Modern Dairies Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 7:31 pm

Market Cap	141 Cr.
Current Price	54.8
High / Low	76.0/41.5
Stock P/E	5.20
Book Value	15.8
Dividend Yield	0.00 %
ROCE	%
ROE	%
Face Value	10.0
PEG Ratio	0.05

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Modern Dairies Ltd

Competitors of Modern Dairies Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Modern Dairies Ltd	141 Cr.	54.8	76.0/41.5	5.20	15.8	0.00 %	%	%	10.0
Healthy Life Agritec Ltd	151 Cr.	60.8	97.2/18.1	46.2	13.8	0.00 %	13.2 %	10.6 %	10.0
Dodla Dairy Ltd	7,420 Cr.	1,230	1,371/820	28.6	233	0.24 %	27.3 %	20.4 %	10.0
Vadilal Industries Ltd	3,838 Cr.	5,338	7,399/3,411	25.5	967	0.03 %	25.4 %	24.3 %	10.0
Umang Dairies Ltd	175 Cr.	79.3	165/67.0	286	20.7	0.00 %	4.52 %	1.35 %	5.00
Industry Average	5,280.57 Cr	1,161.70		69.44	204.67	0.22%	18.47%	15.98%	7.29

All Competitor Stocks of Modern Dairies Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	50	44	42	49	81	83	81	100	98	94	74	89	91
Expenses	46	41	38	46	76	79	77	94	90	89	70	86	89
Operating Profit	4	3	5	3	5	4	4	6	7	5	4	3	2
OPM %	7%	7%	11%	7%	6%	5%	5%	6%	8%	5%	6%	4%	2%
Other Income	1	1	0	1	0	0	19	0	0	0	0	56	0
Interest	0	0	0	1	1	1	1	1	1	1	0	0	0
Depreciation	2	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	3	3	4	3	3	2	21	5	6	4	3	58	1
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-2,779%
Net Profit	3	3	4	3	3	2	21	5	6	4	3	58	18
EPS in Rs	1.08	1.14	1.82	1.14	1.12	0.87	9.15	1.94	2.72	1.66	1.42	24.84	6.97

Last Updated: May 31, 2025, 5:31 am

Below is a detailed analysis of the quarterly data for Modern Dairies Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 91.00 Cr.. The value appears strong and on an upward trend. It has increased from 89.00 Cr. (Dec 2024) to 91.00 Cr., marking an increase of 2.00 Cr..
For Expenses, as of Mar 2025, the value is 89.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 86.00 Cr. (Dec 2024) to 89.00 Cr., marking an increase of 3.00 Cr..
For Operating Profit, as of Mar 2025, the value is 2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3.00 Cr. (Dec 2024) to 2.00 Cr., marking a decrease of 1.00 Cr..
For OPM %, as of Mar 2025, the value is 2.00%. The value appears to be declining and may need further review. It has decreased from 4.00% (Dec 2024) to 2.00%, marking a decrease of 2.00%.
For Other Income, as of Mar 2025, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 56.00 Cr. (Dec 2024) to 0.00 Cr., marking a decrease of 56.00 Cr..
For Interest, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00 Cr..
For Depreciation, as of Mar 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 58.00 Cr. (Dec 2024) to 1.00 Cr., marking a decrease of 57.00 Cr..
For Tax %, as of Mar 2025, the value is -2,779.00%. The value appears to be improving (decreasing) as expected. It has decreased from 0.00% (Dec 2024) to -2,779.00%, marking a decrease of 2,779.00%.
For Net Profit, as of Mar 2025, the value is 18.00 Cr.. The value appears to be declining and may need further review. It has decreased from 58.00 Cr. (Dec 2024) to 18.00 Cr., marking a decrease of 40.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 6.97. The value appears to be declining and may need further review. It has decreased from 24.84 (Dec 2024) to 6.97, marking a decrease of 17.87.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 3:01 am

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	585	638	625	497	457	467	560	766	610	241	217	362	355
Expenses	559	619	629	499	461	480	549	757	600	231	201	340	335
Operating Profit	26	19	-3	-2	-4	-14	11	9	10	10	17	22	20
OPM %	5%	3%	-1%	-0%	-1%	-3%	2%	1%	2%	4%	8%	6%	6%
Other Income	0	14	2	0	14	0	0	0	-22	2	1	20	57
Interest	19	16	17	18	17	0	0	0	0	0	2	4	2
Depreciation	7	7	5	5	5	5	5	6	22	6	3	3	3
Profit before tax	1	9	-24	-24	-11	-19	6	3	-35	5	12	34	71
Tax %	203%	-2%	-7%	-1%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%
Net Profit	-1	9	-22	-24	-11	-19	6	3	-35	5	12	34	71
EPS in Rs	-0.44	4.05	-9.54	-10.39	-4.89	-7.96	2.60	1.50	-14.89	2.12	5.21	14.68	30.64
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	1000.00%	-344.44%	-9.09%	54.17%	-72.73%	131.58%	-50.00%	-1266.67%	114.29%	140.00%	183.33%
Change in YoY Net Profit Growth (%)	0.00%	-1344.44%	335.35%	63.26%	-126.89%	204.31%	-181.58%	-1216.67%	1380.95%	25.71%	43.33%

Modern Dairies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-6%
5 Years:	-15%
3 Years:	13%
TTM:	-4%

Compounded Profit Growth
10 Years:	12%
5 Years:	51%
3 Years:	76%
TTM:	81%

Stock Price CAGR
10 Years:	17%
5 Years:	63%
3 Years:	84%
1 Year:	15%

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

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	23	23
Reserves	-44	-35	-57	-81	-93	-111	-105	-102	-136	-131	-119	-85	-78
Borrowings	159	179	180	173	177	167	165	155	50	0	1	8	12
Other Liabilities	72	39	53	59	46	38	53	53	138	170	180	144	131
Total Liabilities	210	207	199	174	153	117	136	130	74	62	85	90	89
Fixed Assets	90	84	82	79	79	77	76	74	34	30	29	30	31
CWIP	0	0	0	0	0	0	0	2	0	0	1	1	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	120	123	117	95	74	40	59	54	40	32	56	59	58
Total Assets	210	207	199	174	153	117	136	130	74	62	85	90	89

Below is a detailed analysis of the balance sheet data for Modern Dairies Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is 23.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 23.00 Cr..
For Reserves, as of Sep 2024, the value is -78.00 Cr.. The value appears to be improving (becoming less negative). It has improved from -85.00 Cr. (Mar 2024) to -78.00 Cr., marking an improvement of 7.00 Cr..
For Borrowings, as of Sep 2024, the value is 12.00 Cr.. The value appears to be increasing, which may not be favorable. However, Reserves are negative, which is a major warning sign. It has increased from 8.00 Cr. (Mar 2024) to 12.00 Cr., marking an increase of 4.00 Cr..
For Other Liabilities, as of Sep 2024, the value is 131.00 Cr.. The value appears to be improving (decreasing). It has decreased from 144.00 Cr. (Mar 2024) to 131.00 Cr., marking a decrease of 13.00 Cr..
For Total Liabilities, as of Sep 2024, the value is 89.00 Cr.. The value appears to be improving (decreasing). It has decreased from 90.00 Cr. (Mar 2024) to 89.00 Cr., marking a decrease of 1.00 Cr..
For Fixed Assets, as of Sep 2024, the value is 31.00 Cr.. The value appears strong and on an upward trend. It has increased from 30.00 Cr. (Mar 2024) to 31.00 Cr., marking an increase of 1.00 Cr..
For CWIP, as of Sep 2024, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1.00 Cr. (Mar 2024) to 0.00 Cr., marking a decrease of 1.00 Cr..
For Investments, as of Sep 2024, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is 58.00 Cr.. The value appears to be declining and may need further review. It has decreased from 59.00 Cr. (Mar 2024) to 58.00 Cr., marking a decrease of 1.00 Cr..
For Total Assets, as of Sep 2024, the value is 89.00 Cr.. The value appears to be declining and may need further review. It has decreased from 90.00 Cr. (Mar 2024) to 89.00 Cr., marking a decrease of 1.00 Cr..

However, the Borrowings (12.00 Cr.) are higher than the Reserves (₹-78.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-7	17	30	3	16	4	6	7	17	15	47	20
Cash from Investing Activity +	-1	-2	-2	-5	-3	-4	-5	-3	-2	-3	-5	-4
Cash from Financing Activity +	8	-16	-22	-3	-11	-0	-2	-3	-9	-19	-41	-10
Net Cash Flow	0	-1	6	-5	1	-1	-1	0	6	-7	1	7

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-133.00	-160.00	-183.00	-175.00	-181.00	-181.00	-154.00	-146.00	-40.00	10.00	16.00	14.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	20	12	18	22	22	7	20	11	6	5	32	19
Inventory Days	54	50	47	36	30	14	10	13	16	31	73	39
Days Payable	29	12	19	23	22	15	20	18	11	11	88	58
Cash Conversion Cycle	45	51	46	35	30	6	10	6	11	25	16	0
Working Capital Days	28	44	28	7	16	-136	-109	-74	-89	-223	-215	-91
ROCE %	16%	9%	-4%	-5%	-8%	-20%	8%	4%	-172%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoters	45.69%	45.69%	45.69%	45.71%	45.71%	45.71%	45.71%	45.71%	45.71%	45.71%	45.71%	50.59%
DIIs	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Government	0.00%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	54.27%	54.18%	54.27%	54.25%	54.26%	54.24%	54.25%	54.25%	54.25%	54.25%	54.25%	49.37%
No. of Shareholders	15,492	15,713	15,501	15,629	15,540	16,371	17,149	16,691	17,149	16,973	16,934	16,967

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE / ROE 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.)	14.68	5.21	2.12	-14.89	1.50
Diluted EPS (Rs.)	14.68	5.21	2.12	-14.89	1.50
Cash EPS (Rs.)	16.12	6.64	4.88	-5.26	3.85
Book Value[Excl.RevalReserv]/Share (Rs.)	-26.42	-41.06	-46.25	-48.42	-33.53
Book Value[Incl.RevalReserv]/Share (Rs.)	-26.42	-41.06	-46.25	-48.42	-33.53
Revenue From Operations / Share (Rs.)	154.76	93.11	103.49	261.18	327.76
PBDIT / Share (Rs.)	9.50	7.75	4.91	4.51	3.90
PBIT / Share (Rs.)	8.03	6.31	2.15	-5.10	1.54
PBT / Share (Rs.)	14.65	5.20	2.12	-14.87	1.49
Net Profit / Share (Rs.)	14.65	5.20	2.12	-14.87	1.49
PBDIT Margin (%)	6.13	8.32	4.74	1.72	1.19
PBIT Margin (%)	5.18	6.78	2.08	-1.95	0.47
PBT Margin (%)	9.46	5.58	2.04	-5.69	0.45
Net Profit Margin (%)	9.46	5.58	2.04	-5.69	0.45
Return on Networth / Equity (%)	-55.45	-12.67	-4.58	0.00	-4.45
Return on Capital Employeed (%)	-35.68	-15.58	-4.71	10.63	-4.66
Return On Assets (%)	38.12	14.28	8.02	-46.65	2.39
Long Term Debt / Equity (X)	-0.12	0.00	-0.01	0.00	0.00
Total Debt / Equity (X)	-0.12	-0.01	-0.01	0.00	0.00
Asset Turnover Ratio (%)	4.13	2.96	3.55	5.54	5.44
Current Ratio (X)	0.37	0.28	0.16	0.20	0.27
Quick Ratio (X)	0.17	0.13	0.08	0.07	0.16
Inventory Turnover Ratio (X)	10.13	7.87	9.22	22.56	36.80
Interest Coverage Ratio (X)	5.81	7.02	139.41	273.55	74.18
Interest Coverage Ratio (Post Tax) (X)	4.91	5.72	61.17	-309.53	29.36
Enterprise Value (Cr.)	75.81	44.48	12.22	22.12	3.42
EV / Net Operating Revenue (X)	0.20	0.20	0.05	0.03	0.00
EV / EBITDA (X)	3.42	2.46	1.06	2.10	0.37
MarketCap / Net Operating Revenue (X)	0.19	0.20	0.07	0.03	0.01
Price / BV (X)	-1.13	-0.45	-0.16	-0.20	-0.05
Price / Net Operating Revenue (X)	0.19	0.20	0.07	0.03	0.01
EarningsYield	0.49	0.27	0.27	-1.48	0.75

After reviewing the key financial ratios for Modern Dairies Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 14.68. This value is within the healthy range. It has increased from 5.21 (Mar 23) to 14.68, marking an increase of 9.47.
For Diluted EPS (Rs.), as of Mar 24, the value is 14.68. This value is within the healthy range. It has increased from 5.21 (Mar 23) to 14.68, marking an increase of 9.47.
For Cash EPS (Rs.), as of Mar 24, the value is 16.12. This value is within the healthy range. It has increased from 6.64 (Mar 23) to 16.12, marking an increase of 9.48.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is -26.42. It has increased from -41.06 (Mar 23) to -26.42, marking an increase of 14.64.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is -26.42. It has increased from -41.06 (Mar 23) to -26.42, marking an increase of 14.64.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 154.76. It has increased from 93.11 (Mar 23) to 154.76, marking an increase of 61.65.
For PBDIT / Share (Rs.), as of Mar 24, the value is 9.50. This value is within the healthy range. It has increased from 7.75 (Mar 23) to 9.50, marking an increase of 1.75.
For PBIT / Share (Rs.), as of Mar 24, the value is 8.03. This value is within the healthy range. It has increased from 6.31 (Mar 23) to 8.03, marking an increase of 1.72.
For PBT / Share (Rs.), as of Mar 24, the value is 14.65. This value is within the healthy range. It has increased from 5.20 (Mar 23) to 14.65, marking an increase of 9.45.
For Net Profit / Share (Rs.), as of Mar 24, the value is 14.65. This value is within the healthy range. It has increased from 5.20 (Mar 23) to 14.65, marking an increase of 9.45.
For PBDIT Margin (%), as of Mar 24, the value is 6.13. This value is below the healthy minimum of 10. It has decreased from 8.32 (Mar 23) to 6.13, marking a decrease of 2.19.
For PBIT Margin (%), as of Mar 24, the value is 5.18. This value is below the healthy minimum of 10. It has decreased from 6.78 (Mar 23) to 5.18, marking a decrease of 1.60.
For PBT Margin (%), as of Mar 24, the value is 9.46. This value is below the healthy minimum of 10. It has increased from 5.58 (Mar 23) to 9.46, marking an increase of 3.88.
For Net Profit Margin (%), as of Mar 24, the value is 9.46. This value is within the healthy range. It has increased from 5.58 (Mar 23) to 9.46, marking an increase of 3.88.
For Return on Networth / Equity (%), as of Mar 24, the value is -55.45. This value is below the healthy minimum of 15. It has decreased from -12.67 (Mar 23) to -55.45, marking a decrease of 42.78.
For Return on Capital Employeed (%), as of Mar 24, the value is -35.68. This value is below the healthy minimum of 10. It has decreased from -15.58 (Mar 23) to -35.68, marking a decrease of 20.10.
For Return On Assets (%), as of Mar 24, the value is 38.12. This value is within the healthy range. It has increased from 14.28 (Mar 23) to 38.12, marking an increase of 23.84.
For Long Term Debt / Equity (X), as of Mar 24, the value is -0.12. This value is below the healthy minimum of 0.2. It has decreased from 0.00 (Mar 23) to -0.12, marking a decrease of 0.12.
For Total Debt / Equity (X), as of Mar 24, the value is -0.12. This value is within the healthy range. It has decreased from -0.01 (Mar 23) to -0.12, marking a decrease of 0.11.
For Asset Turnover Ratio (%), as of Mar 24, the value is 4.13. It has increased from 2.96 (Mar 23) to 4.13, marking an increase of 1.17.
For Current Ratio (X), as of Mar 24, the value is 0.37. This value is below the healthy minimum of 1.5. It has increased from 0.28 (Mar 23) to 0.37, marking an increase of 0.09.
For Quick Ratio (X), as of Mar 24, the value is 0.17. This value is below the healthy minimum of 1. It has increased from 0.13 (Mar 23) to 0.17, marking an increase of 0.04.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 10.13. This value exceeds the healthy maximum of 8. It has increased from 7.87 (Mar 23) to 10.13, marking an increase of 2.26.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.81. This value is within the healthy range. It has decreased from 7.02 (Mar 23) to 5.81, marking a decrease of 1.21.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 4.91. This value is within the healthy range. It has decreased from 5.72 (Mar 23) to 4.91, marking a decrease of 0.81.
For Enterprise Value (Cr.), as of Mar 24, the value is 75.81. It has increased from 44.48 (Mar 23) to 75.81, marking an increase of 31.33.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.20. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 23) which recorded 0.20.
For EV / EBITDA (X), as of Mar 24, the value is 3.42. This value is below the healthy minimum of 5. It has increased from 2.46 (Mar 23) to 3.42, marking an increase of 0.96.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.19. This value is below the healthy minimum of 1. It has decreased from 0.20 (Mar 23) to 0.19, marking a decrease of 0.01.
For Price / BV (X), as of Mar 24, the value is -1.13. This value is below the healthy minimum of 1. It has decreased from -0.45 (Mar 23) to -1.13, marking a decrease of 0.68.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.19. This value is below the healthy minimum of 1. It has decreased from 0.20 (Mar 23) to 0.19, marking a decrease of 0.01.
For EarningsYield, as of Mar 24, the value is 0.49. This value is below the healthy minimum of 5. It has increased from 0.27 (Mar 23) to 0.49, marking an increase of 0.22.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Modern Dairies Ltd as of June 1, 2025 is: 10.06

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 June 1, 2025, Modern Dairies Ltd is Overvalued by 81.64% compared to the current share price 54.80

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of Modern Dairies Ltd as of June 1, 2025 is: 21.68

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 June 1, 2025, Modern Dairies Ltd is Overvalued by 60.44% compared to the current share price 54.80

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 115.55%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -67.83, which is a positive sign. The company has shown consistent growth in sales (490.77 cr) and profit (2.15 cr) over the years.	The stock has a low average ROCE of -14.33%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 23.42, which may not be favorable. The company has higher borrowings (109.69) compared to reserves (-90.54), which may suggest financial risk.

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 Modern Dairies Ltd:
1. Net Profit Margin: 9.46%
  - 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: -35.68% (Industry Average ROCE: 18.47%)
  - 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%: -55.45% (Industry Average ROE: 15.98%)
  - 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): 4.91
  - 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: 0.17
  - 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: 5.2 (Industry average Stock P/E: 69.44)
  - 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: -0.12
  - 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

Modern Dairies Ltd. is a Public Limited Listed company incorporated on 22/04/1992 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L74899HR1992PLC032998 and registration number is 032998. Currently Company is involved in the business activities of Manufacture of other footwear. Company's Total Operating Revenue is Rs. 361.50 Cr. and Equity Capital is Rs. 23.36 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Milk & Milk Products	136 KM, G.T. Road, Karnal Haryana 132001	secretarial@moderndairies.com http://www.moderndairies.com

Management
Name	Position Held
Mr. Krishan Kumar Goyal	Chairman & Managing Director
Mr. A K Aggarwal	Executive Director
Dr. Meena Sharma	Independent Director
Prof. Sanjay Kaushik	Independent Director
Mr. Ajay Kumar Sharma	Independent Director

FAQ

What is the intrinsic value of Modern Dairies Ltd?

Modern Dairies Ltd's intrinsic value (as of 31 May 2025) is ₹10.06 — 81.64% lower the current market price of 54.80, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 141 Cr. market cap, FY2025-2026 high/low of ₹76.0/41.5, reserves of -78 Cr, and liabilities of 89 Cr.

What is the Market Cap of Modern Dairies Ltd?

The Market Cap of Modern Dairies Ltd is 141 Cr..

What is the current Stock Price of Modern Dairies Ltd as on 31 May 2025?

The current stock price of Modern Dairies Ltd as on 31 May 2025 is 54.8.

What is the High / Low of Modern Dairies Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Modern Dairies Ltd stocks is ₹76.0/41.5.

What is the Stock P/E of Modern Dairies Ltd?

The Stock P/E of Modern Dairies Ltd is 5.20.

What is the Book Value of Modern Dairies Ltd?

The Book Value of Modern Dairies Ltd is 15.8.

What is the Dividend Yield of Modern Dairies Ltd?

The Dividend Yield of Modern Dairies Ltd is 0.00 %.

What is the ROCE of Modern Dairies Ltd?

The ROCE of Modern Dairies Ltd is %.

What is the ROE of Modern Dairies Ltd?

The ROE of Modern Dairies Ltd is %.

What is the Face Value of Modern Dairies Ltd?

The Face Value of Modern Dairies Ltd is 10.0.