DODLAFast Moving Consumer Goods

Dodla Dairy Limited

Dairy Products · ISIN INE021O01019 · BSE 543306 · NSE EQ · FV ₹10
Last price
₹986
-3.85%today
What this company does

Dodla Dairy Limited operates in Dairy Products, part of the Fast Moving Consumer Goods sector. It booked ₹1,196 cr of revenue in its latest quarter (Q2 FY27) and kept 3.1% of sales as profit. It is the 4th largest of 8 Dairy Products companies we track, by market value.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 39–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
55

At close. Not part of the score.

Profitability & returns36

How much profit it earns on the money it employs

Balance sheet84

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency83

Whether sales and profit have grown, and how steadily

Valuation16

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 17% vs last year
✓ Promoters hold 59%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 3.1% net margin
! Profit down 44% vs last year

What if I invest in DODLA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹986▼ -3.85%
latest close · 2026-11-04
1-year return
+67.0%
52-wk low ₹40852-wk high ₹1,160
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio40.7High
LowAverageHigh
P/B ratio3.45High
Below bookModerateHigh
EV / EBITDA19.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.5%Fair
WeakFairStrong ▸15%
Return on capital11.2%Fair
WeakFairStrong
Net margin3.1%Thin
ThinDecentStrong
EBITDA margin6.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover56.6×Strong
RiskyOkayStrong ▸5×
Current ratio2.42Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹5,948 cr
Book value
₹285
EPS
₹6.06
latest quarter
Net debt
₹-107 cr
more cash than debt
Enterprise value
₹5,841 cr
EBITDA
₹300 cr
annualised
EBIT
₹206 cr
annualised
Operating margin
4.3%
Return on assets
6.7%
Earnings yield
2.46%
P/S
1.24
Sales / share
₹793.0
Tax rate
27.6%
Face value
₹10
Shares
6.0 cr
Working capital
₹505 cr
Current assets
₹861 cr
Current liabilities
₹355 cr
Delivery %
39.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹465 vs market price ₹986 — price is 112% above it
Safety cushion-111.9%(target ≥ +20%)
Models span ₹353–₹578, midpoint ₹465
Model ₹465
Price ₹986
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,196 cr
Other Income₹11 cr
Total Income₹1,207 cr
Cost of Materials₹973 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-53 cr
Employee Benefit Expense₹55 cr
Finance Costs₹91 L
Depreciation & Amortisation₹24 cr
Other Expenses₹157 cr
Total Expenses₹1,156 cr
Profit before Tax₹51 cr
Tax Expense₹14 cr
Net Profit₹37 cr
Net margin on total income3.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹920 cr76.3%
Employee benefit expense₹55 cr4.6%
Finance costs₹91 L0.1%
Depreciation & amortisation₹24 cr2.0%
Other expenses₹157 cr13.0%
Tax expense₹14 cr1.2%
Profit for the period₹37 cr3.0%
Total income ₹1,207 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,074 cr1,198 cr1,196 cr
Total income1,095 cr1,212 cr1,207 cr
Expenses1,044 cr1,157 cr1,156 cr
Profit before tax54 cr55 cr51 cr
Tax-16 cr14 cr14 cr
Net profit (owners' share)70 cr41 cr37 cr
Net margin (owners' share, on revenue)6.5%3.4%3.1%
EPS (₹)11.566.746.06
YoY (latest quarter): total income +17.2% · net profit -44.3%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹2,201 cr
Shareholder equity
₹1,722 cr
parent shareholders
Total debt
₹44 cr
Cash
₹152 cr
Cash flow · H1 FY27
Operating
₹87 cr
Investing
₹25 cr
Financing
₹-39 cr
Peer comparison
Dairy Products · by market value
CompanyPriceMarket capP/E
Hatsun Agro Product Limited₹1,033₹23,011 cr94.9
Milky Mist Dairy Food Limited₹299₹22,999 cr67.9
Kwality Wall's (India) Limited₹38₹8,836 cr42.7
Dodla Dairy Limitedthis company₹1,025₹6,187 cr42.3
Vadilal Industries Limited₹7,331₹5,271 cr24.0
Heritage Foods Limited₹370₹3,433 cr27.4
Parag Milk Foods Limited₹250₹3,119 cr35.4
Sheetal Cool Products Limited₹549₹576 cr20.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.51%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹5
ex 7 Jul 2026
ActionDetailEx-date
Dividend₹5 / share7 Jul 2026
Dividend₹2 / share7 Jul 2025
Dividend₹3 / share31 Oct 2024
Who owns it · 2026-09-30
No pledge
Promoter
58.9%
FII / Foreign
6.1%
DII / Domestic
26.1%
Retail / others
8.9%
Promoter stake down 3.3% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBOMMI SUREKHA REDDY · Promoter Group4.65 L · ₹59.4 cr25 Jul 25
BoughtBusireddy Venkat Krishna Reddy · Key Managerial Personnel9.86 L · ₹118.4 cr11 Nov 24
BoughtBusireddy Venkat Krishna Reddy · Key Managerial Personnel2.70 L · ₹31.2 cr8 Nov 24
Bulk / block deals
short— · NSE719 Mar 26
SoldBOMMI SUREKHA REDDY · NSE4.65 L @ ₹1,280.6825 Jul 25
short— · NSE14416 Jun 25
Stake changes
BoughtDSP Trustee Private Limited on behalf of schemes of DSP Mutual Fund (Buyer)→ 7.16% · 3.12 L31 Jul 26
BoughtHDFC Mutual Fund→ 7.34% · 12.07 L17 Apr 26
BoughtHDFC Mutual Fund→ 5.34% · 2.57 L10 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Dec 2025
See the official result
1
To approve the re-appointment of Dr. Raja Rathinam (DIN: 09045647) as a Non-executive Independent Director of the Company and continuation of his directorship as a Non-executive Independent Director in terms of Regulation 17 (1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Backed by 100% of shareholders other than promotersneeded 75%
2.06 cr votes for, 34,834 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 58.9% between them · as of 2026-09-30
DODLA FAMILY TRUST24.08%
DODLA SUNIL REDDY12.69%
DODLA DEEPA REDDY10.78%
MYLKTREE CONSULTANTS LLP10.29%
SESHA REDDY DODLA0.92%
BOMMI SUREKHA REDDY0.15%
DODLA GIRIJA REDDYno shares
DODLA SUBBA REDDYno shares
Business done with them
FY2026 · 1 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.1% of its ₹4,125 cr revenue.
Dodla Sunil Reddy
Paid them for services · remuneration
also owns 12.69% of the company
₹5 cr
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.