Is Dodla Dairy Ltd (DODLA) a good quality company?

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

Is Dodla Dairy Ltd (DODLA) 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 Somewhat overvalued zone .

What is Dodla Dairy Ltd (DODLA) share price return in the past 10 years?

Data is not available for this company

Is Dodla Dairy Ltd (DODLA) 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

What is the share price of Dodla Dairy Ltd (DODLA)?

Company share prices are keep on changing according to the market conditions. The current trading price of Dodla Dairy Ltd (DODLA) on 11-May-2026 10:59:00 at 10:59 is 1120.70.

What is the market cap of Dodla Dairy Ltd (DODLA)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-May-2026 at 10:59, the market cap of Dodla Dairy stood at Rs. 6796.83 Cr.

What is the P/E ratio of Dodla Dairy?

The latest standalone P/E ratio of Dodla Dairy as of 11-May-2026 is 29.60.

What is the P/B ratio of Dodla Dairy Ltd (DODLA)?

The latest standalone P/B ratio of Dodla Dairy Ltd (DODLA) as of 11-May-2026 is 4.71.

What is the 52-week high and low of Dodla Dairy Ltd (DODLA)?

The 52-week high of Dodla Dairy Ltd (DODLA) is Rs. 1522.85 and the 52-week low is Rs. 955.15.

What is the TTM revenue of Dodla Dairy Ltd (DODLA)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dodla Dairy is Rs. 3384.65 (Cr.).

Dodla Dairy Ltd (DODLA) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Dodla Dairy Ltd (DODLA)
Brand: Dodla Dairy

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	24.9%	19.7%	19.2%	17.6%	11.8%	28.8%	23.1%	14%	21.6%	28.1%	-
Value Creation Index ⓘ	0.9	0.5	0.4	0.3	-0.2	1.1	0.7	-0	0.6	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,182	1,410	1,537	1,598	1,988	1,837	2,096	2,584	2,907	3,342	3,385
Sales YoY Gr.	-	19.3%	9%	4%	24.4%	-7.6%	14.1%	23.3%	12.5%	15%	-
Adj EPS ⓘ	6.6	8.3	9.2	9.5	5.2	18.6	23	16	26	41	38.1
YoY Gr.	-	26%	10.2%	3.2%	-45.4%	260.5%	23.5%	-30.6%	62.5%	58%	-
BVPS (₹) ⓘ	43.9	52.2	61.6	71	70.8	103.1	131.8	147.9	173.7	212.5	239.1
Adj Net Profit ⓘ	36.8	46.4	51.1	52.7	28.8	109	137	95.1	154	247	230
Cash Flow from Ops. ⓘ	131	59.8	82.8	118	103	217	145	140	-14.9	479	-
Debt/CF from Ops. ⓘ	0.8	2.3	1.5	1.3	1.5	0.4	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.2%	11%	16.8%	15%
Adj EPS ⓘ	22.5%	51.3%	21.2%	58%
BVPSⓘ	19.2%	24.6%	17.3%	22.4%
Share Price	-	-	31.6%	6.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	16	17.4	16.2	14.3	7.3	21.7	19.7	11.4	16.1	21.3	16.9
Op. Profit Mgn % ⓘ	8.4	6.2	6.9	7.2	5	11.9	8.9	5.8	8.5	9.6	7.8
Net Profit Mgn % ⓘ	3.1	3.3	3.3	3.3	1.5	5.9	6.5	3.7	5.3	7.4	6.8
Debt to Equity ⓘ	0.5	0.5	0.4	0.4	0.4	0.1	0	0	0	0	-
Working Cap Days ⓘ	50	37	38	38	30	29	29	27	38	34	39
Cash Conv. Cycle ⓘ	24	11	12	12	8	3	1	0	14	11	27

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.90%

Sales growth is growing at healthy rate in last 3 years 16.81%

Net Profit is growing at healthy rate in last 3 years 21.24%

Sales growth is not so good in last 4 quarters at 4.19%

	Standalone	Consolidated
TTM EPS (₹)	38.1	44
TTM Sales (₹ Cr.)	3,385	3,960
BVPS (₹) ⓘ	239.1	265.2
Reserves (₹ Cr.) ⓘ	1,395	1,540
P/BV ⓘ	4.71	4.25
PE ⓘ	29.60	25.63

From the Market
52 Week Low / High (₹)	955.15 / 1522.85
All Time Low / High (₹)	385.00 / 1522.85
Market Cap (₹ Cr.)	6,797
Equity (₹ Cr.)	60.3
Face Value (₹)	10
Industry PE ⓘ	58.5

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,182	1,410	1,537	1,598	1,988	1,837	2,096	2,584	2,907	3,342
Operating Expenses ⓘ +	1,087	1,323	1,432	1,483	1,889	1,619	1,910	2,434	2,661	3,022
Manufacturing Costs	100	70	84	101	97	57	67	79	90	96
Material Costs	869	1,118	1,199	1,202	1,560	1,298	1,537	2,002	2,164	2,471
Employee Cost	46	52	61	71	84	82	94	109	123	141
Other Costs ⓘ	73	83	89	109	148	183	213	244	284	314
Operating Profit ⓘ	95	87	105	115	98	217	186	150	246	319
Operating Profit Margin (%)	8.0%	6.2%	6.8%	7.2%	5.0%	11.8%	8.9%	5.8%	8.5%	9.6%
Other Income ⓘ +	8	7	6	8	13	8	33	24	25	71
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	13	8	11	11	17	13	7	2	2	1
Depreciation ⓘ	16	18	25	34	46	47	49	58	64	64
Profit Before Tax ⓘ	74	68	75	79	48	165	163	115	206	324
Tax ⓘ	38	22	25	26	19	57	27	20	52	77
Profit After Tax	36	46	51	52	28	108	137	95	154	247
PAT Margin (%)	3.0%	3.3%	3.3%	3.3%	1.4%	5.9%	6.5%	3.7%	5.3%	7.4%
Adjusted EPS (₹)	6.4	8.3	9.1	9.4	5.1	18.6	23.0	16.0	25.9	40.9
Dividend Payout Ratio (%)	23%	0%	0%	0%	101.70%	0%	0%	0%	0%	12.20%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	244	290	343	395	394	601	784	880	1,033	1,282
Share Capital ⓘ	3	3	3	56	56	58	59	59	59	60
Reserves ⓘ	241	287	340	339	339	543	725	821	974	1,222
Debt +	103	128	117	142	127	53	0	0	0	0
Long Term Debt	32	32	22	110	87	53	0	0	0	0
Short Term Debt	71	97	94	31	40	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	35	49	59	70	68	81	90	109	125	125
Others Liabilities ⓘ	53	63	82	117	144	167	130	125	144	128
Total Liabilities ⓘ	436	531	601	723	733	903	1,005	1,114	1,302	1,535
Fixed Assets
Net Fixed Assets ⓘ +	164	234	297	464	484	495	510	563	578	599
Gross Block	214	252	340	538	603	659	720	823	893	963
Accumulated Depreciation	51	18	42	75	118	164	210	260	315	364
CWIP ⓘ	36	30	15	11	8	8	4	30	12	11
Investments ⓘ	95	109	108	67	55	104	228	309	238	680
Inventories	89	83	130	117	111	85	108	97	355	119
Trade Receivables	1	1	2	4	4	5	5	8	9	12
Cash Equivalents	9	7	11	10	27	160	60	31	39	45
Others Assets ⓘ	42	67	38	51	43	46	89	74	71	69
Total Assets ⓘ	436	531	601	723	733	903	1,005	1,114	1,302	1,535

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	131	60	83	118	103	217	145	140	-15	479
PBT ⓘ	74	68	75	79	48	165	163	115	206	324
Adjustment ⓘ	26	19	31	42	53	54	27	39	46	4
Changes in Working Capital ⓘ	64	-6	-8	16	5	47	-6	16	-223	237
Tax Paid ⓘ	-34	-22	-16	-19	-2	-50	-39	-30	-44	-86
Cash Flow From Investing Activity ⓘ +	-96	-80	-61	-140	-45	-166	-129	-166	32	-470
Capex	-90	-74	-66	-186	-67	-51	-70	-71	-62	-86
Net Investments	-3	-2	5	45	18	-120	-83	-90	87	-415
Others ⓘ	-3	-5	1	0	4	6	24	-5	7	31
Cash Flow From Financing Activity ⓘ +	-37	19	-40	62	-26	11	-49	-3	-3	-4
Net Proceeds from Shares ⓘ	0	0	0	0	0	100	50	0	0	18
Net Proceeds from Borrowing ⓘ	25	2	-7	40	-16	-23	-87	0	0	0
Interest Paid ⓘ	-11	-10	-10	-11	-14	-12	-6	0	0	0
Dividend Paid ⓘ	-10	0	0	0	-18	-11	0	0	0	-18
Others ⓘ	-41	28	-22	33	23	-43	-6	-3	-3	-3
Net Cash Flow ⓘ	-2	-1	-18	39	33	61	-33	-29	13	6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	15.43	17.25	15.94	14.2	7.21	21.78	19.72	11.41	16.08	21.33
ROCE (%)	24.94	19.69	19.17	17.55	11.75	28.78	23.09	13.99	21.61	28.08
Asset Turnover Ratio	2.79	2.92	2.72	2.48	2.79	2.29	2.22	2.47	2.44	2.39
PAT to CFO Conversion(x)	3.64	1.3	1.63	2.27	3.68	2.01	1.06	1.47	-0.1	1.94
Working Capital Days
Receivable Days	0.30	0.10	0.30	0.60	0.70	0.80	0.80	0.90	1.10	1.10
Inventory Days	35.60	22.30	25.20	27.50	20.50	19.20	16.70	14.40	28.10	25.60
Payable Days	15.10	13.70	16.40	19.60	16.20	21.10	20.40	18.20	19.80	18.50

About Dodla Dairy Ltd

Dodla Dairy (Dodla), established in 1995, is an integrated dairy company based in South India. The company operates state-of-the-art processing plants, milk collection centres, storage facilities, machinery, vehicles, and offers a diverse range of dairy products. The company’s extensive portfolio is an essential part of daily life, complementing every meal. The company has several processing plants in India. Besides milk, the company specialises in producing and selling value added products (VAPs), such as flavoured milk, lassi, ice creams, curd, cheese, paneer, ghee, and yogurt, catering to diverse consumer needs. Expanding beyond India, the company has established a strong foothold in Africa, specifically in Kenya and Uganda. The company’s African operations focus on direct milk procurement from local farmers, ensuring quality control, fair pricing, and farmer empowerment. Replicating its India-based model, the company has strengthened the dairy supply chain in Kenya and Uganda, providing farmers with stable income, while delivering highquality dairy products to consumers.

Additionally, through its wholly owned subsidiary, Orgafeed, the company is engaged in seed crushing and cattle feed manufacturing, and dealing of groundnuts, sesame seeds, and cotton. Orgafeed aligns with its strategic focus on strengthening the dairy supply chain and ensuring cost efficiency in milk production. By producing high-quality, nutritionally balanced, and affordable cattle feed, the company helps dairy farmers improve livestock productivity, milk yields, and reduce dependency on external feed suppliers. This approach not only supports Dodla Dairy’s integrated model but also ensures greater control over input costs, improving the overall profitability and sustainability of its dairy operations.

Business area of the company

The company is engaged in sale of milk and milk 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.

Products

Milk
UHT Milk
Curd
Buttermilk
Ice Creams
Lassi
Flavoured Milk
Sweets
Paneer
Ghee

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.
2021-22: During the Financial year 2021-2022, the Company has received “EMERGING COMPANY OF THE YEAR” award from SOUTH INDIA BUSINESS LEADER OF THE YEAR.
2021-22: The Company received “ACHIEVER HR BEST Practices -2021” in the category of best in HR Technology/ Analytics in large scale from Federation of Telangana Chambers of Commerce and industry (FTCCI).
2022-23: CII award for food safety 2022 – Commendation Certificate for Significant Achievement in Food Safety award from CII’s Food and Agriculture Centre of Excellence (FACE) in “Dairy Products Large Business” for two of units i.e. Gundrampally and Chendurthi.
2022-23: National Safety Council of India Safety Awards – 2022 in manufacturing sector awarded to Dodla Dairy, Nellore Plant, Andhra Pradesh.
2023-24: National Safety Council of India Safety Awards – 2023 in manufacturing sector awarded to Dodla Dairy, Chendurthi, Indragi and Gundrampally
2024-25: Confederation of Indian Industry (CII) - 25th National Award for Excellence in Energy Management 2024.
2024-25: Bureau of Indian Standards (BIS) - Skimmed Milk Powder: Part-1 Standard Grade
2024-25: India Food Summit - Dairy Company of the Year
2024-25: Bureau of Indian Standards (BIS) - Skimmed Milk Powder: Achieving Zero Failure
2024-25: Inter Dairy Awards 2024 - Best Product Quality & Safety Control
2024-25: National Safety Council of India Awards 2024 - Batlangundu Plant: Best Safety Control

Major events and milestones

1995: Incorporation of Dodla Dairy Limited.
1998: Established an Integrated dairy processing and packaging plant at Nellore, AP. (Greenfield Project)
2001: Acquired a dairy processing plant at Penumur, AP. (Brownfield Project)
2004: Established a dairy processing and packaging plant at Palamaner, AP. (Greenfield Project)
2007: Established a dairy processing plant at Badvel, AP. (Greenfield Project)
2007: Acquired a dairy processing plant at Sattenapalle, AP. (Brownfield Project)
2009: Established Skim milk Powder (SMP) plant at Nellore, AP. (Greenfield Project)
2009: Implemented Microsoft Dynamic ERP software across the company.
2013: Acquired a dairy processing plant at Kurnool, AP and modernized completely.
2014: Acquired a dairy processing plant at Mbarara, Uganda and modernized completely. This is the 1st International operation.
2014: Established an Integrated dairy processing and packaging plant at Indragi, KA. (Greenfield Project)
2014: Established a dairy farm plant at Pulivendula, AP. (Greenfield Project)
2016: Acquired a processing plant in Dharmapuri in Tamil Nadu. This new plant has helped Dodla Brand to expand in Central and South Tamil Nadu markets and Bengaluru
2017: Established an Integrated dairy processing and packaging plant at Hyderabad, TS. (Greenfield Project)
2017: Acquired a dairy processing and packaging plant at Palacode, TN. (Brownfield Project)
2018: Implemented SAP software for all functions & verticals.
2018: Established a Ice cream plant at Hyderabad, TS.
2019: Established an Integrated dairy processing and packaging plant at Chendurthi, AP. (Greenfield Project)
2019: Acquired two dairy processing plants at Dindigal and Batlagundu, TN. (Brownfield Project)
2019: Acquired Animal Feed plant at Kadapa, AP. (Brownfield Project)
2020: Upgraded the Nellore plant
2021: Secured Rs 1,000 Million investment from IFC
2021: Listed on BSE Ltd. and NSE Limited
2022: Acquired a dairy processing plant at Kirwatti, KA. (Brownfield Project)
2023: Established a Cattle Feed plant at Kuppam, AP. (Greenfield Project)
2024: Acquired a dairy processing plant at Hassan, KA. (Brownfield Project)
2024: Commenced operations at Dodderi Plant, Karnataka by replacing Tumkur lease Plant
2025: Completed the purchase of 61 acres of land parcel for the Dairy business and 12 acres for the Orgafeed business in Itkal Village, Maharashtra.

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Dodla Dairy Ltd (DODLA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Dodla Dairy Share Price