---
title: "Umang Dairies Ltd(Merged) (UMANGDAIRY) — Share Price, Financials & Analysis"
symbol: "UMANGDAIRY"
company: "Umang Dairies Ltd(Merged)"
canonical: "https://tapetide.com/stocks/UMANGDAIRY"
isin: "INE864B01027"
nse_symbol: "UMANGDAIRY"
bse_code: "500231"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T19:41:31.928Z"
---

# Umang Dairies Ltd(Merged) (UMANGDAIRY)

Canonical page: https://tapetide.com/stocks/UMANGDAIRY

## Company

- **NSE Symbol:** UMANGDAIRY
- **BSE Code:** 500231
- **ISIN:** INE864B01027
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** DELISTED
- **Listed Since:** 2015-12-02
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** umangdairies.com

## About

Incorporated in 1994, Umang Dairies manufacture and sells Dairy Products[1]

## Latest Price

- **Price:** ₹85.73
- **Change:** 0 (0%)
- **Open:** ₹90.3
- **Day High:** ₹92.45
- **Day Low:** ₹83.36
- **Previous Close:** ₹85.73
- **Volume:** 0
- **As Of:** 2025-06-26T10:26:03+00:00

## Key Insights

### Weaknesses

- Stock is trading at 4.14 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.40% over past five years.
- Company has a low return on equity of -1.01% over last 3 years.
- Earnings include an other income of Rs.2.35 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -53% | 27% | -26% |
| revenue growth | -20% | 4% | -1% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 55.74 | 60.47 | 74.14 | 102.49 | 80.02 | 59.93 | 76.01 | 70.23 | 53.21 | 49.1 | 61.21 | 64.61 |
| Expenses | 54.72 | 60.93 | 72.44 | 101.25 | 81.04 | 61.97 | 72.6 | 61.23 | 51.45 | 50.82 | 58.01 | 61.28 |
| Operating Profit | 1.02 | -0.46 | 1.7 | 1.24 | -1.02 | -2.04 | 3.41 | 9 | 1.76 | -1.72 | 3.2 | 3.33 |
| OPM % | 1.83 | -0.76 | 2.29 | 1.21 | -1.27 | -3.4 | 4.49 | 12.82 | 3.31 | -3.5 | 5.23 | 5.15 |
| Other Income | 0.34 | 0.82 | 0.49 | 0.36 | 0.33 | 0.22 | 0.23 | 1.6 | 0.59 | 1.21 | 0.29 | 0.26 |
| Interest | 1.25 | 1.2 | 1.05 | 1.37 | 1.46 | 1.46 | 1.42 | 1.17 | 1.17 | 1.16 | 1.07 | 1.3 |
| Depreciation | 1.33 | 1.33 | 1.24 | 1.21 | 1.24 | 1.19 | 1.23 | 1.17 | 1.15 | 1.13 | 1.07 | 1.04 |
| Profit before tax | -1.22 | -2.17 | -0.1 | -0.98 | -3.39 | -4.47 | 0.99 | 8.26 | 0.03 | -2.8 | 1.35 | 1.25 |
| Tax % | -28.69 | -28.57 | -30 | -21.43 | -27.14 | -27.74 | 28.28 | 23.37 | 33.33 | -61.07 | 34.07 | 36 |
| Net Profit | -0.86 | -1.55 | -0.07 | -0.78 | -2.47 | -3.23 | 0.71 | 6.33 | 0.02 | -1.09 | 0.88 | 0.8 |
| EPS in Rs | -0.39 | -0.7 | -0.03 | -0.35 | -1.12 | -1.47 | 0.32 | 2.88 | 0.01 | -0.5 | 0.4 | 0.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 189 | 209 | 245 | 225 | 245 | 248 | 204 | 293 | 286 | 228 |
| Expenses | 174 | 203 | 232 | 212 | 234 | 234 | 218 | 289 | 277 | 222 |
| Operating Profit | 15 | 6 | 13 | 13 | 11 | 14 | -14 | 4 | 9 | 7 |
| OPM % | 8 | 2.8 | 5 | 6 | 4.5 | 5 | -7 | 1.2 | 3.3 | 2.9 |
| Other Income | 0 | 1 | 0 | 1 | 1 | 1 | 4 | 2 | 2 | 2 |
| Interest | 1 | 1 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 5 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4 |
| Profit before tax | 12 | 2 | 6 | 7 | 4 | 6 | -20 | -4 | 1 | 0 |
| Tax % | 35 | 34 | 14 | 23 | 31 | 33 | -28 | -27 | 3 | -433 |
| Net Profit | 8 | 2 | 5 | 5 | 3 | 4 | -14 | -3 | 1 | 1 |
| EPS in Rs | 3.41 | 0.75 | 2.4 | 2.3 | 1.29 | 1.86 | -6.48 | -1.48 | 0.61 | 0.28 |
| Dividend Payout % | 29 | 0 | 10 | 22 | 39 | 27 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 21 | 37 | 42 | 46 | 48 | 51 | 36 | 33 | 34 | 35 |
| Borrowings | 26 | 29 | 47 | 32 | 45 | 39 | 56 | 57 | 44 | 65 |
| Other Liabilities | 44 | 47 | 34 | 40 | 62 | 66 | 47 | 65 | 34 | 32 |
| Total Liabilities | 102 | 124 | 133 | 128 | 166 | 167 | 149 | 165 | 123 | 143 |
| Fixed Assets | 34 | 72 | 71 | 74 | 81 | 81 | 79 | 75 | 72 | 68 |
| CWIP | 17 | 0 | 4 | 4 | 1 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
| Other Assets | 51 | 52 | 58 | 51 | 84 | 86 | 70 | 90 | 48 | 72 |
| Total Assets | 102 | 124 | 133 | 128 | 166 | 167 | 149 | 165 | 123 | 143 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 15 | 7 | -5 | 26 | 3 | 12 | -9 | 6 | 19 | -17 |
| Cash from Investing Activity | -15 | -7 | -7 | -6 | -5 | -5 | -2 | -2 | -4 | 0 |
| Cash from Financing Activity | 0 | 0 | 12 | -20 | 6 | -11 | 12 | -3 | -17 | 17 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 4 | -4 | 1 | 1 | -2 | 0 |
| Free Cash Flow | -1 | 0 | -12 | 19 | -2 | 7 | -11 | 4 | 18 | -21 |
| CFO/OP | 139 | 160 | -30 | 208 | 7 | 99 | 64 | 168 | 193 | -271 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5 | 8 | 18 | 18 | 13 | 22 | 20 | 8 | 11 | 7 |
| Inventory Days | 100 | 95 | 86 | 89 | 163 | 157 | 147 | 143 | 67 | 166 |
| Days Payable | 13 | 34 | 17 | 29 | 64 | 60 | 58 | 59 | 23 | 23 |
| Cash Conversion Cycle | 92 | 68 | 88 | 78 | 112 | 119 | 109 | 91 | 55 | 151 |
| Working Capital Days | 14 | -14 | 4 | 3 | 1 | 11 | 7 | -2 | -1 | -18 |
| ROCE % | 23 | 5 | 11 | 11 | 8 | 10 | -15 | 0 | 7 | 5 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.03% | 0% |
| DIIs | 0.07% | 0.12% | 0.07% | 0.07% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.32% | 25.27% | 25.32% | 25.32% | 25.39% | 25.39% | 25.39% | 25.36% | 25.38% |
| No. of Shareholders | 20137 | 21248 | 20771 | 20060 | 16102 | 18275 | 17300 | 18417 | 19716 |

### Quarterly

| Category | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.03% | 0% | 0% | 0% | 0% |
| Public | 25.39% | 25.39% | 25.4% | 25.39% | 25.39% | 25.38% | 25.38% | 25.36% | 25.39% | 25.39% | 25.39% | 25.38% |
| No. of Shareholders | 18451 | 18397 | 17584 | 17300 | 16901 | 16827 | 17440 | 18417 | 17721 | 19493 | 19969 | 19716 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 84.79 | Sell |
| EMA (10) | 80.03 | Sell |
| SMA (20) | 84.83 | Sell |
| EMA (20) | 82.69 | Sell |
| SMA (50) | 81.28 | Sell |
| EMA (50) | 82.19 | Sell |
| SMA (100) | 80.17 | Sell |
| EMA (100) | 83.27 | Sell |
| SMA (200) | 88.68 | Sell |
| EMA (200) | 85.98 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 18.82 | Buy |
| MACD (12,26,9) | -1.66 | Sell |
| Stochastic (14,3,3) | 26.27 | Neutral |
| ADX (14) | 26.58 | Buy |
| Williams %R (14) | -97.89 | Buy |
| ATR (14) | 7.65 | High Volatility |
| ROC (12) | -51.85 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 19 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 26 May 2025 - Umang Dairies reports audited FY25 results; scheme of arrangement sanctioned but pending effectiveness. | [Board Meeting Outcome for Board Meeting Outcome Held On 26Th May 2025 26 May 2025 - Umang Dairies reports audited FY25 results; scheme of arrangement sanctioned but pending effectiveness.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8506b8e2-c3cb-4cf7-a495-84c80f69a2d3.pdf) |
| 26 May 2025 - Umang Dairies approved audited FY25 results; revenue ₹28,619L, net loss ₹12.68L, unmodified audit opinion. | [Audited Financial Results For The Quarter And Financial Year Ended 31St March 2025 26 May 2025 - Umang Dairies approved audited FY25 results; revenue ₹28,619L, net loss ₹12.68L, unmodified audit opinion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2262032f-2fbe-44ac-a6e6-67b7fa178a6d.pdf) |
| 26 May 2025 - Appointment of Shri Namo Narain Agarwal as Secretarial Auditor for five years from FY 2025-26. | [Appointment Of Secretarial Auditor 26 May 2025 - Appointment of Shri Namo Narain Agarwal as Secretarial Auditor for five years from FY 2025-26.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3265b05-30a8-46e1-81f8-8a2a597882ae.pdf) |
| 17 Jun 2025 - NCLT sanctions scheme: UDL dairy demerged to PPL, UDL amalgamated into BACL; record date set 27 June 2025. | [Fixation Of Record Date I.E. 27Th June 2025 17 Jun 2025 - NCLT sanctions scheme: UDL dairy demerged to PPL, UDL amalgamated into BACL; record date set 27 June 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd4fb9cf-071e-4033-900e-e8e29c21eb98.pdf) |
| 17 Jun 2025 - NCLT approves scheme; UDL's dairy business demerged to PPL, UDL amalgamated into BACL; record date fixed 27 June 2025. | [Corporate Action-Amalgamation/ Merger / Demerger 17 Jun 2025 - NCLT approves scheme; UDL's dairy business demerged to PPL, UDL amalgamated into BACL; record date fixed 27 June 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d45409b2-e2e9-4922-bfad-5481d77bfb10.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24453_UMANGDAIRY_2023_2024_12072024191852.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22809_UMANGDAIRY_2022_2023_18082023170756_08182023180001.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20778_UMANGDAIRY_2021_2022_22082022185730_08222022190008.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18891_UMANGDAIRY_2020_2021_25082021153620_25082021160002.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16859_UMANGDAIRY_2019_2020_24082020175747_24082020180003.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_15334_UMANGDAIRY_2018_2019_23082019175800_23082019180016.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_14090_UMANGDAIRY_2017_2018_05102018125750.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_12080_UMANGDAIRY_2016_2017_07102017151042.zip) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47c331e7-60aa-4b49-af0e-6d5a584bc699.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51b5adaa-4246-40ca-9887-6c9c461178a0.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:41:31.928Z.