Dodla Dairy Ltd Stock Analysis

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

BSE Share Price 08-Dec-2022 18:01
504.20 -5.35 (-1.05%)

DeciZen - Make an Informed Decision on Dodla Dairy

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Dodla Dairy Price Chart

P/E Ratio (SA) :
22.95
Market Cap :
3,031.5 Cr.
52-wk low :
385
52-wk high :
614.9
Bole Toh?

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 Fair zone.

3. Is Dodla Dairy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dodla Dairy Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 21.1%11%6.4%13.1%13.3%12.9%11.3%7.4%19%19.2%-
Value Creation Index 0.5-0.2-0.5-0.1-0.1-0.1-0.2-0.50.40.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7328421,0181,1821,4101,5371,5981,9881,8372,0962,373
YoY Gr. Rt. %-15.1%20.9%16.1%19.3%9%4%24.4%-7.6%14.1%-
Adj EPS 102.780.343.2112.4140.9153.895.218.62322.2
YoY Gr. Rt. %--21.9%-46.1%160%25.3%9.2%-94.2%-42.2%260.5%23.5%-
BVPS (₹) 532.8616.9663.7746.7891.11,046.77170.8103.1131.8141.1
Adj Net Profit 33.626.314.236.846.150.449.828.8109137132
Cash Flow from Ops. 42.761.1-41.913159.882.8118103217145-
Debt/CF from Ops. 1.71.2-30.82.31.51.31.50.40-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.4%8.3%9.5%14.1%
Adj EPS -15.3%-30.4%37%23.5%
BVPS -14.4-31.822.927.9
Share Price - - - -11.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 30.5146.815.917.215.913.57.321.719.716.3
Op. Profit Mgn % 7.74.738.46.26.97.2511.98.97
Net Profit Mgn % 4.63.11.43.13.33.33.11.55.96.55.6
Debt to Equity 0.40.40.60.50.50.40.40.40.100
Working Cap Days 4547565037383930292950
Cash Conv. Cycle 2315232411121383124

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.30%

Net Profit is growing at healthy rate in last 3 years 37.01%

Sales growth is good in last 4 quarters at 18.83%

Sales growth has been subdued in last 3 years 9.47%

Latest Financials - Dodla Dairy Ltd

Standalone Consolidated
TTM EPS (₹) 22.2 22.1
TTM Sales (₹ Cr.) 2,373 2,577
BVPS (₹.) 141.1 153.2
Reserves (₹ Cr.) 780 852
P/BV 3.61 3.32
PE 22.95 23.00
From the Market
52 Week Low / High (₹) 385.00 / 614.90
All Time Low / High (₹) 385.00 / 672.00
Market Cap (₹ Cr.) 3,031
Equity (₹ Cr.) 59.5
Face Value (₹) 10
Industry PE 64.1

Management X-Ray of Dodla Dairy :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* 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 (%)

News

Dodla Dairy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dodla Dairy on 08-Dec-2022 18:01 is : 504.2.
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 08-Dec-2022 18:01 the market cap of Dodla Dairy stood at ₹ 3,031.5.
The latest PE ratio of Dodla Dairy as of 08-Dec-2022 18:01 is 22.95.
The latest PB ratio of Dodla Dairy as of 08-Dec-2022 18:01 is 3.61
The 52-week high of Dodla Dairy is ₹ 614.9 and the 52-week low is ₹ 385.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Dodla Dairy is ₹ 2,373 ( 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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