Parag Milk Foods Ltd

Parag Milk Foods Ltd

Next 500 2024
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+ 8 More
OVERVIEW
FINANCIALS

About

Parag Milk Foods is associated with the dairy industry to provide a wide range of products under its 4 key brands. These brands are Gowardhan, Go, Topp Up, and Pride of Cows. Gowardhan is widely known for its ghee, but it also offers milk, paneer, curd, butter, dairy whitener, and gulab jamun mix. Go is popular for its cheese products, such as slices, wedges, spreads, and angles, along with Go slim milk and flavoured yoghurt. Pride of Cows is a first-of-its-kind farm-to-home milk production brand with a production capacity of 25,000 litres every day. Topp Up offers protein-filled flavoured milk in 6 distinct flavours—Elaichi, Mango, Rose, Strawberry, Butterscotch, and Pista. Through its processing units at Manchar, Palamner, and the Bhagyalaxmi Dairy Farm, Parag Milk Foods is able to churn out 10 metric tonnes of butter and yoghurt, 25 metric tonnes of ghee, and 40 metric tonnes of cheese per day.

Incorporation Year: 1992
Headquarters: Pune
Top Management: Devendra Shah
Industry: Food & Agri Products

Featured In Fortune India Ranking

Fortune 500 India
#416(2020)
#464(2019)
#492(2017)
#416(2020)#464(2019)#492(2017)
Ranking Trend Fortune 500 India
Next 500 India
#64(2024)#147(2023)#7(2022)#12(2019)#1(2017)#67(2016)
#64(2024)#147(2023)#7(2022)#12(2019)#1(2017)#67(2016)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,219
(INR Cr)
Net Operating Income
3,139
(INR Cr)
Assets
1,560
(INR Cr)
Profit
91
(INR Cr)
Net Worth
912
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
3219
7.0%
3010
60.9%
1870
-2.3%
1914
-26.9%
2620
8.4%
2418
22.6%
1972
3.8%
1899
11.1%
1709
16.5%
1467
28.7%
1140
23.4%
924
0.2%
923
32.8%
694
37.9%
504
48.1%
340
-
Net Operating Income
(INR Cr)
3139
8.51%
2893
39.62%
2072
12.49%
1842
-24.45%
2438
1.76%
2396
22.57%
1955
12.93%
1731
5.20%
1645
13.92%
1444
32.70%
1088
17.64%
925
2.81%
900
36.69%
658
30.76%
503
49.66%
336
0.00%
Profit
(INR Cr)
91
70.1%
53
-
-533
-
21
-77.9%
94
-22.4%
121
38.7%
87
1729.0%
5
-89.9%
47
46.9%
32
101.7%
16
-23.1%
21
9.9%
19
-
0
-
9
-1.3%
9
-
Assets
(INR Cr)
1560
10.0%
1418
30.0%
1091
-17.6%
1325
-0.2%
1327
23.8%
1072
5.7%
1014
12.7%
900
17.0%
769
11.4%
690
3.8%
665
16.1%
573
21.6%
471
29.2%
365
20.3%
303
22.1%
248
-
Net Worth
(INR Cr)
912
12.9%
808
45.8%
554
-40.3%
928
1.9%
911
10.2%
827
16.1%
712
14.0%
625
72.7%
362
192.1%
124
27.5%
97
19.6%
81
40.3%
58
48.4%
39
-34.6%
60
16.7%
51
0.0%
Employee Cost
(INR Cr)
116
18.8%
98
17.2%
84
7.0%
78
-18.6%
96
1.2%
95
29.2%
74
9.9%
67
-0.4%
67
17.3%
57
19.7%
48
20.1%
40
33.0%
30
56.3%
19
-
0
-
0
-
Interest Cost
(INR Cr)
775752473836363350474440402300
Cash & Bank Balance
(INR Cr)
28158419281250101854221718
Total Debt
(INR Cr)
645606523384400240291261389545556491413325243197

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 2.8%1.8%-1.1%3.6%5.0%4.4%0.3%2.8%2.2%1.4%2.3%2.1%-1.7%2.6%
Profit As % Of Assets 5.8%3.8%-1.6%7.1%11.3%8.6%0.5%6.2%4.7%2.4%3.6%4.0%-2.8%3.5%
Profit As % Of Networth 9.9%6.6%-2.2%10.3%14.6%12.2%0.8%13.1%26.0%16.4%25.6%32.6%-14.3%17.0%
Interest Cost to EBITDA % 38.8%47.3%-38.1%18.1%16.0%18.5%48.8%33.5%43.8%53.1%48.3%48.6%44.9%--
Debt to Equity Ratio 0.710.750.940.410.440.290.410.421.074.405.726.047.138.334.083.86
RONW 10.0%7.3%-2.3%10.8%15.7%13.0%-5.1%19.5%33.6%17.9%29.9%39.0%-15.4%17.0%
ROCE 10.6%8.3%0.0%6.6%13.8%17.6%16.2%6.7%16.0%12.8%9.1%11.4%14.5%8.9%3.1%3.5%