Dodla Dairy Ltd

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dodladairy.comBSE: 543306NSE: DODLA

Market Cap₹ 6,531 Cr.

Current Price

High / Low₹ 1,487 / 964

Stock P/E26.7

Book Value₹ 284

Price to Book3.50

Dividend Yield0.46 %

ROCE18.1 %

ROE17.3 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 22.9%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 16.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.17x)

CONS

Though reporting repeated profits, the company pays out little dividend (11.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGConsumer Food

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	NESTLEIND	1384.00	70.03	266878.70	0.87	9586.80	1382.67	63781.80	1157.04	98.35	23.86
2.	VBL	416.25	41.58	140795.10	0.36	1525.36	15.08	8650.57	20.77	20.73	27.04
3.	BRITANNIA	4970.00	45.97	119711.54	1.82	593.38	14.08	4999.97	10.26	56.48	16.77
4.	JUBLFOOD	470.40	71.52	31039.12	0.26	100.03	6.03	2569.65	13.66	25.56	19.77
5.	HATSUN	1222.80	78.20	27237.66	0.49	60.58	—	2363.72	17.61	17.40	10.81
6.	MILKYMIST	293.30	177.78	22579.51	0.00	646.79	—	9734.46	—	13.79	14.77
7.	ZYDUSWELL	552.65	93.43	17583.15	0.22	118.90	-7.04	1437.00	67.54	4.42	16.82
8.	DEVYANI	137.95	0.00	17008.40	0.00	171.04	7576.84	15805.16	1064.74	8.98	16.09
9.	LTFOODS	437.85	23.74	15204.47	0.69	183.45	8.87	3151.83	27.92	19.77	11.26
10.	BIKAJI	548.50	53.20	13752.89	0.23	59.47	1.62	734.26	15.26	21.65	13.48
11.	MANORAMA	2063.45	52.81	13024.99	0.04	78.66	67.55	404.01	39.53	35.00	26.29
12.	DODLA	1082.55	26.68	6530.79	0.46	40.64	-35.36	1197.94	18.98	18.15	5.42

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	823	768	747	787	912	998	901	910	1,007	1,019	1,025	1,074	1,198
	763	698	664	712	806	901	805	826	924	926	946	1,021	1,157
Operating Profit	60	70	83	75	105	96	96	84	83	93	79	54	41
OPM %	7.33%	9.15%	11.09%	9.58%	11.53%	9.65%	10.64%	9.18%	8.19%	9.11%	7.74%	5.00%	3.43%
	7	7	6	8	7	10	11	26	17	11	6	23	14
Interest	0	0	1	1	1	1	1	1	1	1	1	1	1
Depreciation	16	17	18	18	18	19	20	18	18	21	22	22	23
Profit before Tax	51	59	70	64	93	86	86	90	81	83	63	54	55
Tax %	31.05%	26.46%	40.65%	26.99%	29.92%	26.54%	26.45%	24.72%	22.36%	20.66%	-9.53%	-28.75%	25.70%
Net Profit	0	0	0	0	65	63	64	68	63	66	69	70	41
	5.88	7.33	6.95	7.87	10.93	10.54	10.54	11.27	10.42	10.89	11.39	11.56	6.74

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,440	1,590	1,692	2,139	1,944	2,243	2,812	3,125	3,720	4,125	4,316
	1,352	1,479	1,559	1,998	1,701	2,033	2,620	2,836	3,339	3,816	4,049
Operating Profit	88	112	132	142	243	211	192	289	381	309	267
OPM %	6.11%	7.03%	7.82%	6.62%	12.50%	9.39%	6.82%	9.26%	10.25%	7.50%	6.19%
	8	7	8	7	7	15	23	27	53	58	55
Interest	8	11	11	17	13	7	2	3	4	4	4
Depreciation	19	27	36	49	51	52	61	70	75	82	87
Profit before Tax	68	81	94	82	186	166	152	244	356	281	254
Tax %	31.63%	29.33%	32.74%	39.09%	32.35%	19.78%	19.46%	31.61%	26.94%	4.87%	3.78%
Net Profit	47	57	63	50	126	133	122	167	260	267	245
EPS	142.09	10.26	11.30	8.96	22.33	22.24	20.39	28.03	43.09	44.26	—
Dividend Payout %	0.00%	0.00%	0.00%	58.05%	0.00%	0.00%	0.00%	0.00%	11.60%	11.30%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 16%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 16%
3 Years:: 30%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 15%
3 Years:: 15%
1 Year:: -23%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 17%
3 Years:: 18%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	56	56	58	59	59	59	60	60
	281	336	349	375	597	781	910	1,076	1,346	1,614
	130	120	145	137	65	12	31	42	35	47
Trade Payables	51	63	76	78	86	103	127	148	156	188
	60	78	117	147	165	133	125	151	134	177
Total Liabilities	526	601	743	793	972	1,088	1,251	1,478	1,731	2,086
	256	321	492	539	549	566	624	713	750	1,056
Capital Work in Progress	30	16	11	11	8	4	58	12	12	109
	68	67	26	12	60	184	260	196	644	411
	85	134	125	120	96	121	120	389	162	155
	0	0	0	0	0	0	0	11	12	14
Cash & Bank	11	14	22	69	224	132	125	103	102	238
	75	49	67	42	34	81	65	53	49	102
Total Assets	526	601	743	793	972	1,088	1,251	1,478	1,731	2,086

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	83	103	152	177	296	211	205	-1	520	295
Cash from Investing	-79	-66	-148	-77	-200	-138	-214	30	-528	-286
Cash from Financing	19	-40	62	-26	11	-49	15	-1	-8	-25
	1	-20	48	63	56	-16	-38	28	-16	-15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.69	59.69	59.69	59.69	58.92	58.92	58.92	58.92
	11.58	11.03	10.41	10.03	8.91	7.36	6.44	6.08
	17.96	18.84	19.14	19.21	21.50	23.76	25.34	25.85
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	10.77	10.45	10.75	11.07	10.67	9.97	9.31	9.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Dodla Dairy Limited has informed the Exchange about Schedule of meet

2026-08-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-01 - Dodla Dairy Limited has informed the Exchange about Transcript

2026-07-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-27 - Dodla Dairy Limited has informed the Exchange about Link of Recording

2026-07-26

Copy of Newspaper Publication

2026-07-26 - Dodla Dairy Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-25

Investor Presentation

2026-07-25 - Dodla Dairy Limited has informed the Exchange about Investor Presentation

2026-07-25

Press Release

2026-07-25 - Dodla Dairy Limited has informed the Exchange regarding a press release dated July 25, 2026, titled "Dodla Dairy Limited Reports Q1 FY27 Results".

2026-07-25

Outcome of Board Meeting

2026-07-25 - Dodla Dairy Limited has informed the Exchange regarding Outcome of Board Meeting held on July 25, 2026.

2026-07-25

Outcome of Board Meeting

2026-07-25 - Dodla Dairy Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-16

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-16 - Dodla Dairy Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for DODLA

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