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PARAG MILK FOODS LIMITED

Active
Updated: 05 Nov 2024

The company manufactures, and sells milk and milk related products

Parag Milk Foods Limited, is an unlisted public company incorporated on 29 December, 1992. It is classified as a public limited company and is located in Pune, Maharashtra. It's authorized share capital is INR 200.00 cr and the total paid-up capital is INR 119.38 cr.

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Industry

Manufacturing (Food products and beverages)
Products
  • paneer, milk, dahi, curd, dairy whitener, butter, ghee, and gulab jamun mix products
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
8.29%
₹ 3,089.8
EBITDA
42.94%
₹ 198.6
Net Profit
34.23%
₹ 91.9
Networth
12.9%
₹ 923.7
Borrowings
2.04%
₹ 537.7
Assets
11.58%
₹ 1,766.3
Gross Margin
3.74
22.9 %
Operating Margin
1.56
6.4 %
Net Profit Margin
0.6
3.0 %
Return on Equity
1.58
9.9 %
ROCE
5.21
14.8 %
Debt to Equity
-0.06
0.6
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (92)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW CASH BALANCE
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Heritage Foods Limited Telangana
Dodla Dairy Limited Telangana
Vrs Foods Limited Delhi
Schreiber Dynamix Dairies Private Limited Maharashtra

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 2,391.3 1,791.7 2,025.6 2,853.2 3,089.8
Operating profit 211.7 126.7 -428.7 139.0 198.6
Net profit 90.6 17.5 -529.2 68.5 91.9
Gross margin 25.0 25.2 -1.6 19.1 22.9
Operating margin 8.8 7.1 -21.2 4.9 6.4
Net margin 3.8 1.0 -26.0 2.4 3.0
Networth 906.1 919.8 549.1 818.2 923.7
Borrowings 364.9 333.4 472.0 527.0 537.7
Assets 1,659.3 1,638.2 1,320.7 1,583.0 1,766.3
Debt to equity 0.4 0.4 0.9 0.6 0.6
Current ratio 1.7 1.7 1.7 2.0 2.0
ROE 10.0 1.9 -96.4 8.4 9.9
Days payable 60.0 79.0 37.0 21.0 29.0
WC days 72.0 100.0 64.0 73.0 77.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 83.9 83.9 95.2 117.2 119.2
Reserves 822.2 835.9 453.9 701.0 804.5
Borrowings + 364.9 333.4 472.0 527.0 537.7
Long term borrowings 48.1 20.9 230.6 204.6 183.1
Short term borrowings 316.7 312.6 241.4 322.4 354.6
Trade payables + 296.7 288.8 208.1 129.8 186.1
Days payable 60.0 79.0 37.0 21.0 29.0
Other liabilities + 388.4 385.0 299.6 237.8 304.8
Other non-current liabilities 15.3 12.4 16.3 13.0 13.2
Other current liabilities 76.4 83.8 75.2 95.1 105.5
Total liabilities 1,659.3 1,638.2 1,320.7 1,583.0 1,766.3
Fixed Assets + 405.0 381.6 352.8 320.0 318.2
Tangible assets 382.3 378.8 349.5 311.2 307.7
CWIP 6.7 0.9 2.8 8.6 9.7
Intangible assets 16.1 1.9 0.4 0.2 0.9
LT loans and advances - - - 31.5 2.9
Other non-current assets 94.7 82.9 87.7 115.5 148.6
Current assets + 1,159.6 1,173.7 880.3 1,115.9 1,296.5
Inventories 626.8 687.3 468.2 558.3 598.3
Trade receivables 299.5 155.9 119.7 159.9 235.3
Cash and cash equivalents 21.3 6.5 79.3 13.0 10.0
ST loans and advances - - - - -
Other current assets 212.0 323.9 213.1 384.7 452.9
Total assets 1,659.3 1,638.2 1,320.7 1,583.0 1,766.3
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,391.3 1,791.7 2,025.6 2,853.2 3,089.8
Sales growth % 1.92 -25.07 13.05 40.86 8.29
Expenses + 2,269.0 1,759.9 2,552.3 2,821.2 3,015.7
Cost of goods 1,793.0 1,340.1 2,058.5 2,307.2 2,382.8
Employee cost 93.1 75.3 77.3 88.2 104.4
Other costs 293.5 249.6 318.5 318.9 404.0
Operating profit + 211.7 126.7 -428.7 139.0 198.6
Operating margin % 8.8 7.1 -21.2 4.9 6.4
Other income 2.9 6.8 9.0 35.2 8.8
Interest 38.0 45.5 47.0 52.9 68.8
Depreciation 51.4 49.4 50.9 54.1 55.7
Exceptional items - - - - -
Profit before tax 125.2 38.7 -517.7 67.2 82.8
Tax 34.6 21.2 11.4 -1.3 -9.1
Profit - disc. ops - - - - -
Net profit 90.6 17.5 -529.2 68.5 91.9
Net margin % 3.8 1.0 -26.0 2.4 3.0
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.4 0.4 0.9 0.6 0.6
Net Debt/Equity 0.4 0.4 0.7 0.6 0.6
Total Debt/Assets 0.2 0.2 0.4 0.3 0.3
Total Assets/Equity 1.8 1.8 2.4 1.9 1.9
Liquidity +
Current Ratio 1.7 1.7 1.7 2.0 2.0
Quick Ratio 0.8 0.7 0.8 1.0 1.1
Interest Coverage 5.6 2.8 -9.1 2.6 2.9
Performance
Gross Margin 25.0 25.2 -1.6 19.1 22.9
Operating Margin 8.8 7.1 -21.2 4.9 6.4
Net Margin 3.8 1.0 -26.0 2.4 3.0
Return +
Return on Equity 10.0 1.9 -96.4 8.4 9.9
Pre-tax ROCE 18.3 8.9 -67.7 9.6 14.8
Return on Assets 5.5 1.1 -40.1 4.3 5.2
Pre-tax ROIC 12.8 6.2 -50.9 6.4 9.8
Efficiency +
Days Payable 60.0 79.0 37.0 21.0 29.0
Days Inventory 128.0 187.0 83.0 88.0 92.0
Days Receivable 46.0 32.0 22.0 20.0 28.0
Fixed Asset Turnover 5.9 4.7 5.7 8.9 9.7
Total Asset Turnover 1.4 1.1 1.5 1.8 1.8
Working Capital
Cash Conversion Cycle 114.0 140.0 68.0 87.0 91.0
Working Capital Days 72.0 100.0 64.0 73.0 77.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Union Bank of India

No. of Loans: 3

Total Amount : 764.0 cr

2

IDBI Trusteeship Services Limited

No. of Loans: 1

Total Amount : 150.0 cr

3

International Finance Corporation

No. of Loans: 1

Total Amount : 87.2 cr

4

State Bank of India

No. of Loans: 1

Total Amount : 1.5 cr

5

HDFC Bank Limited

No. of Loans: 1

Total Amount : 0.9 cr

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Charges

Union Bank of India
IDBI Trusteeship Services Limited
International Finance Corporation
State Bank of India
Others

People

Designation Name DIN/PAN Tenure
Director Radhika Madhukar Dudhat 00016712 10 years
Director Narendra Kumar Anand Ambwani
Shareholder
00236658 10 years
Managing Director Pritam Prakash Shah
Shareholder
01127247 32 years
Kmp Pritam Prakash Shah <HIDDEN> 2 years
Whole-time Director Devendra Prakash Shah
Shareholder
01127319 32 years
Director Nikhil Kishorchandra Vora
Shareholder
05014606 4 years
Whole-time Director Akshali Shah 06575079 2 years
Director Nitin Ramchandra Dhavalikar 07239870 10 years
Director Dnyanesh Vishnu Darshane 08515431 2 years
CS Virendra Lalbahadur Varma
Shareholder
<HIDDEN> 2 years

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Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
BHAGYALAXMI DAIRY FARMS PRIVATE LIMITED Maharashtra 2003 ₹ 7.8 Cr

Registered Details

CIN

L15204PN1992PLC070209

PAN

AABCP0425G

Incorporation

1992, 32.3 years

Company Email

cs@parag.com

Paid up Capital

₹ 119.4 Cr

Authorised Capital

₹ 200.0 Cr

AGM

Sep 2023

Type

Public
Non-government Company

FAQ - PARAG MILK FOODS LIMITED

What is the incorporation date of PARAG MILK FOODS LIMITED?

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The incorporation date of PARAG MILK FOODS LIMITED is 29 December, 1992

What is the authorized share capital of PARAG MILK FOODS LIMITED?

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The authorized share capital of PARAG MILK FOODS LIMITED is INR ₹ 200.0 Cr.

What is the paid-up capital of PARAG MILK FOODS LIMITED?

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The paid-up capital of PARAG MILK FOODS LIMITED is INR ₹ 119.4 Cr.

What is the registered address of PARAG MILK FOODS LIMITED?

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The registered address of PARAG MILK FOODS LIMITED is Flat No.1,Plot No.19,Nav Rajasthan Soc., behind Ratna Memo rial Hospital,S.B. Road, Shiva ji Nagar NA Pune Maharashtra - 411016

What is the CIN number of PARAG MILK FOODS LIMITED?

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The CIN number of PARAG MILK FOODS LIMITED is L15204PN1992PLC070209.

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