Parag Milk Foods Ltd (PARAGMILK) — shareholding pattern, promoter holding, financials and share price
About Parag Milk Foods Ltd (PARAGMILK)
Parag Milk Foods Ltd operates in the Dairy Products industry, within the Fast Moving Consumer Goods sector. It trades on the NSE as PARAGMILK and on the BSE under scrip code 539889. Its ISIN is INE883N01014.
Parag Milk Foods Ltd, founded in 1992 by Mr. Devendra Shah is involved in the development and promotion of 100% fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories. [1]
Parag Milk Foods is a leading Indian dairy FMCG company that procures cow milk from over 500,000 farmers, operates seven integrated processing plants and markets value‑added dairy and nutrition brands including Gowardhan, GO, Pride of Cows and Avvatar across B2C, e‑commerce and B2B channels with a pan‑India distribution footprint and growing direct‑to‑consumer capabilities.
Q3 FY26 delivered highest ever quarterly revenue of INR 1,013 crore (up 14% YoY) with underlying volume growth of 8% and core categories (ghee, cheese, paneer) showing 12% volume growth; the new‑age portfolio crossed INR 100 crore quarterly revenue, growing 123% YoY, highlighting accelerating premiumization within Parag Milk Foods’ portfolio.
Listed peers in Dairy Products: Vadilal Industries Ltd, Heritage Foods Ltd, Vadilal Enterprises Ltd, Sheetal Cool Products Ltd, SC Agrotech Ltd, Umang Dairies Ltd(Merged).
Valuation & Returns
10 Jul 2026At ₹231 a share on 10 Jul 2026, Parag Milk Foods Ltd (PARAGMILK) was valued at a price-to-earnings ratio of 21.49x against an industry P/E of 45.12x and a price-to-book of 2.84x on a book value of ₹81.48 per share as of Mar 2025. Solomo computes return on equity of 13.2% and return on capital employed of 13.93% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 21.49x
- Industry P/E
- 45.12x
- P/B
- 2.84x
- EPS (TTM)
- ₹10.75
- Book value / share
- ₹81.48
- ROE
- 13.2%
- ROCE
- 13.93%
- ROA
- 6.64%
- Debt / equity
- 0.64x
- Dividend yield
- 0.41%
- EBITDA margin
- 7.98%
- 52-week range
- ₹178.35 – ₹377.2
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Parag Milk Foods Ltd (PARAGMILK) reported revenue of ₹3,818 crore, net profit of ₹135 crore and earnings per share of ₹10.79. That compares with revenue of ₹3,432 crore and net profit of ₹119 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹945 crore and net profit ₹32 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,072 | 2,893 | 3,139 | 3,432 | 3,818 |
| Net profit (₹ cr) | -532 | 53 | 91 | 119 | 135 |
| EPS (₹) | -55.83 | 4.54 | 7.59 | 9.95 | 10.79 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 8.45% | 7.09% | 18.46% | 9.35% |
| Profit growth | 9.97% | 6.39% | - | 31.13% |
| Stock price CAGR | -3% | 10% | 18% | -5% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 40.49% of Parag Milk Foods Ltd (PARAGMILK) (down 0.16 pp QoQ), foreign institutional investors (FII) hold 7.46% and domestic institutional investors (DII) hold 5.8%. Market capitalisation was ₹2,902 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Jun 2016.
Largest disclosed public shareholders in Jun 2026: SIXTH SENSE INDIA OPPORTUNITIES III 4.56%, INTERNATIONAL FINANCE CORPORATION 4.56%, PEANENCE COMMERCIAL PVT LIMITED 4.16%, MULTITUDE GROWTH FUNDS LIMITED 3.4%, INDIA INSIGHT VALUE FUND 1.84%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 40.49% | - | 7.46% | 5.8% | 59.03% |
| Mar 2026 | 40.65% | - | 8.77% | 5.25% | 59.27% |
| Dec 2025 | 40.65% | - | 9.25% | 6.16% | 59.26% |
| Sep 2025 | 42.61% | - | 9.91% | 6.62% | 57.25% |
| Jun 2025 | 40.65% | - | 13.99% | 6.32% | 59.21% |
| Mar 2025 | 42.61% | - | 8.46% | 6.92% | 57.25% |
| Dec 2024 | 42.61% | - | 8.2% | 7.07% | 57.25% |
| Sep 2024 | 42.61% | - | 10.08% | 7.12% | 57.25% |