Dodla Dairy Ltd. (IN:DODLA)
:DODLA
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Dodla Dairy Ltd.
(DODLA)
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Rating:63Neutral
Price Target:
₹1,098.00
▼(-10.07% Downside)
Action:Reiterated
Date:05/20/26
The score is supported primarily by strong financial health and low leverage, but is meaningfully held back by weak technicals (price below major moving averages and negative momentum) and only moderate valuation support given the mid-range P/E and low dividend yield.
Positive Factors
Conservative balance sheet
A very low debt-to-equity ratio and growing equity give Dodla substantial financial flexibility and low default risk. This conservatism supports capital spending for cold chain and plant upgrades, cushions commodity shocks, and permits strategic investments or M&A without stressing liquidity over the medium term.
Negative Factors
Margin volatility
Material swings in gross and operating margins undermine earnings predictability and strain ability to reinvest. For a low-margin dairy business, repeated margin deterioration can erode returns on capital, limit free cash flow upside, and force pricing or cost actions that may weaken volume or brand positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt-to-equity ratio and growing equity give Dodla substantial financial flexibility and low default risk. This conservatism supports capital spending for cold chain and plant upgrades, cushions commodity shocks, and permits strategic investments or M&A without stressing liquidity over the medium term.
Read all positive factors
Dodla Dairy Ltd. (DODLA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹61.69B
Dividend Yield0.4%
Average Volume (3M)1.77K
Price to Earnings (P/E)21.9
Beta (1Y)1.11
Revenue Growth10.89%
EPS Growth2.28%
CountryIN
Employees2,897
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)43.11
Shares Outstanding60,327,810
10 Day Avg. Volume1,242
30 Day Avg. Volume1,770
Financial Highlights & Ratios
PEG Ratio9.59
Price to Book (P/B)3.50
Price to Sales (P/S)1.42
P/FCF Ratio39.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)55.16
Revenue Forecast (FY)₹46.95B
Dodla Dairy Ltd. Business Overview & Revenue Model
Company Description
Dodla Dairy Limited, together with its subsidiaries, produces and sells milk and milk products in India and internationally. The company offers toned, standardized, full cream, ultrahigh temperature processed (UHT)-toned, and UHT-double toned milk...
How the Company Makes Money
Dodla Dairy makes money by converting procured raw milk into branded and non-branded dairy products and selling them through a distribution network to consumers and institutions.
Key revenue streams:
1) Liquid milk sales: A major portion of reven...
Dodla Dairy Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.37B | 41.25B | 37.20B | 31.25B | 28.12B | 22.42B |
| Gross Profit | 9.73B | 7.71B | 10.21B | 5.39B | 4.05B | 5.90B |
| EBITDA | 3.95B | 3.08B | 3.81B | 3.17B | 2.15B | 2.25B |
| Net Income | 2.60B | 2.67B | 2.60B | 1.67B | 1.22B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 19.34B | 20.96B | 17.31B | 14.78B | 12.51B | 10.88B |
| Cash, Cash Equivalents and Short-Term Investments | 5.69B | 5.63B | 7.32B | 2.87B | 3.15B | 2.38B |
| Total Debt | 553.33M | 569.95M | 424.34M | 457.87M | 323.26M | 128.73M |
| Total Liabilities | 4.01B | 4.21B | 3.25B | 3.39B | 2.79B | 2.45B |
| Stockholders Equity | 15.31B | 16.74B | 14.06B | 11.39B | 9.72B | 8.43B |
Cash Flow | ||||||
| Free Cash Flow | 946.78M | 1.49B | 4.10B | -1.07B | 523.37M | 993.84M |
| Operating Cash Flow | 1.72B | 3.11B | 5.20B | -7.12M | 1.61B | 1.71B |
| Investing Cash Flow | -1.18B | -3.03B | -5.28B | 300.17M | -2.14B | -1.38B |
| Financing Cash Flow | -179.61M | -234.87M | -77.02M | -12.50M | 145.91M | -488.78M |
Dodla Dairy Ltd. Technical Analysis
Negative
1220.95
Price Trends
1056.95
Negative
1127.85
Negative
1216.03
Negative
Market Momentum
-11.67
Positive
40.83
Neutral
22.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DODLA, the sentiment is Negative. The current price of 1220.95 is above the 20-day moving average (MA) of 1088.04, above the 50-day MA of 1056.95, and above the 200-day MA of 1216.03, indicating a bearish trend. The MACD of -11.67 indicates Positive momentum. The RSI at 40.83 is Neutral, neither overbought nor oversold. The STOCH value of 22.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DODLA.
Dodla Dairy Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹61.69B | 21.94 | ― | 0.40% | 10.89% | 2.28% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹208.49B | 89.83 | ― | 0.61% | 14.48% | 27.72% | |
57 Neutral | ₹30.45B | 18.12 | ― | 0.54% | 9.47% | -20.12% |
* Consumer Defensive Sector Average
IN:DODLA
Dodla Dairy Ltd.
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Dodla Dairy Ltd. Corporate Events
ICRA Reaffirms High Credit Ratings on Dodla Dairy’s Rs 350 Crore Bank Facilities
Apr 2, 2026
Dodla Dairy Limited has announced that rating agency ICRA has reaffirmed its strong credit profile on bank facilities totaling Rs 350 crore. The company’s long-term fund-based term loans and cash credit limits have been rated [ICRA]AA with a...
Dodla Dairy Announces Retirement of Head of Production Effective March 2026
Mar 31, 2026
Dodla Dairy Ltd. has announced that its Head of Production, Mr. Laxma Reddy A, will retire from the company upon attaining the age of superannuation, effective from the close of business on 31 March 2026. The company has formally recorded this lea...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.