Flash Finance

Parag Milk Foods LimitedPARAGMILKCorporate

Food - Processing - Indian Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹276.30
MCap ₹3,495 Cr · P/E 25.8
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹945 Cr
Sales · Mar 2026
+3.0% YoY
₹59 Cr
Operating Profit · Mar 2026
-4.3% YoY
6.3%
OPM % · Mar 2026
-7.4% YoY
₹32 Cr
Net Profit · Mar 2026
+23.0% YoY
₹2.58
EPS · Mar 2026
+17.3% YoY

📝 Parag Milk Foods Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Parag Milk Foods Limited reported revenue of ₹945 crore for the quarter ended March 2026 (Q4 FY26), up 3.0% from ₹918 crore in the same quarter last year, and down 6.7% sequentially over the December 2025 quarter.

Net profit rose 23.0% year-on-year to ₹32 crore, from ₹26 crore. Earnings per share (EPS) came in at ₹2.58.

Operating profit stood at ₹59 crore — an operating margin (OPM) of 6.3%, compared with 6.8% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Parag Milk Foods Limited posted revenue of ₹3,818 crore, a growth of 11.2% over FY25, with a net profit of ₹135 crore (up 14.0% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,818 crore with a net profit of ₹135 crore.

Valuation snapshot

At the current price of ₹276.30, PARAGMILK has a market capitalisation of ₹3,495 crore and a trailing P/E of about 25.8.

Within the Food - Processing - Indian industry, it is the 7th-largest of the 40 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 40.49%, foreign institutional investors (FIIs) 7.59%, domestic institutional investors (DIIs) 2.87%, public shareholders 48.67% of Parag Milk Foods Limited.

Promoter holding slipped from 40.65% to 40.49% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹3,495 Cr
Current Price ?
₹276.3
P/E ?
25.82above ind
Industry P/E ?
24.80
P/B ?
2.78
P/S ?
0.92
P/FCF ?
59.24
Enterprise Value ?
₹4,102 Cr
EV/EBITDA ?
12.11
PEG ?
0.68
Earnings Yield ?
6.1%
Dividend Yield ?
0.36%
Profitability & Returns
Sales (TTM) ?
₹3,818 Cr
OPM ?
8.9%
Profit after tax (TTM) ?
₹135 Cr
EPS (TTM) ?
₹10.70
ROCE ?
14.0%
ROE ?
10.8%
ROA ?
5.9%
Growth
Sales — latest qtr ?
₹945 Cr
PAT — latest qtr ?
₹32 Cr
YoY qtr sales growth ?
3.0%
YoY qtr profit growth ?
23.0%
Sales growth (3y) ?
10%
Sales growth (5y) ?
16%
Profit growth (3y) ?
38%
Profit growth (5y) ?
45%
Financial Health
Debt ?
₹607 Cr
Debt to Equity ?
0.48
Interest Coverage ?
2.5
Current Ratio ?
N/A
Ownership
Promoter holding ?
40.49%
Change in promoter holding ?
-2.12%
Pledged percentage ?
N/A
Market
Return 3 months ?
23.5%
Return 6 months ?
24.1%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 8017507988017907588718859188521,0081,013945 +3.0% -6.7%
Operating Profit 374053633656697362581536859 -4.3% -13.1%
Other Income 966686761382919 +44.1% +111.2%
Interest 12171920161923262520402121 -18.4% -1.3%
Depreciation 18151515151618161716351818 +0.9% -3.4%
Profit Before Tax 16152433142736383329803340 +23.3% +23.2%
Net Profit 22212534102729362628463032 +23.0% +9.0%
EPS 1.911.832.152.910.842.292.453.032.202.313.652.372.58 +17.3% +8.9%
OPM % 4.7% 5.4% 6.6% 7.8% 4.6% 7.4% 7.9% 8.3% 6.8% 6.8% 15.2% 6.7% 6.3% -7.4% -6.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹3,432 Cr ₹3,818 Cr ₹3,818 Cr +11.2%
Operating Profit ₹260 Cr ₹339 Cr ₹339 Cr +30.0%
OPM % 7.59% 8.87% 8.87% +16.9%
NPM % 3.46% 3.55% 3.55% +2.6%
Other Income ₹32 Cr ₹37 Cr ₹37 Cr +16.5%
Depreciation ₹67 Cr ₹87 Cr ₹87 Cr +29.5%
Interest ₹92 Cr ₹101 Cr ₹101 Cr +9.7%
EBIT ₹193 Cr ₹252 Cr ₹252 Cr +30.2%
PBT ₹133 Cr ₹182 Cr ₹182 Cr +36.9%
Tax ₹14 Cr ₹12 Cr ₹12 Cr -9.4%
Net Profit ₹119 Cr ₹135 Cr ₹135 Cr +14.0%
EPS ₹9.97 ₹10.91 ₹10.91 +9.4%
Material Cost ₹2,505 Cr ₹2,145 Cr ₹2,145 Cr -14.4%
Employee Cost ₹151 Cr ₹142 Cr ₹142 Cr -6.3%
Extraordinary Items — ₹-6 Cr ₹-6 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 117119119125 +5.0%
Reserves 6917939041,134 +25.4%
Borrowings 606616654607 -7.2%
Other Liabilities 253358355415 +16.9%
Total Liabilities 1,6681,8872,0332,281 +12.2%
Fixed Assets 436466578643 +11.2%
CWIP 45691937 +94.7%
Investments 5555 +0.0%
Other Assets 1,1821,3481,4311,596 +11.5%
Total Assets 1,6681,8872,0332,281 +12.2%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -190102212149 -29.7%
Cash from Investing Activity -88-53-132-98 +25.8%
Cash from Financing Activity 212-53-78-60 +23.1%
Net Cash Flow -66-31-9 -1000.0%
Free Cash Flow -190418759 -32.2%
CFO/OP -155%56%88%65% -26.1%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 21282823 -17.9%
Inventory Days 1001038795 +9.2%
Days Payable 27423935 -10.3%
Cash Conversion Cycle 95897684 +10.5%
Working Capital Days 66676651 -22.7%
ROCE % 9%11%14%14% +0.0%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 42.61%42.61%40.65%40.65%40.49% -0.4%
FIIs 9.24%9.92%9.26%8.77%7.59% -13.5%
DIIs 6.87%6.62%6.16%5.25%2.87% -45.3%
Public 41.16%40.72%43.84%45.25%48.67% +7.6%
Others 0.14%0.14%0.09%0.08%— —
No. of Shareholders 1,02,55288,01286,56988,58889,477 +1.0%

⚖️ Peer comparison

Industry: Food - Processing - Indian · top 25 of 40 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MANORAMA Manorama Industries ₹1,932.20 12,197 43.7 1,472 264 27.0% 17.9% 76.1% 108.1% 39.5% 61.3%
2 KRBL KRBL ₹393.95 9,017 11.9 6,009 758 16.5% 12.6% 9.0% 36.2% -5.6% 73.2%
3 BECTORFOOD Mrs. Bectors ₹226.63 6,951 46.8 2,119 148 12.8% 7.0% 9.0% -1.9% 16.0% 25.0%
4 DODLA Dodla Dairy ₹1,063.60 6,416 26.2 4,316 246 6.7% 5.7% 10.9% 3.1% 19.0% -35.5%
5 VADILALIND Vadilal Industries ₹7,486.00 5,381 24.6 1,675 219 18.7% 13.1% 21.2% -4.0% 34.4% 145.3%
6 HERITGFOOD Heritage Foods ₹420.55 3,903 33.8 4,934 115 5.1% 2.3% 9.5% -20.1% 18.6% -39.5%
7 PARAGMILK Parag Milk ₹271.10 3,430 24.8 3,818 135 8.9% 3.5% 11.2% 14.0% 3.0% 23.0%
8 GOPAL Gopal Snacks ₹254.60 3,174 37.8 1,609 84 7.3% 5.2% 2.8% 304.4% 31.2% 328.2%
9 ADFFOODS ADF Foods ₹270.15 2,968 32.3 718 91 19.0% 12.7% 16.1% 28.2% 25.9% 13.4%
10 DIAMONDYD Prataap Snacks ₹1,102.20 2,638 — — — — — 18.3% 553.3% -5.1% 313.1%
11 TASTYBITE Tasty Bite ₹8,718.00 2,237 62.2 583 36 10.4% 6.2% -1.0% 37.9% 28.6% 7.9%
12 GRMOVER GRM Overseas ₹84.31 1,750 45.1 1,868 77 5.5% 4.1% 31.2% 22.9% 30.5% 10.2%
13 CLSEL Chaman Lal ₹298.25 1,483 11.8 1,478 125 11.6% 8.4% -3.7% 11.3% 12.6% 47.8%
14 KCK Kck Industries ₹214.00 1,361 n/m 29 0 0.1% 1.5% — — 3.2% -21.6%
15 AVTNPL AVT Natural ₹88.11 1,342 16.0 821 83 13.9% 10.1% 28.1% 32.9% 82.2% 156.7%
16 HMAAGRO HMA Agro ₹24.65 1,234 5.8 7,904 215 2.1% 2.7% 34.7% 88.4% 88.0% 8361.3%
17 SKMEGGPROD SKM Egg ₹209.79 1,106 9.9 777 112 21.0% 14.4% 54.3% 200.8% 4.9% 46.3%
18 KRISHIVAL Krishival Foods ₹419.00 1,074 40.7 332 23 10.0% 7.0% 44.7% 64.0% 79.6% 27.3%
19 MUKKA Mukka Proteins ₹27.00 810 11.0 1,768 74 8.4% 4.2% 44.0% 21.3% 186.7% 1072.7%
20 SCPL Sheetal Cool ₹653.90 687 33.1 386 21 11.6% 5.4% 33.3% 34.3% 19.0% 9.6%
21 EIFFL Euro India ₹270.10 670 123.9 157 5 10.5% 3.4% 5.8% -11.1% 15.7% 124.2%
22 TBI TBI Corn ₹314.85 572 31.1 304 18 11.3% 5.9% — — 41.5% 33.3%
23 SARVESHWAR Sarveshwar Foods ₹3.74 461 39.8 671 11 3.3% 1.6% 19.5% 18.6% 4.2% 7.7%
24 FOODSIN Foods & Inns ₹51.98 382 15.9 789 24 12.1% 3.0% -13.5% -35.9% -33.3% -46.0%
25 MEGASTAR Megastar Foods ₹286.00 323 32.5 558 10 6.4% 1.8% 49.7% 153.2% 23.5% 41.4%
❓ Frequently asked questions
What was Parag Milk Foods Limited's revenue in Q4 FY26?
Parag Milk Foods Limited reported revenue of ₹945 crore for the quarter ended March 2026 (Q4 FY26), up 3.0% from ₹918 crore in the same quarter last year, and down 6.7% sequentially over the December 2025 quarter.
What was Parag Milk Foods Limited's net profit in Q4 FY26?
Net profit rose 23.0% year-on-year to ₹32 crore, from ₹26 crore. Earnings per share (EPS) came in at ₹2.58.
What is PARAGMILK's market capitalisation and P/E ratio?
At the current price of ₹276.30, PARAGMILK has a market capitalisation of ₹3,495 crore and a trailing P/E of about 25.8.
Who owns Parag Milk Foods Limited? (shareholding pattern)
As of Sep 2026, promoters held 40.49%, foreign institutional investors (FIIs) 7.59%, domestic institutional investors (DIIs) 2.87%, public shareholders 48.67% of Parag Milk Foods Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI