BSE: 500231 | NSE: UMANGDAIRY | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Umang Dairies Ltd is a below average quality company.
The key valuation ratios of Umang Dairies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Umang Dairies Ltd is likely to Fall 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 % ⓘ | 30.5% | 22.7% | 5.9% | 11.3% | 11.4% | 8.1% | 9.9% | -15.6% | 0.4% | 7.4% | - |
| Value Creation Index ⓘ | 1.2 | 0.6 | -0.6 | -0.2 | -0.2 | -0.4 | -0.3 | -2.1 | -1.0 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 251 | 189 | 209 | 245 | 224 | 245 | 248 | 204 | 293 | 286 | 249 |
| Sales YoY Gr. | - | -24.8% | 10.8% | 17.2% | -8.8% | 9.4% | 1.3% | -17.7% | 43.5% | -2.3% | - |
| Adj EPS ⓘ | 3.9 | 3.4 | 0.7 | 2.4 | 2.3 | 1.3 | 1.9 | -6.5 | -1.5 | 0.6 | 2.7 |
| YoY Gr. | - | -12.4% | -80.6% | 263.6% | -5% | -43.9% | 45.3% | -448.4% | NA | NA | - |
| BVPS (₹) ⓘ | 12.3 | 14.5 | 21.6 | 24.1 | 26.1 | 26.8 | 28.1 | 21.2 | 19.9 | 20.5 | 20 |
| Adj Net Profit ⓘ | 8.6 | 7.5 | 1.5 | 5.3 | 5 | 2.8 | 4.1 | -14.3 | -3.3 | 1.3 | 6 |
| Cash Flow from Ops. ⓘ | 10.2 | 15 | 7.3 | -5.3 | 26.1 | 2.9 | 12.2 | -9 | 5.6 | 18.7 | - |
| Debt/CF from Ops. ⓘ | 1.8 | 1.5 | 4 | -8.4 | 1.2 | 14.6 | 2.9 | -6 | 9.8 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.5% | 5% | 4.9% | -2.3% | ||||
| Adj EPS ⓘ | -19% | -24% | -32.2% | NA | ||||
| BVPSⓘ | 5.8% | -4.7% | -10% | 2.8% | ||||
| Share Price | 3.9% | 17.5% | 4.2% | 17.5% | ||||
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 % ⓘ | 30.8 | 22.6 | 3.5 | 10.5 | 9.1 | 4.9 | 6.8 | -26.3 | -7.2 | 2.9 | 13.4 |
| Op. Profit Mgn % ⓘ | 6.6 | 7.8 | 2.8 | 5.3 | 5.4 | 4.5 | 5.5 | -7 | 1.2 | 3.3 | 5 |
| Net Profit Mgn % ⓘ | 3.4 | 4 | 0.7 | 2.2 | 2.3 | 1.2 | 1.7 | -7 | -1.1 | 0.5 | 2.4 |
| Debt to Equity ⓘ | 0.6 | 0.6 | 0.6 | 0.8 | 0.5 | 0.7 | 0.6 | 1.1 | 1.2 | 0.9 | 0.3 |
| Working Cap Days ⓘ | 80 | 102 | 88 | 80 | 87 | 96 | 120 | 137 | 97 | 86 | 35 |
| Cash Conv. Cycle ⓘ | 54 | 68 | 54 | 52 | 59 | 62 | 72 | 87 | 59 | 45 | 1 |
Return on Equity has increased versus last 3 years average to 13.40%
Debt to equity has declined versus last 3 years average to 0.94
Sales growth has been subdued in last 3 years 4.90%
Net Profit has been subdued in last 3 years -32.19%
Sales growth is not so good in last 4 quarters at -20.13%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | - |
| TTM Sales (₹ Cr.) | 249 | - |
| BVPS (₹.) ⓘ | 20 | - |
| Reserves (₹ Cr.) ⓘ | 33 | - |
| P/BV ⓘ | 4.27 | - |
| PE ⓘ | 31.49 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 66.65 / 165.00 |
| All Time Low / High (₹) | 1.00 / 165.00 |
| Market Cap (₹ Cr.) | 188 |
| Equity (₹ Cr.) | 11 |
| Face Value (₹) | 5 |
| 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 | 251 | 189 | 209 | 245 | 224 | 245 | 248 | 204 | 293 | 286 |
| Operating Expenses ⓘ | 235 | 174 | 203 | 232 | 212 | 234 | 234 | 218 | 289 | 277 |
| Manufacturing Costs | 32 | 29 | 22 | 37 | 41 | 43 | 43 | 45 | 54 | 51 |
| Material Costs | 178 | 119 | 151 | 158 | 129 | 148 | 148 | 131 | 190 | 182 |
| Employee Cost | 11 | 13 | 15 | 22 | 23 | 23 | 22 | 24 | 25 | 26 |
| Other Costs ⓘ | 15 | 14 | 15 | 16 | 19 | 19 | 22 | 18 | 21 | 18 |
| Operating Profit ⓘ | 16 | 15 | 6 | 13 | 12 | 11 | 14 | -14 | 4 | 9 |
| Operating Profit Margin (%) | 6.5% | 7.8% | 2.8% | 5.3% | 5.4% | 4.5% | 5.5% | -7.0% | 1.2% | 3.3% |
| Other Income ⓘ | 0 | 0 | 1 | 0 | 2 | 1 | 1 | 4 | 2 | 2 |
| Interest ⓘ | 1 | 1 | 1 | 4 | 4 | 4 | 4 | 4 | 5 | 6 |
| Depreciation ⓘ | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 13 | 12 | 2 | 6 | 7 | 4 | 6 | -20 | -4 | 1 |
| Tax ⓘ | 4 | 4 | 1 | 1 | 1 | 1 | 2 | -5 | -1 | 0 |
| Profit After Tax | 9 | 8 | 2 | 5 | 5 | 3 | 4 | -14 | -3 | 1 |
| PAT Margin (%) | 3.4% | 4.0% | 0.8% | 2.1% | 2.3% | 1.2% | 1.7% | -7.0% | -1.1% | 0.5% |
| Adjusted EPS (₹) | 3.9 | 3.4 | 0.8 | 2.4 | 2.3 | 1.3 | 1.9 | -6.5 | -1.5 | 0.6 |
| Dividend Payout Ratio (%) | 26% | 29% | 0% | 10% | 22% | 39% | 27% | 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 | 31 | 35 | 48 | 53 | 57 | 59 | 62 | 47 | 44 | 45 |
| Share Capital ⓘ | 15 | 15 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 16 | 21 | 37 | 42 | 46 | 48 | 51 | 36 | 33 | 34 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 15 | 17 | 24 | 41 | 26 | 40 | 34 | 50 | 50 | 40 |
| Long Term Debt | 4 | 9 | 6 | 8 | 5 | 6 | 5 | 20 | 18 | 15 |
| Short Term Debt | 11 | 8 | 18 | 33 | 21 | 33 | 29 | 30 | 32 | 25 |
| Trade Payables | 8 | 4 | 14 | 7 | 10 | 26 | 24 | 21 | 31 | 11 |
| Others Liabilities ⓘ | 38 | 45 | 38 | 32 | 35 | 41 | 46 | 32 | 40 | 27 |
| Total Liabilities ⓘ | 91 | 102 | 124 | 133 | 128 | 166 | 167 | 149 | 165 | 123 |
Fixed Assets | ||||||||||
| Gross Block | 62 | 65 | 75 | 78 | 85 | 96 | 101 | 104 | 105 | 106 |
| Accumulated Depreciation | 28 | 31 | 3 | 7 | 11 | 15 | 19 | 24 | 30 | 34 |
| Net Fixed Assetsⓘ | 33 | 34 | 72 | 71 | 74 | 81 | 81 | 79 | 75 | 72 |
| CWIP ⓘ | 1 | 17 | 0 | 4 | 3 | 1 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Inventories | 43 | 35 | 39 | 37 | 31 | 66 | 64 | 53 | 74 | 33 |
| Trade Receivables | 4 | 3 | 4 | 12 | 11 | 9 | 15 | 11 | 6 | 9 |
| Cash Equivalents | 1 | 1 | 1 | 1 | 1 | 5 | 1 | 2 | 3 | 1 |
| Others Assetsⓘ | 8 | 12 | 7 | 7 | 7 | 4 | 6 | 5 | 7 | 6 |
| Total Assets ⓘ | 91 | 102 | 124 | 133 | 128 | 166 | 167 | 149 | 165 | 123 |
| 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 ⓘ | 10 | 15 | 7 | -5 | 26 | 3 | 12 | -9 | 6 | 19 |
| PBT ⓘ | 13 | 12 | 2 | 6 | 7 | 4 | 6 | -20 | -4 | 1 |
| Adjustment ⓘ | 4 | 3 | 4 | 7 | 7 | 8 | 8 | 6 | 9 | 9 |
| Changes in Working Capital ⓘ | -3 | 6 | 3 | -17 | 13 | -11 | -1 | 4 | 1 | 7 |
| Tax Paid ⓘ | -3 | -6 | -2 | -1 | -1 | 2 | -1 | 0 | 0 | 1 |
| Cash Flow From Investing Activity ⓘ | -8 | -15 | -7 | -7 | -6 | -5 | -5 | -2 | -2 | -4 |
| Capex | -8 | -17 | -7 | -7 | -7 | -5 | -5 | -2 | -2 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 |
| Others ⓘ | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -3 | 0 | 0 | 12 | -20 | 6 | -11 | 12 | -3 | -17 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 5 | 11 | -3 | 0 | -1 | -1 | -2 | 17 | -1 | -5 |
| Interest Paid ⓘ | -1 | -1 | -2 | -4 | -4 | -4 | -3 | -4 | -4 | -4 |
| Dividend Paid ⓘ | -2 | -3 | 0 | 0 | -1 | -1 | -1 | -1 | 0 | 0 |
| Others ⓘ | -4 | -7 | 5 | 16 | -14 | 12 | -5 | 0 | 2 | -7 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 4 | -4 | 1 | 1 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 35.22 | 25.47 | 4.15 | 10.49 | 9.15 | 4.86 | 6.78 | -26.27 | -7.2 | 3.01 |
| ROCE (%) | 30.52 | 22.67 | 5.85 | 11.31 | 11.36 | 8.14 | 9.88 | -15.56 | 0.4 | 7.43 |
| Asset Turnover Ratio | 2.86 | 1.97 | 1.86 | 1.91 | 1.71 | 1.66 | 1.49 | 1.29 | 1.86 | 1.99 |
| PAT to CFO Conversion(x) | 1.11 | 1.88 | 3.5 | -1 | 5.2 | 1 | 3 | N/A | N/A | 19 | Working Capital Days |
| Receivable Days | 7 | 7 | 6 | 12 | 19 | 15 | 17 | 23 | 11 | 9 |
| Inventory Days | 60 | 75 | 65 | 57 | 56 | 73 | 96 | 104 | 79 | 68 |
| Payable Days | 17 | 19 | 22 | 25 | 25 | 45 | 62 | 63 | 50 | 42 |
Umang Dairies, a JK Group company was setup in 1994 .The Dairy plant of the company is situated 120 kms from Delhi in the town of Gajraula (Uttar Pradesh), is a state of the art milk processing plant. The plant has a capacity to process over 3,00,000 litres of milk per day.
Umang Dairies Ltd. is engaged in the production and sale of Milk Powders and Ghee (Clarified Butter).
The plant has the state of art equipments, imported from Gaulin (USA) & Hassia (Germany). Other major euipments have been indigenously designed by Alpha Laval. Quality milk is collected through their own extensive Village Collection System - 800 villages & 25000 farmers.
The company's products are sold both in bulk and in consumer packs. It has strong presence in the branded segment of milk powders in India. The sales and distribution network of the company serves over 258,000 retail outlets through 600 distributors. Company also regularly exports its products, primarily Skimmed Milk Powder. Leveraging its strong distribution reach, the company also undertakes distribution of third party products.
The company's R&D Centre has developed many food products like Low Bulk Density Milk Powder, Flavoured Milk Powders, Malted Milkfood, High Protein Beverages, Carbonated Lemonade Powder, Weaning Foods and Fresh Cream. Umang Dairies Ltd. also manufactures and supplies milk ingredients for tea and coffee beverages – both for hot and cold applications.
A fully developed R&D centre constantly works for improving systems of milk collection, processing and product upgradation. Extensive market coverage through 600 distributors servicing over 2.5 lac retail outlets.
Dairy Top Instant Dairy Whitener is the undisputed market leader in its segment.
Product range of the company includes:
Consumer Packs
Bulk Packs
Achievements/ recognition:-
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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