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 ₹3,432 Cr in FY2025, growing 9.4% year-over-year.
A 9.0% CAGR over 10 years is middle-of-the-road. Parag Milk's top line moved from ₹1,444 Cr to ₹3,432 Cr in that period.
At ₹3,432 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 | ₹3,432 Cr | +9.4% |
| FY2024 | ₹3,139 Cr | +6.8% |
| 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.
A stronger net margin of 3.5% in FY2025 (from 2.9%) points to better profitability per rupee of revenue.
On an EPS basis, the company earned ₹9.51 (diluted) in FY2025 versus ₹7.47 in FY2024.
Is Parag Milk Undervalued
Parag Milk shares are currently trading at ₹225.47.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Parag Milk Shareholding Pattern
Over the past 4 quarters, the promoter stake slipped from 42.6% to 40.5%.
Foreign institutions moved their stake down to 7.5% from 9.9% over the past year.
DII ownership is at 5.8%, down from the 6.6% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 40.5% | 7.5% | 5.8% | 45.8% |
| 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% |
Track quarterly shareholding changes for Parag Milk →
Parag Milk Balance Sheet
Proportional view as of 3 Aug 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 ₹3,432 Cr in FY2025, up 9.4% year-over-year.
Long-term revenue has been compounding at 9.0% annually over 10 years.
The company is profitable, with a net margin of 3.5% and net income of ₹119 Cr.
Unlock Full Analysis
Craytheon's full analysis of Parag Milk goes deeper: three valuation models, growth metrics, and 10 years of financial data.