BSE: 543306 | NSE: DODLA | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dodla Dairy Ltd is a good quality company.
The key valuation ratios of Dodla Dairy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dodla Dairy Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.7% | 24.9% | 19.7% | 19.2% | 17.6% | 11.8% | 28.8% | 23.1% | 14% | 21.6% | - |
| Value Creation Index ⓘ | -0.4 | 0.9 | 0.5 | 0.4 | 0.3 | -0.2 | 1.1 | 0.7 | -0 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,018 | 1,182 | 1,410 | 1,537 | 1,598 | 1,988 | 1,837 | 2,096 | 2,584 | 2,907 | 3,160 |
| Sales YoY Gr. | - | 16.1% | 19.3% | 9% | 4% | 24.4% | -7.6% | 14.1% | 23.3% | 12.5% | - |
| Adj EPS ⓘ | 2.5 | 6.6 | 8.3 | 9.2 | 9.5 | 5.2 | 18.6 | 23 | 16 | 26 | 33.2 |
| YoY Gr. | - | 160.2% | 26% | 10.2% | 3.2% | -45.4% | 260.5% | 23.5% | -30.6% | 62.5% | - |
| BVPS (₹) ⓘ | 39 | 43.9 | 52.2 | 61.6 | 71 | 70.8 | 103.1 | 131.8 | 147.9 | 173.7 | 193.6 |
| Adj Net Profit ⓘ | 14.2 | 36.8 | 46.4 | 51.1 | 52.7 | 28.8 | 109 | 137 | 95.1 | 154 | 201 |
| Cash Flow from Ops. ⓘ | -41.9 | 131 | 59.8 | 82.8 | 118 | 103 | 217 | 145 | 140 | -14.9 | - |
| Debt/CF from Ops. ⓘ | -3 | 0.8 | 2.3 | 1.5 | 1.3 | 1.5 | 0.4 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.4% | 12.7% | 16.5% | 12.5% | ||||
| Adj EPS ⓘ | 29.5% | 22.4% | 11.7% | 62.5% | ||||
| BVPSⓘ | 18.1% | 19.6% | 19% | 17.4% | ||||
| Share Price | - | - | 26.1% | 47.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.8 | 16 | 17.4 | 16.2 | 14.3 | 7.3 | 21.7 | 19.7 | 11.4 | 16.1 | 18.1 |
| Op. Profit Mgn % ⓘ | 3 | 8.4 | 6.2 | 6.9 | 7.2 | 5 | 11.9 | 8.9 | 5.8 | 8.5 | 9.8 |
| Net Profit Mgn % ⓘ | 1.4 | 3.1 | 3.3 | 3.3 | 3.3 | 1.5 | 5.9 | 6.5 | 3.7 | 5.3 | 6.4 |
| Debt to Equity ⓘ | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 56 | 50 | 37 | 38 | 38 | 30 | 29 | 29 | 27 | 38 | 38 |
| Cash Conv. Cycle ⓘ | 23 | 24 | 11 | 12 | 12 | 8 | 3 | 1 | 0 | 14 | 24 |
Return on Equity has increased versus last 3 years average to 18.10%
Sales growth is growing at healthy rate in last 3 years 16.53%
Net Profit is growing at healthy rate in last 3 years 11.67%
Sales growth is good in last 4 quarters at 14.38%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 33.2 | 35.9 |
| TTM Sales (₹ Cr.) | 3,160 | 3,444 |
| BVPS (₹.) ⓘ | 193.6 | 213.8 |
| Reserves (₹ Cr.) ⓘ | 1,107 | 1,229 |
| P/BV ⓘ | 6.07 | 5.50 |
| PE ⓘ | 35.37 | 32.76 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 777.50 / 1345.70 |
| All Time Low / High (₹) | 385.00 / 1345.70 |
| Market Cap (₹ Cr.) | 7,094 |
| Equity (₹ Cr.) | 60.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,018 | 1,182 | 1,410 | 1,537 | 1,598 | 1,988 | 1,837 | 2,096 | 2,584 | 2,907 |
| Operating Expenses ⓘ | 988 | 1,087 | 1,323 | 1,432 | 1,483 | 1,889 | 1,619 | 1,910 | 2,434 | 2,661 |
| Manufacturing Costs | 84 | 100 | 70 | 84 | 101 | 97 | 57 | 67 | 79 | 90 |
| Material Costs | 805 | 869 | 1,118 | 1,199 | 1,202 | 1,560 | 1,298 | 1,537 | 2,002 | 2,164 |
| Employee Cost | 33 | 46 | 52 | 61 | 71 | 84 | 82 | 94 | 109 | 123 |
| Other Costs ⓘ | 66 | 73 | 83 | 89 | 109 | 148 | 183 | 213 | 244 | 284 |
| Operating Profit ⓘ | 30 | 95 | 87 | 105 | 115 | 98 | 217 | 186 | 150 | 246 |
| Operating Profit Margin (%) | 3.0% | 8.0% | 6.2% | 6.8% | 7.2% | 5.0% | 11.8% | 8.9% | 5.8% | 8.5% |
| Other Income ⓘ | 6 | 8 | 7 | 6 | 8 | 13 | 8 | 33 | 24 | 25 |
| Interest ⓘ | 8 | 13 | 8 | 11 | 11 | 17 | 13 | 7 | 2 | 2 |
| Depreciation ⓘ | 13 | 16 | 18 | 25 | 34 | 46 | 47 | 49 | 58 | 64 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 16 | 74 | 68 | 75 | 79 | 48 | 165 | 163 | 115 | 206 |
| Tax ⓘ | 0 | 38 | 22 | 25 | 26 | 19 | 57 | 27 | 20 | 52 |
| Profit After Tax | 15 | 36 | 46 | 51 | 52 | 28 | 108 | 137 | 95 | 154 |
| PAT Margin (%) | 1.5% | 3.0% | 3.3% | 3.3% | 3.3% | 1.4% | 5.9% | 6.5% | 3.7% | 5.3% |
| Adjusted EPS (₹) | 2.8 | 6.4 | 8.3 | 9.1 | 9.4 | 5.1 | 18.6 | 23.0 | 16.0 | 25.9 |
| Dividend Payout Ratio (%) | 0% | 23% | 0% | 0% | 0% | 102% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 217 | 244 | 290 | 343 | 395 | 394 | 601 | 784 | 880 | 1,033 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 56 | 56 | 58 | 59 | 59 | 59 |
| Reserves ⓘ | 214 | 241 | 287 | 340 | 339 | 339 | 543 | 725 | 821 | 974 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 121 | 103 | 128 | 117 | 142 | 127 | 53 | 0 | 0 | 0 |
| Long Term Debt | 8 | 32 | 32 | 22 | 110 | 87 | 53 | 0 | 0 | 0 |
| Short Term Debt | 113 | 71 | 97 | 94 | 31 | 40 | 0 | 0 | 0 | 0 |
| Trade Payables | 36 | 35 | 49 | 59 | 70 | 68 | 81 | 90 | 109 | 125 |
| Others Liabilities ⓘ | 36 | 53 | 63 | 82 | 117 | 144 | 167 | 130 | 125 | 144 |
| Total Liabilities ⓘ | 411 | 436 | 531 | 601 | 723 | 733 | 903 | 1,005 | 1,114 | 1,302 |
Fixed Assets | ||||||||||
| Gross Block | 162 | 214 | 252 | 340 | 538 | 603 | 659 | 720 | 823 | 893 |
| Accumulated Depreciation | 35 | 51 | 18 | 42 | 75 | 118 | 164 | 210 | 260 | 315 |
| Net Fixed Assetsⓘ | 127 | 164 | 234 | 297 | 464 | 484 | 495 | 510 | 563 | 578 |
| CWIP ⓘ | 5 | 36 | 30 | 15 | 11 | 8 | 8 | 4 | 30 | 12 |
| Investmentsⓘ | 85 | 95 | 109 | 108 | 67 | 55 | 104 | 228 | 309 | 238 |
| Inventories | 142 | 89 | 83 | 130 | 117 | 111 | 85 | 108 | 97 | 355 |
| Trade Receivables | 1 | 1 | 1 | 2 | 4 | 4 | 5 | 5 | 8 | 9 |
| Cash Equivalents | 11 | 9 | 7 | 11 | 10 | 27 | 160 | 60 | 31 | 39 |
| Others Assetsⓘ | 41 | 42 | 67 | 38 | 51 | 43 | 46 | 89 | 74 | 71 |
| Total Assets ⓘ | 411 | 436 | 531 | 601 | 723 | 733 | 903 | 1,005 | 1,114 | 1,302 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -42 | 131 | 60 | 83 | 118 | 103 | 217 | 145 | 140 | -15 |
| PBT ⓘ | 16 | 74 | 68 | 75 | 79 | 48 | 165 | 163 | 115 | 206 |
| Adjustment ⓘ | 20 | 26 | 19 | 31 | 42 | 53 | 54 | 27 | 39 | 46 |
| Changes in Working Capital ⓘ | -76 | 64 | -6 | -8 | 16 | 5 | 47 | -6 | 16 | -223 |
| Tax Paid ⓘ | -2 | -34 | -22 | -16 | -19 | -2 | -50 | -39 | -30 | -44 |
| Cash Flow From Investing Activity ⓘ | -34 | -96 | -80 | -61 | -140 | -45 | -166 | -129 | -166 | 32 |
| Capex | -50 | -90 | -74 | -66 | -186 | -67 | -51 | -70 | -71 | -62 |
| Net Investments | 35 | -3 | -2 | 5 | 45 | 18 | -120 | -83 | -90 | 87 |
| Others ⓘ | -18 | -3 | -5 | 1 | 0 | 4 | 6 | 24 | -5 | 7 |
| Cash Flow From Financing Activityⓘ | 44 | -37 | 19 | -40 | 62 | -26 | 11 | -49 | -3 | -3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 50 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -23 | 25 | 2 | -7 | 40 | -16 | -23 | -87 | 0 | 0 |
| Interest Paid ⓘ | -7 | -11 | -10 | -10 | -11 | -14 | -12 | -6 | 0 | 0 |
| Dividend Paid ⓘ | 0 | -10 | 0 | 0 | 0 | -18 | -11 | 0 | 0 | 0 |
| Others ⓘ | 74 | -41 | 28 | -22 | 33 | 23 | -43 | -6 | -3 | -3 |
| Net Cash Flow ⓘ | -32 | -2 | -1 | -18 | 39 | 33 | 61 | -33 | -29 | 13 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.33 | 15.43 | 17.25 | 15.94 | 14.2 | 7.21 | 21.78 | 19.72 | 11.41 | 16.08 |
| ROCE (%) | 7.65 | 24.94 | 19.69 | 19.17 | 17.55 | 11.75 | 28.78 | 23.09 | 13.99 | 21.61 |
| Asset Turnover Ratio | 2.66 | 2.79 | 2.92 | 2.72 | 2.48 | 2.79 | 2.29 | 2.22 | 2.47 | 2.44 |
| PAT to CFO Conversion(x) | -2.8 | 3.64 | 1.3 | 1.63 | 2.27 | 3.68 | 2.01 | 1.06 | 1.47 | -0.1 | Working Capital Days |
| Receivable Days | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 34 | 36 | 22 | 25 | 27 | 21 | 19 | 17 | 14 | 28 |
| Payable Days | 14 | 15 | 14 | 16 | 20 | 16 | 21 | 20 | 18 | 20 |
Dodla Dairy is an integrated dairy company based in south India primarily deriving all of its revenue from the sale of milk and dairy based VAPs in the branded consumer market. The company’s operations in India are primarily across the five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Its overseas operations are based in Uganda and Kenya. Its Indian operations are undertaken under its brands “Dodla Dairy”, “Dodla” and “KC+”. Its overseas operations are undertaken under brands “Dodla Dairy”, “Dairy Top” and “Dodla+”. It processes and sells retail milk (full cream, standardised, toned and double toned) and produce dairy based value-added products (VAPs) such as curd, Ultra-High Temperature processed (UHT) milk, ghee, butter, flavoured milk and ice cream amongst others. It also manufactures and sell cattle feed to farmers through its procurement network. Its integrated business model in India consists of procurement, processing, distribution and marketing operations. Its procurement operations are spread across the states of Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and Maharashtra.
Business area of the company
The company is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.
Awards, accreditations and recognitions
Major events and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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