Parag Milk Foods Ltd

NSE: PARAGMILK BSE: 539889

₹291.98

+42.46 (17.02%)

Sun, 08 Nov 2026, 08:40 am

MTF 5xInvest in Parag Milk Foods Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)3132.07

PE Ratio29.70

Dividend0.44

Consumer Non-Durables

Food: Meat/Fish/Dairy

24.5K

Parag Milk Foods Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-255.95M	-413.84M	-427.51M	-509.67M	-558.33M	-512.62M	-333.07M	-357.33M	-357.88M	-381.04M	-457.74M	-509.59M	-567.26M	-794.00M	-931.20M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	4.76B	6.06B	6.97B	8.29B	9.32B	10.03B	13.12B	14.18B	14.75B	17.29B	17.12B	13.95B	16.68B	18.91B	20.33B
Total current assets	2.11B	2.91B	3.46B	4.36B	5.36B	5.93B	8.37B	9.05B	9.21B	11.77B	11.86B	8.97B	11.29B	13.04B	13.58B
Cash and short term investments	13.37M	18.05M	22.19M	42.08M	55.73M	76.83M	1.01B	496.01M	120.39M	278.43M	186.51M	840.05M	152.97M	275.80M	250.50M
Cash & equivalents	13.37M	18.05M	22.19M	42.08M	55.73M	51.62M	411.19M	310.01M	73.46M	223.78M	69.45M	796.73M	137.99M	105.60M	118.90M
Short term investments	0	0	0	0	0	25.21M	597.31M	186.00M	46.93M	54.65M	117.06M	43.32M	14.98M	170.20M	131.60M
Total receivables, net	905.22M	1.43B	1.89B	2.09B	2.29B	3.10B	2.23B	3.22B	3.72B	3.94B	2.39B	1.98B	2.54B	2.44B	2.60B
Accounts receivable - trade, net	855.96M	1.19B	1.47B	1.63B	1.71B	2.36B	1.75B	2.52B	2.79B	3.03B	1.59B	1.25B	1.68B	2.44B	2.60B
Other receivables	49.26M	246.81M	413.46M	452.57M	583.31M	739.82M	484.59M	701.78M	929.99M	907.37M	795.98M	729.42M	860.22M	0	0
Total inventory	1.19B	1.46B	1.55B	2.23B	3.01B	2.72B	4.29B	4.38B	4.63B	6.33B	6.95B	4.79B	8.38B	8.50B	8.01B
Other current assets, total	0	0	0	0	0	29.66M	832.09M	945.67M	735.71M	1.20B	2.32B	1.35B	140.98M	1.30B	2.21B
Total non-current assets	2.65B	3.15B	3.51B	3.93B	3.97B	4.10B	4.75B	5.12B	5.54B	5.52B	5.26B	4.98B	5.39B	5.86B	6.75B
Long term investments	16.18M	7.18M	12.84M	19.50M	21.26M	11.16M	22.00M	11.61M	21.51M	12.45M	15.92M	15.78M	430.53M	244.10M	348.70M
Note receivable - long term	0	0	0	0	0	2.23M	6.08M	3.84M	3.80M	4.32M	4.39M	8.26M	30.00M	36.30M	5.20M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	16.18M	7.18M	12.84M	19.50M	21.26M	8.93M	15.92M	7.77M	17.71M	8.13M	11.53M	7.52M	400.53M	207.80M	343.50M
Net property/plant/equipment	2.58B	3.04B	3.35B	3.71B	3.75B	3.68B	4.23B	4.54B	4.87B	4.88B	4.77B	4.74B	4.86B	5.43B	6.25B
Gross property/plant/equipment	3.15B	3.75B	4.26B	4.89B	5.20B	5.50B	4.71B	5.52B	6.34B	6.86B	7.26B	7.75B	8.27B	9.37B	10.65B
Deferred tax assets	13.47M	38.67M	64.61M	86.88M	85.25M	121.03M	339.92M	435.32M	499.71M	479.17M	321.81M	0	—	77.80M	0
Net intangible assets	2.85M	30.44M	34.44M	42.75M	49.79M	48.90M	47.26M	47.46M	34.46M	26.51M	19.43M	3.88M	1.95M	9.00M	19.80M
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	2.85M	30.44M	34.44M	42.75M	49.79M	48.90M	47.26M	47.46M	34.46M	26.51M	19.43M	3.88M	1.95M	9.00M	19.80M
Other long term assets, total	30.84M	36.48M	49.37M	66.74M	57.80M	157.19M	113.54M	92.51M	117.28M	118.47M	117.47M	203.18M	77.81M	99.40M	125.50M
Short term debt	1.84B	2.49B	2.58B	2.84B	2.71B	2.68B	1.91B	2.28B	1.76B	3.55B	3.50B	2.63B	3.41B	3.46B	3.71B
Current portion of LT debt and capital leases	248.99M	361.74M	350.93M	357.44M	124.74M	280.08M	469.72M	274.90M	259.04M	330.42M	328.40M	52.19M	156.35M	337.20M	454.40M
Short term debt excl. current portion of LT debt	1.59B	2.13B	2.23B	2.49B	2.59B	2.40B	1.44B	2.00B	1.50B	3.22B	3.18B	2.58B	3.25B	3.12B	3.26B
Accounts payable	593.88M	849.73M	921.85M	1.24B	1.79B	1.64B	3.12B	3.03B	2.97B	2.94B	3.04B	2.26B	1.53B	2.71B	2.72B
Income tax payable	205.04M	185.55M	13.58M	130.00K	80.00K	38.14M	—	61.52M	178.35M	79.87M	1.07M	1.73M	1.16M	3.20M	0
Long term debt	1.42B	1.64B	2.33B	2.73B	2.75B	1.25B	703.07M	635.15M	646.21M	593.62M	419.11M	2.71B	2.65B	2.70B	2.83B
Long term debt excl. lease liabilities	1.41B	1.63B	2.32B	2.72B	2.75B	1.25B	701.49M	634.72M	643.53M	593.62M	419.11M	2.71B	2.65B	2.70B	2.83B
Total equity	400.75M	552.29M	798.26M	944.11M	1.24B	3.62B	6.25B	7.12B	8.27B	9.11B	9.28B	5.54B	8.08B	9.12B	10.23B
Shareholders' equity	400.67M	552.21M	798.18M	944.04M	1.24B	3.62B	6.25B	7.12B	8.27B	9.11B	9.28B	5.54B	8.08B	9.12B	10.23B
Common equity, total	400.67M	552.21M	798.18M	944.04M	1.24B	3.62B	6.25B	7.12B	8.27B	9.11B	9.28B	5.54B	8.08B	9.12B	10.23B
Other common equity	23.02M	23.02M	27.52M	32.02M	36.52M	41.02M	51.84M	48.79M	54.65M	61.59M	66.41M	195.43M	220.69M	169.30M	154.20M
Total debt	3.25B	4.13B	4.91B	5.57B	5.46B	3.93B	2.61B	2.91B	2.40B	4.14B	3.92B	5.34B	6.06B	6.16B	6.54B
Net debt	3.24B	4.11B	4.89B	5.53B	5.41B	3.85B	1.61B	2.42B	2.28B	3.86B	3.74B	4.50B	5.91B	5.89B	6.29B
Change in accounts receivable	-262.07M	-347.51M	-331.96M	-187.75M	-105.76M	-686.95M	107.84M	-937.00M	-704.69M	-802.55M	300.20M	1.07B	354.98M	-1.33B	-639.00M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	204.16M	255.85M	72.12M	327.04M	552.29M	-253.12M	1.44B	-86.15M	-62.54M	-47.76M	120.52M	-574.04M	321.40M	678.60M	-83.00M
Change in other assets/liabilities	178.24M	-132.01M	-369.75M	-17.50M	-672.14M	627.25M	-425.71M	-556.16M	-115.84M	460.00K	4.85M	-7.72M	217.49M	-10.50M	-5.30M
Sale of fixed assets & businesses	0	0	0	4.00M	4.12M	8.51M	14.52M	10.90M	4.62M	3.27M	13.09M	4.00M	2.93M	5.70M	6.80M
Purchase/sale of investments, net	0	0	-3.00M	0	0	-8.12M	0	-5.07M	128.38M	2.07M	-65.81M	77.75M	-49.99M	45.30M	-97.00M
Sale/maturity of investments	0	0	0	0	0	0	0	0	129.38M	2.08M	0	77.75M	10.00K	91.50M	0
Purchase of investments	0	0	-3.00M	0	0	-8.12M	0	-5.07M	-1.00M	-10.00K	-65.81M	0	-50.00M	-46.20M	-97.00M
Other investing cash flow items, total	-11.56M	7.83M	-8.83M	-10.10M	-1.28M	0	0	0	0	0	0	0	-30.01M	0	0
Issuance/retirement of debt, net	800.24M	762.32M	792.55M	646.46M	121.08M	233.83M	-1.26B	287.02M	-544.84M	1.59B	-184.28M	-875.21M	694.30M	195.00M	296.00M
Issuance/retirement of long term debt	108.44M	330.37M	805.78M	273.74M	20.09M	350.52M	-165.24M	-273.58M	-40.82M	-123.70M	-143.84M	21.70M	82.90M	-190.40M	164.00M
Issuance/retirement of short term debt	691.80M	431.95M	-13.23M	372.72M	100.99M	-116.69M	-916.13M	560.60M	-504.02M	1.72B	-40.44M	-896.91M	611.40M	385.40M	132.00M
Issuance/retirement of other debt	—	—	—	—	—	—	-180.00M	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	-50.62M	-76.05M	-101.41M	-42.06M	-47.69M	0	0	-59.70M
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-255.95M	-413.84M	-427.51M	-509.67M	-558.33M	-512.62M	-333.07M	-357.33M	-357.88M	-381.04M	-457.74M	-509.59M	-567.26M	-794.00M	-931.20M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	4.76B	6.06B	6.97B	8.29B	9.32B	10.03B	13.12B	14.18B	14.75B	17.29B	17.12B	13.95B	16.68B	18.91B	20.33B
Total current assets	2.11B	2.91B	3.46B	4.36B	5.36B	5.93B	8.37B	9.05B	9.21B	11.77B	11.86B	8.97B	11.29B	13.04B	13.58B
Cash and short term investments	13.37M	18.05M	22.19M	42.08M	55.73M	76.83M	1.01B	496.01M	120.39M	278.43M	186.51M	840.05M	152.97M	275.80M	250.50M
Cash & equivalents	13.37M	18.05M	22.19M	42.08M	55.73M	51.62M	411.19M	310.01M	73.46M	223.78M	69.45M	796.73M	137.99M	105.60M	118.90M
Short term investments	0	0	0	0	0	25.21M	597.31M	186.00M	46.93M	54.65M	117.06M	43.32M	14.98M	170.20M	131.60M
Total receivables, net	905.22M	1.43B	1.89B	2.09B	2.29B	3.10B	2.23B	3.22B	3.72B	3.94B	2.39B	1.98B	2.54B	2.44B	2.60B
Accounts receivable - trade, net	855.96M	1.19B	1.47B	1.63B	1.71B	2.36B	1.75B	2.52B	2.79B	3.03B	1.59B	1.25B	1.68B	2.44B	2.60B
Other receivables	49.26M	246.81M	413.46M	452.57M	583.31M	739.82M	484.59M	701.78M	929.99M	907.37M	795.98M	729.42M	860.22M	0	0
Total inventory	1.19B	1.46B	1.55B	2.23B	3.01B	2.72B	4.29B	4.38B	4.63B	6.33B	6.95B	4.79B	8.38B	8.50B	8.01B
Other current assets, total	0	0	0	0	0	29.66M	832.09M	945.67M	735.71M	1.20B	2.32B	1.35B	140.98M	1.30B	2.21B
Total non-current assets	2.65B	3.15B	3.51B	3.93B	3.97B	4.10B	4.75B	5.12B	5.54B	5.52B	5.26B	4.98B	5.39B	5.86B	6.75B
Long term investments	16.18M	7.18M	12.84M	19.50M	21.26M	11.16M	22.00M	11.61M	21.51M	12.45M	15.92M	15.78M	430.53M	244.10M	348.70M
Note receivable - long term	0	0	0	0	0	2.23M	6.08M	3.84M	3.80M	4.32M	4.39M	8.26M	30.00M	36.30M	5.20M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	16.18M	7.18M	12.84M	19.50M	21.26M	8.93M	15.92M	7.77M	17.71M	8.13M	11.53M	7.52M	400.53M	207.80M	343.50M
Net property/plant/equipment	2.58B	3.04B	3.35B	3.71B	3.75B	3.68B	4.23B	4.54B	4.87B	4.88B	4.77B	4.74B	4.86B	5.43B	6.25B
Gross property/plant/equipment	3.15B	3.75B	4.26B	4.89B	5.20B	5.50B	4.71B	5.52B	6.34B	6.86B	7.26B	7.75B	8.27B	9.37B	10.65B
Deferred tax assets	13.47M	38.67M	64.61M	86.88M	85.25M	121.03M	339.92M	435.32M	499.71M	479.17M	321.81M	0	—	77.80M	0
Net intangible assets	2.85M	30.44M	34.44M	42.75M	49.79M	48.90M	47.26M	47.46M	34.46M	26.51M	19.43M	3.88M	1.95M	9.00M	19.80M
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	2.85M	30.44M	34.44M	42.75M	49.79M	48.90M	47.26M	47.46M	34.46M	26.51M	19.43M	3.88M	1.95M	9.00M	19.80M
Other long term assets, total	30.84M	36.48M	49.37M	66.74M	57.80M	157.19M	113.54M	92.51M	117.28M	118.47M	117.47M	203.18M	77.81M	99.40M	125.50M
Short term debt	1.84B	2.49B	2.58B	2.84B	2.71B	2.68B	1.91B	2.28B	1.76B	3.55B	3.50B	2.63B	3.41B	3.46B	3.71B
Current portion of LT debt and capital leases	248.99M	361.74M	350.93M	357.44M	124.74M	280.08M	469.72M	274.90M	259.04M	330.42M	328.40M	52.19M	156.35M	337.20M	454.40M
Short term debt excl. current portion of LT debt	1.59B	2.13B	2.23B	2.49B	2.59B	2.40B	1.44B	2.00B	1.50B	3.22B	3.18B	2.58B	3.25B	3.12B	3.26B
Accounts payable	593.88M	849.73M	921.85M	1.24B	1.79B	1.64B	3.12B	3.03B	2.97B	2.94B	3.04B	2.26B	1.53B	2.71B	2.72B
Income tax payable	205.04M	185.55M	13.58M	130.00K	80.00K	38.14M	—	61.52M	178.35M	79.87M	1.07M	1.73M	1.16M	3.20M	0
Long term debt	1.42B	1.64B	2.33B	2.73B	2.75B	1.25B	703.07M	635.15M	646.21M	593.62M	419.11M	2.71B	2.65B	2.70B	2.83B
Long term debt excl. lease liabilities	1.41B	1.63B	2.32B	2.72B	2.75B	1.25B	701.49M	634.72M	643.53M	593.62M	419.11M	2.71B	2.65B	2.70B	2.83B
Total equity	400.75M	552.29M	798.26M	944.11M	1.24B	3.62B	6.25B	7.12B	8.27B	9.11B	9.28B	5.54B	8.08B	9.12B	10.23B
Shareholders' equity	400.67M	552.21M	798.18M	944.04M	1.24B	3.62B	6.25B	7.12B	8.27B	9.11B	9.28B	5.54B	8.08B	9.12B	10.23B
Common equity, total	400.67M	552.21M	798.18M	944.04M	1.24B	3.62B	6.25B	7.12B	8.27B	9.11B	9.28B	5.54B	8.08B	9.12B	10.23B
Other common equity	23.02M	23.02M	27.52M	32.02M	36.52M	41.02M	51.84M	48.79M	54.65M	61.59M	66.41M	195.43M	220.69M	169.30M	154.20M
Total debt	3.25B	4.13B	4.91B	5.57B	5.46B	3.93B	2.61B	2.91B	2.40B	4.14B	3.92B	5.34B	6.06B	6.16B	6.54B
Net debt	3.24B	4.11B	4.89B	5.53B	5.41B	3.85B	1.61B	2.42B	2.28B	3.86B	3.74B	4.50B	5.91B	5.89B	6.29B
Change in accounts receivable	-262.07M	-347.51M	-331.96M	-187.75M	-105.76M	-686.95M	107.84M	-937.00M	-704.69M	-802.55M	300.20M	1.07B	354.98M	-1.33B	-639.00M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	204.16M	255.85M	72.12M	327.04M	552.29M	-253.12M	1.44B	-86.15M	-62.54M	-47.76M	120.52M	-574.04M	321.40M	678.60M	-83.00M
Change in other assets/liabilities	178.24M	-132.01M	-369.75M	-17.50M	-672.14M	627.25M	-425.71M	-556.16M	-115.84M	460.00K	4.85M	-7.72M	217.49M	-10.50M	-5.30M
Sale of fixed assets & businesses	0	0	0	4.00M	4.12M	8.51M	14.52M	10.90M	4.62M	3.27M	13.09M	4.00M	2.93M	5.70M	6.80M
Purchase/sale of investments, net	0	0	-3.00M	0	0	-8.12M	0	-5.07M	128.38M	2.07M	-65.81M	77.75M	-49.99M	45.30M	-97.00M
Sale/maturity of investments	0	0	0	0	0	0	0	0	129.38M	2.08M	0	77.75M	10.00K	91.50M	0
Purchase of investments	0	0	-3.00M	0	0	-8.12M	0	-5.07M	-1.00M	-10.00K	-65.81M	0	-50.00M	-46.20M	-97.00M
Other investing cash flow items, total	-11.56M	7.83M	-8.83M	-10.10M	-1.28M	0	0	0	0	0	0	0	-30.01M	0	0
Issuance/retirement of debt, net	800.24M	762.32M	792.55M	646.46M	121.08M	233.83M	-1.26B	287.02M	-544.84M	1.59B	-184.28M	-875.21M	694.30M	195.00M	296.00M
Issuance/retirement of long term debt	108.44M	330.37M	805.78M	273.74M	20.09M	350.52M	-165.24M	-273.58M	-40.82M	-123.70M	-143.84M	21.70M	82.90M	-190.40M	164.00M
Issuance/retirement of short term debt	691.80M	431.95M	-13.23M	372.72M	100.99M	-116.69M	-916.13M	560.60M	-504.02M	1.72B	-40.44M	-896.91M	611.40M	385.40M	132.00M
Issuance/retirement of other debt	—	—	—	—	—	—	-180.00M	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	-50.62M	-76.05M	-101.41M	-42.06M	-47.69M	0	0	-59.70M
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0