Dodla Dairy Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 29, 2024, 8:20 pm

Market Cap	7,280 Cr.
Current Price	1,207
High / Low	1,346/791
Stock P/E	33.6
Book Value	214
Dividend Yield	0.25 %
ROCE	22.1 %
ROE	15.5 %
Face Value	10.0
PEG Ratio	3.08

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dodla Dairy Ltd

Competitors of Dodla Dairy Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Healthy Life Agritec Ltd	197 Cr.	79.4	79.4/3.47	60.6	13.0	0.00 %	12.6 %	9.78 %	10.0
Dodla Dairy Ltd	7,280 Cr.	1,207	1,346/791	33.6	214	0.25 %	22.1 %	15.5 %	10.0
Vadilal Industries Ltd	2,929 Cr.	4,074	5,143/2,320	19.1	915	0.04 %	27.1 %	31.0 %	10.0
Umang Dairies Ltd	251 Cr.	114	165/72.4	42.1	20.0	0.00 %	7.17 %	2.90 %	5.00
Heritage Foods Ltd	4,415 Cr.	476	728/288	25.3	96.1	0.53 %	16.2 %	13.3 %	5.00
Industry Average	6,324.00 Cr	1,162.90		42.63	221.90	0.23%	16.40%	14.91%	6.83

All Competitor Stocks of Dodla Dairy Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	566	575	590	717	695	675	724	823	768	747	787	912	998
Expenses	505	523	543	672	636	622	691	763	698	664	712	806	901
Operating Profit	61	52	47	45	59	54	34	60	70	83	75	105	96
OPM %	11%	9%	8%	6%	8%	8%	5%	7%	9%	11%	10%	12%	10%
Other Income	3	4	4	4	6	7	6	7	7	6	8	7	10
Interest	4	0	0	0	0	0	0	0	0	1	1	1	1
Depreciation	13	13	13	15	16	16	15	16	17	18	18	18	19
Profit before tax	48	42	38	34	49	44	25	51	59	70	64	93	86
Tax %	38%	36%	-7%	27%	19%	19%	10%	31%	26%	41%	27%	30%	27%
Net Profit	29	27	40	25	39	35	23	35	44	41	47	65	63
EPS in Rs	4.94	4.51	6.80	4.19	6.63	5.95	3.79	5.88	7.33	6.95	7.87	10.93	10.51

Last Updated: November 6, 2024, 6:52 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 2:41 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,590	1,692	2,139	1,944	2,243	2,812	3,125	3,444
Expenses	1,476	1,556	1,996	1,700	2,031	2,619	2,835	3,084
Operating Profit	114	135	143	244	212	193	290	360
OPM %	7%	8%	7%	13%	9%	7%	9%	10%
Other Income	6	7	5	6	13	22	26	30
Interest	11	12	17	13	7	2	3	4
Depreciation	28	37	49	51	52	61	70	73
Profit before tax	80	93	82	186	166	152	244	313
Tax %	29%	33%	39%	32%	20%	19%	32%
Net Profit	57	63	50	126	133	122	167	217
EPS in Rs	173.72	11.27	8.96	21.60	22.32	20.55	28.03	36.26
Dividend Payout %	0%	0%	58%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	10.53%	-20.63%	152.00%	5.56%	-8.27%	36.89%
Change in YoY Net Profit Growth (%)	0.00%	-31.16%	172.63%	-146.44%	-13.83%	45.16%

Dodla Dairy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	13%
3 Years:	17%
TTM:	15%

Compounded Profit Growth
10 Years:	%
5 Years:	22%
3 Years:	9%
TTM:	59%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	30%
1 Year:	38%

Return on Equity
10 Years:	%
5 Years:	16%
3 Years:	15%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:37 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	56	56	58	59	59	59	60
Reserves	336	351	378	600	784	913	1,079	1,229
Borrowings	132	167	160	99	13	32	46	46
Other Liabilities	135	178	199	216	232	247	293	325
Total Liabilities	607	752	793	972	1,088	1,251	1,478	1,660
Fixed Assets	327	500	536	549	566	624	713	725
CWIP	16	11	11	8	4	58	12	9
Investments	67	26	12	60	184	260	196	476
Other Assets	197	214	233	355	334	310	556	450
Total Assets	607	752	793	972	1,088	1,251	1,478	1,660

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	87	136	166	245	171	161	-1
Cash from Investing Activity +	-66	-148	-76	-200	-137	-210	30
Cash from Financing Activity +	-41	60	-26	11	-49	15	-1
Net Cash Flow	-20	48	64	55	-14	-35	28

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-18.00	-32.00	-17.00	145.00	199.00	161.00	244.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	1	2	1	1	1	1	1
Inventory Days	40	36	27	26	27	20	62
Days Payable	19	22	17	23	23	22	24
Cash Conversion Cycle	22	16	11	4	5	-0	40
Working Capital Days	9	2	-5	-8	-7	-7	19
ROCE %		20%	17%	30%	21%	16%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	62.54%	62.54%	62.54%	62.21%	62.21%	62.21%	62.21%	62.21%	62.21%	62.21%	60.52%	59.69%
FIIs	6.48%	4.40%	4.29%	13.04%	12.83%	12.83%	10.59%	10.92%	11.34%	11.36%	11.27%	11.58%
DIIs	14.96%	16.84%	16.86%	14.42%	15.85%	16.06%	18.06%	16.99%	16.90%	17.62%	18.64%	17.96%
Public	16.03%	16.22%	16.32%	10.34%	9.10%	8.91%	9.15%	9.89%	9.55%	8.82%	9.57%	10.78%
No. of Shareholders	43,143	43,390	42,721	40,904	39,396	37,738	34,453	34,479	32,356	29,700	32,163	33,798

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Small Cap Fund	3,672,376	1.12	318.89	86,042	2024-12-28	4168.12%
DSP Small Cap Fund	3,237,172	2.04	281.1	86,042	2024-12-28	3662.32%
SBI Magnum Childrens Benefit Fund - Investment Plan	700,000	3	60.78	86,042	2024-12-28	713.56%
SBI Magnum Midcap Fund	648,951	0.31	56.35	86,042	2024-12-28	654.23%
Edelweiss Small Cap Fund	531,480	1.35	46.15	86,042	2024-12-28	517.7%
SBI Consumption Opportunities Fund	200,000	0.8	17.37	86,042	2024-12-28	132.44%
Edelweiss Recently Listed IPO Fund	86,042	0.84	7.47	86,042	2024-12-28	0%
SBI Long Term Advantage Fund - Series IV	70,000	2.91	6.08	86,042	2024-12-28	-18.64%
Taurus Mid Cap Fund	12,251	0.85	1.06	86,042	2024-12-28	-85.76%
SBI Magnum Children Benefit Plan	10,000	0.93	1.04	86,042	2024-12-28	-88.38%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	28.03	20.55	22.43	22.48	8.96
Diluted EPS (Rs.)	27.75	20.39	22.24	22.33	8.96
Cash EPS (Rs.)	39.80	30.84	31.12	30.30	17.79
Book Value[Excl.RevalReserv]/Share (Rs.)	191.43	163.42	141.72	112.81	77.87
Book Value[Incl.RevalReserv]/Share (Rs.)	191.43	163.42	141.72	112.81	77.87
Revenue From Operations / Share (Rs.)	525.35	472.67	377.08	333.31	384.28
PBDIT / Share (Rs.)	53.16	36.02	37.72	42.66	26.44
PBIT / Share (Rs.)	41.38	25.73	28.92	33.97	17.60
PBT / Share (Rs.)	40.98	25.52	27.83	31.93	14.71
Net Profit / Share (Rs.)	28.03	20.55	22.32	21.60	8.96
NP After MI And SOA / Share (Rs.)	28.03	20.55	22.32	21.60	8.96
PBDIT Margin (%)	10.11	7.61	10.00	12.80	6.88
PBIT Margin (%)	7.87	5.44	7.67	10.19	4.58
PBT Margin (%)	7.80	5.39	7.38	9.57	3.82
Net Profit Margin (%)	5.33	4.34	5.92	6.47	2.33
NP After MI And SOA Margin (%)	5.33	4.34	5.92	6.47	2.33
Return on Networth / Equity (%)	14.64	12.57	15.75	19.14	11.50
Return on Capital Employeed (%)	20.25	14.77	19.10	25.47	17.01
Return On Assets (%)	11.28	9.77	12.20	12.95	6.23
Long Term Debt / Equity (X)	0.02	0.01	0.00	0.08	0.21
Total Debt / Equity (X)	0.02	0.01	0.00	0.08	0.31
Asset Turnover Ratio (%)	2.29	2.40	2.12	2.16	2.66
Current Ratio (X)	2.70	2.20	2.15	2.07	0.99
Quick Ratio (X)	1.22	1.64	1.50	1.57	0.45
Inventory Turnover Ratio (X)	10.14	17.58	15.05	12.77	12.74
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	0.00	49.99
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	0.00	25.16
Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	50.01
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	74.84
Interest Coverage Ratio (X)	131.78	177.09	34.43	20.92	9.12
Interest Coverage Ratio (Post Tax) (X)	70.47	102.06	21.38	11.59	4.09
Enterprise Value (Cr.)	4696.41	2655.64	2534.33	0.00	0.00
EV / Net Operating Revenue (X)	1.50	0.94	1.13	0.00	0.00
EV / EBITDA (X)	14.85	12.39	11.29	0.00	0.00
MarketCap / Net Operating Revenue (X)	1.53	0.98	1.19	0.00	0.00
Retention Ratios (%)	0.00	0.00	0.00	0.00	50.00
Price / BV (X)	4.19	2.84	3.16	0.00	0.00
Price / Net Operating Revenue (X)	1.53	0.98	1.19	0.00	0.00
EarningsYield	0.03	0.04	0.04	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dodla Dairy Ltd as of December 30, 2024 is: 1,117.30

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, Dodla Dairy Ltd is Overvalued by 7.43% compared to the current share price 1,207.00

Intrinsic Value of Dodla Dairy Ltd as of December 30, 2024 is: 1,239.27

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Dodla Dairy Ltd is Undervalued by 2.67% compared to the current share price 1,207.00

Last 5 Year EPS CAGR: 10.92%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 18.00%, which is a positive sign. The stock has a low average Working Capital Days of 0.43, which is a positive sign. The company has higher reserves (708.75 cr) compared to borrowings (86.88 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.88 cr) and profit (164.50 cr) over the years.	The stock has a high average Cash Conversion Cycle of 14.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dodla Dairy Ltd:
1. Net Profit Margin: 5.33%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.25% (Industry Average ROCE: 16.4%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.64% (Industry Average ROE: 14.91%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 70.47
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.22
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 33.6 (Industry average Stock P/E: 42.63)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Dodla Dairy Ltd. is a Public Limited Listed company incorporated on 15/05/1995 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L15209TG1995PLC020324 and registration number is 020324. Currently Company is involved in the business activities of Manufacture of dairy products. Company’s Total Operating Revenue is Rs. 2096.48 Cr. and Equity Capital is Rs. 59.49 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Milk & Milk Products	8-2-293/82/A, 270/Q, Road No 10-C, Hyderabad Telangana 500033	cs@dodladairy.com http://www.dodladairy.com

Management
Name	Position Held
Mr. Dodla Sesha Reddy	Chairman & Director
Mr. Dodla Sunil Reddy	Managing Director
Mr. A Madhusudhana Reddy	Whole Time Director
Mr. Akshay Tanna	Non Exe.Non Ind.Director
Mr. Tallam Puranam Raman	Independent Director
Dr. Raja Rathinam	Independent Director
Mrs. Vinoda Kailas	Independent Director
Mr. Rampraveen Swaminathan	Independent Director

FAQ

What is the latest intrinsic value of Dodla Dairy Ltd?

The latest intrinsic value of Dodla Dairy Ltd as on 30 December 2024 is ₹1117.30, which is 7.43% lower than the current market price of ₹1,207.00. The stock has a market capitalization of 7,280 Cr. and recorded a high/low of 1,346/791 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,229 Cr and total liabilities of ₹1,660 Cr.

What is the Market Cap of Dodla Dairy Ltd?

The Market Cap of Dodla Dairy Ltd is 7,280 Cr..

What is the current Stock Price of Dodla Dairy Ltd as on 30 December 2024?

The current stock price of Dodla Dairy Ltd as on 30 December 2024 is 1,207.

What is the High / Low of Dodla Dairy Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Dodla Dairy Ltd stocks is 1,346/791.

What is the Stock P/E of Dodla Dairy Ltd?

The Stock P/E of Dodla Dairy Ltd is 33.6.

What is the Book Value of Dodla Dairy Ltd?

The Book Value of Dodla Dairy Ltd is 214.

What is the Dividend Yield of Dodla Dairy Ltd?

The Dividend Yield of Dodla Dairy Ltd is 0.25 %.

What is the ROCE of Dodla Dairy Ltd?

The ROCE of Dodla Dairy Ltd is 22.1 %.

What is the ROE of Dodla Dairy Ltd?

The ROE of Dodla Dairy Ltd is 15.5 %.

What is the Face Value of Dodla Dairy Ltd?

The Face Value of Dodla Dairy Ltd is 10.0.