Parag Milk Foods Ltd

NSE
PARAGMILK •
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Start SIP in Parag Milk Foods Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
282.15% Gain from 52W Low
23.4
TTM PE Ratio
Below industry Median
30.1
Price to Book Ratio
Above industry Median
3.8
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.3
RSI
RSI is mid-range
61.3
MFI
MFI strongly Overbought
82.6

Parag Milk Foods Ltd Key Financials

*All values are in ₹ Cr.

Parag Milk Foods Ltd shareholding Pattern

Promoter
41.6%
Foreign Institutions
8.8%
Mutual Funds
0.6%
Domestic Institutions
8.6%
Public
40.8%

Parag Milk Foods Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
15
Bearish Moving Averages
1
5Day EMA
258.20
10Day EMA
254.80
12Day EMA
252.60
20Day EMA
245.00
26Day EMA
241.20
50Day EMA
233.10
100Day EMA
219.90
200Day EMA
193.30
Delivery & Volume
Resistance & Support
257.50
Pivot
Resistance
First Resistance
263.85
Second Resistance
267.65
Third Resistance
274
Support
First Support
253.70
Second support
247.35
Third Support
243.55
Relative Strength Index
61.27
Money Flow Index
82.61
MACD
11.42
MACD Signal
9.86
Average True Range
13.41
Average Directional Index
35.35
Rate of Change (21)
34.46
Rate of Change (125)
47.92

Parag Milk Foods Ltd Company background

Founded in: 1992
Managing director: Pritam Shah
Parag Milk Foods Ltd (PMFL), founded in 1992, is one of leading dairy FMCG companies in India. The company manufactures a diverse range of products like cheese, ghee, fresh milk, whey proteins, paneer, curd, yoghurt, milk powder and dairy based beverages. The Company enjoys a strong reputation and brand recall across several geographies through its exports across UAE, Singapore, Oman, Kuwait, Mauritius, New Zealand, Australia, Congo, Seychelles, Iraq, USA, Hong Kong, Philippines, , Sri Lanka, UAE and Bangladesh. The Company also supplies farmtohome premium fresh milk from Bhagyalaxmi Dairy Farms, which it markets and sells in Mumbai, Pune, Surat, and DelhiNCR region. As on March 31, 2019, the Company has one wholly owned subsidiary called Bhagyalaxmi Dairy Farms Pvt Ltd (BDFPL), which is located at Manchar, PuneThe Company was incorporated as Parag Milk Milk Products Private Limited on December 29, 1992 with the registrar of companies at Mumbai with the registered office at Pune as a private limited company under the Companies Act, 1956. The name of the Company was changed to Parag Milk Foods Private Limited and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on April 11, 2008. The Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on May 16, 2015 and consequently, the name of the Company was changed to Parag Milk Foods Limited and a fresh certificate of incorporation consequent upon conversion to a public limited company was granted to the Company by the RoC on July 7, 2015. Parag Milk Foods Ltd started commercial production in 1992 and commissioned the Manchar, Pune plant for production in 1998 under the Gowardhan Brand. The company launched Bhagyalaxmi Dairy Farms in 2005 and started operations at the Palamaner Plant in 2010. The company launched milk under Pride of Cows Brand in 2011. The company has being launching various products in milk and cheese in subsequent years.Parag Milk Foods raised Rs 300 crore from through fresh issue of 136.99 million equity shares in an initial public offer in May 2016. During the financial year ended 31 March 2017, the company expanded its cheese slice range with flavours like Piri Piri, chutney cheese, Kachha Aam, Schezwan and Acchari and other product categories like Premix with Go Easy Shake and relaunched dairy whitener under Milk Rich brand name. During the year, the company company expanded distribution of fresh milk in upcountry Tamil Nadu market.During the financial year ended 31 March 2018, the company introduced fresh dahi to strengthen its presence in north region. With this launch, the company has expanded its geographical reach and entered into Rs 1500 crore curd market of Delhi. The company also launched Mishti Doi which is nutritionally rich in protein. This is a traditional Bengali dessert. The company believes that the addition of Mishti Doi to its product portfolio will further build up the Gowardhan Dahi category. The company also launched Gowardhan Paneer as a fresh paneer category with a shelf life of 75 days and is made from 100 % cows milk. It is a rich source of proteins and vitamins. This is the only product which has used ESL technology.To strengthen the presence in north, the company acquired the manufacturing unit of Danone Foods and Beverages India Pvt Ltd., the local entity of French dairy firm Danone SA. The acquisition will strengthen the companys distribution of fresh category products like milk, dahi, paneer, yogurt in the Northern and Eastern regions of India, which is largely dominated by buffalo milk consumption. This move will give the company an edge to understand the consumer preferences in northern India. The plant is spread across 5,500 square meters on the outskirts of Delhi NCR. Its current milk processing capacity is 0.75 LLPD (lakh litre per day) along with curd processing capacity of 15 tonne.
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Parag Milk Foods Ltd FAQs

Parag Milk Foods Ltd shares are currently priced at 260.05 on NSE and 259.75 on BSE as of 2/21/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Parag Milk Foods Ltd [PARAGMILK] share was 233.39. The Parag Milk Foods Ltd [PARAGMILK] share hit a 1-year low of Rs. 68.05 and a 1-year high of Rs. 289.75.

The market cap of Parag Milk Foods Ltd is Rs. 3052.36 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Parag Milk Foods Ltd is 28.64 as of 2/21/2024 12:00:00 AM.

The PB ratios of Parag Milk Foods Ltd is 3.53 as of 2/21/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.56% at the end of 2/21/2024 12:00:00 AM.

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