A deep dive into Parag Milk (PARAGMILK) — examining the financials, valuation picture, and who owns the stock.
Parag Milk Revenue Trend
Revenue for Parag Milk came in at ₹3,472 Cr in FY2025, growing 9.8% year-over-year.
A 9.2% CAGR over 10 years is middle-of-the-road. Parag Milk's top line moved from ₹1,444 Cr to ₹3,472 Cr in that period.
At ₹3,472 Cr in annual revenue, Parag Milk is one of the mid-sized players in the food and food processing space.
Revenue has moved in the same direction for 4 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹3,472 Cr | +9.8% |
| FY2024 | ₹3,164 Cr | +7.7% |
| FY2023 | ₹2,938 Cr | +40.4% |
| FY2022 | ₹2,093 Cr | +12.8% |
| FY2021 | ₹1,855 Cr | — |
View Parag Milk's full 10-year revenue trend with CAGR analysis →
Parag Milk Profitability
Parag Milk's bottom line improved to ₹119 Cr in FY2025, a 31.1% increase over the prior year.
Net margin was steady at 3.4% in FY2025, suggesting a stable cost structure.
On an EPS basis, the company earned ₹9.51 (diluted) in FY2025 versus ₹7.47 in FY2024.
Is Parag Milk Undervalued
The P/E Ratio valuation pegs Parag Milk's fair value at ₹269, which is 10.4% upside from the current price.
Parag Milk shares are currently trading at ₹243.97.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹269 | 10.4% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Parag Milk with detailed assumptions →
Parag Milk Shareholding Pattern
Over the past 4 quarters, the promoter stake slipped from 42.6% to 40.6%.
Foreign institutions moved their stake down to 8.8% from 9.2% over the past year.
DII ownership is at 5.2%, down from the 6.9% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 40.6% | 8.8% | 5.2% | 45.2% |
| Dec 2025 | 40.6% | 9.2% | 6.2% | 43.9% |
| Sep 2025 | 42.6% | 9.9% | 6.6% | 40.7% |
| Jun 2025 | 42.6% | 9.2% | 6.9% | 41.1% |
Track quarterly shareholding changes for Parag Milk →
Parag Milk Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹20.33B, up 7.5% YoY from ₹18.91B.
Other Assets accounts for 34.9% of the total, ahead of Inventories (28.4%) and Property, Plant & Equipment (23.0%).
Capital structure: 50.3% equity, 32.2% debt, 17.5% operating liabilities. Over the year, debt is up 1.5% and equity is up 12.2%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 118.90M |
| Receivables | 2.60B |
| Inventories | 5.78B |
| Property, Plant & Equipment | 4.68B |
| Investments | 46.30M |
| Intangibles & Goodwill | 19.80M |
| Other Assets | 7.09B |
| Category | Value |
|---|---|
| Equity | 10.23B |
| Short-term Debt | 3.71B |
| Long-term Debt | 2.83B |
| Trade Payables | 2.56B |
| Other Liabilities | 992.60M |
Parag Milk at a Glance
To sum up Parag Milk's financial position: the data paints a clear picture for investors evaluating this food and food processing stock.
Revenue of ₹3,472 Cr in FY2025, up 9.8% year-over-year.
Long-term revenue has been compounding at 9.2% annually over 10 years.
The company is profitable, with a net margin of 3.4% and net income of ₹119 Cr.
The P/E Ratio model implies 10.4% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Parag Milk goes deeper: three valuation models, growth metrics, and 10 years of financial data.