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Parag Milk Foods Limited (PARAGMILK.NS)

INR224.30 +0.26 (+0.12%)
IN NSE Consumer Defensive Packaged Foods
Address Nirmal Building 400021
Mumbai, IN
CEO Devendra Prakash Shah
IPO 2016-05-19
ISIN INE883N01014

Explore sections of this company profile

Also trades on Bombay Stock Exchange · PARAGMILK.BO (INR) National Stock Exchange of India · PARAGMILK.NS (INR)
Description

Established in 1992 and headquartered in Mumbai, India, Parag Milk Foods Limited is a key entity in the dairy sector, focusing on the production, processing, and sale of an extensive range of milk and dairy-derived products. The company markets its diverse portfolio under several distinct brands. Under the "Gowardhan" brand, it provides traditional Indian dairy essentials like ghee, fresh milk, paneer, curd, butter, dairy whitener, and even gulab jamun mix. The "Go" brand caters to modern tastes with flavored cheese (available as wedges, spreads, slices, and angles), flavored yoghurt, slim milk, cream, and whey products. Premium whole milk is offered under the "Pride of Cows" label, while "Topp up" specializes in flavored milk beverages. Furthermore, Parag Milk Foods addresses the sports and nutrition market with its "Avvatar" brand and also manufactures lactose products. Beyond its strong presence in India, the company actively exports its goods to a wide array of international destinations across the Middle East, Southeast Asia, Africa, and North America, encompassing countries such as the United Arab Emirates, Singapore, Mauritius, the United States, and many others.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR224.30 +0.26 (+0.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
733.6K
Beta
0.50
Float Shares
66.24M
Free Float %
53.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.59% -0.17% +9.30% -4.59% -37.34% -23.12% +10.69% +107.73% +49.22% -9.59% -9.59%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
224.30
DCF (Unlevered) 1,706.40 +660.8%
DCF (Levered) 903.14 +302.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.90
Safe zone
Piotroski F-Score
2 / 9
Weak
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    +11.2% Q1'26: +3.0% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +11.2% Q1'26: +20.0% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    -0.2% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +4.9% Q1'26: +4.4% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +8.9% Q1'26: +7.3% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    +2.3% Q1'26: +2.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    2.37× Q1'26: 2.56× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.56) × ERP
WACC = 82% × Ke + 18% × Kd (13.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,708.19 Current price: 224.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
Mar 2030
1 Rev. Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
16.45B
est: 15.68B (+4.9%)
17.31B
est: 17.78B (-2.6%)
19.55B
est: 19.52B (+0.1%)
23.96B
est: 23.79B (+0.7%)
24.01B
est: 25.62B (-6.3%)
18.26B
est: 19.43B (-6.0%)
20.55B
est: 20.04B (+2.6%)
28.54B
est: 22.92B (+24.5%)
31.39B
est: 32.18B (-2.5%)
34.32B
est: 36.10B (-4.9%)
38.87B
38.81B – 38.93B
+7.7% YoY
44.94B
44.12B – 45.75B
+15.6% YoY
51.59B
49.85B – 53.33B
+14.8% YoY
60.92B
59.82B – 62.03B
+18.1% YoY
69.53B
68.27B – 70.79B
+14.1% YoY
77.87B
76.46B – 79.28B
+12.0% YoY
EBITDA
1.49B
est: 235.51M (+533.6%)
811.49M
est: 267.03M (+203.9%)
2.05B
est: 283.32M (+624.6%)
2.34B
est: 1.71B (+36.8%)
2.19B
est: 1.86B (+17.4%)
1.38B
est: 1.24B (+11.6%)
-4.17B
est: 1.39B (-400.1%)
1.65B
est: 1.37B (+20.2%)
2.23B
est: 5.92B (-62.4%)
2.53B
est: 10.21B (-75.3%)
11.00B
10.98B – 11.01B
+7.7% YoY
12.71B
12.48B – 12.94B
+15.6% YoY
14.60B
14.10B – 15.09B
+14.8% YoY
17.24B
16.93B – 17.55B
+18.1% YoY
19.67B
19.32B – 20.03B
+14.1% YoY
22.03B
21.63B – 22.43B
+12.0% YoY
EBIT
1.16B
est: -120.02M (+1,065.1%)
270.80M
est: -136.09M (+299.0%)
1.49B
est: 252.05M (+492.3%)
1.81B
est: 1.78B (+1.7%)
1.63B
est: 1.94B (-15.9%)
864.98M
est: 1.42B (-39.0%)
-4.72B
est: 1.59B (-396.7%)
1.08B
est: 1.57B (-31.4%)
1.62B
est: 5.63B (-71.2%)
1.85B
est: 9.75B (-81.0%)
10.50B
10.48B – 10.51B
+7.7% YoY
12.14B
11.92B – 12.36B
+15.6% YoY
13.93B
13.46B – 14.41B
+14.8% YoY
16.45B
16.16B – 16.75B
+18.1% YoY
18.78B
18.44B – 19.12B
+14.1% YoY
21.03B
20.65B – 21.41B
+12.0% YoY
Net Income
473.18M
est: 899.36M (-47.4%)
171.26M
est: 593.33M (-71.1%)
870.56M
est: 51.39M (+1,594.2%)
1.21B
est: 1.05B (+15.2%)
936.89M
est: 1.34B (-30.0%)
207.05M
est: 814.48M (-74.6%)
-5.32B
est: 914.49M (-682.3%)
532.54M
est: 902.70M (-41.0%)
905.83M
est: 1.27B (-28.9%)
1.19B
est: 1.35B (-12.3%)
1.58B
1.54B – 1.62B
+16.6% YoY
2.21B
2.16B – 2.27B
+40.2% YoY
2.83B
2.10B – 3.56B
+27.9% YoY
— – —
-100.0% YoY
— – —
— – —
SGA
910.88M
est: 707.51M (+28.7%)
1.40B
est: 802.22M (+74.4%)
1.49B
est: 3.40B (-56.1%)
1.10B
est: 3.62B (-69.7%)
690.29M
est: 4.62B (-85.0%)
560.73M
est: 3.01B (-81.4%)
801.43M
est: 3.38B (-76.3%)
906.18M
est: 3.34B (-72.9%)
2.53B
est: 1.45B (+73.9%)
1.50B
est: 2.50B (-40.1%)
2.69B
2.69B – 2.70B
+7.7% YoY
3.11B
3.06B – 3.17B
+15.6% YoY
3.58B
3.45B – 3.70B
+14.8% YoY
4.22B
4.15B – 4.30B
+18.1% YoY
4.82B
4.73B – 4.91B
+14.1% YoY
5.40B
5.30B – 5.49B
+12.0% YoY
EPS
7.22
est: 7.20 (+0.3%)
0.58
est: 4.75 (-87.8%)
10.38
est: 11.79 (-12.0%)
14.39
est: 14.40 (-0.1%)
11.16
est: 13.36 (-16.5%)
2.47
est: 5.00 (-50.6%)
-56.91
est: 9.27 (-714.1%)
5.07
est: 11.53 (-56.0%)
7.71
est: 10.20 (-24.4%)
9.97
est: 10.60 (-5.9%)
12.36
12.07 – 12.65
+16.6% YoY
17.33
16.92 – 17.73
+40.2% YoY
22.16
16.46 – 27.86
+27.9% YoY
— – —
-100.0% YoY
— – —
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
694.01M
OE per share TTM
5.55
Owner's Yield
2.50%
Maintenance CapEx ratio
61.64%
Maint CapEx / Avg PPE
18.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.05M
Shares Outstanding
124.94M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pritam Prakash Shah MD, Interim Chief Financial Officer & Executive Director 33M male
Devendra Prakash Shah Executive Chairman 33M male
Akshali Devendra Shah Senior Vice President of Strategy - Sales & Marketing and Executive Director 18M female
Chandrakant Kamane Head of HR male
Dhaval Pandya Head of Accounts & Control male
Pournima Surve Head of Corporate Communications & Public Relations female
Rahul Kumar Srivastava Chief Operating Officer male
Virendra Varma Company Secretary & Compliance Officer male
Binod Das Head of Sales male
Brian D'Penha Head of Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits