Milky Mist Dairy Food (MILKYMIST) had a P/E of 91.2× on 6 Nov 2026, above the industry P/E of 19.5×, and the shares are 13% below their 52-week high. Sales and net profit grew 31% and 67% a year over 3 years, with ROCE of 16% and ROE of 32%. Debt is 0.38× equity. It is a small-cap company with a market cap of ₹22,880 Cr, ranked 6th of 127 Packaged Foods companies by market cap; the shares rose 64% over the past year.
- ₹295.00
- ₹300.00
- ₹287.00
- ₹294.45
- 3.8 L
Health check
- ReturnsAhead
+63.7% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 91.2 vs industry 19.5.
- GrowthStrong
Sales +31.0%, profit +67.1% a year over 3 years.
- ProfitabilityAverage
ROCE 15.5% vs peer median 13.2%.
- Balance sheetFair
Debt 0.38× equity, interest covered 3.3×.
- Red flags1 to check
P/E of 91.2 against an industry P/E of 19.5.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹22,880 Cr
- Small cap
- P/E
- 91.2
- Industry 19.5
- Price to book
- 8.88
- Peers 4.86
- Dividend yield
- 0.00%
- ROE
- 32.1%
- Peers 14.8%
- ROCE
- 15.5%
- Peers 13.2%
- Debt to equity
- 0.38
- Debt ₹911 Cr
- EPS (TTM)
- ₹3.26
- Face value ₹2
- OPM (TTM)
- 13.9%
- Net margin 6.2%
- Sales growth
- +41.6%
- Latest quarter vs a year ago
- Profit growth
- +174.5%
- Latest quarter vs a year ago
- Price to sales
- 6.08
- EV/EBITDA 38.2
Strengths and risks
Strengths
- Return on equity of 32.1%.
- Quarterly profit up 174.5% on a year ago.
- Quarterly sales up 41.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 91.2 against an industry P/E of 19.5.
About Milky Mist Dairy Food
Milky Mist Dairy Food Limited produces and supplies dairy products. It engages in food processing, and manufacturing and trading of food products. The company provides dairy products including cheese, paneer, butter, curd, ghee, yogurt, ice cream, milk cream, and UHT milk products. It also offers ready-to-eat and ready-to-cook products, such as frozen pizza, paneer crunchies, paneer tikka, paneer finger, dahi tikki, cheese balls, wheat chapati, malabar…
- Headquarters
- Perundurai
- Sector
- Consumer Defensive
- ISIN
- INE00IT01020
- Website
- milkymist.com
Price range
- Avg volume (3M)
- 1.2 Cr
- 1-year return
- plus 63.7%
- From 52-week high
- minus 13.2%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| ZYDUSWELLZydus Wellness | 468.60 | minus 1.29% | 14,909 | 60.5 | 2.53 | 3.4% | 4.2% | 13.1% | 20.7% | −14.0% | 0.26% | plus 2.5% |
| Median of 7 peers | – | 0.19% | 44,776 | 60.5 | 4.86 | 13.2% | 14.8% | 13.1% | 10.0% | 15.0% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 | Sep 26 |
|---|---|---|---|---|
| 678 | 769 | 973 | 1,089 | |
| – | – | +43.6% | +41.6% | |
| 597 | 664 | 830 | 932 | |
| 81.3 | 105 | 144 | 157 | |
| 12.0% | 13.7% | 14.8% | 14.5% | |
| 1.8 | 2.3 | 1.1 | 7.7 | |
| 33.8 | 16.2 | 24 | 19.9 | |
| 38.9 | 43.6 | 47.4 | 54.9 | |
| 10.4 | 47.5 | 73.5 | 90.3 | |
| 37.2% | 40.2% | 12.0% | 13.7% | |
| 6.5 | 28.4 | 64.7 | 77.9 | |
| – | – | +889.8% | +174.5% | |
| 0.08 | 0.37 | 0.84 | 1.08 |
Profit & loss
- Sales CAGR 3Y
- +31.0%
- Profit CAGR 3Y
- +67.1%
- EPS CAGR 3Y
- +67.1%
- ROE
- 32.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,387 | 1,808 | 2,333 | 3,120 | |
| – | +30.3% | +29.0% | +33.8% | |
| 1,189 | 1,591 | 2,027 | 2,691 | |
| 198 | 217 | 306 | 429 | |
| 14.3% | 12.0% | 13.1% | 13.8% | |
| 1.4 | 14.8 | 20.5 | 28.1 | |
| 55.7 | 81.8 | 102 | 129 | |
| 80.5 | 107 | 136 | 170 | |
| 0 | −0.2 | −0.1 | 0.9 | |
| 63.5 | 42.7 | 87.5 | 158 | |
| 57.1% | 54.4% | 47.4% | 19.9% | |
| 27.2 | 19.4 | 46.1 | 127 | |
| – | minus 28.6% | +137.0% | +175.7% | |
| 0.35 | 0.25 | 0.60 | 1.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.5 | 3.5 | 126 | 128 | |
| 259 | 279 | 202 | 335 | |
| 804 | 1,042 | 1,382 | 1,677 | |
| 223 | 283 | 441 | 537 | |
| 1,289 | 1,606 | 2,151 | 2,676 | |
| 1,073 | 1,258 | 1,717 | 2,057 | |
| 167 | 119 | 386 | 397 | |
| 9.4 | 11.3 | 14 | 10.5 | |
| 40 | 218 | 33.9 | 212 | |
| 1,289 | 1,606 | 2,151 | 2,676 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 175 | 140 | 315 | 302 | |
| −368 | −290 | −545 | −470 | |
| 198 | 152 | 233 | 164 | |
| 5.2 | 2.3 | 2.7 | −3.4 | |
| −392 | −292 | −595 | −470 | |
| −217 | −152 | −280 | −168 |
Shareholding pattern
- Promoters79.51%
- Public20.49%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 79.51% | 20.49% | 0.00 | |
| 17 Aug 2026 | 79.51% | 20.49% | – |
Major shareholders
Filings & events
News
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