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Last Updated: April 2, 2026, 4:29 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543306 | NSE: DODLA

Dodla Dairy Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹909.69Fairly Valued by 9.93%vs CMP ₹1,010.00

P/E (22.5) × ROE (19.8%) × BV (₹254.00) × DY (0.49%)

₹652.83Overvalued by 35.36%vs CMP ₹1,010.00
MoS: -54.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,041.8122%Fair (+3.1%)
Graham NumberEarnings₹501.2916%Over (-50.4%)
Earnings PowerEarnings₹232.5111%Over (-77%)
DCFCash Flow₹863.7313%Over (-14.5%)
Net Asset ValueAssets₹253.667%Over (-74.9%)
EV/EBITDAEnterprise₹748.069%Over (-25.9%)
Earnings YieldEarnings₹439.707%Over (-56.5%)
ROCE CapitalReturns₹557.739%Over (-44.8%)
Revenue MultipleRevenue₹616.345%Over (-39%)
Consensus (9 models)₹652.83100%Overvalued
Key Drivers: Wide model spread (₹233–₹1,042) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.5%

*Investments are subject to market risks

Investment Snapshot

74
Dodla Dairy Ltd scores 74/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 26.6% ExcellentROE 19.8% ExcellentD/E 0.08 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -3.05% (6mo) SellingDII holding up 4.62% MF buyingPromoter holding at 58.9% Stable
Earnings Quality60/100 · Moderate
OPM stable around 10% SteadyWorking capital: -6 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +11% YoY Positive
Industry Rank90/100 · Strong
P/E 22.5 vs industry 62.8 Cheaper than peersROCE 26.6% vs industry 16.3% Above peersROE 19.8% vs industry 13.6% Above peers3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:29 am

Market Cap 6,096 Cr.
Current Price 1,010
Intrinsic Value₹652.83
High / Low 1,525/955
Stock P/E22.5
Book Value 254
Dividend Yield0.49 %
ROCE26.6 %
ROE19.8 %
Face Value 10.0
PEG Ratio1.55

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

View Share Price Target for Dodla Dairy Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dodla Dairy Ltd 6,096 Cr. 1,010 1,525/95522.5 2540.49 %26.6 %19.8 % 10.0
Vadilal Industries Ltd 3,162 Cr. 4,398 7,399/3,99025.9 1,0920.48 %25.1 %24.0 % 10.0
Heritage Foods Ltd 2,855 Cr. 308 542/29217.5 1120.81 %25.3 %20.2 % 5.00
Umang Dairies Ltd 189 Cr. 85.7 96.8/67.4309 20.70.00 %4.52 %1.35 % 5.00
Milkfood Ltd 152 Cr. 62.4 90.0/44.0 69.31.00 %6.24 %2.52 % 5.00
Industry Average5,405.17 Cr850.1362.84206.970.43%16.31%13.64%7.00

All Competitor Stocks of Dodla Dairy Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6757248237687477879129989019101,0071,0191,025
Expenses 622691763698664712806901805826924926946
Operating Profit 543460708375105969684839379
OPM % 8%5%7%9%11%10%12%10%11%9%8%9%8%
Other Income 767768710112617116
Interest 0000111111111
Depreciation 16151617181818192018182122
Profit before tax 44255159706493868690818363
Tax % 19%10%31%26%41%27%30%27%26%25%22%21%-10%
Net Profit 35233544414765636468636669
EPS in Rs 5.953.795.887.336.957.8710.9310.5110.5411.2710.4210.8911.39

Last Updated: February 2, 2026, 6:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:00 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,5901,6922,1391,9442,2432,8123,1253,7203,960
Expenses 1,4761,5561,9961,7002,0312,6192,8353,3383,622
Operating Profit 114135143244212193290382338
OPM % 7%8%7%13%9%7%9%10%9%
Other Income 67561322265360
Interest 1112171372343
Depreciation 283749515261707579
Profit before tax 809382186166152244356317
Tax % 29%33%39%32%20%19%32%27%
Net Profit 576350126133122167260265
EPS in Rs 173.7211.278.9621.6022.3220.5528.0343.0943.97
Dividend Payout % 0%0%58%0%0%0%0%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)10.53%-20.63%152.00%5.56%-8.27%36.89%55.69%
Change in YoY Net Profit Growth (%)0.00%-31.16%172.63%-146.44%-13.83%45.16%18.80%

Dodla Dairy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:18%
TTM:19%
Compounded Profit Growth
10 Years:%
5 Years:39%
3 Years:24%
TTM:31%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:38%
1 Year:18%
Return on Equity
10 Years:%
5 Years:18%
3 Years:17%
Last Year:20%

Last Updated: September 5, 2025, 3:16 pm

Balance Sheet

Last Updated: December 4, 2025, 2:46 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 35656585959596060
Reserves 3363513786007849131,0791,3461,471
Borrowings 132167160991332464255
Other Liabilities 135178199216232247293282347
Total Liabilities 6077527939721,0881,2511,4781,7311,934
Fixed Assets 3275005365495666247137501,041
CWIP 1611118458121229
Investments 67261260184260196644408
Other Assets 197214233355334310556324456
Total Assets 6077527939721,0881,2511,4781,7311,934

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 87136166245171161-1520
Cash from Investing Activity + -66-148-76-200-137-21030-526
Cash from Financing Activity + -4160-2611-4915-1-8
Net Cash Flow -20486455-14-3528-14
Free Cash Flow 16397118910156-105412
CFO/OP 91%114%124%121%99%107%22%165%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-18.00-32.00-17.00145.00199.00161.00244.00340.00

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 12111111
Inventory Days 4036272627206222
Days Payable 1922172323222421
Cash Conversion Cycle 22161145-0402
Working Capital Days -13-6-13-15-8-719-6
ROCE %20%17%30%21%16%22%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.21%62.21%62.21%62.21%62.21%60.52%59.69%59.69%59.69%59.69%58.92%58.92%
FIIs 12.83%10.59%10.92%11.34%11.36%11.27%11.58%11.03%10.41%10.03%8.91%7.36%
DIIs 16.06%18.06%16.99%16.90%17.62%18.64%17.96%18.84%19.14%19.22%21.50%23.76%
Public 8.91%9.15%9.89%9.55%8.82%9.57%10.78%10.44%10.74%11.05%10.67%9.96%
No. of Shareholders 37,73834,45334,47932,35629,70032,16333,79833,25933,69537,79838,55235,379

Shareholding Pattern Chart

No. of Shareholders

Dodla Dairy Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 4,267,374 1.33 498.224,076,9952026-03-23 12:27:134.67%
DSP Small Cap Fund 3,750,000 2.59 437.813,237,1722025-10-30 04:08:2715.84%
SBI Small Cap Fund 3,672,376 1.23 428.753,672,3762025-04-22 14:12:240%
SBI Childrens Fund - Investment Plan 900,000 1.96 105.08N/AN/AN/A
Edelweiss Small Cap Fund 441,256 0.94 51.52541,2252026-02-22 06:37:17-18.47%
SBI Consumption Opportunities Fund 200,000 0.79 23.35200,0002025-04-22 15:16:180%
Union Small Cap Fund 86,828 0.57 10.1470,0002025-12-14 04:44:2924.04%
ITI ELSS Tax Saver Fund 23,336 0.65 2.72N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 43.2728.0320.5522.4322.48
Diluted EPS (Rs.) 43.2727.7520.3922.2422.33
Cash EPS (Rs.) 55.4639.8030.8431.1230.30
Book Value[Excl.RevalReserv]/Share (Rs.) 233.05191.43163.42141.72112.81
Book Value[Incl.RevalReserv]/Share (Rs.) 233.05191.43163.42141.72112.81
Revenue From Operations / Share (Rs.) 616.64525.35472.67377.08333.31
PBDIT / Share (Rs.) 71.9653.1636.0237.7242.66
PBIT / Share (Rs.) 59.5941.3825.7328.9233.97
PBT / Share (Rs.) 58.9740.9825.5227.8331.93
Net Profit / Share (Rs.) 43.0928.0320.5522.3221.60
NP After MI And SOA / Share (Rs.) 43.0928.0320.5522.3221.60
PBDIT Margin (%) 11.6610.117.6110.0012.80
PBIT Margin (%) 9.667.875.447.6710.19
PBT Margin (%) 9.567.805.397.389.57
Net Profit Margin (%) 6.985.334.345.926.47
NP After MI And SOA Margin (%) 6.985.334.345.926.47
Return on Networth / Equity (%) 18.4814.6412.5715.7519.14
Return on Capital Employeed (%) 24.2620.2514.7719.1025.47
Return On Assets (%) 15.0111.289.7712.2012.95
Long Term Debt / Equity (X) 0.010.020.010.000.08
Total Debt / Equity (X) 0.020.020.010.000.08
Asset Turnover Ratio (%) 2.322.292.402.122.16
Current Ratio (X) 3.712.702.202.152.07
Quick Ratio (X) 3.061.221.641.501.57
Inventory Turnover Ratio (X) 13.5110.1417.5815.0512.77
Dividend Payout Ratio (NP) (%) 6.960.000.000.000.00
Dividend Payout Ratio (CP) (%) 5.400.000.000.000.00
Earning Retention Ratio (%) 93.040.000.000.000.00
Cash Earning Retention Ratio (%) 94.600.000.000.000.00
Interest Coverage Ratio (X) 117.14131.78177.0934.4320.92
Interest Coverage Ratio (Post Tax) (X) 71.1470.47102.0621.3811.59
Enterprise Value (Cr.) 6907.114696.412655.642534.330.00
EV / Net Operating Revenue (X) 1.861.500.941.130.00
EV / EBITDA (X) 15.9114.8512.3911.290.00
MarketCap / Net Operating Revenue (X) 1.881.530.981.190.00
Retention Ratios (%) 93.030.000.000.000.00
Price / BV (X) 4.964.192.843.160.00
Price / Net Operating Revenue (X) 1.881.530.981.190.00
EarningsYield 0.030.030.040.040.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 3341.53 Cr. and Equity Capital is Rs. 60.33 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Milk & Milk Products8-2-293/82/A, 270/Q, Road No 10-C, Hyderabad Telangana 500033Contact not found
Management
NamePosition Held
Mr. Dodla Sesha ReddyChairman & Non Independent Director
Mr. Dodla Sunil ReddyManaging Director
Mr. A Madhusudhana ReddyWhole Time Director
Mr. Akshay TannaNon Exe.Non Ind.Director
Mr. Tallam Puranam RamanInd. Non-Executive Director
Dr. Raja RathinamInd. Non-Executive Director
Mrs. Vinoda KailasInd. Non-Executive Director
Mr. Rampraveen SwaminathanInd. Non-Executive Director

FAQ

What is the intrinsic value of Dodla Dairy Ltd and is it undervalued?

As of 14 April 2026, Dodla Dairy Ltd's intrinsic value is ₹652.83, which is 35.36% lower than the current market price of ₹1,010.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.8 %), book value (₹254), dividend yield (0.49 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dodla Dairy Ltd?

Dodla Dairy Ltd is trading at ₹1,010.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,525 and low of ₹955. The stock is currently near its 52-week low. Market cap stands at ₹6,096 Cr..

How does Dodla Dairy Ltd's P/E ratio compare to its industry?

Dodla Dairy Ltd has a P/E ratio of 22.5, which is below the industry average of 62.84. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Dodla Dairy Ltd financially healthy?

Key indicators for Dodla Dairy Ltd: ROCE of 26.6 % indicates efficient capital utilization; ROE of 19.8 % shows strong shareholder returns. Dividend yield is 0.49 %.

Is Dodla Dairy Ltd profitable and how is the profit trend?

Dodla Dairy Ltd reported a net profit of ₹260 Cr in Mar 2025 on revenue of ₹3,720 Cr. Compared to ₹133 Cr in Mar 2022, the net profit shows an improving trend.

Does Dodla Dairy Ltd pay dividends?

Dodla Dairy Ltd has a dividend yield of 0.49 % at the current price of ₹1,010.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dodla Dairy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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