Parag Milk Foods financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹945cr+10.9% on Q1 FY26
Net profit
₹22.1cr−20.1% on Q1 FY26
EBITDA margin
7.2%+0.4 pts on Q1 FY26
EPS
₹1.76−23.8% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue945852+10.9%
EBITDA68.357.9+17.9%
EBITDA margin7.2%6.8%+0.4 pts
Profit before tax29.329.2+0.4%
Net profit22.127.6−20.1%
EPS₹1.76₹2.31−23.8%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹945 crNet profit₹22.1 crNet margin2.3%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
3,062————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
3.33.311.910.613.8
540540615612589
3,599————
3,9113,8183,4323,1392,893
—+11.2%+9.4%+8.5%—
267257253197133
6.8%6.7%7.4%6.3%4.6%
19418618513775.6
13013511990.653.3
3.3%3.5%3.5%2.9%1.8%
₹10.36₹10.80₹9.50₹7.25₹4.26
—+13.7%+31.1%+70.1%—
—14921299.1−194
—−109−126−61.2−60.9
40.240.286.537.9−255
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

PARAGMILK₹244.95

Parag Milk Foods Limited

· FMCG & Retail
₹ CrorePeersVADILALINDDODLAKWILHATSUNMLKFOODVADILENTMcap ₹3,062 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————3,062.1
- Cash, Equiv & ST Investments13.810.611.93.33.3
+ Total Debt589.4611.8615.5540.4540.4
Enterprise Value————3,599.3
Revenue2,892.63,138.73,432.23,817.53,910.6
Growth %, YoY—+8.5+9.4+11.2—
EBITDA132.9197.1252.7256.8267.1
Margin %4.596.287.366.736.83
EBIT75.6136.9185.5186.0194.3
Net Income53.390.6118.8135.1129.5
Margin %1.842.893.463.543.31
EPS, Adj (current shares)4.267.259.5010.8010.36
Growth %, YoY—+70.1+31.1+13.7—
Cash from Operations-194.099.1212.0149.5—
Capital Expenditures-60.9-61.2-125.5-109.3—
Free Cash Flow-255.037.986.540.240.2
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Parag Milk Foods financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Parag Milk Foods (NSE: PARAGMILK) had a market capitalisation of ₹3,062 crore at the previous close (₹244.95 a share), a PE ratio of 23.6 on the last four quarters' profit and a price-to-book ratio of 2.43. In FY26 its consolidated net profit was ₹135 crore on revenue of ₹3,818 crore; in Q1 FY27 (April–June 2026) it was ₹22.1 crore, down 20.1% year on year. Its debt-to-equity ratio was 0.43 on 31 March 2026. Promoters held 40.49% of the shares on 30 September 2026.

Share price used
₹244.95 · previous close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Parag Milk Foods at a glance · consolidated

Market cap
₹3,062 Crat ₹244.95 · previous close
PE ratio (last 4 quarters)
23.622.7 on FY26 profit
Price to book (PB)
2.43book value ₹100.68 a share
ROE (FY26)
11.8%−0.4 pts vs FY25ROCE 13.2%
Debt to equity
0.43net debt ₹522 Cr
Promoter holding
40.49%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.45%₹1.10 a share in 12 months
Net worth
₹1,259 Cr+23.0% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹40.2 Cr−53.5% vs FY25

Questions

What is the Parag Milk Foods PE ratio today?

Parag Milk Foods' PE ratio is 23.6 at the previous close (₹244.95 a share): a market capitalisation of ₹3,062 crore divided by consolidated net profit of ₹130 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹135 crore) it is 22.7.

What is the Parag Milk Foods debt to equity ratio?

Parag Milk Foods' debt-to-equity ratio was 0.43 on 31 March 2026: borrowings of ₹540 crore against total equity of ₹1,259 crore. A year earlier, on 31 March 2025, it was 0.60.

What is the Parag Milk Foods net worth?

Parag Milk Foods' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,259 crore on 31 March 2026, up 23.0% from ₹1,023 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,062 crore at the previous close.

What is the Parag Milk Foods PB ratio (price to book value)?

Parag Milk Foods' price-to-book (PB) ratio is 2.43 at the previous close: a market capitalisation of ₹3,062 crore divided by shareholders' equity (book value) of ₹1,259 crore on 31 March 2026. That is a book value of ₹100.68 per share against a share price of ₹244.95.

What is the Parag Milk Foods ROE and ROCE?

In FY26, Parag Milk Foods' return on equity (ROE) was 11.8% and its return on capital employed (ROCE) was 13.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.3% and ROCE 14.8%.

What is the Parag Milk Foods book value per share?

Parag Milk Foods' book value per share was ₹100.68 on 31 March 2026: shareholders' equity of ₹1,259 crore divided by the 12.5 crore shares in issue, up 17.3% from ₹85.86 a year earlier. The share price at the previous close was ₹244.95.

What is the Parag Milk Foods market cap?

Parag Milk Foods' market capitalisation was ₹3,062 crore at the previous close: 12.5 crore shares at ₹244.95 each.

What is the Parag Milk Foods EPS?

Parag Milk Foods' basic earnings per share (EPS) were ₹11.06 in FY26, against ₹9.97 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹10.54.

What is the Parag Milk Foods dividend in 2026 and its record date?

In 2026, Parag Milk Foods has declared one dividend: ₹1.10 with record date 22 September 2026.

Is Parag Milk Foods debt free?

No. Parag Milk Foods had borrowings of ₹540 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.43. Its cash and current investments were ₹18.3 crore, so its net debt was ₹522 crore.

What is the Parag Milk Foods dividend yield?

Parag Milk Foods' dividend yield is 0.45% at the previous close: dividends of ₹1.10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹244.95. They were ₹1.10 on 22 September 2026.

What is the Parag Milk Foods promoter holding?

Promoters held 40.49% of Parag Milk Foods on 30 September 2026, unchanged from the previous quarter and down 2.12 percentage points from 42.61% a year earlier, according to the shareholding pattern filed with NSE.

What is the Parag Milk Foods shareholding pattern?

On 30 September 2026, Parag Milk Foods' shares were held by promoters 40.49%, foreign portfolio investors (FII/FPI) 7.59%, domestic institutions (DII) 2.87% (including mutual funds at 0.00%) and retail and other non-institutional investors 48.67%. Over the year, FII holding was down 2.32 percentage points from 9.91% and DII holding was down 3.75 percentage points from 6.62%.

What is the Parag Milk Foods revenue and profit in FY26?

In FY26 (April 2025–March 2026), Parag Milk Foods' consolidated net profit was ₹135 crore, up 13.7% from ₹119 crore in FY25, on revenue from operations of ₹3,818 crore (up 11.2%). Over three years, from FY23, net profit was up 153.6%.

How does Parag Milk Foods compare with its peers?

On FY26 consolidated figures, against Vadilal Industries, Dodla Dairy and Kwality Wall's: Parag Milk Foods' operating margin of 4.9% is the third highest of the four (Vadilal Industries 13.3%, Dodla Dairy 5.5%, Kwality Wall's −12.6%; peer average 2.1%); its return on equity of 11.8% is the third highest of the four (Vadilal Industries 22.0%, Dodla Dairy 17.3%, Kwality Wall's −54.9%; peer average −5.2%).

What is the Parag Milk Foods free cash flow?

In FY26, Parag Milk Foods generated ₹149 crore of cash from operations and spent ₹109 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹40.2 crore. In FY25 it was ₹86.5 crore.

What are the Parag Milk Foods latest quarterly results?

Parag Milk Foods' latest results are for Q1 FY27 (April–June 2026): consolidated net profit ₹22.1 crore, down 20.1% from ₹27.6 crore in Q1 FY26; revenue from operations ₹945 crore, up 10.9% year on year.

Parag Milk Foods vs Vadilal Industries: how do they compare?

In FY26, Parag Milk Foods earned net profit of ₹135 crore on revenue of ₹3,818 crore, against ₹170 crore on ₹1,503 crore for Vadilal Industries. Parag Milk Foods' operating margin was 4.9% (Vadilal Industries 13.3%) and its return on equity 11.8% (Vadilal Industries 22.0%).

When are the Parag Milk Foods next results?

Parag Milk Foods will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.

Where do these Parag Milk Foods figures come from?

From Parag Milk Foods' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.