Modern Dairies
Food Products
519287 BSE
₹42.77
Close ·
- P/E
- 20.97
Close 4 Nov 2026 ₹42.77 −0.43 −1.00% 1Y
Start ₹43.20
Key Fundamentals
MicrocapFood ProductsFMCGPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 13.70%
- Debt to Equity
- 0.16
- EPS (TTM)
- ₹2.04
- Book Value
- ₹23.03
- Market Cap
- —
- P/E (TTM)
- 20.97
- P/B
- 1.86
- ROE
- 10.20%
- Dividend Yield
- 0.00%
- EBITDA
- ₹11.10 Cr
- 52W High
- ₹55.93
- 52W Low
- ₹26.56
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
49 Average
Data confidence 98/100
Category scores
- Quality
- 31
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 43
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 40
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 63
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 82
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Promoter holding has increased by 4.87% over last quarter.
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.531 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 6 | 5 | 8 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Bullish
Bearish
6
Neutral
5
Bullish
8
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 46.89
- Neutral
- MACD (12,26,9)
- −1.52
- Bearish
- SMA (50)
- 44.01
- Bearish
- SMA (200)
- 36.92
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.
Revenue
| 10Y | −3.73% |
|---|---|
| 5Y | −11.03% |
| 3Y | +16.15% |
| 1Y | −2.30% |
| TTM | +1.54% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | −25.31% |
| 1Y | −93.98% |
| TTM | −92.51% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +3.34 pp |
|---|---|
| 5Y | +1.30 pp |
| 3Y | −4.89 pp |
| 1Y | −1.08 pp |
| TTM | +0.26 pp |
Revenue by year
| Mar 2017 | ₹457 Cr |
|---|---|
| Mar 2018 | ₹467 Cr |
| Mar 2019 | ₹560 Cr |
| Mar 2020 | ₹766 Cr |
| Mar 2021 | ₹610 Cr |
| Mar 2022 | ₹241 Cr |
| Mar 2023 | ₹217 Cr |
| Mar 2024 | ₹362 Cr |
| Mar 2025 | ₹348 Cr |
| Mar 2026 | ₹340 Cr |
Net profit by year
| Mar 2017 | −₹11.00 Cr |
|---|---|
| Mar 2018 | −₹19.00 Cr |
| Mar 2019 | ₹6.00 Cr |
| Mar 2020 | ₹3.00 Cr |
| Mar 2021 | −₹35.00 Cr |
| Mar 2022 | ₹5.00 Cr |
| Mar 2023 | ₹12.00 Cr |
| Mar 2024 | ₹34.00 Cr |
| Mar 2025 | ₹83.00 Cr |
| Mar 2026 | ₹5.00 Cr |
Quarterly Results
₹ Cr| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80.6 | 99.95 | 97.83 | 94.43 | 73.84 | 88.76 | 91.06 | 78.3 | 81.96 | 87.48 | 92.18 | 91.27 | 74.39 |
| Expenses | 76.64 | 93.76 | 90.36 | 89.43 | 69.75 | 85.64 | 89.32 | 75.27 | 79.24 | 85.09 | 90.51 | 87.44 | 70.6 |
| Operating Profit | 3.96 | 6.19 | 7.47 | 5 | 4.09 | 3.12 | 1.74 | 3.03 | 2.72 | 2.39 | 1.67 | 3.83 | 3.79 |
| OPM % | 4.91% | 6.19% | 7.64% | 5.29% | 5.54% | 3.52% | 1.91% | 3.87% | 3.32% | 2.73% | 1.81% | 4.2% | 5.09% |
| Other Income | 19.34 | 0.14 | 0.33 | 0.16 | 0.36 | 56.04 | 0.2 | 0.14 | 0.46 | 0.35 | 0.35 | 0.3 | 0.28 |
| Interest | 1.05 | 0.76 | 0.69 | 0.54 | 0.39 | 0.45 | 0.45 | 0.24 | 0.26 | 0.31 | 0.3 | 0.29 | 0.29 |
| Depreciation | 0.91 | 1.04 | 0.76 | 0.76 | 0.74 | 0.79 | 0.87 | 0.84 | 0.84 | 0.8 | 0.78 | 0.79 | 0.77 |
| PBT | 21.34 | 4.53 | 6.35 | 3.86 | 3.32 | 57.92 | 0.62 | 2.09 | 2.08 | 1.63 | 0.94 | 3.05 | 3.01 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | −2779.03% | 21.05% | 18.75% | 24.54% | 65.96% | 29.84% | 25.25% |
| Net Profit | 21.34 | 4.52 | 6.34 | 3.86 | 3.32 | 57.93 | 17.86 | 1.65 | 1.69 | 1.22 | 0.32 | 2.14 | 2.25 |
| EPS (₹) | 9.15 | 1.94 | 2.72 | 1.66 | 1.42 | 24.84 | 6.97 | 0.64 | 0.66 | 0.48 | 0.11 | 0.75 | 0.7 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 625 | 497 | 457 | 467 | 560 | 766 | 610 | 241 | 217 | 362 | 348 | 340 | 345 |
| Expenses | 629 | 499 | 461 | 480 | 549 | 757 | 600 | 231 | 201 | 340 | 334 | 330 | 334 |
| Operating Profit | −3 | −2 | −4 | −14 | 11 | 9 | 10 | 10 | 17 | 22 | 14 | 10 | 12 |
| OPM % | −0.6% | −0.4% | −0.8% | −2.9% | 2% | 1.1% | 1.7% | 4.1% | 8% | 6% | 4% | 2.9% | 3.4% |
| Other Income | 2 | 0 | 14 | 0 | 0 | 0 | −22 | 2 | 1 | 20 | 57 | 1 | 1 |
| Interest | 17 | 18 | 17 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 2 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 6 | 22 | 6 | 3 | 3 | 3 | 3 | 3 |
| PBT | −24 | −24 | −11 | −19 | 6 | 3 | −35 | 5 | 12 | 34 | 66 | 7 | 9 |
| Tax % | −7% | −1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | −26% | 27% | — |
| Net Profit | −22 | −24 | −11 | −19 | 6 | 3 | −35 | 5 | 12 | 34 | 83 | 5 | 6 |
| EPS (₹) | −9.54 | −10.39 | −4.89 | −7.96 | 2.6 | 1.5 | −14.89 | 2.12 | 5.21 | 14.68 | 32.38 | 1.72 | 2.04 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 26 | 28 | 32 |
| Reserves | −57 | −81 | −93 | −111 | −105 | −102 | −136 | −131 | −119 | −85 | 15 | 27 | 42 |
| Borrowings | 180 | 173 | 177 | 167 | 165 | 155 | 50 | 0 | 1 | 8 | 7 | 12 | 12 |
| Other Liabilities | 53 | 59 | 46 | 38 | 53 | 53 | 138 | 170 | 180 | 144 | 69 | 65 | 44 |
| Total Liabilities | 199 | 174 | 153 | 117 | 136 | 130 | 74 | 62 | 85 | 90 | 117 | 132 | 130 |
| Fixed Assets | 82 | 79 | 79 | 77 | 76 | 74 | 34 | 30 | 29 | 30 | 31 | 29 | 28 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 10 |
| Other Assets | 117 | 95 | 74 | 40 | 59 | 54 | 40 | 32 | 56 | 59 | 85 | 96 | 88 |
| Total Assets | 199 | 174 | 153 | 117 | 136 | 130 | 74 | 62 | 85 | 90 | 117 | 132 | 130 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 17 | 30 | 3 | 16 | 4 | 6 | 7 | 17 | 15 | 47 | 20 | −4 |
| Investing | −2 | −2 | −5 | −3 | −4 | −5 | −3 | −2 | −3 | −5 | −4 | −7 |
| Financing | −16 | −22 | −3 | −11 | 0 | −2 | −3 | −9 | −19 | −41 | −10 | 14 |
| Net Cash Flow | −1 | 6 | −5 | 1 | −1 | −1 | 0 | 6 | −7 | 1 | 7 | 2 |
| Free Cash Flow | 15 | 28 | −2 | 13 | −1 | 1 | 3 | 15 | 12 | 42 | 17 | −6 |
| CFO/EBITDA | −493 | −1,511 | −68 | −118 | 35 | 71 | 65 | 179 | 96 | 222 | 147 | −46 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 22 | 22 | 7 | 20 | 11 | 6 | 5 | 32 | 19 | 22 | 26 |
| Inventory Days | 47 | 36 | 30 | 14 | 10 | 13 | 16 | 31 | 73 | 39 | 38 | 45 |
| Days Payable | 19 | 23 | 22 | 15 | 20 | 18 | 11 | 11 | 88 | 58 | 61 | 62 |
| Cash Conversion Cycle | 46 | 35 | 30 | 6 | 10 | 6 | 11 | 25 | 16 | 0 | −1 | 9 |
| Working Capital Days | −11 | −44 | −39 | −136 | −109 | −74 | −89 | −223 | −217 | −91 | −14 | −3 |
| ROCE % | −4% | −5% | −8% | −20% | 8% | 4% | −172% | — | — | — | — | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Modern Dairies insights
62 extracted metrics across FY10–FY27.
Documents
- 13 Apr 2026
- 16 Jul 2025
- 24 Jun 2024
- 12 May 2023
- 8 Mar 2022
Frequently Asked Questions about Modern Dairies
What does Modern Dairies Ltd do?
Incorporated in 1992, Modern Dairies Ltd manufactures Milk and Milk products
Where is Modern Dairies Ltd (MODAIRY) listed?
Modern Dairies Ltd trades under code 519287 on the BSE.
Which sector does Modern Dairies Ltd belong to?
Modern Dairies Ltd is classified under the Food Products sector, in the Dairy Products industry.
What is the PE ratio of Modern Dairies Ltd?
Modern Dairies Ltd trades at a PE ratio of 20.97 as of 4 Nov 2026, on earnings per share of ₹2.04, against a book value of ₹23.03 per share.
What is the 52-week high and low of Modern Dairies Ltd?
Over the last 52 weeks Modern Dairies Ltd has traded between ₹26.56 and ₹55.93 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Modern Dairies Ltd?
Modern Dairies Ltd reported a return on equity of 10.20%. Its debt-to-equity ratio is 0.16.
Company Information
Incorporated in 1992, Modern Dairies Ltd manufactures Milk and Milk products
Website moderndairies.com
Face Value ₹10
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