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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products

MODERN DAIRIES LTD.

Fast Moving Consumer Goods › Food Products
₹53.00
at close · 8 Oct 2026
▼ 2.90 (-5.19%)

Latest filings

  1. Monthly report on physical share transfer re-lodgement requests - Sep 2026 · Compliance
  2. Trading window closed from Oct 1 ahead of Q2 results · Compliance
  3. Modern Dairies 34th AGM: All 6 Resolutions Passed with 99.99% Approval · Compliance
All filings ↓
Ask Nexa about MODERN DAIRIES LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Processes and sells dairy products, generating Rs 339.92 crore in revenue from operations in FY26. Raw materials account for 80.7% of revenue (Rs 274.47 crore), consistent with a milk-processing business where farm-gate milk is the dominant input, while employee cost is 4.8% and other operating expenses are 12.7% of revenue. EBITDA margin was 3.27% and net profit margin was 1.44%, with profit after tax of Rs 4.88 crore against Rs 82.96 crore in the prior year. The company has a pending Milk Cess case before the Supreme Court with a demand of Rs 544.31 crore from the Government of Haryana, of which only Rs 21.89 crore has been provisioned as on 31 March 2026. The filings pack does not break out revenue by product line, processing capacity, plant count, or distribution footprint.

Operating scale
Revenue from operations
Rs 339.92 croreFY26
Raw material cost share
80.7% of revenueFY26
Milk Cess contingent liability (Haryana government)
Rs 544.31 crore demanded; Rs 21.89 crore provisionedAs on 31 March 2026
Promoter group holding
44.97% of share capitalPost February 2026 warrant conversion
Who pays it
Not specified in the filings pack; revenue is generated from sale of dairy products.
Biggest cost
Raw materials (primarily milk), at 80.7% of FY26 revenue.
Kind of business
Asset-light dairy processor with thin margins and a large pending Milk Cess claim from the Haryana government.
Where it sits
A small BSE-listed dairy products company in the FMCG/Food Products classification; size and product mix relative to peers not disclosed in the pack.
Market Cap
₹151 Cr
P / E (TTM)
26.9×
EV / EBITDA
12.6×
Div Yield
—
Growth
-11.0%▼
Revenue 5y CAGR
PAT — · EBITDA —
Quality
n/m·
ROCE · capital employed below zero
ROE n/m · margin 3.3%
Leverage
0.21·
Debt / Equity · low
Net debt ₹1.28 Cr
Revenue FY21→FY26
0.6×▼
Margin +7.1 pts
₹610 Cr → ₹340 Cr
Cash conversion
0.68×·
Operating cash ÷ profit · 5 yrs
₹95 Cr on ₹139 Cr
Moves on a normal day
1.64%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 12 Dairy Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/9
P/B#4/11
ROCE#5/13
ROE#8/11
Debt / Equity#4/11
EBITDA margin#8/11
Revenue growth#7/11
Profit growth#5/10

Scorecard

Measured from the filed financials, judged against its Dairy Products peers · as of FY26 — not investment advice

Strengths
Debt at 0.21× equity
lower than 70% of its 11 Dairy Products peers
Concerns
Revenue shrinking over 5 years (−11% a year)
Customers are taking longer to pay — 5 → 26 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MODERN DAIRIES LTD.'s filed financials and exchange disclosures

What does MODERN DAIRIES LTD. do?

MODERN DAIRIES LTD. is a Food Products company listed on BSE.

Is MODERN DAIRIES LTD. profitable?

Yes. Over the trailing twelve months MODERN DAIRIES LTD. reported a net profit of ₹5.37 Cr on revenue of ₹353 Cr.

Does MODERN DAIRIES LTD. pay a dividend?

Not in the latest reported year — MODERN DAIRIES LTD.'s dividend payout for FY26 was nil.

Is MODERN DAIRIES LTD. debt-free?

No. It reported borrowings of ₹12 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1.28 Cr after cash. Debt stands at 0.21× equity. That is lower than 70% of its 11 Dairy Products peers.

Is MODERN DAIRIES LTD. expensive compared with its peers?

On trailing P/E, MODERN DAIRIES LTD. ranks 6 of 9 in Dairy Products — cheaper than 38% of them, against an industry median of 26.3×. This is a position, not a valuation judgement.

How much does the MODERN DAIRIES LTD. share price move in a day?

On a typical session MODERN DAIRIES LTD. moves 1.64% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MODERN DAIRIES LTD.'s announcements?

Every NSE and BSE filing by MODERN DAIRIES LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.