Financials Parag Milk Foods Limited

Equities

Market Closed - Bombay S.E. Other stock markets 03:59:23 13/02/2026 pm IST			5-day change	1st Jan Change
222.15 ^INR	-5.08%		-4.57%	-23.46%

05/02	Parag Milk Foods Limited, Q3 2026 Earnings Call, Feb 05, 2026
12/11	Parag Milk Foods' Consolidated Profit Rises in Fiscal Q2	MT

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	18,418	20,718	-	31,387	34,322	40,065	44,313	49,361
Change	-	12.49%	-	-	9.35%	16.73%	10.6%	11.39%
EBITDA ¹	1,248	711.8	-	1,971	2,527	3,231	3,925	4,535
Change	-	-42.96%	-	-	28.18%	27.87%	21.48%	15.54%
EBIT ¹	729.9	384.5	-	1,369	1,855	2,507	3,111	3,643
Change	-	-47.32%	-	-	35.49%	35.18%	24.09%	17.1%
Interest Paid ¹	-457.7	-509.6	-	-762.4	-931.2	-728	-654	-654
Earnings before Tax (EBT) ¹	407.2	-5,221	-	858.6	1,326	1,880	2,625	3,257
Change	-	-1,381.93%	-	-	54.43%	41.79%	39.63%	24.08%
Net income ¹	207	-5,325	532.5	905.8	1,188	1,493	1,969	2,443
Change	-	-2,671.82%	110%	70.1%	31.14%	25.68%	31.88%	24.07%
Announcement Date	12/06/21	30/06/22	29/04/23	18/05/24	02/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2025 Q1	2025 Q2	2025 Q3	2026 Q1
Net sales ¹	4,356	4,982	4,736	4,343	4,384	5,323	5,387	5,623	7,579	8,713	8,847	10,778
Change	-	14.38%	-4.95%	-8.29%	0.94%	21.41%	1.2%	4.37%	34.8%	14.96%	1.54%	21.82%
EBITDA ¹	297.2	414.9	351.5	184.4	449.2	530.2	490.7	-758.4	558.1	692	734.7	837
Change	-	39.6%	-15.28%	-47.55%	143.67%	18.03%	-7.45%	-254.54%	173.59%	23.99%	6.17%	13.92%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-188.8	-226.3	-257.6	-204
Earnings before Tax (EBT) ¹	69.62	-	-	-	-	-	-	-	268.1	355.7	376.6	523
Change	-	-	-	-	-	-	-	-	-	32.67%	5.88%	38.87%
Net income ¹	32.36	159	112.2	-	-	-	-	-	273	292.1	360.7	460
Change	-	391.19%	-29.44%	-	-	-	-	-	-	7%	23.49%	27.53%
Announcement Date	07/09/20	09/11/20	05/02/21	12/06/21	29/07/21	01/11/21	05/02/22	30/06/22	23/07/24	11/11/24	30/01/25	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-	-	-	5,843	5,904	5,424	4,679	3,647
Change	-	-	-	-	1.04%	-8.14%	-13.74%	-22.06%
Announcement Date	12/06/21	30/06/22	29/04/23	18/05/24	02/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2024	2025	2026	2027	2028
CAPEX ¹	430.5	355.9	611.8	1,238	1,200	1,350	1,500
Change	-	-17.33%	-	102.42%	-3.11%	12.5%	11.11%
Free Cash Flow (FCF) ¹	569.1	-1,750	379.3	881.9	480	745	1,032
Change	-	-407.49%	-	132.52%	-45.57%	55.21%	38.52%
Announcement Date	12/06/21	30/06/22	18/05/24	02/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	6.78%	3.44%	-	6.28%	7.36%	8.06%	8.86%	9.19%
EBIT Margin (%)	3.96%	1.86%	-	4.36%	5.4%	6.26%	7.02%	7.38%
EBT Margin (%)	2.21%	-25.2%	-	2.74%	3.86%	4.69%	5.92%	6.6%
Net margin (%)	1.12%	-25.7%	-	2.89%	3.46%	3.73%	4.44%	4.95%
FCF margin (%)	3.09%	-8.45%	-	1.21%	2.57%	1.2%	1.68%	2.09%
FCF / Net Income (%)	274.84%	32.86%	-	41.87%	74.24%	32.15%	37.84%	42.24%
Profitability
ROA	-	-	-	5.09%	-	7%	8%	9%
ROE	2.25%	-3.1%	-	10.53%	-	13%	14%	15%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	2.96x	2.34x	1.68x	1.19x	0.8x
Debt / Free cash flow	-	-	-	15.4x	6.7x	11.3x	6.28x	3.53x
Capital Intensity
CAPEX / Current Assets (%)	2.34%	1.72%	-	1.95%	3.61%	3%	3.05%	3.04%
CAPEX / EBITDA (%)	34.5%	50%	-	31.04%	49.01%	37.14%	34.39%	33.08%
CAPEX / FCF (%)	75.64%	-20.34%	-	161.32%	140.44%	250%	181.21%	145.35%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	0.5	-	-	0.5	1	-	-	-
Change	-	-	-	-	100%	-	-	-
Book Value Per Share ¹	-	58.2	-	76.52	85.86	99.9	116.7	137.5
Change	-	-	-	-	12.2%	16.36%	16.82%	17.82%
EPS ¹	2.46	-56.91	4.82	7.47	9.51	12.7	16.8	20.8
Change	-	-2,413.41%	108.47%	54.98%	27.31%	33.54%	32.28%	23.81%
Nbr of stocks (in thousands)	83,939	95,200	1,17,200	1,19,200	1,19,200	1,24,939	1,24,939	1,24,939
Announcement Date	12/06/21	30/06/22	29/04/23	18/05/24	02/05/25	-	-	-