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Market Cap

₹9.4b

Last Updated

2021/04/19 12:19 UTC

Data Sources

Company Financials +

Executive Summary

Parag Milk Foods Limited processes, manufactures, and sells milk and milk related products in India. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Parag Milk Foods's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 539889 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 539889's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

3.9%

539889

-1.9%

IN Food

-2.2%

IN Market


1 Year Return

13.5%

539889

30.9%

IN Food

71.1%

IN Market

Return vs Industry: 539889 underperformed the Indian Food industry which returned 30.9% over the past year.

Return vs Market: 539889 underperformed the Indian Market which returned 71.1% over the past year.


Shareholder returns

539889IndustryMarket
7 Day3.9%-1.9%-2.2%
30 Day10.3%5.8%0.4%
90 Day-10.8%2.8%7.1%
1 Year14.1%13.5%33.1%30.9%73.7%71.1%
3 Year-62.7%-63.2%40.3%35.3%28.0%20.4%
5 Yearn/a174.9%160.3%87.2%71.5%

Long-Term Price Volatility Vs. Market

How volatile is Parag Milk Foods's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Parag Milk Foods undervalued compared to its fair value and its price relative to the market?

22.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 539889 (₹108.6) is trading above our estimate of fair value (₹84.6)

Significantly Below Fair Value: 539889 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 539889 is poor value based on its PE Ratio (22.5x) compared to the IN Food industry average (15.7x).

PE vs Market: 539889 is poor value based on its PE Ratio (22.5x) compared to the Indian market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: 539889 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 539889 is good value based on its PB Ratio (1x) compared to the IN Food industry average (1.2x).


Future Growth

How is Parag Milk Foods forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

44.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 539889's forecast earnings growth (44.6% per year) is above the savings rate (7%).

Earnings vs Market: 539889's earnings (44.6% per year) are forecast to grow faster than the Indian market (23.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 539889's revenue (14.2% per year) is forecast to grow faster than the Indian market (14% per year).

High Growth Revenue: 539889's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 539889's Return on Equity is forecast to be low in 3 years time (9%).


Past Performance

How has Parag Milk Foods performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 539889 has high quality earnings.

Growing Profit Margin: 539889's current net profit margins (2.1%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: 539889's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: 539889's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 539889 had negative earnings growth (-64.7%) over the past year, making it difficult to compare to the Food industry average (17.6%).


Return on Equity

High ROE: 539889's Return on Equity (4.3%) is considered low.


Financial Health

How is Parag Milk Foods's financial position?


Financial Position Analysis

Short Term Liabilities: 539889's short term assets (₹12.4B) exceed its short term liabilities (₹7.6B).

Long Term Liabilities: 539889's short term assets (₹12.4B) exceed its long term liabilities (₹521.9M).


Debt to Equity History and Analysis

Debt Level: 539889's debt to equity ratio (41.7%) is considered high.

Reducing Debt: 539889's debt to equity ratio has reduced from 140.1% to 41.7% over the past 5 years.

Debt Coverage: 539889's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 539889's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Dividend

What is Parag Milk Foods's current dividend yield, its reliability and sustainability?

0.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 539889's dividend (0.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: 539889's dividend (0.46%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).


Stability and Growth of Payments

Stable Dividend: 539889 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 539889 has only been paying a dividend for 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.4%), 539889's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 539889's dividends in 3 years are forecast to be thoroughly covered by earnings (6.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Parag Milk Foods has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 539889's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: 539889's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Parag Milk Foods Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Parag Milk Foods Limited
  • Ticker: 539889
  • Exchange: BSE
  • Founded: 1992
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹9.443b
  • Shares outstanding: 83.94m
  • Website: https://www.paragmilkfoods.com

Number of Employees


Location

  • Parag Milk Foods Limited
  • Nirmal Building
  • 20th Floor
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings


Biography

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 Gowar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 12:19
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.