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Last Updated: March 6, 2026, 3:20 am
Author: Getaka|Social: XLinkedIn

Umang Dairies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹70.46Overvalued by 17.78%vs CMP ₹85.70

P/E (309.0) × ROE (1.4%) × BV (₹20.70) × DY (2.00%)

₹31.19Overvalued by 63.61%vs CMP ₹85.70
MoS: -174.8% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹48.2528%Over (-43.7%)
Graham NumberEarnings₹11.4217%Over (-86.7%)
Net Asset ValueAssets₹20.869%Over (-75.7%)
EV/EBITDAEnterprise₹20.4011%Over (-76.2%)
Dividend DiscountDividends₹5.1011%Over (-94%)
Earnings YieldEarnings₹2.809%Over (-96.7%)
ROCE CapitalReturns₹45.599%Over (-46.8%)
Revenue MultipleRevenue₹103.387%Under (+20.6%)
Consensus (8 models)₹31.19100%Overvalued
Key Drivers: EPS CAGR -31.5% drags value — could be higher if earnings stabilize. | P/E of 309 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -31.5%

*Investments are subject to market risks

Investment Snapshot

40
Umang Dairies Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health37/100 · Weak
ROCE 4.5% WeakROE 1.4% WeakD/E 0.54 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.6% Stable
Earnings Quality75/100 · Strong
OPM expanding (-3% → 3%) ImprovingWorking capital: -18 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -20% YoY DecliningProfit (4Q): -54% YoY DecliningOPM: 5.2% (down 7.7% YoY) Margin pressure
Industry Rank15/100 · Weak
P/E 309.0 vs industry 62.8 Premium to peersROCE 4.5% vs industry 16.3% Below peersROE 1.4% vs industry 13.6% Below peers3Y sales CAGR: 4% Slow

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: March 6, 2026, 3:20 am

Market Cap 189 Cr.
Current Price 85.7
Intrinsic Value₹31.19
High / Low 96.8/67.4
Stock P/E309
Book Value 20.7
Dividend Yield0.00 %
ROCE4.52 %
ROE1.35 %
Face Value 5.00
PEG Ratio-9.80

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

View Share Price Target for Umang Dairies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
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
Heritage Foods Ltd 2,855 Cr. 308 542/29217.5 1120.81 %25.3 %20.2 % 5.00
Vadilal Industries Ltd 3,162 Cr. 4,398 7,399/3,99025.9 1,0920.48 %25.1 %24.0 % 10.0
Dodla Dairy Ltd 6,096 Cr. 1,010 1,525/95522.5 2540.49 %26.6 %19.8 % 10.0
Industry Average5,405.17 Cr850.1362.84206.970.43%16.31%13.64%7.00

All Competitor Stocks of Umang Dairies Ltd

Quarterly Result

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Sales 60.4855.7460.4774.14102.4980.0259.9376.0170.2353.2149.1061.2164.61
Expenses 63.8354.7260.9372.44101.2581.0461.9772.6061.2351.4550.8258.0161.28
Operating Profit -3.351.02-0.461.701.24-1.02-2.043.419.001.76-1.723.203.33
OPM % -5.54%1.83%-0.76%2.29%1.21%-1.27%-3.40%4.49%12.82%3.31%-3.50%5.23%5.15%
Other Income 3.180.340.820.490.360.330.220.231.600.591.210.290.26
Interest 1.011.251.201.051.371.461.461.421.171.171.161.071.30
Depreciation 1.271.331.331.241.211.241.191.231.171.151.131.071.04
Profit before tax -2.45-1.22-2.17-0.10-0.98-3.39-4.470.998.260.03-2.801.351.25
Tax % -28.98%-28.69%-28.57%-30.00%-21.43%-27.14%-27.74%28.28%23.37%33.33%-61.07%34.07%36.00%
Net Profit -1.74-0.86-1.55-0.07-0.78-2.47-3.230.716.330.02-1.090.880.80
EPS in Rs -0.79-0.39-0.70-0.03-0.35-1.12-1.470.322.880.01-0.500.400.36

Last Updated: May 31, 2025, 7:26 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 4:13 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 216251189209245225245248204293286228
Expenses 206235174203232212234234218289277222
Operating Profit 101615613131114-14497
OPM % 5%7%8%3%5%6%4%5%-7%1%3%3%
Other Income 000101114222
Interest 111144444565
Depreciation 133344455554
Profit before tax 9131226746-20-41-0
Tax % 31%34%35%34%14%23%31%33%-28%-27%3%-433%
Net Profit 69825534-14-311
EPS in Rs 2.713.873.410.752.402.301.291.86-6.48-1.480.610.28
Dividend Payout % 37%26%29%0%10%22%39%27%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%-11.11%-75.00%150.00%0.00%-40.00%33.33%-450.00%78.57%133.33%0.00%
Change in YoY Net Profit Growth (%)0.00%-61.11%-63.89%225.00%-150.00%-40.00%73.33%-483.33%528.57%54.76%-133.33%

Umang Dairies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-1%
3 Years:4%
TTM:-20%
Compounded Profit Growth
10 Years:-23%
5 Years:-26%
3 Years:27%
TTM:-53%
Stock Price CAGR
10 Years:6%
5 Years:14%
3 Years:9%
1 Year:-18%
Return on Equity
10 Years:2%
5 Years:-5%
3 Years:-1%
Last Year:1%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: June 16, 2025, 11:09 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 111111111111111111111111
Reserves 101621374246485136333435
Borrowings 212226294732453956574465
Other Liabilities 434244473440626647653432
Total Liabilities 8591102124133128166167149165123143
Fixed Assets 293334727174818179757268
CWIP 1117044100002
Investments 000000000030
Other Assets 565651525851848670904872
Total Assets 8591102124133128166167149165123143

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -010157-526312-9619-17
Cash from Investing Activity + -7-8-15-7-7-6-5-5-2-2-40
Cash from Financing Activity + 7-30-012-206-1112-3-1717
Net Cash Flow 0-0-00-0-04-411-2-0
Free Cash Flow -72-1-0-1219-27-11418-21
CFO/OP 17%81%139%160%-30%208%7%99%64%168%193%-271%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-11.00-6.00-11.00-23.00-34.00-19.00-34.00-25.00-70.00-53.00-35.00-58.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1065818181322208117
Inventory Days 868310095868916315714714367166
Days Payable 201513341729646058592323
Cash Conversion Cycle 7675926888781121191099155151
Working Capital Days 161914-14431117-2-1-18
ROCE %25%30%23%5%11%11%8%10%-15%0%7%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters 74.61%74.61%74.61%74.61%74.61%74.61%74.61%74.61%74.61%74.61%74.61%74.61%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%
Public 25.39%25.39%25.40%25.39%25.39%25.38%25.38%25.36%25.39%25.39%25.39%25.38%
No. of Shareholders 18,45118,39717,58417,30016,90116,82717,44018,41717,72119,49319,96919,716

Shareholding Pattern Chart

No. of Shareholders

Umang Dairies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 0.280.61-1.48-6.481.86
Diluted EPS (Rs.) 0.280.61-1.48-6.481.86
Cash EPS (Rs.) 2.282.800.84-4.144.04
Book Value[Excl.RevalReserv]/Share (Rs.) 20.7120.4919.9421.2028.12
Book Value[Incl.RevalReserv]/Share (Rs.) 20.7120.4919.9421.2028.12
Dividend / Share (Rs.) 0.000.000.000.550.50
Revenue From Operations / Share (Rs.) 103.68130.07133.0992.72112.68
PBDIT / Share (Rs.) 4.055.332.51-4.656.64
PBIT / Share (Rs.) 2.063.130.18-6.994.47
PBT / Share (Rs.) -0.070.62-2.03-8.952.77
Net Profit / Share (Rs.) 0.270.60-1.48-6.481.86
PBDIT Margin (%) 3.914.091.88-5.015.89
PBIT Margin (%) 1.982.400.13-7.543.96
PBT Margin (%) -0.070.48-1.52-9.652.45
Net Profit Margin (%) 0.260.46-1.11-6.981.65
Return on Networth / Equity (%) 1.342.96-7.43-30.566.62
Return on Capital Employeed (%) 7.388.950.50-18.0310.87
Return On Assets (%) 0.421.08-1.97-9.532.44
Long Term Debt / Equity (X) 0.000.330.410.430.07
Total Debt / Equity (X) 1.380.931.241.140.54
Asset Turnover Ratio (%) 1.721.991.861.291.49
Current Ratio (X) 0.861.081.021.081.11
Quick Ratio (X) 0.100.350.160.260.27
Inventory Turnover Ratio (X) 3.462.803.472.212.35
Dividend Payout Ratio (NP) (%) 0.000.000.00-7.7126.83
Dividend Payout Ratio (CP) (%) 0.000.000.00-12.0812.38
Earning Retention Ratio (%) 0.000.000.00107.7173.17
Cash Earning Retention Ratio (%) 0.000.000.00112.0887.62
Interest Coverage Ratio (X) 1.902.131.13-2.373.91
Interest Coverage Ratio (Post Tax) (X) 1.131.240.33-2.312.10
Enterprise Value (Cr.) 219.25207.64180.29185.85162.56
EV / Net Operating Revenue (X) 0.960.720.610.910.65
EV / EBITDA (X) 24.5717.7132.69-18.1811.12
MarketCap / Net Operating Revenue (X) 0.680.580.430.650.52
Retention Ratios (%) 0.000.000.00107.7173.16
Price / BV (X) 3.443.692.932.872.10
Price / Net Operating Revenue (X) 0.680.580.430.650.52
EarningsYield 0.000.01-0.02-0.100.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Umang Dairies Ltd. is a Public Limited Listed company incorporated on 02/12/1992 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L15111UP1992PLC014942 and registration number is 014942. Currently Company is involved in the business activities of Manufacture of dairy products. Company's Total Operating Revenue is Rs. 228.12 Cr. and Equity Capital is Rs. 11.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Milk & Milk ProductsGajraula-Hasanpur Road, Amroha District Uttar Pradesh 244235Contact not found
Management
NamePosition Held
Mr. Virupakshan KumaraswamyDirector
Mr. Rajiv SheopuriDirector
Mr. Amar Singh MehtaDirector
Mr. Desh Bandhu DodaDirector
Mr. Ramesh Chand SuranaDirector
Mr. Poonam SinghDirector

FAQ

What is the intrinsic value of Umang Dairies Ltd and is it undervalued?

As of 10 April 2026, Umang Dairies Ltd's intrinsic value is ₹31.19, which is 63.61% lower than the current market price of ₹85.70, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.35 %), book value (₹20.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Umang Dairies Ltd?

Umang Dairies Ltd is trading at ₹85.70 as of 10 April 2026, with a FY2026-2027 high of ₹96.8 and low of ₹67.4. The stock is currently in the middle of its 52-week range. Market cap stands at ₹189 Cr..

How does Umang Dairies Ltd's P/E ratio compare to its industry?

Umang Dairies Ltd has a P/E ratio of 309, which is above the industry average of 62.84. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Umang Dairies Ltd financially healthy?

Key indicators for Umang Dairies Ltd: ROCE of 4.52 % is on the lower side compared to the industry average of 16.31%; ROE of 1.35 % is below ideal levels (industry average: 13.64%). Dividend yield is 0.00 %.

Is Umang Dairies Ltd profitable and how is the profit trend?

Umang Dairies Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹228 Cr. Compared to ₹-14 Cr in Mar 2022, the net profit shows an improving trend.

Does Umang Dairies Ltd pay dividends?

Umang Dairies Ltd has a dividend yield of 0.00 % at the current price of ₹85.70. The company is currently not paying meaningful dividends.

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 Umang Dairies 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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