Dodla Dairy Ltd

Dodla Dairy Ltd

₹ 1,265 1.28%
04 Dec 1:57 p.m.
About

Incorporated in the year 1995, Dodla Dairy Limited is an integrated dairy company based in Telangana. The company derives the majority of its revenue from the sale of Milk and diary-based value added products in the branded consumer Market. Currently, its procurement is centered in 5 states and its products are available for purchase in 11 states. It has 94 milk chilling centers. Some of their plants are ISO 22000:2005 Certified while two are ISO 50001:2011 (EnMS) Certified.

Key Points

Integrated Dairy Company
Dodla Dairy Limited is an integrated dairy company based in South India. It is the 3rd largest player in terms of milk procurement in South India and has the 3rd highest market presence across 12 states in India. [1]

  • Market Cap 7,632 Cr.
  • Current Price 1,265
  • High / Low 1,346 / 791
  • Stock P/E 38.1
  • Book Value 194
  • Dividend Yield 0.24 %
  • ROCE 20.8 %
  • ROE 15.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Promoter holding has decreased over last quarter: -0.84%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
536 532 540 657 643 618 665 763 715 701 728 828 903
478 488 501 624 592 577 640 718 652 624 666 745 817
Operating Profit 58 44 39 33 51 41 25 45 63 76 62 83 87
OPM % 11% 8% 7% 5% 8% 7% 4% 6% 9% 11% 9% 10% 10%
4 4 22 5 6 7 7 7 7 6 5 7 10
Interest 4 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 12 12 12 14 15 15 14 15 16 16 17 16 16
Profit before tax 45 36 48 23 42 33 18 36 53 66 50 73 80
Tax % 30% 30% -17% 26% 18% 16% 8% 25% 25% 25% 25% 26% 26%
32 25 56 17 34 28 16 27 40 49 38 54 59
EPS in Rs 5.36 4.19 9.42 2.84 5.75 4.64 2.73 4.55 6.72 8.30 6.30 9.11 9.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,018 1,182 1,410 1,537 1,598 1,988 1,837 2,096 2,584 2,907 3,160
990 1,087 1,324 1,432 1,482 1,888 1,619 1,909 2,433 2,660 2,852
Operating Profit 29 95 86 105 116 99 218 187 151 247 308
OPM % 3% 8% 6% 7% 7% 5% 12% 9% 6% 8% 10%
8 7 8 6 7 12 7 32 23 25 28
Interest 8 13 8 10 11 17 13 7 2 2 1
Depreciation 13 16 18 25 34 46 47 49 58 64 65
Profit before tax 16 74 68 75 79 48 165 163 115 206 269
Tax % 2% 52% 33% 33% 33% 41% 34% 16% 17% 25%
16 36 46 51 52 28 108 137 95 154 201
EPS in Rs 49.35 108.65 140.10 154.42 9.41 5.11 18.58 22.96 15.97 25.87 33.56
Dividend Payout % 0% 23% 0% 0% 0% 102% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 17%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 11%
TTM: 81%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: 52%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 15%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 56 56 58 59 59 59 60
Reserves 214 241 287 340 341 341 546 728 824 977 1,107
122 109 136 126 158 160 98 13 14 13 14
72 82 104 132 169 176 200 205 217 253 270
Total Liabilities 411 436 531 601 723 733 903 1,005 1,114 1,302 1,451
125 160 232 296 461 482 495 510 563 578 575
CWIP 5 36 30 15 11 8 8 4 30 12 8
Investments 85 95 109 109 67 55 104 228 309 238 519
197 145 159 181 185 187 296 263 211 474 350
Total Assets 411 436 531 601 723 733 903 1,005 1,114 1,302 1,451

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
131 59 83 118 103 217 145 140 -15
-96 -79 -61 -140 -45 -166 -129 -166 32
-37 19 -40 62 -26 11 -49 -3 -3
Net Cash Flow -2 -1 -18 39 33 61 -33 -29 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 1 1 1 1 1 1
Inventory Days 62 36 27 39 36 26 24 26 18 60
Days Payable 16 14 16 18 21 16 23 21 20 21
Cash Conversion Cycle 46 22 11 22 15 11 2 5 -1 40
Working Capital Days 34 6 7 9 0 -5 -9 -7 -8 20
ROCE % 25% 19% 18% 17% 11% 28% 22% 13% 21%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.54% 62.54% 62.54% 62.21% 62.21% 62.21% 62.21% 62.21% 62.21% 62.21% 60.52% 59.69%
6.48% 4.40% 4.29% 13.04% 12.83% 12.83% 10.59% 10.92% 11.34% 11.36% 11.27% 11.58%
14.96% 16.84% 16.86% 14.42% 15.85% 16.06% 18.06% 16.99% 16.90% 17.62% 18.64% 17.96%
16.03% 16.22% 16.32% 10.34% 9.10% 8.91% 9.15% 9.89% 9.55% 8.82% 9.57% 10.78%
No. of Shareholders 43,14343,39042,72140,90439,39637,73834,45334,47932,35629,70032,16333,798

* 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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