
212
-53
-78
-60
Net Cash Flow
1
1
36
-10
-24
15
-15
73
-66
-3
1
-9
Free Cash Flow
58
31
-111
-45
52
-98
56
-185
-190
41
87
58
CFO/EBITDA
80
48
0
16
75
-15
96
31
-155
56
88
64
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
43
52
37
47
42
45
32
22
21
28
28
23
Inventory Days
73
83
136
131
113
127
186
91
100
103
90
104
Days Payable
66
51
99
91
73
59
81
43
27
42
40
38
Cash Conversion Cycle
50
84
74
87
83
114
136
70
95
89
78
89
Working Capital Days
-18
26
33
49
55
65
91
44
66
67
49
51
ROCE %
13%
17%
7%
17%
18%
14%
7%
-39%
9%
11%
14%
13%

Insights

Beta

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

Log in to view Parag Milk Foods insights

64 extracted metrics + investor summaries across FY11–FY27.

Shareholding Pattern

DIIs2.87%Promot.40.49%FIIs7.59%Others17.82%Public31.23%As ofSep 2026

Documents

Frequently Asked Questions about Parag Milk Foods

What does Parag Milk Foods Ltd do?
Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories. [1]
Where is Parag Milk Foods Ltd (PARAGMILK) listed?
Parag Milk Foods Ltd trades as PARAGMILK on the NSE and under code 539889 on the BSE.
Which sector does Parag Milk Foods Ltd belong to?
Parag Milk Foods Ltd is classified under the Food Products sector, in the Dairy Products industry.
What is the market capitalisation of Parag Milk Foods Ltd?
Parag Milk Foods Ltd has a market capitalisation of ₹3,005 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Parag Milk Foods Ltd?
Parag Milk Foods Ltd trades at a PE ratio of 23.11 as of 28 Oct 2026, on earnings per share of ₹10.35, against a book value of ₹97.04 per share.
What is the 52-week high and low of Parag Milk Foods Ltd?
Over the last 52 weeks Parag Milk Foods Ltd has traded between ₹177.84 and ₹376.95 as of 28 Oct 2026.
Does Parag Milk Foods Ltd pay dividends?
Parag Milk Foods Ltd has a dividend yield of 0.45%.
What is the Return on Equity (ROE) of Parag Milk Foods Ltd?
Parag Milk Foods Ltd reported a return on equity of 10.73%. Its debt-to-equity ratio is 0.48.

Company Information

Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories. [1]

Website paragmilkfoods.com
CEO Mr. Devendra Prakash Shah
Employees 1,969
Listed 2016-05-19
Face Value ₹ 10
Shares Outstanding 12,56,09,554

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