About
Modern Dairies Limited engages in the manufacture and sale of milk products primarily in India. It offers liquid milk, skimmed and whole milk powder, dairy whitener, pure ghee, butter, cheese, casein, WPC, and lactose, as well as nutraceuticals. The company was incorporated in 1992 and is based in Chandigarh, India.
Key Metrics
as of Sep 2026Market Cap109 Cr
P/E20.20
Div Yield0.00 %
Book Value₹19.50
52w High₹50.50
52w Low₹26.60
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91.27 | 92.18 | 87.48 | 81.96 | 78.30 | 91.06 | 88.76 | 73.84 | 94.43 | 97.83 | 99.95 | 80.60 | 83.12 |
| Expenses | 87.44 | 90.51 | 85.09 | 79.24 | 75.27 | 89.32 | 85.64 | 69.75 | 89.43 | 90.36 | 93.76 | 76.64 | 79.09 |
| Operating Profit | 3.83 | 1.67 | 2.39 | 2.72 | 3.03 | 1.74 | 3.12 | 4.09 | 5.00 | 7.47 | 6.19 | 3.96 | 4.03 |
| OPM % | 4.20 | 1.81 | 2.73 | 3.32 | 3.87 | 1.91 | 3.52 | 5.54 | 5.29 | 7.64 | 6.19 | 4.91 | 4.85 |
| Other Income | 0.30 | 0.35 | 0.35 | 0.46 | 0.14 | 0.20 | 56.04 | 0.36 | 0.16 | 0.33 | 0.14 | 19.34 | 0.02 |
| Depreciation | 0.79 | 0.78 | 0.80 | 0.84 | 0.84 | 0.87 | 0.79 | 0.74 | 0.76 | 0.76 | 1.04 | 0.91 | 0.71 |
| Interest | 0.29 | 0.30 | 0.31 | 0.26 | 0.24 | 0.45 | 0.45 | 0.39 | 0.54 | 0.69 | 0.76 | 1.05 | 1.32 |
| Profit before tax | 3.05 | 0.94 | 1.63 | 2.08 | 2.09 | 0.62 | 57.92 | 3.32 | 3.86 | 6.35 | 4.53 | 21.34 | 2.02 |
| Tax % | 29.84 | 65.96 | 24.54 | 18.75 | 21.05 | -2,779.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 2.14 | 0.32 | 1.22 | 1.69 | 1.65 | 17.86 | 57.93 | 3.32 | 3.86 | 6.34 | 4.52 | 21.34 | 2.02 |
| EPS in Rs | 0.75 | 0.11 | 0.48 | 0.66 | 0.64 | 6.97 | 24.84 | 1.42 | 1.66 | 2.72 | 1.94 | 9.15 | 0.87 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 340.00 | 348.00 | 362.00 | 217.00 | 241.00 | 610.00 | 766.00 | 560.00 | 467.00 | 457.00 | 497.00 | 625.00 |
| Expenses | 330.00 | 334.00 | 340.00 | 201.00 | 231.00 | 600.00 | 757.00 | 549.00 | 480.00 | 461.00 | 499.00 | 629.00 |
| Operating Profit | 10.00 | 14.00 | 22.00 | 17.00 | 10.00 | 10.00 | 9.00 | 11.00 | -14.00 | -4.00 | -2.00 | -3.00 |
| OPM % | 2.90 | 4.00 | 6.00 | 8.00 | 4.10 | 1.70 | 1.10 | 2.00 | -2.90 | -0.80 | -0.40 | -0.60 |
| Other Income | 1.00 | 57.00 | 20.00 | 1.00 | 2.00 | -22.00 | 0.00 | 0.00 | 0.00 | 14.00 | 0.00 | 2.00 |
| Interest | 1.00 | 2.00 | 4.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.00 | 18.00 | 17.00 |
| Depreciation | 3.00 | 3.00 | 3.00 | 3.00 | 6.00 | 22.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Profit before tax | 7.00 | 66.00 | 34.00 | 12.00 | 5.00 | -35.00 | 3.00 | 6.00 | -19.00 | -11.00 | -24.00 | -24.00 |
| Tax % | 27.00 | -26.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | -7.00 |
| Net Profit | 5.00 | 83.00 | 34.00 | 12.00 | 5.00 | -35.00 | 3.00 | 6.00 | -19.00 | -11.00 | -24.00 | -22.00 |
| EPS in Rs | 1.72 | 32.38 | 14.68 | 5.21 | 2.12 | -14.89 | 1.50 | 2.60 | -7.96 | -4.89 | -10.39 | -9.54 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28.00 | 26.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 |
| Reserves | 27.00 | 15.00 | -85.00 | -119.00 | -131.00 | -136.00 | -102.00 | -105.00 | -111.00 | -93.00 | -81.00 | -57.00 |
| Borrowings | 12.00 | 7.00 | 8.00 | 1.00 | 0.00 | 50.00 | 155.00 | 165.00 | 167.00 | 177.00 | 173.00 | 180.00 |
| Other Liabilities | 65.00 | 69.00 | 144.00 | 180.00 | 170.00 | 138.00 | 53.00 | 53.00 | 38.00 | 46.00 | 59.00 | 53.00 |
| Total Liabilities | 132.00 | 117.00 | 90.00 | 85.00 | 62.00 | 74.00 | 130.00 | 136.00 | 117.00 | 153.00 | 174.00 | 199.00 |
| Fixed Assets | 29.00 | 31.00 | 30.00 | 29.00 | 30.00 | 34.00 | 74.00 | 76.00 | 77.00 | 79.00 | 79.00 | 82.00 |
| CWIP | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 96.00 | 85.00 | 59.00 | 56.00 | 32.00 | 40.00 | 54.00 | 59.00 | 40.00 | 74.00 | 95.00 | 117.00 |
| Total Assets | 132.00 | 117.00 | 90.00 | 85.00 | 62.00 | 74.00 | 130.00 | 136.00 | 117.00 | 153.00 | 174.00 | 199.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -4.00 | 20.00 | 47.00 | 15.00 | 17.00 | 7.00 | 6.00 | 4.00 | 16.00 | 3.00 | 30.00 | 17.00 |
| Cash from Investing Activity | -7.00 | -4.00 | -5.00 | -3.00 | -2.00 | -3.00 | -5.00 | -4.00 | -3.00 | -5.00 | -2.00 | -2.00 |
| Cash from Financing Activity | 14.00 | -10.00 | -41.00 | -19.00 | -9.00 | -3.00 | -2.00 | 0.00 | -11.00 | -3.00 | -22.00 | -16.00 |
| Net Cash Flow | 2.00 | 7.00 | 1.00 | -7.00 | 6.00 | 0.00 | -1.00 | -1.00 | 1.00 | -5.00 | 6.00 | -1.00 |
| Free Cash Flow | -6.00 | 17.00 | 42.00 | 12.00 | 15.00 | 3.00 | 1.00 | -1.00 | 13.00 | -2.00 | 28.00 | 15.00 |
| CFO/OP % | -46.00 | 147.00 | 222.00 | 96.00 | 179.00 | 65.00 | 71.00 | 35.00 | -118.00 | -68.00 | -1,511.00 | -493.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26.00 | 22.00 | 19.00 | 32.00 | 5.00 | 6.00 | 11.00 | 20.00 | 7.00 | 22.00 | 22.00 | 18.00 |
| Inventory Days | 45.00 | 38.00 | 39.00 | 73.00 | 31.00 | 16.00 | 13.00 | 10.00 | 14.00 | 30.00 | 36.00 | 47.00 |
| Days Payable | 62.00 | 61.00 | 58.00 | 88.00 | 11.00 | 11.00 | 18.00 | 20.00 | 15.00 | 22.00 | 23.00 | 19.00 |
| Cash Conversion Cycle | 9.00 | -1.00 | 0.00 | 16.00 | 25.00 | 11.00 | 6.00 | 10.00 | 6.00 | 30.00 | 35.00 | 46.00 |
| Working Capital Days | -3.00 | -14.00 | -91.00 | -217.00 | -223.00 | -89.00 | -74.00 | -109.00 | -136.00 | -39.00 | -44.00 | -11.00 |
| ROCE % | 14.00 | — | — | — | — | -172.00 | 4.00 | 8.00 | -20.00 | -8.00 | -5.00 | -4.00 |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 28 Sep 2007 | 01 Oct 2007 | 1:1 | — |
Announcements
5 filingsShareholding Pattern
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Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Apr from care
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Rating update16 Jul 2025 from care
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Rating update24 Jun 2024 from care
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Rating update12 May 2023 from care
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Rating update8 Mar 2022 from care
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Rating update21 Dec 2020 from care