Dodla Dairy Ltd - Stock Valuation and Financial Performance

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

Dodla Dairy Share Price

801.80 -1.20 -0.15%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Dodla Dairy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Dodla Dairy stock performance -

mw4me loader
P/E Ratio (SA):
36.02
Market Cap:
4,777.3 Cr.
52-wk low:
431.8
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 Somewhat overvalued zone.

3. Is Dodla Dairy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dodla Dairy Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11%6.4%13.1%13.3%12.9%11.3%7.4%19%19.2%11.6%-
Value Creation
Index
-0.2-0.5-0.1-0.1-0.1-0.2-0.50.40.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8421,0181,1821,4101,5371,5981,9881,8372,0962,5842,844
Sales YoY Gr.-20.9%16.1%19.3%9%4%24.4%-7.6%14.1%23.3%-
Adj EPS 80.343.2112.4140.9153.895.218.6231622.3
YoY Gr.--46.1%160%25.3%9.2%-94.2%-42.2%260.5%23.5%-30.6%-
BVPS (₹) 616.9663.7746.7891.11,046.77170.8103.1131.8147.9167.9
Adj Net
Profit
26.314.236.846.150.449.828.810913795.1133
Cash Flow from Ops. 61.1-41.913159.882.8118103217145140-
Debt/CF from Ops. 1.2-30.82.31.51.31.50.400-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%11%9.1%23.3%
Adj EPS -16.4%-36.4%45.7%-30.6%
BVPS-14.7%-32.4%27.8%12.2%
Share Price - - - 82.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
146.815.917.215.913.57.321.719.711.414.1
Op. Profit
Mgn %
4.738.46.26.97.2511.98.95.87.4
Net Profit
Mgn %
3.11.43.13.33.33.11.55.96.53.74.7
Debt to
Equity
0.40.60.50.50.40.40.40.100-
Working Cap
Days
4756503738393029292727
Cash Conv.
Cycle
152324111213831013

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 45.67%

Sales growth is good in last 4 quarters at 15.93%

Return on Equity has declined versus last 3 years average to 14.10%

Sales growth has been subdued in last 3 years 9.14%

Latest Financials - Dodla Dairy Ltd

Standalone Consolidated
TTM EPS (₹) 22.3 23.9
TTM Sales (₹ Cr.) 2,844 3,062
BVPS (₹.) 167.9 183.7
Reserves (₹ Cr.) 939 1,034
P/BV 4.78 4.37
PE 36.02 33.54
From the Market
52 Week Low / High (₹) 431.75 / 1070.00
All Time Low / High (₹) 385.00 / 1070.00
Market Cap (₹ Cr.) 4,777
Equity (₹ Cr.) 59.5
Face Value (₹) 10
Industry PE 64.9

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8421,0181,1821,4101,5371,5981,9881,8372,0962,584
Operating Expenses 8039881,0871,3231,4321,4831,8891,6191,9102,434
Manufacturing Costs395258708410298586880
Material Costs6818379111,1181,1991,2021,5601,2981,5372,002
Employee Cost 253346526171848294109
Other Costs 5866738389108147183211243
Operating Profit 3930958710511598217186150
Operating Profit Margin (%) 4.6%3.0%8.0%6.2%6.8%7.2%5.0%11.8%8.9%5.8%
Other Income 7687681383324
Interest 381381111171372
Depreciation 5131618253446474958
Exceptional Items 0000000000
Profit Before Tax 37167468757948165163115
Tax 1003822252619572720
Profit After Tax 2815364651522810813795
PAT Margin (%) 3.3%1.5%3.0%3.3%3.3%3.3%1.4%5.9%6.5%3.7%
Adjusted EPS (₹)5.02.86.48.39.19.45.118.623.016.0
Dividend Payout Ratio (%)0%0%23%0%0%0%102%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 202217245292343395394601784880
Share Capital 333335656585959
Reserves 199214241289340339339543725821
Minority Interest0000000000
Debt521211031281171421275300
Long Term Debt138323222110875300
Short Term Debt391137197943140000
Trade Payables263635495970688190109
Others Liabilities 7636536282117144167130125
Total Liabilities 3554114365316017237339031,0051,114

Fixed Assets

Gross Block99162214252340538603659720823
Accumulated Depreciation233551184275118164210260
Net Fixed Assets76127164234297464484495510563
CWIP 1953630151188430
Investments 9085951091086755104228309
Inventories4814289831301171118510897
Trade Receivables1111244558
Cash Equivalents 4311971110271606031
Others Assets78414267385143468974
Total Assets 3554114365316017237339031,0051,114

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 61-421316083118103217145140
PBT 37167468757948165163115
Adjustment 5202619314253542739
Changes in Working Capital 30-7664-6-816547-616
Tax Paid -11-2-34-22-16-19-2-50-39-30
Cash Flow From Investing Activity -55-34-96-80-61-140-45-166-129-166
Capex -57-50-90-74-66-89-67-51-70-71
Net Investments 635-3-254518-120-53-69
Others -3-18-3-51-9646-6-26
Cash Flow From Financing Activity 144-3719-4062-2611-49-3
Net Proceeds from Shares 0000000100500
Net Proceeds from Borrowing 12-23252-795-16-23-870
Interest Paid -3-7-11-10-10-11-14-12-60
Dividend Paid 00-10000-18-1100
Others -874-4128-22-2323-43-6-3
Net Cash Flow 7-32-2-1-18393361-33-29
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.657.3115.417.1915.9414.27.2121.7819.7211.41
ROCE (%)15.77.6424.9219.6419.1717.5511.7528.7823.0913.99
Asset Turnover Ratio2.612.662.792.922.722.412.792.292.222.47
PAT to CFO Conversion(x)2.18-2.83.641.31.632.273.682.011.061.47
Working Capital Days
Receivable Days0000011111
Inventory Days27343622252821191714
Payable Days14141414162016212018

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 28-Mar-2024 16:01 is ₹801.8.
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 28-Mar-2024 16:01 the market cap of Dodla Dairy stood at ₹4,777.3.
The latest P/E ratio of Dodla Dairy as of 28-Mar-2024 16:01 is 36.02.
The latest P/B ratio of Dodla Dairy as of 28-Mar-2024 16:01 is 4.78.
The 52-week high of Dodla Dairy is ₹1,070 and the 52-week low is ₹431.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dodla Dairy is ₹2,844 ( 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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