Parag Milk Foods Ltd
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.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 77 | 57 | 52 | 47 | 38 | 36 | 36 | 33 | 50 | 47 | 44 | 40 | 40 | 23 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 28 | 15 | 84 | 19 | 28 | 12 | 50 | 101 | 8 | 5 | 4 | 2 | 2 | 1 | 7 | 18 |
| Total Debt (INR Cr) | 645 | 606 | 523 | 384 | 400 | 240 | 291 | 261 | 389 | 545 | 556 | 491 | 413 | 325 | 243 | 197 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.71 | 0.75 | 0.94 | 0.41 | 0.44 | 0.29 | 0.41 | 0.42 | 1.07 | 4.40 | 5.72 | 6.04 | 7.13 | 8.33 | 4.08 | 3.86 |
| 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% |