Parag Milk Foods Ltd. (IN:PARAGMILK)
:PARAGMILK
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Parag Milk Foods Ltd.
(PARAGMILK)
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Rating:61Neutral
Price Target:
₹204.00
▼(-30.82% Downside)
Action:ReiteratedDate:02/14/26
The score is driven primarily by improving financial performance (revenue growth, margin expansion, and better cash generation). This is offset by weak technical momentum with the price below major moving averages and negative MACD. Valuation is acceptable but not compelling given the low dividend yield.
Positive Factors
Revenue growth momentum
Consistent revenue growth into 2025 indicates expanding market penetration and successful shift toward higher‑value dairy products. A durable revenue trajectory supports scale, enables further investment in brands and distribution, and underpins longer‑term margin expansion if the value‑added mix holds.
Negative Factors
Leverage reduction needed
The balance sheet commentary highlights remaining debt and the need to reduce leverage. Persistent indebtedness can constrain capital allocation, increase interest expense sensitivity, and limit ability to invest in distribution or margin‑accretive initiatives, reducing long‑run optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth momentum
Consistent revenue growth into 2025 indicates expanding market penetration and successful shift toward higher‑value dairy products. A durable revenue trajectory supports scale, enables further investment in brands and distribution, and underpins longer‑term margin expansion if the value‑added mix holds.
Read all positive factors
Parag Milk Foods Ltd. (PARAGMILK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.02B
Dividend Yield0.33%
Average Volume (3M)144.83K
Price to Earnings (P/E)30.6
Beta (1Y)0.99
Revenue Growth14.72%
EPS Growth22.61%
CountryIN
Employees1,772
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)2.50
Shares Outstanding125,109,550
10 Day Avg. Volume71,491
30 Day Avg. Volume144,829
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)2.08
Price to Sales (P/S)0.62
P/FCF Ratio24.10
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)17.33
Revenue Forecast (FY)₹44.85B
Parag Milk Foods Ltd. Business Overview & Revenue Model
Company Description
Parag Milk Foods Limited processes, manufactures, and sells milk and milk related products in India. It offers ghee, milk, paneer, curd, butter, dairy whitener, and gulab jamun mix products under the Gowardhan brand; and flavored cheese wedges, sp...
How the Company Makes Money
Parag Milk Foods makes money primarily by selling dairy and dairy-derived consumer products, earning revenue when it converts procured raw milk into higher-value branded and value-added products and sells them through distribution channels. Key re...
Parag Milk Foods Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.26B | 34.32B | 31.39B | 28.54B | 20.55B | 18.26B |
| Gross Profit | 8.99B | 8.85B | 7.34B | 5.42B | -2.43B | 4.27B |
| EBITDA | 2.83B | 2.53B | 2.23B | 1.65B | -4.17B | 1.38B |
| Net Income | 1.19B | 1.19B | 905.83M | 532.54M | -5.32B | 207.05M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.33B | 18.91B | 16.68B | 13.95B | 16.83B |
| Cash, Cash Equivalents and Short-Term Investments | 250.50M | 250.50M | 275.74M | 152.97M | 840.05M | 186.51M |
| Total Debt | 0.00 | 6.54B | 6.45B | 6.06B | 5.34B | 3.92B |
| Total Liabilities | -10.23B | 10.09B | 9.79B | 8.60B | 8.41B | 7.54B |
| Stockholders Equity | 10.23B | 10.23B | 9.12B | 8.08B | 5.54B | 9.28B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 881.90M | 379.28M | -2.55B | -1.85B | 555.97M |
| Operating Cash Flow | 0.00 | 2.12B | 991.13M | -1.94B | -1.49B | 999.52M |
| Investing Cash Flow | 0.00 | -1.32B | -529.30M | -875.59M | -196.81M | -468.31M |
| Financing Cash Flow | 0.00 | -783.50M | -494.23M | 2.12B | 2.41B | -685.54M |
Parag Milk Foods Ltd. Technical Analysis
Neutral
294.90
Price Trends
208.98
Positive
253.50
Negative
259.37
Negative
Market Momentum
2.71
Negative
61.22
Neutral
92.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PARAGMILK, the sentiment is Neutral. The current price of 294.9 is above the 20-day moving average (MA) of 200.41, above the 50-day MA of 208.98, and above the 200-day MA of 259.37, indicating a neutral trend. The MACD of 2.71 indicates Negative momentum. The RSI at 61.22 is Neutral, neither overbought nor oversold. The STOCH value of 92.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PARAGMILK.
Parag Milk Foods Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹29.05B | 24.99 | ― | 0.57% | 10.52% | 1.42% | |
65 Neutral | ₹30.56B | 38.77 | ― | ― | 0.04% | 16.37% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹28.02B | 30.64 | ― | 0.33% | 14.72% | 22.61% | |
60 Neutral | ₹17.81B | 28.74 | ― | 0.02% | 6.63% | 61.61% | |
58 Neutral | ₹23.69B | 236.15 | ― | 0.04% | 0.58% | 66.16% |
* Consumer Defensive Sector Average
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Parag Milk Foods Ltd. Corporate Events
Parag Milk Foods Confirms No Deviation in Use of Warrant Proceeds
Feb 5, 2026
Parag Milk Foods Limited has reported that there was no deviation or variation in the use of funds raised through the issuance of Convertible Share Warrants amounting to INR 40.30 crore on May 23, 2025. For the quarter ended December 31, 2025, the...
Parag Milk Foods Posts Q3 FY26 Earnings Call Audio on Website
Feb 5, 2026
Parag Milk Foods Ltd. has notified stock exchanges that the audio recording of its earnings conference call discussing financial and operational performance for the quarter and nine months ended 31 December 2025 has been made available on the comp...
Parag Milk Foods to Engage Investors at Systematix Conference in Mumbai
Feb 5, 2026
Parag Milk Foods Limited has announced that it will participate in the Systematix Conference on February 10, 2026, in Mumbai, where company representatives will hold one-on-one and group meetings with analysts and investors in a physical format. T...
Parag Milk Foods Files Monitoring Report on Preferential Issue Fund Utilisation
Feb 5, 2026
Parag Milk Foods Ltd. has submitted a monitoring agency report for the quarter ended December 31, 2025, detailing the utilisation of funds raised through a preferential issue of convertible share warrants completed on May 23, 2025. The report, pre...
Parag Milk Foods Posts Record Quarterly Revenue, New Age Brands Power Growth
Feb 4, 2026
Parag Milk Foods reported its highest-ever quarterly revenue in the quarter ended 31 December 2025, with consolidated revenue rising 14% year-on-year to Rs 1,013 crore on the back of 8% volume growth, led by 12% volume and 21% value growth in core...
Parag Milk Foods Releases Investor Presentation on Q3 and Nine-Month FY2025 Results
Feb 4, 2026
Parag Milk Foods Limited has released an investor presentation detailing its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The presentation, prepared in line with SEBI disclosure r...
Parag Milk Foods Releases Investor Presentation on Q3 and Nine-Month FY2025 Results
Feb 4, 2026
Parag Milk Foods Ltd. has released an investor presentation detailing its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The presentation, which will be used for a post-earnings con...
Parag Milk Foods Board Addresses Exchange Fines Over Minor Compliance Delay
Feb 4, 2026
Parag Milk Foods Limited has disclosed that it received notices on December 16, 2025 from the National Stock Exchange of India and BSE Limited imposing a fine for a marginal delay in complying with Regulation 23(9) of the SEBI (Listing Obligations...
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.