Parag Milk Foods Ltd. AI Stock Analysis
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Parag Milk Foods Ltd. (PARAGMILK) AI Stock Analysis
Parag Milk Foods Ltd.
(NSE:PARAGMILK)
The score is driven by strong technical momentum (price well above key moving averages with positive MACD), partially offset by moderate financial fundamentals where cash-flow volatility (FY2026 free cash flow turning negative again) is the main risk. Valuation further tempers the score due to a higher P/E and a very low dividend yield.
Parag Milk Foods Ltd. (PARAGMILK) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 40.35B
- Dividend Yield
- 0.34%
- Average Volume (3M)
- 178.69K
- Price to Earnings (P/E)
- 32.3
- Beta (1Y)
- 1.62
- Revenue Growth
- 13.13%
- EPS Growth
- -10.08%
- Country
- India
- Employees
- 1,772
- Sector
- General
- Sector Strength
- 55
- Industry
- Packaged Foods
Parag Milk Foods Ltd. Business Overview & Revenue Model
Company Description
Established in 1992 and headquartered in Mumbai, India, Parag Milk Foods Limited is a key entity in the dairy sector, focusing on the production, processing, and sale of an extensive range of milk and dairy-derived products. The company markets its d...
How the Company Makes Money
Parag Milk Foods makes money primarily by selling branded dairy products and dairy ingredients through retail and institutional channels. Its core revenue model is built on: (1) Branded consumer dairy: The company procures raw milk from farmers/milk...
Parag Milk Foods Ltd. Financial Statement Overview
Summary
Income statement shows recovery and steady revenue growth with improving profitability, and leverage has improved as debt-to-equity declined. However, cash flow is the key weakness: operating cash flow dropped sharply in FY2026 and free cash flow turned negative again, raising concerns about earnings-to-cash conversion and working-capital/reinvestment intensity.
Income Statement
66PositiveBalance Sheet
63PositiveCash Flow
48Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.43B | 38.17B | 34.32B | 31.39B | 28.54B | 20.55B |
| Gross Profit | 8.37B | 7.65B | 8.85B | 7.34B | 5.42B | -2.43B |
| EBITDA | 3.17B | 3.05B | 2.53B | 2.23B | 1.65B | -4.17B |
| Net Income | 1.26B | 1.35B | 1.19B | 905.83M | 532.54M | -5.32B |
Balance Sheet | ||||||
| Total Assets | 25.40B | 22.81B | 20.33B | 18.91B | 16.68B | 13.95B |
| Cash, Cash Equivalents and Short-Term Investments | 179.70M | 182.70M | 250.50M | 275.74M | 152.97M | 840.05M |
| Total Debt | 8.18B | 6.07B | 6.54B | 6.45B | 6.06B | 5.34B |
| Total Liabilities | 12.30B | 10.22B | 10.09B | 9.79B | 8.60B | 8.41B |
| Stockholders Equity | 13.09B | 12.59B | 10.23B | 9.12B | 8.08B | 5.54B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -275.50M | 881.90M | 379.28M | -2.55B | -1.85B |
| Operating Cash Flow | 0 | 785.90M | 2.12B | 991.13M | -1.94B | -1.49B |
| Investing Cash Flow | 0 | -1.01B | -1.32B | -529.30M | -875.59M | -196.81M |
| Financing Cash Flow | 0 | 141.10M | -783.50M | -494.23M | 2.12B | 2.41B |
Parag Milk Foods Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PARAGMILK, the sentiment is Positive. The current price of 325.65 is above the 20-day moving average (MA) of 275.53, above the 50-day MA of 273.06, and above the 200-day MA of 233.69, indicating a bullish trend. The MACD of 13.83 indicates Negative momentum. The RSI at 67.47 is Neutral, neither overbought nor oversold. The STOCH value of 89.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PARAGMILK.
Parag Milk Foods Ltd. Peers Comparison
Overall Rating
IN:HATSUN75Outperform
IN:VADILALIND73Outperform
IN:BRITANNIA69Neutral
IN:NESTLEIND64Neutral- IN:PARAGMILK63Neutral
IN:HERITGFOOD49Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:HATSUN | 75Outperform | INR 231.96B | 65.62 | ― | 0.94% | 17.90% | 9.78% |
| IN:VADILALIND | 73Outperform | INR 50.06B | 21.02 | ― | 0.86% | 35.53% | 78.98% |
| IN:BRITANNIA | 69Neutral | INR 1.16T | 43.27 | ― | 1.88% | 9.73% | 15.27% |
| IN:NESTLEIND | 64Neutral | INR 2.48T | 59.62 | ― | 0.94% | 21.68% | 38.17% |
| IN:PARAGMILK | 63Neutral | INR 41.18B | 32.33 | ― | 0.34% | 13.13% | -10.08% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:HERITGFOOD | 49Neutral | INR 34.80B | 31.02 | ― | 0.65% | 13.91% | -33.37% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:PARAGMILK | Parag Milk Foods Ltd. | 325.65 | -26.82 | -7.61% | |
| IN:BRITANNIA | Britannia Industries Ltd | 4809.00 | -898.10 | -15.74% | |
| IN:HATSUN | Hatsun Agro Product Limited | 1060.60 | -19.61 | -1.82% | |
| IN:HERITGFOOD | Heritage Foods Limited | 386.55 | -91.79 | -19.19% | |
| IN:NESTLEIND | Nestle India Ltd. | 1263.00 | 6.51 | 0.52% | |
| IN:VADILALIND | Vadilal Industries Limited | 7006.05 | 1927.71 | 37.96% |
Parag Milk Foods Ltd. Corporate Events
Parag Milk Foods Reports Record Q2 Revenue and Strong EBITDA Growth
Parag Milk Foods reported record consolidated Q2 FY27 revenue of ₹1,241 crore, up 23% year on year on 12% volume growth, while EBITDA rose 37% to ₹101 crore. For H1 FY27, revenue increased 18% to ₹2,185 crore and EBITDA grew 23% to ₹170 crore; report...
Parag Milk Foods Releases Investor Presentation on September Results
Parag Milk Foods Limited submitted an investor presentation covering its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The presentation supports the company’s regulatory disclosure obl...
Parag Milk Foods Publishes AGM, E-Voting Notice Ahead of September Meeting
Parag Milk Foods Ltd. has announced that it has published newspaper notices regarding its 34th Annual General Meeting, scheduled for September 29, 2026, including details of e-voting arrangements for shareholders. The publications in English and Mara...
Parag Milk Foods Publishes FY 2025-26 Integrated Report, Sets Date for 34th AGM
Parag Milk Foods Ltd. has notified stock exchanges and shareholders that its Integrated Annual Report for financial year 2025-26 and the notice of its 34th Annual General Meeting are now accessible online. The company is holding the AGM on September...
Parag Milk Foods to Double Cheese Capacity, Appoints New CFO
Parag Milk Foods’ board has approved a brownfield expansion of its cheese manufacturing capacity by about 60 metric tonnes per day, doubling output from roughly 60 MT to 120 MT daily, with an investment of around ₹105 crore. This move positions the c...
Parag Milk Foods Doubles Cheese Capacity and Appoints New CFO
Parag Milk Foods Ltd. approved a brownfield expansion of its cheese manufacturing capacity by about 60 metric tonnes per day, doubling total capacity to roughly 120 metric tonnes per day with an estimated investment of ₹105 crore. This move signals a...
Parag Milk Foods to Double Cheese Capacity in Rs 105-Crore Expansion
Parag Milk Foods Ltd., a major dairy FMCG player with pan-India operations and brands including Go, Gowardhan, Pride of Cows and Avvatar, continues to build on its integrated farm-to-home model and focus on value-added dairy and nutrition products. T...
Parag Milk Foods Doubles Cheese Capacity, Names New CFO
Parag Milk Foods Ltd. has approved a brownfield expansion of its cheese manufacturing capacity, doubling output from roughly 60MT per day to 120MT per day with an investment of about ₹105 crore, signaling a push to capture growing demand in the value...
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: Nov 06, 2026