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Parag Milk Foods Limited is a leading dairy company in India that specializes in the production and marketing of a wide range of dairy products. It offers a diverse portfolio including milk, cheese, yogurt, and ghee, catering to both retail consumers and businesses while focusing on quality, nutrition, and innovation in its offerings.
Parag Milk Foods Limited, is a listed public company incorporated on 29 December, 1992. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 200.00 cr and the total paid-up capital is INR 125.11 cr.
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** All rupee values in INR crores. Based on March 2024 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.
* INR 349 for 20+ credits purchase
1 credit = one company dashboard
| State | Type | Address |
|---|
| Designation | Name | DIN/PAN | Tenure |
|---|---|---|---|
| Whole-time Director | Devendra Prakash Shah
Shareholder
|
01127319 | 33 years |
| Managing Director | Pritam Prakash Shah
Shareholder
|
01127247 | 33 years |
| Director | Nikhil Kishorchandra Vora
Shareholder
|
05014606 | 4 years |
| Whole-time Director | Akshali Shah
Shareholder
|
06575079 | 3 years |
| Director | Dnyanesh Vishnu Darshane | 08515431 | 3 years |
| Director | Amitabha Mukhopadhyay | 01806781 | 1 years |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 2,391.3 | 1,791.7 | 2,025.6 | 2,853.2 | 3,089.8 |
| Operating profit | 211.7 | 126.7 | -428.7 | 139.0 | 198.6 |
| Net profit | 90.6 | 17.5 | -529.2 | 68.5 | 91.9 |
| Gross margin | 25.0 | 25.2 | -1.6 | 19.1 | 22.9 |
| Operating margin | 8.8 | 7.1 | -21.2 | 4.9 | 6.4 |
| Net margin | 3.8 | 1.0 | -26.0 | 2.4 | 3.0 |
| Networth | 906.1 | 919.8 | 549.1 | 818.2 | 923.7 |
| Borrowings | 364.9 | 333.4 | 472.0 | 527.0 | 537.7 |
| Assets | 1,659.3 | 1,638.2 | 1,320.7 | 1,583.0 | 1,766.3 |
| Debt to equity | 0.4 | 0.4 | 0.9 | 0.6 | 0.6 |
| Current ratio | 1.7 | 1.7 | 1.7 | 2.0 | 2.0 |
| ROE | 10.0 | 1.9 | -96.4 | 8.4 | 9.9 |
| Days payable | 60.0 | 79.0 | 37.0 | 21.0 | 29.0 |
| WC days | 72.0 | 100.0 | 64.0 | 73.0 | 77.0 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 83.9 | 83.9 | 95.2 | 117.2 | 119.2 |
| Reserves | 822.2 | 835.9 | 453.9 | 701.0 | 804.5 |
| Borrowings + | 364.9 | 333.4 | 472.0 | 527.0 | 537.7 |
| Long term borrowings | 48.1 | 20.9 | 230.6 | 204.6 | 183.1 |
| Short term borrowings | 316.7 | 312.6 | 241.4 | 322.4 | 354.6 |
| Trade payables + | 296.7 | 288.8 | 208.1 | 129.8 | 186.1 |
| Days payable | 60.0 | 79.0 | 37.0 | 21.0 | 29.0 |
| Other liabilities + | 388.4 | 385.0 | 299.6 | 237.8 | 304.8 |
| Other non-current liabilities | 15.3 | 12.4 | 16.3 | 13.0 | 13.2 |
| Other current liabilities | 76.4 | 83.8 | 75.2 | 95.1 | 105.5 |
| Total liabilities | 1,659.3 | 1,638.2 | 1,320.7 | 1,583.0 | 1,766.3 |
| Fixed Assets + | 405.0 | 381.6 | 352.8 | 320.0 | 318.2 |
| Tangible assets | 382.3 | 378.8 | 349.5 | 311.2 | 307.7 |
| CWIP | 6.7 | 0.9 | 2.8 | 8.6 | 9.7 |
| Intangible assets | 16.1 | 1.9 | 0.4 | 0.2 | 0.9 |
| LT loans and advances | - | - | - | 31.5 | 2.9 |
| Other non-current assets | 94.7 | 82.9 | 87.7 | 115.5 | 148.6 |
| Current assets + | 1,159.6 | 1,173.7 | 880.3 | 1,115.9 | 1,296.5 |
| Inventories | 626.8 | 687.3 | 468.2 | 558.3 | 598.3 |
| Trade receivables | 299.5 | 155.9 | 119.7 | 159.9 | 235.3 |
| Cash and cash equivalents | 21.3 | 6.5 | 79.3 | 13.0 | 10.0 |
| ST loans and advances | - | - | - | - | - |
| Other current assets | 212.0 | 323.9 | 213.1 | 384.7 | 452.9 |
| Total assets | 1,659.3 | 1,638.2 | 1,320.7 | 1,583.0 | 1,766.3 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales + | 2,391.3 | 1,791.7 | 2,025.6 | 2,853.2 | 3,089.8 |
| Sales growth % | 1.92 | -25.07 | 13.05 | 40.86 | 8.29 |
| Expenses + | 2,269.0 | 1,759.9 | 2,552.3 | 2,821.2 | 3,015.7 |
| Cost of goods | 1,793.0 | 1,340.1 | 2,058.5 | 2,307.2 | 2,382.8 |
| Employee cost | 93.1 | 75.3 | 77.3 | 88.2 | 104.4 |
| Other costs | 293.5 | 249.6 | 318.5 | 318.9 | 404.0 |
| Operating profit + | 211.7 | 126.7 | -428.7 | 139.0 | 198.6 |
| Operating margin % | 8.8 | 7.1 | -21.2 | 4.9 | 6.4 |
| Other income | 2.9 | 6.8 | 9.0 | 35.2 | 8.8 |
| Interest | 38.0 | 45.5 | 47.0 | 52.9 | 68.8 |
| Depreciation | 51.4 | 49.4 | 50.9 | 54.1 | 55.7 |
| Exceptional items | - | - | - | - | - |
| Profit before tax | 125.2 | 38.7 | -517.7 | 67.2 | 82.8 |
| Tax | 34.6 | 21.2 | 11.4 | -1.3 | -9.1 |
| Profit - disc. ops | - | - | - | - | - |
| Net profit | 90.6 | 17.5 | -529.2 | 68.5 | 91.9 |
| Net margin % | 3.8 | 1.0 | -26.0 | 2.4 | 3.0 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Solvency + | |||||
| Total Debt/Equity | 0.4 | 0.4 | 0.9 | 0.6 | 0.6 |
| Net Debt/Equity | 0.4 | 0.4 | 0.7 | 0.6 | 0.6 |
| Total Debt/Assets | 0.2 | 0.2 | 0.4 | 0.3 | 0.3 |
| Total Assets/Equity | 1.8 | 1.8 | 2.4 | 1.9 | 1.9 |
| Liquidity + | |||||
| Current Ratio | 1.7 | 1.7 | 1.7 | 2.0 | 2.0 |
| Quick Ratio | 0.8 | 0.7 | 0.8 | 1.0 | 1.1 |
| Interest Coverage | 5.6 | 2.8 | -9.1 | 2.6 | 2.9 |
| Performance | |||||
| Gross Margin | 25.0 | 25.2 | -1.6 | 19.1 | 22.9 |
| Operating Margin | 8.8 | 7.1 | -21.2 | 4.9 | 6.4 |
| Net Margin | 3.8 | 1.0 | -26.0 | 2.4 | 3.0 |
| Return + | |||||
| Return on Equity | 10.0 | 1.9 | -96.4 | 8.4 | 9.9 |
| Pre-tax ROCE | 18.3 | 8.9 | -67.7 | 9.6 | 14.8 |
| Return on Assets | 5.5 | 1.1 | -40.1 | 4.3 | 5.2 |
| Pre-tax ROIC | 12.8 | 6.2 | -50.9 | 6.4 | 9.8 |
| Efficiency + | |||||
| Days Payable | 60.0 | 79.0 | 37.0 | 21.0 | 29.0 |
| Days Inventory | 128.0 | 187.0 | 83.0 | 88.0 | 92.0 |
| Days Receivable | 46.0 | 32.0 | 22.0 | 20.0 | 28.0 |
| Fixed Asset Turnover | 5.9 | 4.7 | 5.7 | 8.9 | 9.7 |
| Total Asset Turnover | 1.4 | 1.1 | 1.5 | 1.8 | 1.8 |
| Working Capital | |||||
| Cash Conversion Cycle | 114.0 | 140.0 | 68.0 | 87.0 | 91.0 |
| Working Capital Days | 72.0 | 100.0 | 64.0 | 73.0 | 77.0 |
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Total Amount : 1.5 cr
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| Name | State / Country | Incorporation Year | Paidup Capital |
|---|---|---|---|
| BHAGYALAXMI DAIRY FARMS PRIVATE LIMITED | Maharashtra | 2003 | ₹ 7.8 Cr |
Read more
The incorporation date of PARAG MILK FOODS LIMITED is 29 December, 1992
The authorized share capital of PARAG MILK FOODS LIMITED is INR ₹ 200.0 Cr.
The paid-up capital of PARAG MILK FOODS LIMITED is INR ₹ 125.1 Cr.
The registered address of PARAG MILK FOODS LIMITED is Flat No.1,Plot No.19,Nav Rajasthan Soc., behind Ratna Memorial Hospital,S.B. Road, Shiva, ji Nagar, Pune, Maharashtra, India, 411016 - 411016
The CIN number of PARAG MILK FOODS LIMITED is L15204PN1992PLC070209.