Modern Dairies Ltd

Modern Dairies Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Modern Dairies Ltd

₹ 52.0 0.58%
24 Jul - close price
moderndairies.com BSE: 519287
About

Incorporated in 1992, Modern Dairies Ltd manufactures and sells wide range of milk and milk products

Key Points

Business Overview:[1]
Company's milk processing capacity is 3.25 lakh+ liter per day. For liquid milk, company has a tie-up with Mother Dairy for complete off-take of 2 LLPD. Ghee is sold through company’s own retail channel and through bulk sales under brand name SHWETA and MODERN DAIRIES

Website BSE
  • Market Cap ₹ 121 Cr.
  • Current Price ₹ 52.0
  • High / Low ₹ 61.2 / 16.4
  • Stock P/E 8.11
  • Book Value ₹ -26.5
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -8.40% over past five years.
  • Promoters have pledged 100.0% of their holding.
  • Earnings include an other income of Rs.19.8 Cr.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
81.21 71.34 57.93 61.84 50.15 43.80 42.29 49.31 80.92 82.71 80.18 99.95 97.83
80.05 69.51 55.87 58.82 46.49 40.86 37.66 45.90 76.33 79.09 76.64 93.76 90.36
Operating Profit 1.16 1.83 2.06 3.02 3.66 2.94 4.63 3.41 4.59 3.62 3.54 6.19 7.47
OPM % 1.43% 2.57% 3.56% 4.88% 7.30% 6.71% 10.95% 6.92% 5.67% 4.38% 4.42% 6.19% 7.64%
-22.69 0.22 0.07 0.08 0.53 0.57 0.39 1.11 0.35 0.43 19.76 0.14 0.33
Interest 0.03 0.01 0.00 0.00 0.07 0.00 0.00 1.02 1.46 1.32 1.05 0.76 0.69
Depreciation 18.24 1.59 1.63 1.61 1.61 0.86 0.78 0.85 0.86 0.71 0.91 1.04 0.76
Profit before tax -39.80 0.45 0.50 1.49 2.51 2.65 4.24 2.65 2.62 2.02 21.34 4.53 6.35
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-39.80 0.44 0.50 1.49 2.51 2.65 4.24 2.65 2.62 2.02 21.34 4.52 6.34
EPS in Rs -17.07 0.19 0.21 0.64 1.08 1.14 1.82 1.14 1.12 0.87 9.15 1.94 2.72
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
585 638 625 497 457 467 560 766 610 241 216 362
559 619 629 499 461 480 549 757 600 231 201 340
Operating Profit 26 19 -3 -2 -4 -14 11 9 10 10 15 22
OPM % 5% 3% -1% -0% -1% -3% 2% 1% 2% 4% 7% 6%
0 14 2 0 14 0 0 0 -22 2 3 20
Interest 19 16 17 18 17 0 0 0 0 0 3 4
Depreciation 7 7 5 5 5 5 5 6 22 6 3 3
Profit before tax 1 9 -24 -24 -11 -19 6 3 -35 5 12 34
Tax % 203% -2% -7% -1% 0% 0% 0% 0% 0% 0% 0% 0%
-1 9 -22 -24 -11 -19 6 3 -35 5 12 34
EPS in Rs -0.44 4.05 -9.54 -10.39 -4.89 -7.96 2.60 1.50 -14.89 2.12 5.21 14.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -8%
3 Years: -16%
TTM: 67%
Compounded Profit Growth
10 Years: 25%
5 Years: 20%
3 Years: 48%
TTM: 23%
Stock Price CAGR
10 Years: 12%
5 Years: 76%
3 Years: 56%
1 Year: 145%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23
Reserves -44 -35 -57 -81 -93 -111 -105 -102 -136 -131 -119 -85
159 179 180 173 177 167 165 155 50 0 1 8
72 39 53 59 46 38 53 53 138 170 180 144
Total Liabilities 210 207 199 174 153 117 136 130 74 62 85 90
90 84 82 79 79 77 76 74 34 30 29 30
CWIP 0 0 0 0 0 0 0 2 0 0 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
120 123 117 95 74 40 59 54 40 32 56 59
Total Assets 210 207 199 174 153 117 136 130 74 62 85 90

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6 -7 17 30 3 16 4 6 7 17 15 47
-5 -1 -2 -2 -5 -3 -4 -5 -3 -2 -3 -5
10 8 -16 -22 -3 -11 -0 -2 -3 -9 -19 -41
Net Cash Flow -1 0 -1 6 -5 1 -1 -1 0 6 -7 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 12 18 22 22 7 20 11 6 5 32 19
Inventory Days 54 50 47 36 30 14 10 13 16 31 73 37
Days Payable 29 12 19 23 22 15 20 18 11 11 88 55
Cash Conversion Cycle 45 51 46 35 30 6 10 6 11 25 17 1
Working Capital Days 28 44 28 7 16 -136 -109 -74 -89 -223 -217 -91
ROCE % 16% 9% -4% -5% -8% -20% 8% 4% -172%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
45.69% 45.69% 45.69% 45.69% 45.69% 45.69% 45.71% 45.71% 45.71% 45.71% 45.71% 45.71%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
0.00% 0.00% 0.00% 0.00% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
54.27% 54.27% 54.27% 54.27% 54.18% 54.27% 54.25% 54.26% 54.24% 54.25% 54.25% 54.25%
No. of Shareholders 14,95115,12215,70415,49215,71315,50115,62915,54016,37117,14916,69117,149

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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