Dodla Dairy Ltd. (DODLA) AI Stock Analysis

Dodla Dairy Ltd.

(NSE:DODLA)

Select Model

Rating:71Outperform

Price Target:INR 1,075.00▲(10.48% Upside)

Action:upgraded

Date:08/20/26

The company's fortress-like balance sheet and consistent profitability are the primary strengths. However, significant gross margin compression and a relatively high valuation temper the outlook. Technical indicators are neutral, providing no clear directional catalyst.

Positive Factors

Revenue GrowthThe near-doubling of revenue over five years indicates meaningful scale expansion and sustained demand for Dodla Dairy’s products. A larger revenue base can improve distribution economics, support brand investment, and provide a durable platform for future growth across liquid milk and value-added categories.

Negative Factors

Margin CompressionThe recent decline in gross and operating margins signals pressure in the spread between milk procurement costs and selling prices, or from product mix and operating costs. If this softness persists, revenue growth may translate less effectively into earnings and could limit reinvestment capacity.

Dodla Dairy Ltd. (DODLA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 59.09B
Dividend Yield: 0.51%
Average Volume (3M): 5,281
Price to Earnings (P/E): 27.4
Beta (1Y): 1.04
Revenue Growth: 17.12%
EPS Growth: -17.06%
Country: India
Employees: 3,159
Sector: General
Sector Strength: 55
Industry: Food Distribution

Dodla Dairy Ltd. Business Overview & Revenue Model

Company Description

Dodla Dairy Limited, along with its associated companies, is involved in the manufacturing and distribution of dairy and milk-derived items across India and globally. Its extensive product portfolio includes various types of milk, such as toned, stan...

How the Company Makes Money

Dodla Dairy makes money primarily by converting raw milk procured from dairy farmers into higher-value finished dairy products and selling them through retail and institutional channels. Key revenue streams include: (1) Sale of liquid milk: Packaged...

Dodla Dairy Ltd. Financial Statement Overview

Summary

Strong balance sheet with minimal debt (D/E 0.034) and healthy ROE (16%). Revenue grew 7.5% and net income improved, but gross margin contracted significantly to 18.7% and cash flow shows some volatility. Overall financial health is sound.

Income Statement

75Positive

Balance Sheet

90Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	43.16B	41.25B	37.20B	31.25B	28.12B	22.42B
Gross Profit	7.77B	7.71B	10.21B	5.39B	4.05B	5.90B
EBITDA	3.32B	3.08B	3.81B	3.17B	2.15B	2.25B
Net Income	2.45B	2.67B	2.60B	1.67B	1.22B	1.33B
Balance Sheet
Total Assets	0	20.96B	17.31B	14.78B	12.51B	10.88B
Cash, Cash Equivalents and Short-Term Investments	5.70B	5.63B	7.32B	2.87B	3.15B	2.38B
Total Debt	0	569.95M	424.34M	457.87M	323.26M	128.73M
Total Liabilities	-16.74B	4.21B	3.25B	3.39B	2.79B	2.45B
Stockholders Equity	16.74B	16.74B	14.06B	11.39B	9.72B	8.43B
Cash Flow
Free Cash Flow	946.78M	1.49B	4.10B	-1.07B	523.37M	993.84M
Operating Cash Flow	1.72B	3.11B	5.20B	-7.12M	1.61B	1.71B
Investing Cash Flow	-1.18B	-3.03B	-5.28B	300.17M	-2.14B	-1.38B
Financing Cash Flow	-179.61M	-234.87M	-77.02M	-12.50M	145.91M	-488.78M

Dodla Dairy Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price973.05

Price Trends

50DMA1043.47Negative

100DMA1063.22Negative

200DMA1084.56Negative

Market Momentum

MACD-18.02Positive

RSI39.80Neutral

STOCH27.82Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DODLA, the sentiment is Negative. The current price of 973.05 is below the 20-day moving average (MA) of 995.83, below the 50-day MA of 1043.47, and below the 200-day MA of 1084.56, indicating a bearish trend. The MACD of -18.02 indicates Positive momentum. The RSI at 39.80 is Neutral, neither overbought nor oversold. The STOCH value of 27.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DODLA.

Dodla Dairy Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:DODLA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DODLA	71Outperform	INR 58.70B	27.39	―	0.51%	17.12%	-17.06%
IN:GOKULAGRO	65Neutral	INR 63.44B	13.60	―	―	21.04%	59.07%
IN:MBAPL	63Neutral	INR 81.27B	50.17	―	0.06%	47.70%	108.83%
IN:SAPPHIRE	63Neutral	INR 63.89B	-1358.70	―	―	13.32%	-534.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:WESTLIFE	54Neutral	INR 92.66B	4811.99	―	0.07%	9.87%	-94.82%

* General Sector Average

Performance Comparison

IN:DODLA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:DODLA	Dodla Dairy Ltd.	973.05	-277.31	-22.18%
IN:GOKULAGRO	Gokul Agro Resources Ltd.	215.00	47.30	28.21%
IN:MBAPL	Madhya Bharat Agro Products Ltd.	177.11	95.48	116.97%
IN:SAPPHIRE	Sapphire Foods India Ltd.	198.80	-87.75	-30.62%
IN:WESTLIFE	Westlife Foodworld Limited	594.20	8.96	1.53%
IN:KWIL	Kwality Walls (India) Limited	36.66	7.15	24.23%

Dodla Dairy Ltd. Corporate Events

Dodla Dairy Delivers Record Volumes but Faces Margin Strain in Q2 FY27

Oct 28, 2026

Dodla Dairy reported its unaudited results for the second quarter and first half of FY27, highlighting record milk procurement of 21.3 lakh litres per day and an 8.4% year-on-year rise in milk sales volume to 14.2 LLPD. Value-added product sales reac...

Dodla Dairy Releases Q2 FY27 Investor Presentation on Unaudited Results

Oct 28, 2026

Dodla Dairy Limited has submitted an investor presentation to stock exchanges covering its unaudited financial results for the second quarter and half year ended 30 September 2026. The disclosure, made under Regulation 30 of SEBI’s listing rule...

Dodla Dairy disputes FSSAI test findings, reports no current business impact

Oct 18, 2026

Dodla Dairy has issued a clarification on reports that India’s food regulator FSSAI has initiated legal proceedings related to a sample of its Full Cream Milk drawn from the Batlagundu plant in January 2026. The company detailed that the primar...

Dodla Dairy Confirms SEBI Compliance on Dematerialisation for Q2 FY2026-27

Oct 3, 2026

Dodla Dairy Limited has notified the stock exchanges that it has received a certificate from its Registrar and Transfer Agent, KFin Technologies Limited, confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulati...

Dodla Dairy to Hold Non-Deal Roadshow With Investors in Pune

Sep 2, 2026

Dodla Dairy Limited has announced that its officials will participate in a non-deal roadshow to meet analysts and institutional investors in Pune on 8 September 2026, organized by 360 One Capital. The meetings will be held in one-on-one and group for...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 20, 2026

Dodla Dairy Ltd. AI Stock Analysis