PARAG MILK FOODS LTD. (PARAGMILK) financials

PARAG MILK FOODS LTD. (PARAGMILK) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories.[1]

Market Cap: ₹3,130Cr.
Current Price: ₹249
Stock P/E: 21.0
ROE: 13.1%
ROCE: 13.5%
Book Value: ₹103
Dividend Yield: 0.43%
52W High / Low: ₹377/178

In Jun 2026, PARAG MILK FOODS LTD. (PARAGMILK) reported sales ₹920 Cr and net profit ₹25 Cr.

Annual TTM: sales ₹3,832 Cr, net profit ₹144 Cr.

Shareholding: Promoters 40.49% (Sep 2026), FIIs 7.59% (Sep 2026), DIIs 2.87% (Sep 2026), Public 48.67% (Sep 2026), Others 0.37% (Sep 2026).

PARAGMILK quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	856	869	899	831	981	984	946	920
Expenses	787	794	837	771	908	914	888	854
Operating Profit	69	74	62	59	73	71	58	66
OPM %	8%	9%	7%	7%	7%	7%	6%	7%
Other Income	2	1	13	5	19	-2	8	2
Interest	21	24	24	18	18	19	18	20
Depreciation	17	14	15	14	16	16	15	16
Profit before tax	34	38	37	33	59	35	33	32
Tax %	13%	9%	12%	1%	5%	-0%	15%	22%
Net Profit	30	34	32	32	56	35	28	25
EPS in Rs	2.50	2.86	2.72	2.71	4.45	2.76	2.26	2.02
Raw PDF	—	—	—	—	—	—	—	—

PARAGMILK profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,391	1,792	2,026	2,853	3,090	3,367	3,742	3,832
Expenses	2,180	1,668	2,454	2,714	2,888	3,114	3,481	3,564
Operating Profit	212	124	-429	139	202	253	261	268
OPM %	9%	7%	-21%	4.9%	7%	8%	7%	7%
Other Income	3	7	9	35	9	27	30	27
Interest	38	46	47	53	72	85	72	74
Depreciation	51	46	51	54	56	60	60	63
Profit before tax	125	39	-518	67	83	135	159	159
Tax %	28%	55%	2%	-2%	-11%	8%	5%	—
Net Profit	91	17	-529	68	92	124	151	144
EPS in Rs	10.78	2.07	-55.48	5.84	7.70	10.35	12.06	11.49
Dividend Payout %	5%	24%	0%	0%	6%	10%	9%	—

PARAGMILK balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	84	84	84	95	117	119	119	125
Reserves	741	822	836	454	701	805	921	1,166
Borrowings	235	395	366	488	541	526	579	538
Other Liabilities	355	363	352	283	223	317	307	358
Total Liabilities	1,415	1,665	1,638	1,321	1,583	1,766	1,925	2,187
Fixed Assets	379	398	381	350	311	309	340	391
CWIP	23	7	1	3	9	10	12	26
Investments	63	63	63	62	67	109	109	109
Other Assets	950	1,197	1,194	906	1,196	1,339	1,464	1,661
Total Assets	1,415	1,665	1,638	1,321	1,583	1,766	1,925	2,187

PARAGMILK cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	138	-73	100	-146	-179	76	187	132
Cash from Investing Activity	-66	-24	-34	-5	-82	-25	-130	-98
Cash from Financing Activity	-96	112	-81	224	196	-54	-56	-43
Net Cash Flow	-23	15	-15	73	-66	-3	2	-9
Free Cash Flow	58	-99	70	-161	-199	43	85	51
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	76%	-18%	99%	31%	-127%	43%	79%	57%

PARAGMILK shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	42.61%	42.61%	42.61%	42.61%	40.65%	40.65%	40.49%	40.49%
FIIs	8.20%	8.46%	9.24%	9.92%	9.26%	8.77%	7.46%	7.59%
DIIs	7.06%	6.91%	6.87%	6.62%	6.16%	5.25%	5.80%	2.87%
Public	41.97%	41.88%	41.16%	40.72%	43.84%	45.25%	45.76%	48.67%
Others	0.15%	0.14%	0.14%	0.14%	0.09%	0.08%	0.47%	0.37%
No. of Shareholders	1,11,246	1,10,427	1,02,552	88,012	86,569	88,588	88,951	89,477

PARAGMILK key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	42	46	32	22	20	28	27	23
Inventory Days	110	137	204	89	98	100	88	101
Days Payable	71	61	86	40	23	36	35	33
Cash Conversion Cycle	82	121	150	71	95	92	80	90
Working Capital Days	57	68	96	51	71	74	57	61
ROCE %	17%	14%	7%	-41%	10%	11%	14%	14%

PARAGMILKUpdated 22 Oct 2026, 16:32

Parag Milk Foods Ltd.

PARAGMILKUpdated 22 Oct 2026, 16:32

Market Cap

₹3,130Cr.

Current Price

₹249

High / Low

₹377/178

Stock P/E

21.0

Book Value₹103

Dividend Yield0.43%

ROCE13.5%

ROE13.1%

Face Value₹10.0

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	738	17	696	5	14	16	-17	18	1.56
Sep 2023	787	20	731	2	14	24	-11	27	2.29
Dec 2023	789	18	725	1	14	32	-4	33	2.85
Mar 2024	776	14	739	1	13	11	-23	13	1.12
Jun 2024	744	17	687	1	14	26	-4	27	2.27
Sep 2024	856	21	787	2	17	34	13	30	2.5
Dec 2024	869	24	794	1	14	38	9	34	2.86
Mar 2025	899	24	837	13	15	37	12	32	2.72
Jun 2025	831	18	771	5	14	33	1	32	2.71
Sep 2025	981	18	908	19	16	59	5	56	4.45
Dec 2025	984	19	914	-2	16	35	0	35	2.76
Mar 2026	946	18	888	8	15	33	15	28	2.26
Jun 2026	920	20	854	2	16	32	22	25	2.02

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	1426	45	1319	1	25	37	1	37	7.63
Mar 2016	1623	49	1474	1	32	70	25	53	7.46
Mar 2017	1701	29	1624	-11	47	-9	-81	-2	-0.21
Mar 2018	1918	37	1730	6	49	108	27	78	9.33
Mar 2019	2346	36	2129	4	48	138	17	114	13.56
Mar 2020	2391	38	2180	3	51	125	28	91	10.78
Mar 2021	1792	46	1668	7	46	39	55	17	2.07
Mar 2022	2026	47	2454	9	51	-518	2	-529	-55.48
Mar 2023	2853	53	2714	35	54	67	-2	68	5.84
Mar 2024	3090	72	2888	9	56	83	-11	92	7.7
Mar 2025	3367	85	3114	27	60	135	8	124	10.35
Mar 2026	3742	72	3481	30	60	159	5	151	12.06
TTM	3832	74	3564	27	63	159	—	144	11.49

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	40.49%
FIIs	7.59%
DIIs	2.87%
Public	48.67%
Others	0.37%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	41.63%	8.83%	8.58%	40.8%	0.15%
Mar 2024	42.61%	8.95%	8.64%	39.66%	0.15%
Jun 2024	42.61%	8.51%	8.6%	40.12%	0.15%
Sep 2024	42.61%	10.08%	7.11%	40.05%	0.15%
Dec 2024	42.61%	8.2%	7.06%	41.97%	0.15%
Mar 2025	42.61%	8.46%	6.91%	41.88%	0.14%
Jun 2025	42.61%	9.24%	6.87%	41.16%	0.14%
Sep 2025	42.61%	9.92%	6.62%	40.72%	0.14%
Dec 2025	40.65%	9.26%	6.16%	43.84%	0.09%
Mar 2026	40.65%	8.77%	5.25%	45.25%	0.08%
Jun 2026	40.49%	7.46%	5.8%	45.76%	0.47%
Sep 2026	40.49%	7.59%	2.87%	48.67%	0.37%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	16	119	537	254	926	238	28	18	642	926
Mar 2016	70	307	385	237	999	295	28	58	618	999
Mar 2017	84	554	261	394	1293	307	21	62	903	1293
Mar 2018	84	633	291	360	1368	371	16	63	918	1368
Mar 2019	84	741	235	355	1415	379	23	63	950	1415
Mar 2020	84	822	395	363	1665	398	7	63	1197	1665
Mar 2021	84	836	366	352	1638	381	1	63	1194	1638
Mar 2022	95	454	488	283	1321	350	3	62	906	1321
Mar 2023	117	701	541	223	1583	311	9	67	1196	1583
Mar 2024	119	805	526	317	1766	309	10	109	1339	1766
Mar 2025	119	921	579	307	1925	340	12	109	1464	1925
Mar 2026	125	1166	538	358	2187	391	26	109	1661	2187

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	77	-28	-48	1
Mar 2016	89	-66	-22	1
Mar 2017	-25	-87	148	36
Mar 2018	17	-14	-13	-10
Mar 2019	138	-66	-96	-23
Mar 2020	-73	-24	112	15
Mar 2021	100	-34	-81	-15
Mar 2022	-146	-5	224	73
Mar 2023	-179	-82	196	-66
Mar 2024	76	-25	-54	-3
Mar 2025	187	-130	-56	2
Mar 2026	132	-98	-43	-9

Key ratios

Historical financial ratios

Category	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	43	52	37	47	42	46	32	22	20	28	27	23
Inventory Days	72	83	135	129	110	137	204	89	98	100	88	101
Days Payable	65	49	97	87	71	61	86	40	23	36	35	33
Cash Conversion Cycle	51	86	75	88	82	121	150	71	95	92	80	90
Working Capital Days	-5	29	35	50	57	68	96	51	71	74	57	61
ROCE %	12%	17%	5%	15%	17%	14%	7%	-41%	10%	11%	14%	14%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of PARAG MILK FOODS LTD. (PARAGMILK)?

The reported market capitalisation for PARAG MILK FOODS LTD. (PARAGMILK) is ₹3,130Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of PARAGMILK?

The current price shown for PARAG MILK FOODS LTD. (PARAGMILK) on Fincrux is ₹249 with a 52-week high/low of ₹377/178.

What is the P/E ratio of PARAG MILK FOODS LTD. (PARAGMILK)?

The stock P/E for PARAG MILK FOODS LTD. (PARAGMILK) is 21.0 on Fincrux, with ROE at 13.1% and ROCE at 13.5%.

What were PARAGMILK latest quarterly results?

For Jun 2026, PARAG MILK FOODS LTD. (PARAGMILK) reported sales ₹920 Cr and net profit ₹25 Cr (figures in ₹ crore unless noted).

What are PARAGMILK annual sales and net profit?

For TTM, PARAG MILK FOODS LTD. (PARAGMILK) shows sales of ₹3,832 Cr and net profit of ₹144 Cr on the Fincrux profit & loss statement.

Who owns PARAG MILK FOODS LTD. (PARAGMILK)?

Latest shareholding for PARAG MILK FOODS LTD. (PARAGMILK) on Fincrux: Promoters 40.49% (Sep 2026), FIIs 7.59% (Sep 2026), DIIs 2.87% (Sep 2026), Public 48.67% (Sep 2026), Others 0.37% (Sep 2026).

Where can I find PARAG MILK FOODS LTD. (PARAGMILK) financials?

PARAG MILK FOODS LTD. (PARAGMILK) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show PARAGMILK balance sheet and cash flow?

Yes. The PARAG MILK FOODS LTD. (PARAGMILK) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 16:32