Dodla Dairy Ltd - Stock Valuation and Financial Performance

BSE: 543306 | NSE: DODLA | Consumer Food | Small Cap

Dodla Dairy Share Price

1,053.10 -7.95 -0.75%
as on 14-Jun'24 10:58

DeciZen - make an informed investing decision on Dodla Dairy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Dodla Dairy stock performance -

mw4me loader
P/E Ratio (SA):
41.02
Market Cap:
6,312.5 Cr.
52-wk low:
536.9
52-wk high:
1,070

Is Dodla Dairy Ltd an attractive stock to invest in?

1. Is Dodla Dairy Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dodla Dairy Ltd is a average quality company.

2. Is Dodla Dairy Ltd undervalued or overvalued?

The key valuation ratios of Dodla Dairy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Dodla Dairy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Dodla Dairy Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Dodla Dairy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dodla Dairy Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 6.4%13.2%13.4%13.1%11.8%7.4%19%19.2%11.6%16.2%-
Value Creation
Index
-0.50.00.00.0-0.2-0.50.40.4-0.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0181,1821,4101,5371,5981,9881,8372,0962,5842,9072,907
Sales YoY Gr.-16.1%19.3%9%4%24.4%-7.6%14.1%23.3%12.5%-
Adj EPS 2.56.68.39.29.55.218.623162625.9
YoY Gr.-160.2%26%10.2%3.2%-45.4%260.5%23.5%-30.6%62.5%-
BVPS (₹) 3943.952.261.67170.8103.1131.8147.9173.7173.7
Adj Net
Profit
14.236.846.451.152.728.810913795.1154154
Cash Flow from Ops. -41.913159.882.8118103217145140-14.9-
Debt/CF from Ops. -30.82.31.51.31.50.4000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.4%12.7%16.5%12.5%
Adj EPS 29.5%22.4%11.7%62.5%
BVPS18.1%19.6%19%17.4%
Share Price - - - 92.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
6.81617.416.214.37.321.719.711.416.114.9
Op. Profit
Mgn %
38.46.26.97.2511.98.95.88.58.5
Net Profit
Mgn %
1.43.13.33.33.31.55.96.53.75.35.3
Debt to
Equity
0.60.50.50.40.40.40.10000
Working Cap
Days
5650373838302929273833
Cash Conv.
Cycle
232411121283101419

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.53%

Net Profit is growing at healthy rate in last 3 years 11.67%

Sales growth is good in last 4 quarters at 12.51%

Return on Equity has declined versus last 3 years average to 14.90%

Latest Financials - Dodla Dairy Ltd

Standalone Consolidated
TTM EPS (₹) 25.9 28
TTM Sales (₹ Cr.) 2,907 3,125
BVPS (₹.) 173.7 190.9
Reserves (₹ Cr.) 974 1,076
P/BV 6.11 5.56
PE 41.02 37.86
From the Market
52 Week Low / High (₹) 536.85 / 1070.00
All Time Low / High (₹) 385.00 / 1070.00
Market Cap (₹ Cr.) 6,312
Equity (₹ Cr.) 59.5
Face Value (₹) 10
Industry PE 70.8

Management X-Ray of Dodla Dairy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dodla Dairy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,0181,1821,4101,5371,5981,9881,8372,0962,5842,907
Operating Expenses 9881,0871,3231,4321,4831,8891,6191,9102,4342,661
Manufacturing Costs8410070841019757677990
Material Costs8058691,1181,1991,2021,5601,2981,5372,0022,164
Employee Cost 3346526171848294109123
Other Costs 66738389109148183213244284
Operating Profit 30958710511598217186150246
Operating Profit Margin (%) 3.0%8.0%6.2%6.8%7.2%5.0%11.8%8.9%5.8%8.5%
Other Income 68768138332425
Interest 813811111713722
Depreciation 13161825344647495864
Exceptional Items 0000000000
Profit Before Tax 167468757948165163115206
Tax 0382225261957272052
Profit After Tax 15364651522810813795154
PAT Margin (%) 1.5%3.0%3.3%3.3%3.3%1.4%5.9%6.5%3.7%5.3%
Adjusted EPS (₹)2.86.48.39.19.45.118.623.016.025.9
Dividend Payout Ratio (%)0%23%0%0%0%102%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2172442903433953946017848801,033
Share Capital 3333565658595959
Reserves 214241287340339339543725821974
Minority Interest0000000000
Debt12110312811714212753000
Long Term Debt83232221108753000
Short Term Debt11371979431400000
Trade Payables3635495970688190109125
Others Liabilities 36536382117144167130125144
Total Liabilities 4114365316017237339031,0051,1141,302

Fixed Assets

Gross Block162214252340538603659720823893
Accumulated Depreciation3551184275118164210260315
Net Fixed Assets127164234297464484495510563578
CWIP 5363015118843012
Investments 85951091086755104228309238
Inventories14289831301171118510897355
Trade Receivables1112445589
Cash Equivalents 1197111027160603139
Others Assets41426738514346897471
Total Assets 4114365316017237339031,0051,1141,302

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -421316083118103217145140-15
PBT 167468757948165163115206
Adjustment 20261931425354273946
Changes in Working Capital -7664-6-816547-616-223
Tax Paid -2-34-22-16-19-2-50-39-30-44
Cash Flow From Investing Activity -34-96-80-61-140-45-166-129-16632
Capex -50-90-74-66-186-67-51-70-71-62
Net Investments 35-3-254518-120-83-9087
Others -18-3-5104624-57
Cash Flow From Financing Activity 44-3719-4062-2611-49-3-3
Net Proceeds from Shares 0000001005000
Net Proceeds from Borrowing -23252-740-16-23-8700
Interest Paid -7-11-10-10-11-14-12-600
Dividend Paid 0-10000-18-11000
Others 74-4128-223323-43-6-3-3
Net Cash Flow -32-2-1-18393361-33-2913
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)7.3315.4317.2515.9414.27.2121.7819.7211.4116.08
ROCE (%)7.6524.9419.6919.1717.5511.7528.7823.0913.9921.61
Asset Turnover Ratio2.662.792.922.722.482.792.292.222.472.44
PAT to CFO Conversion(x)-2.83.641.31.632.273.682.011.061.47-0.1
Working Capital Days
Receivable Days0000111111
Inventory Days34362225272119171428
Payable Days14151416201621201820

Dodla Dairy Ltd Stock News

Dodla Dairy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dodla Dairy on 14-Jun-2024 10:58 is ₹1,053.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Jun-2024 10:58 the market cap of Dodla Dairy stood at ₹6,312.5.
The latest P/E ratio of Dodla Dairy as of 14-Jun-2024 10:58 is 41.02.
The latest P/B ratio of Dodla Dairy as of 14-Jun-2024 10:58 is 6.11.
The 52-week high of Dodla Dairy is ₹1,070 and the 52-week low is ₹536.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dodla Dairy is ₹2,907 ( Cr.) .

About Dodla Dairy Ltd

Dodla Dairy is an integrated dairy company based in south India primarily deriving all of its revenue from the sale of milk and dairy based VAPs in the branded consumer market. The company’s operations in India are primarily across the five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Its overseas operations are based in Uganda and Kenya. Its Indian operations are undertaken under its brands “Dodla Dairy”, “Dodla” and “KC+”. Its overseas operations are undertaken under brands “Dodla Dairy”, “Dairy Top” and “Dodla+”. It processes and sells retail milk (full cream, standardised, toned and double toned) and produce dairy based value-added products (VAPs) such as curd, Ultra-High Temperature processed (UHT) milk, ghee, butter, flavoured milk and ice cream amongst others. It also manufactures and sell cattle feed to farmers through its procurement network. Its integrated business model in India consists of procurement, processing, distribution and marketing operations. Its procurement operations are spread across the states of Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and Maharashtra.

Business area of the company

The company is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.

Awards, accreditations and recognitions

  • 2015: Awarded the TV5 Business Leader award in the food processing (medium) category.
  • 2018: Awarded the HMTV Business Excellence award for the best agri/food processing company.
  • 2018: Awarded CII Outstanding Performance for best practices in cold storage in large segment.

Major events and milestones

  • 1997: Commenced production in Nellore plant in Andhra Pradesh.
  • 2001: Commenced production in Penumuru plant in Andhra Pradesh.
  • 2004: Commenced production in Palamaner plant in Andhra Pradesh.
  • 2007: Commenced production in Sattenapally plant in Andhra Pradesh.
  • 2007: Commenced production in Badvel plant in Andhra Pradesh.
  • 2009: Implemented Microsoft Dynamic ERP across Company.
  • 2009: Established milk powder plant and SMP plant at Nellore in Tamil Nadu.
  • 2011: Commenced production in Tanuku plant in Andhra Pradesh.
  • 2011: Commenced production in Tumkur plant in Karnataka.
  • 2013: Commenced production in Kurnool plant in Andhra Pradesh.
  • 2014: Commenced production in Indragi plants in Karnataka.
  • 2014: Acquired Lakeside Dairy, Uganda and commenced operations.
  • 2014: Established large scale farm in Pulivendula in Andhra Pradesh under GVC.
  • 2016: Commenced production in Palacode plant in Tamil Nadu.
  • 2017: Commenced production in Hyderabad plant in Telangana.
  • 2017: Acquired land for our processing plant in Rajahmundry in Andhra Pradesh.
  • 2019: Acquired the Batlagundu and Vedaasandur in Tamil Nadu processing plants pursuant to a business transfer agreement dated February 8, 2019 with KC Dairy Products Private Limited and its shareholder, Chellamuthu Sureshkumar.
  • 2019: Commenced operations in Rajahmundry processing plant in Andhra Pradesh.
  • 2019: OPL acquired a cattlefeed mix plant business from Bharathi Feed Mixing Plant pursuant to a business transfer agreement dated September 6, 2019.


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