Parag Milk Foods Ltd. (PARAGMILK) AI Stock Analysis

• Market Cap: ₹37.62B
• Dividend Yield: 0.31%
• Average Volume (3M): 144.83K
• Price to Earnings (P/E): 31.6
• Beta (1Y): 1.09
• Revenue Growth: 12.04%
• EPS Growth: 22.26%
• Country: IN
• Employees: 1,772
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 2.31
• Shares Outstanding: 119,375,840
• 10 Day Avg. Volume: 71,491
• 30 Day Avg. Volume: 144,829
• PEG Ratio: 0.61
• Price to Book (P/B): 2.08
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 24.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹352.00 ▲(9.97% Upside)

Parag Milk Foods Ltd. receives a score of 70, driven by strong financial performance and positive technical indicators. The stock's valuation is a concern due to a high P/E ratio and low dividend yield. The absence of earnings call and corporate events data limits further insights.

Parag Milk Foods Ltd. Business Overview & Revenue Model

Company Description

Parag Milk Foods Ltd. (PARAGMILK) is a leading Indian dairy company that specializes in the production and distribution of a wide range of dairy products. Established in 1992, the company operates across various sectors, including milk, cheese, butter, yogurt, and other value-added products. Parag Milk Foods is known for its flagship brand, 'Pride of Cows,' which offers premium quality milk sourced directly from farmers. The company is committed to quality, sustainability, and innovation, catering to both domestic and international markets.

How the Company Makes Money

Parag Milk Foods generates revenue primarily through the sale of its dairy products, which include liquid milk, cheese, yogurt, and ghee. The company operates on a business model that includes both direct sales and distribution through retail channels. Key revenue streams come from its branded products, particularly the 'Pride of Cows' premium milk and other value-added dairy items. Additionally, Parag Milk Foods has established significant partnerships with various retailers and distributors, enhancing its market reach. The company's commitment to quality and innovation, along with a growing consumer preference for healthy and nutritious dairy options, contributes to its earnings.

Parag Milk Foods Ltd. Financial Statement Overview

Summary

Parag Milk Foods Ltd. shows a positive turnaround with strong revenue growth and improved profitability. The balance sheet is stable, but reducing leverage could enhance resilience. Cash flow management is improving, but further strengthening is needed for sustained growth.

Income Statement

Parag Milk Foods Ltd. has shown strong revenue growth with a significant increase from 2022 to 2025. The Gross Profit Margin has improved over the years, reaching 25.8% in 2025. The Net Profit Margin also increased to 3.5% in 2025, showing profitability after previous years of losses. The EBIT and EBITDA margins have seen positive trends, indicating better operational efficiency. However, there's room for improvement in profit margins compared to industry leaders.

Balance Sheet

The company's Debt-to-Equity Ratio is at a reasonable level, showing a balanced approach to leveraging debt. The Return on Equity (ROE) has improved, reaching 11.6% in 2025, indicating efficient utilization of shareholders' funds. The Equity Ratio stands at 50.4% in 2025, reflecting a solid equity base. Despite improvements, the company should continue to focus on reducing debt to enhance financial stability.

Cash Flow

Free Cash Flow has turned positive with a significant growth rate of 132.4% from 2024 to 2025, indicating better cash management. The Operating Cash Flow to Net Income Ratio is strong, reflecting good cash conversion from earnings. However, the company should continue to strengthen its cash flow generation to support future growth and investment needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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

• Technical Analysis Sentiment: Positive
• Last Price: 320.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PARAGMILK, the sentiment is Positive. The current price of 320.1 is above the 20-day moving average (MA) of 299.21, above the 50-day MA of 280.50, and above the 200-day MA of 217.62, indicating a bullish trend. The MACD of 11.88 indicates Negative momentum. The RSI at 63.39 is Neutral, neither overbought nor oversold. The STOCH value of 64.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PARAGMILK.

Parag Milk Foods Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PARAGMILK	70 Outperform	₹37.62B	31.59	―	0.31%	12.04%	22.26%
ADFFOODS	68 Neutral	₹24.21B	34.51	―	0.54%	13.46%	-6.82%
GRMOVER	64 Neutral	₹26.10B	41.24	―	―	-4.20%	0.95%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TASTYBITE	60 Neutral	₹22.93B	61.16	―	0.02%	25.08%	127.80%
DIAMONDYD	54 Neutral	₹26.57B	-61.69	―	0.04%	1.76%	-214.88%

Parag Milk Foods Ltd. Corporate Events

Parag Milk Foods Ltd. Announces Trading Window Closure

Parag Milk Foods Ltd. has announced the closure of its trading window in compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015. This closure will be effective from October 1, 2025, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half-year ending September 30, 2025. This move is part of the company’s adherence to regulatory requirements and aims to maintain transparency and prevent insider trading.

Parag Milk Foods Converts FCCBs to Equity, Boosts Share Capital

Parag Milk Foods Ltd. announced the conversion of 10,680 Foreign Currency Convertible Bonds (FCCBs) into equity shares by the International Finance Corporation (IFC). This conversion results in the issuance of 57,33,713 fully paid-up equity shares, increasing the company’s total equity shares to 12,51,09,554. The conversion marks a significant financial restructuring for Parag Milk Foods, eliminating its outstanding FCCBs and potentially enhancing its equity base and market positioning.

Parag Milk Foods to Engage with Investors in Upcoming Conferences

Parag Milk Foods Ltd. has announced its participation in upcoming investor conferences, including a virtual group meeting through Kotak Securities and the Arihant Capital – Bharat Connect Conference. This engagement is part of the company’s efforts to maintain transparency and communication with investors, although no unpublished price-sensitive information will be shared during these events.

Parag Milk Foods Releases FY 2024-25 Annual Report and AGM Notice

Parag Milk Foods Ltd. has announced the availability of its Integrated Annual Report for the financial year 2024-25 and the Notice of its 33rd Annual General Meeting (AGM) scheduled for September 29, 2025. The company is emphasizing its commitment to digital communication by sending electronic copies of the report to shareholders with registered email addresses, while also providing web-links and QR codes for access. This move aligns with the company’s green initiative, encouraging stakeholders to update their contact information for seamless digital correspondence and potential dividend distribution.

Parag Milk Foods Announces Virtual AGM and Releases Annual Report

Parag Milk Foods Ltd. has announced its 33rd Annual General Meeting (AGM) scheduled for September 29, 2025, to be held virtually. The company has released its Integrated Annual Report for the financial year 2024-25, which is available online. The AGM will include discussions on various business matters, and shareholders can participate through remote e-voting. This move reflects the company’s compliance with regulatory requirements and its commitment to transparency with stakeholders.