Dodla Dairy Ltd
•₹ 1,138.40.04%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 22.1%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.11x)
- Working capital cycle has improved - days down from 65 to 39
- Company generates healthy free cash flow
- Institutional investors have been accumulating - FII+DII up 2.7pp
CONS
- Recent results are weak - TTM profit is down 24.7% versus prior year
- A large part of profit comes from other income (30.9% of PBT)
- Though reporting repeated profits, the company pays out little dividend (13.2%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NESTLEIND | 1469.90 | 74.37 | 283442.92 | 0.82 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| 2. | VBL | 432.75 | 43.23 | 146376.17 | 0.35 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| 3. | BRITANNIA | 5410.00 | 50.04 | 130309.75 | 1.67 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| 4. | JUBLFOOD | 495.90 | 75.40 | 32721.72 | 0.24 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| 5. | HATSUN | 931.75 | 59.58 | 20754.57 | 1.72 | 60.58 | — | 2363.72 | 17.61 | 14.60 | 10.81 |
| 6. | DEVYANI | 142.85 | 0.00 | 17612.54 | 0.00 | 171.04 | 7576.84 | 15805.16 | 1064.74 | 8.98 | 16.09 |
| 7. | ZYDUSWELL | 492.95 | 83.34 | 15683.73 | 0.24 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| 8. | MILKYMIST | 199.55 | 120.95 | 15362.23 | 0.00 | — | — | — | — | 13.79 | — |
| 9. | BIKAJI | 609.25 | 59.09 | 15276.12 | 0.21 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| 10. | LTFOODS | 429.90 | 23.31 | 14928.40 | 0.70 | 183.45 | 8.87 | 3151.83 | 27.92 | 21.42 | 11.26 |
| 11. | MANORAMA | 1924.70 | 49.26 | 12149.17 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 19.70 | 26.29 |
| 12. | DODLA | 1101.55 | 27.15 | 6645.41 | 0.45 | 40.64 | -35.36 | 1197.94 | 18.98 | 18.15 | 5.42 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 763 | 715 | 701 | 728 | 828 | 903 | 803 | 808 | 901 | 855 | 822 | 845 | 956 | |
| 718 | 652 | 624 | 666 | 745 | 817 | 720 | 741 | 839 | 778 | 765 | 816 | 938 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 7 | 7 | 6 | 5 | 7 | 10 | 30 | 24 | 29 | 11 | 12 | 19 | 12 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 15 | 16 | 16 | 17 | 16 | 16 | 16 | 16 | 15 | 15 | 16 | 16 | 16 |
| 36 | 53 | 66 | 50 | 73 | 80 | 96 | 76 | 75 | 72 | 47 | 35 | 29 | |
| Tax % | 25.40% | 25.28% | 25.19% | 25.13% | 25.93% | 25.50% | 19.91% | 25.03% | 17.38% | 25.56% | -20.95% | -57.04% | 25.79% |
| Net Profit | 27 | 40 | 49 | 38 | 54 | 59 | 77 | 57 | 62 | 54 | 57 | 55 | 22 |
| 5 | 7 | 8 | 6 | 9 | 10 | 13 | 9 | 10 | 9 | 9 | 9 | 0 | |
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 763
- 718
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 15
- 36
- Tax %
- 25.40%
- Net Profit
- 27
- 5
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 715
- 652
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 16
- 53
- Tax %
- 25.28%
- Net Profit
- 40
- 7
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 701
- 624
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 16
- 66
- Tax %
- 25.19%
- Net Profit
- 49
- 8
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 728
- 666
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 17
- 50
- Tax %
- 25.13%
- Net Profit
- 38
- 6
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 828
- 745
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 16
- 73
- Tax %
- 25.93%
- Net Profit
- 54
- 9
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 59
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 903
- 817
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 0
- Depreciation
- 16
- 80
- Tax %
- 25.50%
- Net Profit
- 59
- 10
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 803
- 720
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 0
- Depreciation
- 16
- 96
- Tax %
- 19.91%
- Net Profit
- 77
- 13
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 808
- 741
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 0
- Depreciation
- 16
- 76
- Tax %
- 25.03%
- Net Profit
- 57
- 9
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 901
- 839
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 0
- Depreciation
- 15
- 75
- Tax %
- 17.38%
- Net Profit
- 62
- 10
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 855
- 778
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 0
- Depreciation
- 15
- 72
- Tax %
- 25.56%
- Net Profit
- 54
- 9
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 822
- 765
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 0
- Depreciation
- 16
- 47
- Tax %
- -20.95%
- Net Profit
- 57
- 9
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 845
- 816
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 0
- Depreciation
- 16
- 35
- Tax %
- -57.04%
- Net Profit
- 55
- 9
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 956
- 938
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 0
- Depreciation
- 16
- 29
- Tax %
- 25.79%
- Net Profit
- 22
- 0
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,410 | 1,537 | 1,598 | 1,988 | 1,837 | 2,096 | 2,584 | 2,907 | 3,342 | 3,422 | 3,477 | |
| 1,323 | 1,432 | 1,483 | 1,889 | 1,619 | 1,910 | 2,434 | 2,661 | 3,022 | 3,197 | 3,297 | |
| Operating Profit | 95 | 111 | 123 | 111 | 226 | 220 | 174 | 272 | 390 | 296 | — |
| OPM % | 7 | 7 | 8 | 6 | 12 | 10 | 7 | 9 | 12 | 9 | — |
| Other Income | 7 | 6 | 8 | 13 | 8 | 33 | 24 | 25 | 71 | 71 | 54 |
| Interest | 8 | 11 | 11 | 17 | 13 | 7 | 2 | 2 | 1 | 2 | 1 |
| Depreciation | 18 | 25 | 34 | 46 | 47 | 49 | 58 | 64 | 64 | 62 | 63 |
| 68 | 75 | 79 | 48 | 165 | 163 | 115 | 206 | 324 | 230 | 184 | |
| Tax % | 33 | 33 | 33 | 41 | 34 | 16 | 17 | 25 | 24 | 1 | -2 |
| Net Profit | 46 | 51 | 52 | 28 | 108 | 137 | 95 | 154 | 247 | 228 | 188 |
| EPS | 141 | 9 | 9 | 5 | 19 | 23 | 16 | 26 | 41 | 38 | — |
| Dividend Payout % | 0 | 0 | 0 | 102 | 0 | 0 | 0 | 0 | 12 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 9 | 9 | 5 | 19 | 23 | 16 | 26 | 41 | 38 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 9 | 9 | 5 | 19 | 23 | 16 | 26 | 41 | 38 | — |
Mar 2017
- 1,410
- 1,323
- Operating Profit
- 95
- OPM %
- 7
- Other Income
- 7
- Interest
- 8
- Depreciation
- 18
- 68
- Tax %
- 33
- Net Profit
- 46
- EPS
- 141
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2018
- 1,537
- 1,432
- Operating Profit
- 111
- OPM %
- 7
- Other Income
- 6
- Interest
- 11
- Depreciation
- 25
- 75
- Tax %
- 33
- Net Profit
- 51
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2019
- 1,598
- 1,483
- Operating Profit
- 123
- OPM %
- 8
- Other Income
- 8
- Interest
- 11
- Depreciation
- 34
- 79
- Tax %
- 33
- Net Profit
- 52
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2020
- 1,988
- 1,889
- Operating Profit
- 111
- OPM %
- 6
- Other Income
- 13
- Interest
- 17
- Depreciation
- 46
- 48
- Tax %
- 41
- Net Profit
- 28
- EPS
- 5
- Dividend Payout %
- 102
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2021
- 1,837
- 1,619
- Operating Profit
- 226
- OPM %
- 12
- Other Income
- 8
- Interest
- 13
- Depreciation
- 47
- 165
- Tax %
- 34
- Net Profit
- 108
- EPS
- 19
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2022
- 2,096
- 1,910
- Operating Profit
- 220
- OPM %
- 10
- Other Income
- 33
- Interest
- 7
- Depreciation
- 49
- 163
- Tax %
- 16
- Net Profit
- 137
- EPS
- 23
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2023
- 2,584
- 2,434
- Operating Profit
- 174
- OPM %
- 7
- Other Income
- 24
- Interest
- 2
- Depreciation
- 58
- 115
- Tax %
- 17
- Net Profit
- 95
- EPS
- 16
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2024
- 2,907
- 2,661
- Operating Profit
- 272
- OPM %
- 9
- Other Income
- 25
- Interest
- 2
- Depreciation
- 64
- 206
- Tax %
- 25
- Net Profit
- 154
- EPS
- 26
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
Mar 2025
- 3,342
- 3,022
- Operating Profit
- 390
- OPM %
- 12
- Other Income
- 71
- Interest
- 1
- Depreciation
- 64
- 324
- Tax %
- 24
- Net Profit
- 247
- EPS
- 41
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
Mar 2026
- 3,422
- 3,197
- Operating Profit
- 296
- OPM %
- 9
- Other Income
- 71
- Interest
- 2
- Depreciation
- 62
- 230
- Tax %
- 1
- Net Profit
- 228
- EPS
- 38
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
TTM
- 3,477
- 3,297
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 1
- Depreciation
- 63
- 184
- Tax %
- -2
- Net Profit
- 188
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 13%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 20%
- 5 Years:
- 16%
- 3 Years:
- 34%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 15%
- 3 Years:
- 15%
- 1 Year:
- -16%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 17%
- 3 Years:
- 18%
- Last Year:
- 16%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 3 | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| 287 | 340 | 339 | 339 | 543 | 725 | 821 | 974 | 1,222 | 1,437 | |
| 97 | 94 | 31 | 40 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 49 | 59 | 70 | 68 | 81 | 90 | 109 | 125 | 125 | 134 |
| 95 | 104 | 227 | 230 | 220 | 130 | 125 | 144 | 128 | 140 | |
| Total Liabilities | 531 | 601 | 723 | 733 | 903 | 1,005 | 1,114 | 1,302 | 1,535 | 1,771 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 234 | 297 | 464 | 484 | 495 | 510 | 563 | 578 | 599 | 618 | |
| Capital Work in Progress | 30 | 15 | 11 | 8 | 8 | 4 | 30 | 12 | 11 | 99 |
| 109 | 108 | 67 | 55 | 104 | 228 | 309 | 238 | 680 | 702 | |
| 83 | 130 | 117 | 111 | 85 | 108 | 97 | 355 | 119 | 91 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 12 | 11 | |
| Cash & Bank | 7 | 11 | 10 | 27 | 160 | 60 | 31 | 39 | 45 | 152 |
| 68 | 40 | 55 | 47 | 50 | 94 | 82 | 71 | 69 | 98 | |
| Total Assets | 531 | 601 | 723 | 733 | 903 | 1,005 | 1,114 | 1,302 | 1,535 | 1,771 |
| Total Debt | 136 | 126 | 158 | 150 | 87 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 2 | 10 | -3 | -34 | 140 | 148 | 161 | 376 | 608 | 370 |
| Contingent Liabilities | 1 | 1 | 0 | 11 | 8 | 0 | 31 | 31 | 31 | 31 |
| Book Value per Share | 886.66 | 1046.66 | 70.96 | 70.83 | 103.09 | 131.83 | 147.93 | 173.71 | 212.54 | 248.18 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 136 | 126 | 158 | 150 | 87 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 2 | 10 | -3 | -34 | 140 | 148 | 161 | 376 | 608 | 370 |
| Contingent Liabilities | 1 | 1 | 0 | 11 | 8 | 0 | 31 | 31 | 31 | 31 |
| Book Value per Share | 886.66 | 1046.66 | 70.96 | 70.83 | 103.09 | 131.83 | 147.93 | 173.71 | 212.54 | 248.18 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 3
- 287
- 97
- Trade Payables
- 49
- 95
- Total Liabilities
- 531
- 234
- Capital Work in Progress
- 30
- 109
- 83
- 0
- Cash & Bank
- 7
- 68
- Total Assets
- 531
- Total Debt
- 136
- Net Working Capital
- 2
- Contingent Liabilities
- 1
- Book Value per Share
- 886.66
- Face Value
- 10.00
- Total Debt
- 136
- Net Working Capital
- 2
- Contingent Liabilities
- 1
- Book Value per Share
- 886.66
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 3
- 340
- 94
- Trade Payables
- 59
- 104
- Total Liabilities
- 601
- 297
- Capital Work in Progress
- 15
- 108
- 130
- 0
- Cash & Bank
- 11
- 40
- Total Assets
- 601
- Total Debt
- 126
- Net Working Capital
- 10
- Contingent Liabilities
- 1
- Book Value per Share
- 1046.66
- Face Value
- 10.00
- Total Debt
- 126
- Net Working Capital
- 10
- Contingent Liabilities
- 1
- Book Value per Share
- 1046.66
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 56
- 339
- 31
- Trade Payables
- 70
- 227
- Total Liabilities
- 723
- 464
- Capital Work in Progress
- 11
- 67
- 117
- 0
- Cash & Bank
- 10
- 55
- Total Assets
- 723
- Total Debt
- 158
- Net Working Capital
- -3
- Contingent Liabilities
- 0
- Book Value per Share
- 70.96
- Face Value
- 10.00
- Total Debt
- 158
- Net Working Capital
- -3
- Contingent Liabilities
- 0
- Book Value per Share
- 70.96
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 56
- 339
- 40
- Trade Payables
- 68
- 230
- Total Liabilities
- 733
- 484
- Capital Work in Progress
- 8
- 55
- 111
- 0
- Cash & Bank
- 27
- 47
- Total Assets
- 733
- Total Debt
- 150
- Net Working Capital
- -34
- Contingent Liabilities
- 11
- Book Value per Share
- 70.83
- Face Value
- 10.00
- Total Debt
- 150
- Net Working Capital
- -34
- Contingent Liabilities
- 11
- Book Value per Share
- 70.83
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 58
- 543
- 0
- Trade Payables
- 81
- 220
- Total Liabilities
- 903
- 495
- Capital Work in Progress
- 8
- 104
- 85
- 0
- Cash & Bank
- 160
- 50
- Total Assets
- 903
- Total Debt
- 87
- Net Working Capital
- 140
- Contingent Liabilities
- 8
- Book Value per Share
- 103.09
- Face Value
- 10.00
- Total Debt
- 87
- Net Working Capital
- 140
- Contingent Liabilities
- 8
- Book Value per Share
- 103.09
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 59
- 725
- 0
- Trade Payables
- 90
- 130
- Total Liabilities
- 1,005
- 510
- Capital Work in Progress
- 4
- 228
- 108
- 0
- Cash & Bank
- 60
- 94
- Total Assets
- 1,005
- Total Debt
- 0
- Net Working Capital
- 148
- Contingent Liabilities
- 0
- Book Value per Share
- 131.83
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 148
- Contingent Liabilities
- 0
- Book Value per Share
- 131.83
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 59
- 821
- 0
- Trade Payables
- 109
- 125
- Total Liabilities
- 1,114
- 563
- Capital Work in Progress
- 30
- 309
- 97
- 0
- Cash & Bank
- 31
- 82
- Total Assets
- 1,114
- Total Debt
- 0
- Net Working Capital
- 161
- Contingent Liabilities
- 31
- Book Value per Share
- 147.93
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 161
- Contingent Liabilities
- 31
- Book Value per Share
- 147.93
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 59
- 974
- 0
- Trade Payables
- 125
- 144
- Total Liabilities
- 1,302
- 578
- Capital Work in Progress
- 12
- 238
- 355
- 9
- Cash & Bank
- 39
- 71
- Total Assets
- 1,302
- Total Debt
- 0
- Net Working Capital
- 376
- Contingent Liabilities
- 31
- Book Value per Share
- 173.71
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 376
- Contingent Liabilities
- 31
- Book Value per Share
- 173.71
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 60
- 1,222
- 0
- Trade Payables
- 125
- 128
- Total Liabilities
- 1,535
- 599
- Capital Work in Progress
- 11
- 680
- 119
- 12
- Cash & Bank
- 45
- 69
- Total Assets
- 1,535
- Total Debt
- 0
- Net Working Capital
- 608
- Contingent Liabilities
- 31
- Book Value per Share
- 212.54
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 608
- Contingent Liabilities
- 31
- Book Value per Share
- 212.54
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 60
- 1,437
- 0
- Trade Payables
- 134
- 140
- Total Liabilities
- 1,771
- 618
- Capital Work in Progress
- 99
- 702
- 91
- 11
- Cash & Bank
- 152
- 98
- Total Assets
- 1,771
- Total Debt
- 0
- Net Working Capital
- 370
- Contingent Liabilities
- 31
- Book Value per Share
- 248.18
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 370
- Contingent Liabilities
- 31
- Book Value per Share
- 248.18
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 60 | 83 | 118 | 103 | 217 | 145 | 140 | -15 | 479 | 233 | |
| Cash from Investing | -80 | -61 | -140 | -45 | -166 | -129 | -166 | 32 | -470 | -217 |
| Cash from Financing | 19 | -40 | 62 | -26 | 11 | -49 | -3 | -3 | -4 | -16 |
| -1 | -18 | 39 | 33 | 61 | -33 | -29 | 13 | 6 | 0 | |
| Free Cash Flow | 28 | 10 | -77 | 42 | 161 | 87 | 11 | -67 | 410 | 78 |
| OCF / Net Profit | 1.30 | 1.64 | 2.25 | 3.63 | 2.00 | 1.06 | 1.47 | -0.10 | 1.94 | 1.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 164 | 223 | 225 | 234 | 603 | 519 |
| OCF / Net Profit | 1.30 | 1.64 | 2.25 | 3.63 | 2.00 | 1.06 | 1.47 | -0.10 | 1.94 | 1.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 164 | 223 | 225 | 234 | 603 | 519 |
Mar 2017
- 60
- Cash from Investing
- -80
- Cash from Financing
- 19
- -1
- Free Cash Flow
- 28
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 0
Mar 2018
- 83
- Cash from Investing
- -61
- Cash from Financing
- -40
- -18
- Free Cash Flow
- 10
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
Mar 2019
- 118
- Cash from Investing
- -140
- Cash from Financing
- 62
- 39
- Free Cash Flow
- -77
- OCF / Net Profit
- 2.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.25
- Cumulative 5-Year FCF
- 0
Mar 2020
- 103
- Cash from Investing
- -45
- Cash from Financing
- -26
- 33
- Free Cash Flow
- 42
- OCF / Net Profit
- 3.63
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.63
- Cumulative 5-Year FCF
- 0
Mar 2021
- 217
- Cash from Investing
- -166
- Cash from Financing
- 11
- 61
- Free Cash Flow
- 161
- OCF / Net Profit
- 2.00
- Cumulative 5-Year FCF
- 164
- OCF / Net Profit
- 2.00
- Cumulative 5-Year FCF
- 164
Mar 2022
- 145
- Cash from Investing
- -129
- Cash from Financing
- -49
- -33
- Free Cash Flow
- 87
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 223
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 223
Mar 2023
- 140
- Cash from Investing
- -166
- Cash from Financing
- -3
- -29
- Free Cash Flow
- 11
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- 225
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- 225
Mar 2024
- -15
- Cash from Investing
- 32
- Cash from Financing
- -3
- 13
- Free Cash Flow
- -67
- OCF / Net Profit
- -0.10
- Cumulative 5-Year FCF
- 234
- OCF / Net Profit
- -0.10
- Cumulative 5-Year FCF
- 234
Mar 2025
- 479
- Cash from Investing
- -470
- Cash from Financing
- -4
- 6
- Free Cash Flow
- 410
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 603
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 603
Mar 2026
- 233
- Cash from Investing
- -217
- Cash from Financing
- -16
- 0
- Free Cash Flow
- 78
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 519
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 519
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 140.79 | 154.40 | 9.41 | 5.11 | 18.58 | 22.96 | 15.97 | 25.87 | 40.94 | 37.86 |
| Book Value (₹) | 886.66 | 1046.66 | 70.96 | 70.83 | 103.09 | 131.83 | 147.93 | 173.71 | 212.54 | 248.18 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 5.20 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 5.00 |
| Cash EPS (₹) | 11.47 | 13.62 | 15.44 | 13.44 | 26.70 | 31.18 | 25.65 | 36.67 | 51.61 | 48.09 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 6.70% | 7.23% | 7.52% | 5.46% | 12.07% | 10.36% | 6.68% | 8.37% | 9.42% | 6.44% |
| Net Margin % | 3.27% | 3.29% | 3.19% | 1.40% | 5.80% | 6.45% | 3.63% | 5.23% | 7.29% | 6.55% |
| ROE % | 17.25% | 15.94% | 14.20% | 7.21% | 21.78% | 19.72% | 11.41% | 16.08% | 21.33% | 16.43% |
| ROCE % | 19.69% | 19.17% | 17.55% | 11.75% | 28.78% | 23.09% | 13.99% | 21.61% | 28.08% | 16.66% |
| 9.54% | 8.94% | 7.91% | 3.91% | 13.25% | 14.32% | 8.97% | 12.74% | 17.41% | 13.81% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 22 | 25 | 27 | 21 | 19 | 17 | 14 | 28 | 26 | 11 |
| Payable Days | 14 | 16 | 20 | 16 | 21 | 20 | 18 | 20 | 18 | 18 |
| 9 | 9 | 9 | 5 | -1 | -3 | -3 | 9 | 8 | -6 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.47x | 0.37x | 0.40x | 0.38x | 0.14x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 9.19x | 8.04x | 8.07x | 3.84x | 14.02x | 23.29x | 60.00x | 131.28x | 249.10x | 145.10x |
| 1.01x | 1.05x | 0.98x | 0.83x | 1.75x | 1.88x | 1.84x | 2.65x | 3.90x | 2.62x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 19.29% | 9.03% | 3.97% | 24.36% | -7.58% | 14.13% | 23.26% | 12.49% | 14.95% | 2.40% |
| Operating Profit Growth % | -8.00% | 17.65% | 10.93% | -9.99% | 103.10% | -2.66% | -20.51% | 55.70% | 43.52% | -24.18% |
| Net Profit Growth % | 29.61% | 9.67% | 3.58% | -45.64% | 280.72% | 26.04% | -30.47% | 62.01% | 60.50% | -7.53% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 62.01% | 58.28% | -7.53% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.00x | 28.26x | 25.65x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.62x | 5.44x | 3.91x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.43% | 0.51% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.41x | 17.78x | 19.30x |
Mar 2017
- EPS (₹)
- 140.79
- Book Value (₹)
- 886.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.47
- Operating Margin %
- 6.70%
- Net Margin %
- 3.27%
- ROE %
- 17.25%
- ROCE %
- 19.69%
- 9.54%
- Debtor Days
- 0
- Inventory Days
- 22
- Payable Days
- 14
- 9
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 9.19x
- 1.01x
- Revenue Growth %
- 19.29%
- Operating Profit Growth %
- -8.00%
- Net Profit Growth %
- 29.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 154.40
- Book Value (₹)
- 1046.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 13.62
- Operating Margin %
- 7.23%
- Net Margin %
- 3.29%
- ROE %
- 15.94%
- ROCE %
- 19.17%
- 8.94%
- Debtor Days
- 0
- Inventory Days
- 25
- Payable Days
- 16
- 9
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 8.04x
- 1.05x
- Revenue Growth %
- 9.03%
- Operating Profit Growth %
- 17.65%
- Net Profit Growth %
- 9.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 9.41
- Book Value (₹)
- 70.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.44
- Operating Margin %
- 7.52%
- Net Margin %
- 3.19%
- ROE %
- 14.20%
- ROCE %
- 17.55%
- 7.91%
- Debtor Days
- 1
- Inventory Days
- 27
- Payable Days
- 20
- 9
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 8.07x
- 0.98x
- Revenue Growth %
- 3.97%
- Operating Profit Growth %
- 10.93%
- Net Profit Growth %
- 3.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 5.11
- Book Value (₹)
- 70.83
- Dividend per Share (₹)
- 5.20
- Cash EPS (₹)
- 13.44
- Operating Margin %
- 5.46%
- Net Margin %
- 1.40%
- ROE %
- 7.21%
- ROCE %
- 11.75%
- 3.91%
- Debtor Days
- 1
- Inventory Days
- 21
- Payable Days
- 16
- 5
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 3.84x
- 0.83x
- Revenue Growth %
- 24.36%
- Operating Profit Growth %
- -9.99%
- Net Profit Growth %
- -45.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 18.58
- Book Value (₹)
- 103.09
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 26.70
- Operating Margin %
- 12.07%
- Net Margin %
- 5.80%
- ROE %
- 21.78%
- ROCE %
- 28.78%
- 13.25%
- Debtor Days
- 1
- Inventory Days
- 19
- Payable Days
- 21
- -1
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 14.02x
- 1.75x
- Revenue Growth %
- -7.58%
- Operating Profit Growth %
- 103.10%
- Net Profit Growth %
- 280.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 22.96
- Book Value (₹)
- 131.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 31.18
- Operating Margin %
- 10.36%
- Net Margin %
- 6.45%
- ROE %
- 19.72%
- ROCE %
- 23.09%
- 14.32%
- Debtor Days
- 1
- Inventory Days
- 17
- Payable Days
- 20
- -3
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 23.29x
- 1.88x
- Revenue Growth %
- 14.13%
- Operating Profit Growth %
- -2.66%
- Net Profit Growth %
- 26.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.97
- Book Value (₹)
- 147.93
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 25.65
- Operating Margin %
- 6.68%
- Net Margin %
- 3.63%
- ROE %
- 11.41%
- ROCE %
- 13.99%
- 8.97%
- Debtor Days
- 1
- Inventory Days
- 14
- Payable Days
- 18
- -3
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 60.00x
- 1.84x
- Revenue Growth %
- 23.26%
- Operating Profit Growth %
- -20.51%
- Net Profit Growth %
- -30.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 25.87
- Book Value (₹)
- 173.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 36.67
- Operating Margin %
- 8.37%
- Net Margin %
- 5.23%
- ROE %
- 16.08%
- ROCE %
- 21.61%
- 12.74%
- Debtor Days
- 1
- Inventory Days
- 28
- Payable Days
- 20
- 9
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 131.28x
- 2.65x
- Revenue Growth %
- 12.49%
- Operating Profit Growth %
- 55.70%
- Net Profit Growth %
- 62.01%
- 62.01%
- P/E (x)
- 31.00x
- P/B (x)
- 4.62x
- Dividend Yield %
- 0.00%
- 17.41x
Mar 2025
- EPS (₹)
- 40.94
- Book Value (₹)
- 212.54
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 51.61
- Operating Margin %
- 9.42%
- Net Margin %
- 7.29%
- ROE %
- 21.33%
- ROCE %
- 28.08%
- 17.41%
- Debtor Days
- 1
- Inventory Days
- 26
- Payable Days
- 18
- 8
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 249.10x
- 3.90x
- Revenue Growth %
- 14.95%
- Operating Profit Growth %
- 43.52%
- Net Profit Growth %
- 60.50%
- 58.28%
- P/E (x)
- 28.26x
- P/B (x)
- 5.44x
- Dividend Yield %
- 0.43%
- 17.78x
Mar 2026
- EPS (₹)
- 37.86
- Book Value (₹)
- 248.18
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 48.09
- Operating Margin %
- 6.44%
- Net Margin %
- 6.55%
- ROE %
- 16.43%
- ROCE %
- 16.66%
- 13.81%
- Debtor Days
- 1
- Inventory Days
- 11
- Payable Days
- 18
- -6
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 145.10x
- 2.62x
- Revenue Growth %
- 2.40%
- Operating Profit Growth %
- -24.18%
- Net Profit Growth %
- -7.53%
- -7.53%
- P/E (x)
- 25.65x
- P/B (x)
- 3.91x
- Dividend Yield %
- 0.51%
- 19.30x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-01 - Dodla Dairy Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-27 - Dodla Dairy Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-07-07 - Dodla Dairy Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
Jul 2026
May 2026